SIGN IN SUBSCRIBE

News Update

CBDT issues FAQs on Revised Guidelines for compounding of offencesCurfew imposed in Nagpur after violence erupts over Aurangzeb rowST - Service tax demand confirmed against appellant citing forged agreements, misdeclaration of taxable services and deliberate tax evasion: CESTATST - Rectification of O-i-O is invalidated where AO seeks to revisit & change findings, which goes beyond scope of Sec 74 of Finance Act 1994, which only permits correction of mistakes apparent & clerical errors: CESTATIsrael triggers avalanche of air strikes at Gaza as Ceasefire fails; 66 killedCX - Genuine refund claims should not be denied due to procedural technicalities when clear evidence of double duty payment is provided: CESTAT9th India-Australia Defence Policy talks held in New DelhiCX - The amount deposited during an investigation is not a pre-deposit under Section 35FF but a revenue deposit making it eligible for interest at 12% per annum: CESTATTaiwan detects 9 Chinese warships & 59 aircraft encircling island countryCus - Aircraft engine stands should be classified under CTH 8609 00 00 as 'containers for transport' rather than under CTH 8716 39 00 as 'trailers,' thereby setting aside the demand for differential customs duty: CESTATTrump urges Putin not to slaughter Ukrainian troopsCus - Royalty & technical fees need not be included in transaction value of imported goods, as they are not a condition of sale for imported items: CESTATGovt e-Marketplace surpasses Rs 5 Lakh Crore GMVCus - Dabur India Ltd's refund claim is upheld for excess CVD paid on imports holding that company had borne the duty burden itself and did not pass it on to consumers, thereby overcoming the bar of unjust enrichment: CESTATAustralian patient is first to survive for 100 days with titanium heartI-T - Allowance in respect of bad debts u/s 36(1)(vii) is allowable only if debt was taken into account for computing income of assessee in previous year in which amount is written off: HCH7N9 bird flu outbreak spreads to more cities in USI-T- Delay in filing ITR ought to be condoned where factors such as issues in I-T portal & operational challenges due to COVID pandemic, were not considered: HCNo directive to mining companies to review EIA for carbon emissions: MinisterI-T - If assessee has not proved genuineness of purchases, which inter alia include source of making payment for such purchases, such case calls for addition u/s 69C: HCPM Modi joins Trump-owned social media platform Truth SocialI-T - AO can initiate reassessment proceedings for year which has already been assessed u/s.143(3), if material information was not disclosed correctly & truly by assessee: ITATMoS inaugurates QUAD Workshop on pandemic preparedness for Indo-Pacific RegionI-T - No TDS is applicable u/s 194C on fuel charges paid by assessee if same was reimbursed on cost-to-cost basis: ITATDoval chairs meet of intelligence heads, including three from Five Eyes AllianceI-T - AO can't disallow commission expenses incurred by insurance company, without examining PAN details along with related documents placed on record by way of additional evidence under Rule 29: ITATFirst things First - The DIN!
 
India, New Zealand announce launch of FTA negotiations

By TIOL News Service

NEW DELHI, MAR 17, 2025: INDIA and New Zealand share a longstanding partnership founded on shared democratic values, strong people-to-people ties, and economic complementarities. Both countries have continuously worked towards building their bilateral relationship encompassing trade and investment.

On the eve of the bilateral meeting between the Hon'ble Prime Minister of India,   Narendra Modi and the Right Honourable Christopher Luxon, Prime Minister of New Zealand and in the spirit of deepening our economic co-operation, the two nations are pleased to announce the launch of negotiations for a comprehensive and mutually beneficial India-New Zealand Free Trade Agreement (FTA) negotiations. This significant step was marked by a meeting between Hon'ble Piyush Goyal, India's Minister for Commerce and Industry, and Hon'ble Mr. Todd McClay, New Zealand's Minister for Trade and Investment, on March 16th, 2025, laying the foundation of a momentous partnership towards strengthening the economic and trade ties between the two countries.

The India-New Zealand FTA negotiations aim to achieve balanced outcomes that enhance supply chain integration and improve market access. This milestone reflects a shared vision for a stronger economic partnership, fostering resilience and prosperity.


POST YOUR COMMENTS
   

TIOL Tube Latest

TIOL Tube
Shri Shailendra Kumar reading Citation for Sir Ratan Tata.

TOP NEWS


AR not Afar by SK Rahman

VISION 360



Shri Vijay Kumar delivering welcome address at TIOL Congress 2025.


Justice C V Bhadang addressing the gathering at TIOL Congress 2025.

TII LATEST

TIOLCORPLAWS LATEST