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CSR provision Violation: MCA reduces Penalty from ₹1.59 Crore to ₹32.72 Lakh

March 19, 2025 6720 Views 1 comment Print

Vishnupriya Hotels appealed against CSR non-compliance penalties. The Regional Director reduced the fine after reviewing submissions. Read the full case summary.

Internal Auditor Appointment Delay: MCA reduces Penalty

March 19, 2025 285 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

March 19, 2025 375 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.

India Imposes Anti-Dumping Duty on Chinese Vacuum Flasks

March 18, 2025 1074 Views 0 comment Print

India imposes a five-year anti-dumping duty on vacuum insulated flasks from China to protect domestic manufacturers from underpriced imports.

India Imposes Provisional Anti-Dumping Duty on Aluminium Foil

March 18, 2025 510 Views 0 comment Print

India imposes a six-month provisional anti-dumping duty on aluminium foil imports from China to address underpriced imports and protect the domestic industry.

RBI Allows INR-MVR Settlement for Indo-Maldives Trade

March 17, 2025 231 Views 0 comment Print

RBI permits Indo-Maldives trade settlements in Indian Rupees (INR) and Maldivian Rufiyaa (MVR) alongside the ACU mechanism, effective immediately.

RBI Updates on UNSC ISIL & Al-Qaida Sanctions List

March 17, 2025 249 Views 0 comment Print

RBI notifies regulated entities about UNSC’s amendments to ISIL & Al-Qaida sanctions list, ensuring compliance with Section 51A of UAPA, 1967.

CBDT Clarifies Guidance on Principal Purpose Test (PPT)

March 17, 2025 1155 Views 0 comment Print

CBDT issues clarification on Circular 01/2025, stating it applies only to the Principal Purpose Test in certain DTAAs and does not affect other tax provisions.

Biometric Aadhaar Authentication for GST in Uttar Pradesh

March 17, 2025 249 Views 0 comment Print

GSTN introduces biometric Aadhaar authentication and document verification for GST registration applicants in Uttar Pradesh, effective March 15, 2025.

Odisha Govt Clarifies GST Exemption on compensation for Land Acquisition

March 16, 2025 537 Views 0 comment Print

Odisha Finance Department clarifies that GST does not apply to compensation for land and building acquisition, advising government offices to avoid incorrect payments.

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