DGFT reviews procedure to avail EPCG Scheme to reduce ‘Compliance Burden’ and enhance ‘Ease of doing Business’

The amendment provides that the authorization holder shall submit to RA concerned a report on fulfilment of export obligation through online mode after expiry of first block period of four years and continuously till the expiry of valid EO period. Such report shall contain a statement with details of Shipping bill/Invoice number/Bill of Export/FIRC number with date and number, as applicable, duly certified by Chartered Accountant/Cost Accountant/Company Secretary for evidencing fulfillment of specific as well as average EO (wherever applicable).

Indian Wireless Telegraphy (Cell Broadcasting Service for Disaster Alerts) (Amendment) Rules, 2024

Manufactures, companies, software developers, or any other business entities involved in the manufacturing, importing, or development of operating software for smartphones or feature phones intended for sale in India, shall incorporate the auto-readout feature in Indian accent for four languages, other than Hindi and English, as per the Eighth Schedule of the Constitution of India every year from the date of this notification, until this feature is incorporated for all languages as per the Eighth Schedule of the Constitution of India.

Telecommunications (Right of Way)Rules, 2024

A facility provider seeking right of way in any public property for the purposes of establishment, operation or maintenance of underground telecommunication network, shall submit an application in such form and manner, as provided on the portal, by the concerned public entity which has ownership, control or management over such public property.

Courier Imports and Exports (Electronic Declaration and Processing) Amendment Regulations, 2024

The amendment provides that where an export is made under Duty Drawback, Remission of Duties and Taxes on Exported Products (RoDTEP) or Rebate of State and Central Taxes and Levies (RoSCTL) schemes, the Authorised Courier or his agent, who has passed the examination under the Customs Brokers Licensing Regulations, 2018, shall make entry of goods for export in the electronic integrated declaration referred to in the Shipping Bill (Electronic Integrated Declaration and Paperless Processing) Regulations, 2019.

Companies (Accounts) Amendment Rules, 2024

Form CSR-2 shall be filed separately on or before 31st December, 2024 for FY 2023-2024 after filing Form No. AOC-4 or Form No. AOC-4-NBFC (Ind AS), as specified in these rules or Form No. AOC-4 XBRL as specified in the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules, 2015 as the case may be.

Income tax exemption to ‘Auroville Foundation

This Notification shall apply with effect from the date of publication in the Official Gazette (i.e. from the Previous Year 2024-25) and accordingly shall be applicable for Assessment Years 2025-2026 to 2029-2030.