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ISRO
and Boeing in talks to make satellites
Bangalore: Boeing Satellite Systems and ISRO are
in talks for manufacturing and marketing 2-tonne communications
satellites for the global market. The US Administration
has recently approved a licence allowing Boeing to negotiate
the tie-up with ISRO, according to Kenneth I. Juster,
US Under Secretary of Commerce. The proposal is to have
Boeing transponders or payload and scientific instruments
fitted into ISRO satellite frames and have them assembled
at the ISRO facilities in Bangalore. According to the
ISRO Chairman, G. Madhavan Nair, the dialogue has just
begun.
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India
and Nepal to simplify duty norms
Kathmandu:
Nepal and India have agreed to adopt a new system
for easy refund of excise duties and simplifying the Duty
Refund Procedure (DRP) between the two countries. The
MoU for this was signed on Monday by Director General
of the Nepalese Department of Customs, Krishna Hari Banskota
and Director General of the Director General of Inspection,
Customs and Central Excise (DGICCE) in India, T R Rustogi.
Under
the new arrangement, India will refund the excise duty
collected at the border on a monthly basis and clear all
outstanding refunds as soon as possible. Both sides have
also agreed to hold the customs officials' meeting every
six months to review the progress made in the implementation
of the new system.
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