Search Result for : Area Of Jurisdiction

Availability of fertilisers far exceeds the demand: Mandaviya

The Dollar Business Bureau The availability of overall fertilisers in the country is 129.92 lakh MT, which surpasses the overall demand of 95.84 lakh MT, said Minister of State for Chemicals and Fertilisers Mansukh L Mandaviya on Tuesday. “The availability of fertilisers far exceeds their requirement in the country,” Mandaviya said in a written reply to a question in Lok Sabha. “Nowadays, scarcity of fertilisers has become a thing of the past in the country which has been possible due to the visionary policies of current Government,” he added. The availability of urea, which is largely used by farmers in the country, is 80.28 lakh MT against the requirement of 63.64 lakh MT, informed Mandaviya. The availability of other fertilisers such as DAP (Diammonium phosphate) and NPK ...

Indias economy to grow at 7.2% in FY18: World Bank

The Dollar Business Bureau India’s economy is likely to grow at 7.2% in the current financial year, showing signs of revival from an expected slowdown to 6.8% in the last fiscal, said World Bank in a report on Monday. “The revision of forecast reflects a combination of the impact of demonetisation and an investment recovery that has proven more protracted than expected,” it said in its May 2017 India Development Update report. The multilateral investment agency estimated India’s gross domestic product (GDP) growth at 7.7% in 2019-20 and 7.5% during 2018-19. “Growth is likely to slowdown in the financial year 2016-17 as the momentum of October-December quarter shifts to the last quarter of January-March,” the report said. The World Bank report comes prior to the release ...

Jaitley to visit Paris on June 7, sign OECD convention on tax evasion

The Dollar Business Bureau  Finance Minister Arun Jaitley will be travelling to Paris to sign the multilateral convention of Organisation for Economic Cooperation and Development (OECD), next week. The convention is aimed at checking cross-border evasion of taxes by multinational companies (MNCs).  During the 3-day visit beginning June 7, the Finance Minister will also join the Ministerial Council Meeting, which will be attended by ministers from OECD countries and other partner countries to deliberate upon issues of global importance.  Earlier this month, the Union Cabinet had given the approval for signing the OECD’s multilateral convention.  The convention is a result of the base erosion and profit shifting (BEPS) project between OECD and G-20, to tackle what is used by MNCs via tax planning strategies by abusing ...

DGFT amends territorial jurisdiction of its Hyderabad office

The Dollar Business Bureau  Director General of Foreign Trade (DGFT) announced on Thursday that it has amended the territorial jurisdiction of its regional office at Hyderabad to Telangana only.  Currently, the territorial jurisdiction of its Hyderabad office includes Andhra Pradesh and Telangana excluding the areas in the jurisdiction of joint DGFT Visakhapatnam.  “In exercise of powers conferred under paragraph 2.04 of the Foreign Trade Policy, 2015- 2020, the DGFT hereby amends the Territorial Jurisdiction of Regional Office of DGFT at Hyderabad as notified vide Public Notice No.05/2015-2020 dated April 27, 2017 at S.No.37 of Appendix-1A of Foreign Trade Policy, 2015-20,” DGFT said in a public notice (No.08/(2015-2020).  DGFT, an attached office of the Commerce and Industry Ministry, is responsible for formulating and implementing the Foreign ...

Customs Notification for Purpose of Adjudicating the Cases

Dated May 26, 2015 | Copy of | Notification No.98/2015-Customs (N.T.) | In exercise of the powers conferred under section 4 and section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the officers mentioned in column (2) of the Table below as Principal Commissioner or Commissioner of Customs for the purpose of adjudicating the cases assigned to them by the Central Board of Excise and Customs by an Order in respect of officers mentioned in column (3) of the said Table, namely:- Sd/- (Anurag Sehgal) Under Secretary to the Government of India F.No.437/48/2014 Cus-IV Issued by: Ministry of Finance Department of Revenue (Central Board of Excise and Customs) New Delhi