Customs: CBIC Automates Exporters’ IFSC Code Approval
CBIC introduces system‑based auto‑approval for IFSC code registration, allowing automatic approval of identical bank account and IFSC combinations across multiple Customs locations
Category: Updates
Establishing Branches/ Offices in India: RBI’s Draft Guidelines (2025)
Explore RBI’s draft FEMA guidelines for foreign entities setting up branches or offices in India, covering approvals, compliance, and banking norms.
Revised GST MRP Rules (Unsold Stock) Relaxed by Govt
The government has relaxed Legal Metrology Rules, allowing revised price stickers on old stock after GST changes and removing the need for newspaper notices.
Govt Permits Revised MRP on Unsold Stock after GST Rate Change
Govt allows manufacturers/ packers/ importers of pre-packaged commodities to declare the revised MRP on the unsold stock in view of GST Rate Change from 22/09/2025.
CCI Penalises Green Channel Misuse in Carlyle–Quest Acquisition
CCI has fined CA Plume Investments and Bequest Inc. ₹4,00,000 for an incorrect Green Channel filing related to their acquisition of equity in Quest Global Services Pte. Ltd.
India Bans Imports from Pakistan: DGFT Notification 6/2025-26
India announces a nationwide ban on all Pakistan‑origin imports, with the DGFT confirming the restriction applies to all goods, raw or finished.
Proposed Amendments in CAA Rules, 2016: MCA Invites Comments
MCA invites public comments on proposed amendments to expand fast‑track mergers under Section 233, with feedback open on its e‑Consultation Module until May 5, 2025.
Finance Act 2025 Notified by Govt
Ministry of Law and Justice, Government of India has notified/published the Finance Act, 2025 after receiving ascent of the President on 29th March 2025.
Income Tax Bill, 2025 for proposed “Income Tax Act, 2025”
Finance Minister Nirmala Sitharaman to present the new Income Tax Bill 2025 in Parliament, marks a significant step in reforming India's direct tax system.
GSTN Advisory on Form GST DRC 03A to Update Status of Demands
GSTN has issued an advisory on new Form GST DRC 03A which can be utilized for adjusting the amount paid through DRC-03 against the related pending demand order.