Statutory updates

Procedure for Import Allocation for the Financial Year 2024-25, for import of Calcined Pet Coke for Aluminium Industry and Raw Pet Coke for CPC manufacturing industry - reg.

Removal of Wireless Operating License Requirement for Specified Telecom Licenses

The Department of Telecommunications has removed the requirement to obtain a Wireless Operating License (WOL) for several categories of telecom licenses, including Captive VSAT…

RoDTEP Implementation for 166 Tariff Lines for AA and EOU Exports

The Central Government implements the Remission of Duties and Taxes on Exported Products scheme for exports of products manufactured by Advance Authorisation holders and Export…

Surrender of Certificate of Registration for Points of Presence Registered Under Erstwhile 2018 Regulations

The Pension Fund Regulatory and Development Authority (PFRDA) has directed entities previously registered under Regulation 3(1)(iii) of the 2018 PoP Regulations—which were…

02/2024 : Encouraging Women Participation in International Trade

Gender-Specific Infrastructure Facilities for Custodians under HCCAR, 2009

Custodians of Customs Cargo Service Providers, Container Freight Stations, Air Freight Stations, and Inland Container Depots must provide gender-specific infrastructure facilities.

Amendment to Notification No. 61/94-Customs (N.T.) - Bhopal Airport

The Central Board of Indirect Taxes and Customs amends Notification No. 61/94-Customs (N.T.) to list Bhopal Airport for the unloading of baggage and loading of baggage.

Auction of Spectrum 2023-24 Bidder Activity Data

The Department of Telecommunications has published the bidder activity data for the 2023-24 spectrum auction, detailing performance across seven clock rounds.

Extension of RoDTEP Support to Advance Authorisation, EOU, and SEZ Units

The Central Government amends the Foreign Trade Policy 2023 to extend RoDTEP support to exports by Advance Authorisation holders, Export Oriented Units, and Special Economic Zones…

18/2024-Customs (NT) : Exchange Rate Notification No. 18/2024-Cus (NT) dated 07.03.2024-reg

Import Policy Condition Amendment for Raw Pet Coke and Calcined Pet Coke

The Central Government amends the import policy conditions for Raw Petroleum Coke and Calcined Petroleum Coke under Chapter 27 of ITC (HS) 2022.

circular no. 4/2024 ex post facto extension of due date for filing form no. 26qe which was required to be filed during the period 01.07.2022 to 28.02.2023 pertaining to f.y. 2022 23

Import Provisions for Inputs under Quality Control Orders

The Directorate General of Foreign Trade creates a new Appendix 2Y under the Foreign Trade Policy 2023 with immediate effect.

Enabling provisions for import of inputs that are subjected to mandatory Quality Control Orders (QCOs) by Advance Authorisation holders and EOU-reg

Import of Menthol under Advance Authorisation and DFIA

The Directorate General of Foreign Trade suspends the input Menthol under specific codes from Standard Input-Output Norms and Adhoc Norms with immediate effect.

Notification enhancing the value of assets and the value of turnover, by One hundred and fifty per cent for the purposes of section 5 of the Competition Act, 2002: S.O. 1130(E)

TDS Exemption on Specific Payments to IFSC Units

The Central Government directs that payers do not deduct tax on specific payments made to units in an International Financial Services Centre.

De Minimis Exemption and Asset Turnover Calculation Rules

The Central Government exempts specific enterprise combinations from section 5 provisions of the Competition Act, 2002.