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Date: 19-04-2019
Subject: SpiceJet to induct six more Boeing 737s, launch 24 new flights
Stakeholders in the castor value chain, especially farmers, have a reason to cheer as spot prices of the commodity has crossed `1,100 per 20kg, first time after 2011.

At present, castor prices are hovering around `1,125 per 20 kg due to unprecedented demand. Sources say that crop size of the castor would be at least 20 to 30% less in the current season compared to the previous season. According to the survey conducted by the Solvent Extractors Association (SEA), castor production is estimated to be 11.26 lakh tonne compared to previous years’ 14.16 lakh tonne.

However, industries using castor in their multiple applications believe that due to lower sowing and unfavourable weather condition, this year castor crop wouldn’t be even 10 lakh tonne.

Since last three years, prices of castor have been subdued at around `700 to `800, and as a result of it, many farmers replaced castor with other crops in Gujarat and Rajasthan.

“Already arrival of castor has begun in the market yards of Gujarat. From April onwards on and average, around 1.75 lakh bags (85 kg/bag) are arriving in the market yards and being sold like hot cakes. Buyers are making a beeline despite high prices as they believe that farmers would sell their stock immediately due to good prices,” said a trader, adding that even export demand of crude castor oil is encouraging. Another reason for higher prices of the commodity is future contracts in castor on the platforms of commodity exchanges, he added.

Castor oil and its derivatives are used in many industries including air-condition, air-fuel, pharmaceutical, dyes & chemical, soap, paints, inks, plastic, perfumes and others. Gujarat contributes almost 80% in the total castor production of the country. Apart from Gujarat and Rajasthan, Telangana and Andhra Pradesh are major producers of castor.

Source: financialexpress.com

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Date: 27-11-2020
Notification No. 109/2020-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg

Date: 27-11-2020
Circular No. 52/2020-Customs
Exports of Gems and Jewellery through Courier mode - reg.

Date: 27-11-2020
Notification No. 40/2020-Customs (ADD)
Seeks to impose Anti-Dumping duty on Fluoroelastomers (FKM) originating in or exported from China PR for a period of 5 years, in pursuance of sunset review final findings issued by DGTR

Date: 26-11-2020
Notification No. 43/2020-Customs
Seeks to further amend notification No. 50/2017-Customs dated 30th June, 2017 so as to prescribe BCD rate of 27.5% on Crude Palm Oil

Date: 26-11-2020
Notification No. 39/2020-Customs (ADD)
Seeks to amend notification No. 51/2015-Customs (ADD), dated 21st October, 2015 to extend the levy of ADD on imports of "Fully Drawn or Fully Oriented Yarn/Spin Drawn Yarn/Flat Yarn of Polyester " originating in or exported from China PR & Thailand , for a further period upto and inclusive of 31st December, 2020

Date: 26-11-2020
Public Notice No. 30/2015-20
Revision of SION A1827 of Export Products - Ossein

Date: 23-11-2020
A.P. (DIR Series) Circular No. 07
Establishment of Branch Office (BO) / Liaison Office (LO) / Project Office (PO) or any other place of business in India by foreign law firms

Date: 20-11-2020
Circular No.51/2020-Customs
Clarifications regarding availment of exemption on temporary import of durable Containers - reg.

Date: 19-11-2020
Notification No. 60/2020-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 19-11-2020
Notification No. 61/2020-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

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