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www.thedollarbusiness.com Vol.3 Issue 85 Monday, May 1, 2017 For subscribers only

2.8 $ Billion, Bilateral trade between India and Poland in 2016, a growth of 25% compared to previous year
48.24%growth in cashew exports in March 2017, compared to the same month in 2016, as per Ministry of Commerce, GoI

News update

Reduction in import duty on gold needed to cut gold smuggling, Niti

The report also called for sweeping changes in the four coded labour laws.

The Dollar Business Bureau

The government think-tank, Niti Aayog in its recent three-year action agenda draft has suggested that the government should reduce the import duty on gold.

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Won't be able to ratify BBIN motor vehicle pact: Bhutan

The MVA was proposed to reduce transport costs.


Bhutan has announced that it would not be able to ratify the Bangladesh, Bhutan, India, Nepal motor vehicles agreement for the time being and asked the other stakeholders to go ahead with the plan without it.

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Rs 11K-cr Eastern Peripheral E-way to complete in Aug: Gadkari

The greenfield project will divert around 2 lakh vehicles from the city.


India's first smart and green highway -- Eastern Peripheral Expressway -- for decongesting Delhi will be completed in August this year, Union Minister Nitin Gadkari said today.

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Indo-Cyprus tax treaty to boost economic ties: Arjun Meghwal

Minister of State for Finance addressed India-Cyprus business session

The Dollar Business Bureau

Arjun Ram Meghwal, MoS for Finance is happy about the India-Cyprus DTAA. After Mauritius, South Korea and Singapore, a revision in the Cyprus tax treaty will enable the government to block black money as well as adopt a rational tax structure.

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IMF thinks GST will propel India’s growth to over 8%

NPAs as early as March 2017 crossed the 7 lakh crore mark.

The Dollar Business Bureau

IMF believes that the reform of GST will pay-off, and help raise India grow beyond 8%. A senior IMF official was quoted in news reports as saying that the Indian government’s significant progress will support strong and sustainable growth.

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Circulars & Notifications

Import of Partially Oriented Yarn from China Dated 28th April, 2017 | Copy of | Notificatiion Sl.53 | Having regard to the Customs Tariff Act, 1975 as amended in 1995 and the Customs Tariff (Identification, Assessment and Collection ... Read more

Tariff Value of specified goods further revised No.42/2017 Dated 28th April, 2017 | Copy of | Notification NO.42/2017 | In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the ... Read more

Inclusion of Seaport located at Hazira Port as a registration Dated 27th April, 2017 | Copy of | Public Notice No.06/2015-2020 | In exercise of powers conferred under Paragraph 1.03 of the Foreign Trade Policy 2015-2020, as amended from time to ... Read more

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