27 May, 2025
DGFT removes port restrictions on leather exports The Directorate General of Foreign Trade (DGFT) has taken a big step to boost India’s leather industry. In a recent notification, DGFT removed port restrictions and testing requirements for the export of finished leather, wet blue leather, El tanned leather, and crust leather. This move is expected to […]
Read More27 May, 2025
DGFT Restricts Low-Value Roller Chains New Import Policy Update In a move aimed at curbing sub-standard imports and supporting domestic manufacturing, the Directorate General of Foreign Trade (DGFT) has restricted the import of low-value roller chains under Chapter 73 of ITC (HS), 2022, Schedule – I (Import Policy). This DGFT notification came into effect immediately […]
Read More27 May, 2025
DGFT Amends Agency Name in Para 4.41(5) of FTP 2023 The Directorate General of Foreign Trade (DGFT) has issued a key update to Para 4.41(5) of the Foreign Trade Policy (FTP) 2023 via Public Notice No. 13/2025 dated 23.05.2025. This amendment revises the name of the agency responsible for issuing authorizations under the Export Promotion […]
Read More27 May, 2025
DGFT Restricts Import of Low-Value Cabinet Hinges What Indian Importers Must Know The Directorate General of Foreign Trade (DGFT) has announced new restrictions on the import of low-value cabinet hinges, classified under Chapter 83 of ITC (HS), 2022. This immediate policy change could significantly affect hardware traders, importers, and modular furniture businesses across India. Let’s […]
Read More27 May, 2025
Summary The Finance Ministry has raised concern over the rising backlog in India’s Debt Recovery Tribunals (DRTs). Urging joint action, it highlights delays in recovery of bad loans and NPA cases. The government aims to strengthen the DRT system for faster resolution, especially post-COVID disruptions. Introduction Debt tribunal backlog has become a growing concern for […]
Read More27 May, 2025
GST Crackdown on Manpower Providers ₹15 Crore Evasion Detected The GST department’s crackdown on manpower service providers in Gujarat has revealed a ₹15 crore tax evasion. The department, through rigorous investigations and data analytics, is identifying businesses using fake invoices and evading tax via improper classification or underreporting. This blog breaks down what happened, why […]
Read More27 May, 2025
ITR Filing 2025 Why GST-Income Reconciliation Matters More Than Ever With the ITR filing 2025 season underway, one area where taxpayers—especially business owners and professionals—must be extra cautious is reconciliation of GST data with income reported in the return.Discrepancies between ITR and GST filings are now a red flag for the Income Tax Department and […]
Read More27 May, 2025
RoDTEP Scheme Restored for SEZs, EOUs & Advance Authorization Holders The RoDTEP scheme is back for Special Economic Zones (SEZs), Export-Oriented Units (EOUs), and Advance Authorization holders, starting June 1, 2025, as per DGFT Notification No. 11/2025-26 dated May 26, 2025. This move reinstates much-needed export incentives for some of India’s most competitive exporters under […]
Read More27 May, 2025
IntroductionThe updated RoDTEP rates from May 1, 2025 are now live, following changes introduced by the Finance Act, 2025. Exporters must carefully review these new rates and value caps notified by DGFT to ensure compliance and avoid refund issues. This update reflects alignment with revised Customs Tariff schedules and will impact claims filed under the […]
Read More27 May, 2025
IntroductionGST invoice matching—once hailed as the backbone of transparent tax filing—is now facing major criticism from taxpayers. While it promises efficiency and fraud control, its complex real-time reconciliation requirements are proving difficult, especially for small and mid-sized businesses. What Is GST Invoice Matching? Under India’s Goods and Services Tax (GST) framework, invoice matching ensures that […]
Read More