Highlights include the AEO Mutual Recognition Agreement with New Zealand, NACIN’s capacity-building strategies, and a Rs. 6.53 crore tax evasion case.
RBI directs agency banks on government account closure for FY 2024-25, with extended deadlines for transactions and special clearing arrangements on March 31, 2025.
RBI permits Indo-Maldives trade settlements in Indian Rupees (INR) and Maldivian Rufiyaa (MVR) alongside the ACU mechanism, effective immediately.
India’s direct tax collections for FY 2024-25 show a 13.13% net growth, with gross collections up by 16.15% and significant gains in corporate and non-corporate taxes.
IBBI mandates detailed disclosure of carry forward losses in the Information Memorandum (IM) to enhance transparency in corporate insolvency resolution processes.
CAAR Mumbai dismisses Viewsonic Technologies’ advance ruling application on data projectors, citing a pending case before the Madras High Court.
CAAR Mumbai denies Audio Distribution House Pvt Ltd’s request for advance ruling on Optoma Interactive Flat Panels, citing prior CESTAT Delhi judgment.
CAAR Mumbai ruled on the classification of ViewSonic Interactive Flat Panels under Customs Tariff heading 8471. Case linked to prior CESTAT Delhi judgment.
CAAR Mumbai rejects Viewsonic India’s advance ruling request on data projector classification, citing pending appeal before Madras High Court.
Advance ruling on Apple Watch and bands’ classification under Customs Tariff Act. Insights on tariff headings, disputes, and applicability for renewal.
