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Weekly Trade Alert: 31 December – 5 January

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https://commercialbankleap.globallinker.com/bizforum/article/weekly-trade-alert-31-december-5-january/83259/
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Federation of Indian Export Organisations

150 வாரத்திற்கு முன்பு — 8 நிமிடம் படிக்க

Alerts from the Indian Trade Portal – www.indiantradeportal.in on Tariff/Preferential Tariff/ SPS and TBT measures/GST/Export incentives/Export-Import Policy Conditions etc. during the period: 31 December 2021 - 5 January, 2022 are given under. Please click on a notification for the details.

Trade Policy & Customs

India - Amends import policy conditions of gold under chapter 71 of ITC (HS), 2017

Notification Authority: Directorate General of Foreign Trade (Notification No. 49/2015-20)

Date: 05 Jan 2022

India - Includes relevant agencies like FIEO in stading grievance committee to adreess industry’s grievances

Notification Authority: Directorate General of Foreign Trade (Public Notice No. 44/2015-20)

Date: 05 Jan 2022

India - Notifies exchange rate of one unit of Turkish Lira equivalent to Indian rupees

Notification Authority: Central Board of Indirect Taxes & Customs (Notification No.106/2021 - Customs (N.T.))

Date: 03 Jan 2022

India - Notifies implication of the judgement in the case of M/s Westinghouse Saxby Farmer Ltd. Vs. Commissioner of Central Excise, Kolkata

Notification Authority: Central Board of Indirect Taxes & Customs (Instruction No. 01/2022 - Customs)

Date: 05 Jan 2022

India - Extends last date for submitting applications for scrip based FTP Schemes

Notification Authority: Directorate General of Foreign Trade (Notification No. 48/2015-20)

Date: 31 Dec 2021

India - Allows option to file manual applications for online applications for EODC/closure under Advance Authorisation Scheme (AAS)

Notification Authority: Directorate General of Foreign Trade (Trade Notice No. 28/2021-22)

Date: 31 Dec 2021

India - Notifies exchange rate of one unit of Turkish Lira equivalent to Indian rupees

Notification Authority: Central Board of Indirect Taxes & Customs (Notification No.106/2021 - Customs (N.T.))

Date: 30 Dec 2021

India - Amends FTA/PTA notification to align with HSN 2022

Notification Authority: Central Board of Indirect Taxes & Customs (Notification No. 60/2021 - Customs)

Date: 30 Dec 2021

India - Amends notification no. 45/2021-customs

Notification Authority: Central Board of Indirect Taxes & Customs (Notification No. 61/2021 - Customs)

Date: 31 Dec 2021

India - Amends the schedule for drawback on exports of goods

Notification Authority: Central Board of Indirect Taxes & Customs (Notification No. 108/2021 – Customs (N.T.))

Date: 31 Dec 2021

India - Fixes tariff value of edible oils, brass scrap, areca nut, gold and silver

Notification Authority: Central Board of Indirect Taxes & Customs (Notification No. 107/2021 – Customs (N.T.))

Date: 31 Dec 2021

GST

India - Supersedes notification 15/2021- CT(R) and amendsnotification no. 11/2017- CT (Rate)

Notification Authority: Central Board of Indirect Taxes & Customs (Notification No.22/2021- Central Tax (Rate))

Date: 31 Dec 2021

India - Supersedes notification 14/2021- CT(R) and amends notification no 1/2017- CT (Rate)

Notification Authority: Central Board of Indirect Taxes & Customs (Notification No.21/2021- Central Tax (Rate))

Date: 31 Dec 2021

India - Supersedes notification 15/2021- IT(R) and amendsnotification no. 8/2017- Integrated Tax (Rate)

Notification Authority: Central Board of Indirect Taxes & Customs (Notification No.22/2021-Integrated Tax (Rate))

Date: 31 Dec 2021

India - Supersedes notification 14/2021- IT(R) and amends Notification No 1/2017- Integrated Tax (Rate)

Notification Authority: Central Board of Indirect Taxes & Customs (Notification No.21/2021-Integrated Tax (Rate))

Date: 31 Dec 2021

India - Supersedes notification 15/2021- UTT(R) and amendsnotification no. 11/2017- Union territory Tax (Rate)

Notification Authority: Central Board of Indirect Taxes & Customs (Notification No.22/2021-Union Territory Tax (Rate))

Date: 31 Dec 2021

India - Supersedes notification 14/2021- UTT(R) and amends notification no 1/2017- Union territory Tax (Rate)

Notification Authority: Central Board of Indirect Taxes & Customs (Notification No.21/2021-Union Territory Tax (Rate))

Date: 31 Dec 2021

India - Publishes mechanism for filing of refund claim by the taxpayers registered in erstwhile Union Territory of Daman & Diu for period prior to merger with U.T. of Dadra & Nagar Haveli

Notification Authority: Central Board of Indirect Taxes & Customs (Circular No. 168/24/2021 - GST)

Date: 31 Dec 2021

Trade Remedies & Food

India - Notifies government’s decision of not accepting the recommendations on final findings on anti-dumping investigation concerning imports of “Cold Rolled/cold reduced flat steel products of iron or Non-Alloy Steel, or other Alloy Steel of all width and thickness - not clad, plated or coated” from China, Japan, South Korea and Ukraine

Notification Authority: Directorate General of Trade Remedies

Date: 05 Jan 2022

India - Notifies regarding PCN methodology on investigation concerning imports of "Hydrogen Peroxide" from Bangladesh and Thailand

Notification Authority: Directorate General of Trade Remedies

Date: 03 Jan 2022

India - Terminates sunset review investigation concerning imports of “Flexible Slabstock Polvol” from Thailand

Notification Authority: Directorate General of Trade Remedies

Date: 30 Dec 2021

India - Suspends M/s Megsan Labs Private Limited, Hyderabad, Telangana as a food sampling lab

Notification Authority: Food Safety and Standards Authority of India

Date: 31 Dec 2021

Click here for more details on Weekly Trade Alerts from 31 December 2021 - 5 January 2022 from the India Trade Portal.

Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the views, official policy or position of GlobalLinker.

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Federation of Indian Export Organisations

FIEO is the apex international trade promotion organisation of India. Directly and indirectly it represents the interest of over 200,000 exporters in India. FIEO has 17 offices in...

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