Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The CESTAT upheld a penalty against a customs broker for facilitating the transport of duty-free goods to unauthorized locations. The decision reinforces compliance obligations under customs regulations.
The Allahabad High Court has stated that delays in criminal cases are caused by systemic issues beyond judicial inefficiency, including police cooperation and forensic challenges. Reform directives were issued along with a bail rejection.
ROC Chennai penalized a company and its director for failing to include PAN and email IDs of allottees in Form PAS-3. This ruling underscores the stringent compliance requirements mandated by Rule 14(6) of the Companies Act.
The National Company Law Appellate Tribunal ruled that an appeal e-filed on the last permissible day at 9 PM is valid, supporting digital filing frameworks under the IBC.
The Reserve Bank of India has issued new guidelines modifying reporting requirements under FEMA. These changes aim to simplify the compliance process for authorized persons regarding foreign exchange transactions.
The Reserve Bank of India has initiated a review of past circulars issued under the Foreign Exchange Management Act, 1999, to rationalize the regulatory framework. This review may lead to the discontinuation of obsolete regulations.
RBI confirms cut-off price for the auction of 6.94% GS 2036, totaling ₹34,000 Crore accepted.
RBI publishes auction results for 6.94% GS 2036, indicating strong competitive interest.
RBI has published its weekly statistical supplement, providing key insights into bank liabilities and assets.
RBI has imposed a monetary penalty of ₹3.10 lakh on GIC Housing Finance for non-compliance with KYC guidelines.
The RBI has scheduled auctions for 91-Day, 182-Day, and 364-Day Treasury Bills, raising ₹17,000 Crore.
This article clarifies the GST provisions applicable to goods sent for job work, including ITC-04 responsibilities and compliance requirements.