Relaxation for Ship Imports: RBI Permits Advance Remittance up to USD 50 Million Without Bank Guarantee
The Reserve Bank of India (RBI) issued a Notification dated June 13, 2025, allowing importers to make advance remittances of up to USD 50 million ...
![Order passed by MSERC Amenable to Appeal u/s. 111 of Electricity Act as No Natural Justice Violation or Jurisdictional Error Found: Meghalaya HC [Read Order]](https://images.taxscan.in/h-upload/2025/06/14/250x150_2044044-meghalaya-high-court-natural-justice-taxscan.webp "Order passed by MSERC Amenable to Appeal u/s. 111 of Electricity Act as No Natural Justice Violation or Jurisdictional Error Found: Meghalaya HC [Read Order]")
![DGFT Amends Name and Contact Details of Export Promotion Council for RCMC under FTP 2023 [Read Notice]](https://images.taxscan.in/h-upload/2025/06/13/250x150_2043958-dgft-amends-details-export-promotion-council-rcmc-under-ftp-taxscan.webp "DGFT Amends Name and Contact Details of Export Promotion Council for RCMC under FTP 2023 [Read Notice]")
![CBDT notifies NABARD Bonds as Zero Coupon Bonds Worth ₹19,500 Crore u/s 2(48) of Income Tax Act [Read Notification]](https://images.taxscan.in/h-upload/2025/06/13/250x150_2043927-cbdt-notifies-nabard-bonds-coupon-bonds-us-248-income-tax-act-taxscan.webp "CBDT notifies NABARD Bonds as Zero Coupon Bonds Worth ₹19,500 Crore u/s 2(48) of Income Tax Act [Read Notification]")
![SEBI Revises PAC Meeting Norms for Agricultural Commodities in Derivatives Segment [Read Circular]](https://images.taxscan.in/h-upload/2025/06/13/250x150_2043907-sebi-revises-pac-meeting-agricultural-commodities-derivatives-segment-taxscan.jfif "SEBI Revises PAC Meeting Norms for Agricultural Commodities in Derivatives Segment [Read Circular]")
MSERC Can Recall Orders Using Inherent Powers Under Reg. 26 & Reg. 111: Meghalaya HC Finds No Bar in Electricity Act, 2003 [Read Order]
The Meghalaya High Court held that Meghalaya State Electricity Regulatory Commission (MSERC) can recall orders using its inherent powers under Regulation 26 of the MSERC (Conduct of Business)...
![MSERC Can Recall Orders Using Inherent Powers Under Reg. 26 & Reg. 111: Meghalaya HC Finds No Bar in Electricity Act, 2003 [Read Order]](https://images.taxscan.in/h-upload/2025/06/13/500x300_2043881-mserc-orders-using-inherent-powers-under-meghalaya-hc-bar-electricity-act-taxscan.webp "MSERC Can Recall Orders Using Inherent Powers Under Reg. 26 & Reg. 111: Meghalaya HC Finds No Bar in Electricity Act, 2003 [Read Order]")
RBI Eases KYC Rules for Low-Risk Customers: Extended Deadline, BC Support, and Mandatory Advance Notices [Read Notification]
The Reserve Bank of India (RBI), through a notification dated June 13, 2025, issued amendments to the Know Your Customer (KYC) Directions, 2016, introducing extended deadlines, business...
![RBI Eases KYC Rules for Low-Risk Customers: Extended Deadline, BC Support, and Mandatory Advance Notices [Read Notification]](https://images.taxscan.in/h-upload/2025/06/13/500x300_2043772-2041587-rbi-new-directions-taxscan.webp "RBI Eases KYC Rules for Low-Risk Customers: Extended Deadline, BC Support, and Mandatory Advance Notices [Read Notification]")
Once AAR Ruling is Upheld by Courts, Dept Cannot Reopen Classification Dispute via Review Petition: Madras HC [Read Order]
In a recent decision, the Madras High Court dismissed review petitions filed by the Commissioner of Customs, ruling that once an Advance Ruling (AAR) has been upheld by courts, the classification...
![Once AAR Ruling is Upheld by Courts, Dept Cannot Reopen Classification Dispute via Review Petition: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2025/06/13/500x300_2043707-aar-ruling-madras-high-court-taxscan.webp "Once AAR Ruling is Upheld by Courts, Dept Cannot Reopen Classification Dispute via Review Petition: Madras HC [Read Order]")
Section 9(a)(i) Bars Vivad Se Vishwas Scheme Relief in Search Cases Exceeding ₹5 Crore Disputed Tax: Madras HC [Read Order]
In a recent decision, the Madras High Court upheld the rejection of declarations filed under the Direct Tax Vivad Se Vishwas Act, 2020, holding that Section 9(a)(i) of the Act bars relief in...
![Section 9(a)(i) Bars Vivad Se Vishwas Scheme Relief in Search Cases Exceeding ₹5 Crore Disputed Tax: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2025/06/13/500x300_2043618-vivad-se-vishwas-scheme-site-img.webp "Section 9(a)(i) Bars Vivad Se Vishwas Scheme Relief in Search Cases Exceeding ₹5 Crore Disputed Tax: Madras HC [Read Order]")
Delay in Assessment Not Assessee’s Fault: Madras HC Allows Samathana Scheme Benefit for Commercial Tax Arrears [Read Order]
The High Court of Madras,allowed the benefit of the New Samathana Scheme 2023 to the assessee for commercial tax arrears relating to the assessment years 2015-16 to 2017-18, noting that the delay...
![Delay in Assessment Not Assessee’s Fault: Madras HC Allows Samathana Scheme Benefit for Commercial Tax Arrears [Read Order]](https://images.taxscan.in/h-upload/2025/06/13/500x300_2043570-madras-hc-delay-assessment-samathana-scheme-commercial-tax-arrears-taxscan.webp "Delay in Assessment Not Assessee’s Fault: Madras HC Allows Samathana Scheme Benefit for Commercial Tax Arrears [Read Order]")