Daily Updates

Customs:  The anti-dumping duty on imports of Fluoroelastomers (FKM) from China has been extended until 26th February 2026. This duty, first imposed on 27th November 2020 to counter low-priced dumping, has been continued after a review initiated in June 2025. It shall remain in force unless amended, revoked, or withdrawn earlier. (Notification No. 29/2025-Customs (ADD), …

Customs:The anti-dumping duty on imports of Fluoroelastomers (FKM) from China has been extended until 26th February 2026. This duty, first imposed on 27th November 2020 to counter low-priced dumping, has been continued after a review initiated in June 2025. It shall remain in force unless amended, revoked, or withdrawn earlier.(21.08.2025) Read More »

Custom The anti-dumping duty on imports of Toluene Di-isocyanate (TDI) from the European Union and Saudi Arabia has been extended. The duty, first imposed in April 2021, will remain in force until 1st March 2026 while the review is ongoing. The extension is aimed at protecting Indian industry from unfairly cheap imports. (Notification No. 28/2025- …

Customs:The anti-dumping duty on imports of Toluene Di-isocyanate (TDI) from the European Union and Saudi Arabia has been extended. The duty, first imposed in April 2021, will remain in force until 1st March 2026 while the review is ongoing. The extension is aimed at protecting Indian industry from unfairly cheap imports.(21.08.2025) Read More »

DGFT The Foreign Trade Policy, 2023 has been amended regarding the Diamond Imprest Authorization (DIA). for relaxation in ITR requirement (Para 4.61) Exporters are now allowed to submit a Chartered Accountant’s certificate if their latest Income Tax Return is not filed, subject to providing proof of ITR by 31st December of the application year. Additionally, …

DGFT:The Foreign Trade Policy, 2023 has been amended regarding the Diamond Imprest Authorization (DIA). for relaxation in ITR requirement (Para 4.61) Exporters are now allowed to submit a Chartered Accountant’s certificate if their latest Income Tax Return is not filed, subject to providing proof of ITR by 31st December of the application year. Additionally, change in duty exemptions (Para 4.63) while imports under DIA remain exempt from Basic Customs Duty and other specified duties, the exemption from Integrated Tax (IGST) and Compensation Cess has been withdrawn, increasing import costs.(21.08.2025) Read More »

Income Tax The Income-tax (22nd Amendment) Rules, 2025, effective 18th August 2025, revise limits under section 17(2). The salary threshold for “specified employee” per non-monetary perquisites rises from ₹50,000 to ₹4,00,000 (Rule 3C), and the gross total income limit for overseas medical exemption increases from ₹2,00,000 to ₹8,00,000 (Rule 3D), providing relief to lower and …

Income Tax: The Income-tax (22nd Amendment) Rules, 2025, effective 18th August 2025, revise limits under section 17(2). The salary threshold for “specified employee” per non-monetary perquisites rises from ₹50,000 to ₹4,00,000 (Rule 3C), and the gross total income limit for overseas medical exemption increases from ₹2,00,000 to ₹8,00,000 (Rule 3D), providing relief to lower and middle-income employees.(21.08.2025) Read More »

Ex-parte order set aside due to lack of opportunity for hearing to assessee by AO Madras High Court { CSM Animal Husbandry and Agri Tech V/s DC, GST Appeals (2025) 33 Centax 77 (Mad.)}   Facts A Show Cause Notice was issued to the assessee only through the GST portal. The assessee claimed they were …

Judicial Corner:Ex-parte order set aside due to lack of opportunity for hearing to assessee by AO Madras High Court (19.08.2025) Read More »

Time limit of 60 days for processing refund application is mandatory and non-compliance vitiates order – Calcutta High Court {Suraj Mangar V/s Assistant Commissioner of WB State Tax (2025) 33 Centax 70 (Cal.)}     Facts: Applicant filed refund claim for the period Feb 2021 to Aug 2021. Refund was rejected by Proper Officer. Applicant …

Judicial Corner:Time limit of 60 days for processing refund application is mandatory and non-compliance vitiates order – Calcutta High Court(18.08.2025) Read More »

Income Tax: The Income-tax (Twenty-First Amendment) Rules, 2025, effective September 1, 2025, amend Form No. 7 in Appendix-II of the Income-tax Rules, 1962. The phrase “assessment year a sum” is revised to “assessment year or the block period, as the case may be, a sum,” broadening applicability to both assessment years and block periods. (Notification …

Income Tax: The Income-tax (Twenty-First Amendment) Rules, 2025, effective September 1, 2025, amend Form No. 7 in Appendix-II of the Income-tax Rules, 1962. The phrase “assessment year a sum” is revised to “assessment year or the block period, as the case may be, a sum,” broadening applicability to both assessment years and block periods.(18.08.2025) Read More »

Income Tax The Taxation Laws (Amendment) Bill, 2025 proposes three major reforms. First, it provides tax exemptions for pensioners, allowing 60% of the NPS corpus and lump-sum payments under the Unified Pension Scheme to be tax-free, promoting retirement security. Second, it extends international tax exemptions by including Saudi Arabia’s Public Investment Fund and subsidiaries as …

Income Tax: The Taxation Laws (Amendment) Bill, 2025 proposes three major reforms. First, it provides tax exemptions for pensioners, allowing 60% of the NPS corpus and lump-sum payments under the Unified Pension Scheme to be tax-free, promoting retirement security.(18.08.2025) Read More »

DGFT Port restricts import of specified jute products (woven fabrics, twine, cordage, sacks, bags) from Bangladesh. Such imports are prohibited via India-Bangladesh land ports and allowed only through Nhava Sheva Seaport. Other conditions of Notification No. 21/2025-26 remain unchanged. (DGFT Notification No. 24/2025-26, dated 11.08.2025)

Customs: The revised tariff values under Section 14(2) of the Customs Act, 1962 for edible oils, brass scrap, gold, silver, and areca nuts. The updated values take effect from 15th August 2025, superseding earlier rates notified. TABLE-1: Edible Oils and Brass Scrap (Tariff Value in USD per Metric Tonne) Sl. No. Chapter / Heading / …

Customs: The revised tariff values under Section 14(2) of the Customs Act, 1962 for edible oils, brass scrap, gold, silver, and areca nuts. The updated values take effect from 15th August 2025, superseding earlier rates notified.(18.08.2025) Read More »

Custom The extended anti-dumping duty on imports of woven fabric containing over 50% flax (Flax Fabric) from China PR and Hong Kong, originally imposed vide Notification No. 35/2020-Customs (ADD). The duty will remain effective until 9th February 2026, unless amended or revoked earlier. (Notification No. 27/2025-Customs (ADD), Dated: 06.08.2025)

HC: Matter remanded as ITAT didn’t consider assessee’s argument on non-mentioning of DIN in assessment order { Skyway Infraprojects (P.) Ltd.  vs. Dy./Asst. Commissioner of Income-tax, Central [2025] 176 taxmann.com 992 (Bombay)} Facts: Skyway Infraprojects Pvt. Ltd. challenged assessment orders for AYs 2013–14 to 2020–21, arguing they were invalid as they lacked a mandatory Document …

HC: Matter remanded as ITAT didn’t consider assessee’s argument on non-mentioning of DIN in assessment order (14.08.2025) Read More »

No writ against order confirming demand of ineligible ITC assessee was to be relegated to remedy of appeal – Delhi High Court {V.K. Enterprises V/s Additional Commissioner CGST, Delhi West – (2025) 32 Centax 457 (Del.)} Facts: Show cause notice alleged assessee took ineligible ITC from a non-existent firm. Assessee claimed reply wasn’t considered and …

Judicial Corner : No writ against order confirming demand of ineligible ITC assessee was to be relegated to remedy of appeal – Delhi High Court. (13.08.2025) Read More »

No penalty under sec. 129 of UPGST Act on mere speculation of undervaluation detention order quashed { Tirupati Agro Commodities V/s State of U.P. (2025) 32 Centax 435 (All.) – Allahabad High Court } Facts A truck carrying goods was stopped, and the authorities detained the goods under Section 129 of the UPGST Act. The …

Judicial Corner : No penalty under sec. 129 of UPGST Act on mere speculation of undervaluation detention order quashed. (12.08.2025) Read More »

ITC can be transferred during amalgamation of companies even if companies are located in different States – Bombay High Court {Umicore Autocat India Pvt. Ltd. V/s Union of India – (2025) 32 Centax 416 (Bom.)} Facts: A Goa-based company (transferor) amalgamated with a Maharashtra-based company (transferee – the petitioner). Petitioner applied to transfer the unutilized …

Judicial Corner: TC can be transferred during amalgamation of companies even if companies are located in different States – Bombay High Court (11.08.2025) Read More »

Service tax demand based solely on discrepancies between sales records and Form 26AS is invalid; Form 26AS (derived from IT law) cannot be the sole basis. Independent proof of taxable service is required. { Aneri Construction Pvt. Ltd. v. Commissioner of Central Excise & Service Tax (2025) 30 Centax 266 (CESTAT‑Ahmedabad)} Facts: The Department issued a service tax demand …

Judicial Corner: Service tax demand based solely on discrepancies between sales records and Form 26AS is invalid; Form 26AS (derived from IT law) cannot be the sole basis. Independent proof of taxable service is required (07.08.2025) Read More »

No power to place refund in abeyance for incorrect utilisation of ITC unconnected with refund order – Supreme Court {Union of India V/s HCC VCCL Joint Venture (2025) 32 Centax 405 (S.C.)}   Issue: Whether a refund order can be placed in abeyance under Section 108 of the CGST Act based on allegations unrelated to …

Judicial Corner: No power to place refund in abeyance for incorrect utilisation of ITC unconnected with refund order – Supreme Court (06.08.2025) Read More »

Custom The Government has extended anti-dumping duty for five years on “Black Toner in powder form” imported from China PR, Malaysia, and Taiwan, following the DGTR’s review confirming continued dumping and injury to domestic industry. The duty aims to prevent likely market diversion and injury upon cessation. Specific rates apply based on origin, export country, …

Customs: The Government has extended anti-dumping duty for five years on “Black Toner in powder form” imported from China PR, Malaysia, and Taiwan, following the DGTR’s review confirming continued dumping and injury to domestic industry. The duty aims to prevent likely market diversion and injury upon cessation. Specific rates apply based on origin, export country, and producer.(05.08.2025) Read More »

Assessing Officer can not debit disputed interest amount from cash ledger if assessee has already filed appeal – Karnataka High Court {Britannia Industries Ltd. V/s Asst. Comm. of Commercial Taxes- (2025) 32 Centax 325 (Kar.)} Issue: Whether the Assessing Officer was justified in debiting the disputed interest amount from the taxpayer’s cash ledger during the …

Judicial Corner : Assessing Officer can not debit disputed interest amount from cash ledger if assessee has already filed appeal – Karnataka High Court. (02.08.2025) Read More »

DGFT: Clarifying the export regulations for “Organic Textiles.” Circular supersedes a previous requirement, stating that a Transaction Certificate (TC) from a National Accreditation Board (NAB)-accredited body is no longer mandatory at the time of export for organic textile product. (Policy Circular No. 03 /2025-26, dated 31.07.2025)