Statutory updates

Non-Levy of Customs Duty on Hearables Import from 2022 to 2023

The Central Government directs that the whole of the duty of customs payable on hearable goods shall not be paid for a specific period.

Companies Listing of Equity Shares in Permissible Jurisdictions Rules, 2024

Unlisted public companies may issue equity shares for listing on stock exchanges in permissible jurisdictions under specific conditions.

IRDAI (Expenses of Management including Commission) Regulations, 2024

The IRDAI (Expenses of Management including Commission) Regulations, 2024, establish a framework for insurers to manage expenses and commissions to optimize resources and improve…

notification no. 16/2024 f.no. 370142/49/2023 tpl / gsr 64 e income tax first amendment rules 2024

Acquisition of Religare Enterprises Shares by Puran Associates and Others

The Competition Commission of India approves the proposed combination involving the acquisition of additional shareholding in Religare Enterprises Limited by Puran Associates…

Amendment in import policy condition of Glufosinate Technical covered under HS code 38089390 of Chapter 38 of Schedule - I (Import Policy) of ITC (HS) 2022

AU Small Finance Bank Limited Fincare Small Finance Bank Limited

circular no. 1/2024 circular explaining the provisions of the finance act 2023

JSW Ventures Singapore and MG Motor India Combination Order

The Competition Commission of India approves the combination involving JSW Ventures Singapore Pte.

Amendment to Applicability Period for Prior Tax Notifications

The Central Board of Direct Taxes amends ten prior notifications to apply for the financial year 2020-2021 through the financial year 2024-2025.

Income Tax Exemption for State Legal Service Authority Chandigarh

The Central Government notifies specified income of the State Legal Service Authority Union Territory Chandigarh under clause (46) of section 10 of the Income-tax Act, 1961.

Tata Electronics Acquisition of Wistron Infocom Manufacturing

The Competition Commission of India approves the acquisition of 100 percent of equity share capital of Wistron Infocom Manufacturing Private Limited by Tata Electronics Private…

Competition Order on Electric Two-Wheeler Pricing and FAME Policy

The Competition Commission of India closes an information case against electric two-wheeler manufacturers because none of the entities hold a dominant market position.

Customs Notification 03/2024 Amending Notification 50/2017

The Central Government amends Notification No. 50/2017-Customs to change a duty entry.

Customs Notification 04/2024 Amending SWS Exemptions

The Central Government amends Notification No. 11/2018-Customs to exempt spent catalyst, ash containing precious metals, and coins of precious metals from the Social Welfare…

Customs Notification 05/2024 - AIDC on Precious Metals

The Central Government amends Notification No. 11/2021-Customs to impose Agriculture Infrastructure and Development Cess on specific goods.

R-Return Reporting for Remittances Wrongly Credited to Parent AD Bank Nostro

Banking Units must follow specific R-Return reporting procedures when remittances are wrongly credited to the Nostro account of the parent Authorized Dealer bank and then…

Mr. Shine P.Sasidhar, Advocate And Kerala State Road Transport Corporation