BMC Advisors. MCA Update SEBI Update RBI Update. Income Tax Update IPR Update Service Tax. Excise Update Custom Update GST Update.

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1 Issue: June 2018 Vol. 6 No. 4 BMC Advisors Corporate Laws and Intellectual Property Rights Consultants MCA Update SEBI Update RBI Update Income Tax Update IPR Update Service Tax Excise Update Custom Update GST Update DGFT Update 1

2 WEEKLY UPDATES JUNE 18 th, JUNE 24 th,

3 INDEX MCA UPDATE Company (Accounting Standards) Amendment Rules, Corrigendum to the commencement notification of the Companies Amendment Act RBI UPDATE Priority Sector Lending Targets and Classification 6 Liberalised Remittance Scheme Harmonisation of Data and Definitions 7 Customer Service provided by agency banks 8 Control measures for ATMs Timeline for compliance 9-10 INCOME TAX UPDATE Notification No. 27/2018 [F. No. 275/27/2017-IT(B)] / SO 2938(E) 11 Notification No. 28/2018 [F. No. 275/27/2017-IT(B)] / SO 2939(E) 12 CUSTOM UPDATE Electronic sealing-deposit in and removal of goods from Customs Bonded warehouse Exchange Rates Notification No. 54/2018-Custom(NT) dated Cigarettes and other Tobacco products (Packaging and Labelling), Second Amendment Rules, reg. Seeks to increase the tariff rate on goods in chapters 7, 8, 28, 38, 72 and 73 in the First Schedule 20 to the Customs tariff Act, 1975 Seeks to further amend notification No. 50/2017-customs dated 30th June 2017, to prescribe effective rate of duty on specified goods Exchange Rates Notification No.55/2018-Custom(NT) dated Non Tariff notifications issued by Anti-Smuggling Unit 26 Non Tariff notifications issued by Anti-Smuggling Unit 27 GST UPDATE Notification issued for amending the CGST Rules, Seeks to modify Circular No. 41/15/2018-GST DGFT UPDATE Supply of essential commodities to the Republic of Maldives during Amendment in Foreign Trade Policy Clarification of SEIS benefits to Steamer Agents, etc 34 Prohibition on import of milk and milk products from China 35 3

4 MCA UPDATES [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY PART II, SECTION 3, SUB SECTION (i)] Ministry of Corporate Affairs NOTIFICATION New Delhi, the 18/06/2018 G.S.R (E ). In exercise of the powers conferred by clause (a) of sub-section (1) of section 642 of the Companies Act, 1956 (1 of 1956) read with section 210A and sub-section (3C) of section 211 and of the said Act, the Central Government, in consultation with National Advisory Committee on Accounting Standards, hereby makes the following rules to amend the Companies (Accounting Standards) Rules, 2006, namely :- 1. Short title and commencement.- (1) These rules may be called the Companies (Accounting Standards) Amendment Rules, (2) They shall come into force on the 1 st day of April, In the Companies (Accounting Standards) Rules, 2006, in the ANNEXURE, under the heading ACCOUNTING STANDARDS under Accounting Standards (AS) 11, for the paragraph 32, the following paragraph shall be substituted, namely :- 32. An enterprise may dispose of its interest in a non-integral foreign operation through sale, liquidation, repayment of share capital, or abandonement of all, or part of, that operation. The payment of a dividend forms part of a disposal only when it constitutes a return of the investment. Remittance from a non- integral foreign operation by way of repartriation of accumalated profits does not form part of a disposal unless it constitutes return of the investments. In the case of a partial disposal, only the proportionate share of the related accumalted exchange differences is included in the gain or loss. A write-down of the carrying amount of a non-integral foreign operation does not constitute a partial disposal. Accordingly, no part of the deferred foreign exchange gain or loss is recognised at the time of a write-down. [F.No. 17/151/2013-CL-V] K.V.R MURTY JOINT SECRETARY TO THE GOVERNMENT OF INDIA NOTE:- Principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), dated the 7 th December, 2006, vide G.S.R. 734 (E), dated the 7 th December, 2006, vide G.S.R. 914 (E), dated the 29 th December, 2011 and vide G.S.R. 364 (E), dated the 30 th March,

5 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB- SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS CORRIGENDUM New Delhi, the 21 st June, 2018 S.O. (E). In the notification of the Government of India, in the Ministry of Corporate Affairs, number S.O (E), dated the 13 th June, 2018, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), dated the 14 th June, 2018, at page 2, in line 8, for Section 22, read Clause (iii) of Section 21 and Section 22 [File No. 1/1/2018- CL.I-Part] (K.V.R. Murty) Joint Secretary to the Government of India 5

6 RBI/ /203 FIDD.CO.Plan.BC.22/ / RBI UPDATES June 19, 2018 The Chairman/ Managing Director & CEOs All Scheduled Commercial Banks (Excluding Regional Rural Banks and Small Finance Banks) Dear Sir/ Madam, Priority Sector Lending Targets and Classification Please refer to Para 6 of the Statement on Developmental and Regulatory Policies of the Second Bi-Monthly Monetary Policy Statement dated June 06, 2018 and Para 10.1 of Master Direction on Priority Sector Lending Targets and Classification dated July 7, 2016 (updated as on April 16, 2018), prescribing eligibility criteria of housing loans for classification under priority sector. 2. In terms of the above Master Direction, loans to individuals up to 28 lakh in metropolitan centres (with population of ten lakh and above) and 20 lakh in other centres, are eligible to be classified under priority sector, provided that the cost of dwelling unit does not exceed 35 lakh and 25 lakh, respectively. 3. With a view to bringing convergence of the Priority Sector Lending guidelines for housing loans with the Affordable Housing Scheme, and to give a filip to low-cost housing for the Economically Weaker Sections and Low Income Groups, the housing loan limits for eligibility under priority sector lending will be revised to 35 lakh in metropolitan centres (with population of ten lakh and above), and 25 lakh in other centres, provided the overall cost of the dwelling unit in the metropolitan centre and at other centres does not exceed 45 lakh and 30 lakh, respectively. 4. Furthermore, the existing family income limit of 2 lakh per annum, prescribed under Para 10.4 of the above Master Direction, for loans to housing projects exclusively for the purpose of construction of houses for Economically Weaker Sections (EWS) and Low Income Groups (LIG), is revised to 3 lakh per annum for EWS and 6 lakh per annum for LIG, in alignment with the income criteria specified under the Pradhan Mantri Awas Yojana. 5. All other terms and conditions specified under the Master Direction shall remain unchanged. Master Direction ibid, is being updated simultaneously to reflect the above changes. 6. The revised guidelines shall come into effect from the date of the Circular. Yours faithfully, (Gautam Prasad Borah) Chief General Manager-in-Charge 6

7 RBI/ /204 A.P. (DIR Series) Circular No. 32 June 19, 2018 To All Category - I Authorised Dealer Banks Madam / Sir Liberalised Remittance Scheme Harmonisation of Data and Definitions Please refer to paragraph 18 of the Statement on Developmental and Regulatory Policies of the Second Bimonthly Monetary Policy Statement for released on June 6, As indicated therein, it has been decided that furnishing of Permanent Account Number (PAN), which hitherto was not to be insisted upon while putting through permissible current account transactions of up to USD 25,000, shall now be mandatory for making all remittances under Liberalised Remittance Scheme (LRS). 2. Further, in the context of remittances allowed under LRS for maintenance of close relatives, it has been decided, in consultation with Government, to align the definition of relative with the definition given in Companies Act, 2013 instead of Companies Act, Master Direction No. 7/ dated January 01, 2016 on LRS is being updated simultaneously to reflect the above changes. 4. The directions contained in this circular have been issued under Sections 10(4), 11(1) and 11(2) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions/approvals, if any, required under any other law. Yours faithfully, (Shekhar Bhatnagar) Chief General Manager in Charge 7

8 RBI/ /205 DGBA.GBD.No.3214/ / June 21, 2018 All Agency Banks (dealing with pension payments) Dear Sir / Madam Customer Service provided by agency banks Please refer to our circular no.dgba.gad.h-3085/ / dated October 1, 2008 on the captioned subject. 2. We are receiving complaints from various quarters that pensioners are not being treated with due consideration by bank officials, specifically the old pensioners, when they come to the branches for pension related transactions. 3. Thus, all agency banks disbursing pension are advised to provide considerate and sympathetic customer service to the pensioners, specially to those pensioners who are of old age. Yours faithfully (Partha Choudhuri) General Manager 8

9 RBI/ /206 DBS(CO).CSITE/BC.5/ / June 21, 2018 To The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks (excluding Regional Rural Banks) All Small Finance Banks and Payment Banks White-Label ATM Operators Madam/Dear Sir, Control measures for ATMs Timeline for compliance Please refer to our confidential Circular DBS.CO/CSITE/BC.8074/ / dated April 17, 2017 (issued to banks) highlighting concerns about the ATMs running on Windows XP and/or other unsupported operating systems. A reference is also invited to our confidential Advisory No. 3/2017 dated March 06, 2017 and No. 13/2017 dated November 1, 2017 wherein the banks were advised to put in place, with immediate effect, suitable controls enumerated in the illustrative list of controls. 2. The slow progress on the part of the banks in addressing these issues has been viewed seriously by the RBI. As you may appreciate, the vulnerability arising from the banks ATMs operating on unsupported version of operating system and non-implementation of other security measures, could potentially affect the interests of the banks customers adversely, apart from such occurrences, if any, impinging on the image of the bank. 3. In order to address these issues in a time-bound manner, banks and White-Label ATM Operators are advised to initiate immediate action in this regard and implement the following control measures as per the prescribed timelines indicated there against: Sr. No. Control Measures for the ATMs To be completed by a. Implement security measures such as BIOS password, disabling USB August 2018 ports, disabling auto-run facility, applying the latest patches of operating system and other softwares, terminal security solution, timebased admin access, etc. b. Implement anti-skimming and whitelisting solution. March 2019 c. Upgrade all the ATMs with supported versions of operating system. Such upgrades shall be carried out in a phased manner to ensure that in respect of the existing ATMs running on unsupported versions of operating system, i. Not less than 25% of them shall be upgraded by September 2018 ii. Not less than 50% of them shall be upgraded by December 2018 iii. Not less than 75% of them shall be upgraded by March 2019 iv. All of them shall be upgraded by June A copy of this circular may be placed before the Board of Directors at its ensuing meeting, along with the proposed action plan for implementation of these measures. A copy of the Board-approved compliance/action plan in respect of aforesaid control measures may be sent to us latest by July 31, The progress made in implementation of these measure should be closely monitored to ensure meeting the prescribed timelines. As the implementation of the foregoing control measures would also require field visit(s) to the ATMs, banks should plan and implement these measures in an optimal manner. 5. It may be noted that any deficiency in timely and effective compliance with the instructions contained in this Circular may invite appropriate supervisory enforcement action under applicable provisions of the Banking Regulation Act, 1949 and/or Payment and Settlement Systems Act,

10 6. Please acknowledge receipt. Yours sincerely, (R. Ravikumar) Chief General Manager 10

11 INCOME TAX UPDATES MINSTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 18th June, 2018 No. 27/2018 (INCOME-TAX) S.O. 2938(E). In exercise of the powers conferred by clause (iib) of the proviso to section 193 of the Incometax Act, 1961 (43 of 1961), the Central Government hereby specifies the Power Finance Corporation Limited 54EC Capital Gains Bond issued by Power Finance Corporation Limited for the purpose of the said clause. Provided that the benefit under the said proviso shall be admissible in the case of transfer of such bonds by endorsement or delivery, only if the transferee informs Power Finance Corporation Limited by registered post within a period of sixty days of such transfer. [Notification No. 27/2018/F. No. 275/27/2017-IT(B)] SANDEEP SINGH, Under Secy 11

12 NOTIFICATION New Delhi, the 18th June, 2018 No. 28/2018 (INCOME-TAX) S.O. 2939(E). In exercise of the powers conferred by clause (iib) of the proviso to section 193 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the Indian Railway Finance Corporation Limited 54EC Capital Gains Bond issued by Indian Railway Finance Corporation Limited for the purpose of the said clause. Provided that the benefit under the said proviso shall be admissible in the case of transfer of such bonds by endorsement or delivery, only if the transferee informs Indian Railway Finance Corporation Limited by registered post within a period of sixty days of such transfer. [Notification No. 28/2018/F. No. 275/27/2017-IT(B)] SANDEEP SINGH, Under Secy. 12

13 CUSTOM UPDATES F.No. 484/3/2015-LC (Vol II) Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes & Customs Circular No. 19/2018- Customs Room No. 226, North Block, New Delhi Dated 18 th June 2018 To, Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/ Commissioners of Customs Subject: Electronic sealing- Deposit in and removal of goods from Customs bonded Warehouses Madam/ Sir, The Warehouse (Custody & Handling of Goods) Regulations, 2016, the special Warehouse (Custody & Handling of Goods) Regulations, 2016, Warehoused Goods (Removal) Regulations 2016 and Circular 17/2016-Cus prescribe the affixation of a one-time-lock for transport of goods to be deposited in a warehouse or removed therefrom. 2. The regulations require that goods arriving at the warehouse from a customs station shall be affixed with a one-time-lock with its serial number endorsed upon the bill of entry for warehousing and the transport document. The warehouse keeper or bond officer, as the case may be, is required to inspect the seal and when it is found intact, permit the goods to be unloaded at the warehouse. Circular 17/2016-Cus dated 14 th May 2016 prescribes that in case of removal of goods from a Customs station for deposit into a warehouse, the container or means of transport (close trucks) should be affixed with one-time-lock by the proper officer at the customs station. A similar procedure has been provided under the Warehoused Good (Removal) Regulations, 2016, for removal of warehoused goods from one warehouse to another and from a warehouse to custom station for export. Also, the Principal Commissioner of Customs/Commissioner of Customs is duly empowered to permit movement of goods without affixation of OTLs, where the nature of goods or their manner of transport so warrant (e.g. Liquid Bulk Cargo transported through Pipe Lines and Over Dimensional Cargo). 3. Subsequently, the Board has prescribed RFID self- sealing for export of containerized cargo. Circulars 36/2017, 37/2017 and 41/2017- Customs prescribe the use of RFID tamper proof one-time-bolt seal and providing of readers/ procedure for its use by Customs. It has now been decided by the Board that RFID sealing shall be extended to transport of goods for deposit in a warehouse as well as removal therefrom. Therefore, where ever the Warehousing Regulations (referred in para 1 above) prescribe affixing of a One Time Lock, the importer or owner of the goods shall use RFID anti-tamper one-time-locks (hereinafter referred as RFID OTL ). 4. The RFID OTLs shall be secured from the vendors whose names appear in the list placed on the website of the CBIC (please see weblink alongside to circular 36 & 37/2017 on Considering the fact that goods may be removed through a variety of vehicles, different types of RFID OTLs, such as bolt seals (already specified by circular 36/2017- Cus) or wire- cable seal shall be used. The specifications, data elements and procedure to be used under the Regulations for Warehousing shall be as follows: 13

14 4.2 Seals (i) For containers (RFID One-Time-Bolt Seal) As prescribed under circular 36/2017- Customs dated 28 th August 2017 (ii) For closed body vehicles (RFID Wire Cable Seal) (a) Each Seal shall be one-time-lock bearing a unique serial number and brand of the vendor in the format ABCD XXXX XXXX, where ABCD stands for the brand of the vendor and X (8 digit) is a numerical digit from 0-9. (b) The RFID seal shall conform to ISO 17712:2013 and ISO/IEC Class 1 Gen 2 which is globally accepted in industrial applications and can be read with the use of HUF (i.e. 860MHz to 960 MHz) Reader- Scanners. (c) The manufacturer or vendor, as the case may be shall be in possession of certifications required for conformance of the ISO standard ISO 17712:2013 namely, clauses 4, 5 and 6 (as applicable to cablewire seals) (d) Before commencement of sales, the vendor shall submit self-certified copies of the above certifications to the Risk Management Division (RMD). 4.3 Readers The specification of Readers to be deployed shall be prescribed under circular 41/2017- Customs dated Software & Application (a) The data elements to be captured in the web application in the case of removal goods from a customs station to a bonded warehouse shall be as follows: (i) IEC (Importer Exporter Code) (ii) Bill of Entry Number. (iii) Date (iv) RFID OTL number (v) Date of Sealing (vi)time of Sealing (vii) Container Number (where cargo is containerized or else not required) (viii) Registration number of vehicle (ix) Warehouse code (x) Customs location code (b) The data elements to be captured in the web-application in the case of removal goods from a warehouse to a customs station for export shall be as follows: (i) IEC (Importer Exporter Code) (ii) Shipping Bill Number (iii) Date (iv) RFID OTL number (v) Date of Sealing (vi)time of Sealing (vii) Container Number (where cargo is containerized or else not required) (viii) Registration number of vehicle (ix) Warehouse code (c) The data elements to be captured in the web application in the case of removal goods from a warehouse to another warehouse (Section 67): (i) IEC (Importer Exporter Code) (ii) Bill of Entry Number (iii) Date (iv)warehouse code (origin) (v) Warehouse code (destination) (vi) ) RFID OTL number (vii) Date of Sealing 14

15 (viii)time of Sealing (ix) Container Number (where cargo is containerized or else not required) (x) Registration number of vehicle 4.5 Procedure (a) All licencees of customs bonded warehouses shall have to procure Readers for scanning of RFID OTLs at the bonded warehouse at their own cost. (b) The licencee shall also procure RFID OTLs from the vendors for providing the same to importer, owner, exporter or in case of private bond warehouses for their own use. It is clarified that licencees are free to procure RFID OTLs from any one or more vendors. (c) The vendors shall be required to provide Readers to customs locations. Readers already deployed by vendors to Ports and ICDs for RFID sealing can also be used for this procedure. Air Cargo Complexes, CFS and LCSs are also covered under this procedure for transport of bonded goods. (d) Any importer permitted to remove goods for deposit in a warehouse shall obtain an RFID seal from the Warehouse where the goods are to be deposited. (e) Vendors shall ensure that the TID number is captured in their database and warehouse code of the licencee is linked to the same at the time of sale of seals. (f) Vendors shall ensure that data can be uploaded from internet enabled Readers as well as desktops. (g) Circular No 19/2016- Cus dated 20 th May 2016 prescribes that the importer shall declare the warehouse code in the Bill of Entry for warehousing. The Out of Charge officer releasing the cargo for deposit in a warehouse is advised to match the warehouse code declared in the bill of entry with that linked to the seal. This procedure shall dispense the need for securing any space availability certificates by importers. (h) The exporter of warehoused goods will be obligated to declare the physical serial number of the RFID OTL at the time of filling the online integrated shipping bill or in the case of manual shipping bill, before the container or cargo is dispatched from the warehouse. (i) In case the RFID OTL is found to be tampered at the Customs Station at the time of export, then mandatory examination would be carried out by the Customs authorities. (j) In case at the time of arrival of the goods at the warehouse, the RFID OTL is found to be tampered, then the licensee shall not permit unloading of the goods and shall inform the bond officer (Please refer subregulation 5 (1) and (7) of the Warehouse Custody & Handling of Goods) Regulation, 2016]. (k) Under Regulation (5) of the Warehoused Goods (Removal) Regulations 2016, the importer or owner is required t produce an acknowledgement of the due arrival of goods. A period of one month (or as extended by the proper officer) has been provided under the regulations for producing the acknowledgement, falling which, the owner of the goods is required to pay full duties along with interest, fine and penalty. With the introduction of the procedure contained in this circular, the trip report generated by scanning the RFID OTL at the destination customs station or warehouse, shall be printed and retained for records by the customs station, bond officer and licencee. This will enable discharge of the requirement of acknowledgement enjoined under the regulation (5). However, this is notwithstanding the obligation cast on the licensee under Warehouse (Custody & Handling Regulations 2016 for accountal of goods [Regulation (5) and (7) refer]. (l) For the purposes of risk management, if there is any inordinate delay in the due arrival of goods, the bond officer may be alerted by the customs station or vice versa. (m)where any procedure required that goods removed from a warehouse shall move under physical escort by customs (eg. As prescribed by circular 32/2016 regarding Duty Free Shops), the use of RFID OTL shall not apply. 15

16 5. The Principal Commissioner of Customs/ Commissioner of Customs is duly empowered to permit movement of goods without affixation of RFID OTLs, where the nature of goods or their manner of transport so warrant (e.g. Liquid Bulk Cargo transported through Pipe Lines and Over Dimensional Cargo). 6. The above procedure shall come into force with effect from 1 st August Clarifications, if any, may be sought from the Board. (Dr. Swati Bhanwala) OSD (Land Customs) 16

17 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 54/ Customs (N.T.) Dated the 19th June, Jyaistha, 1940 (SAKA) In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes and Customs hereby makes the following amendments in the Notification of the Central Board of Indirect Taxes and Customs No.49/2018-CUSTOMS (N.T.), dated 7th June, 2018, with effect from 20th June, 2018, namely: - In the SCHEDULE-I of the said Notification, for serial No.15 and the entries relating thereto, the following shall be substituted, namely: - SCHEDULE-I Sl.No. Foreign Currency Rate of exchange of one unit of foreign currency equivalent to Indian rupees (1) (2) (3) (a) (b) (For Imported Goods) (For Export Goods) 15. South African Rand [F.No.468/01/2018-Cus.V] (Dr. Sreeparvathy S.L.) Under Secretary to the Govt. of India TELE:

18 Circular No. 20/2018-Customs File No. 528/133/2011-STO (TU) Government of India Ministry of Finance Department of Revenue (Central Board of Indirect Taxes & Customs) Tariff Unit ****** New Delhi, Dated 20 th June,.2018 To, All Pr. Chief Commissioners/ Chief Commissioners of Customs/Customs (Preventive) All Pr. Chief Commissioners/ Chief Commissioners of GST, Central Excise and Customs All Pr. Directors General/ Directors General of CBIC Madam/Sir, Subject: Cigarettes and other Tobacco products (Packaging and Labelling), Second Amendment Rules, 2018-reg. Kindly refer to CBEC instructions vide F. No. 450/160/2009-Cus.IV dated and letters vide F. No. 528/133/2011-STO(TU) dated and sensitizing the officers about the Cigarettes and other Tobacco Products (Packaging and Labelling) Rules, 2008 and implementation thereof with regard to the specified health warnings on the cigarettes and other tobacco products. 2. Attention is also invited to Board s Circular No. 09/2017-Customs dated , Board s letter of even No. dated and Board s Circular No. 27/2017-Customs dated , on disposal of seized/ confiscated cigarettes of foreign origin vis-à-vis provisions of the Cigarettes and other Tobacco Products (Packaging and Labelling) Rules Now, MoH&FW vide Notification GSR 283 (E) dated has notified the Cigarettes and other Tobacco products (Packaging and Labelling) Amendment Rules 2018 (effective from ) which prescribe that: in Rule 5 the ibid Rules, after the proviso below sub-rule (3), the following sub-rule shall be inserted, namely: - (4) Notwithstanding anything contained in the sub-rule (1) to (3), if the specified health warnings provided in paragraphs 1 and 2 of the Schedule are not amended by the Central Government with new specified health warnings at the end of the rotation period of the next rotation period, then the existing specified health warnings for the second twelve months shall continue for a further period of till the 31st day of the August Thus, the existing specified health warning will continue till 31st August Further, the MoH&FW vide Cigarettes and other Tobacco Products (Packaging and Labelling) Second Amendment Rules, 2018 notified by G.S.R. 331 (E) dated has specified a new set of health warnings which shall come into force on the 1st day of September, In view of the above, it is requested that in addition to the existing statutory requirements, compliance of the amendments in health warning specifications prescribed by the COTP Amendment Rules, 2018 may also be ensured before clearance of import consignments or disposal of seized/confiscated tobacco products, including Cigarettes. 18

19 6. The Pr. Chief / Chief Commissioners / Directors General are requested to circulate the aforesaid amended guidelines to all formations under their charge for compliance. 7. Difficulties, if any, in implementation of the aforesaid guidelines may be brought to the notice of the Board. Encl. 1. Copy of Notification G.S.R. 283 (E) dated of MOH & FW; 2. Copy of Notification G.S.R. 331 (E) dated of MOH & FW. Yours faithfully, (Zubair Riaz) Director (Customs) 19

20 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB- SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 48/2018 Customs New Delhi, the 20 th June, 2018 G.S.R. (E).-WHEREAS the Central Government on being satisfied that the import duty leviable on goods, falling under Chapters 7, 8, 28, 38, 72 and 73 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), should be increased and that circumstances exist which render it necessary to take immediate action. Now, therefore, in exercise of the powers conferred by sub-section (1) of section 8A of the said Customs Tariff Act, the Central Government, hereby directs that the First Schedule to the said Customs Tariff Act, shall be amended in the following manner, namely:- In the First Schedule to the said Customs Tariff Act,- (1) in Chapter 7, for the entry in column (4) occurring against- (i) tariff items , and , the entry 70% shall be substituted; (ii) tariff item , the entry 40% shall be substituted; (2) in Chapter 8, for the entry in column (4) occurring against- (i) tariff item , the entry Rs 42/kg shall be substituted; (ii) tariff item , the entry Rs 120/kg shall be substituted; (iii) for tariff item , the entry 120% shall be substituted; (iv) tariff item , the entry 75% shall be substituted; (3) in Chapter 28, for the entry in column (4) occurring against- (i) tariff item , the entry 20% shall be substituted; (ii) tariff item , the entry 17.5% shall be substituted; (4) in Chapter 38, for the entry in column (4) occurring against- (i) tariff item , the entry 20% shall be substituted; (ii) tariff item , the entry 17.5% shall be substituted; (5) in Chapter 72, for the entry in column (4) occurring against- (i) tariff items and , the entry 27.5% shall be substituted; (ii) tariff items , , and , the entry 22.5% shall be substituted; (iii) tariff item , the entry 20% shall be substituted; (6) in Chapter 73, for the entry in column (4) occurring against tariff items , , , , , , , , , , and , the entry 25% shall be substituted. [F.No. 341/15/2018-TRU] (Mohit Tewari) Under Secretary to the Government of India 20

21 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB- SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 49/2018-Customs New Delhi, the 20 th June, 2018 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12) of section 3 of the Customs Tariff Act, 1975 (51 of 1975), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), No. 50/2017-Customs, dated the 30 th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide, number G.S.R. 785(E), dated the 30 th June, 2017, namely:- In the said notification, in the Table,- (1) after S. No. 14 and the entries relating thereto, the following serial number and entries shall be inserted with effect from the 4th day of August, 2018, namely:- (1) (2) (3) (4) (5) (6) 14A Artemia originating in the United States of 15% - - ; America (2) after S. No. 21 A and the entries relating thereto, the following serial numbers and entries shall be inserted, namely:- (1) (2) (3) (4) (5) (6) 21 B Bengal Gram (desichana) 60% C Chickpeas (garbanzos) 60% D Lentils (Mosur) 30% - - ; (3) after S.No. 24 and the entries relating thereto, the following serial numbers and entries shall be inserted, namely:- (1) (2) (3) (4) (5) (6) 24A All goods Rs. 35 per kg/ B All goods Rs. 100 per kg/- - - ; (4) after S. No. 26 and the entries relating thereto, the following serial number and entries shall be inserted, namely:- (1) (2) (3) (4) (5) (6) 26 A All goods 100% - - ; (5) after S. No. 32 and the entries relating thereto, the following serial number and entries shall be inserted, namely:- (1) (2) (3) (4) (5) (6) 32 A All goods 50% - - ; (6) in S. No. 169, for the entry in column (2), the following entry shall be substituted namely:- 21

22 (2) 28 (except , or ) ; (7) after S. No. 177 and the entries relating thereto, the following serial number and entries shall be inserted, namely:- (1) (2) (3) (4) (5) (6) 177A Boric Acid 7.5% - - ; (8) after S. No. 249 and the entries relating thereto, the following serial number and entries shall be inserted, namely:- (1) (2) (3) (4) (5) (6) 249A Diagnostic Reagents 10% - - ; (9) in S. No. 250, for the entry under column (3), the following entry shall be substituted, namely:- (3) All goods other than those at S. No. 250A ; (10) after S. No. 250 and the entries relating thereto, the following serial number and entries shall be inserted, namely:- (1) (2) (3) (4) (5) (6) 250A Binders for foundry moulds 7.5% - - ; (11) in S. No. 365, for the entry under column (3), the following entry shall be substituted, namely:- (3) All goods other than goods mentioned against serial numbers 371 and 371A ; (12) for S. No. 366 and the entries relating thereto, the following serial number and entries shall be substituted, namely:- (1) (2) (3) (4) (5) (6) (except , 7208, 7209, 7210, 7211, 7212, , , or ) All goods other than the following:- (i) goods mentioned against serial numbers 367, 368, 369, 370, 371, 371B and 376; (ii) seconds and defectives of goods falling under Chapter 72 5% - - ; (13) in S. No. 371, for the entry under column (3), the following entry shall be substituted, namely:- (3) All goods other than those at serial number 371A ; (14) after S. No. 371 and the entries relating thereto, the following serial numbers and entries shall be inserted, namely:- 22

23 (1) (2) (3) (4) (5) (6) 371A , All goods 12.5% B , , , All goods 7.5% - - ; (15) in S. No. 376, for the entry under column (3), the following entry shall be substituted, namely:- (3) All goods other than those at serial number 371B and seconds and defectives ; (16) after S. No. 376 and the entries relating thereto, the following serial number and entries shall be inserted, namely:- (1) (2) (3) (4) (5) (6) 376A All goods 5% - - (17) in S. No. 377, for the entry under column (3), the following entry shall be substituted, namely:- (3) All goods other than those at serial number 377A [other than screw ( ) and SIM socket / Other Mechanical items (Metal) ( ) for cellular mobile phone] ; (18) after S. No. 377 and the entries relating thereto, the following serial number and entries shall be inserted, namely:- (1) (2) (3) (4) (5) (6) 377A , , , All goods[other than screw ( ) and SIM socket / Other Mechanical items (Metal) ( ) for cellular mobile 10% - - ; 2. After the first proviso, the following proviso shall be inserted with effect from the 4th day of August, 2018 namely:- Provided further that nothing contained in entries against serial numbers 14,21B, 21C, 21D, 24A, 24B, 26A, 32A,177, 177A, 249A, 250A, 371A, 371B, 376A, and 377A of the said Table, shall apply to goods originating in the United States of America. 3. Save as otherwise provided, this notification shall come into force on the date of its issue by the Central Government for publication in the Official Gazette. [F.No. 341/15/2018- TRU] (Mohit Tewari) Under Secretary to the Government of India Note: The principal notification No.50/2017-Customs, dated the 30 th June, 2017 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide, number G.S.R. 785(E), dated the 30 th June, 2017 and last amended, vide, notification No. 47/2018 -Customs, dated the 14 th June, 2018, published, vide, number G.S.R.562 (E), dated the 14 th June,

24 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 55/ Customs (N.T.) New Delhi, dated the 21st June, Jyaistha 1940 (SAKA) In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Indirect Taxes and Customs No.49/2018-CUSTOMS (N.T.), dated 7th June, 2018 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 22nd June, 2018, be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods. SCHEDULE-I Sl.No Foreign Currency Rate of exchange of one unit of foreign currency equivalent to Indian rupees (1) (2) (3) (a) (b) (For Imported Goods) (For Export Goods) 1. Australian Dollar Bahrain Dinar Canadian Dollar Chinese Yuan Danish Kroner EURO Hong Kong Dollar Kuwait Dinar New Zealand Dollar Norwegian Kroner Pound Sterling Qatari Riyal Saudi Arabian Riyal Singapore Dollar South African Rand Swedish Kroner Swiss Franc UAE Dirham US Dollar SCHEDULE-II Sl.No. Foreign Currency Rate of exchange of 100 units of foreign currency equivalent to Indian rupees (1) (2) (3) (a) (b) (For Imported Goods) (For Export Goods) 1. Japanese Yen

25 [F.No. 468/01/2018-Cus.V] (Dr. Sreeparvathy S.L.) Under Secretary to the Govt. of India TELE:

26 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 56/2018- Customs (N.T.) New Delhi, the 22 nd June 2018 G.S.R. 581 (E).- In exercise of the powers conferred by sub-section (1) of section 156 of the Customs Act, 1962 (52 of 1962), read with clauses (n) and (u) of sub-section (2) of section 11 of the said Act, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following rules to amend the Intellectual Property Rights (Imported Goods) Enforcement Rules, 2007, notified by the Government of India in the Ministry of Finance (Department of Revenue), Notification No. 47/2007- CUSTOMS (N.T.), dated the 8 th May, 2007, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 331 (E), dated the 8 th May, 2007, except as respects things done or omitted to be done before such amendment, namely:- (1) (i) These rules may be called the Intellectual Property Rights (Imported Goods) Enforcement Amendment Rules, (ii) They shall come into force on the date of their publication in the official Gazette. 2. In the said rules,- (A) in rule 2,- (i) in clause (b), the words and figures patent as defined in the Patents Act, 1970, shall be omitted; (ii)) in clause, the words and figures the Patents Act, 1970, shall be omitted; (B) in rule 5, after condition (b), the following conditions shall be inserted, namely:- (c) the right holder or his authorized representative shall inform the Commissioner of Customs at the time of giving notice about any amendment, cancellation, suspension, or revocation of the Intellectual Property Laws or any court of Law or Appellate Board, subsequent to its registration with the authorities under the Intellectual Property Law and in case of any such amendment, cancellation, suspension, or revocation of the Intellectual Property Right during the validity of the notice registered under Rule 4, the same shall be brought to the notice of the Commissioner of Customs by the right holder within a period of one month of the date of communication of any such amendment, cancellation, suspension, or revocation of the Intellectual Property Right to the right holder or any person authorized by him in this regard; (d) in the event of any amendment, cancellation, suspension, or revocation of the Intellectual Property Right by the authorities under the Intellectual Property Law or by any Court of Law or Appellate Board, the Commissioner of Customs may accordingly amend, suspend or cancel the notice and the corresponding protection.. [F. No. 394/04/2018- Cus(AS)] (Rohit Anand) Under Secretary, Government of India Note: The notification No. 47/2007- CUSTOMS (N.T.) dated the 8 th May, 2007 was published in the Gazette of India, Extraordinary, vide number G.S.R. 331 (E), dated the 8 th May,

27 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION 3, SUB- SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 57/2018- Customs (N.T.) New Delhi, the 22 nd June 2018 G.S.R.582 (E).- In exercise of the powers conferred by section 11 of the Customs Act, 1962 (52 of 1962), the Central Government being satisfied that it is necessary in the public interest so to do, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 51/2010- CUSTOMS (N.T.) dated 30 th June, 2010 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 568(E), dated the 30 th June, 2010, except as respects things done or omitted to be done before such amendment, namely :- 1. In the said Notification, (i) clauses (iv) and (v) shall be omitted; (ii) in the Explanation, the words, figures and brackets the Patents Act, 1970 (39 of 1970), shall be omitted; 2. This notification shall come into force on the date of its publication in the Official Gazette. [F.No. 394/04/2018- Cus(AS)] (Rohit Anand) Under Secretary, Government of India Note: The Notification No. 51/2010- CUSTOMS (N.T.), dated the 30 th June, 2010, was published in the Gazette of India, Extraordinary, vide number G.S.R. 568 (E), dated the 30 th June,

28 GST UPDATES [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs Notification No. 28/2018 Central Tax New Delhi, the 19 th June, 2018 G.S.R (E).- In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government hereby makes the following rules further to amend the Central Goods and Services Tax Rules, 2017, namely:- (1) These rules may be called the Central Goods and Services Tax (Sixth Amendment) Rules, (2) Save as otherwise provided in these rules, they shall come into force on the date of their publication in the Official Gazette. 2. In the Central Goods and Services Tax Rules, 2017, - (i) in rule 58, after sub-rule (1), the following sub-rule shall be inserted, namely:- (1A) For the purposes of Chapter XVI of these rules, a transporter who is registered in more than one State or Union Territory having the same Permanent Account Number, he may apply for a unique common enrolment number by submitting the details in FORM GST ENR-02 using any one of his Goods and Services Tax Identification Numbers, and upon validation of the details furnished, a unique common enrolment number shall be generated and communicated to the said transporter: Provided that where the said transporter has obtained a unique common enrolment number, he shall not be eligible to use any of the Goods and Services Tax Identification Numbers for the purposes of the said Chapter XVI. ; (ii) in rule 138C, after sub-rule (1), the following proviso shall be inserted, namely:- Provided that where the circumstances so warrant, the Commissioner, or any other officer authorised by him, may, on sufficient cause being shown, extend the time for recording of the final report in Part B of FORM EWB-03, for a further period not exceeding three days. Explanation.- The period of twenty four hours or, as the case may be, three days shall be counted from the midnight of the date on which the vehicle was intercepted. ; (iii) in rule 142, in sub-rule (5), after the words and figures of section 76, the words and figures or section 129 or section 130 shall be inserted; (iv) after FORM GST ENR-01, the following FORM shall be inserted, namely:- FORM GST ENR-02 [See Rule 58(1A)] Application for obtaining unique common enrolment number [Only for transporters registered in more than one State or Union Territory having the same PAN] 1. (a) Legal name (b) PAN 28

29 2. Details of registrations having the same PAN Sl. No GSTIN Trade Name State/UT 3. Verification I hereby solemnly affirm and declare that the information given herein above is true and correct to the best of my knowledge and belief and nothing has been concealed therefrom. Signature Place:. Date: Name of Authorised Signatory Designation/Status For office use Enrolment no. - Date -. [F.No. 349/58/2017-GST (Pt.)] (Dr. Sreeparvathy S.L) Under Secretary to the Government of India Note:- The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i) vide notification No. 3/2017-Central Tax, dated the 19 th June, 2017, published vide number G.S.R 610 (E), dated the 19 th June, 2017 and last amended vide notification No. 26/2018-Central Tax, dated the 13 th June, 2018, published vide number G.S.R 549(E), dated the 13 th June,

30 Circular No. 49/23/2018-GST F. No. CBEC/20/16/03/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing **** New Delhi, Dated the 21 st June, 2018 To, The Principal Chief Commissioners / Chief Commissioners / Principal Commissioners / Commissioners of Central Tax (All) / The Principal Directors General / Directors General (All) Madam/Sir, Subject: Modifications to the procedure for interception of conveyances for inspection of goods in movement, and detention, release and confiscation of such goods and conveyances, as clarified in Circular No. 41/15/2018-GST dated reg. Circular No. 41/15/2018-GST dated was issued to clarify the procedure for interception of conveyances for inspection of goods in movement, and detention, release and confiscation of such goods and conveyances. 2. In order to clarify certain issues regarding the specified procedure in this regard and in order to ensure uniform implementation of the provisions of the CGST Act across all the field formations, the Board, in exercise of the powers conferred under section 168 (1) of the Central Goods and Services Tax Act, hereby issues the following modifications to the said Circular:- (i) (ii) In para 2 (e) of the said Circular, the expression three working days may be replaced by the expression three days ; The statement after paragraph 3 in FORM GST MOV-05 should read as: In view of the above, the goods and conveyance(s) are hereby released on (DD/MM/YYYY) at AM/PM. 3.0 Further, it is stated that as per rule 138C (2) of the Central Goods and Services Tax Rules, 2017, where the physical verification of goods being transported on any conveyance has been done during transit at one place within a State or Union territory or in any other State or Union territory, no further physical verification of the said conveyance shall be carried out again in the State or Union territory, unless a specific information relating to evasion of tax is made available subsequently. Since the requisite FORMS are not available on the common portal currently, any action initiated by the State tax officers is not being intimated to the central tax officers and vice-versa, doubts have been raised as to the procedure to be followed in such situations. 3.1 In this regard, it is clarified that the hard copies of the notices/orders issued in the specified FORMS by a tax authority may be shown as proof of initiation of action by a tax authority by the transporter/registered person to another tax authority as and when required. 3.2 Further, it is clarified that only such goods and/or conveyances should be detained/confiscated in respect of which there is a violation of the provisions of the GST Acts or the rules made thereunder. Illustration: Where a conveyance carrying twenty-five consignments is intercepted and the person-incharge of such conveyance produces valid e-way bills and/or other relevant documents in respect of twenty consignments, but is unable to produce the same with respect to the remaining five consignments, detention/confiscation can be made only with respect to the five consignments and the 30

31 conveyance in respect of which the violation of the Act or the rules made thereunder has been established by the proper officer. 4. It is requested that suitable trade notices may be issued to publicise the contents of this Circular. 5. Difficulties, if any, in implementation of the above instructions may be brought to the notice of the Board at an early date. (Upender Gupta) Commissioner (GST) 31

32 DGFT UPDATES To be published in the Gazette of India Extraordinary Part-II, Section - 3, Sub-Section (ii) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan Notification No. 12/ New Delhi, the 20 June, 2018 Subject: Supply of essential commodities to the Republic of Maldives during S.O.(E) In exercise of the powers conferred by Section 3 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992), as amended, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy (FTP) , the Central Government hereby allow the following quantities of Potatoes, Onions, Rice, Wheat Flour, Sugar, Dal and Eggs for export to the Republic of Maldives under bilateral trade agreement between Government of India and Government of Maldives during the period :- S. No. Item Quantity 1. Potatoes MT 2. Onions MT 3. Rice MT 4. Wheat Flour MT 5. Sugar MT 6. Dal MT 7. Eggs 11,18,09,090 nos. 2. Export of the above items shall be exempted from any existing or future restriction/ prohibition during the period to the Republic of Maldives. 3. Effect of this notification: Export of Potatoes, Onions, Rice, Wheat Flour, Sugar, Dal and Eggs has been permitted to the Republic of Maldives under bilateral trade agreement between Government of India and Government of Maldives during the period w.e.f April, 2018 as per the quantities indicated in the Table at Para 1 above. The export of above items to Republic of Maldives will be exempted from any existing or future restriction/ prohibition on export. (ALOK VARDHAN CHATURVEDI) Director General of Foreign Trade dgft@nic.in 32

33 [To be published in the Gazette of India Extraordinary Part-II, Section - 3, Sub-Section (ii)] Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Notification No. 13/ New Delhi, Dated: 20 th June, 2018 Subject: Amendment in Foreign Trade Policy S.O. (E): In exercise of powers conferred by Section 5 of FT (D&R) Act, 1992, read with paragraph 1.02 of the Foreign Trade Policy, , as amended from time to time, the Central Government hereby makes the following amendments in Paragraph 4.29 (vi) and (vii) of Foreign Trade Policy Paragraph 4.29 (vi) of Foreign Trade Policy is replaced as under: "Separate DFIA shall be issued for each SION." 3. Paragraph 4.29(vii) is replaced as under: "Export under DFIA shall be made from any port listed in Para 4.37 of Handbook of Procedures. However, separate application shall be made for EDI and non-edi ports. In case export is made from a non-edi port, separate application shall be made for each non-edi port." 4. Effect of this Notification: Paragraph 4.29 (vi) and Para 4.29(vii) of Foreign Trade Policy is replaced enabling exporters to file single DFIA application for exports made from any EDI port and separate applications for export made from each non-edi port. (Alok Vardhan Chaturvedi) Director General of Foreign Trade 33

34 GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT OF COMMERCE DIRECTORATE GENERAL OF FOREIGN TRADE Policy Circular No. 08 Date: 21 st June, 2018 Subject: Clarification on SEIS benefits to Steamer Agents, etc. This Directorate has received representations from Trade & Regional Authorities regarding eligibility of Steamer Agents for benefits under Service Exports from India Scheme. 2. The issue has been examined in this Directorate. On similar issue of eligibility of aggregator/actual service provider for benefits under SFIS/SEIS, this Directorate has earlier issued Policy Circular No. 6 dated In view of the instant references, it is clarified that Service Providers like Steamer Agents, etc. shall be entitled for benefits under Service Exports from India Scheme for the services exclusively rendered by them and for which the foreign exchange earnings (or INR payments as allowed under the scheme) are received and retained by them on this account. 3. Such Service Providers cannot claim benefits to the extent of free foreign exchange earnings (or INR payments as allowed under the scheme) simply routed through them for making payment for service charges with regard to services rendered by other service providers like Port Trust, etc. 4. The Actual service provider whether it is the Port Trust, or any other entity is required to get a certificate of receipt of payment for that particular service, from the entity which had received the foreign exchange earnings (or INR payments as allowed under the scheme) in its account in India. 5. This issues with the approval of the Director General of Foreign Trade. Lokesh H D Joint Director General of Foreign Trade 34

35 To be published in the Gazette of India Extraordinary Part-II, Section - 3, Sub-Section (ii) Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan, New Delhi Notification No 14/ Dated the 22 June, 2018 Subject: - Prohibition on import of milk and milk products from China, SO (E): In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, , as amended from time to time, the Central Government hereby, makes the following amendment in ITC (HS) 2017, Schedule 1 (Import Policy): 2. The prohibition on import of milk and milk products (including chocolates and chocolate products and candies/ confectionary/ food preparations with milk or milk solids as an ingredient) from China is effective till 23/06/2018 as per the Notification No. 10/ dated 22/06/ The matter has been reviewed and the prohibition on import of milk and milk products, as mentioned in paragraph 2 above, from China is extended for a further period of six months, i.e. till or until further orders, whichever is earlier. 4. Effect of this Notification: Prohibition on import of milk and milk products (including chocolates and chocolate products and candies/ confectionary/ food preparations with milk or milk solids as an ingredient) from China is extended for a further period of six months, i.e., till or until further orders, whichever is earlier. (ALOK VARDHAN CHATURVEDI) Director General of Foreign Trade dgft@nic.in 35

36 (Corporate Laws and Intellectual Property Rights Consultants) Delhi I Mumbai I Hyderabad I Kanpur Corporate Office: 63/12, First Floor, Main Rama Road, New Delhi Ph: /17, Mob: brijesh@bmcadvisors.in, brijesh@brijeshmathur.com Website: 36