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Archive: 07 February 2025

Posts in 07 February 2025

Updation of Mobile number & E-mail id associated with DPD Registration

February 7, 2025 273 Views 0 comment Print

Customs office mandates upting mobile numbers and email IDs linked to DPD registration to prevent misuse. Importers must verify changes via OTP and submit updates.

Procedure to be followed to check status of container for scanning at JNCH

February 7, 2025 159 Views 0 comment Print

Learn how to check container scanning status via the CSD web portal at JNCH. Enter container details to verify scanning and examination status.

Procedure for Appeals on Interest or Penalty Under GST

February 7, 2025 5670 Views 0 comment Print

Clarified procedure for appeals under Section 128A of CGST Act 2017, addressing disputes on interest and penalty where tax is fully paid.

Customs vs. DGFT: Madras HC Rules on SEIS/MEIS Jurisdiction

February 7, 2025 612 Views 0 comment Print

Madras High Court sets aside Customs’ show cause notice, ruling DGFT has sole jurisdiction over SEIS/MEIS scrip cancellations. Read the full case summary.

Control Area Checklist for Valuation of Inventories in Oracle Fusion

February 7, 2025 345 Views 0 comment Print

Key controls for inventory valuation in Oracle Fusion: compliance, quality testing, and accurate reporting to avoid discrepancies and ensure proper inventory management.

Customs Authorities cannot question MEIS benefits: Delhi HC

February 7, 2025 525 Views 0 comment Print

Delhi HC rules customs cannot override DGFT decisions on MEIS benefits in Designco v. UOI case, declaring customs actions as illegal and beyond jurisdiction.

Time To Harness The Power of Diversity In The Boardroom

February 7, 2025 255 Views 0 comment Print

Boardroom diversity includes gender, age, skill, and geographical diversity. Embracing it ensures better perspectives, growth, and effective leadership.

Union Budget 2025-2026 Glimpses

February 7, 2025 1179 Views 0 comment Print

India’s Finance Minister, Nirmala Sitharaman, presented the Union Budget for 2025-26 on February 1 in Parliament. The budget introduces significant reforms, including the removal of income tax liability (under the new regime) for individuals earning up to INR 1.2 million annually, excluding special income.

Analysis of Notifications and Circulars for Week ending 2nd February 2025

February 7, 2025 5388 Views 0 comment Print

Key notifications from Income Tax, GST, RBI, and IBBI covering amendments, clarifications, and updates for the week of 27th January to 2nd February 2025.

RBI Cuts Repo Rate to 6.25% in February 2025 Policy

February 7, 2025 1095 Views 0 comment Print

RBI lowers the repo rate to 6.25% as per the February 2025 monetary policy. SDF and MSF rates adjusted to 6.00% and 6.50% respectively.

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