New form of bank certificate require to IEC application

ANF2(I)   FORMAT OF BANK CERTIFICATE FOR ISSUANCE OF IEC   (To be issued on the official letter head of the Bank)   Ref No…………………….    To   ……………………………..   ………………………………   ………………………………      (Name and address of the issuing authority)   Sir/ Madam     ……………………………………………………………………………..(Name of the bank/branch) certify that M/s……………………………………………………………..(Name and … Read more

Online modification of IEC will operational from 21st September 2015

To be published in the Gazette of India Extraordinary Part-I, Section (I)  Government of India  Ministry of Commerce & Industry  Department of Commerce Udyog Bhawan, New Delhi  Public Notice 36 /2015-2020  Dated the 14 September, 2015  Subject: Operationalisation of modification in IEC — reg.  The new format of online application form for issue/modification in IEC … Read more

New export policy of sugar

(To be Published in the Gazette of India Extraordinary Part-II, Section – 3, Sub-Section (ii))   Ministry of Commerce & Industry   Udyog Bhawan   New Delhi, Dated : 7 September, 2015   S.O.(E)             In exercise of the powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of … Read more

The minimum price for import of Areca Nuts is enhanced from existing Rs.110/- to Rs.162/- per Kilogram

GOVERNMENT OF INDIA NOTIFICATION No. 10/2015-2020  New Delhi, the 8th June, 2015. The CIF value of Areca Nuts under the following Exim Codes of Chapter 8 of ITC (HS) 2012, Schedule 1 (Import Policy) is revised from the present ‘Rs.110/- and above per Kilogram’ to ‘Rs. 162/- and above per Kilogram’. The revised entries shall … Read more

Safeguard duty on import of saturated fatty alcohol

 Government of India Ministry of Finance (Department of Revenue)  New Delhi, the 13th March, 2015         final findings of the Director General (Safeguard), hereby imposes on subject goods excluding Saturated Fatty Alcohols with carbon chain length of pure C8, falling under tariff item 2905 17 00 or sub-heading 3823 70 of the … Read more

Import of “raw sugar” under Duty Free Import Authorisation (DFIA) scheme is withdrawn

(To be Published in the Gazette of India Extraordinary Part-II, Section – 3, Sub-Section (ii))   Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade       The following sub para (c) is inserted in Para 4.25 of FTP 2015-20 “(c) Duty Free Import Authorisation Scheme shall … Read more

The CIF value per consignment of Border trade between India and China is increased from Rs.1 lakh to Rs.2 lakh

(PART – I SECTION – I)  MINISTRY OF COMMERCE & INDUSTRY  PUBLIC NOTICE NO.7 /2015-2020  NEW DELHI, DATED THE 1st May, 2015 In exercise of powers conferred under Paragraph 2.04 of the Foreign Trade Policy 2015-2020, the Director General of Foreign Trade hereby makes amendment in para 2.07 (a) (iv) of Handbook of Procedures (2015-2020) … Read more

Salient changes in Schemes of reward or incentive / advance under Foreign Trade Policy 2015 – 2020

Circular No. 14 /2015-Cus. F.No. 605/55/2014-DBK Government of India Ministry of Finance, Department of Revenue Central Board of Excise and Customs New Delhi dated  20th  April 2015 To, All Principal Chief Commissioners/Chief Commissioners of CBEC All Principal Directors General/Directors General of CBEC All Principal Commissioners/Commissioners of CBEC                 Ma’am/Sir,   Subject: Foreign Trade Policy 2015 – 2020 –Salient … Read more

Import duty on sugar increased from 25 percent to 40 percent

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval to increase import duty on sugar from 25 percent to 40 percent.  In order improve the price sentiments relating to sugar, the Government has decided to take the following steps:   1)      The duty on import of sugar under the Open General … Read more