From May 2025, banks must use only BIS-certified note sorting machines per RBI’s new standards to enhance banknote processing efficiency.
CBDT issues Notification No. 5/2024 for mandatory electronic filing of Forms 3CEDA and 3C-O under Income Tax Rules, effective from October 31, 2024.
IFSC Authority updates Market Infrastructure Institutions Regulations, 2024, enhancing governance, key personnel roles, and trading hours in financial markets.
RBI announces new governance and operational directions for Central Counterparties to enhance compliance and management standards.
The DGFT updates RoDTEP Schedule with new tariff lines and modifications effective October 1, 2024, aligning with Customs Tariff Act changes.
TNGST Act Notification No. 3/2024 sets turnover limits for Deputy State Tax Officers, effective November 1, 2024, for assessment and adjudication.
Amendment in Central Excise Notification 11/2017: New tax rates for Blended Aviation Turbine Fuel under the RCS-UDAN scheme. Effective from October 29, 2024.
The DGFT outlines new export conditions for sesame seeds to the USA, effective November 16, 2024, under Notification No. 38/2024-25.
Bhavishya Portal is mandatory for pension processing, ensuring timely and transparent management of pension cases for Central Civil Pensioners since 2017.
Notification No. 26/2024 updates the Fourth Schedule to the Central Excise Act, 1944, including changes to aviation turbine fuel definitions.
