Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

Initiation of safeguard investigation concerning imports of “Hot Rolled flat sheets and plates (excluding hot rolled flat products in coil form) of alloy or non-alloy steel” into India.

Customs - F. No. D-22011/47/2015 - Dated:- 7-12-2015 - MINISTRY OF FINANCE (Directorate General of Safeguards) (Customs and Central Excise) NOTICE OF INITIATION OF SAFEGUARD INVESTIGATION New Delhi, the 7th December, 2015 Sub: Initiation of safeguard investigation concerning imports of Hot Rolled flat sheets and plates (excluding hot rolled flat products in coil form) of alloy or non-alloy steel into India. G.S.R. 938(E).- An application has been filed before me on 28th October, 2015 under Rule .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

d nominal width of greater than or equal to 600 mm" hereinafter referred to as PUC (Product under consideration) into India to protect the domestic producers of PUC against serious injury/threat of serious injury caused by the increased imports of PUC into India. 2. Domestic Industry: The applicants, i.e., M/S Steel Authority of India Limited, M/S Essar Steel India Limited, M/S JSW Steel Limited and Jindal Steel & Power Ltd. claimed that their production together accounts for more than .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ual to 600mm whether or not rolled from universal plate mill including reversible plate mill or hot strip mill or tandem mill or steckel mill or any other similar process with various type of rolling configuration including 2-High, 3-High, 4-High, cluster mill or any similar hot rolling process. The product under consideration is classified under Tariff Heading 7208 and 7225 1[(72254013, 72254019, 72254020, 72254030 and 72259900)] which are directly substituting the products manufactured by the .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

), normalized or un-normalized, ultra-sonically tested or untested or oiled or non-oiled etc. These products may be as-rolled or thermo-mechanically rolled or thermo-mechanically controlled rolled or controlled rolled or normalized rolled or normalized or subject to any other similar process. These products may have patterns in relief/chequered patterns of different types derived directly during hot rolling. These products may be sand blasted or shot blasted or subjected to similar processes. Th .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

manufacturing for transporting semi-solid, liquid & gas. By ample clarification, the following are not included in the scope of the product under consideration: a) Hot rolled flat products of stainless steel; b) API grade steel conforming to X-52 and higher API grades for manufacturing pipes used for pipeline transportation systems in the petroleum and natural gas industries; c) Hot rolled plates for manufacturing boilers and pressure vessels confirming to IS 2002 and IS 2041; d) Silicon el .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

f Commerce) from 2012-13 to 2015-16 (upto Aug,15) and same has been taken into consideration for analysis. The domestic data from 2012-13 to 2015-16(up to Sept.,15) have been submitted by the domestic industry and the same been taken into consideration for analysis. 6. Increased Imports (absolute & in relative terms): PUC is imported into India primarily from Indonesia, China PR, Japan, Korea RP, Russia and Ukraine. The imports of PUC have shown an increasing trend in absolute terms as well .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

Production: The production of the domestic industry remained at the same level as shown in the following table:- YEAR Production of DI (MT) Trend 2012-13 4649918 100 2013-14 4237844 91 2014-15 4303683 93 2015-16(A) 4306260 93 (b) Market Share of domestic producers in domestic demand: Market share of the applicants has fallen in the most recent period. Applicants had a market share of 73% in 2014-15 which fell to 70% during 2015-16 (A). During the same period, the market share of import increased .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

the employment levels have not undergone any significant change and productivity per day is as under:- Financial Year Productivity per day(MT) (Indexed) 2012-13 100 2013-14 91 2014-15 93 2015-16(A) 93 (d) Capacity Utilisation: During the period, the capacity utilisation decreased from 45% to 37% during 2012-13 to 2015-16(A) as evident from the table below: Financial Year Installed Capacity (MT) Capacity Utilisation (%) 2012-13 10336260 45 2013-14 11159000 38 2014-15 11305667 38 2015-16(A) 115899 .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     Latest Happenings     ↓  

Notification: Rate of exchange of conversion of the foreign currency with effect from 22th September, 2017

Forum: Trans1 return

News: Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified

Forum: Credit on Repair of Company Car & Its Insurance

Circular: Promote the officers of the Indian Revenue Service (Customs and Central Excise) to the grade of Principal commissioner of customs, GST & CX

Circular: Allocate the charges amongst the Members of the Central Board of Excise and Customs

Circular: Strategy for audits in 2017-18 consequent to GST - Audit by Central Excise and service Department to continue for the accounting year 2016-17 and for the past period

Circular: Appoint the IRS (C&CE) officers as Principal Commissioner (Revision Application) and ex-officio Additional Secretary

Circular: Time limit for filing intimation for composition levy under Rule 3(1) of the CGST Rules, 2017 extended to 16-8-2017

Circular: Extension of time limit for submitting the declaration in FORM GST TRAN-1 under rule 120A of the Central Goods and Service Tax Rules, 2017

Circular: C.B.E. & C. Advisory on Customs related matters on introduction of Goods and Services Tax regime

Circular: List of Reduced Tax Liabilities under GST regime in comparison to present combined Indirect Tax rates

Circular: Works Contract for construction of Flats, Complex — Builders to pass on GST benefit to buyer otherwise anti-profiteering provisions of Section 171 of GST Act to apply

Circular: Clarification regarding applicability of section 16 of the IGST Act, 2017, relating to zero rated supply for the purpose of Compensation Cess on exports – Regarding.

Circular: Clarification on Inter-state movement of various modes of conveyance, carrying goods or passengers or for repairs and maintenance- regarding

Forum: Duty Drawback & Input Credit - under GST

News: RBI Reference Rate for US $

Highlight: Addition u/s 23(1)(a) - deemed rent - once the property is let out and at any point of time this remained vacant during the same cannot be brought to tax under the head House properties income.

News: Haryana constitutes screening committee on anti-profiteering

Highlight: Valuation of imported goods - it is necessary to re-examine the matter of both license agreement as well as supply contract simultaneously, to see if the enhanced royalty was in the guise of adjustment of the price of components.

Notification: Levy of anti dumping duty on New/unused pneumatic radial tyres with or without tubes and/or flap of rubber (including tubeless tyres) having normal rim dia code above 16 originating in, or exported from China PR

Highlight: Cenvat credit availed on Club Membership for the Director is not admissible as it cannot be said to be remotely connected with the activity of manufacture

Circular: Amendments in Hand Book of Procedures 2015-20 –reg.

News: Jaitley asks biz not to wait till last day to file GST returns

Circular: Implementing Electronic Sealing for containers by exporters under self-sealing procedure prescribed by Circular 26/2017-Cus dated 1st July, 2017 and Circular 36/2017 dated 28 th August, 2017. — reg.

Article: 20 Things You must know about E Way Bills in GST Law

Article: ‘DUTY DRAWBACK’ CANNOT BE EQUATED WITH ‘REBATE OF DUTY’

Highlight: Notification regarding GST rate for branded cereal, pulses and flour

News: Notification regarding GST rate for branded cereal, pulses and flour

Highlight: Anti-dumping duty on import of bus/truck tyres from China

Highlight: Cabinet approves Extension of time period of the Scheme "Special Industry Initiative for J&K" (Sll J&K) - Udaan

Highlight: Non-payment of service tax - maintenance and repair charges - appellants had knowingly and deliberately shown the repair charges as job work charges to mislead about their taxability - demand confirmed.

Highlight: BAS - execution of the project of smart card for vehicle registration – implementing the SOC-VRC project - The fact that the Government has outsourced some part of the work and paid certain consideration for such outsourced work, does not make the activity subject to service tax.

News: Cabinet approves Extension of time period of the Scheme "Special Industry Initiative for J&K" (Sll J&K) - Udaan

Highlight: Constitution of National Anti-profiteering Authority (NAA) under GST-reg. - Trade Notice

Highlight: Amendments in Hand Book of Procedures 2015-20 –reg. - Various amendments are made in Chapter-4 of Hand Book of Procedures 2015-2020.

Circular: Constitution of National Anti-profiteering Authority (NAA) under GST-reg.

Highlight: Sharing of expenses - BAS - promotion of business of group companies - sharing of expenditure for common facilities cannot be treated as service by one to another in such arrangement.

News: RBI Reference Rate for US $

Article: Credit of unsold stock [Section 140(3)] - Actual Credit as well as Notional Credit - Part-I - GST Transitional provisions

Circular: Certain Clarifications sought on Construction Services provided in the Real Estate Sector – reg.

News: Anti-dumping duty on import of bus/truck tyres from China

News: Fast-track GST refund, else ₹ 65K cr may be stuck: Exporters

Highlight: It is open to the Settlement Commission to use best judgment in arrival of the figure. Nonetheless it has to explain the manner in which the best judgment figure has been arrived at by the Settlement Commission - HC

Highlight: Deemed dividend u/s 2(22)(e) - advances given to societies - in the absence of legal right of the assessee in the said society the amount advanced cannot be treated as deemed income.

Highlight: When electrical installations are treated as plant and machinery the depreciation has to be allowed @ 25% as per provisions contained u/s 32

TMI Note: Capital Gain - transfer of right in the land or transfer of land itself - addition u/s 50C - Harassment to the honest tax payers

Highlight: Option to avail composition scheme under GST by electronically filing an intimation in FORM GST CMP-02 and FORM GST ITC-03 upto 30-9-2017 - See Rule 3(3A)

TMI Note: Does ICDS apply for the purposes of computing exemption u/s 11 to 13.

Highlight: Voluntary Reporting of Estimated Current Income and Advance Tax Liability - CBDT issues draft notification



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version