Statutory updates

MUFG Bank, Ltd.

Shoreline International Holdings LLC Combination Approval

The Competition Commission of India approves the proposed combination involving the share subscription in Flipkart Private Limited by Shoreline International Holdings LLC and a…

Starcin Holding France SAS

Syncing ITC (HS) Import Policy with Finance Act 2024

The Central Government amends Schedule-I of the ITC (HS) 2022 Import Policy to sync with the Finance Act 2024.

27/2024-Central Tax : Seeks to amend Notification No. No. 02/2017-Central Tax, dated the 19th June, 2017

Approval of SKAN Research Trust under Section 35(1)(ii)

The Central Government approves SKAN Research Trust as a research association for scientific research under section 35 of the Income-tax Act.

Direction on Publication of Service-Wise Geospatial Coverage Maps

The Telecom Regulatory Authority of India (TRAI) has issued guidelines for wireless access service providers to publish service-wise (2G, 3G, 4G, 5G) geospatial coverage maps on…

Modifications under IFSCA AML, CFT and KYC Guidelines, 2022

The International Financial Services Centres Authority modifies the Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer Guidelines, 2022.

Modifications to AML, CFT and KYC Guidelines

The International Financial Services Centres Authority modifies the 2022 Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer Guidelines.

Implementation of Automation in Customs IGCR Rules 2022

The Central Board of Indirect Taxes and Customs permits importers who face difficulties with electronic filing to submit their IGCR-3 monthly statement manually before…

26/2024 : Clarifications on the applicability of concessional duty under IGCR Rules, 2022 in certain instances-reg..

Customs Notification for ICD Dhanakya in Rajasthan

The Central Board of Indirect Taxes and Customs amends notification No. 12/97-Customs (N.T.) to specify Dhanakya in Rajasthan as a place for the unloading of imported goods and…

Principles to Mitigate Greenwashing in IFSC ESG Debt Securities

Issuers of ESG labelled debt securities in the IFSC must adhere to specific principles to mitigate greenwashing risks and ensure transparency in sustainability claims.

Mandatory Additional Qualifiers in Import Declarations for Coal

Importers must declare mandatory additional qualifiers in import declarations for coking and non-coking coal starting on 15.12.2024.

Commodity Clearance Amendment for Specific Border Haats

The Central Board of Indirect Taxes and Customs amends Notification No. 63/1994-Customs (N.T.) to specify permitted goods for clearance at Balat, Kalaichar, Srinagar, Kamalasagar…

CCI Order on Anurag Gupta and Rashmi Gupta vs Greenbay Infrastructure

The Competition Commission of India closes the information filed against Greenbay Infrastructure Private Limited under Section 26(2) of the Competition Act, 2002.

Foreign Currency Accounts Startup Definition Amendment 2024

The Reserve Bank of India amends the definition of a startup for foreign currency accounts and the Exchange Earner’s Foreign Currency Account Scheme.

Exemption for District Legal Service Authorities in Haryana

The Central Government notifies the District Legal Service Authority in Haryana as a class of body under section 10 clause (46) of the Income-tax Act, 1961.