Bank account freezing requires statutory authority; anti-money-laundering compliance and KYC monitoring do not permit unilateral indefinite restrictio...
Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
The Ministry of Finance amended notification No. 22/2022-Customs relating to India-UAE CEPA through notification No. 08/2025-Customs dated February 1, 2025. Key changes include removal of multiple serial numbers from Table I and insertion of new entries in Table II covering various goods. Notable additions include new tariff rates for marble/stone products (8-20%), automotive items including CKD kits (10.5-20%), electric vehicles (10.5-35% based on assembly level), motorcycles (0-35% based on type and assembly), and certain electronic components (0%). The amendments aim to update preferential tariff treatment under the trade agreement while introducing differentiated duty structures based on value addition and assembly levels. The notification takes effect from February 2, 2025.
The Ministry of Finance amended notification No. 22/2022-Customs relating to India-UAE CEPA through notification No. 08/2025-Customs dated February 1, 2025. Key changes include removal of multiple serial numbers from Table I and insertion of new entries in Table II covering various goods. Notable additions include new tariff rates for marble/stone products (8-20%), automotive items including CKD kits (10.5-20%), electric vehicles (10.5-35% based on assembly level), motorcycles (0-35% based on type and assembly), and certain electronic components (0%). The amendments aim to update preferential tariff treatment under the trade agreement while introducing differentiated duty structures based on value addition and assembly levels. The notification takes effect from February 2, 2025.
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