INTRODUCTION In a landmark move to modernize India’s customs regime, the Union Budget 2025 has proposed the introduction of Section 18A into the Customs Act, 1962 (‘the Act’). This amendment introduces a structured mechanism enabling...Read More

The solar industry received a significant legal reprieve after the Delhi High Court quashed the Instruction No.13/2022-Customs, issued on July 09, 2022. This judicial intervention has substantial implications for the import and warehousing of solar...Read More

Dubai, known for its ultramodern architecture and booming real estate market, attracts investors from around the globe, including a significant number from India. With its strategic location, tax-free living, and high standards of living, Dubai...Read More

There have been numerous concerns from our NRI client list based out of United Kingdom on the new tax regime announced by the UK Government to be implemented from April 2025. This article provides a...Read More

Vote on Account Union Budget 2024 budget is pivotal, aiming to stimulate economic growth, enhance infrastructure development, and ensure inclusive welfare for all sectors of society. The government’s strategies and allocations in the Budget 2024...Read More

The government announced the RoDTEP Scheme as a duty remission initiative for exports, effective from 1 January 2021. This scheme offers a systematic procedure for reimbursing taxes, duties, and levies that aren’t presently refunded under...Read More

DGFT vide Notification No. 23/2023 dated 3rd August 2023 has amended the import policy of Laptops, Tablets, All-in-one Personal Computers, and Ultra Small Form Factor Computers and Servers (HSN 8471) to ‘RESTRICTED CATEGORY’ with effect from...Read More

An increase in Tax collected at Source to 20% on the remittance of money under Liberalised Remittance Scheme (LRS) has been a major amendment in the Union Budget 2023. In addition, vide Notification dated 16th...Read More

On 16th May 2023, Department of Economic Affairs, Ministry of Finance issued a notification making an amendment to the Foreign Exchange Management (Current Account Transactions) Rules, 2000. The notification omitted Rule 7 of the Foreign...Read More

Round-tripping means a combination of transactions involving transfer of money across jurisdictions, eventually resulting in a return to the jurisdiction of origin. Simply, for example, an Indian entity sets up a subsidiary outside in the...Read More