RBI allows advance remittance up to USD 50 million for shipping vessel imports without bank guarantee or standby LC, aiming to improve business ease.
The International Financial Services Centres Authority (IFSCA) has announced a new fee structure for KYC Registration Agencies in the IFSC, including application, registration, and annual fees.
RBI introduces Separate Trading of Registered Interest and Principal of Securities (STRIPS) for State Government Securities. Eligible SGS and application process defined.
CBIC releases Instruction No. 15/2025-Customs, providing a consolidated online repository of DGFT clarifications on SCOMET item applicability for customs officials.
India’s DGFT announces the renaming of ‘The Sports Goods Export Promotion Council’ to ‘Sports Goods & Toys Export Promotion Council’ and updates its contact details in Public Notice No. 10.
Notification 42/2025-Customs (N.T.) updates tariff values for imported palm oil, soyabean oil, brass scrap, gold, silver, and areca nuts, effective June 12, 2025.
GSTN advisory outlines alternate manual filing for Section 128A amnesty applications due to portal technical issues, guiding taxpayers on order number entry and payment details.
Notification 41/2025-Customs (N.T.) appoints Commissioner of Customs, Chennai II, Import, as common adjudicating authority for M/s Bando (India) Pvt. Ltd. customs show cause notices.
CBI apprehended a CGST Superintendent and a tax advocate in Amroha for allegedly accepting a ₹1 lakh bribe as the first installment of a ₹4 lakh demand to waive a GST penalty.
The CCPA has advised e-commerce platforms to conduct self-audits within three months to detect and eliminate ‘dark patterns,’ deceptive design practices. A Joint Working Group has been formed to identify violations and raise consumer awareness.
