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CBDT notifies Income Computation & Disclosure Standard relating to accounting policies effective from AY 2016-17 (See 'Notification 33' in What's New') PM asks babudom to accelerate decision-making and avoid communication gaps among themselves e-Commerce Exports - customised fashion garments, toys, leather footwear etc having FOB of Rs 25000 per consignment to get incentive New FTP adds Vizag + Bhimavaram in list of Town of Export Excellence e-Commerce exports to be allowed under courier regulations from Delhi, Mumbai & Chennai only New FTP promises simpler procedure for exit of STP & EHTP Units & debonding Export of dual use items (SCOMET) - FTP extends authorisation period from one yr to two years Relief for EoUs - Period of five years for NEE extended by one year Effective Supply Chain - New FTP allows inter unit transfer of goods & services among EoUs, EHTPs STPs and BTPs DGFT to introduce facility for online application for refund of TED New FTP promises higher rewards for high domestic content and value addition EPCG Scheme - FTP reduces export obligation for domestic procurement Recognition of status holder - US Dollar in place of Rupee to be considered New FTP - Service Exports from India Scheme (SEIS) to reward all service providers located in India; No discrimination against foreign brands Nomenclature of Export House & Star Export House changed to One, Two, Three, Four & Five Star Export House DGFT says New FTP has gone for mega procedural simplification; If CAs file papers with digital signature NO physical documents required FTP - Boost to 'Make in India' - Lesser export obligations if greater local raw materials are used 852 New Tariff Lines added for receiving exports benefits New FTP - Chapter 7 goes to deemed exports & SEZ deleted New FTP - DGFT Pravir Kumar thanks CBEC for agreeing to 90% of their proposals SEZs to reap benefits from Merchandise Export Promotion Scheme E-Commerce export creating employment to be eligible for exports benefits Minister announces duty scrips under New Schemes to be fully transferable FTP 2015-2020 introduces TWO New Schemes - one for merchandise and other for services New FTP to encourage exports of labour-intensive, high-tech and eco-friendly products India's exports faces greater internal challenges than external: Commerce Minister OMCs reduce diesel price by Rs 1.21 per litre and petrol by 49 paise Govt to release Five-Year Foreign Trade Policy at 3.30 PM today; likely to merge many export promotion schemes & focus on services exports Govt releases Rs 2303 Cr to AP in addition to Rs 1803 Cr released on Mar 31 RBI okays ING Vysya & Kotak Mahindra Bank merger w.e.f today Service Tax could not be paid yesterday - Will Board extend time? (See 'DDT') Cus - merely on basis of Chartered Engineer's report, which is based on enquiry conducted behind appellant's back & which had not even been supplied to appellant, declared transaction value cannot be rejected: CESTAT by Majority (See 'Breaking News') Tariff Value of Gold, Silver Increased - oils, brass scrap, poppy seeds Tariff values reduced (See Cnt 34 in 'What's New') Income tax - Whether when it is clearly mentioned that amendment in the statute is substantive in nature, assessee has option to avail benefits even on retrospective basis - NO: Supreme Court (See 'Breaking News') Service Tax - Changes effective from today (See 'DDT') ST - Appellant vide letter addressed to CCE had sought direction as to whether their activities would attract ST & whether they are eligible for any exemption - SCN dt. 18.10.2013 demanding ST on said activities is blatantly time-barred: CESTAT (See 'Breaking News') ST - VCES - Order of Rejection Appealable? SC keeps issue for another day (See 'DDT')
 
Untitled Document

Public Notice

Government of India vide notification No. G.S.R.191 (E) dated 26 th March has issued Narcotics Drugs and Psychotropic Substances (Regulation of Controlled Substances) Order 2013 by which export and import of controlled substances mentioned in its schedule B' and C' require No Objection Certificate from Narcotics Commissioner, Gwalior prior to export/import of these substances. Methyl Ethyl Ketone (MEK) is one of them.

This has come to the notice of this Bureau that the firms are importing Methyl Ethyl Ketone (MEK) without obtaining No Objection Certificate (NOC) from the Narcotics Commissioner, Gwalior. All the Importers are therefore again reminded that prior to the import of the substances mentioned in Schedule C' of the said order shall apply and obtain NOC from the Narcotics Commissioner to avoid legal action. The firms intending to import MEK must apply for obtaining NOC with copy of agreement/contract/purchase order confirmation with the overseas seller. After obtaining the NOC the importer should start process of import. The importing of the material without obtaining NOC from the Narcotics Commissioner, Gwalior is illegal and liable to be seized under the provisions of the Narcotics Drug and Psychotropic Substances Act 1985. This applies to all the substances covered under the schedule B' and C' of the Narcotics Drugs and Psychotropic Substances (Regulation of Controlled Substances) Order 2013.

 

Central Bureau of Narcotics
19, The Mall Morar, Gwalior (M.P)
Ph. No. 0751-2368996/ 7
Fax: 0751- 2368111/ 577
e-mail: narcommr@cbn.nic.in

 
 
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