UPDATE IN TAXATION FOR THE WEEK 20TH JULY TO 26TH JULY 2020
A. GOODS & SERVICES ACT
There are no Notifications, Circulars or Instructions issued by the CBIC GST Policy Wing in this week.
B. CUSTOMS
a. NOTIFICATIONS
i. Notification No. 60/2020 Cus (NT) dated 23rd July 2020
This Notification fixes Import Tariff Value for certain commodities falling under CTH 1511 (Crude/RBD Palm Oils); 74040022 (Brass Scrap); 12079100 (poppy Seeds); 71 or 98 (Gold and Silver in any form, coins, medallions etc) and 080280 (Areca Nuts).
(Clients are requested to contact TEAM MNA if any details in this respect are required)
ii. Notification No. 19/2020 Cus (ADD) dated 21st July 2020
Amends Notification No. 06/2019 Cus. (ADD) dated 28th January 2019 whereby Anti Dumping Duty was imposed on ‘Fluoroelastomers (FKM)’ falling under the tariff items 3904 50 90, 3904 69 90, 3904 90 00 and 3904 69 10 the Customs Tariff Act, 1975 (51 of 1975) originating in or exported from China PR and was effective for 18 Months from date of issue i.e. 27th June 2020.
The instant Notification brings in two following amendments:
- CTH 3904 90 00 is changed and amended to 3709 90 90; and
- Effective Date of the Principal Notification extended till 27th October 2020.
C. IMPORT – EXPORT RELATED – DGFT
a. NOTIFICATION
i. Notification No. 20/2015-2020 dated 21st July 2020.
This Notification Amends Notification No. 14/2015-2020 dated 22-06-2020 and the goods covered under Entry No 207A of the Schedule as under:
| Entry No in Schedule | ITC (HS) | Description |
| 207A | 901850
901890 9020 392690 621790 630790 |
Following Personal Protection Equipment (PPES) either as part of kits or as individual item:
1. Medical Coveralls of all Classes/Categories (Except Surgical drapes, isolation aprons, surgical wraps & X ray gowns). 2. Medical Goggles. 3. All masks other than non-medical/non- surgical masks (cotton, silk, wool, polyester, Nylon, Rayon, Viscose – Knitted, Woven or Blended). 4. Medical Nitrile/NBR Gloves. 5. Face Shields |
With this Amendment, products such as Surgical Drapes, Isolation Aprons, Surgical Wraps and X-Ray Gowns as well Non-Medical/Non-Surgical Masks of Cotton, Wool, Polyester, Nylon, Rayon, Viscoes etc., falling under above mentioned ITC (HS) are taken out of “prohibited” category, thus these products are now categorized under FREE.
b. PUBLIC NOTICE
i. Public Notice No. 14/2015-2020 dated 21st July 2020
This Public Notice informs Allocation of preferential quota of 10,000 MT of Sugar (Raw and/or white) under CXL Concession to European Union.
c. Trade Notices
i. Trade Notice No. 18/2020-21 dated 20th July 2020
Notification No. 16/2015-2020 dated 29-06-2020 restricted export of PPEs (Medical Coveralls) to quota of 50 Lakhs PPE Units/Per Month. However, all the applications received as per Trade Notice 17 dated 29-06-2020 were rejected as found ineligible.
This Trade Notice lays down fresh guidelines for making an application for quota for PPEs..
The important points of the guidelines are as under:
- From August Onwards, application to be filed between 1st to 3rd of the month ONLINE under ‘Non Scomet Restricted items’
- Application will be examined as per Para 2.72 of HBP.
ELIGIBILITY CRITERIA
- Copy of PO/Invoice to be submitted;
- Chartered Engineer’s Certificate certifying fabrics used in item s of Indian Origin;
- Copy of BIS (IS 17423:2020) or ISO 16603 Exposure level 3 or ISO 16604 Exposure Level 2;
- Copy of IEC
All documents should be self attested and only One Application per month. The License issued has 3 months validity only.
ii. Trade Notice No. 19/2020-21 dated 21st July 2020
This Trade Notice lays down procedure for Export of Sample of PPE Coveralls for COVID-19.
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