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Archive: 01 July 2025

Posts in 01 July 2025

SEBI Reviews Framework for conversion of Private Listed InvIT into Public InvIT

July 1, 2025 474 Views 0 comment Print

SEBI proposes changes to InvIT conversion framework, including removing sponsor and non-sponsor lock-in requirements and aligning disclosures with follow-on offers.

Sunil Kadam Appointed SEBI Executive Director

July 1, 2025 381 Views 0 comment Print

Shri Sunil Kadam takes charge as SEBI Executive Director, overseeing key departments including IT, investor assistance, and economic policy from July 1, 2025.

GST Revenue Rises 6.2% in June, 11.8% in Q1 FY26

July 1, 2025 603 Views 0 comment Print

India’s GST revenue rose 6.2% in June 2025 to ₹1.84 lakh crore. Q1 FY26 collections grew 11.8%, with strong import growth and higher refunds year-on-year.

Supreme Court Halts NCLT in JSW Steel Case

July 1, 2025 453 Views 0 comment Print

The Supreme Court has ordered a status quo on NCLT proceedings involving JSW Steel Limited and Sanjay Singhal, pending a review petition against a prior judgment.

ICAI President’s July 2025 Message: Trust & India’s Economic Role

July 1, 2025 438 Views 0 comment Print

Explore the ICAI President’s July 2025 message on trust, India’s growing economic influence, and CA initiatives for MSMEs, global integration, and sustainable development.

Royalty not related to imported goods not includible in transaction value u/r 10(1)(c) of Customs Valuation Rules

July 1, 2025 318 Views 0 comment Print

CESTAT Chennai held that royalty fixed at percentage of net sales is not includible in transaction value of goods imported under rule 10(1)(c) of the Customs Valuation Rules, 2007 as royalty paid is not related to imported goods. Accordingly, appeal of assessee allowed.

Application u/s. 9 of IBC dismissed as debt fell within 10A restricted period

July 1, 2025 183 Views 0 comment Print

NCLAT Delhi held that application under section 9 of the Insolvency and Bankruptcy Code rightly dismissed as debt fell within restricted period under section 10A. accordingly, order of Adjudicating Authority upheld.

MHA Issues Guidelines for Prison De-Radicalisation

July 1, 2025 360 Views 0 comment Print

The Ministry of Home Affairs has issued new guidelines to States/UTs on de-radicalisation programs and counselling in prisons to counter extremist ideologies and enhance national security.

Aadhaar Authentication for Prisoners and Visitors

July 1, 2025 7122 Views 0 comment Print

MHA directs Aadhaar authentication of prison inmates and visitors to enhance prison security and benefit delivery via ePrisons platform integration.

Testing of moisture and ash content must for classification of roasted areca nuts: Matter remitted

July 1, 2025 492 Views 0 comment Print

Madras High Court held that that the essential parameters such as moisture and ash content were not tested properly for classification of roasted areca nuts. Accordingly, matter remitted back to Commissioner of Customs for fresh consideration.

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