The article explains the complete evolution of buyback taxation in India, highlighting how tax liability shifted between companies and shareholders across different legislative phases.
The DGFT introduced a digital system for issuance of Certificates of Origin for Agarwood exports through the Trade Connect ePlatform. The module aims to ensure transparency, paperless processing, and compliance with international trade requirements including CITES norms.
The DGFT notified allocation of 8606 MTRV raw cane sugar exports to the United States for US fiscal year 2026 under the TRQ scheme. The notice also clarified certification, quota operation, and reporting compliance requirements.
The Ministry of Finance amended the earlier customs notification to continue anti-dumping duty for an extended period. The notification clarifies that the levy will remain effective unless superseded, revoked, or amended before expiry.
The government imposed anti-dumping duty on Monoisopropylamine imports after finding that Chinese exports were dumped below normal value. The notification aims to protect domestic manufacturers from price undercutting and material injury.
The Government has advised States and UTs not to impose fresh registration requirements on existing repairers merely because of revised procedures or regulatory changes. The move is aimed at reducing compliance burden and promoting ease of doing business.
IFSCA clarified that IFSC Banking Units can avail voice broking services from registered TechFin and Ancillary Service Providers. The guidance aligns voice broking permissions with the IFSCA Banking Handbook and 2025 regulations.
The High Court held that disputes involving factual examination and merits under Section 74 of the CGST Act must ordinarily be pursued through statutory appeals. It ruled that neither lack of jurisdiction nor violation of natural justice was established to justify bypassing alternate remedies.
The Supreme Court stayed further proceedings arising from a Section 74 GST order while examining whether writ petitions can be entertained despite statutory appellate remedies. The Court linked the matter with a pending case involving similar jurisdictional and natural justice concerns.
The article examines the proposed auditor cooling-off framework and the growing concerns within the auditing profession. It highlights the tension between strengthening auditor independence and preserving long-term professional continuity and audit effectiveness.
