CBIC prioritizes taxpayer support with GST Pakhwada (June 16-30, 2025) and clarifies DIN requirements for GST portal communications. Customs also made a significant cigarette seizure.
The ruling highlights gaps in recovery proceedings due to unclear role allocation. It strengthens the system by redefining responsibilities under key GST rules.
RBI releases Draft Master Direction for Rupee Interest Rate Derivatives (IRD), updating regulations for market changes, non-resident participation, and enhanced transparency.
IBBI dismissed an RTI appeal on June 16, 2025, citing that requested internal records were either already shared or not held as per RTI Act provisions.
RBI revises commission rates for agency banks from April 1, 2025. Payments vary by transaction type; e-receipts, pensions, and other services restructured.
RBI issues revised master circular directing banks to enhance credit access for SC/STs through focused schemes, planning, and periodic performance reviews.
The RBI released new Master Directions for Electronic Trading Platforms (ETPs), effective June 16, 2025, updating the regulatory framework and setting criteria for operation.
IBBI’s First Appellate Authority upholds CPIO’s denial of RTI request on DHFL fixed deposits, stating queries sought opinions/grievance redressal, not ‘information’.
This case highlights lapses in examining tribunal orders before filing revisions. It mandates detailed legal analysis and reasoned remarks to justify appeals and protect revenue.
India’s Ministry of Finance revises customs tariff values for specified goods, including palm oils, soybean oil, brass scrap, gold, silver, and areca nuts, effective June 14, 2025.
