Minimum Rates of Wages in Punjab wef 01/09/2016

Rates of Minimum Wages	WEF-->	01-03-2016	01-09-2016
	Increase-->	274.90/10.59	248.04/9.55
Unskilled	Monthly	7210.52	7458.56
GateKeeper,Peon, Helper,  Chowkidar, Gen …...Labour Below 10th	Daily	277.72	287.27
Semi-Skilled	Monthly	7990.52	8238.56
Having 10 Yrs Exp or Fresh Having ITI  or ….Diploma Holder/TM3rd4th stand	Daily	307.72	317.27
Skilled	Monthly	8887.52	9135.56
Semi Skilled after 5 Yr Exp,  BlackSmith, ….Turner, Electrician, TM/1-2nd	Daily	342.22	351.77
Highly Skilled	Monthly	9919.52	10167.56
Degree Holder, Graduate Engineer, Truck …...Driver, Crane Operater	Daily	381.92	391.47
Staff-Gade A	Monthly	12380.52	12628.56
Post Grduat Degree MBA etc	Daily	476.62	486.17
Staff-Gade B	Monthly	10710.52	10958.56
Graduate	Daily	412.42	421.97
Staff-Gade C	Monthly	9210.52	9458.56
Undergraduate	Daily	354.72	364.27
Staff-Gade D	Monthly	8010.52	8258.56
10th Pass Peon, Helper	Daily	308.52	318.07

Minimum Rates of Wages wef 01/03/2016 in Punjab

Rates of Minimum Wages	WEF-->	01-09-2013	01-03-2014	01-09-2014	01-03-2015	01-09-2015	01-03-2016
	Increase-->	552.75/21.44	200/7.70	200/7.70	200/7.69
Unskilled	Monthly	6247.75	6447.75	6647.75	6847.75	6935.62	7210.52
GateKeeper,Peon, Helper,  Chowkidar, Gen …...Labour Below 10th	Daily	240.64	248.34	256.03	263.72	267.13	277.72
Semi-Skilled	Monthly	7027.75	7227.75	7427.75	7627.75	7715.62	7990.52
Having 10 Yrs Exp or Fresh Having ITI  or ….Diploma Holder/TM3rd4th stand	Daily	270.64	278.34	286.03	293.72	297.13	307.72
Skilled	Monthly	7924.75	8124.75	8324.75	8524.75	8612.62	8887.52
Semi Skilled after 5 Yr Exp,  BlackSmith, ….Turner, Electrician, TM/1-2nd	Daily	305.14	312.84	320.53	328.22	331.63	342.22
Highly Skilled	Monthly	8956.75	9156.75	9356.75	9556.75	9644.62	9919.52
Degree Holder, Graduate Engineer, Truck …...Driver, Crane Operater	Daily	344.84	352.54	360.23	367.92	371.33	381.92
Staff-Gade A	Monthly	11417.75	11617.75	11817.75	12017.75	12105.62	12380.52
Post Grduat Degree MBA etc	Daily	439.54	447.24	454.93	462.62	466.03	476.62
Staff-Gade B	Monthly	9747.75	9947.75	10147.75	10347.75	10435.62	10710.52
Graduate	Daily	375.34	383.04	390.73	398.42	401.83	412.42
Staff-Gade C	Monthly	8247.75	8247.75	8647.75	8847.75	8935.62	9210.52
Undergraduate	Daily	317.64	325.34	333.03	340.72	344.13	354.72
Staff-Gade D	Monthly	7047.75	7247.75	7447.75	7647.75	7735.62	8010.52
10th Pass Peon, Helper	Daily	271.44	279.14	286.83	294.52	297.93	572.83

What is Minimum Import Price. Definition of Minimum Import Price

What is Minimum Import Price:-
Minimum Import Price (MIP) is fixed by Ministry of Commerce Government of India. A notification to fix the price, below which import of the declared goods are prohibited, is issued by the Director General Foreign Trade.
 PERIOD:-
To give relief to domestic industry to put check on export a notification issued to fix MIP is for a fixed period to say for six months generally.
CONSEQUENCES:-
If the goods are imported less than the MIP , the goods are liable to be seized and confiscated.
Court Decisions:-
In the case of HRB Boarding & Lodging Pvt Ltd Vs Union of India reported as

2015 (322) E.L.T. 452 (Mad.)

Hon'able  Madras High Court has dismissed the petition challenging the legality  of Notification issued by DGFT . Hon'able High Court in this order has held

"when the DGFT Notification dated 4-8-2011 allowed free import of marble blocks/tiles provided the CIF value is US $ 60 and above per sq. mt., the petitioners were expected to declare the same, however, contrary to the same, they have declared below the US $ 60 and thereby, the authority has rightly confiscated the same and therefore, confiscation of the goods is justified"