DGFT revised Appendix 4B to update banks permitted to import gold and silver. The notice clarifies authorized entities and validity period till 2029, ensuring regulatory clarity.
The government has shifted Grade A and B baryte to the restricted category requiring DGFT approval. The move aims to regulate export of high-value mineral resources.
DGFT extends RELIEF scheme benefits to Egypt and Jordan to support exporters impacted by global logistics issues. The move widens export facilitation coverage under EPM.
The procedure mandates prior notice and deposit for proposing a new director. It highlights compliance steps and conditions for refund of deposit.
The new rules replace old form numbers with a structured sequence across categories. The update simplifies compliance and improves clarity in tax filings.
The regulator prohibited mutual funds from participating in pre-IPO placements due to concerns over illiquidity, valuation uncertainty, and information asymmetry.
The Court held that once a GST assessment order attains finality, recovery under Section 79 can proceed without issuing prior notice to the taxpayer. It clarified that recovery actions can directly target bank accounts when dues remain unpaid. T
Tax authorities are increasingly questioning decision logic behind TDS deductions. The lack of recorded reasoning in ERPs makes compliance responses difficult.
Courts held that Section 129 cannot be invoked for minor procedural lapses without intent to evade tax. It emphasised that penalties must be proportionate and based on mens rea.
The Court held that GST authorities cannot rely on seized documents that are missing or untraceable during adjudication. It ruled that proceedings must be based only on available records with fair hearing.
