IFSCA implemented a Stewardship Code framework for all IFSC Fund Management Entities to enhance corporate governance, mandate active monitoring, and promote investor protection.
Tribunal emphasized that the CPIO cannot be directed to create, interpret, or deduce information. Appeals seeking clarifications or explanations regarding CIRP proceedings were dismissed in line with Section 2(f) of the RTI Act.
DGFT Public Notice amends the Handbook of Procedures, removing the gold replenishment clause under Advance Authorisation and confirming the 120/180-day Export Obligation period.
CBIC Notification 66/2025 amends the Customs Act to designate Malur in Kolar District, Karnataka, as a new Customs Station for handling import and export cargo.
RBI releases a draft circular proposing a mandatory Unique Transaction Identifier (UTI) for all OTC derivative deals in India to enhance global data aggregation and market transparency.
Bombay HC rules 6% interest under CGST Act payable from 60 days after original refund application, even if initial claim was later allowed on appeal.
Bombay HC rules pre-show cause consultation is mandatory before issuing service tax SCNs above ₹50 lakh; SCNs without it are liable to be quashed.
Jharkhand High Court dismisses bail in case of fraudulent availment and passing of fake GST Input Tax Credit, holding the offence as a serious crime affecting national economic health.
Karnataka High Court confirms that secured creditors can recover dues from property before GST claims if their SARFAESI Act charge predates the GST encumbrance, ensuring proper auction proceedings.
Commissioner of Customs Vs Sudhir Gulati (Delhi High Court) Delhi High Court held that DRI are proper officers for the purpose of Section 28 of the Customs Act, 1962 and accordingly has been empowered to issue demand notice under section 28. Accordingly, appeal of department allowed. Facts- The present appeal has been filed by the […]
