What I hate about this govt is they ban imports from China at random. If India does not produce those goods, it makes zero sense to charge 77% duty on those things. As if some company is gonna start manufacturing that product immediately.I don't think we care about the world's opinion or trade anymore. If we can rank 142/180 in press freedom, 168/180 in the environmental index and 94/107 in the hunger index and get hundreds of people jobless by banning Tiktok/Shein etc, then we can definitely do better by raising the customs duty even further. Don't stop at 100%. Get it to 250% or something.
Sr.No. | Notification Number | Serial Number of Notification |
---|---|---|
1 | 001/2017 | III124 |
2 | 001/2017 | 56 |
FTP Paragraph no. | Text added (New) |
2.05(d) | An IEC holder has to ensure that details in its IEC is updated electronically every year, during April-June period. In cases where there are no changes in IEC details same also needs to be confirmed online. |
2.05(e) | An IEC shall be de-activated, if it is not updated within the prescribed time. An IEC so de-activated may be activated, on its successful updation. This would however be without prejudice to any other action taken for violation of any other provisions of the FTP. |
2.05(f) | An IEC may be also be flagged for scrutiny. IEC holder(s) are required to ensure that any risks flagged by the system is timely addressed; failing which the IEC shall be deactivated. |