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Circulars
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Modification to Public Notice No. 04/2017- Printing of EP Copy- reg.
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Printing of Export Promotion copies limited to eligible shipping bills; exceptional printouts provided on demand to facilitate trade.
Printed Export Promotion (EP) copies will be available only for shipping bills filed on or before the cutoff; an EP Copies Print Section at Punjab Convare is operational to clear pending printouts. Routine printing of transactional documents has been discontinued per the Board Circular, but exceptional printouts (e.g., manual BoEs or on insistence of importer/exporter) will be provided on demand. Other contents of the original Public Notice remain unchanged.
Rebate of State Levies (ROSL) on Export of made-up articles - Implementation by CBEC
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Rebate of State Levies on exports: CBEC issues implementation guidance for exporters, clearing agents and trade compliance.
Rebate of State Levies (ROSL) on export of made-up articles is being implemented through an administrative circular which provides procedural direction for operationalising ROSL; customs officers are to follow the circular's measures and exporters, clearing agents and the trading public are directed to consult the departmental website for the full text and guidance.
Seeks to further amend Notification No. 12/2012-Customs, dated the 17.3.2012 so as to carry out Budgetary changes. Details are contained in Joint Secretary (TRU - I) DO letter dated 31.1.2017
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Amendment to customs notification implements budgetary changes, requiring importers and clearing agents to follow issued guidance.
Seeks amendment of Notification No. 12/2012-Customs to implement budgetary changes through Notification No. 06/2017, which is issued for guidance to importers, clearing agents and the trading public and made available on the departmental website.
Seeks to reduce Basic Customs Duty from 10/7.5 % to 5% on all items of machinery required for (a) initial setting up of fuel cell based system for generation of power or for demonstration purposes and (b) for balance of systems operating on biogas or bio-methane or by-product hydrogen
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Customs duty reduction on machinery for fuel cell and biogas systems facilitates importation for setup and demonstration.
Basic Customs Duty reduced to 5% on machinery for initial setting up of fuel cell based power or demonstration systems and on balance of system components operating on biogas, bio methane or by product hydrogen; the change is notified by Notification No. 05/2017 customs and published for guidance of importers, clearing agents and the trading public via the Department of Revenue/CBEC website.
Seeks to further amend Notification No. 21/2012-Customs, dated the 17.03.2012 so as to specify the rate of additional duty of customs leviable under sub-section 3(5) of Customs Tariff Act, 1975 for items specified therein
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Additional duty of customs rates specified for listed imports, updating tariff obligations and guiding trade compliance.
Amendment to Notification No. 21/2012 Customs (Notification No. 04/2017) prescribes the rate of additional duty of customs leviable under sub section 3(5) of the Customs Tariff Act, 1975 for the items specified therein and is circulated to importers, clearing agents and the trading public for guidance and application in import clearance.
Seeks to further amend Notification No. 27/2011-Customs dated 1.3.2011
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Customs notification amendment provides amended trade guidance to importers, clearing agents and trading public on compliance.
Amendment of Notification No. 27/2011 Customs effected by Notification No. 03/2017 Customs dated 02.02.2017 is enclosed for guidance; importers, clearing agents and the trading public are directed to consult the amending notification available on the CBEC website to ensure awareness and compliance with the revised customs provisions.
Notification No. 02/2017-Customs dated 27.01.2017 seeks to further amend Notification No. 96/2008-Customs dated 13.08.2008 so as to prescribe a Margin of Preference of 60% for all goods failing under sub-heading [0802 801 under the Duty Free Tariff Preference (DFTP) scheme.
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Margin of Preference for certain DFTP imports increased, changing preferential tariff treatment under government notification.
Notification No. 02/2017-Customs amends Notification No. 96/2008-Customs by prescribing a Margin of Preference of 60% under the Duty Free Tariff Preference (DFTP) scheme for goods falling under the specified tariff sub heading, thereby extending preferential tariff treatment to eligible imports and advising importers and agents to consult the enclosed notification and departmental website for guidance.
seeks to further amend Notification no.153/93- Customs, dated 13th August, 1993
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Amendment to Customs Notification provides guidance for importers and clearing agents; revised rule text available online.
Notification No. 01/2017 amends Customs Notification No.153/93 and is circulated for guidance to importers, clearing agents and the trading public; the full amending notification is available on the central board's website and stakeholders are directed to consult the revised regulatory text for compliance.
Import of Point of sale (POS) terminal devices, its cells and batteries and labelling requirements thereof
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Import labelling requirements for POS terminals require compliance with prescribed circular guidance for importers and clearing agents.
Importation of Point of Sale (POS) terminal devices, their cells and batteries is subject to specified labelling and import compliance measures; importers and clearing agents are directed to follow the procedural and labelling directions set out in the departmental circular made available on the department website for detailed operational steps, documentation expectations, and compliance obligations.
The Director General, Revenue Intelligence, hereby appoints officers mentioned in column (5) of the Table below to act as a common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on officers mentioned in column (4) of the said Table in respect of notices mentioned in column (2) of the said Table for the purpose of adjudication of show cause notices mentioned in column (3) of the Table
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Appointment of common adjudicating authority: officers authorised to adjudicate specified customs show cause notices under departmental notification.
The Director General, Revenue Intelligence appoints specified officers as a common adjudicating authority to exercise the powers and discharge the duties of the officers listed in the Table for adjudication of the show cause notices identified in the Table, under Notification No. 05/2017 Customs dated 31.01.2017, with the notification made available on the departmental website for guidance to importers, clearing agents and the trading public.
Tariff value Notification in respect of Fixation of tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver
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Tariff value fixation for specified imports notified; importers and agents directed to apply prescribed values and consult the official notice online.
Notification No. 08/2017 customs fixes tariff values for specified imported commodities-edible oils, brass scrap, poppy seeds, areca nut, gold and silver-and prescribes those benchmark values for customs valuation and import clearance; the Department of Revenue has circulated the notification as a public notice to guide importers, clearing agents and the trading public and made the full text available on its website for application in customs declarations and valuation procedures.
The Director General, Revenue Intelligence, hereby appoints officers mentioned in column (5) of the Table below to act as a common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on officers mentioned in column (4) of the said Table in respect of notices mentioned in column (2) of the said Table for the purpose of adjudication of show cause notices mentioned in column (3) of the said Table
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Common adjudicating authority appointed to exercise delegated powers for adjudication of specified customs show cause notices.
The Director General, Revenue Intelligence appoints specified officers to act as a common adjudicating authority, empowering them to exercise the powers and discharge the duties of identified officers for adjudication of listed notices and corresponding show cause proceedings, with the delegation issued by central notification and published for guidance to importers, clearing agents and the trading public.
Seeks to notify the India-Japan Comprehensive Economic Partnership Agreement (Bilateral Safeguard Measures) Rules, 2017
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Bilateral safeguard measures under India Japan CEPA notified, requiring import compliance and customs procedure adjustments for traders.
Notification publishes the rules implementing Bilateral Safeguard Measures under the India Japan CEPA, enclosing Government Notification No. 07/2017 customs (N.T) and directing importers, clearing agents and the trading public to consult the notification and its procedures on the central board website for guidance on compliance and customs implementation.
Regarding grant of Presidential Award of Appreciation Certificate to the officers of the Customs & Central Excise on the eve of Republic Day, 2017
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Presidential Award of Appreciation notification issued to guide importers, clearing agents and the trading public on officer recognition.
The public notice announces the grant of the Presidential Award of Appreciation to Customs and Central Excise officers, references Notification No. 06/2017-Customs (N.T) and the originating file number, and states the notification is enclosed for guidance of importers, clearing agents and the trading public and is available on the departmental website.
De-notification of Customs Area 15275.8 Sq.mt.
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De-notification of Customs Area removes specified land from the notified customs area under Section 8(b) of the Customs Act.
De-notification of a portion of the previously notified customs area at AP M Terminals India Pvt. Ltd. is undertaken by administrative exercise of Section 8(b) of the Customs Act, partially modifying earlier public notices. The commissioner removes a specified parcel identified by survey number and bounded on all sides, thereby altering the extent of land designated for custodial import and export handling; the modification takes effect from the effective date stated in the notice.
Risk Management and Inter-bank Dealings: Permitting Non Resident Indians (NRIs) access to Exchange Traded Currency Derivatives (ETCD) market
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NRI access to exchange traded currency derivatives permitted to hedge Rupee exposure; designated banks must monitor and report positions.
Non resident Indians are permitted to transact in exchange traded currency derivatives to hedge Rupee currency risk from permitted current account transactions or Rupee denominated assets or liabilities, subject to terms and conditions. NRIs must designate an Authorised Dealer Category I bank to receive exchange/clearing transaction details, consolidate OTC and exchange positions, monitor aggregate exposure against underlying Rupee risk, and report transgressions; the onus of proving underlying exposure lies with the NRI and excess hedging may attract statutory penalties. Regulatory amendments and directions implement this framework.
Foreign Exchange Management Act, 1999 (FEMA) Foreign Exchange (Compounding Proceedings) Rules, 2000 (the Rules) - Compounding of Contraventions under FEMA, 1999
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Compounding of FEMA contraventions: regional offices now have expanded authority for delayed FLA filings; exceptions remain.
All Regional Offices of the Reserve Bank, except two specified offices, are authorised to compound delays in filing the Annual Return on Foreign Liabilities and Assets by Indian companies receiving foreign direct investment without any monetary limit; the two specified regional offices retain limited compounding authority while higher-value cases remain with the Central Office. Applications for compounding these contraventions must be submitted to the Regional Office of jurisdiction, and other contraventions continue to be filed with the Central Foreign Exchange Department. The modification is effective immediately and authorised dealers must inform constituents.
Framing of Central Assessments
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Reconciliation return compliance: Assessing authorities must complete central CST Form 9 assessments and verify online statutory forms before limitation.
Reconciliation returns in CST Form-9 for declarations of interstate sales against statutory forms C, F, H, E-I, E-II, I and J must be filed; assessing authorities are directed to complete the Form-9 assessment under section 9(2) of the CST Act read with section 32 of the DVAT Act for the year nearing its limitation. OHAs/SOHAs may allow objections or appeals based on deficiency of forms only after ensuring the contested forms have been filed online.
Mentioning of Minor Head Code for accounting of Refund
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Minor Head Code requirement: refund List of Payments must follow the prescribed format to ensure accurate accounting and weekly submission.
Use of the Annexure 9.5 List of Payments format is mandatory for refund and drawback entries so that the Minor Head Code (column for service-wise accounting) is provided; Commissionerates must send these LOPs to the respective Pay and Accounts Offices on a weekly basis as prescribed under Para-9.8.2 to avoid erroneous accounting.
Union Budget 2017 - Changes in Service Tax - reg.
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Service tax scope expanded by shifting certain manufacturing-process services from the negative list into exemption notification, altering valuation and exemptions.
Certain services previously exempt under the negative list are removed from that statutory list and are instead covered by the general exemption notification, with the statutory definition of process amounting to manufacture omitted and replicated in the notification; advance ruling provisions are realigned to the income-tax Authority for Advance Rulings with increased fees, extended pronouncement timelines, transfer of pending applications, and associated procedural amendments; repeal of the research and development cess law removes related service-tax exemptions, and amendments to valuation, exemption entries and CENVAT credit rules adjust scope, effective dates and administrative processes.

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