The Financial Express -- Economy

Wednesday, July 30 1997

Effective rate tariff for domestic area sale of finished import goods

The government has conceded more reliefs to 100 per cent export-oriented units (EoU) and those set up in export processing zones (EPZs). The domestic tariff area (DTA) sale of freely importable finished goods under 1997-2002 export-import policy will now attract "effective" rates of customs duty instead of the "tariff" rates of duty.

Budget promises have been largely met

The Union finance minister P Chidambaram yesterday said that his ministry had fulfilled almost eighty five per cent of the promises made in the budget this year.

VDIS petition dismissed; appeal in apex court likely

The Mumbai high court has formally dismissed the writ petition challenging the voluntary disclosure of income scheme (VDIS-97). The division bench said that since the issue pertained to a policy matter the government was empowered to decide on ways to unearth black money.

Ministries at odds over auto kits import

Index -- Car retailing catching on

FIs moot increase in threshold limit for inducting directors

Ahmedabad forum adopts code of conduct

Revenue staff plan stir against pay panel report

Public provident fund is better than relief bonds

Dollar firms against yen in Tokyo

Japan rebuts US criticism on auto trade