Delhi High Court took note of government’s decision to discontinue GST concessions for orthopedically disabled persons and directed officials to explain why a proportionate GST reduction cannot be implemented for disabled buyers.
CESTAT upholds the denial of EPCG benefit for used machinery but reduces the redemption fine and sets aside the Section 114A penalty due to bona fide belief.
Allahabad HC grants bail to Manoj Kumar Garg in a {₹}40 crore fake ITC case, citing completed investigation, documentary evidence, slow trial pace, and limited maximum sentence.
CESTAT Delhi held that no wilful suppression was proven to invoke extended limitation under Section 73(1) of the Finance Act. Demand set aside on limitation.
An Indian citizen was caught by the Customs Department attempting to depart with 15,000 U.S. Dollars concealed without valid documentation, leading to the absolute confiscation of the currency and imposition of a penalty under the Customs Act, 1962, and the Foreign Exchange Management Act, 1999 (FEMA).
The Orissa High Court dismissed a plea by a Managing Director to discharge himself from a prosecution under Section 138 of the Negotiable Instruments NI Act, 1881, following his company’s entry into the Corporate Insolvency Resolution Process CIRP under the IBC, 2016.
GST portal’s Invoice Management System (IMS) introduces Import of Goods section for BoE action. Manage imports and GSTIN amendment reversals from Oct 2025.
The IRDAI imposed a ₹1 crore penalty on Liberty General Insurance for serious violations of outsourcing and commission regulations, including excessive payments to related parties of intermediaries. The insurer also received cautions for policyholder complaint misclassification and procedural lapses.
SEBI implements new eligibility criteria for derivatives on Non-Benchmark Indices (NBIs). BANKNIFTY adjustments phased over 4 tranches by Mar 2026; FINNIFTY/BANKEX by Dec 2025.
SEBI allows IAs and RAs to share ICAI/ICMAI-certified past performance data with clients on request, as an interim step before the PaRRVA verification agency becomes operational.
