Page 3 - Exim Matters

Simpler rule on landing charges

Changes will help align custom valuation rules with WTO norms

T N C Rajagopalan: For better procedures in Customs clearance

There are delays from the Customs department with regard to system failure and network failure

T N C Rajagopalan: Budget changes in Customs law

This time, hardly any changes were made in the excise and service tax laws

T N C Rajagopalan: Prospects for the coming year

Many jobs in even the information technology sector could start moving to richer countries

T N C Rajagopalan: This hasn't been a year to cherish

The year's high point was amendment of the Constitution to enable introduction of GST

T N C Rajagopalan: Why EOUs are discriminated against

Export-oriented units manufacturing solar photovoltaic modules have a problem

T N C Rajagopalan: Ahead of law but worth noting

JNCH says, all B/E pertaining to 'Full Container Load' cargo, must be compulsorily filed in the ICES system as advance/prior B/E

TNC Rajagopalan: GST changes on excise matters

The changes made in the revised draft throw up fresh issues but, overall, most of these look sensible

Preparing for the promise of Trump

The election of Donald Trump as the next president of the USA has enhanced the uncertainties in the global trading environment

Seasonal call for positive stock!

In the World Bank report on 'Ease of doing business', India is static at 130 out of 190 countries but this is what they have to say on our Customs

DRI summons for no clear reason

DRI has issued a standard letter to many exporters, to return incentives availed of for shipments during 2014-15 for which the proceeds hadn't been realised within the prescribed time limit

Extra conditions for metal scrap import

The Director General of Foreign Trade (DGFT) has restricted the import of unshredded metallic scrap through only designated ports, having radiation portal monitors and container scanners, and the consignment is so examined in line with Customs protocol. However, any Inland Container Depot (ICD) can handle clearance of unshredded metallic scrap, provided this passes through any of the designated sea ports or any new ports to be notified from time to time,The present policy is to allow import of any form of metallic waste or scrap, as long as it doesn't contain any hazardous material, toxic waste, radioactive contaminated waste or scrap containing radioactive material, any type of arms, ammunition, mines, shells, live or used cartridges or any other explosive material in any form. The importer has to show a copy of the contract with the exporter which stipulates compliance to this effect.Also, a Pre-shipment Inspection Certificate from the authorised agencies must be presented, that the

Sand remains in the Customs grease

The finance ministry has amended the notification relating to re-import of exported goods, giving more time for re-import from Bhutan

A leg-up for trade but clarity eludes traders

Physical copies of advance authorisations registered at non-EDI Customs ports will continue to be debited manually

Change in law to ease exporters

The finance ministry has revised the declarations to be furnished by exporters who manufacture export goods by using inputs procured from domestic sources without payment of excise duty or under claim of rebate of excise duty paid on them. The amendment aims to remove an unnecessary difficulty that exporters face.Till September 17, 2010, the notifications governing duty drawback at All Industry Rates (AIR) provided that the rates of drawback in the drawback schedule would not be applicable to products manufactured or exported by availing the rebate of the central excise duty paid on materials used in the manufacture of export goods in terms of Rule 18 of the Central Excise Rules, 2002, or if such raw materials were procured without payment of central excise duty under Rule 19(2) of the Central Excise Rules, 2002. The exporters were required to give a declaration in form ARE-2 (the form they are required to fill out before removal of export goods manufactured from inputs they had procur

Rectifications such as these are welcome

This is a welcome dispensation. It will give needed relief to exporters who were facing duty demands, penalties and litigation

Tax rebates for garment export

The rebate will be disbursed by the Customs along with duty drawback

DGFT's sloppy and arbitrary decisions

The petitioners contended DGFT had powers only to clarify an existing provision and none to introduce a new provision in the Foreign Trade Policy (FTP) through a circular

New assessment rules remove security burden

The essence of the new guidelines is that importers having certification as AEO, public sector companies and govt undertakings will get a favourable dispensation by way of waiver of security or reduced security

New scheme for apparel export

The commerce ministry has notified a special advance authorisation scheme for articles of apparel and clothing accessories