New regulations effective April 24, 2025, eliminate all fees for transshipment applications of imported goods at all customs stations.
RBI introduces a cap of ₹2,00,000 on the maximum compounding amount for certain FEMA contraventions. Details for banks and constituents.
RBI extends the deadline for banks to implement BIS standards for note sorting machines to November 1, 2025, due to implementation challenges
DGFT Public Notice 03/2025-26 introduces SION A-3685 for Doxycycline 100mg Dispersible Tablets. Details import quantity allowed for export production.
Learn about the RBI’s Currency Distribution & Exchange Scheme (CDES) offering incentives to banks for soiled note exchange, coin distribution, and currency chest operations.
Learn about the Goods and Services Tax Appellate Tribunal (Procedure) Rules, 2025, including appeal filing, hearings, and other key processes.
CBDT notification details income tax exemption for Mysore Palace Board. Covers income from palace, fees, rent from government agencies, and bank interest.
NPCI mandates stricter beneficiary name display rules for UPI transactions. Only verified bank names will show to reduce errors and fraud. Compliance is required by June 2025.
Goa Finance Dept issues circular clarifying proper discount treatment in tax invoices under GVAT Act, 2005, and outlines correct VAT calculation method.
BIC appoints officers for show cause notice adjudication related to Customs Act, 1962. Details of adjudicating authorities and noticees are provided.
