Amendment in Import Policy Condition of Cabinet Hinges: India Imposes Stricter Rules on Low-Cost Products
by Mahek Sancheti on 2025-05-28
The Ministry of Commerce and Industry, through the Directorate General of Foreign Trade (DGFT), has issued a notification on May 26, 2025, amending the import policy condition for cabinet hinges.
India Lifts Port Restrictions and Testing Requirements on Leather Exports
by Parul Bohral on 2025-05-28
The Directorate General of Foreign Trade (DGFT) has announced the exclusion of port restrictions and mandatory testing requirements for the export of Finished Leather, Wet Blue Leather, EI Tanned Leather, and Crust Leather.
Indian Bank Granted Exemption under Banking Regulation Act to Hold Majority Stake in ASREC
by Parul Bohral on 2025-05-23
In a significant regulatory development, the Central Government has issued a temporary exemption to the Indian Bank under the Banking Regulation Act, 1949.
Port Restriction on Import of Certain Goods from Bangladesh to India: Key Changes Announced
by Mahek Sancheti on 2025-05-22
The Ministry of Commerce and Industry, through the Directorate General of Foreign Trade (DGFT), has announced new port restrictions on the import of certain items from Bangladesh to India.
Important Updates to the ITR-U Form for 2025: Timely Filing, Higher Tax Penalties & More Restrictions
by Mahek Sancheti on 2025-05-21
The Income Tax Return (ITR) update process has seen significant changes in 2025. The government has amended the ITR-U form to give more flexibility to taxpayers in correcting errors or omissions in tax returns.
From Aerospace to Plastics: BIS Announces Sweeping Updates to Standards for Critical Industries
by Mahek Sancheti on 2025-05-19
The Bureau of Indian Standards (BIS) under the Department of Consumer Affairs has recently issued a series of notifications regarding the withdrawal and establishment of Indian standards.