Data available as per custom notification 128/2004
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MUMBAI : The rupee weakened by 26 paise to 60.80 against the dollar at 10.50a.m. local time. The domestic lost 22 paise to over three-month low of 60.76 against the US dollar in early trade at the Interbank Foreign Exchange market today on increased capital outflows amid demand for the American currency from importers.
New Delhi/Singapore: India is scrambling to crack down on a new gold smuggling tactic that it fears could accelerate a flood of illegal imports of the precious metal into the world's second-biggest buyer.
Coimbatore : The South Tea Exporters Association has sought the intervention of the Tea Board to help them get the refund of value-added tax on time from the Commercial Tax Department. Association Chairman Dipak Shah said that the outstanding refund from the department has shot up to over Rs 13 crore. With exporters continuing to remit one per cent tax on sales, the refund from the department is mounting. He also said that out of the total exports of 100 million kg tea from the South, close to 70 per cent were done by the members of the association, and on payment of one per cent VAT.
Bangalore : Basmati shipments are likely to see a slowdown in the near-term as Iran, the largest buyer of the Indian aromatic rice, has hiked the import duty to around 40 per cent from 22 per cent. Iran accounted for over a third of India’s basmati exports in value and about 40 per cent in quantity last year. “There will definitely be an impact on our exports.
India's widening current account deficit (CAD) touched a historic high of 4.7 per cent of GDP in 2012-13, mainly due to rising imports of gold and petroleum products. Short-term measures of throttling supply and simultaneously raising customs duty achieved the desired result.
Iron-ore exports from India may drop for a fifth straight year as higher taxes and freight costs make shipments unviable, the country’s minerals lobby said.
A scenario where exports posted positive growth for the third consecutive month of Fiscal 2014-15, traditional export-oriented manufacturing sectors like Auto and Pharma are the ones which are most likely to gain traction due to revival in export markets.
The Department of Revenue, under the Ministry of Finance, Government of India, has issued a notification imposing anti-dumping duty on Purified Terephthalic Acid (PTA) ranging between US$ 19.05 per ton to $117.09 per ton, on imports from China, South Korea, Thailand and the European Union. with effect from July 25, 2014.
Steel major JSW SteelBSE -0.11 % today said it has prepared a blue print to increase overall steel capacity to 40 million tonnes per annum by 2025 in order to retain market share of 13-14 per cent.
The Indian rupee has opened lower at 60.24 a dollar on Thursday, down 18 paise compared to previous day's closing value of 60.06 per dollar.
In exercise of the powers conferred by sub-rule(4) of rule 7 of the Service Tax Rules,
G.S.R. _(E). –WHEREAS in the matter of Phthalic Anhydride (hereinafter referred to as the subject goods), falling under Chapter 29 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975),
G.S.R 65 (E). -Whereas, the designated authority vide notification No. 15/15/2012-DGAD, dated the 24th January, 2013, published in Part I, Section 1 of the Gazette of India, Extraordinary, dated the 24th January, 2013,
G.S.R. (E). –WHEREAS in the matter of Meta Phenylene Diamine (hereinafter referred to as the subject goods),
G.S.R. (E). -Whereas, the designated authority vide notification No. 15/22/2011-DGAD, dated the 24thFebruary, 2012, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 24th February, 2012,
G.S.R (E). -Whereas, the designated authority vide notification No. 15/1009/2012-DGAD, dated the 23rd March, 2013,
Issued under sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962), the Board hereby assigns the Show Cause Notice F. No. VIII/26/193/2012-DRI & VIII/48/31/2012-DRI dated 04.03.2013 issued by Additional Director General, Directorate of Revenue Intelligence,
S.O.(E) In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992), read with paragraph 2.1 of the Foreign Trade Policy,