Customs
Instruction No.24/2025-Customs dated 22.07.2025
CBIC issued Instruction no. 24/2025-Customs dated 22.07.2025 regarding Acceptance of Electronic Certificate of Origin (e-CoO) issued under India-Mauritius CECPA
Circular No. 18/2025- Customs dated 22.07.2025
CBIC issued Circular no. 18/2025-Customs dated 22.07.2025 regarding Submission of applications under MOOWR Scheme
DGFT Trade Notice 09/2025-26 dt 22.07.2025
DGFT issued Trade Notice 09/2025-26 dated 22.07.2025 regarding Extension in last date of application for export of Pharma Grade Sugar.
DGFT-Public Notice No. 15/2025-26 dated 22.07.2025
DGFT issued Public Notice No. 15/2025-26 dated 22.07.2025 regarding Amendment in ANF-2N for issuance of export authorization of Pharma Grade Sugar
Designer deals, deceptive declarations: DRI busts multi-crore luxury furniture import racket
In a significant enforcement action, the Directorate of Revenue Intelligence (DRI) has busted a sophisticated, well-orchestrated customs fraud in imports of premium luxury furniture.
India-UK free trade pact gets cabinet nod, signing set for 24 July in London
The Union cabinet led by Prime Minister Narendra Modi on Tuesday approved the India-UK free trade agreement, paving the way for the much-awaited formal signing of the pact during Modi’s visit to London on 24 July, said two government officials, asking not to be identified.
GST
Ghee, soap and snacks to get cheaper? Big GST cut likely, say sources
In what could bring major relief to middle- and lower-income households, the central government is seriously considering a restructuring of the Goods and Services Tax (GST) slabs, sources told India Today. A key proposal under discussion is to either reduce the GST on certain essential items from 12% to 5% or to eliminate the 12% slab altogether.
Income tax
ICAI presents Memorandum/ specific clause wise suggestions on Income tax Bill, 2025
ICAI, presents Specific Clause-wise suggestions on Chapter I to XXIII of the Income Tax Bill, 2025. For now, PART-1 containing chapter I to IV and clauses 1 to 95 is being covered.
ITAT Mumbai Ruling Opens Door for Section 54 Tax Exemptions in Property Transactions Between Spouses
The Mumbai Income Tax Appellate Tribunal (ITAT) has delivered a significant judgment that clarifies the scope of Section 54 exemptions in property transactions between married couples, establishing that genuine transactions between spouses can qualify for capital gains tax relief regardless of the familial relationship.
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