Statutory updates

Clarification on Circular 01/2025 Regarding PPT Provision

The Central Board of Direct Taxes clarifies the scope of Circular 01/2025 regarding the Principal Purpose Test provision in India's Double Taxation Avoidance Agreements.

India Participates in 353rd Governing Body Meeting of ILO

India participates in the 353rd Governing Body Meeting of the International Labour Organisation in Geneva to discuss labour and employment issues.

Amendment to Central Tax Notification No. 02/2017 Regarding Jurisdiction

This notification amends Notification No. 02/2017-Central Tax to revise the territorial jurisdictions for several central tax formations in the states of Rajasthan and Tamil Nadu.

Tariff Value Fixation for Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

The Central Board of Indirect Taxes and Customs updates the tariff values for specific goods under the Customs Act, 1962.

Draft Amendments in Procedures for Export Authorization for Stock and Sale of SCOMET Items

The Directorate General of Foreign Trade invites stakeholder comments on proposed amendments to procedures for export authorization for the stock and sale of SCOMET items.

Servicing to the policyholders – Special Measure for the current Financial Year 2024-25

The Insurance Regulatory and Development Authority of India has advised all insurers to maintain normal office operations on March 29, 30, and 31, 2025.

AM Green Power and ORIX Combination Approval

The Competition Commission of India approves the combination involving AM Green Power B.V. and ORIX Corporation under Section 31(1) of the Competition Act, 2002.

Ten Year Zero Coupon Bond of Power Finance Corporation Ltd

The Central Government specifies the Ten Year Zero Coupon Bond of Power Finance Corporation Ltd as a zero coupon bond for the purpose of clause (48) of section 2 of the Income-tax…

ONGC NTPC Green Private Limited Combination Approval

The Competition Commission of India approves the acquisition of the entire equity share capital of Ayana Renewable Power Private Limited by ONGC NTPC Green Private Limited under…

Amendment in Export Policy Condition for Rice under ITC(HS) 2022

The Central Government amends the export policy conditions for rice under ITC(HS) codes 1006 2000, 1006 3010, 1006 3090, 1006 4000, and 1006 3020 with immediate effect.

Revised Procedure for General Authorization for Export after Repair

The Directorate General of Foreign Trade amends Paragraph 10.12(D) of the Handbook of Procedures 2023 to provide a revised procedure for General Authorization for Export after…

Benefits under Employees' Pension Scheme (EPS-95)

The Employees’ Pension Scheme (EPS-95) provides social security benefits for old age, disability, and family support to scheme members.

Exposure to Forward Contracts in Government Securities (Bond Forwards)

The Insurance Regulatory and Development Authority of India (IRDAI) has permitted life, general, and health insurers to engage in forward contracts in government securities (Bond…

Extension of Free Import Policy for Urad to March 2026

The Central Government extends the free import policy for Urad under ITC (HS) Code 07133110 until 31 March 2026.

Extension in Import Period for Yellow Peas under ITC(HS) Code 07131010 of Chapter 07 of ITC (HS) 2022, Schedule –I(Import Policy) -reg

Cyber Security and Cyber Resilience Guidelines for IFSC Entities

Regulated entities in International Financial Services Centres must establish cyber security and resilience frameworks, appoint a designated officer, conduct annual audits, and…

Status of e-Shram Portal Registrations and Integrations

Over 30.68 crore unorganised workers register on the e-Shram portal as of 3 March 2025.

Platform Workers Registration on e-Shram Portal for AB-PMJAY Benefits

The Ministry of Labour and Employment urges platform workers to register on the e-Shram portal for formal recognition and access to healthcare coverage under the Ayushman Bharat…