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Agri Picks Report: Geojit.


Date: 13-08-2020
Subject: Agri Picks Report: Geojit
The Consultative Committee on Plantation Associations has written to Commerce Minister Piyush Goyal asking for a status quo on import duty of tea at 100%, following reports that a few importers asked for a cut in the duty. The Organization of the Petroleum Exporting Countries expects global oil demand to rise by 7.0 mln barrels per day in 2021, unchanged from its July estimate. India received 69.8 mm rainfall in the week ended yesterday, 13% above the normal of 61.7 mm for the period, the India Meteorological Department said. Since Jun 1, the country has received 562.9 mm rainfall, 1% above the normal. The National Commodity and Derivatives Exchange has extended the additional surveillance margin of 5% on guar gum contracts till Sep 2, the bourse said in a circular. The Centre has allowed exports of fixed quantity of eggs, potato, onion, rice, wheat flour, sugar, pulses, stone aggregates, and river sand to the Maldives for 2020-21 (Apr-Mar) under a bilateral trade agreement, the Directorate General of Foreign Trade said in a notification. Mills in Brazil's centre-south region produced 3.42 mln tn sugar during the second fortnight of July, up 37.7% on year from 2.48 mln tn a year ago, the country's sugarcane industry association, known by its Portuguese acronym UNICA, said in a report. Recent amendments to farm laws will help move agriculture business away from mandis to electronically-traded spot markets, says National Commodity and Derivatives Exchange Managing Director and Chief Executive Officer Vijay Kumar. The Multi Commodity Exchange Clearing Corp, the clearing arm of the Multi Commodity Exchange of India, has revised the threshold limit for concentration margin effective Monday, according to a circular on the exchange's website. Concentration margin is chargeable from specific clients and clearing members, whose positions in a given commodity are relatively large, leading to concentration of open interest.

Source:- financialexpress.com

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Date: 29-09-2020
Circular No. 42/2020 - Customs
Amending Circular 38/2016-Customs on Guidelines for Provisional Assessment under Section 18 of the Customs Act 1962

Date: 28-09-2020
Notification No. 92/2020-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seed, Areca nut, Gold & Silver - reg.

Date: 24-09-2020
Notification No. 91/2020-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: 21-09-2020
Notification No. 66/2020 – Central Tax
Seeks to give one time extension for the time limit provided under Section 31(7) of the CGST Act 2017 till 31.10.2020 .

Date: 21-09-2020
Notification No 67/2020 – Central Tax
Seeks to grant waiver / reduction in late fee for not furnishing FORM GSTR-4 for 2017-18 and 2018-19, subject to the condition that the returns are filled between 22.09.2020 to 31.10.2020.

Date: 21-09-2020
Notification No. 68/2020 – Central Tax
Seeks to grant waiver / reduction in late fee for not furnishing FORM GSTR-10, subject to the condition that the returns are filled between 22.09.2020 to 31.12.2020.

Date: 17-09-2020
Notification No. 34/2020-Customs
Seeks to further amend notification No. 50/2017-Customs dated 30.06.2017 so as to reduce the Basic Customs Duty on Lentils (Mosur) for the period from 18th September, 2020 to 31st October, 2020.

Date: 17-09-2020
Notification No. 89/2020- Customs(N.T.)
Seeks to amend Notification No. 40/2012-Cus (N.T.) dated 2nd May, 2012

Date: 17-09-2020
Notification No. 46/2020-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 17-09-2020
Notification No. 45/2020-Customs (N.T./CAA/DRI)
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