Income tax
ITR due date for FY 2024-25 extended
The Central Board of Direct Taxes has decided to further extend the due date for filing non audit ITRs for AY 2025-26 from 15th September, 2025 to 16th September, 2025.
Customs
Circular No. 21/2025- Customs dated 12.09.2025
CBIC issued Circular no. 21/2025-Customs dated 12.09.2025 regarding Strengthening Trade Facilitation through Institutionalised Consultation Mechanisms.
Circular No. 22/2025- Customs dated 12.09.2025
CBIC issued Circular no. 22/2025-Customs dated 12.09.2025 for Implementation of Customs (Provisional Assessment) Regulations, 2025
Notification No. 55/2025-Customs (N.T.) dated 12.09.2025
CBIC issued Notification No. 55/2025-Customs (N.T.) dated 12.09.2025 to regulate Customs (Finalisation of Provisional Assessment) Regulations, 2025
Notification No. 56/2025-Customs (N.T.) dated 15.09.2025
CBIC issued Notification No. 56/2025-Customs (N.T.) dated 15.09.2025 for Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
Exporters to take price cuts but hopeful on deal
In the last few days, I have talked with many exporters regarding the impact of high US tariffs on Indian goods. Here are some responses.
FIMI urges govt not to impose export duty on low-grade iron ore
The country’s miners’ body has written to the commerce and industry ministry, requesting it to not impose export duty on low-grade iron ore to prevent its stockpiling and wastage.
FIMI urges govt not to impose export duty on low-grade iron ore
The country’s miners’ body has written to the commerce and industry ministry, requesting it to not impose export duty on low-grade iron ore to prevent its stockpiling and wastage.
GST
GSTN is taking downtime to enhance its services on the GST Portal on 16.09.2025 from 12:00 AM onwards until 2:00 am of 16.09.2025.
Govt plans 20-year tax break for data centres
The government has proposed a tax exemption of up to 20 years for data centre developers, provided they meet targets on capacity addition, power usage effectiveness, and employment generation. These incentives are outline in a new draft of the National Data Centre Policy, reviewed by Business Standard and circulated among stakeholders for consultation.
UBL says GST reforms to push alcohol demand, eyes 6-7% growth this FY
Leading beer maker United Breweries (UBL) expects a 6 to 7 per cent volume growth this fiscal despite the impact of rains in some of the key states during the second quarter, said its Chief Executive Officer and Managing Director Vivek Gupta.
Hyundai hopes GST rate cut will boost ‘double engine’ growth
With the GST rate cuts expected to bring domestic sales back on a growth path, Hyundai Motor India is looking to ride on a ‘double engine’ drive of accelerated sales in the home market and continued momentum in exports, according to a top company official.
Mercedes calls for uniform road taxes for long-term growth
The recent GST rate cut is likely to make the upcoming festival season the best-ever’ for the luxury carmaker, but there is a need to cap road taxes levied by states on car purchases for long-term growth of the industry, Mercedes -Benz India MD and CEO Santosh Iyer said.
Book: Foreign Trade Policy and Handbook of Procedures 2023 (Set of 2 Vols.)
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