News Update

DRI nabs Dubai-bound pax with FC worth Rs 1.93 croresCX - Too late for Revenue to complain that there is non-compliance by Settlement Commission with mandatory provisions of law: High CourtI-T - Tax Recovery Officer cannot summarily assume powers under Indian Contract Act, 1872, to suo motu declare a transaction of sale to be void & without approaching civil court: HCI-T - Expenses incurred for purely business purposes not being incurred on employees, would not attract Fringe Benefit Tax: HCCX - General practice amongst masses to not consider trading as an 'exempted service' till amendment was made in CCR - assessee had no malafide intention to avail undue benefit: CESTATCJI impeachment - Opposition Parties finally do it; hands over Notice to Vice PresidentBRICS discusses constitution of Working Group on illicit financial flowsCBDT shifts DGHRD office to Jawaharlal Nehru StadiumCBIC clarifies that remnant fuels (HSD/LDO) (after ship breaking) are classifiable under Chapter 27 and free from import policy restrictionsI-T - Mere projection of profit statement found in loose sheets from taxpayer's premises, is no basis for levying penalty in his hands: ITATGoM on Transport recommends uniform road tax structureCX - Assessee taking credit on rejected goods, recyling same and paying duty on clearance alleging that credit has been availed irregularly is unsubstantiated no question of double duty : CESTATGovt seeks feedback to Draft Coastal Regulation ZoneI-T - Payments made to founder or relative of trust, if credited to trust's account immediately without taking any undue benefit from it, will not upset exemption benefit u/s 11: ITATFC to individually assess needs of each State: NK SinghCX Mere reiteration of order of penalty imposed by original authority, who had jurisdiction, by first appellate authority, who lacked jurisdiction, does not cause grievance to appellant at that stage: CESTATGoM on Transport recommends uniform road tax and national permits for buses and taxisJustice Loya death case - SC dismisses pleasChennai Customs nabs pax coming from Dubai with gold worth Rs 2.5 Cr + also seizes 7.5 kg of seahorses during vehicle checkGovt to give new award to certain ranks of Civil servantsVAT - Reimbursement received by dealer for supply of spare parts to its customers under warranty period, are not liable to VAT under Maharashtra VAT Act: HCIT - Where Revenue detects massive tax evasion through bogus bills, it cannot wash hands of it through mere additions: ITATIT - Failure to explain scientific method in determining the amount of performance bonus payable to employees can lead to its disallowance : ITATST - Demand of differential amount of service tax alleging that entire amount collected by PCO operator is subject to levy of service tax cannot sustain for period prior to 01.03.2011: CESTATIndia almost ready with Rs 600 Crore Chandrayaan-2Govt launches Study in India Portal for foreign studentsAfter issuance of SCN, write to noticees about availing window of Settlement Commission for early settlement of disputes - CBIC instructs fieldCBDT Diktat on Misconduct - But, Mr Prime Minister, Actual High-handedness lies in Revenue Target Fixation!
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[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
NEW DELHI

NOTIFICATION NO

3/2015-20, Dated: April 16, 2018

Subject: In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government hereby amends the import policy conditions of the following items under Exim Code 9022 of Chapter 90 of ITC (HS), 2017, Schedule - I (Import Policy) as under:

Exim Code
Item Description
Policy
Policy Conditions
Revised Policy Conditions
9022 12 00 Computed tomography apparatus Free   Imports are permitted subject to Atomic Energy Act, 1962 and Rules thereunder including prior regulatory clearance from AERB.
9022 14 10 X-ray generators and apparatus (non-portable) Free Diagnostic Medical X-Ray Equipment must conform to IS 7620 (Pt 1). Diagnostic Medical X - Ray Equipment must conform to IS 7620 (Pt 1). Imports are permitted subject to Atomic Energy Act, 1962 and Rules thereunder including prior regulatory clearance from AERB.
9022 14 20 Portable X-ray machine Free Diagnostic Medical X-Ray Equipment must conform to IS 7620 (Pt 1). Diagnostic Medical X - Ray Equipment must conform to IS 7620 (Pt 1). Imports are permitted subject to Atomic Energy Act, 1962 and Rules thereunder including prior regulatory clearance from AERB.
9022 30 00 X-ray Tubes Free   Imports are permitted subject to Atomic Energy Act, 1962 and Rules thereunder including prior regulatory clearance from AERB.
9022 90 10 X-ray valves Free   Imports are permitted subject to Atomic Energy Act, 1962 and Rules thereunder including prior regulatory clearance from AERB.
9022 90 20 Radiation generation units Free   Imports are permitted subject to Atomic Energy Act, 1962 and Rules thereunder including prior regulatory clearance from AERB.
9022 90 30 Radiation beam delivery units Free   Imports are permitted subject to Atomic energy Act, 1962 and Rules thereunder including prior regulatory clearance from AERB.

2. Effect of this Notification: Import of radiation generating components under Exim codes 9022 12 00, 9022 14 10, 9022 14 20, 9022 30 00, 9022 90 10, 9022 90 20 and 9022 90 30 of Chapter 90 of ITC (HS), 2017, Schedule - I (Import Policy), hereinafter, will be subject to prior regulatory clearance from AERB".

[F.No. 01/89/180/53/AM-01/PC-2(A)/Vol.II/E-2270]

(Alok Vardhan Chaturvedi)
Director General of Foreign Trade

 

[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
NEW DELHI

NOTIFICATION NO

2/2015-20, Dated: April 16, 2018

Subject: Incorporation of new HS codes for laying down import policy for Kabuli Chana, Bengal gram and Others under Exim Code 0713 of Chapter 07 of ITC (HS), 2017, Schedule - I (Import Policy).

In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government hereby incorporates new HS codes for laying down the import policy for Kabuli Chana, Bengal gram and Others under Exim Code 0713 of Chapter 07 of ITC (HS), 2017, Schedule - I (Import Policy) as under:

Exim Code
Item Description
Policy
Policy Conditions
0713 20 10 Kabuli Chana Free  
0713 20 20 Bengal gram (desi chana) Free  
0713 20 90 Other Free  

2. Effect of this Notification: New Exim code for Kabuli Chana, Bengal Gram and others are notified for incorporated in ITC(HS), 2017.

[Issued from F.No. 01/89/180/07/AM-18/PC-2(A)/E-6363]

(Alok Vardhan Chaturvedi)
Director General of Foreign Trade