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Public Notice No. 23(RE-2013)/2009-14 dated 13th August 2013, along with its subsequent amendments, stands rescinded.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 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 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 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 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 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 …
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 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 …
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 …
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 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 introduced a new Para 19 under the “General Notes Regarding Import Policy” of ITC (HS), 2022 Schedule 1 (Import Policy) to impose port-specific restrictions on the import of certain goods from Bangladesh into India, with immediate effect. As per the notification, imports of Ready Made Garments (RMG) from Bangladesh are …
Customs The Central Board of Indirect Taxes and Customs (CBIC) has directed the implementation of DGFT Notification No. 07/2025-26 by inserting a new Para 19 under the “General Notes Regarding Import Policy” of ITC (HS), 2022 – Schedule 1, imposing port restrictions on the import of certain goods from Bangladesh with immediate effect. Imports of …
DGFT: The Directorate General of Foreign Trade (DGFT) has amended Standard Input Output Norms (SION) A-1303 with immediate effect. The amendment pertains to the export product “Di-Octyl Phthalate (DOP)” used as a PVC plasticizer. While the input quantity of Phthalic Anhydride remains unchanged at 0.400 kg per kg of DOP, the permissible import quantity of …
Customs The Central Board of Indirect Taxes and Customs (CBIC) has amended Notification No. 36/2001-Customs (N.T.) to revise the tariff values of certain imported goods. The revised values, effective from 16th May 2025, apply to various commodities including crude and refined edible oils (such as palm oil, palmolein, and soya bean oil), brass scrap, gold, …
GST GSTN has issued an advisory stating that Table 3.2 of Form GSTR-3B will remain editable for the time being, contrary to the earlier advisory dated April 11, 2025, which had proposed making the table non-editable starting April-2025 return period. The concerns are under examination, and taxpayers are encouraged to review and amend the auto-populated …
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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