A. Amendment
DGFT-Public Notice No. 29/2024-25 dated 01.11.2024
Public Notice No. 29/2024-25 dated 01.11.2024 to further abeyance of Public Notice no. 05/2024 dated 27.05.2024 until 31.12.2024.
DGFT-Public Notice No. 30/2024-25 dated 01.11.2024
DGFT issued Public Notice No. 30/2024-25 dated 01.11.2024 to make Amendment in 4.59 of Handbook of Procedures, 2023 and modification in Standard Input Output Norms (SION) M-1 to M-8 for export of Jewellery.
DGFT-Public Notice No. 31/2024-25 dated 05.11.2024
DGFT issued Public Notice No. 31/2024-25 dated 05.11.2024 enabling provisions for import of inputs that are subjected to mandatory Quality Control Orders (QCOs) by Advance Authorization holders, EOU and SEZ.
Instruction No.27/2024-Customs dated 01.11.2024
CBIC issued Instruction no. 27/2024-Customs dated 01.11.2024 providing guidelines for Customs field formations in maintaining ease of doing business while engaging in investigation into tax evasion cases in import or export.
Circular No. 15/2024 dated 04.11.2024
CBDT issued Circular No. 15/2024 dated 04.11.2024 fixing monetary limits of the income-tax authorities in respect of reduction or waiver of interest paid or payable under section 220(2) of the Income-tax Act.
B. Tax in Media
UP govt rakes in Rs.1.16L cr tax revenue in first 7 months of 2024-2025
The UP government earned a tax revenue of ₹1.16 lakh crore in the first seven months of 2024-2025 with state finance minister Suresh Khanna claiming that the figures were going up consistently. The revenue was 76.6% of the ₹1.51-lakh crore target for the same period and 43.1% of the annual target.
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