Customs
Notification No. 51/2025-Customs (N.T.) dated 25.08.2025
CBIC issued Notification No. 51/2025-Customs (N.T.) dated 25.08.2025 to Amend Notification No. 77/2023-Customs (N.T.) dated 20.10.2023 Revision of AIR of duty drawback of Gold jewellery and silver jewellery/articles.
DGFT
DGFT-Public Notice No. 19/2025-26 dated 22.08.2025
DGFT issued Public Notice No. 19/2025-26 dated 22.08.2025 regarding Fixation of new Standard Input Output Norms (SIONs) at SION No. A-3693 & A-3694 under “Chemical and Allied Product” (Product Code-‘A’)
Media-Customs
Trump’s tariffs hit India: What it means for GDP, debt and equity markets
The trade winds have shifted sharply. US President Donald Trump’s decision to double tariffs on Indian exports from 25% to 50%, effective 27 August, has introduced a complex challenge for India’s economy.
Gold smuggling case: Former UAE consulate officials fined Rs 12 crore; Prosecution takes action…
Customs has imposed a fine of Rs 12 crore on former UAE consulate officials in the gold smuggling case.
Kerala fast turning into hub for hybrid ganja smuggling
Thanks to the Union government’s decision to reduce the import duty on gold from 15% to 6%, gold smuggling through airports has seen a steep decline. However, Kerala is witnessing a spike in the smuggling of another contraband: hybrid ganja.
Marijuana Worth Nearly Rs 25 Crore Seized At Delhi Airport
Marijuana worth nearly Rs 25 crore has been seized at the international airport here from the possession of a passenger, the customs department said on Sunday.
GST
GSTN is taking downtime to enhance its services on the GST Portal on 26.08.2025 from 12:00 AM onwards until 5:30 am of 26.08.2025.
New GST Rates Likely To Be Implemented By September 22, Says Report
GST Council, headed by Finance Minister Nirmala Sitharaman, is likely to roll out new GST rate slabs around September 22 to push festive demand in the country
Not Diwali, But Navratri: GST Rate Cuts Likely By Late September As Government Fast-Tracks Move
The government has fast-tracked its plan to overhaul the Goods and Services Tax (GST), with reports suggesting that the much-anticipated reforms may roll out by late September, ahead of Diwali.
Auto industry seeks faster implementation of new GST rates as buyers delay purchase
Hit by a sudden decline in sales and enquiries, the automobile industry has urged the government to hasten the implementation of new GST rates, seeking a rollout before the start of the festive season in the second half of September.
Advisory on extension of GSTR-3B due date in few districts of Maharashtra State
In view of the natural calamity caused by heavy rains, the due date of GSTR-3B for the July-2025 tax period has been extended from 20th August, 2025 to 27th August, 2025 for the following districts of Maharashtra state:
Media-Income tax
When Seema S. sold her property in Patna, Bihar for Rs 4.5 crore back in 2016, she didn’t have to pay any long term capital gains (LTCG) tax. The reason for this is she claimed LTCG tax exemption under Section 54.
Taxman may get more power to demolish benami realty deals
The law to curb benami deals, where faceless persons, slum dwellers, and poor labourers in tribal villages, hold properties worth crores on behalf of the real owners who mask their identities, may be made sterner.
Media-Legal
Delhi Government notifies rules for e-delivery of summons, warrants
The Delhi BNSS (Service of Summons and Warrants) Rules, 2025, have been notified by the city government, paving the way for electronic delivery of court summons and warrants through WhatsApp and e-mail, officials said.
CIBIL score not mandatory: Govt tells banks not to reject first-time loans
In a key clarification for retail borrowers, the Ministry of Finance has said that banks cannot reject loan applications from first-time applicants merely because they do not have a credit score.
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