A. Amendment
Appointment of GSTAT Member
Notification No.22/2025-Customs (ADD) dated 10.07.2025
CBIC issued Notification no. 22/2025-Customs (ADD) dated 10.07.2025 seeking to amend notification No. 37/2020-Customs (ADD), dated the 11th November, 2020 to extend the levy of Anti-Dumping duty on ‘Clear Float Glass’ originating in or exported from Malaysia, up to and inclusive of 10th February, 2026
Instruction No.22/2025-Customs dated 09.07.2025
CBIC issued Instruction no. 22/2025-Customs dated 09.07.2025 to make Amendment in Import Policy of specified items covered under Chapter 71 of ITC (HS) 2022 of Schedule-I (Import Policy).
ITR 3 – Validation Rules for AY 2025-26
Directorate of Income Tax (Systems), New Delhi released Version 1.0 – ITR-3 Validation Rules for AY 2025-26 on 10.07.2025.
ITR 2 – Validation Rules for AY 2025-26
Directorate of Income Tax (Systems), New Delhi released Version 1.0 – ITR-2 Validation Rules for AY 2025-26 on 10.07.2025.
B. Tax in Media
GST
The officers of Directorate General of GST Intelligence, Bengaluru Zonal Unit, carried out searches in over six premises in Delhi, and uncovered fraudulent invoices worth over Rs 266 crore, involving availment and passing on of fraudulent Input Tax Credit (ITC) of Rs 48 crore from the shell companies.
Eicher Motors subsidiary VE Commercial Vehicles receives ₹168 crore GST demand notice
Eicher Motors Limited on Thursday (July 10) has disclosed that its material subsidiary, VE Commercial Vehicles Limited (VECV), has received a demand cum show cause notice from the Office of the Commissioner, CGST & Central Excise, Ujjain Commissionerate, Madhya Pradesh.
Book: GST Appeals & Appellate Procedures
- Bharat Publication launch new 3rd edition book on GST Appeals & Appellate Procedures
Customs
Trump tariffs: 50% on copper, 200% on pharmaceuticals – How it may impact India
United States President Donald Trump on Wednesday (July 9) announced 50% tariffs on the imports of copper in the US. Trump has also threatened to impose 200% tariffs on the imports of pharmaceuticals after a year.
There has been debate over how Trump’s tariffs are often driven by various personal reasons, and not just economic ones. Trump skipped announcing the tariffs on Brazil via the letter, specifically tying the new tariffs to Bolsonaro’s ongoing trial.
India responded to US President Donald Trump’s tariff threats by proposing to impose retaliatory duties on steel and aluminium, according to a notification sent to the World Trade Organization (WTO).
Other
EPFO will finish crediting 8.25% interest for 2024–2025 into members’ accounts this week, Labour Minister Mansukh Mandaviya said on Tuesday, as per a Times of India (ToI) report. The government approved a rate of 8.25% on May 22, 2025 for the current financial year.
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