The government amended an earlier excise notification to revise the applicable rate to ₹24 per litre. The change has been made in public interest and takes effect immediately. It ensures consistency with recent duty revisions and impacts applicable petroleum product taxation.
Government has increased Road and Infrastructure Cess on high speed diesel to ₹36 per litre through a new notification. The change has been implemented with immediate effect, citing urgent fiscal requirements.
Finance Ministry increases Special Additional Excise Duty on high speed diesel to Rs 24 per litre by amending Eighth Schedule, effective immediately.
The amendment extends the MEP of USD 1400 per metric ton for honey exports. The ruling does not introduce new conditions but prolongs the existing framework. Exporters must comply with the unchanged threshold.
The notification introduces mandatory veterinary certification requirements for feather exports. The key takeaway is stricter compliance while retaining free export status.
The government restricts the mandatory inspection certificate requirement to EU nations and select European countries. Exporters shipping to other European regions get a six-month compliance relief, simplifying export procedures.
The issue was fragmented regulations on NRI debt investments. RBI consolidated and updated directions to streamline compliance under FEMA.
RBI has designated Union Bank of India as the Lead Bank for Polavaram and Markapuram districts. The move ensures smooth banking coordination and financial inclusion in newly created districts.
CBDT clarified the presentation of error categories in Form U. The update ensures clearer reporting of incorrect income heads and loss adjustments for accurate compliance.
The corrigendum corrects technical errors in multiple ITR schedules, including CG and CYLA. It ensures accurate reporting and smoother tax compliance for taxpayers.
