News Update

Revenue Secretary urges Industry & traders to pass on benefits of lower GST rates to consumersGST - Sushil Modi further sensitises Infosys; EDIT facility for returns to be activated soonGovt sets up Second National Judicial Pay CommissionImpact of Moody's rating upgrade - NHAI projects become less riskyIT infra missing at many Customs stations - CBEC Chairperson asks for speeding up installation of netwrok equipmentsIncome Tax seizes cash to tune of Rs 11 Crore from NSE brokerAustralians support same-sex marriage in national surveyDigital economy to the fore again (See 'TII EDIT')Renewable Energy - Challenge is research in storage technologyICAO Audit finds safety system in placeI-T - Interest received towards late payment following award passed by District Court is taxable income: HCPM reviews performance of key infra projectsCX – Blinds are in nature of curtains and cannot be said to become immovable properties when they are mounted on wall: CESTATGST Administration facing acute manpower shortage at Group 'A' level; About 1900 posts remain vacant against over 5800 posts in CBECJD(U) election symbol - EC verdict out; Nitish faction defeats Sharad Yadav splinter groupSEBI bans Swarnabhumi Agritech India & its Directors for four yearsGST - MRP - additional stickers allowed upto Dec 31, 2017CBDT invites comments of stakeholders for conversion of Indian branches of foreign banks to Indian subsidiary companyMoody's upgrade India's credit rating to Baa2CBDT issues transfer order of 7 DC/ACITsBudget 2018 - MoF invites suggestions from Industry and TradeCommerce Minister to participate in Shanghai Cooperation Organization meetingGST - CBEC clarifies on refund of unutilised ITC of GST paid on inputs by fabric exportersCBDT issues transfer order of 8 Addl / JCITsGST - FICCI steps up demand for inclusion of natural gasRevenue Secretary welcomes Moody’s upgraded rating; GST gets full creditGST receipts - Agency commission to banks - Mumbai office of RBI to settle all claimsTaxability of High Sea Sales under Customs & GST - A detailed analysisSiliguri DRI seizes over 7 kg gold worth Rs 2.3 Crore smuggled from Bhutan & MyanmarCabinet sanctions posts of Chairman & Members of National Anti-Profiteering AuthorityUnion Cabinet extends aid to strengthen infra for judiciaryCBEC notifies new Customs exchange rates effective from November 17, 2017
Untitled Document

GOVERNMENT OF INDIA
MINISTRY OF COMMERCE AND INDUSTRY
DEPARTMENT OF COMMERCE
DIRECTORATE GENERAL OF FOREIGN TRADE
NEW DELHI

POLICY CIRCULAR NO

2/2015-20, Dated: November 14, 2017

To

All Regional Authorities
All Commissioners of Customs

Subject: Order of the High Court, Hyderabad in W.P. No 34771/2014 in respect of item at EXIM Code 1005 Maize (Corn)

The Notification No. 93 (RE-2013) dated 29.09.2014 has, inter alia revised the Import Policy for EXIM Code 1005 - Maize (Corn) (1005 90 00 - Other), removing the item from the "State Trading Enterprises" list to "free". The notification, however, has been challenged before the Hon'ble High Court of Andhra Pradesh and Telenqana at Hyderabad in WP NO.34771 of 2014 and in pursuance of the prayer in WPMP No.43494 of 2014, the Hon'ble High Court passed interim order dated 21.11.2014, maintaining status quo by both parties till 3.12.2014. On 3.12.2014 the Hon'ble High Court further extended the status quo for two more weeks i.e. till 17/12/2014.

2. Accordingly, in compliance with the aforementioned interim orders of the Hon'ble High Court of Andhra Pradesh & Telengana, effect of Notification No. 93 (RE-2013) dated 29.09.2014, in respect of the EXIM Code 1005 - Maize (Corn) (1005 90 00 - other), was kept in abeyance until 17.12.2014.

3. Subsequently, in modification of the earlier orders, the Hon'ble court has interalia directed, vide its order dated 31.12.2014, as under

"... that the persons may be permitted to import the Maize(corn) subject to fulfillment of 'actual user condition' and on payment of customs duty prevailing, but not the TRQ customs duty the interim order dated 21.11.2014 was modified to allow import of Maize by "Actual Users" paying the normal duty and not the TRQ duty. Payment of customs duty and nature of import of Maize (corn), shall be subjected to further orders in writ petition."

4. Imports of Maize (corn) under Exim Code 1005 90 00 is accordingly governed, until further orders/notice/circular in the matter.

5. This issues with the approval of DGFT.

{Issued from File No.01/89/180/Misc.66/AM-06/PC-2(A)}

(S P Roy)
Joint Director General of Foreign Trade