Team Bizsol

Customs:The CBIC, referencing FSSAI Office Order dated 19.05.2025, has communicated the updated list of 117 approved Bhutanese establishments under the bilateral agreement between FSSAI (India) and BFDA (Bhutan). While the scope of approval has been updated, there is no change in the format of the Health Certificate, list of authorized signatories, or other compliance requirements.(09.06.2025)

Customs: The CBIC, referencing FSSAI Office Order dated 19.05.2025, has communicated the updated list of 117 approved Bhutanese establishments under the bilateral agreement between FSSAI (India) and BFDA (Bhutan). While the scope of approval has been updated, there is no change in the format of the Health Certificate, list of authorized signatories, or other compliance …

Customs:The CBIC, referencing FSSAI Office Order dated 19.05.2025, has communicated the updated list of 117 approved Bhutanese establishments under the bilateral agreement between FSSAI (India) and BFDA (Bhutan). While the scope of approval has been updated, there is no change in the format of the Health Certificate, list of authorized signatories, or other compliance requirements.(09.06.2025) Read More »

Customs:The CBIC has issued a notification to  impose  anti-dumping duty on imports of Insoluble Sulphur from China PR and Japan under Section 9A of the Customs Tariff Act, 1975, read with relevant Anti-Dumping Rules, 1995 (09.06.2025)

The CBIC has issued a notification to  impose  anti-dumping duty on imports of Insoluble Sulphur from China PR and Japan under Section 9A of the Customs Tariff Act, 1975, read with relevant Anti-Dumping Rules, 1995 for the period of 5 years as per following table. Sr. No. Country of Origin Exporting Country Producer Duty Amount …

Customs:The CBIC has issued a notification to  impose  anti-dumping duty on imports of Insoluble Sulphur from China PR and Japan under Section 9A of the Customs Tariff Act, 1975, read with relevant Anti-Dumping Rules, 1995 (09.06.2025) Read More »

Customs: The CBIC has issued a notification to impose anti-dumping duty on the import of Vitamin A Palmitate into India falling under tariff items 29362100, 29362290, 29362800, 29369000, 29362690, and 29362990 of the First Schedule to the Customs Tariff Act, 1975 (09.06.2025)

Customs The CBIC has issued a notification to  impose anti-dumping duty on the import of Vitamin A Palmitate into India  falling under tariff items 29362100, 29362290, 29362800, 29369000, 29362690, and 29362990 of the First Schedule to the Customs Tariff Act, 1975 for the period of 5 years as per following table.   Sr. No. Country …

Customs: The CBIC has issued a notification to impose anti-dumping duty on the import of Vitamin A Palmitate into India falling under tariff items 29362100, 29362290, 29362800, 29369000, 29362690, and 29362990 of the First Schedule to the Customs Tariff Act, 1975 (09.06.2025) Read More »

Bizsol Update (June 2025)

Bizsol Update for the month June 2025. From the Desk of Chairman Article on ‘The Insolvency & Bankruptcy Code on Trial-The Bhushan Steel Judgment: From Closure to Chaos’,  by CS Venkat R Venkitachalam, Chairman, Bizsolindia Services Pvt Ltd Article on ‘Crucial Role Of Resolution Professional In Statutory Compliance Under Insolvency And Bankruptcy Code (Ibc), 2016’ …

Bizsol Update (June 2025) Read More »

Judicial Corner:The High Court held that a writ petition challenging a show cause notice under Section 74 of the CGST Act, 2017, is not maintainable at the preliminary stage. The SCN issued to the assessee contained detailed reasons and was part of the statutory adjudication process.(06.06.2025)

Judicial Corner: The High Court held that a writ petition challenging a show cause notice under Section 74 of the CGST Act, 2017, is not maintainable at the preliminary stage. The SCN issued to the assessee contained detailed reasons and was part of the statutory adjudication process. The Court emphasized that judicial intervention is unwarranted …

Judicial Corner:The High Court held that a writ petition challenging a show cause notice under Section 74 of the CGST Act, 2017, is not maintainable at the preliminary stage. The SCN issued to the assessee contained detailed reasons and was part of the statutory adjudication process.(06.06.2025) Read More »

Income Tax: The Central Board of Direct Taxes (CBDT) has notified ‘Secretary to the Government of Maharashtra, Women and Child Development’ as specified authority u/s 138 for the purposes of sharing of information for identifying eligible beneficiaries under the Mukhyamantri Mazi Ladki Bahin Yojana.(06.06.2025)

Income Tax The Central Board of Direct Taxes (CBDT) has notified ‘Secretary to the Government of Maharashtra, Women and Child Development’ as specified authority u/s 138 for the purposes of sharing of information for identifying eligible beneficiaries under the Mukhyamantri Mazi Ladki Bahin Yojana. [Notification No. 54/2025 dated 03.06.2025]

Article on ‘Crucial Role Of Resolution Professional In Statutory Compliance Under Insolvency And Bankruptcy Code (Ibc), 2016’, by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt Ltd (June 2025)

When a company is unable to pay its debts and goes through the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC), 2016, a person called the Resolution Professional (RP) is appointed to take control of the company. One of the most important responsibilities of the RP is to make sure that …

Article on ‘Crucial Role Of Resolution Professional In Statutory Compliance Under Insolvency And Bankruptcy Code (Ibc), 2016’, by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt Ltd (June 2025) Read More »

Article on ‘The Insolvency & Bankruptcy Code on Trial-The Bhushan Steel Judgment: From Closure to Chaos’, by CS Venkat R Venkitachalam, Chairman, Bizsolindia Services Pvt. Ltd. (June 2025)

The NCLT is directed to initiate the Liquidation proceedings against the Corporate Debtor-BPSL under Chapter III of the IBC and in accordance with law”. With these words, a Bench consisting of J. Bela S Trivedi and J. Satish Chandra Sharma of the Supreme Court of India threw an already approved resolution process as per the …

Article on ‘The Insolvency & Bankruptcy Code on Trial-The Bhushan Steel Judgment: From Closure to Chaos’, by CS Venkat R Venkitachalam, Chairman, Bizsolindia Services Pvt. Ltd. (June 2025) Read More »

Article on ‘India–UK Free Trade Agreement: A New Chapter in Strategic Economic Diplomacy’, by CA Manoj Malpani, Director, Bizsolindia Services Pvt Ltd ( June 2025)

Trade Agreements in the Global Context In an era marked by shifting global trade dynamics and a resurgence of protectionist policies—exemplified by the reciprocal tariffs recently imposed by the United States—free trade agreements (FTAs) stand out as instruments of mutual growth and economic diplomacy. FTAs offer a structured and legally binding platform for countries to …

Article on ‘India–UK Free Trade Agreement: A New Chapter in Strategic Economic Diplomacy’, by CA Manoj Malpani, Director, Bizsolindia Services Pvt Ltd ( June 2025) Read More »

Customs:- The CBIC has issued a instruction which provides for removal of port restrictions and CLRI testing requirements for the export of Finished Leather, Wet Blue Leather, El Tanned Leather, and Crust Leather, with immediate effect.(03.06.2025)

Customs The CBIC has issued a instruction which provides for removal of port restrictions and CLRI testing requirements for the export of Finished Leather, Wet Blue Leather, El Tanned Leather, and Crust Leather, with immediate effect. Accordingly, the following conditions stand revoked: (i) Port-specific export restrictions. (ii) Mandatory testing and certification by CLRI. The earlier …

Customs:- The CBIC has issued a instruction which provides for removal of port restrictions and CLRI testing requirements for the export of Finished Leather, Wet Blue Leather, El Tanned Leather, and Crust Leather, with immediate effect.(03.06.2025) Read More »

MCA : The Ministry of Corporate Affairs (MCA) has announced the launch of the final set of 38 company forms, including 13 annual filing forms and 6 audit/cost audit forms, scheduled to go live on the MCA21 V3 portal from 14th July 2025 at 12:00 AM. This transition is part of MCA’s ongoing efforts to enhance service delivery and digital governance.(03.06.2025)

MCA The Ministry of Corporate Affairs (MCA) has announced the launch of the final set of 38 company forms, including 13 annual filing forms and 6 audit/cost audit forms, scheduled to go live on the MCA21 V3 portal from 14th July 2025 at 12:00 AM. This transition is part of MCA’s ongoing efforts to enhance …

MCA : The Ministry of Corporate Affairs (MCA) has announced the launch of the final set of 38 company forms, including 13 annual filing forms and 6 audit/cost audit forms, scheduled to go live on the MCA21 V3 portal from 14th July 2025 at 12:00 AM. This transition is part of MCA’s ongoing efforts to enhance service delivery and digital governance.(03.06.2025) Read More »

Judicial Corner: Allahabad High Court Held that the mere presence of excess stock during search proceedings does not warrant confiscation under Section 130 of the CGST Act. Where excess stock is found, the proper course is to initiate proceedings under Sections 73/74 for tax determination. Since the Act provides a specific mechanism for such situations, invoking Section 130 is unsustainable. Accordingly, confiscation orders were quashed. (02.06.2025)

Judicial Corner Allahabad High Court Held that the mere presence of excess stock during search proceedings does not warrant confiscation under Section 130 of the CGST Act. Where excess stock is found, the proper course is to initiate proceedings under Sections 73/74 for tax determination. Since the Act provides a specific mechanism for such situations, …

Judicial Corner: Allahabad High Court Held that the mere presence of excess stock during search proceedings does not warrant confiscation under Section 130 of the CGST Act. Where excess stock is found, the proper course is to initiate proceedings under Sections 73/74 for tax determination. Since the Act provides a specific mechanism for such situations, invoking Section 130 is unsustainable. Accordingly, confiscation orders were quashed. (02.06.2025) Read More »

Judicial Corner : ITAT condoned delay in filing appeal as order passed by CIT(E) was served on email ID which wasn’t checked regularly {Shriram Paropkari Trust vs. Commissioner of Income-tax Exemption [2025] 174 taxmann.com 787 (Jaipur – Trib)} (31.05.2025)

Judicial Corner:  ITAT condoned delay in filing appeal as order passed by CIT(E) was served on email ID which wasn’t checked regularly {Shriram Paropkari Trust vs. Commissioner of Income-tax Exemption [2025] 174 taxmann.com 787 (Jaipur – Trib)}

Judicial Corner : Matter remanded for re-adjudication as SCN was issued post cancellation of registration when assessee lacked portal access [{Grilled Roti vs. Commissioner of Delhi Goods and Services Tax [2025] 174 taxmann.com 834 (Delhi)} (30.05.2025)

Matter remanded for re-adjudication as SCN was issued post cancellation of registration when assessee lacked portal access [{Grilled Roti vs. Commissioner of Delhi Goods and Services Tax [2025] 174 taxmann.com 834 (Delhi)}]

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