Rupee hits a new low of 54.82 against Dollar   IPL Bangalore Team Player Luke Pomersback arrested by Delhi Police    Shahrukh Khan banned for 5 years from entering in Wankhede Stadium    CBI raids 15 MLAs in Jharkhand for taking bribe in Rajya Sabha elections   Rajya Sabha passes Finance Bill 2012    Petrol & Diesel prices to be hiked    Yeddy applies for bail after CBI raids on his residence   Income Tax Officer SK Saini sentenced to 3 years RI + fine of Rs 35 Lakh by CBI Court in Bhopal     IRS Officer Brahmananda Reddy arrested by CBI     Founder of Matrix Laboratories Nimmagadda Prasad also arrested by CBI   Tariff Value for import of Brass scrap is 4362 & for poppy seeds 3680-for gold 507 per 10 gram & for silver 920 per kg-Customs Non-Tariff Notification No.42      Customs duty exempted on import of 191 Products from Singapore-Customs Tariff Notification No.33    Import of 485 Products from Singapore exempted from Customs duty-Customs Tariff Notification No.34    Import of 496 Products from Singapore exempted from 50 per cent of applied rate of duty-Customs Tariff Notification No.35     Saurabh Chandra gets additional charge of Commerce Secretary    ITAT Member N Vasudevan transferred from Mumbai to Bangalore-J Sudhakar Reddy moves from Mumbai to Delhi-IP Bansal from Delhi to Mumbai-IC Sudhir from Pune to Delhi      CVD on imported electronics lowered due to higher rates of abatement from RSP notified-Abatement from MRP for excise payment on all electronic products prescribed at uniform rate of 35 per cent-Abatement revised for several products-Central Excise Non-Tariff Notification No.26     Suppliers to Mega Power Projects face silly excise demands-Click on the link below for full details    Excise demand of Rs 32 Crore confirmed against Exide for not paying excise on MRP basis on lead acid storage battery     RBI says Exporters required to convert 50 per cent of their foreign exchange holdings into Rupee within 15 days-Exporters will be allowed to buy foreign currency only after utilizing all their foreign currency holdings      Articles of jewellery exempted from excise duty-Specified Railway Goods manufactured by Government exempted from excise -Central Excise Tariff Notification No.23   Excise on specified Petroleum Oils lowered    Eye makeup preparations exempted from excise   The excise exemption hitherto admissible on all Hawai Chappals will now be admissible to only Hawai Chappals of RSP up to Rs 500-Polyester staple fibre or polyester filament yarn, manufactured from plastic scrap or plastic waste including waste polyethylene terephthalate bottles exempted from excise-Excise on Motor chassis for vehicles lowered to 14 per cent excise-Excise on LED Lights of Chapter 85 lowered to 6 per cent-Inks for ball point pens exempted from excise-Central Excise Tariff Notification No.24-Parts of Footwear and hawai chappals of RSP not exceeding Rs. 500 per pair exempted from excise if consumed in factory-Central Excise Tariff Notification No.25-Excise exemption to goods required for initial setting up of solar power generation project or facility-Central Excise Tariff Notification No.26     CENVAT Credit (Fifth Amendment) Rules, 2012-No reversal of credit required for supplies made for setting up of solar power generation projects or facilities-Central Excise Non-Tariff Notification No.25     exemption from wholeof the additional duty leviable shall not apply to Hand held Metal/Mine/Bomb detectors etc.-Customs Tariff Notification No.30    Import of specified goods allowed at concessional rate of duty-Customs Notification No.31       Lok Sabha passes Finance Bill 2012      FM defers the applicability of  GAAR provisions by one year- GAAR provisions will now apply to income of Financial Year 2013-14 and subsequent years-The retrospective clarificatory amendments now under consideration of Parliament will not be used to reopen any cases where assessment orders have already been finalized-long term capital gain arising from sale of unlisted securities in case of  non-resident investors, including PE investors lowered to 10 per cent-FM extends  benefit of tax exemption on long term capital gains to  sale of unlisted securities in IPO-lower rate of withholding tax of 5% for funding all businesses-FM withdraws  the provision for levy of TDS on transfer of immovable property-FM raises the threshold limit for TCS on cash purchases of jewellery to Rs.5 lakh-only serious offences under the customs law involving prohibited goods or duty evasion exceeding Rs.50 lakh, shall be cognizable- all these offences shall be bailable-changes in the definition of “service” which will exclude the activities specified in the Constitution as “deemed sale of goods”-The definition of “works contract” also  enlarged to include movable properties- Exemption for specified services relating to agriculture in the Negative List extended to agricultural produce enlarging the scope of the entry    Anti-dumping duty on imports of Partially Oriented Yarn, originating in, or exported from China-Customs Notification No.22        Customs duty on import of 806 Products from Japan lowered       Anti-dumping duty imposed on import of Phosphoric Acid of all grades and all concentrations (excluding Agriculture/FertilizerGrade) , falling under tariff item 28092010, originating in, or exported from,Israel and Taiwan-Customs Tariff Notification No.19     Customs duty on import of composite fertiliser lowered to 1 per cent-Customs Tariff Notification No. 24      
 
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DGFT CIRCULARS 2007-2008

Circular No

Subject

01/2007-08

Guidelines for import of Rough Marble Blocks/Slabs for the year 2007-08

02/2007-08

Guidelines for import of Rough Marble Blocks/Slabs for the year 2007-08

03/2007-08

Methodology for distinguishing Artistic Work

04/2007-08

Transitional Arrangements under Para 1.5 of Foreign Trade Policy, 2004-2009

05/2007-08

Guidelines for import of Rough Marble Blocks/Slabs for the year 2007-08

06/2007-08

Clarification on export documentation and entitlement

07/2007-08

Guidelines for import of Rough Marble Blocks/ Slabs for the year 2007-08. 

08/2007-08

Procedure to be followed for deciding eligibility and level of cut in entitlement on applications filed beyond the due date subsequent to Public Notice No. 16 dated 10.7.2007. 

09/2007-08

Councils authorised to issue Registration-cum-Membership Certificate(RCMC) Certificate

10/2007-08

Clarification regarding issue of Export House Status Certificate by Regional Offices of DGFT 

11/2007-08

One time approval for import of Soyabean oil obtained from Round-up-Ready Soyabean 

12/2007-08

Clarification  on the facility of Export Promotion Schemes administered by DGFT. 

13/2007-08

Clarification on the availability of benefit of DFIA scheme for physical exports to RPA countries.

14/2007-08

Duty free import of fuel under Advance Authorisation Scheme- Clarification regarding

15/2007-08

Ban on export of non-basmati rice - clarification regarding 

16/2007-08

Issuance of End Use (No Objection) Certificate for import of Boric Acid – Clarification regarding  

17/2007-08

Exports of Cashew ,Cashew Nuts & Kernel, Pepper & Chilly, Cardamoms, Sesamum Seeds, Sesamum Indicum shall be entitled for Vishesh Krishi Upaj Yojana benefits in respect of exports made between 1.4.2004 to 31.8.2004

18/2007-08

DGFT issues clarification on procedure to be followed for destruction of drugs imported from unregistered sources under Advance Authorisation Scheme

19/2007-08

Applicability of Public Notice No. 36 in respect of pending claims for TED refunds as per amended Para 8.3.1(iii) of HBP Volume 1 

20/2007-08

Norms Committee-Para 4.7 cases Guidelines 

21/2007-08

Import of vehicles used in off-highway operations such as mining, industrial undertakings, irrigation, general construction etc. 

22/2007-08

Import Policy of 1-Bromo-3-Chloro Propane 

23/2007-08

Import of Sandal Wood 

24/2007-08

Criteria on Mergers & Acquisition of Companies and consequential grant of benefits under DFGE for Status Holders Scheme and under Target Plus Scheme

25/2007-08

Services not originating from India would not be entitled for Served From India Scheme benefits

26/2007-08

Export of restricted / prohibited items, clarification regarding eligibility under Schemes under Chapter 3 of FTP 2004-09 

27/2007-08

Validity of Registration-cum-Membership Certificate(RCMC) and Councils authorized to issue RCMC 

28/2007-08

Explanatory note to Public Noitice No.99 ( RE-2007) 2004-09 dated 08.01.2008

29/2007-08

As long as imported inputs (for which clubbing has been sought) are same, the facility of clubbing would be available for closure of the authorisations irrespective of the fact that the export products are different 

30/2007-08

 benefits under Focus Product Scheme for Export of Handloom Products

31/2007-08

 return of original TR – 6 Chalan evidencing payment of Customs Duty for the excess raw material imported against Advance Authorisation Scheme

32/2007-08

 Import of Sandalwood – cut off date for filing applications

33/2007-08

 extension of Block of years for fulfillment of export obligation by Regional

34/2007-08

 Issuance of Ad-Hoc Advance Authorisations under Para 4.7 for Readymade Garments of Textiles, Leather and Para 3.9.1 of Policy Circular No. 20

35/2007-08

 
 
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