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Sunday, 03 January 21
INDIA: COMMERCE MINISTRY LAUNCHES COAL IMPORT MONITORING SYSTEM - PTI
 CIMS shall require importers to submit advance information in an online system for imports of items and obtain an automatic registration number by paying registration fee of Re 1 (approximately USD 0.014) per thousand, subject to minimum of Rs 500 (approximately USD 6.84) and maximum of Rs 1 lakh (approximately USD 1368), on CIF (cost, insurance, freight) value.
The Commerce and Industry Ministry has launched a Coal Import Monitoring System (CIMS), under which a trader will have to provide advance information about the imports and obtain a registration number, to have effective policy interventions.
In this system, importers of different kinds of coal including anthracite, bituminous, coking, and steam will have to register in advance on CIMS, providing necessary information.
According to a notification of the Directorate General of Foreign Trade (DGFT), import policy of these items 'shall be subject to CIMS'.
CIMS shall require importers to submit advance information in an online system for imports of items and obtain an automatic registration number by paying registration fee of Re 1 per thousand, subject to minimum of Rs 500 (approximately USD 6.84) and maximum of Rs 1 lakh (approximately USD 1368), on CIF (cost, insurance, freight) value.
'The importer can apply for registration not earlier than 60 days and not later than 15th day before the expected date of arrival of import consignment,' it said.
The registration number would be valid for 75 days.
'Importer shall have to enter the registration number and expiry date of registration in the bill of entry to enable customs for clearance of consignment,' it added.
CIMS will be effective from February 1, 2021 and the facility of online registration will be available from December 31 this year.
The government has similar system for steel imports.
Source: PTI
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Thursday, 05 November 20
THE INDONESIA COAL PRICE REFERENCE RISES FOR SECOND CONSECUTIVE MONTH
COALspot.com: The Indonesia Coal Price Reference rose for a 2nd month by 9.24% month on month. The Indonesia Coal Price Reference for the month of ...
Wednesday, 04 November 20
PHILIPPINES COAL MORATORIUM HIGHLIGHTS DRAMATIC PIVOT TO RENEWABLE ENERGY INVESTMENT FOR LOWER PRICES AND POWER SYSTEM RESILIENCE - IEEFA
Policymakers and industry leaders ready to embrace new energy technologies
The Department of Energy’s call for a moratorium on ...
Wednesday, 04 November 20
FOREIGN INVESTORS FACE TOUGH TIMES CLOSING VIETNAM’S REMAINING COAL POWER DEALS - IEEFA
Project bankability at risk as new regulations threaten usual contractual terms
Foreign investors will face higher-than-usual risks ...
Wednesday, 04 November 20
MARKET INSIGHT - INTERMODAL
As the end of the year approaches, one would definitely notice that the newbuilding orderbook for bulk carriers is significantly smaller compared t ...
Monday, 02 November 20
PHILIPPINES GOVERNMENT SAYS NO TO NEW COAL PLANT PROPOSALS - IEEFA | 24 PILIPINAS
The Duterte administration will no longer accept proposals to construct new coal power plants, a dramatic shift in energy policy that counts on dec ...
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- Parliament of New Zealand
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