DGFT notified operationalisation of the new system of online applications for IEC with effect from 01/02/2015

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. 83/ (RE-2013)/2009-2014              4.   Effect of this Public Notice: The new system of online applications for IEC as per the Public … Read more

The anti-dumping duty may remain continue in force untill the outcome of DGAD sunset review

Circular No. 05/2015-Customs  F.No.354/104/2014-TRU Government of India Ministry of Finance Department of Revenue Tax Research Unit ***** New Delhi, the 28th January, 2015 To,   Chief Commissioners of Customs (All), Chief Commissioners of Central Excise and Customs (All), Director General, Directorate General of Revenue Intelligence, Commissioners of Customs (All), Commissioners of Central Excise and Customs (All). … Read more

European Commission Lifts Ban on Import of Mangoes from India

The European Commission having paid due cognizance to the audit findings in its meeting in Brussels on 20.01.2015 decided to lift the ban on import of mangoes from India. This news has been widely welcomed by farmers and exporters in the country as well as mango lovers in Europe, particularly in U.K.  Specifying the efforts … Read more

Allocation of quantity of Rough Marble and Travertine Blocks for import for Financial Year 2014-15 – DGFT Trade Notice

Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi-110011.   Trade Notice No. 12/2014, dated 8th January 2015   To,   Members of Trade All Regional Authorities of DGFT All Custom Authorities   Subject:      Allocation of quantity of Rough Marble and Travertine Blocks for import … Read more

Individual travelling from India to Nepal or Bhutan can carry Reserve Bank of India currency notes of denomination Rs.500/- and/or Rs.1000/- up to a limit of Rs.25000

RESERVE BANK OF INDIA(FOREIGN EXCHANGE DEPARTMENT)CENTRAL OFFICEMUMBAI Notification No. FEMA. 331/2014-RB December 16, 2014 Foreign Exchange Management (Export and Import of Currency)(Second Amendment) Regulations, 2014 In exercise of the powers conferred by clause (g) of sub-section (3) of Section 6 and sub section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 … Read more

Procedure for allowing re-export of goods that are imported under a bonafide mistake is simplified

Circular No. 04/2015-Customs       F. No. 450/74/2014-Cus IV Government of India Ministry of Finance Department of Revenue (Central Board of Excise and Customs) ***** Room No. 229-A, North Block New Delhi, dated: 20.01.2015 To,  All Chief Commissioners of Customs/Customs (Preventive) All Chief Commissioners of Customs and Central Excise All Commissioners of Customs/Customs (Preventive) All Commissioners of … Read more

GSM mobile handsets with duplicate or fake IMEI & CDMA mobile handsets with duplicate or fake ESN/MEID are added to the list of Prohibited items for import

To be published in the Gazette of India Extraordinary Part-II, Section -3, Sub Section (ii) Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan, New Delhi   Subject: Amendment in import policy conditions under ITC (HS) 4 digit code 8517. S.O. (E): In exercise of powers conferred by Section 3 of … Read more

Any person, resident in India may take outside India or may bring into India, the currency notes of Government of India up to Rs.25, 000

F.  No 520/23/2013- Cus. VI Government of India  Department of Revenue  *****           Subject : Export and Import of Currency –reg Attention is invited to Regulation (3) of Foreign Exchange Management (Export and Import of Currency) (Amendment) Regulations, 2009, notified vide Notification No.FEMA.258/2013-RB dated February 15, 2013 and A.P. (DIR Series) … Read more

Export documentation is now simplified – Commercial invoice and packing list is merged together

Circular No. 01/15-Customs   F. No. 450/25/2013-Cus IV (Pt.) Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs *** New Delhi, dated 12.01.2015 To All Chief Commissioners of Customs / Customs (Preventive) All Chief Commissioners of Customs and Central Excise All Commissioners of Customs / Customs (Preventive) All Commissioners … Read more

Foreign Exchange Management (Transfer or issue of Security by a Person Resident outside India) (Seventeenth Amendment) Regulations, 2014

Reserve Bank of IndiaForeign Exchange Department Central officeMumbai Notification No.FEMA.330/ 2014-RB Dated: December 15, 2014 Foreign Exchange Management (Transfer or issue of Security by a PersonResident outside India) (Seventeenth Amendment) Regulations, 2014 In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, … Read more