Loading...

⚠ ✕
❮ Top
☎ Help
☰
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback✕

Contact Us At :

✉ E-mail: [email protected]

✆ Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search ✕
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
╳
Add to...
You have not created any category. Kindly create one to bookmark this item!
✕
Create New Category
Hide
Title :
Description :
❮❮ Hide
❮ Default View
Expand ❯❯
Close ✕
🔎 Filters / Advanced Search ❯
TEXT

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In
Main Text + AI Text ❯
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ---- ❯
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ---- ❯
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ---- ❯
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
☰   Show Results ❯
    DRI seizes over seven kg amphetamine and three kg cocaine as it intensifies crackdown on drug trafficking in country; three arrested
    DRI seizes 13 kg foreign-origin gold worth around Rs. 19.41 crore and dismantles a gold smuggling syndicate in Gujarat; three arrested
    Department of Commerce Organises “Leveraging FTAs” Outreach Programme in Jaipur to Strengthen Export Opportunities
    Central Bureau of Narcotics (CBN) organises five drug awareness programmes for MP youth Mission Yuva Raksha
    DRI seizes massive 137 kg consignment of crystal meth; busts coastal drug trafficking network; 4 arrested in Tamil Nadu
    Optimization of Statutory Branch Auditors (SBAs) Costs and Acceleration of Centralized Audit Frameworks
    Clarification on Legislative Developments concerning Government’s shareholding in IDBI
    Introduction of e-Invoicing Facility for Recipient Generated Self Invoices under Reverse Charge Mechanism for Domestic Supplies from Unregistered Pers...
    DFS Organises Workshop on Reservation Policy for Public Sector Banks, Public Sector Insurance Companies and Public Financial Institutions
    APEDA Facilitates Export of 1.755 MT of Organic Palmyra Jaggery Powder from Tamil Nadu to Bulgaria
    Union Commerce and Industry Minister Shri Piyush Goyal Launches National Strategic Trade Command Centre at Vanijya Bhawan
    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman participates in the 114th meeting of the Development Committee Plenary of the W...
    Customs officers detect 148.67 kg hydroponic weed from Bangkok at air cargo complex at IGI Airport
    DRI seizes around 6.2 kg foreign-origin gold; busts sophisticated gold smuggling modus operandi through unaccompanied baggage; three arrested
    Central Bureau of Narcotics (CBN) U.P. Unit holds public hearing to address grievances of opium cultivators
    Directorate of Revenue Intelligence (DRI) and Central Bureau of Narcotics (CBN) destroy 2.87 Hectares (7.08 Acres) of illicit cannabis (ganja) cultiva...
    The cumulative exports (merchandise & services) during April-September 2026-27 are estimated at US$ 476.20 Billion, as compared to US$ 418.31 Billion ...
    Union Minister of Commerce and Industry Shri Piyush Goyal Calls on Youth to Drive India’s AI Journey
    CCI approves acquisition of majority stake in Tribhovandas Bhimji Zaveri Limited by GRT Jewellers (India) Private Limited
    CCI approves the acquisition of certain shareholding in Kids Clinic India by NuageLux BidCo S.à r.l
❮
❯
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

News
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
October 19, 2026
Show AI Summary
Narcotics trafficking enforcement led to airport and road interceptions, baggage concealment detection, seizures, and arrests under the NDPS framework.
Narcotics trafficking enforcement under the Narcotic Drugs and Psychotropic Substances Act, 1985, involved intelligence-led interceptions at Bengaluru and Delhi airports and near Nagpur. Passenger baggage and a backpack were examined, leading to the seizure of amphetamine and cocaine and the arrest of three passengers. The recoveries included amphetamine concealed in baggage, a ladies' suit and a backpack lining, and cocaine contained in transparent packets within baggage.
October 19, 2026
Show AI Summary
Gold smuggling syndicate enforcement traces concealed imports through airport handlers, illicit melting, and jewellery-market disposal under customs law.
Directorate of Revenue Intelligence enforcement action identified an organised gold-smuggling syndicate importing foreign-origin gold through Ahmedabad and Surat airports, followed by handover to handlers, intermediary routing, illegal melting, and cash-based supply through an Ahmedabad jewellery outlet. Further searches recovered undocumented foreign-origin gold bars and records concerning smuggled gold linked to a Dubai-based financier. The investigation identified interconnected roles across the movement, processing, and disposal of smuggled gold; three persons were arrested under the Customs Act, 1962.
October 19, 2026
Show AI Summary
Free trade agreement utilisation requires origin compliance, product standards, and documentation to secure preferential export market access.
Effective FTA utilisation requires businesses to identify eligible products and markets, assess tariff preferences and rules of origin, and meet applicable quality, certification, documentation and importing-country requirements. Preferential access under agreements with the UAE, Australia, EFTA countries and the United Kingdom remains subject to each agreement's provisions and implementation status. Tariff preferences may improve price competitiveness and facilitate participation in international supply chains where product- and partner-specific conditions are satisfied.
October 19, 2026
Show AI Summary
Drug prevention awareness initiatives engage students through health education, interactive activities and pledges supporting a drug-free society.
Mission Yuva Raksha advances preventive drug awareness and demand-reduction efforts among students through programmes at educational institutions in Madhya Pradesh. Sessions addressed the harmful effects of substance abuse on physical and mental health, education, family life and careers, supported by interactive learning activities. Participants were encouraged to avoid drugs, adopt healthy lifestyles, take pledges and support awareness initiatives in their schools, families and communities. Preventive education and youth engagement complement enforcement-oriented work through informed choices and community-based resistance to substance abuse.
October 19, 2026
Show AI Summary
Coastal narcotics trafficking enforcement addresses suspected maritime methamphetamine smuggling through seizure, asset recovery, and arrests under drug-control law.
Intelligence-led narcotics enforcement addressed suspected coastal storage and maritime transfer of methamphetamine to Sri Lanka. Searches recovered crystal methamphetamine concealed in foil packets within duffel bags, which was seized under the Narcotic Drugs and Psychotropic Substances Act, 1985. Searches also recovered suspected drug-sale proceeds and vehicles allegedly used in transportation. Persons allegedly involved in organising coastal export, transport, storage and logistics were arrested and remanded to judicial custody.
October 17, 2026
Show AI Summary
Centralised audit framework targets lower physical branch audit coverage while preserving regulatory oversight and maintaining remuneration.
For FY 2026-27, audit remuneration is to remain at existing levels. Member banks are advised to accelerate a centralised audit framework to improve cost efficiency while retaining comprehensive risk oversight. Physical statutory branch audit coverage should be reduced to cover 50% of total business, apart from centralised treasury audits. Audit coverage must align with SEBI listing and disclosure requirements and RBI guidelines, supported by a Board-approved policy for the centralised audit roadmap.
October 17, 2026
Show AI Summary
Promissory estoppel cannot prevent Government shareholding dilution where enacted legislation imposes no restriction on strategic disinvestment.
Government shareholding in IDBI may be reduced or divested because the IDBI (Repeal) Act, 2003 contains no restriction on dilution of the Government's stake. A proposed amendment to limit dilution was rejected and not incorporated into the enacted law. Parliamentary statements cannot override statutory text, and promissory estoppel cannot be invoked on the basis of legislative debate statements to prevent dilution of Government shareholding. Successive Union Budget speeches also reflected a policy of transformation and strategic disinvestment of IDBI Bank.
October 16, 2026
Show AI Summary
Recipient-generated e-invoicing under reverse charge enables eligible taxpayers to obtain IRNs for domestic unregistered supplies and imported services.
Eligible active registered recipients meeting the applicable aggregate annual turnover threshold may report recipient-generated self-invoices for specified reverse-charge domestic supplies from unregistered persons and imports of services. RCMDOM and RCMIMP must be selected as the relevant e-invoice supply types when reporting through an authorised Invoice Registration Portal. Submission and validation of prescribed invoice particulars would generate an Invoice Reference Number, subject to applicable GST provisions, notifications and e-invoice specifications.
October 16, 2026
Show AI Summary
Reservation Policy Implementation in public financial institutions was examined through capacity building, practical deliberations, and measures for consistent application.
Implementation of the Government of India's Reservation Policy across public sector banks, public sector insurance companies, sectoral regulators and public financial institutions was addressed through capacity building to support uniform and effective application. Deliberations considered practical implementation issues, operational challenges and actionable measures for consistent policy application, alongside related welfare measures and interactive discussion of implementation questions.
October 16, 2026
Show AI Summary
Organic agricultural export certification supports overseas market access for Palmyra Jaggery Powder through export-oriented producer linkages.
APEDA facilitated the maiden sea export of NPOP- and EU-certified organic Palmyra Jaggery Powder from Tamil Nadu to Bulgaria. The initiative seeks to diversify India's organic export basket, create market linkages for traditional Palmyra-based products, and improve producer access through export-oriented value chains. It covers organic cultivation and reports improved price realisation for participating farmers and the manufacturer compared with the domestic market. APEDA supports certified organic and value-added agricultural exports through market development, quality compliance, and overseas buyer linkages.
October 16, 2026
Show AI Summary
Data-driven trade governance enables integrated monitoring, application analysis and evidence-based policy inputs through the National Strategic Trade Command Centre.
The National Strategic Trade Command Centre provides an integrated analytics and visualisation platform consolidating trade data to monitor trade indicators, scheme performance, application pendency, processing timelines, regional trends and compliance-related parameters. It enables analysis across national trade performance, Regional Authorities, schemes, products, destination markets and individual applications, subject to role-based access permissions. Initial dashboards cover key trade-facilitation and regulatory processes, including SCOMET, export promotion schemes, certificates of origin, importer-exporter registration and restricted imports and exports.
October 16, 2026
Show AI Summary
Private capital mobilisation should use competitive financing, guarantees and risk mitigation to expand productive employment and productivity.
Private capital mobilisation is treated as essential to employment generation and productivity growth. Private enterprises, MSMEs and startups should remain central to job creation, with financing assessed by employment and productivity outcomes rather than volume. Guarantees, risk-mitigation instruments, local-currency financing and lower transaction costs are identified as means to expand affordable and predictable access to capital. Methodologies underlying governance indicators should be transparent, objective, evidence-based and responsive to diverse development experiences.
October 16, 2026
Show AI Summary
Narcotics smuggling through misdeclared air cargo triggered seizure, arrest, and ongoing investigation into concealed hydroponic weed imports.
A Bangkok-origin air-cargo consignment declared as PU Tubes was examined on suspicion of mis-declaration. Plastic spools were found to contain concealed cavities holding polythene-wrapped packets of compacted green substance, preliminarily identified as suspected ganja/marijuana and described as hydroponic weed. The concealed substance, packaging and concealment material were seized under the NDPS Act, 1985. One person was arrested, and follow-up searches produced leads for continuing investigation.
October 16, 2026
Show AI Summary
Unaccompanied baggage gold smuggling: concealed hardware and insider coordination triggered interception, seizure, and arrests under customs law.
Foreign-origin gold smuggling through the unaccompanied baggage channel involved concealment of gold within hardware items and coordinated retrieval through warehouse personnel and intermediaries. Intelligence-led interception resulted in recovery and seizure of foreign-origin gold concealed in a floor spring, metal locks, a grease gun and a door closer. The arrangement used a trolley secured by a pre-decided number-lock combination, with a warehouse staff member, mediator and receiver allegedly involved in delivery of the concealed gold.
October 16, 2026
Show AI Summary
Opium cultivation licensing grievance redressal advances through public hearings, administrative remedies, policy recording, and a planned cultivator helpline.
Opium cultivation licensing grievances were addressed through a public hearing where cultivators raised irrigation, climatic, single-plot licensing, and village-wise allocation concerns. Participants were informed of available legal provisions and administrative remedies. Requests for more licences and larger cultivation plots were considered, with policy matters recorded. A helpline is intended to assist cultivators during the 2026-27 licensing operation.
October 16, 2026
Show AI Summary
Illicit cannabis cultivation: crop destruction followed legal formalities, while investigation continues in a remote wildlife sanctuary.
Illicit cannabis cultivation was located by a joint DRI and CBN team across five stretches of remote, densely forested wildlife-sanctuary land near village Jamniapani, Shirpur, District Dhule, Maharashtra. The cultivation covered 2.87 hectares. Following requisite legal formalities, the cannabis crop was destroyed using a rotavator in the presence of Police and Forest Department officials. Investigation remains in progress.
October 15, 2026
Show AI Summary
Merchandise and services trade estimates show export growth, import expansion, and a wider combined trade deficit over the reporting period.
Combined trade estimates for April-September 2026-27 show exports of US$ 476.20 billion and imports of US$ 551.13 billion, resulting in a trade deficit of US$ 74.93 billion. Merchandise exports rose to US$ 259.89 billion, while merchandise imports reached US$ 437.53 billion. Estimated services exports were US$ 216.31 billion and services imports were US$ 113.60 billion, producing a services trade surplus of US$ 102.71 billion. September services figures are estimates, and specified earlier-period data were revised using quarterly balance-of-payments data.
October 15, 2026
Show AI Summary
Emerging technology skills and resilient supply chains are positioned as foundations for investment competitiveness and inclusive economic growth.
Ministerial policy priorities for India's trade, investment and technology agenda emphasise artificial intelligence, cybersecurity, technology adoption, manufacturing investment and lifelong skill development. Investment competitiveness is linked to political stability, resilient supply chains, and fair and transparent trading practices. The first tranche of a bilateral trade agreement with the United States has been finalised, while final contours and legal drafting continue before operationalisation.
October 14, 2026
Show AI Summary
Majority stake acquisition in the jewellery sector receives competition clearance for GRT Jewellers' purchase of Tribhovandas Bhimji Zaveri.
Competition Commission of India approved GRT Jewellers (India) Private Limited's proposed acquisition of a majority stake in Tribhovandas Bhimji Zaveri Limited. The transaction concerns entities operating in the Indian gems and jewellery market, including a private limited acquirer and a publicly listed target engaged in manufacturing and sale of gems and jewellery.
October 14, 2026
Show AI Summary
Minority shareholding acquisition in mother and baby healthcare receives competition clearance for a private equity-backed investment.
Competition Commission of India clearance authorises NuageLux BidCo S.a r.l. to acquire approximately 23% of the fully diluted shareholding in Kids Clinic India Ltd. The transaction constitutes an acquisition of a minority equity interest in a healthcare provider operating under the Cloudnine brand. NuageLux BidCo is a Luxembourg-incorporated private limited special purpose vehicle, ultimately controlled by Permira Holdings Ltd.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Back

All News

Customs, DGFT & SEZ

Interest Rates on Rupee Export Credit -UCBs

January 22, 2013

Contents
Plus +
Summary
Note

Note

-

Bookmark

Print

Print

RBI/2012-13/389

UBD.BPD. (AD) Cir.No.2 /13.05.000/2012-13

January 22, 2013

Chief Executive Officer

Scheduled Primary (Urban) Co-operative Banks (holding AD Category I licence)

Dear Sir/Madam

Please refer to circular UBD.BPD.(AD) Cir. No.8 /13.05.000/2011-12 dated June 26, 2012 extending the interest subvention on rupee export credit on specified export sectors till March 31, 2013.

2. The Government of India has decided to widen the scheme to include certain items covering the Engineering Sectors. The Scheme will be made available to the Engineering Sector on pre and post shipment export credit on the same terms and conditions as available to other sectors. A list of 134 tariff lines of Engineering products approved for inclusion in Interest Subvention for the period January 1, 2013 to March 31, 2013 is enclosed to this circular (Annex I).

3. Further it has also been decided to extend the interest subvention of 2% on rupee export credit on specified export sectors from April 1, 2013 to March 31, 2014. Accordingly, the interest subvention on pre-shipment and post-shipment rupee export credit is extended from April 1, 2013 to March 31, 2014 on the same terms and conditions as mentioned in our circular dated June 26, 2012 for the following sectors.

(i) Handicraft

(ii) Carpets

(iii) Handlooms

(iv) Small and Medium Enterprises (SMEs) (as defined in Annex II)

(v) Readymade Garments

(vi) Processed Agriculture Products

(vii) Sport Goods

(viii) Toys

(ix) 134 Tariff lines on Engineering Products (Annex I)

4. A Directive No.UBD.BPD.Dir. (Exp). No.9/13.05.000/2012-13 dated January 21, 2013, issued in this regard, is enclosed.

5. Claims for re-imbursement of subvention amount may be submitted to the Chief General Manager-in-Charge, Urban Banks Department, Reserve Bank of India, Central Office, Garment House, Worli, Mumbai 400 018 on a quarterly basis starting from quarter ended June 30, 2013 in the format as per Annex III. The amount of subvention will be calculated on the outstanding amount of rupee export credit from the date of disbursement up to the date of repayment or up to the date on which the outstanding export credit becomes overdue, whichever is earlier. The claims should be accompanied by an External Auditor's Certificate certifying that the claim for subvention of Rs. ………….. for the period ……………. (specify the quarter) is true and correct. Settlement of the claim will be done only on receipt of this certificate.

Yours faithfully

(A. Udgata)

Chief General Manager -in-Charge

Encl: as above


Annex I

Tariff Lines of Engineering Products approved for Inclusion for Interest Subvention

Sl.No.

ITC (HS)

Description

1

7301

SHEET PILING OF IRON OR STEEL, WHETHER OR NOT DRILLED, PUNCHED OR MADE FROM ASSEMBLED ELEMENTS; WELDED ANGLES, SHAPES

2

7309

RESERVRS & CONTAINRS FR ANY MATRL(OTHR THNCMPRSD / LIQD GAS)OF IRN / STL-CAPCTY>300 LTR NOT FITD WITH MECHNCL / THERMAL EQUIPMEN

3

7310

TANKS, DRUMS ETC & SMLR CONTNRS FOR MATERLS (OTHR THN CMPRSD / LQFD GAS)-CAPCTY<=300LTRNOT FITTED WTH MECHNCL OR THERML EQ

4

7311

CONTAINERS FOR COMPRESSED OR LIQUEFIED GAS, OF IRON OR STEEL

5

7314

CLOTH (INCLUDING ENDLESS BANDS), GRILL, NETTING AND FENCING, OF IRON OR STEEL WIRE; EXPANDED METAL OF

6

7315

CHAIN AND PARTS THEREOF, OF IRON OR STEEL

7

7316

ANCHORS, GRAPNELS AND PARTS THEREOF, OF IRON OR STEEL

8

7317

NAILS, TACKS, DRAWING PINS, CORRUGATED NAILS,

9

7318

SCRWES, BOLTS, NUTS, COACHSCREWS, SCREW HOOKS RIVETS, COTTERS, COTTER-PINS, WASHERS (INCL SPRING WASHERS) & SMLR ARTICLES OF IRN / STL

10

7319

SEWNG, KNITING NEEDLS,BODKINS,CROCHET BOOKSETC. & SMLR ARTCLS FOR USE IN HAND,OF IRN / STL;SAFETY PINS & OTHR PINS NES / INCLU

11

7320

SPRINGS AND LEAVES FOR SPRINGS, OF IRON OR STEEL

12

7321

STOVS, RANGS, GRATS, COOKRS, BARBECUS, BRAZIRS GAS-RINGS, PLATE WARMRS & SMLR NON- ELECTRICDOMESTC APPLIANCES & ITS PRTS OF I

13

7322

RADTRS FR CNTRL HTNG & ITS PRTS OF IRN / STLAIR HTRS & HT AIR DSTRBTRS NT ELCTRCLY HTD,INCORPRTNG MOTOR DRIVN FAN & ITS PR

14

7323

TABLE KITCHN OR OTHR DOMESTIC ARTCLS & ITSPARTS OF IRN / STL; IRN OR STL WOOL; SCOURERS OR POLISHNG PADS,GLOVS & LIKE OF

15

7324

SANITARY WARE AND PARTS THEREOF, OF IRON OR STEEL

16

7408

COPPER WIRE

17

7409

COPPER PLATES, SHEETS AND STRIP, OF A THICKNESS EXCEEDING 0.12.5 MM

18

7410

COPPER FOIL (W/N PRINTD OR BACKD WTH PAPR, PAPRBORD, PLSTCS OR SMLR BACKING MATERLS) OF A THICKNESS (EXCL BACKING)<=0.15 MM

19

7411

COPPER TUBES AND PIPES

20

7412

COPR TUBE / PIPE FITNG (CUPLNGS, ELBOWS, SLEVS)

21

7413

STRANDED WIRE, CABLES, PLATED BANDS AND THE LIKE, OF COPPER, NOT ELECTRICALLY INSULATED

22

7415

NAILS, TACKS, DRAWING PINS, STAPLES (OTHER THAN THOSE OF HEADING 8305) AND SIMILAR ARTICLES, OF COPPER OR OF IRON OR STEEL

23

7418

TABLE, KITCHEN OR OTHER HOUSEHOLD ARTICLES AND PARTS THEREOF, OF COPPER; POT SCOURERS AND SCOURING OR POLISHING PADS, G

24

7419

OTHER ARTICLES OF COPPER

25

7607

ALMNM FOIL(W/N PRNTD / BCKD WTH PAPR PAPRBOARD-PLSTCS ETC.) OF THCKNS (EXCL ANY BCKNG) NT EXCDNG 0.2 MM

26

7611

ALMNM RSVRS, TNKS, VATS ETC. FR ANY MATRL (EXCL CMPRSSD GAS) OF CPCTY>300L,W/N LND HT-INSLTD,BT NT FTD WTH MCHNL / THRML EQPMNT

27

7612

ALMNM CSKS, DRMS, CANS ETC(INCL CLPSBL TBLR CONTNRS) FR ANY MTRL(EXCL GAS), OF<=300L,W/ NW/N LIND BUT NT FTD WTH MHCHNCL / THRML EQU

28

7613

ALMNM CONTAINERS FOR COMPRESSED / LQFD GAS

29

7614

STRANDED WIRE, CABLES, PLAITED BANDS AND THE LIKE, OF ALUMINIUM, NOT ELECTRICALLY INSULATED

30

7615

TABL,KTCHN / OTHR HOUSLD ARTCLS & PRTS OF ALMNM, POT SCOURS & SCOURNG / POLSHNG PADS GLOVS & TH LIKE, SNTRY WRE & PRTS OF ALMNM

31

8201

HND TOOLS LIKE SPADES, SHOVELS, HOES, FORKS AXES & SIMLR SEWING TOOLS SECATRS-ANY KINDKNIVES, HEDGE SHEARS ETC USD IN AGR / FORSTRY

32

8202

HND SAWS; BLDES FOR SAWS OF ALL KINDS (INCLD SLITNG SLOTNG OR TOTHLES SAW BLADES

33

8203

FILES, RASPS, PLIERS (INCLUDING CUTTING PLIERS), PINCERS, TWEEZERS, METAL CUTTING SHEARS, PIPE-CUTTERS, BOLT CROPPERS

34

8204

HND OPRTED SPANERS & WRENCHS (INCLD TORQUE METER WRENCHS BUT NT TAP WRENCHS); INTER CHANGBLE SPANER SOCKETS WTH HANDLE OR NOT

35

8205

HND TOOLS (INCLD GLAZIERS'DIAMONDS) N.E.S. BLOW LAMPS; VICES, CLAMPS, OTHR THN ACSORS & PRTS OF MCHN TLS; ANVILS; PRTBLE FORGES ETC

36

8206

TOOLS OF TWO OR MORE OF THE HEADINGS 8202 TO 8205, PUT UP IN SETS FOR RETAIL SALE

37

8207

INTRCHANGBL TOOLS FOR HND TOOLS W/N POWR OPERATD OR FOR MACHIN TOOL(E.G. FOR PRESNG STAMPING ETC.) DIES FR DRILNG / BORNG TOOLS

38

8208

KNIVES AND CUTTING BLADES, FOR MACHINES OR FOR MECHANICAL APPLIANCES

39

8209

PLTES STIKS TIPS & LIKE FOR TLS, UNMOUNTD OF CERMETS

40

8210

HND-OPRETD MCHNCL APPLNCS WEIGHNG <=10KG. USED IN PRPRNG,CONDITNG, SERVNG FOOD / DRINK

41

8211

KNIVS WTH CUTNG BLADES, SERATD OR NT (INCL PRUNING KNIVES) OTHER THAN KNIVES OF HDG NO.8208 & BLADES THEREFOR

42

8212

RAZORS AND RAZOR BLADES (INCLUDING RAZOR BLADE BLANKS IN STRIPS)

43

8213

SCISORS TAILR'S SHEARS & SIMLR SHEARS & BLADES THEREFOR

44

8214

OTHER ARTICLES OF CUTLERY (FOR EXAMPLE, HAIR CLIPPERS, BUTCHERS OR KITCHEN CLEAVERS, CHOPPERS AND MINCING KNIVES, PAP

45

8215

SPOONS, FORKS, LADLES, SKIMMERS, CAKE- SERVERS, FISHKNIVES, BUTTER-KNIVES, SUGAR TONGS AND SIMILAR KITCHEN OR TABLEWARE

46

8402

STM / OTHR VAPR GNRTNG BOILRS (EXCL CNTRL HTNG HOT WATER BOILRS CPBL ALSO OF PRDCNG LOW PRESSURE STEAM);SUPER-HEATD WTR BOILRS

47

8403

CNTRL HTNG BOILRS EXCL OF HDG NO.8402

48

8404

AXLRY PLNT,USD WTH BOILRS OF HDG NO.8402 / 8403(E.G. ECNMSRS, SUPR-HTRS, SOOT-RMVR, GAS-RCVR); CNDNSR FR STM / OTHR VPR POWR UNIT

49

8405

PRDCR / WTR GAS GNRTRS, ACETLEN GAS GNRTRS & SMLR WTR PRCS GNRTRS, W/N WTH THEIR PURIFRS

50

8406

STEAM TURBINES AND OTHER VAPOUR TURBINES

51

8410

HYDRAULIC TURBINES, WATER WHEELS, ANDREGULATORS THEREFOR

52

8411

TURBO-JETS, TURBO-PROPELLERS AND OTHER GAS TURBINES

53

8415

AIRCONDTNG MCHNS, CMPRSNG MOTR-DRVN FAN & ELMNTS FR CHNG TMPRTR & HUMDTY, INCL THOSE MCHNS IN WHCH HUMDTY CANNT BE SPRTLY RGLT

54

8416

FURNC BURNRS FR LIQUID FUEL,FR PULVRSD SOLID FUEL / FR GAS; MCHNCL STOKRS, MCHNCL GRTS, MCHNCL ASH DISCHRGS & SMLR APPLNCS

55

8417

INDUSTRIAL OR LABORATORY FURNACES AND OVENS, INCLUDING INCINERATORS, NON- ELECTRIC

56

8418

RFRGRTRS, FRZRS & OTHR RFRGRTNG / FRZNG EQPMNT, ELCTRC / OTHR;HT PUMPS EXCL AIR CONDTNG MCHNS OF HDG NO.8415

57

8419

MCHNRY, PLNT / LABORATORY EQPMNT, W/N ELCTRCLYHEATD, FR HEATNG, COOKNG, ETC,EXCL MCHNRY FR DOMSTC PURPS; STORG WTR HEATRS, NON-ELCTRC

58

8420

CALENDERING OR OTHER ROLLING MACHINES, OTHER THAN FOR METALS OR GLASS, AND CYLINDERS THEREFOR

59

8421

CENTRIFUGES, INCLUDING CENTRIFUGAL DRYERS; FILTERING OR PURIFYING MACHINERY AND APPARATUS, FOR LIQUIDS OR GASES

60

8422

DISH WASHING MACHINES; MACHINERY FOR CLEANING OR DRYING BOTTLES OR OTHER CONTAINERS; MACHINERY FOR FILLING, CLOSING

61

8423

WEIGHING MACHINERY (EXCLUDING BALANCES OF A SENSITIVITY OF 5 CENTIGRAMS OR BETTER), INCLUDING WEIGHT OPERATED COUNTING OR CHEC

62

8424

MCHNCL APPLNCS (W/N HND-OPRTD) FR PRJCTNG, DSPRSNG LQDS / PWDR; FIRE EXTNGSHR, W/N CHRGD; SPRY GUNS & LIKE; STM / SND BLSTNG & SMLR MCHNS

63

8425

PULLEY TACKLE AND HOISTS OTHER THAN SKIP HOISTS;

64

8432

AGRCLTRL, HRTCLTRL / FRSTRY MCHNRY FR SOIL PRPRTION / CLTVTN; LAWN / SPRTS-GRND RLLRS

65

8433

HRVSTNG / THRSHNG MCHNRY INCL STRAW / FODR BLRS; GRASS MOWRS; MCHNS FR CLNG, SRTNG EGGS, FRUIT / OTHR SMLR PRDC EXCL MCHNRY OF 8437

66

8434

MILKING MACHINES AND DAIRY MACHINERY

67

8435

PRSSES, CRSHRS & SMLR, MCHNRY USD IN MNFCTR OF WINE, CIDER, FRUIT JUICES / SMLR BVRGS

68

8436

OTHR AGRCLTRL, HRTCLTRL, POLTRY / BEE-KEEPNG MCHNRY INCL GRMNTN PLNT FTTD WTH MCHNCL / THRML EQPMNT; POLTRY INCUBTRS & BROODRS

69

8437

MCHN FR CLNG, SRTNG SEED, GRAIN / LGMNS VGTBL; MCHNRY FOR MLNG INDSTRY / FR WRKNG OF CRL / DRIED LGMNS VEGTBLS, EXCL FARM-TYPE MCHNRY

70

8438

MCHNRY, N.E.S., FR INDSTRL PRPTN / MNFCTR OF FOOD / DRNK, EXCL MCHNRY FR EXTRCTN / PRPRTN OFANML / FXD VGTBL FATS / OILS

71

8439

MCHNRY FR MKNG PULP OF FIBROUS CELLULOSIC MTRL / FR MKNG / FNSHNG PAPER / PAPERBOARD

72

8440

BOOK-BINDING MACHINERY, INCLUDING BOOK-SEWING MACHINES

73

8441

OTHER MACHINERY FOR MAKING UP PAPER PULP, PAPER OR PAPERBOARD, INCLUDING CUTTING MACHINES OF ALL KINDS

74

8442

MCHNRY, APPRTS & EQPMNT (EXCL OF 8456 TO 8465), FR TYPE-FOUNDNG / TYPE-STTNG, FR PRPRNG PRNTNG BLKS, PLTS ETC; BLKS FR PRNTNG

75

8443

PRINTNG MACHNRY, INCL INK-JET PRINTNG MCHNSEXCL HDNG. NO 8471; MCHNS FR USES ANCILARY TO PRINTNG.

76

8444

MCHNS FR EXTRUDING, DRAWING, TEXTURING OR CUTTING MAN-MADE TEXTILE MATERIALS

77

8445

MCHNS FR PRPRNG TXTL FBRS; SPNG, TWSTNG ETC MCHNRY FR PRDCNG TXTL YRNS; MCHNS FR PRPRNGTXTL YRNS FR USE ON MCHNS OF 8446/8447

78

8446

WEAVING MACHINES (LOOMS)

79

8447

KNTNG MCHNS, STCH-BNDNG MCHNS & MCHNS FR MKNG GMPD YRN, TULLE, LACE, EMBRDRY,TRMMNG, BRAID / NET & MCHNS FR TFTNG

80

8448

AUXLRY MCHNRY USD WTH MCHNS OF HDG 8444, 8445,8446 / 8447; PRTS & ACCSSRS USD WTH THIS HDG / OF HDG 8444,8445,8446 / 8447

81

8449

MCHNRY FR MNFCTR OF FINSHNG OF FELT OR NON-WOVNS IN PIECE / IN SHAPS, INCL MCHNRY FRMKNG FELT HATS, BLOCKS FR MKNG HATS

82

8450

HOUSEHOLD OR LAUNDRY-TYPE WASHING MACHINES, INCLUDING MACHINES WHICH BOTH WASH AND DRY

83

8451

0THER PARTS OF HOUSEHOLD LAUNDRY TYPE MCHNETC & MCHNS FR APPLYNG PST TO BASE FBRC ETC; MCHNS FR RLNG, UNRLNG, FLDNG / CTTNG TXTL FBRC

84

8452

SEWNG MCHNS, EXCL BOOK-SEWNG MCHNS OF HDG NO 8440; FURNTR, BASES & COVRS SPCLY DSGND FOR SEWNG MCHNS; SEWNG MCHNS NEDLS

85

8453

MCHNRY FR PREPARING,TANG / WRKNG HIDES, SKINS / LTHR / FR MKNG / REPAIRNG FOOTWEAR / OTHR ARTCLS OF HIDES, SKINS ETC EXCL SEWNG MCHNS

86

8454

CNVRTRS, LADLS, INGOT MOULDS & CASTNG MCHNS USD IN METALLURGY / IN METAL FOUNDRIES

87

8455

METAL-ROLLING MILLS AND ROLLS THEREFOR

88

8456

MCHN-TOLLS FR WRKNG ANY MATRL BY RMVL OF MATRL, BY LASR / OTHR LIGHT / PHOTN BEAM, ULTRSONC ELCTRO-DSCHRG, ELCTRO-CHMCL,ETC

89

8457

MACHINING CENTRES, UNIT CONSTRUCTION MACHINES (SINGLE STATION) AND MULTI- STATION TRANSFER MACHINES FOR WORKING META

90

8458

LATHES (INCLUDING TURNING CENTRES) FOR REMOVING METAL

91

8459

MCHN-TOOLS (INCL WAY-TYPE UNIT HEAD MCHNS) FR DRLLNG, BORNG, MLLNG, THRDNG / TAPNG BY REMOVNG MTL, EXCL LATHS OF HDG NO. 8458

92

8460

MCHN-TOOLS FR DBURNGS, SHRPNG, GRNDNG, HNING POLSHNG / OTHRWS FINSNG MTL ETC, CRMTS BY GRNDNG STONS, GEAR GRNDNG MCHNS OF HDG NO.8

93

8461

MCHN-TOOLS FR PLNING, SHAPNG, SLOTNG, BROCHNG GEAR CUTNG / GRNDNG / FINSNG ETC WRKNG BY REMOVNG MTL, CERMETS N.E.S. / INCLUDED

94

8462

MCHN-TLS FR WRKNG MTL BY FORGN, HAMMRNG / DIE-STMPNG; FR WRKG MTL BY BENDNG, FOLDNG, ETC; PRSSES FR WRKNG MTL / MTL CRBDS, NES

95

8463

OTHER MACHINE-TOOLS FOR WORKING METAL, OR CERMETS, WITHOUT REMOVING MATERIAL

96

8464

MCHN-TOOLS FR WRKNG STONE, CERAMICS, CONCRETE, ASBESTOS-CEMENT / LIKE MNRL MTRLS OR FR COLD WRKNG GLASS

97

8465

MCHN-TOOLS (INCL MCHNS FR NAILNG, STAPLNG, GLUENG / OTHRWS ASSEMBLNG) FR WRKNG WOOD, CORK, BONE, HARD RUBBER, HARD PLASTICS ETC

98

8466

PRTS & ACCSSRS SUITBL FR USE WTH MCHNS OF HDG NOS8456 TO 8465,INCL WRK / TOOL HOLDRS, SLF-OPENG DIEHEADS, ETC; TOOL HOLDRS

99

8467

TOOLS FOR WORKING IN THE HAND, PNEUMATIC, HYDRAULIC OR WITH SELF-CONTAINED ELECTRIC OR NON-ELECTRIC MOTOR

100

8468

MCHNRY & APPRTS FR SOLDRNG, BRAZNG / WELDNG, W/N CPBL OF CUTNG, EXCL OF HDG NO. 8515; GAS-OPERTD SURFACE TAMPRN MCHNS & APPLNCS

101

8474

MCHNRY FR SORTNG, SCRENG, SEPARTNG, WASHNG, CRSHNG ETC OF MNRL SUBSTNCS, IN SOLID FORM MCHNS FR SHPNG MNRL FUEL & FRMNG MLDS OF

102

8475

MCHNS FR ASSMBLNC ELCTRC / ELCTRNC LAMPS, TUBES / VALVE / FLASH-BULBS, IN GLASS ENVELOPS, MCHNS FR MNFCTRNG / HT WRKNG GLASS / GLASSWAR

103

8476

AUTOMTC GOODS-VENDNG MCHNS (E.G. POSTAGE STAMP, CIGARETTE, FOOD / BEVERAGE MCHNS), INCL MONEY CHNGNG MCHNS

104

8480

MOULDING BOXES FOR METAL FOUNDRY; MOULD BASES; MOULDING PATTERNS; MOULDS FOR METAL (OTHER THAN INGOT MOULDS), METAL CARBIDES

105

8504

ELECTRICAL TRANSFORMERS, STATIC CONVERTERS (FOR EXAMPLE, RECTIFIERS) AND INDUCTORS

106

8505

ELCTRO-MGNT; PRMNENT MGNTS & ARTCLS TO MAKEPRMNENT MGNT; ELCTRO MGNTC / PRMNENT DEVICS ELCTRO MGNTC CLTCHS,BRKS & LFTNGH

107

8507

ELCTRC ACCUMLTRS, INCL SEPARATORS THEREFOR W/N RECTANGULAR (INCL SQ)

108

8508

VACUUM CLEANERS

109

8509

ELCTRO-MECHNCL DOMESTIC APPLIANCES WTH SELF-CONTAINED ELCTRC MOTOR

110

8510

SHAVERS, HAIR CLIPPERS AND HAIR-REMOVING APPLIANCES, WITH SELF-CONTAINED ELECTRIC MOTOR

111

8514

INDSTRL/LABORATORY ELCTRC (INCL INDUCTN/DIELCTRC) FURNACES ETC; OTHR INDSTRL/LABORATORY INDUCTN/DIELCTRC HTNG EQPMNTS

112

8515

ELCTR (INCL ELCTACLLY HTD GAS) LASER/OTHR LIGHT/PHOTON BEAM ETC, BRZNG/SLDRNG MCHNS ETC FR HOT SPRYNG OF MTLS/CERMETS

113

8516

ELCTRC WTR & IMRSN HTR; ELCTRC SPACES & HTNG APRTS; ELCTRO THRMIC HAIR DRSSNG APRTS & HND DRYRS; SMLR ELCTRC APLNCS FR DMSTC USE

114

8518

MCROPHONES & STNDS THRFR; LOUDSPKR, W/N MNTD HEADPHONE, EARPHONE & COMBND MCROPHONE/SPKRSETS; AUDIO FRQNCY AMPLFYR; SND AMPLFYR SETS

115

8519

TURNTABLES (RECORDDECKS) RECORD-PLAYERS CASSETTE PLAYERS ETC NT INCORPORATING A SOUND RECORDING DEVICE

116

8521

VIDEO RECORDING OR REPRODUCING APPARATUS, WHETHER OR NOT INCORPORATING A VIDEO TUNER

117

8522

PRTS & ACSSRS OF APPRTS OF HDGS NOS. 8519 TO 8521

118

8525

TRNSMISN APARATS FR RADIO, TELEPHNY ETC W/N INCRPRTNG RECEPTION APPRTS/SOUND RECORDING/REPRDCNG APPRTS; TV CAMERAS ETC

119

8526

RADAR APPARATUS, RADIO NAVIGATIONAL AID APPARATUS AND RADIO REMOTE CONTROL APPARATUS

120

8527

RECEPTION APPARATUS FOR RADIO-BROADCASTING WHETHER OR NOT COMBINED, IN THE SAME HOUSING, WITH SOUND RECORDING OR REPRODUCI

121

8528

RECEPTION APARATUS,WH/NOT INCORPRTNG RADIOBRODCST RECIVRS/SOUND/VIDEO RCORDNG/REPRODUCING APARATUS, VIDEO MONITORS ETC

122

8529

PRTS SUITBL FR USE SOLELY/PRNCPLLY WTH APPRTS OF HDGS NOS 8525 TO 8528

123

8531

ELCTRC SOUND/VISUAL SIGNLLNG APPRTS (E.G. BELLS SIRENS ETC.) OTHR THN THOSE OF HDG NO.8512/8530

124

8532

ELCTRCL CAPACITORS FIXD, VARIABLE/ADJUSTABLE (PRE-SET)

125

8533

ELCTRCL RESISTORS (INCL RHEOSTATS & POTENTIOMETERS) OTHR THN HTNG RESISTORS

126

8535

ELCTRCL APPRTS FR SWTCHNG/PROTCTNG ELCTRCLCIRCUITS ETC.(E.G. SWTCHS, FUSES, LIGHTNING ARRESTERS ETC) FR A VLTG EXCDG 1000 VOLTS

127

8536

ELCTRCLS APPRTS FR SWTCHNG/PRTCTNG ELCTRCLCIRCUITS ETC. (E.G. SWTCHS RELAYS ETC.) FOR A VOLTAGE NOT EXCDG 1000 VOLTS

128

8537

BORDS PANLS ETC EQUIPD WTH TWO OR MORE APPRTS OF HDG 8535/8536,INCL THOSE INCORPRTNG INSTRMNTS/APPRTS OF CH 90

129

8538

PRTS SUITBL FR USE SOLELY/PRINCIPALLY WTH THE APPRTS OF HDG NO.8535,8536/8537

130

8539

ELECTRIC FILAMENT OR DISCHARGE LAMPS, INCLUDING SEALED BEAM LAMP UNITS AND ULTRA-VIOLET OR INFRA-RED LAMPS; ARC-LAMPS

131

8540

THERMIONIC COLD CATHODE/PHOTO-CATHODE VALVES & TUBES (E.G. VACUUM/VAPOUR / GAS FILLED VALVES TUBES ETC.)

132

8541

DIODES, TRANSISTORS AND SIMILAR SEMICONDUCTOR DEVICES; PHOTOSENSITIVE SEMICONDUCTOR DEVICES, INCLUDING PHOTOVOLT

133

8542

ELCTRNC INTEGRTD CIRCUITS & MICRO-ASSMBLS

134

8543

ELCTRCL MCHNS & APPRTS, HVNG INDIVIDUAL FNCTNS N.E.S. IN THIS CHAPTER


Annex -II

Definition of SME

Enterprises engaged in the manufacture or production, processing or preservation of goods as specified below:

(i) A micro enterprise is an enterprise where investment in plant and machinery (original cost excluding land and building and the items specified by the Ministry of Small Scale Industries vide its notification No. S.O.1722 (E) dated October 5, 2006) does not exceed Rs. 25 lakh;

(ii) A small enterprise is an enterprise where the investment in plant and machinery (original cost excluding land and building and the items specified by the Ministry of Small Scale Industries vide its notification No. S.O.1722 (E) dated October 5, 2006) is more than Rs. 25 lakh but does not exceed Rs. 5 crore; and

(iii) A medium enterprise is an enterprise where the investment in plant and machinery (original cost excluding land and building and the items specified by the Ministry of Small Scale Industries vide its notification No. S.O.1722 (E) dated October 5, 2006) is more than Rs. 5 crore but does not exceed Rs. 10 crore.


Annex III

Rupee Export Credit for the period from ________ to _________

(to be submitted quarterly starting from quarter ended June 30, 2013)

(Pre-shipment Export Credit and Post -shipment Export Credit)

Category of Exporters

Total Rupee Export Credit granted at 2% less than the rates charged for other categories of Exporters

Amount of Subvention Claimed

(1)

(2)

(3)

(i) Handicrafts

 

 

(ii) Carpet

 

 

(iii) Handlooms

 

 

(iv) Small & Medium Enterprises (SME) (as defined in Annex II of circular No. dated January, 2013)

 

 

(v) Readymade Garments

 

 

(vi) Processed Agriculture Products

 

 

(vii) Sport Goods

 

 

(viii) Toys

 

 

(ix) 134 Tariff lines on Engineering Products (as defined in Annex I of
circular No. dated January ,2013)

 

 

Total

 

 

NB: Amount of subvention should be rounded off to the nearest rupees.

We certify having charged interest on the above loans at interest rates that are 2% below those charged for other categories of exporters by way of export credit to the eligible exporters as stated in the RBI circular No. UBD.BPD.PCB.Cir. No.___/13.05.000/2012-13 dated January____, 2013 during the period ________to ___________.

Dated : _____________

Name and Designation of Authorised Signatory


UBD.BPD.Dir. (Exp).No. 9/13.05.000/2012-13

January 21, 2013

Interest Rates on Rupee Export Credit

In exercise of the powers conferred by Section 21 and 35A of the Banking Regulation Act,1949 read with Section 56, and in partial modification of its Directive UBD.BPD.Dir.(Exp).No.4/13.05.000/2011-12 dated June 21, 2012, the Reserve Bank of India being satisfied that it is necessary and expedient in the public interest so to do, hereby directs that, the Interest Subvention Scheme on Rupee Export Credit has been widened to include certain items (mentioned in Annex I) covering the Engineering Sectors on pre and post shipment export credit on the same terms and conditions as available to other sectors for the period January 1, 2013 to March 31, 2013.

Further, it is also directed that with effect from April 01, 2013 up to March 31, 2014 scheduled primary (urban) co-operative banks holding AD category I licence will charge, for specified export sectors, interest at 2 percentage point below the interest rates charged from exporters in other categories of export sector, on the outstanding amount of rupee export credit from the date of disbursement up to the date of repayment or up to the date on which the outstanding rupee export credit becomes overdue, whichever is earlier.

Specified Sectors

1. Handicraft

2. Carpets

3. Handlooms

4. Small and Medium Enterprises (SMEs)(as defined in Annex II)

5. Readymade Garments

6. Processed Agriculture Products

7. Sport Goods

8. Toys

9. 134 Tariff lines on Engineering Products (Annex I)

(S Karuppasamy)

(Executive Director)

Topics

Acts Income Tax