The government has extended the unrestricted import of Urad for another year. The key takeaway is that importers can continue duty-free imports without policy restrictions until 31 March 2027.
The government extended the Free import policy for Yellow Peas without MIP or port limits. Imports remain subject to online monitoring registration.
The notification prolongs MIP on Virgin Multi-layer Paper Board imports until 30 April 2026. It reinforces regulatory control over import pricing and stabilizes domestic market conditions.
The amendment allows disposal of goods not cleared within 30 days and introduces re-export options after 15 days. It ensures quicker handling of pending consignments and reduces delays.
The notification expands Form E by adding fields on export clearance, e-commerce exports, and export benefits. It mandates supporting documents for transparency. The change strengthens reporting and compliance requirements.
ICAI has postponed the mandatory adoption of new quality management standards. The key takeaway is that SQC 1 will continue to apply until further notice.
The amendment clarifies that income from investments made before 1 April 2017 is excluded from Chapter XI provisions. It ensures that legacy investments are protected from retrospective tax implications while applying anti-abuse rules prospectively.
The latest amendment excludes income arising from transfer of pre-2017 investments from GAAR scrutiny. It reinforces the protection of grandfathered investments despite broader applicability of anti-avoidance provisions.
The notification grants customs duty relief to SEZ units clearing goods to DTA, provided production began before 31 March 2025. It clarifies eligibility conditions, exclusions, and compliance requirements for availing the benefit.
The RBI extended the time for realisation of export proceeds from nine to fifteen months due to global uncertainties. This decision addresses delays caused by geopolitical tensions and logistical disruptions.
