Tariff Notification No. 100/2022-Customs (N.T.) in respect of Fixation of Tariff Value for Edible Oils, Brass Scrap, Areca Nut, Gold and Silver In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes & Customs, being satisfied that it is…...
Signing of arrangement regarding Republic of Korea’s Economic Development Cooperation Fund (EDCF) loan to India
Signing of arrangement regarding Republic of Korea’s Economic Development Cooperation Fund (EDCF) loan to India The arrangement between Government of India and Government of Republic of Korea regarding the Economic Development Cooperation Fund (EDCF) loan of Korean Won 245.081 billion (approx. Rs. 1,495.68 crore) for Establishment of Intelligent Transport System on Nagpur-Mumbai Super Communication Expressway Project…...
Union Finance Minister Smt. Nirmala Sitharaman concludes pre-Budget meetings for forthcoming Union Budget 2023-24
Union Finance Minister Smt. Nirmala Sitharaman concludes pre-Budget meetings for forthcoming Union Budget 2023-24 Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired the pre-budget consultation meetings for Budget 2023-24 held in virtual mode from 21st to 28th November, 2022. The pre-budget meeting were concluded here today. More than 110 invitees representing 7 stakeholder groups…...
Government withdraws export duty on Steel
Government withdraws export duty on Steel The Central Government has restored the status quo as was prevailing prior to 22nd May,2022 and withdrawn the export duty on iron ores lumps & Fines below 58% Fe content, iron ore pellets and the specified steel products including pig iron. The import duty concessions on Anthracite / PCI coal,…...
Centre allows International Trade Settlements in Indian Rupees for Export Promotion Schemes under the Foreign Trade Policy
Centre allows International Trade Settlements in Indian Rupees for Export Promotion Schemes under the Foreign Trade Policy Decision to facilitate and ease international trade transactions in Indian Rupees The Government of India has made suitable amendments in the Foreign Trade Policy and Handbook of Procedures to allow for International Trade Settlement in Indian Rupees (INR)…...
Search and seizure action by Income Tax Department in Jharkhand
Search and seizure action by Income Tax Department in Jharkhand A search and seizure action was initiated by the Income Tax Department on few business groups engaged in coal trading/ transportation, execution of civil contracts, extraction of iron ore and production of sponge iron, on 04.11.2022. Those searched include two politically exposed persons and their…...
Indian Trade Service (ITS) officers conference – “Manthan 1.0” held Kevadia
Indian Trade Service (ITS) officers conference - “Manthan 1.0” held Kevadia Commerce Secretary urges ITS officers to develop specialisations in specific areas of international trade Conference brainstorms on sector and state wise strategy to boost exports from India The first ever conference of Indian Trade Service Officers “Manthan 1.0” was held at Kevadia, Gujarat. The…...
Shri Piyush Goyal chairs review meeting on exports with Export Promotion Councils and Industry bodies
Shri Piyush Goyal chairs review meeting on exports with Export Promotion Councils and Industry bodies • Commerce Minister exhorts Export Promotion Councils to strive to maintain the momentum of export growth • Asks Indian industry to support each other to create synergies and promote growth in a spirit of nationalism • Urges exporters to strive…...
Sale of Electoral Bonds at Authorised Branches of State Bank of India (SBI)
Sale of Electoral Bonds at Authorised Branches of State Bank of India (SBI) The Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated 2nd January 2018 (as amended vide Gazette Notification dated 7th November, 2022). As per provisions of the Scheme, Electoral Bonds may be purchased by a person (as…...
Central Consumer Protection Authority passes Order against Cloudtail for selling domestic pressure cookers in violation of mandatory BIS standards
Central Consumer Protection Authority passes Order against Cloudtail for selling domestic pressure cookers in violation of mandatory BIS standards CCPA directs Cloudtail to recall and reimburse the prices of 1,033 such pressure cookers sold to consumers and submit a compliance report in 45 days Cloudtail also directed to pay penalty of ₹1,00,000 for sale of…...