Bizsol Thinkline

The Directorate General of Foreign Trade (DGFT) has issued Notification No. 11/2025-26 dated 26th May 2025, announcing the restoration of RoDTEP (Remission of Duties and Taxes on Exported Products) benefits for: Advance Authorisation (AA) holders Special Economic Zones (SEZs) Export-Oriented Units (EOUs) These benefits will be applicable to eligible exports with effect from 01.06.2025. 🔹 Key …

Resumption of RoDTEP Benefits for AA, SEZ & EOU Exports – Effective from 01.06.2025 Read More »

The recent killing of tourists in cold blood at Pehelgaon in Kashmir has left ordinary people like me stunned looking at the sheer savagery involved. To kill an unarmed civilian in front of his near and dear is simply revolting whatever be the provocation.  It is simply barbaric.  The recent attack is a horrifying reminder …

From the Desk of Chairman (May 2025) Read More »

The Concept of Infallibilism: The illusion of certainty, something that Donald Trump, the President of the United States seem to believe in, has come to define him and his presidency.  Before we proceed further let me take you through a short etymological tour.  The word “fallible” means capable of making mistakes – or, easier to …

Article on ‘Trump and the Concept of Infallibilism The American President’s Quest for an Elixir to Greatness’, by CS Venkat R Venkitachalam, Chairman, Bizsolindia Services Pvt. Ltd. (May 2025) Read More »

New Section 194T has been inserted in the Income Tax Act, 1961, which states that certain payments made by a Firm to its partners shall be liable for TDS deduction @ 10% w.e.f 1st April, 2025. Provisions reproduced below: “Payments to partners of firms. 194T. (1) Any person, being a firm, responsible for paying any …

Article on ‘Impact of Recent Income Tax Changes on Partner’s Remuneration in Firms’, by CA Preeti Kulkarni, Director, Bizsolindia Services Pvt Ltd (May 2025) Read More »

Fareed Zakaria, the renowned political commentator on world affairs, talked about the preoccupation of Donald Trump on the role of the manufacturing sector in the US economy. Trump is hell-bent on revitalising (according to him) this sector in the US as part of his broader economic agenda. Fareed has some key points on this topic …

From the Desk of Chairman (April 2025) Read More »

Vicissitudes of Human Behaviour: Consider an individual who is given two choices – a guaranteed sum of ₹500 or a 50% chance to win ₹1,000. You are likely to choose ₹500 due to what is known as loss aversion – favouring certainty over potential risk.  The example demonstrates how reference points and loss aversion shape …

Article on ‘ The Prospect Theory The Psychology of Decision Making Under Risk & Uncertainties’, by CS Venkat R Venkitachalam, Chairman, Bizsolindia Services Pvt Ltd (April 2025) Read More »

Micro, Small, and Medium Enterprises (MSMEs) are a crucial part of India’s economy, significantly contributing to employment, innovation, and exports. Recognizing the evolving business landscape, the Government of India has updated the MSME classification criteria, effective April 1, 2025. This article explores the objectives behind this change, outlines the new classification, highlights key benefits, details …

Article on ‘MSME: New Definition 2025 Revised Investment & Turnover Limit and Government Approach’, by Mr. Pravin Arote, Director & CEO, Bizsolindia Services Pvt Ltd (April 2025) Read More »

The Remission of Duties and Taxes on Exported Products (RoDTEP) scheme was introduced by the Government of India to replace the earlier Merchandise Exports from India Scheme (MEIS). The RoDTEP scheme came into effect on January 1, 2021. Introduction of this scheme was also a response to a ruling by the World Trade Organization (WTO) …

Article on ‘All About Annual RoDTEP Return (ARR) – Appendix-4RR’, by CMA Amit Devdhe, Sr. Advisor, Bizsolindia Services Pvt Ltd (April 2025) Read More »

As the Financial Year 2024-25 draws to a close, businesses must fulfill their critical GST compliance obligations. The key tasks are outlined below: Letter of Undertaking (LUT): Apply/Renew for Letter of Undertaking (LUT) for FY 2025-26 on GSTN Portal (required for Exports and SEZ Supplies without payment of GST) Quarterly Return Monthly Payment (QRMP) Scheme …

Article on ‘GST – Important Activities to be carried out at the Year End’, by CS. Anita Patil, Sr.Advisor, Bizsolindia Services Pvt Ltd (April 2025) Read More »

Here is a case involving an important legal issue as regards mortgages in India.  We have different kinds of mortgages prevalent in India – simple mortgages, equitable mortgages, registered mortgages, et al, with ever so subtle differences amongst them. For a layperson the differences between these types of legal documents can be quite challenging. Here …

From the Desk of Chairman (March 2025) Read More »

Introduction: Imagine walking into your favourite electronics store, only to find that your preferred smartphone has suddenly doubled in price. The culprit? Tariffs, an often-misunderstood element of international trade that wields the power to reshape economies, industries, and even our daily lives. But what exactly are tariffs, and how do they influence the intricate dance …

Article on ‘Tariff, Trade & Trump Unraveling the Recent Hullabaloo in World Trade’, CS Venkat R Venkitachalam, Chairman, Bizsolindia Services Pvt Ltd (March 2025) Read More »

Background The Indian Customs system has been undergoing continuous transformation to enhance ease of doing business and facilitate smoother trade across borders. In line with the government’s vision to digitize all remaining Customs processes by mid-2026, the Central Board of Indirect Taxes & Customs (CBIC) has now introduced an automated system for processing refund applications. …

Article on ‘Automation of Refund Application and Processing in Customs: A New Milestone in Trade Facilitation’, by CA Manoj Malpani, Director, Bizsolindia Services Pvt Ltd (March 2025) Read More »

Starting October 1, 2024, the GST portal will implement the Invoice Management System (IMS), a significant step towards enhancing tax compliance and streamlining invoice reconciliation. While currently optional, it is evident that the government envisions IMS as a mandatory compliance tool in the near future. Necessary legal changes have already been introduced to ensure a …

Article on ‘Invoice Management System (IMS) under GST’ by CA Abhishek Malpani, Sr, Advisor, Bizsolindia Services Pvt. Ltd. (March 2025) Read More »

Introduction The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, introduced a critical amendment to the Customs Act, 1962, with the insertion of Section 18A. This provision is a much-awaited reform that provides importers and exporters with the ability to voluntarily revise their bills of entry or shipping bills post-clearance. Historically, businesses faced considerable …

Article on’Section 18A of the Customs Act, 1962 – A Paradigm Shift in Post-Clearance Amendments’ by CA Manoj Malpani, Director, Bizsolindia Services Pvt Ltd (February 2025) Read More »

Just recently in last November I was at Prayag Raj taking a dubki in the holy waters at Sangam at Prayagraj where the Ganga, Yamuna and the mythical Saraswati rivers meet – one of the holiest places as per Hindu mythology. It was part of a small family pilgrimage outing.  If you are brought up …

From the Desk of Chairman (February 2025) Read More »

Prologue: Just as I was about to start on this article, I chanced upon and leafed through the latest issue of “Frontline” magazine (3rd February 25) by sheer accident. There I saw the all too familiar photograph of Dr Manmohan Sigh accompanying an article “Manmohan Sigh: The Heterodox Economist”. That piece had been penned by …

Article on ‘Heterodox Economics – What is it and why is it Important’ by CS Venkat R Venkitachalam, Chairman, Bizsolindia Services Pvt. Ltd. (February 2025) Read More »

I wish you all a Happy New Year! May the year 2025 usher in unprecedented opportunities and unheard-of prosperity to all of us.  It is a long time since our planet and its inhabitants has had a decent year of peace and tranquility. Shaktikanta Das demitted office as the Governor of Reserve Bank of India …

From the Desk of Chairman (January 2025) Read More »

31st December 2024 Dear Dr Singh, You may not be used to see a letter of this kind though you might have been getting glorious communications during your illustrious career on earth and thereafter.  With so many followers for you in this world of which an equal number as your ardent admirers, you may be …

Obituary – Dr. Manmohan Singh, by CS Venkat R Venkitachalam, Chairman, Bizsolindia Services Pvt. Ltd. (January 2025) Read More »

The World of Influencers: Have you heard of Aitana?  Does the name sound familiar?  No?  She is the beauty who is the envy of every woman and is the cynosure of all eyes of all men on our planet.  She is all of 25, a pink-haired woman from Barcelona who receives private messages from all.  …

Article on ‘The Powers and Perils Posed by AI Influencers- Mankind’s Relentless Pursuit of Alternate Reality’ by CS. Venkat R Venkitachalam, Chairman, Bizsolindia Services Pvt. Ltd. (January 2025) Read More »