New Diamond Imprest Authorisation scheme by DGFT supports diamond exports. Eligibility, duties exempted, and export obligations explained. Effective 01.04.2025.
Circular detailing monetary limits for filing appeals by Kerala SGST Department to GSTAT, High Courts, and Supreme Court, ensuring reduced litigation and clarity.
Income-tax Amendment Rules 2025 defines tax provisions for non-resident cruise operators under Section 44BBC, detailing conditions for ship operations in India.
Clarification on application fees for duty drawback rate extensions: exporters to pay per application, not per shipping bill. Effective under Drawback Rules, 2017.
Circular No. 01/2025 outlines the application of the Principal Purpose Test (PPT) under India’s Double Taxation Avoidance Agreements (DTAAs) for treaty compliance.
DGFT announces relief in Average Export Obligation under EPCG for sectors with over 5% export decline in 2023-24, easing compliance for exporters.
Revised export quotas for Agarwood chips, powder, and agar oil under DGFT notification. Annual limits increased for 2024-27 with strict compliance requirements.
Highlights of Swachhata Pakhwada 2025, luxury car customs duty evasion of Rs. 20 crore, and foreign currency smuggling case worth Rs. 1.35 crore at IGI Airport.
Kerala SGST issues guidelines on issuing separate notices for Sections 73 and 74. Ensures clarity and uniformity in handling GST disputes.
SEBI revises ESG rating review timelines, extending the period to 45 days for updates triggered by BRSR publication, effective immediately. Other reviews remain at 10 days.
