Blog Archives

CBIC Notifies Rate of Exchange of Foreign Currencies Wef 16.04.2021

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 7th May, 2021, vide Notification No. 46/2021-Customs (N.T.), Dated: 6thMay, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 46/2021 – Customs (N.T.) New Delhi, dated the 6thMay, 2021 16 […]

Exclusion of ‘Lakshmi Vilas Bank’ from Second Schedule to RBI Act, 1934

We advise that the Lakshmi Vilas Bank Ltd has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from November 27, 2020 vide Notification DOR.PSBD.No.1849/16.01.067/2020-21 dated December 17, 2020, which is published in the Gazette of India (Part III - Section 4) dated January 16 – January 22, 2021.

Reg. Investigation of Anti-dumping duty on imports of Certain Rubber Chemicals

Amendment to the Final Finding Notification No.15/05/2016-DGAD dated 02nd September, 2017 in Sunset Review investigation of Anti-dumping duty imposed on the imports of Certain Rubber Chemicals, namely, TDQ & PX-13 originating in or exported from the European Union and MOR and MBTS originating in or exported from the Peoples Republic of China.

Bank/NBFCs to allow account operation despite non updation of KYC

Due to Covid RBI Regulated Entities are advised that in respect of the customer accounts where periodic updation of KYC is due and pending as on date, no restrictions on operations of such account shall be imposed till December 31, 2021, for this reason alone, unless warranted under instructions of any regulator/ enforcement agency/court of […]

Definitive Anti-dumping duty on imports of Toluene Di-isocyanate

Seeks to impose definitive anti-dumping duty on imports of Toluene Di-isocyanate (TDI) having isomer content in the ratio of 80:20, originating in or exported from European Union, Saudi Arabia, Chinese Taipei and UAE, for a period of 5 years from the date of imposition of provisional ADD, i.e. 2nd Dec, 2020 vide Notification No. 28/2021-Customs […]

Notification No. 27/2021-Customs (ADD) Dated: 27.04.2021

Seeks to rescind the notification No. 43/2020-Customs(ADD) dated the 2nd December, 2020 vide Notification No. 27/2021-Customs (ADD) Dated: 27th April, 2021. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 27/2021-Customs (ADD) Dated: 27th April, 2021 G.S.R. 298(E).—In exercise of the powers conferred by sub-sections (2) and (5) of section 9A of the Customs […]

Report Major/Important cases on Daily Basis: CBIC instruct Officers

Customs field formations regularly make seizure/ commercial fraud cases. These cases are later on reported on a periodic basis on the DDM portal, though at times with delay and also informed through UO notes in important cases. Many of the cases made by the DRI/ Customs involve not only big seizures of prohibited goods or commercial frauds but at times assume larger importance due to involvement of foreign nationals, prominent persons, leading business houses or any other sensitive issue.

PM chairs meeting on increase in supply of oxygen & related equipment

The Prime Minister chaired a meeting to review steps taken to boost oxygen availability in the country. The PM emphasized that there was an immediate need to augment the supply of medical grade oxygen as well as equipment required for patient care both at home and in hospitals. PM stressed that all ministries and departments need to work in synergy to increase availability of oxygen and medical supplies.

CESTAT confirms Release of Drones, intended for Government to Fight Covid-19

Commissioner of Customs Vs Kamdar Global Solutions Pvt. Ltd. (CESTAT Chennai) It is noted that the goods were specifically imported for meeting the requirements during the pandemic. Drones were intended to be used for monitoring the public as to whether there is violation of the restrictions for travel and gathering of people. It is also […]

CBIC Notifies Rate of Exchange of Foreign Currencies Wef 16.04.2021

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 16th April, 2021, vide Notification No. 43/2021-Customs (N.T.), Dated: 15th April, 2021. Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 43/2021-Customs (N.T.) New Delhi, dated the 15th April, 2021 In exercise of […]

Anti-dumping duty on imports of Normal Butanol or N-Butyl alcohol

CBIC imposes anti-dumping duty on imports of Normal Butanol or N-Butyl alcohol originating in or exported from European Union, Malaysia, Singapore, South Africa and United States of America for a further period of 5 years vide Notification No. 21/2021-Customs (ADD) Dated 12th April, 2021. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 21/2021-Customs […]