Customs and FTP Judicial Decisions

In recent months, the Indian judiciary has delivered two pivotal rulings that reaffirm certainty, fairness, and principle-based interpretation in customs law.    The Supreme Court’s landmark decision in L.G. Electronics India Pvt. Ltd. emphasized that technical classification disputes cannot override legitimate benefits under Free Trade Agreements (FTAs) — a significant relief [...]

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Customs and Foreign Trade Policy (FTP) Notifications and Circulars

India’s trade and customs landscape witnessed several important policy developments during August and September 2025, aimed at boosting trade facilitation, easing compliance, and supporting exporters.   The Central Government extended the customs duty exemption on cotton imports till 31st December 2025, ensuring continued relief for the textile sector amid volatile [...]

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GST Judicial Decisions

The past month has witnessed several significant judicial pronouncements shaping the contours of GST law and its interpretation. From the Madras High Court striking down the extension of limitation period as arbitrary, to the Sikkim High Court ruling that refund of unutilised ITC upon closure of business is impermissible, the [...]

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56th GST Council Meeting

The 56th GST Council Meeting on 3rd September 2025 has marked a significant milestone in India’s indirect tax landscape, introducing major GST rate rationalisations aimed at simplifying compliance and providing consumer relief. The Council has proposed a streamlined two-rate structure—5% for merit goods and 18% as the standard rate—with a [...]

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Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee (Payable byPublic Sector Undertaking Companies) (Amendment and Validation) Bill 2025

The Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee (Amendment and Validation) Bill, 2025 significantly expands the scope of the state’s Pre-GST amnesty scheme, offering a time-bound opportunity for public sector entities to resolve long-standing tax arrears. The amendment broadens eligibility beyond PSU companies to include government [...]

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