JMD Global Forwarders Inc.

19/07/2020

PROUD TO BE A CUSTOMS BROKER

When the world sit at home, Customs Broker people are at work to ensure & handle to serve the nation by Clearing Import and Export shipments.

But, unfortunately no one recognize our values. If there is no movements, world is at standstill situation.

Life of Customs Brokers & their employees is horrible as they don't have work timings and can be called, abused, shouted 24 Hrs. X 7 Days.

Still we feel proud about us on the service we provide to the Nation and World even though many people don't know the importance of Customs Broker. Very sad but true that importance of Customs Broker is unrecognized and unappreciated.
Salute to all Customs Broker people of India.

14/01/2020

Greetings on Indian Army Day!

14/01/2020

Happy Makar Sankranti , Pongal and Bihu!

12/01/2020

26/02/2018

The highlights of the corporate news updates for the week of February 19th, 2018 - February 25th, 2018 are:

SEBI UPDATE
Computation of Daily Contract Settlement Value – Interest Rate Futures
Acceptance of Bank Guarantees by Clearing Corporations in International Financial Services Centre (IFSC)
Manner of Achieving Minimum Public Shareholding

RBI UPDATE
Ombudsman Scheme for Non-Banking Financial Companies, 2018 - Appointment of the Nodal Officer/Principal Nodal Officer
Ombudsman Scheme for Non-Banking Financial Companies, 2018

IPR UPDATE
National PCT Roving Seminars being organised in cooperation with WIPO and Industry associations from 12th March 2018 to 21st March 2018

CUSTOM UPDATE
Customs Tariff (Determination of Origin of Goods under the Comprehensive Economic Partnership Agreement between the Republic of India and Japan) Amendment Rules, 2018
Seeks to further amend notification No. 50/2017-Customs so as to prescribe effective rate of BCD on various goods.
Appointment of Common Adjudicating Authority by DGRI

GST UPDATE
Directions under Section 168 of the CGST Act regarding non-transition of CENVAT credit under section 140 of CGST Act or non-utilization thereof in certain cases-reg.

DGFT UPDATE
Amendment in the Foreign Trade (Exemption from application of Rules in certain cases) Amendment Order, 2017

02/02/2018

E-way Bill | GST- Budget 2018: Government defers compulsory E-way bill application, trial to continue - The Economic Times-

E-way bill became mandatory from today (February 1, 2018) but throughout the day there have reports of the platform clashing.

29/01/2018

As on 25/01/2018, the following 13 States have issued notification for introducing E-waybill w.e.f. 1st February, 2018 for INTRA-STATE (within state) movement of goods having consignment value exceeding ₹50000.

1) Andhra Pradesh
2) Arunachal Pradesh
3) Bihar
4) Haryana
5) Jharkhand
6) Karnataka
7) Kerala
8) Puducherry(UT)
9) Sikkim
10)Tamil Nadu
11)Telangana
12)Uttar Pradesh, and
13)Uttarakhand

Also, the following states have issued notification for introduction of e way bill from a deferred date as given below:

14) Odisha - 01/06/18
15) Maharashtra - 01/05/18
16) Chattisgarh - 01/06/18
17) West Bengal - 01/06/18

Note: E-WAYBILL is mandatory in all States/UT for inter-state movement of goods w e.f. 01/02/18.

29/01/2018

The highlights of the corporate news updates for the week of January 22nd, 2018 - January 28th, 2018 are:

MCA UPDATE
Notification regarding commencement of Companies Amendment Act 2017
Notification regarding Appointment and Qualification of Director Amendment rules 2018
SEBI UPDATE
Role of the Independent Oversight Committee for Product Design
RBI UPDATE
· Exim Bank's Government of India supported Line of Credit of USD 100 million to the Government of the Republic of Kenya
· Exim Bank's Government of India supported Line of Credit of USD 71.40 million to the Government of Côte d’Ivoire
INCOME TAX UPDATE
· Approval by Central Government in category of ‘Scientific Research Association’ to LERC
EXCISE UPDATE
· Celebration of Customs day and Investiture Ceremony-2018
CUSTOM UPDATE
Regarding amendment in notification No. 89/2017-Cus(NT) dated 21.09.2017 relating to AIRs of Duty Drawback
Amendments to the All Industry Rates of Duty Drawback effective from 25.01.2018
Seeks to amend Notification No.50/2017-Customs (Rate)
GST UPDATE
First Amendment 2018, to CGST Rules
Reduction of late fee in case of delayed filing of FORM GSTR-1
Reduction of late fee in case of delayed filing of FORM GSTR-5
Reduction of late fee in case of delayed filing of FORM GSTR-5A
Reduction of late fee in case of delayed filing of FORM GSTR-6
Extension of date for filing the return in FORM GSTR-6
Amendment of notification No. 4/2017-Central Tax dated 19.06.2017 for notifying e-way bill website
Amending notification No. 39/2017-Central Tax dated 13.10.2017 for cross-empowerment of State tax officers for processing and grant of refund
Amendment of notification No. 11/2017-Integrated Tax dated 13.10.2017 for cross-empowerment of State tax officers for processing and grant of refund
Seeks to amend notification No. 11/2017- Central Tax (Rate) so as to notify CGST rates of various services as recommended by Goods and Services Tax Council in its 25th meeting held on 18.01.2018
Seeks to amend notification No. 12/2017- Central Tax (Rate) so as to exempt certain services as recommended by Goods and Services Tax Council in its 25th meeting held on 18.01.2018
Seeks to amend notification No. 13/2017- Central Tax (Rate) so as to specify services supplied by the Central Government, State Government, Union territory or local authority by way of renting of immovable property to a registered person under CGST Act, 2017 to be taxed under Reverse Charge Mechanism (RCM)
Seeks to provide special procedure with respect to payment of tax by registered person supplying service by way of construction against transfer of development right and vice versa
Seeks to exempt Central Government’s share of Profit Petroleum from Central tax
Seeks to amend Notification No.1/2017-CGST (Rate)
Seeks to amend Notification No.2/2017-CGST (Rate)
Seeks to amend Notification No.1/2017-CGST (Rate)
Seeks to amend Notification No.45/2017-Central (Rate)
Seeks to amend notification No. 8/2017- Integrated Tax (Rate) so as to notify IGST rates of various services as recommended by Goods and Services Tax Council in its 25th meeting held on 18.01.2018
Seeks to amend notification No. 9/2017- Integrated Tax (Rate) so as to exempt certain services as recommended by Goods and Services Tax Council in its 25th meeting held on 18.01.2018
Seeks to amend notification No. 10/2017- Central Tax (Rate) so as to specify services supplied by the Central Government, State Government, Union territory or local authority by way of renting of immovable property to a registered person under CGST Act, 2017 to be taxed under Reverse Charge Mechanism (RCM)
Seeks to provide special procedure with respect to payment of tax by registered person supplying service by way of construction against transfer of development right and vice versa
Seeks to exempt Central Government’s share of Profit Petroleum from Integrated tax
Seeks to exempt royalty and license fee from Integrated tax to the extent it is paid on the consideration attributable to royalty and license fee included in transaction value under Rule 10(1)(c) of Customs Valuation (Determination of value of imported Goods) Rules, 2007
Seeks to amend Notification No.1/2017-IGST (Rate)
Seeks to amend Notification No.2/2017-IGST (Rate)
Seeks to amend Notification No.1/2017-IGST (Rate)
Seeks to amend Notification No.47/2017-IGST (Rate)
Seeks to amend notification No. 11/2017- Union Territory Tax (Rate) so as to notify UTGST rates of various services as recommended by Goods and Services Tax Council in its 25th meeting held on 18.01.2018
Seeks to amend notification No. 12/2017- Union Territory Tax (Rate) so as to exempt certain services as recommended by Goods and Services Tax Council in its 25th meeting held on 18.01.2018
Seeks to amend notification No. 13/2017- Central Tax (Rate) so as to specify services supplied by the Central Government, State Government, Union territory or local authority by way of renting of immovable property to a registered person under CGST Act, 2017 to be taxed under Reverse Charge Mechanism (RCM)
Seeks to provide special procedure with respect to payment of tax by registered person supplying service by way of construction against transfer of development right and vice versa
Seeks to exempt Central Government’s share of Profit Petroleum from Union Territory Tax
Seeks to amend Notification No.1/2017-UTGST (Rate)
Seeks to amend Notification No.2/2017-UTGST (Rate)
Seeks to amend Notification No.1/2017-UTGST(Rate)
Seeks to amend Notification No.45/2017-UTGST (Rate)
Seeks to amend Notification No.1/2017-Compensation Cess (Rate)
GST dated 25.01.2018 seeks to clarify applicability of GST on Polybutylene feedstock and Liquefied Petroleum Gas retained for the manufacture of Poly Iso Butylene and Propylene or Di-butyl para Cresol
GST dated 25.01.2018 clarification regarding supplies made to the Indian Railways classifiable under any chapter, other than Chapter 86
DGFT UPDATE
· Amendment in import policy condition of Urea under ITC (HS)Code 3102 10 00 of Chapter 31 of ITC (HS), 2017 - Schedule - I (Import Policy

19/09/2017

The recommendations of Directorate General of Anti-dumping & Allied Duties (DGAA) for imposition of anti-dumping duty (‘ADD’) of US$245-452/MT on truck and bus radial tyres imported/produced from China has been *accepted by the *ministry of finance*. *The *anti-dumping is now in place for five years*.

As highlighted earlier this move can help domestic players overcome the threat of market share loss to cheaper Chinese radial tyres reduces.

This duty could correspond to *9-14% increase in landed prices for Chinese TBR tyres*.

27/05/2014

Welcome Prime Minister.