SIGN IN SUBSCRIBE

News Update

IndiGo orders 30 Airbus A350s for long haulsFiling of Form 10A & 10AB: CBDT extends due date to June 30RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimesCPGRAMS recognized as best practice in Commonwealth Secretaries of public serviceIsrael-Iran War: A close shave for Global Economy but for how long?KABIL, CSIR ink MoU for Advancing Geophysical InvestigationsI-T - If income from stock-in-trade are held as investments, then provisions of section 14A would apply to such income: ITATTRAI recommends on Infra Sharing, Spectrum Sharing & Spectrum LeasingI-T- Revisionary powers u/s 263 can't be exercised when AO has neither assumed facts incorrectly nor there is incorrect application of law : ITATTechnology Board okays funding of Dhruva Space's Solar Array ProjectI-T- Issue of interest is debatable issue on which two views are possible and AO accepted one of views for which PCIT cannot assume revisional jurisdiction: ITATHealth Secy visits Bilthoven Biologicals, discusses production of Polio VaccineI-T - Estimation of profit element from purchases should be done reasonably if assessee could not conclusively prove that purchases made are from parties as claimed, in absence of confirmations from them: ITATStudy finds Coca-Cola accounts for 11% of branded plastic pollution worldwideI-T- Triplex flats purchased are interconnected and can be considered as 'a residential unit'' as per definition of section 54F of Act : ITATDelhi HC says conspiracy against PM is a crime against StateI-T- AO omitted to probe issue of cash payments made over specified limit; revisionary power u/s 263 is rightly exercised: ITATBrazil makes new rules to streamline consumption taxesI-T-Power of revision unnecessarily exercised where AO had no scope to examine creditworthiness & genuineness of assessee's creditors: ITATBiden signs rules mandating airlines to give automatic refunds for delayed or cancelled flightsI-T-As per settled law, in absence of enabling powers, no disallowance can be made : ITATBYD trying to redefine luxury for new EV variantsGST - On the one hand, the order states registration is liable to be cancelled retrospectively and on the other hand mentions that there are no dues - Order modified: HCSC asks EC to submit more info on reliability of EVMsRight to Sleep - A Legal lullaby
 
Govt creates new directorate under Commerce Ministry

By TIOL News Service

NEW DELHI, MAY 17, 2018: IN a move to streamline the process of trade remedies, the Department of Commerce has formally issued notification for creation of Directorate General of Trade Remedies (DGTR) in the Ministry of Commerce and Industry. The Commerce Minister, Mr Suresh Prabhu has given his approval for creation of DGTR in Department of Commerce, consequent upon amendment carried out by Government of India to the Government of India (Allocation of Business) Rules, 1961 on May 7, 2018 in this regard.

The DGTR would be the apex National Authority for administering all trade remedial measures including anti-dumping, countervailing duties and safeguard measures. The DGTR would bring Directorate General of Anti-dumping and Allied duties (DGAD), Directorate General of Safeguards (DGS) and Safeguards (QR) functions of DGFT into its fold by merging them into one single national entity. It would also provide trade defence support to our domestic industry and exporters in dealing with increasing instances of trade remedy investigations instituted against them by other countries. In the last three years, India initiated more than 130 anti-dumping or countervailing duty or safeguard cases to deal with the rising incidences of unfair trade practices and to provide a level playing field to the domestic industry.

The DGTR has been approved with a sanctioned strength of 112 posts drawn from Directorate General of Anti-dumping and Allied duties of Department of Commerce and Directorate General of Safeguards of CBEC. DGTR would be a multi service organization drawing upon the skill-set of various officers from the field of International Trade, Customs, Revenue, Finance, Economics, Costing and Law. The creation of DGTR would also result in savings of 49 posts to the Government on account of merging DGAD and DGS. This has been in tune with the goal of the Prime Minister to have “Minimum Government Maximum Governance”.

Mr Prabhu has expressed satisfaction over creation of DGTR, an issue pending since 1997, and has termed it to be manifestation of vision of Prime Minister to provide a level playing field to our domestic industry.


POST YOUR COMMENTS
   

TIOL Tube Latest

TIOL Tube
Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.

TOP NEWS

AR not Afar by SK Rahman

VISION 360



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

TII LATEST

TIOLCORPLAWS LATEST