The notification addresses revision of approved food analysts and laboratories. The authority updated the list by removing certain entries and adding new ones across India.
CBIC updated tariff value tables under the Customs Act while retaining existing rates for key commodities. The ruling ensures continuity in customs valuation for imports like gold, silver, and edible oils.
The DGFT restricted imports of several precious metal items under Chapter 71 with immediate effect. The ruling removes transitional relief, making restrictions applicable despite existing contracts.
The government enforced a tax collection assistance agreement with Japan effective from 8 July 2025. The notification enables cross-border recovery of taxes, strengthening bilateral tax cooperation.
The authority held that accepting a plan from a non-listed applicant violated Regulation 39. The breach led to disciplinary action and suspension for three years
The circular addresses the need for standardized regulatory knowledge among intermediaries. It mandates certification for key personnel to ensure compliance and improve operational standards.
RBI now permits residents to exchange Indian Rupees at forex counters located beyond immigration in airport departure areas. This move enhances convenience for outbound travelers by enabling last-minute currency exchange.
The RBI updated operational rules for Floating Rate Savings Bonds under statutory powers. The revised framework governs issuance, servicing, and investor-related processes.
IBBI introduces IVS as the mandatory framework for all valuations under the Insolvency and Bankruptcy Code. The key takeaway is improved transparency and consistency in asset valuation across insolvency proceedings.
The appellate authority held that RTI applications cannot seek interpretations or clarifications on legal issues like treatment of flats in CIRP. Only existing records held by authorities can be disclosed under the RTI Act.
