With the Union Ministry of Finance reducing Customs duty on electricity generated and supplied from an SEZ into a Domestic Tariff Area (DTA) or non-processing areas of an SEZ, Adani Power Ltd (APL) is expected to gain up to Rs 1 crore/day. APL is setting up 4,620 MW power capacity at Mundra SEZ, out of [...]
Archive for the ‘Custom Duty’ Category
Adani Power likely to gain up to Rs 1 cr/day from Customs Duty cut
Posted by admin on September 9th, 2010
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Govt panel recommends Customs duty cut on rubber imports
Posted by admin on August 22nd, 2010
The Government-appointed panel to look into the problems of the rubber industry has recommended that the Customs duty on natural rubber imports be brought down to either Rs 20.46 for a kg or 20 per cent, whichever is lower. This comes as a major relief to the consuming industry which has seen a widening divide [...]
Heavy Industry Min: 14% customs duty on power equipment
Posted by khyati on August 4th, 2010
The Ministry of Heavy Industries and Public Enterprises said it has sought imposition of up to 14 per cent customs duty on import of power equipment to provide a cushion to domestic manufacturers like BHEL against cheaper imports. “That (import duty) recommendation my department has already made … I think the finance ministry will certainly [...]
Custom Circular: Import of Boric Acid – Clarification
Posted by khyati on August 4th, 2010
Customs Circular No.24/2010 F.No.528/9/2004-Cus(TU) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs 159A, North Block, New Delhi -110001. 4th August, 2010. To All Chief Commissioners of Customs / Customs (Prev.). All Chief Commissioners of Customs & Central Excise. All Commissioners of Customs / Customs (Prev.). All Commissioners of [...]
Custom Circular: Circular No.23 / 2010
Posted by khyati on July 29th, 2010
Circular No.23 / 2010-Customs F.No.401/104/2007-Cus.III Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs 159A, North Block, New Delhi -110001. 29th July, 2010. To All Chief Commissioners of Customs / Customs (Prev.). All Chief Commissioners of Customs & Central Excise. All Commissioners of Customs / Customs (Prev.). All Commissioners [...]
Custom circular on Import of ‘Worn Clothing’
Posted by admin on July 26th, 2010
Circular No.22 / 2010-Customs F.No.401/150/2010-Cus-III Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs 159-A, North Block, New Delhi – 110001. Subject: Import of ‘Worn Clothing’ – Instructions – regarding. Import of ‘worn clothing and other worn articles’ is restricted under ITC(HS) vide DGFT Notification No.7/2004-09 with effect [...]
