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MISDECLARATION OF MATERIAL
Some companies misuse duty-free import scheme: GTRI calls it 'licence to loot'The Duty-Free Import Authorization (DFIA) scheme, intended to lower exporter costs, is reportedly being exploited, becoming a "license to l...- FATF report links dual-use equipment seized by India in 2020 to Pakistan's defence agencyIndia confiscated equipment from a ship bound for Pakistan in 2020. The equipment is linked to Pakistan's National Development Complex. Thi...
- Pakistan caught red-handed again: FATF's new report exposes the dirty tricks of IslamabadThe Financial Action Task Force (FATF) has exposed Pakistan's use of mis-declared dual-use goods for its ballistic missile program, citing ...
- Nhava Sheva Customs intercepts 189 MTs of areca nuts, one heldIndian Customs seized 189.6 MTs of Areca Nuts valued at Rs. 9.63 crores in a crackdown on smuggling. The items were mis-declared in import ...
- DRI initiates probe into parts imports by wind energy companiesThe government offers several fiscal and financial incentives, including customs duty concessions, on certain components of wind-driven gen...
- Cases under probe for fraud, misdeclaration of material not to be covered under FTP's amnesty schemeThe government announced the new FTP on March 31. It included an amnesty scheme for exporters for one-time settlement of default in export ...
- GST authorities issue 50,000 showcause notices to companies across sectors following audit findingsAudits must be completed within a definite timeline to remove business uncertainty. A common audit manual for the Centre and states, instea...
- View: It's time India realises the economic perils of rising protectionismAatmanirbhar rests on two pillars: a production-linked incentive (PLI) for 14 selected industries, and a phased manufacturing programme (PM...
- China looms large in reports submitted by all eight groups of ministersThe GoM on manufacturing has even suggested formulating a model ‘Time-Bound Clearances Act’ for permissions to set up investment projects i...
- DRI sounds alert over smuggling of infrared thermometers into India from ChinaThe Directorate of Revenue Intelligence (DRI) official said there is information to suggest that smugglers may under-value or mis-declare t...
- Import of stainless steel from Indonesia grows nearly nine timesISSDA has requested the government to impose an ADD/CVD on imports of stainless-steel flat products from Indonesia, to counter Chinese impo...
- India to resolve stainless steel import dispute with MalaysiaIndian officials are scheduled to hold a meeting with their Malaysian counterparts to discuss ways of curbing misuse of Asean Free Trade Ag...
- ComMin frames policy for import of used clothes by SEZsUnits in the special economic zones (SEZs) importing used clothes for certain activities will have to ensure with proper certificates that ...
- Commerce Ministry floats draft norms for import of used clothes by SEZsThe ministry has circulated the draft guidelines to regulate functioning of worn and used clothing units in Special Economic Zones (SEZs).
- Govt considering allowing SEZ units to recycle plastic wasteThe government is considering allowing units in special economic zones (SEZs) to recycle plastic waste.
- CBI probes Rs 780 crore iron-ore transportation scamCBI is investigating a scam worth at least Rs 780 crore by a mining firm which allegedly defrauded the Railways in transportation of iron-o...
- FICCI to chalk out plan for technical textiles sectorA task force on technical textiles, set up by industry body FICCI, will submit its report to the government within three months on issues r...
- New labour rules to hit textile EOUsThe government is considering a ban on inter-unit job work facility for export-oriented units using polyester filament yarn as raw material.
- Clampdown on defective tin plate dumpingThe government is considering making the floor price for import of non-prime (defective) grade tin plates applicable to plates less than 60...
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