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Notes


Packing Notes(I-O Norms)



GENERAL POLICY FOR PACKING MATERIAL


In respect of export products for which standardised norms do not provide packing material as an import input or in cases where additional packing
material as an import input other than those given in Standard Input-Output Norms are required, or in cases where norms have not been standardised as yet
and the licences are granted on ad-hoc/ individual basis by competent authority, the import of packing material as an input may be allowed in the following
manner:



  1. a. Packing material in finished form On 'Net + 1% wastage' b. Raw materials to be used for the On 'Net + 5% wastage' manufacture of
    packing material. However, GP/ CRCA in the shape of Sheets/ Strips and Coils may be allowed on
    'Net plus 10% wastage'.

  2. The exporter shall account for the net content of the packing material minus the wastage allowed in the exports made.

  3. The packing material with wastage indicated above will be allowed within the overall CIF value of the licence.

  4. Wherever packing materials allowed for import is in the nature of Polymer, only the relevant grade required for the export product, i.e.,
    moulded grade or film grade or blowing grade, tape grade as per the declaration of the applicant, will be permitted.


In cases where only packing material has been asked for in the application for issue of advance licence as per the general note above, where there is no
specific Standard Input Output Norm (SION), falling under any product group,advance licence in such cases shall be issued under the General Product Group
vide "9999".



 

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What is New?

Date: 14-11-2019
Notification No. 52/2019 – Central Tax
Seeks to extend the due date for furnishing FORM GSTR-1 for registered persons in Jammu and Kashmir having aggregate turnover of up to 1.5 crore rupees for the quarter July, 2019 to September, 2019

Date: 14-11-2019
Notification No. 53/2019 – Central Tax
Seeks to extend the due date for furnishing of return in FORM GSTR-1 for registered persons in Jammu and Kashmir having aggregate turnover more than 1.5 crore rupees for the months of July, 2019 to September, 2019

Date: 14-11-2019
Notification No. 54/2019 – Central Tax
Seeks to extend the due date for furnishing of return in FORM GSTR-3B for registered persons in Jammu and Kashmir for the months of July, 2019 to September, 2019

Date: 14-11-2019
Notification No. 55/2019 – Central Tax
Seeks to extend the due date for furnishing of return in FORM GSTR-7 for registered persons in Jammu and Kashmir for the months of July, 2019 to September, 2019

Date: 14-11-2019
Notification No. 56/2019 – Central Tax
Seeks to carry out Seventh amendment (2019) in the CGST Rules, 2017. [Primarily related to Simplification of the Annual Return / Reconciliation Statement]

Date: 13-11-2019
Notification No. 31/2015-2020
Notification of ITC (HS), 2017 - Schedule-1 (Import Policy)

Date: 13-11-2019
Notification No. 32/2015-2020
Amendment in import policy of Iron & Steel and incorporation of policy condition in Chapter 72, 73 and 86 of ITC (HS), 2017, Schedule-1 (Import Policy).

Date: 13-11-2019
Public Notice No. 43/2015-2020
Enlistment as designated port in Para 2.54 (d) (vi) Handbook of Procedure, (2015-20).

Date: 11-11-2019
Notification No. 44/2019-Customs (ADD)
Seeks to amend notification No. 1/2017-Customs dated 5th January, 2017 to insert S. Nos. 48 to 52 in the duty table to finalize the assessment of exports of jute products by M/s. Roman Jute Mills Ltd. (Producer/Exporter) and M/s SMP International, LLC,USA (Exporter/ Trader), M/s Aziz Fibres Limited (Producer/Exporter), M/s Natore Jute Mills (producer), Bangladesh and M/s PNP Jute trading LLC (Exporter/Trader), USA.

Date: 11-11-2019
Notification No. 43/2019-Customs (ADD)
Seeks to rescind notification Nos. 24/2018- Customs (ADD) the dated 7th May, 2018, 41/2018- Customs (ADD) and 42/2018- Customs (ADD) dated 24th August, 2018 which had prescribed provisional assessment on export of jute products from Bangladesh by specified exporters.



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