DGFT: The Import Policy of items covered under CTH 2843 is revised from “Free” to “Restricted” with immediate effect. [Notification No. 18/2025-26 dated 19.06.2025]
DGFT: Import policy of Palladium and Rhodium under ITC(HS) codes 71102100, 71102900 and 71103100 is amended to stipulate that import of Palladium and Rhodium alloy containing gold of more than 1% by weight is “Restricted”. [Notification No. 18/2025-26 dated 17.06.2025]
DGFT: Export of Pharma Grade Sugar upto a total of 25,000 MTs per financial year shall be permitted to Bonafide Pharma Exporters against a restricted Export Authorisation. [Notification No. 17/2025-26 dated 17.06.2025]
Customs: The CBIC has extended the use of ICETABs (Inspection and Clearance Electronic Tablets) to export examination and clearance processes, effective from 19th June 2025, following its successful implementation in import examinations. ICETABs will allow examining officers to digitally access the Shipping Bill, examination orders, RMS instructions, and supporting documents, eliminating the need for paper-based …
Customs: The Government of India has imposed definitive anti-dumping duty on imports of Pretilachlor in any form and its intermediate PEDA (2,6-diethyl-n-(2-propoxy ethyl) aniline) originating in or exported from China PR. This action follows the final findings of the DGTR, which concluded that these goods were being dumped in India at prices below normal value, …
Customs: The Government of India, via Notification No. 16/2025-Customs (ADD) dated 19th June 2025, has imposed definitive anti-dumping duty on imports of Acetonitrile falling under subheading 2926 90, originating in or exported from China PR, Russia, and Taiwan. The duty follows the final findings of the DGTR, which concluded that these imports were made at …
Customs The Government of India has imposed a definitive anti-dumping duty on imports of Aluminium Foil up to 80 microns originating in or exported from China PR, following final findings by the Directorate General of Trade Remedies (DGTR). The investigation concluded that the goods were being dumped in India at unfair prices, causing material injury …
No deduction is allowed for any amount that shares the character of a tax, rate, or levy when computing income under the head ‘Profits and Gains of Business or Profession’. Accordingly, amounts such as education cess and higher secondary education cess are not eligible for deduction, as they form part of the overall tax liability …
Judicial Corner : The Gujarat High Court held that the omission of Rule 96(10) of the CGST Rules applies prospectively and also covers all pending proceedings and cases. Therefore, exporters can claim IGST refunds on exports, and any show cause notices or orders issued under the old Rule 96(10) stand quashed. The challenge to the …
Judicial Corner: The court ruled that the statutory mandate of obtaining a completion certificate cannot be waived by a mere letter from the Panchayat. The promoter is obligated to obtain the completion certificate or occupancy certificate from the relevant competent authority as per the RERA Act { P. Anandasundaresan v. Akshaya Pvt. Ltd.[ (2025) ibclaw.in …
Income Tax The Central Government has notified Zero Coupon Bonds issued by NABARD as eligible under section 2(48) of the Income-tax Act, 1961. The bond details are as follows: Name of the Bond: Zero Coupon Bond of The National Bank for Agriculture and Rural Development (NABARD) Tenure: Ten years, eleven months, and thirteen days Time …
DGFT: The name of ‘The Sports Goods Export Promotion Council’, enlisted under Appendix 2T of FTP 2023 for issuance of RCMC for specified items, has been amended as ‘Sports Goods & Toys Export Promotion Council’ and address/ contact details updated, with immediate effect. [Public Notice No. 11 /2025-26 dated 12.06.2025]
DGFT: The name of ‘The Sports Goods Export Promotion Council’, enlisted under Appendix 2E of FTP 2023 for issuance of Certificate of Origin (Non Preferential), has been amended as ‘Sports Goods & Toys Export Promotion Council’ and address/ contact details updated, with immediate effect. [Public Notice No. 10 /2025-26 dated 12.06.2025]
DGFT The DGFT has announced the rollout of the ‘Source from India’ feature on the Trade Connect ePlatform (www.trade.gov.in) for all Status Holder exporters with valid IECs (not on DEL). This feature enables exporters to create public-facing micropages showcasing their products and credentials to attract international buyers. Initially piloted with 3-, 4-, and 5-star exporters, …
Customs: The CBIC has issued a directive regarding the applicability of SCOMET items based on various clarifications issued by DGFT. A consolidated repository of these clarifications has been created and is available on the CBIC website for reference. The repository is a guidance tool only and will be updated periodically. [Instruction No. 15/2025-Customs dated 12.06.2025]
Customs The CBIC has issued a notification to amend tariff values of Edible oils, brass scrap, areca nuts, gold and silver as follows: Table 1 Sl. No. Chapter/ heading/sub-heading/tariff item Description of goods Tariff value (US $Per Metric Tonne) 1 1511 10 00 Crude Palm Oil 991 2 1511 90 10 RBD Palm Oil 1026 3 …
Judicial Corner: Writ not maintainable as petitioner can contest issues by replying to SCNs issued by DGGI and Income Tax Department: HC {N.P. Industries vs. Union of India [2025] 175 taxmann.com 215 (Delhi)}
DGFT: The DGFT has notified a new SION (A-3686) under the Chemical and Allied Product group for the export of Sodium Citrate. For every 1 kg of Sodium Citrate exported, import of 0.740 kg of Citric Acid Monohydrate is allowed. This standard input-output ratio will apply for Advance Authorisation purposes. [Public Notice No. 09/2025-26 dated …
GST: In May 2025, a system validation was introduced on the GST portal to enforce compliance with Circular No. 125/44/2019-GST. As per the circular, taxpayers can file a refund application only after submitting all due GSTR-1 and GSTR-3B returns up to the date of filing. After this update, taxpayers under the QRMP scheme faced issues. …
GST The CBIC had earlier made it mandatory to mention a Document Identification Number (DIN) on all communications issued to taxpayers, to ensure transparency and accountability. However, it has now been clarified that any communication issued through the GST common portal – such as notices or orders – already carries a unique Reference Number (RFN) …
Bizsolindia Services Pvt. Ltd. has been honored with the "Maharashtra State Best Employer Brand Award 2026" at a prestigious ceremony held at Taj Lands End, Mumbai.
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