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Notifications/Circulars

Amendment to India-UAE CEPA Rates w.e.f. 24th day of July, 2024

July 23, 2024 1749 Views 0 comment Print

Notification No. 31/2024-Customs updates Table III entries for S. No. 12, with new values effective July 24, 2024, under the Customs Act, 1962.

Changes in Basic Customs Duty (BCD) on various goods wef 24th July 2024

July 23, 2024 6459 Views 0 comment Print

Explore the key changes in Notification No. 30/2024-Customs, including new tariff entries, revised duty rates, and updates effective October 1, 2024.

Duty free import of commercial samples – Revised Threshold: Rs. 3,00,000

July 23, 2024 3165 Views 0 comment Print

Notification No. 29/2024-Customs amends duty-free import limits of commercial samples under Notification No. 154/94-Customs, raising the limit from Rs. 1,00,000 to Rs. 3,00,000.

IBBI Imposes ₹50,000 Penalty on Insolvency Professionals for Non-Cooperation

July 23, 2024 570 Views 0 comment Print

Read about the IBBI Disciplinary Committee’s decision on Mr. S. Diraviam regarding alleged violations during a corporate insolvency resolution process. Insights on findings, penalties, and implications discussed.

IRDAI imposes penalty on Care Health Insurance for ESOP Violation

July 23, 2024 990 Views 0 comment Print

Explore IRDAI’s order against Care Health Insurance Ltd. for ESOP violations. Detailed analysis of legal implications, penalties imposed, and compliance directives.

Budget 2024: Changes in Custom duty & GST – D.O. Letter

July 23, 2024 7548 Views 0 comment Print

On July 23, 2024, the Finance Minister introduced the Finance (No.2) Bill, 2024 in the Lok Sabha, marking a significant legislative milestone in the realm of taxation and customs regulations in India. This introduction follows the directive issued under D.O. F. No. 334/04/2024-TRU from New Delhi on the same date. The Bill proposes a comprehensive […]

Finance Bill 2024 / Final Budget 2024-25

July 23, 2024 15108 Views 0 comment Print

Finance Minister Nirmala Sitharaman introduced the Finance Bill 2024 and the Final Budget for the fiscal year 2024-25 in the Lok Sabha on July 23, 2024. This budget, which marks her seventh consecutive presentation, outlines the government’s financial strategy and priorities for the upcoming year. The budget aims to stimulate economic growth, ensure fiscal discipline, […]

Consultative Group on Faceless Assessment at JNCH

July 23, 2024 573 Views 0 comment Print

Read about the formation of Consultative Group on Faceless Assessment (CGFA) at JNCH, aimed at reducing delays in cargo clearance and improving trade facilitation. Public Notice 64/2024.

Provisional attachment of bank account(s): Section 110(5) of Customs Act, 1962

July 22, 2024 1539 Views 0 comment Print

Review CBICs Instruction No. 19/2024 on provisional bank account attachment under Section 110(5) of the Customs Act. Key compliance and procedural details.

Maharashtra Shops & Establishments Act Amended 2024

July 22, 2024 4680 Views 0 comment Print

Maharashtra amends Shops & Establishments Rules 2018, requiring insurance certificates in various forms to enhance compliance and employee safety.

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