IBC Bill, 2025: Cross-Border Insolvency, CIIRP, Timelines-Know What’s inside the bill
The Insolvency and Bankruptcy Code (Amendment) Bill, 2025 restructured the enactment of the IBC in 2016. The bill, Introduced in the Lok Sabha on...
![RBI Revises FEMA Rules on Carrying Indian Currency to and from Nepal, Bhutan, Pakistan & Bangladesh [Read Circular]](https://images.taxscan.in/h-upload/2025/12/03/250x150_2109916-rbi-revises-fema-rules-carrying-indian-currency-taxscan.webp "RBI Revises FEMA Rules on Carrying Indian Currency to and from Nepal, Bhutan, Pakistan & Bangladesh [Read Circular]")
![Art 26(3) of India-US DTAA Protects IPLC Payments from TDS Burden: Madras HC Favours Cognizant [Read Order]](https://images.taxscan.in/h-upload/2025/12/03/250x150_2109847-cognizant-site-image-1.webp "Art 26(3) of India-US DTAA Protects IPLC Payments from TDS Burden: Madras HC Favours Cognizant [Read Order]")
Consumer Affairs Ministry Notifies Legal Metrology (Packaged Commodities) Second Amendment Rules, 2025 [Read Notification]
The Ministry of Consumer Affairs, Food and Public Distribution has formally issued the Legal Metrology (Packaged Commodities) Second Amendment Rules, 2025, vide Gazette Notification G.S.R. 881(E)...
![Consumer Affairs Ministry Notifies Legal Metrology (Packaged Commodities) Second Amendment Rules, 2025 [Read Notification]](https://images.taxscan.in/h-upload/2025/12/03/500x300_2109900-consumer-affairs-ministry-notifies-legal-metrology-packaged-commodities-second-amendment-rules-taxscan.webp "Consumer Affairs Ministry Notifies Legal Metrology (Packaged Commodities) Second Amendment Rules, 2025 [Read Notification]")
Supreme Court rejects Split view of Manufacturing Process Leading to One Final Product, upholds Excise Duty Demand on Cotton Processor [Read Order]
In a recent ruling, the Supreme Court has held that when multiple units collectively contribute to a continuous and integrated manufacturing process that results in one final product, excise duty...
![Supreme Court rejects Split view of Manufacturing Process Leading to One Final Product, upholds Excise Duty Demand on Cotton Processor [Read Order]](https://images.taxscan.in/h-upload/2025/12/03/500x300_2109883-excise-duty-demand-cotton-processor-taxscan.webp "Supreme Court rejects Split view of Manufacturing Process Leading to One Final Product, upholds Excise Duty Demand on Cotton Processor [Read Order]")
STPI Unit Losses Form Part of Total Income: Madras HC allows Set-Off u/s 10A/10B of IT Act against other Profits [Read Order]
The Madras High Court in a recent case of Cognizant Technology Solutions India Pvt. Ltd has ruled that losses incurred by Software Technology Parks in India (STPI) units form part of the assessee’s...
![STPI Unit Losses Form Part of Total Income: Madras HC allows Set-Off u/s 10A/10B of IT Act against other Profits [Read Order]](https://images.taxscan.in/h-upload/2025/12/03/500x300_2109845-stpi-total-income-madras-hc-it-act-profits-taxscan.webp "STPI Unit Losses Form Part of Total Income: Madras HC allows Set-Off u/s 10A/10B of IT Act against other Profits [Read Order]")
₹849 Crore Remittance Allegations Fail: ICAI Finds No Lapse by CAs in Form 15CB Issuance [Read Order]
The Disciplinary Committee of the Institute of Chartered Accountants of India (ICAI), ruled that no professional misconduct was established under Item (7) of Part I of the Second Schedule to the...
![₹849 Crore Remittance Allegations Fail: ICAI Finds No Lapse by CAs in Form 15CB Issuance [Read Order]](https://images.taxscan.in/h-upload/2025/12/03/500x300_2109802-icai-ca-taxscan.webp "₹849 Crore Remittance Allegations Fail: ICAI Finds No Lapse by CAs in Form 15CB Issuance [Read Order]")
Diagnostic Kits Imported Not Eligible for BCD Exemption Due to Erroneous Classification: CAAR [Read Circular]
The New Delhi Bench of Customs Authority for Advance Ruling (CAAR) had determined that imported Diagnostic kits were not eligible for Basic Customs Duty (BCD) exemption based on an erroneous tariff...
![Diagnostic Kits Imported Not Eligible for BCD Exemption Due to Erroneous Classification: CAAR [Read Circular]](https://images.taxscan.in/h-upload/2025/12/03/500x300_2109855-diagnostic-kits-imported-not-eligible-bcd-exemption-taxscan.webp "Diagnostic Kits Imported Not Eligible for BCD Exemption Due to Erroneous Classification: CAAR [Read Circular]")
Customs Rolls out Stuffing Message across India: Custodians can now File Export Cargo Details through ICEGATE [Read Circular]
The Customs Department has issued a public notice announcing the nationwide implementation of the Stuffing (SF) Message under the Sea Cargo Manifest and TranshipmentRegulations, 2018 (SCMTR),...
![Customs Rolls out Stuffing Message across India: Custodians can now File Export Cargo Details through ICEGATE [Read Circular]](https://images.taxscan.in/h-upload/2025/12/03/500x300_2109858-icegate-taxscan.jfif "Customs Rolls out Stuffing Message across India: Custodians can now File Export Cargo Details through ICEGATE [Read Circular]")