Single Unified Multi-Purpose Electronic Bond in Customs
The Central Board of Indirect Taxes & Customs (CBIC) is launching the “Ekal Anubandh” initiative to streamline customs procedures and reduce the administrative burden on importers and exporters. This initiative introduces the Single All-India Multi-purpose Electronic Bond (SEB), replacing multiple transaction-wise bonds required at different ports.
Revision of Working Hours for Labourers to Prevent Sunstroke Due to Rising Temperatures in Kerala
With the onset of summer in Kerala and a rapid increase in daytime temperatures, workers engaged in outdoor labour across various regions of the state are vulnerable to sunstroke. Considering public welfare and worker safety, the working hours of labourers employed in the state are restructured in accordance with Rules 24 and 25 of the Kerala Minimum Wages Rules, 1958. The new schedule will be applicable from February 11, 2025, to May 10, 2025 with the following revised conditions to be strictly followed by inspection officers.
Chhattisgarh Shops and Establishments (Regulation of Employment and Conditions of Service) Act, 2017
The Government of Chhattisgarh has issued a notification announcing the enforcement of the Chhattisgarh Shops and Establishments (Regulation of Employment and Conditions of Service) Act, 2017, with effect from February 13, 2025.
Automation of Refund Application and Processing in Customs
To enhance efficiency, transparency, and reduce physical interface, CBIC has introduced an electronic system for filing and processing refund applications on the ICEGATE Portal. This replaces the manual process and aligns with the goal of full Customs digitization by mid-2026.
Customs (On-Arrival Movement for Storage and Clearance at Authorised Importer Premises) Regulations, 2025
The regulations facilitate trade by allowing designated importers to store and clear goods at authorised premises instead of ports.
Launch of the RBIDATA Mobile App by RBI
The Reserve Bank of India (RBI) has introduced RBIDATA, a mobile app designed to provide macroeconomic and financial statistics related to the Indian economy in a user-friendly and visually engaging format.
Notification Regarding Amnesty Scheme, 2025 for Repealed Acts
The Rajasthan Finance Department has introduced the Amnesty Scheme 2025 for repealed Acts, offering relief on outstanding demands and disputed amounts for periods up to June 30, 2017. This scheme applies to all dealers or persons with pending liabilities under any repealed Act, excluding those related to the Rajasthan Value Added Tax Act, 2003 and the Central Sales Tax Act, 1956 for goods listed under Entry 54 of the State List (Seventh Schedule, Constitution of India).
Exemption of Stamp Duty on Land Transfer for Landowners
The Rajasthan State Government has announced a stamp duty exemption on land transfer instruments allotted to landowners in exchange for acquired land. This exemption aims to ease the financial burden on original landowners; however, it does not apply to assignees or transferees. The initiative supports a smoother land acquisition process while ensuring benefits are directed to the rightful landowners.
Bihar Real Estate (Regulation and Development) (Amendment) Rule, 2024
The Bihar Government has introduced the Bihar Real Estate (Regulation and Development) (Amendment) Rules, 2024 on Feb 18, 2025 to amend the Bihar Real Estate (Regulation and Development) Rules,2017.
Clarification on GST Rates and classification of goods
The GST Council’s 55th meeting, held on December 21, 2024, in Jaisalmer, led to important clarifications on GST rates and classification of various goods. Based on the Council’s recommendations, the government has issued Circular No. 247/04/2025-GST to ensure uniformity in tax implementation.