RBI Overhauls Gold Metal Loan (GML) Framework: Dual Categories, Gold Repayment Flexibility for Jewellers & MMTC
The Reserve Bank of India (RBI) has issued a comprehensive set of amendments to modernise the Gold Metal Loan (GML) regime, consolidating prior...
![Provisional Release Conditional on 10% Bank Guarantee and Detailed Sales Reporting: Telangana HC Clears Seized Printing Machines [Read Order]](https://images.taxscan.in/h-upload/2025/11/18/250x150_2106291-bank-guarantee-sales-reporting-telangana-hc-taxscan.webp "Provisional Release Conditional on 10% Bank Guarantee and Detailed Sales Reporting: Telangana HC Clears Seized Printing Machines [Read Order]")
![Madras HC Eases Provisional Release Conditions for Imported Fabric, Substitutes Rs. 22 Lakh Bank Guarantee with Bond [Read Order]](https://images.taxscan.in/h-upload/2025/09/24/250x150_2090322-synthetic-knitted-fabrics-dgft-taxscan.webp "Madras HC Eases Provisional Release Conditions for Imported Fabric, Substitutes Rs. 22 Lakh Bank Guarantee with Bond [Read Order]")
![Customs Classifies Animal Feed as Edible Nuts: Madras HC Finds ₹1 Cr Bank Guarantee on ₹18L Import Onerous, Orders Reconsideration [Read Order]](https://images.taxscan.in/h-upload/2025/07/24/250x150_2068401-bank-guarantee-customs-classifies-madras-high-court-taxscan.webp "Customs Classifies Animal Feed as Edible Nuts: Madras HC Finds ₹1 Cr Bank Guarantee on ₹18L Import Onerous, Orders Reconsideration [Read Order]")
![Bank Guarantee Charges for Raw Material Procurement Covered Under Input Service u/r 2(l): CESTAT allows Bajajs CENVAT Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/CESTAT-Mumbai-CENVAT-Claim-Bank-Guarantee-Charges-taxscan.jpg "Bank Guarantee Charges for Raw Material Procurement Covered Under Input Service u/r 2(l): CESTAT allows Bajajs CENVAT Claim [Read Order]")
![Non-Renewal of GST Bank Guarantees: Bombay HC imposes Cost of Rs. 15 Lakh [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Bombay-High-Court-Bombay-HC-Non-Renewal-GST-Bank-Goods-and-Services-Tax-GST-updates-taxscan.webp "Non-Renewal of GST Bank Guarantees: Bombay HC imposes Cost of Rs. 15 Lakh [Read Order]")
Securing Release of Consignment by Furnishing Bank Guarantee: Delhi HC directs to dispose Pre-Deposit Refund Application [Read Order]
The Delhi High Court directed to dispose pre deposit refund application as the release of consignment was secured by furnishing bank guarantee. The Petitioner impugned the order, whereby the...
![Securing Release of Consignment by Furnishing Bank Guarantee: Delhi HC directs to dispose Pre-Deposit Refund Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Securing-Release-of-Consignment-Furnishing-Bank-Guarantee-Delhi-HC-Refund-Application-taxscan.jpg "Securing Release of Consignment by Furnishing Bank Guarantee: Delhi HC directs to dispose Pre-Deposit Refund Application [Read Order]")
Lower Customs Duty for Companies setting up manufacturing facilities for EVs to limited imports of cars [Read Order]
In a significant move aimed at positioning India as a leading manufacturing hub for electric vehicles ( EVs ), the Union Government has greenlit an ambitious E-Vehicle Policy. This policy aims to...
Harsh and Unreasonable Conditions cannot be Imposed by Customs Dept: Bombay HC allows Provisional Release of Premium Cold Coffee [Read Order]
The Bombay High Court allowed the provisional release of premium cold coffee and noted that harsh and unreasonable conditions cannot be imposed by the Customs Department. The petitioner is a...
CESTAT directs to Release Seized Imported Garlic on Furnishing Bond and Bank Guarantee Covering Demand of Differential Duty [Read Order]
The Chandigarh bench of the Customs, Excise & Service Tax Appellate Tribunal( CESTAT ) directed the revenue department to release seized imported garlic on furnishing bond and bank guarantee...
![CESTAT directs to Release Seized Imported Garlic on Furnishing Bond and Bank Guarantee Covering Demand of Differential Duty [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/CESTAT-Chandigarh-CESTAT-CESTAT-garlic-import-ruling-Release-of-seized-garlic-CESTAT-Taxscan.jpg "CESTAT directs to Release Seized Imported Garlic on Furnishing Bond and Bank Guarantee Covering Demand of Differential Duty [Read Order]")
Requiring Solvent Security and Bank Guarantee are beyond the scope of S. 54(11) of Rajasthan GST Act: Rajasthan HC directs to allow GST Refund [Read Order]
The Rajasthan High Court in a significant case directed the Goods and Service Tax(GST) Department to allow the refund as the act of requiring the Requiring Solvent Security and Bank Guarantee are...
![Requiring Solvent Security and Bank Guarantee are beyond the scope of S. 54(11) of Rajasthan GST Act: Rajasthan HC directs to allow GST Refund [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Solvent-Security-Bank-Guarantee-Rajasthan-GST-Act-Rajasthan-HC-Rajasthan-High-Court-GST-Refund-TAXSCAN.jpg "Requiring Solvent Security and Bank Guarantee are beyond the scope of S. 54(11) of Rajasthan GST Act: Rajasthan HC directs to allow GST Refund [Read Order]")
Failure to perform Proper Audit on Non-Disclosure of Step Down Subsidiaries: ICAI imposes 1Lakh Fine on CA [Read Order]
The Institute of Chartered Accountants of India (ICAI) imposed 1 lakh fine on Chartered Accountants (CA) due to the failure to perform proper audit on non-disclosure of Step Down Subsidiaries. It...
