The Ministry of Finance, has officially notified the Goods and Services Tax (GST) Appellate Tribunal (Procedure) Rules, 2025, marking a significant milestone in India’s indirect tax (‘GST’). These new rules aim to streamline the operations of the Tribunal, ensuring faster adjudication of disputes under the GST regime. The said rule is divided into 15 chapters, encompassing […]
Introduction to MOOWR Scheme The MOOWR Scheme (Manufacture and Other Operations in Warehouse Regulations, 2019) is a game-changing initiative by the Government of India under the Customs Act, 1962. This scheme allows manufacturers to import goods without upfront payment of customs duty, enabling duty deferment and increased liquidity—a boon for companies looking to improve their […]
The Authorised Economic Operator (AEO) certification is a flagship initiative under the World Customs Organization (WCO) SAFE Framework of Standards, adopted by India under its Customs Modernization Programme. The scheme, implemented by the Central Board of Indirect Taxes and Customs (CBIC), seeks to enhance international supply chain security and facilitate legitimate trade. Statutory Framework The […]
Introduction With globalization redefining business boundaries, Overseas Investments by Indian entities and individuals have witnessed a steady rise. Whether it’s setting up a wholly owned subsidiary abroad or acquiring shares in a foreign company, such cross-border transactions are governed under the Foreign Exchange Management Act, 1999 (FEMA). This blog demystifies the Overseas Investment (OI) regulations […]
The Indian Cabinet has approved a ₹23,000 crore PLI scheme to boost electronics component manufacturing. The Indian government has taken a massive leap towards strengthening its ‘Make in India’ initiative. In a major policy push, the Union Cabinet has approved a ₹22,990 crore Production Linked Incentive (PLI) scheme for electronics component manufacturing, aiming to reduce […]
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 importers and exporters to voluntarily rectify errors in their Bill of Entry or Shipping Bill even after goods have cleared […]
Introduction: The Growing Complexity of Slot Game Ratings In recent years, the online gambling industry has witnessed exponential growth in the diversity and sophistication of slot games. With thousands of titles available across multiple platforms, players and regulators alike face increasing challenges in assessing game quality, fairness, and entertainment value. As the market matures, objective, […]
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 panels and related equipment under the Manufacture and Other Operations in Warehouse (No.2) Regulations, 2019 (MOOWR). Background of the Case: […]
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 offers a plethora of opportunities for foreign investors in the real estate sector. But can an Indian resident actually purchase […]
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 detailed examination of these changes and their implications, particularly for non-resident Indians (NRIs) who have historically benefited from the non-dom […]