GST: GSTN has enabled filing of appeals (APL-01) against waiver rejection orders (SPL-07) on the portal. Alternatively, original appeals can be restored by submitting an undertaking under “Orders” section. (Advisory dated 16.07.25)
Writ jurisdiction cannot re-appreciate evidence for valuation dispute when alternative remedy exists – Calcutta High Court {Vinod Maurya V/s Union of India (2025) 32 Centax 110 (Cal.)} Issue: Whether the High Court, in its writ jurisdiction under Article 226, can re-appreciate factual evidence and adjudicate valuation disputes under Section 129 of the CGST Act, 2017, …
RBI: To ease compliance for small exporters, RBI has issued draft guidelines to simplify shipping bill closure in the Export Data Processing and Monitoring System. Stakeholders can submit feedback by 31st July 2025. (Press Release: 2025-2026/705)
RBI The due date for submitting the annual census on FLA as on end March-2025 on the FLAIR portal has been extended to July 31,2025. (Announcement)
DGFT Clarification has been issued that organic textiles are not covered under NPOP accreditation. Hence, NAB-accredited Transaction Certificates are not required; exporters must furnish TCs from GOTS or Textile Exchange. (Policy Circular No. 1/2025-26 dated 15.07.25)
Customs Steel inputs in shipments with Bill of Lading dated on or before 15.07.2025 and supplies by verified Integrated Steel Plants are exempted from mandatory Indian Standards under QCO. (Instruction No.23/2025-Customs dated 15.07.25)
Income Tax: The Income-tax Department launched a nationwide verification drive to curb fraudulent claims of deductions and exemptions in ITRs filed with the help of intermediaries. (Press Release dated 14.07.25)
Income Tax District Legal Service Authority and Baddi Barotiwala Nalagarh Development Authority have been granted income tax exemption under section 10(46) for their specified income. (Notification No. 114 /2025 & Notification No. 115 /2025 dated 14.07.25)
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DGFT A draft Internal Compliance Programme (ICP) framework for exporters of dual-use (SCOMET) items has been released. Stakeholders are invited to submit feedback within 10 days to standardize compliance procedures. (Trade Notice No. 07/2025-26 dated 14.07.25)
Matter remanded as appellate order lacked clarity on adjustment of recovered amount against principal tax demand – Calcutta High Court{ Mahesh Kumar Mishra V/s Union of India – (2025) 31 Centax 422 (Cal.)} Issue : Whether recovery made from the credit ledger pursuant to a demand should have been adjusted against the principal tax demand, …
Company Law: SEZ Rules amended to promote semiconductor manufacturing: land requirement reduced to 10 hectares, export norms eased, NFE to include free supplies, and minimum land for some SEZs cut to 4 hectares. (Notification No. G.S.R. 364(E) [F.NO. K-43022/150/2024-SEZ]
Customs: Import policy for Iridium, Osmium, and Ruthenium alloys amended to restrict imports containing over 1% gold by weight. (Instruction No.22/2025-Customs dated 09.07.25)
Customs: Anti-dumping duty on imports of Clear Float Glass from Malaysia has been extended till 10th February 2026 to safeguard domestic industry. (Notification No. 22/2025-Customs (ADD) dated 10.07.25)
Income Tax 5 years bonds issued by IREDA has been notified as a “long-term specified asset” under section 54EC, with proceeds earmarked for renewable energy projects. (Notification No. 73/2025 dated 09.07.25)
HC quashes order as assessee was given only two days to file response to SCN { Ramesh Kumar Jain vs. Commissioner of Income-tax [2025] 176 taxmann.com 72 (Chhattisgarh)} Issue: Whether the assessment order violated the principles of natural justice due to insufficient opportunity of hearing. Facts : Assessee filed ITR on 12-09-2023. AO issued second …
Appellate Authority could not accept appeal as assessee fails to make required pre-deposit under GST Act – Calcutta High Court {I-Karb E-Sol Pvt. Ltd. V/s JC of State Tax Behala Charge – (2025) 31 Centax 418 (Cal.)} Issue: Whether an appeal under Section 107 of the CGST Act, 2017 can be entertained without the mandatory …
DGFT: Three new SIONs under the Chemical & Allied Product group are notified for Azithromycin Dihydrate, Aldehyde C10, and Ceftazidime formulations which will be Effective from July 2025. (Public Notice No.14/2025-26 dated 08.07.2025)
No interest liability if GST tax credited in Electronic Cash Ledger before due date, even if debited later – Madras High Court { Tamilnadu State Transport Corp. V/s Addt. Comm (CT) Chennai – (2025) 31 Centax 305 (Mad.)} Facts: Assessee had deposited the full GST tax liability in the Electronic Cash Ledger (ECL) before …
Insolvency and Bankruptcy code Disclosure of all identified avoidance transactions and instances of fraudulent or wrongful trading is now mandatory in the information memorandum. Such transactions cannot be assigned in the resolution plan unless disclosed in advance and shared with all prospective resolution applicants before the submission deadline. (Notification F. No. IBBI/2025-26/GN/REG128 dated 07.07.25)
