Daily Updates

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)}

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)}]

DGFT: The Director General of Foreign Trade (DGFT) has authorized the Ayush Export Promotion Council (AYUSHEXCIL) to issue Certificates of Origin (Non-Preferential) under Appendix 2E of the Foreign Trade Policy (FTP) 2023, with immediate effect. Accordingly, AYUSHEXCIL has been added at Serial No. 19 (Delhi) of Appendix 2E in the list of authorized agencies. This …

DGFT : The Director General of Foreign Trade (DGFT) has authorized the Ayush Export Promotion Council (AYUSHEXCIL) to issue Certificates of Origin (Non-Preferential) under Appendix 2E of the Foreign Trade Policy (FTP) 2023, with immediate effect. Accordingly, AYUSHEXCIL has been added at Serial No. 19 (Delhi) of Appendix 2E in the list of authorized agencies. This enables exporters in the Ayush sector to obtain non-preferential CoOs through AYUSHEXCIL, thereby streamlining the export process for Ayush-related products. (30.05.2025) Read More »

Judicial Corner Writ withdrawal to be allowed with liberty to assessee to file appeal before GST Appellate Tribunal

Judicial Corner Restoration of Suspended GST Registration Allowed: Assessee Directed to Comply with Tax Formalities Within 7 Days.

Income Tax The Central Board of Direct Taxes (CBDT) has extended the due date for filing of return of Income for Assessment year 2025-26 from the existing July 31, 2025, to September 15, 2025.

DGFT: The Central Government has removed export restrictions previously imposed on Finished Leather, Wet Blue Leather, Crust Leather, and El Tanned Leather. With this notification, Public Notice No. 23(RE-2013)/2009-14 dated 13th August 2013, along with its subsequent amendments, stands rescinded. Consequently, the following conditions are revoked with immediate effect: (i) Port restrictions on the export …

DGFT:The Central Government has removed export restrictions previously imposed on Finished Leather, Wet Blue Leather, Crust Leather, and El Tanned Leather. With this notification, Public Notice No. 23(RE-2013)/2009-14 dated 13th August 2013, along with its subsequent amendments, stands rescinded.(27.05.2025) Read More »

DGFT: The Central Government has amended the Import Policy Conditions for Cabinet Hinges classified under Chapter 83 of the ITC (HS), 2022 Schedule I (Import Policy). While imports under HS Codes 83021010, 83021090, 83024200, and 83024900 continue to be under the ‘Free’ category, a revised condition has been introduced stating that Cabinet Hinges with a …

DGFT:The Central Government has amended the Import Policy Conditions for Cabinet Hinges classified under Chapter 83 of the ITC (HS), 2022 Schedule I (Import Policy). While imports under HS Codes 83021010, 83021090, 83024200, and 83024900 continue to be under the ‘Free’ category, a revised condition has been introduced stating that Cabinet Hinges with a CIF value of less than ₹280 per kilogram will now be treated as ‘Restricted’. This policy amendment has been made to regulate the import of low-value hardware fittings and is effective immediately, with the approval of the Minister of Commerce & Industry.(27.05.2025) Read More »

DGFT: The Central Government has amended the Import Policy Condition for Roller Chains and parts thereof under Chapter 73 of the ITC (HS), 2022 Schedule I (Import Policy). The amendment stipulates that while imports under HS Codes 73151100, 73151900, and 73159000 remain under the ‘Free’ import category, a new condition is introduced whereby imports of …

DGFT: The Central Government has amended the Import Policy Condition for Roller Chains and parts thereof under Chapter 73 of the ITC (HS), 2022 Schedule I (Import Policy). The amendment stipulates that while imports under HS Codes 73151100, 73151900, and 73159000 remain under the ‘Free’ import category, a new condition is introduced whereby imports of roller chains and their parts having a CIF value of less than ₹235 per kilogram are now classified as ‘Restricted’. This restriction is effective immediately and has been issued with the approval of the Minister of Commerce & Industry, aiming to regulate the import of lower-value roller chains and protect domestic industry standards.(27.05.2025) Read More »

DGFT: The Central Government has amended Para 4.41(5) of the Foreign Trade Policy (FTP) 2023 to update the name of the designated gem certification agency. The existing entry “International Gemmological Institute (India) Pvt. Ltd., Bandra Kurla Complex, Mumbai” has been revised to “International Gemmological Institute (India) Limited, Bandra Kurla Complex, Mumbai” with immediate effect. This …

DGFT:The Central Government has amended Para 4.41(5) of the Foreign Trade Policy (FTP) 2023 to update the name of the designated gem certification agency. The existing entry “International Gemmological Institute (India) Pvt. Ltd., Bandra Kurla Complex, Mumbai” has been revised to “International Gemmological Institute (India) Limited, Bandra Kurla Complex, Mumbai” with immediate effect. This amendment is a name correction and does not impact the functional scope of the agency. The notification has been issued with the approval of the Minister of Commerce & Industry.(27.05.2025) Read More »

DGFT: The Central Government has announced the restoration of RoDTEP (Remission of Duties and Taxes on Exported Products) benefits for Advance Authorisation (AA) holders, Special Economic Zones (SEZs), and Export-Oriented Units (EOUs), effective from 01 June 2025. This move reinstates RoDTEP support for these categories of exporters, which had been excluded earlier. The applicable rates …

DGFT: The Central Government has announced the restoration of RoDTEP (Remission of Duties and Taxes on Exported Products) benefits for Advance Authorisation (AA) holders, Special Economic Zones (SEZs), and Export-Oriented Units (EOUs), effective from 01 June 2025. This move reinstates RoDTEP support for these categories of exporters, which had been excluded earlier.(27.05.2025) Read More »

DGFT: The Central Government has announced amendments to Appendix 4R of the RoDTEP (Remission of Duties and Taxes on Exported Products) Scheme, effective from 1st May 2025. These amendments are necessitated by changes introduced in the First Schedule of the Customs Tariff Act, 1975, via the Finance Act, 2025. The revised RoDTEP rates and value …

DGFT:The Central Government has announced amendments to Appendix 4R of the RoDTEP (Remission of Duties and Taxes on Exported Products) Scheme, effective from 1st May 2025. These amendments are necessitated by changes introduced in the First Schedule of the Customs Tariff Act, 1975, via the Finance Act, 2025.(27.05.2025) Read More »

Customs The Central Board of Indirect Taxes and Customs (CBIC) amends Notification No. 63/1994-Customs (N.T.) to include the railway line connecting Raxaul in India and Birganj in Nepal as an approved route for customs transit. This addition, made under the powers conferred by Section 7(1)(b) and (c) of the Customs Act, 1962, aligns with the …

Customs: The Central Board of Indirect Taxes and Customs (CBIC) amends Notification No. 63/1994-Customs (N.T.) to include the railway line connecting Raxaul in India and Birganj in Nepal as an approved route for customs transit.(26.05.2025) Read More »

Customs CBIC has provided procedural guidance for the export of seized or confiscated Red Sanders, in compliance with DGFT Notification No. 50/2015-20 dated 27.12.2022. It mandates that such exports be carried out only by designated PSUs, State Trading Corporations (STCs), or State Trading Enterprises (STEs), which must obtain a separate export authorisation from DGFT under …

Customs: CBIC has provided procedural guidance for the export of seized or confiscated Red Sanders, in compliance with DGFT Notification No. 50/2015-20 dated 27.12.2022. It mandates that such exports be carried out only by designated PSUs, State Trading Corporations (STCs), or State Trading Enterprises (STEs), which must obtain a separate export authorisation from DGFT under Para 3(ii) of Notification No. 47/(RE-2013)/2009-2014 dated 24.10.2013.(23.05.2024) Read More »

Income Tax The Central Board of Direct Taxes (CBDT) has notified a revised ITR-U form, used for filing updated returns of income under section 139(8A). The revision enables taxpayers to file updated returns for a period of up to 48 months from the end of the relevant assessment year. (Notification No. 49/2025 dated 20th May …

Income Tax: The Central Board of Direct Taxes (CBDT) has notified a revised ITR-U form, used for filing updated returns of income under section 139(8A). The revision enables taxpayers to file updated returns for a period of up to 48 months from the end of the relevant assessment year. (20.05.2025) Read More »

Judicial Update The High Court quashed the impugned order noting that the issue had already been decided by the CGST Department. It directed the State GST Department to reconsider the matter afresh ensuring no duplication of proceedings. [Sun Automation Ltd. vs. Sales Tax Officer Class II {[2025] 174 taxmann.com 616 (Delhi)}]

Judicial Update: The High Court declined to entertain the writ petition, holding that the assessee should pursue the statutory appellate remedy to contest the penalty imposed for a discrepancy in the vehicle number on the e-way bill. [ Pawan Carrying Corporation vs. State of West Bengal {[2025] 174 taxmann.com 269 (Calcutta)}]

DGFT: The Central Government has amended Schedule-II (Export Policy) of ITC (HS) 2022 to align it with the changes introduced by the Finance Act, 2025 dated 29th March 2025. Issued under the powers conferred by Sections 3 and 5 of the Foreign Trade (Development & Regulation) Act, 1992 and Paragraphs 1.02 and 2.01 of the …

DGFT:The Central Government has amended Schedule-II (Export Policy) of ITC (HS) 2022 to align it with the changes introduced by the Finance Act, 2025 dated 29th March 2025. Issued under the powers conferred by Sections 3 and 5 of the Foreign Trade (Development & Regulation) Act, 1992 and Paragraphs 1.02 and 2.01 of the Foreign Trade Policy 2023, this notification introduces, deletes, amends, splits, or merges specific ITC (HS) codes, as detailed in Annexure-I.(19.05.2025) Read More »

DGFT: The Central Government has amended the Import Policy and Policy Conditions of specific ITC (HS) codes under Chapter 71 of Schedule-I (Import Policy) of ITC (HS) 2022, in line with the changes introduced by the Finance Act, 2025 dated 29th March 2025. This amendment includes the deletion of certain codes and the introduction of …

DGFT:The Central Government has amended the Import Policy and Policy Conditions of specific ITC (HS) codes under Chapter 71 of Schedule-I (Import Policy) of ITC (HS) 2022, in line with the changes introduced by the Finance Act, 2025 dated 29th March 2025 (19.05.2025) Read More »