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Agri Picks Report: Geojit.


Date: 17-12-2020
Subject: Agri Picks Report: Geojit
The Cabinet approved a subsidy of 35 bln rupees for export of 6 mln tn sugar during 2020-21 (Oct-Sep) to help stabilise prices and benefit farmers, Minister of Information and Broadcasting Prakash Javadekar said. Within a week, the farm ministry will send a Budget proposal for its flagship National Mission on Edible Oils of 50 bln rupees a year to the finance ministry, a senior government official told Cogencis. Earlier, the proposal was for 100 bln rupees. The Supreme Court proposed the formation of a committee to look into the issue of the farmers' agitation at Delhi's borders. Guntur Agriculture Market Committee in Andhra Pradesh is planning to set up its own chilli processing units to make branded powder, M. Venkateshwara Reddy, secretary of the committee, told Cogencis. The Multi Commodity Exchange Clearing Corp, the clearing arm of the Multi Commodity Exchange of India, has decided to keep the minimum margin period of risk for commodities unchanged in January, based on its liquidity, the exchange said in a circular. National Commodity Clearing Ltd, the clearing arm of the National Commodity and Derivatives Exchange, has so far marked 7,550 tn of soybean and 5,110 tn of cottonseed oilcake for staggered delivery against the December contract that will expire on Friday, according to data on its website.

Source:-moneycontrol.com

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What is New?

Date: 28-02-2025
Notification No. 12/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 14-02-2025
Notification No. 10/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 13-02-2025
Notification No. 14/2025-Customs
Seeks to amend Notification 11/2021-Customs dated 01.02.2021 to amend AIDC rate on Bourbon whiskey

Date: 11-02-2025
NOTIFICATION No. 09/2025–Central Tax
Seeks to bring rules 2, 8, 24, 27, 32, 37, 38 of the CGST (Amendment) Rules, 2024 in to force

Date: 03-02-2025
[F. No. CBIC-190354/236/2021-TRU]
Corrigendum to Notification No. 50 of 2024 Customs, dated the 30th December, 2024.

Date: 01-02-2025
Notification No. 13/2025-Customs
Seeks to further amend notification No. 153/94-Customs dated the 13 th July, 1994.

Date: 01-02-2025
Notification No. 12/2025-Customs
Seeks to further amend notification No. 19/2019 dated 06 th July 2019.

Date: 01-02-2025
Notification No. 11/2025 – Customs
Seeks to further amend notification No. 25/2002-Customs, dated the 1st March, 2002 so as to add capital goods to the already existing list of capital goods exempted from basic customs duty for manufacture of lithium-ion battery of mobile phones and electrically operated vehicles.

Date: 01-02-2025
Notification No. 09/2025-Customs
Seeks to further amend notification No. 16/2017-Customs, dated the 20 th April, 2017 so to exempt certain drugs for supply under Patient Assistance Programme run by specified pharmaceutical companies.

Date: 01-02-2025
Notification No. 07/2025-Customs
Seeks to further amend notification No. 11/2018-Customs dated 02 th February, 2018 so as to exempt specified goods from the whole of levy of Social Welfare Surcharge.



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