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As energy supply disruptions due to the ongoing Middle East conflict stretch into a second month, the government has moved to cushion the impact on domestic industries by granting a full customs duty exemption on select critical petrochemical products, providing much-needed short-term relief. The decision, which will be applicable until June 30, will address supply…
Tata Motors has opposed proposals to exempt small petrol vehicles from the Corporate Average Fuel Efficiency (CAFE) norms, arguing that such relaxations could dilute the focus on sustainable technologies and undermine the country’s push towards electric mobility, PTI reported.In a letter to the Prime Minister’s Office, the Mumbai-based automaker said granting exemptions to petrol vehicles…
NEW DELHI: The Supreme Court on Wednesday modified its August 12 order that previously barred coercive action against diesel vehicles older than 10 years and petrol vehicles older than 15 years in the National Capital Region (NCR).The court clarified that action can be taken against vehicles that do not meet emission standards below BS-IV. Delhi…
The Supreme Court has directed the Election Commission to explain why Assam voters were exempted from providing documentary proof during electoral roll revision, a requirement elsewhere. This exemption, despite concerns about illegal migrants, has been questioned. Separately, the court ruled that voting rights for persecuted minorities under the CAA can only be considered after citizenship…
A dispatch rider passes in front empty building of the Lukoil headquarter in Sofia, Bulgaria (Picture credit: AP) The United States has temporarily lifted some restrictions on Lukoil-branded fuel stations operating outside Russia, allowing them to continue running despite sanctions placed on the parent company. The treasury department confirmed on Thursday that these stations —…
NEW DELHI: Supreme Court Monday agreed to hear a plea to do away with the exemption granted to political parties under Income Tax law and to restrain the parties from receiving donations in cash.The court sought responses from Centre and Election Commission on the plea which challenged the validity of a provision of the Income…
The government has postponed the implementation of mandatory quality standards for certain imported steel and stainless-steel products until March 2026, in order to secure the supply of crucial steel items. Quality Control Orders (QCOs), which prevent non-BIS-compliant steel from entering the country, had earlier seen certain exemptions. The Ministry of Steel had allowed specified steel…
The United States has granted Hungary a one-year exemption from its sanctions on the use of Russian oil and gas, a White House official said on Friday.The decision came after Hungarian Prime Minister Viktor Orbán personally appealed for the reprieve during a meeting with US President Donald Trump in Washington. Why Trump exempted Hungary Orbán,…
The Cochin Income Tax Appellate Tribunal’s analysis centres on the taxpayer’s disclosure compliance. (AI image) While filing your income tax return and claiming tax exemptions, it is important to be aware of the limits and applicability. In one such case where the taxpayer was mistaken about the amount of tax exemption available to her for…
The Cochin Income Tax Appellate Tribunal’s analysis centres on the taxpayer’s disclosure compliance. (AI image) While filing your income tax return and claiming tax exemptions, it is important to be aware of the limits and applicability. In one such case where the taxpayer was mistaken about the amount of tax exemption available to her for…
