The government revised excise rules to formally define how maximum machine speed is calculated for tobacco packing machines. The key takeaway is a standardized formula based on RPM, gear ratio, and cups or funnels.
The India–European Union Free Trade Agreement (FTA) is a comprehensive pact covering trade in goods, services, rules of origin, trade remedies, intellectual property, sustainable development, and institutional mechanisms. On goods, the EU commits to eliminating tariffs on nearly 97% of tariff lines covering over 99% of India’s export value, delivering early gains across sectors such […]
Proposed amendments aim to reduce timelines and simplify procedures for refunds of unclaimed shares and dividends. The changes focus on efficiency, clarity, and investor convenience.
The Registrar of Companies, Kolkata passed an adjudication order under Section 454 of the Companies Act, 2013, imposing penalties for violation of Rule 8(3) of the Companies (Registration Offices and Fees) Rules, 2014 read with Section 450 of the Act. The case arose from the filing of an e-Form MGT-7A containing incorrect particulars, where the […]
Stressing that the MCA registry is a public and relied-upon record, the authority imposed penalties for inaccurate disclosures. The ruling underscores strict compliance expectations for statutory e-filings.
The regulator has consolidated all operative circulars under the LODR framework into a single master reference. The update simplifies compliance while preserving past actions and liabilities.
The notification updates tariff values for edible oils, brass scrap, gold and silver for customs valuation. Importers must apply the revised benchmark values from 31 January 2026.
The government imposed minimum import price limits on key antibiotics to curb low-priced imports. Imports below notified CIF values are restricted for one year, with limited export-linked exemptions.
The Supreme Court upheld the High Court’s quashing of a reassessment notice, holding that reopening based only on existing records was invalid and refusing to condone a 426-day delay.
High Court set aside reassessment proceedings after finding that the notice was based only on existing records, with no new material to justify reopening of the completed scrutiny assessment.
