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Budget 2025: Customs Duty Exemptions on Rationalized Tariff Goods

February 1, 2025 11292 Views 0 comment Print

Notification 04/2025-Customs exempts import duty on specified goods as part of tariff rationalization, effective February 2, 2025. Read details on exempted items here.

Budget 2025: Export Duty Reduced on Crust Leather

February 1, 2025 2235 Views 0 comment Print

Govt amends Notification No. 27/2011-Customs, effective 2nd Feb 2025, to reduce export duty on crust leather. Check details on updated duty rates and categories.

SEBI Draft Circular on UPI Transfers: Public Consultation

February 1, 2025 759 Views 0 comment Print

SEBI seeks public comments on its draft circular for secure UPI transfers in the securities market. Submit suggestions by Feb 21, 2025.

MoCA Updates on GST Exemption for Foreign Airlines Services

January 31, 2025 2073 Views 0 comment Print

MoCA shares details on the GST exemption for foreign airlines services based on 2024 recommendations, with updates on designated airlines and conditions.

SEBI Extends Suspension on Commodity Derivatives Till March 31, 2025

January 31, 2025 636 Views 0 comment Print

SEBI extends suspension of trading in key commodity derivatives, including wheat and crude palm oil, until March 31, 2025, to regulate market volatility.

Inclusion of sharpeners & erasers with pencil kits is mixed supply: GST AAAR Gujarat

January 31, 2025 999 Views 0 comment Print

Gujarat AAAR confirms 12% GST on DOMS stationery kits, ruling them as mixed supplies. Appeal against earlier Advance Ruling rejected.

Gujarat AAAR Rejects Tax Exemption Appeal of Data Processing Forms

January 31, 2025 792 Views 0 comment Print

Gujarat AAAR denies tax exemption for Data Processing Forms P Ltd., ruling that services to GPSC and GPSSB do not qualify under GST notification 12/2017-CT (R).

Failure to Appoint Resident Director: MCA reduces Penalty from ₹6 Lakh to ₹60000

January 31, 2025 888 Views 0 comment Print

Vishnupriya Hotels’ appeal led to a penalty reduction for non-compliance with Section 149(3) of the Companies Act. The company paid Rs. 60,000 after adjudication.

Internal Auditor Appointment Delay: MCA reduces Penalty

January 31, 2025 909 Views 0 comment Print

Konoria Plaschem faced penalties for failing to appoint an internal auditor from 2014-2020. The fine was reduced on appeal. Read the case details.

Board Meeting Lapses: MCA reduces Penalty from ₹28.5 Lakh to ₹2.85 Lakh

January 31, 2025 780 Views 0 comment Print

Water & Sanitation (India) for Urban Poor failed to hold board meetings from 2011-2019, leading to penalties. The fine was later reduced on appeal.

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