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| IMC Digital Processes have changed with online features, to experience the new processes visit us at https://www.imcnet.org
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Important Information for Gift City Bulletin
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CUSTOMS
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29
Mar
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Notification No. 17/2025
(Delhi)
S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962
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29
Mar
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Notification No.18/2025
(Delhi)
S.O…….(E).- In exercise of the powers conferred by section 157 read with section 84 of the Customs Act, 1962
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29
Mar
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Notification No.20/2025
(Delhi)
G.S.R. (E). In exercise of the powers conferred by section 157, read with sections 30, 30A, 41, 41A, 53, 54, 56, sub-section (3) of section 98 and sub-section (2) of section 158 of the Customs Act, 19
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29
Mar
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Circular No. 10/2025
(Delhi)
Implementation of the Sea Cargo Manifest and Transhipment Regulations (SCMTR)-reg.
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INCOME TAX
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31
Mar
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Notification No. 23/2025
(Delhi)
G.S.R. 207(E).––In exercise of the powers conferred by section 44AB and section 295 of the Income-tax Act (43 of 1961)
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31
Mar
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Notification No. 24/2025
(Delhi)
S.O. 1510(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961
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29
Mar
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Notification No. 22/2025
(Delhi)
G.S.R. 195(E). In exercise of the powers conferred by section 295 read with section 194T of the Income-tax Act, 1961
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29
Mar
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Circular No. 05/2025
(Delhi)
Order under section 119 of the Income-tax Act, 1961 for waiver on levy of interest under section 201(IA)(ii)/ 206C(7) of the Act, as the case maybe, in specific cases -regarding.
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RBI
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2
Apr
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RBI/2025-26/01
(Delhi)
Master Circular on SHG-Bank Linkage Programme
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2
Apr
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RBI/2025-26/02
(Delhi)
Master Circular – Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM)
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2
Apr
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RBI/2025-26/03
(Delhi)
Master Circular - Credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs)
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2
Apr
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RBI/2025-26/05
(Delhi)
Master Circular - Disbursement of Government Pension by Agency Banks
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2
Apr
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RBI/2025-26/06
(Delhi)
Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission
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2
Apr
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RBI/2025-26/07
(Delhi)
Master Circular on Board of Directors - UCBs
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2
Apr
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RBI/2025-26/08
(Delhi)
Master Circular – Basel III Capital Regulations
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2
Apr
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RBI/2025-26/09
(Delhi)
Master Circular - Prudential Norms on Capital Adequacy - Primary (Urban) Cooperative Banks (UCBs)
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2
Apr
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RBI/2025-26/10
(Delhi)
Reserve Bank of India (Classification, Valuation and Operation of the Investment Portfolio of Commercial Banks) Directions, 2023
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2
Apr
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RBI/2025-26/11
(Delhi)
Master Circular - Guarantees, Co-acceptances & Letters of Credit - UCBs
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2
Apr
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RBI/2025-26/12
(Delhi)
Master Circular - Guarantees and Co-acceptances
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2
Apr
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RBI/2025-26/13
(Delhi)
Master Circular - Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances
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2
Apr
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RBI/2025-26/14
(Delhi)
Master Circular - Income Recognition, Asset Classification, Provisioning and Other Related Matters - UCBs
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2
Apr
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RBI/2025-26/15
(Delhi)
Master Circular - Bank Finance to Non-Banking Financial Companies (NBFCs)
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2
Apr
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RBI/2025-26/17
(Delhi)
Master Circular - Housing Finance for UCBs
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2
Apr
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RBI/2025-26/18
(Delhi)
Master Circular - Management of Advances - UCBs
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2
Apr
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RBI/2025-26/19
(Delhi)
Master Circular- Exposure Norms and Statutory / Other Restrictions - UCBs
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LIVE MARKET
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BSE (SENSEX)
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NASDAQ
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USD
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EURO
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GBP
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GOLD
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SILVER
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INDIAN ECONOMY
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US President Donald Trump on April 3 said that countries looking for exemptions from his “kind reciprocal tariffs” will have to lower duties on American goods and “stop manipulating their currencies.”
“All the foreign presidents, prime ministers, kings and queens, ambassadors, and everyone else who will so...
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Donald Trump’s “Liberation Day” package of tariffs is being interpreted in India in three different ways.
The immediate reaction is relief mixed with schadenfreude: At 26%, the tax on India is not the slap on the wrist that diplomats in New Delhi would have hoped for, especially after making concessions to...
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Russian shipments of crude oil to India, that have rebounded in March after falling in February due to the US sanctions, are expected to slow down further if the US imposes tariffs on countries buying Russian oil.
Furthermore, India’s import bill could rise significantly if Russian oil does come under tar...
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Reciprocal tariffs on all imports to the US are scheduled to kick in from today. Donald Trump calls it 'Liberation Day' for US trade. The strategy is to weaponise tariffs to force countries to lower trade barriers and improve the competitiveness of US manufactured products. 'We're going to be very nice, relat...
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After weeks of anticipation, President Donald Trump unveiled a new set of tariffs on both allies and adversaries, aiming to address what he describes as unfair trade practices. The tariffs, which are set to impact countries that impose high duties on US exports, will see India facing a 26% tariff on its goods...
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India’s manufacturing activity recovered the lost ground lost in February, picking up to its highest in eight months, at 58.1 in March as against 56.3 in the previous month, data released by S&P Global on Wednesday showed. The latest reading showed a substantial improvement in the health of the sector that wa...
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To expedite investments under various agri-sector schemes, the government will let investors to benefit from its unified digital platform Krishi Nivesh.
The facility is being used by a host of ministries including agriculture, food processing, Jal Shakti, new and renewable energy and fertilizers.
Source...
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MARKET & FINANCE
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The benchmark 10-year bond yield on Wednesday fell below the 6.5% mark for the first time in more than three years on easing liquidity, govt's decision to almost equally spread its borrowings for the fiscal and the stability of rupee in recent weeks. In addition, there are heightened expectations that the RBI...
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The US dollar on Wednesday fell one percent against the euro as President Donald Trump announced he is signing an order imposing retaliatory tariffs on US trading partners.
The dollar also slipped against other major currencies, including the British pound sterling and the Swiss franc....
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Indian companies have raised around Rs 58,000 crore from overseas capital markets in the recently concluded financial year (FY25).
This was driven by a decline in hedging costs and strong demand for high-yield Indian papers among global investors.
According to data from Primedatabase, domestic compani...
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GLOBAL CORPORATE
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Over a sixth of global trade of nearly $24 trillion in 2023 is likely to be affected, as the United States imposed a 10 percent baseline tariff on all goods entering its territory on April 3.
The US imported $3.8 trillion worth of goods in 2023, as the global imports settled at a little over $24 billion. W...
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Taiwan President Lai Ching-te said on Wednesday ahead of an announcement of sweeping import tariffs by the United States that the island is an "indispensable" member of the global supply chain and it would defend its companies' interests.
Officials in President Donald Trump's administration, including Trea...
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U.S. automaker Tesla sold 78,828 China-made electric vehicles in March, down 11.5% from a year earlier, data from the China Passenger Car Association (CPCA) showed on Wednesday.
Deliveries of China-made Model 3 and Model Y vehicles increased 156.9% from the previous month.
Chinese rival BYD, with its Oc...
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China has taken measures to limit its companies from making investments in the United States in an effort to gain more leverage in potential trade talks with U.S. President Donald Trump's administration, Bloomberg News reported on Wednesday citing people familiar with the matter....
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Chinese companies including ByteDance, Alibaba Group and Tencent Holdings have placed at least $16 billion in orders for Nvidia's H20 server chips in the first three months of the year, the Information reported on Wednesday, citing two people with direct knowledge of the transactions.
In February, Reuters ...
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The head of the International Monetary Fund said uncertainty around US President Donald Trump’s threatened tariffs risks denting global economic activity.
“The sooner there is more clarity, the better,” IMF Managing Director Kristalina Georgieva said in an interview with Reuters on Monday. “Because uncerta...
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The imposition of higher tariffs by the US may change the global "trade flows", increasing the chances of India becoming more vulnerable to steel imports, SAIL Chairman Amarendu Prakash said on Wednesday. The Donald Trump administration has proposed a 25 per cent tariffs on all steel and aluminium imports int...
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Tesla's first-quarter sales slumped 13 per cent, its weakest performance in nearly three years, in a backlash to CEO Elon Musk's embrace of far-right politics and as consumers seek out newer models from rival electric-vehicle makers.
Shares of the automaker fell about 6 per cent in early trading on Wedne...
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Banking
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State-owned Punjab National Bank (PNB) on Wednesday said it has posted a credit growth of 13.6 per cent to Rs 11.17 lakh crore for the March quarter. Total advances were Rs 9.83 lakh crore at the end of March 31, 2024, PNB said in a regulatory filing.
The lender reported a 14.3 per cent rise in total depos...
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HDFC Bank, the country’s largest private-sector lender, has reduced interest rates on select fixed deposits (FDs) below Rs 3 crore, effective April 1, almost two months after the RBI’s rate-setting panel slashed the repo rate by 25 basis points.
The lender has cut deposit rates by 35 basis points on fixed...
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Pradhan Mantri Mudra Yojana (PMMY) disbursements are benefiting financially weaker regions more, improving financial inclusion in underdeveloped states, according to a report by SBI Research.
“A financial inclusion metric show Mudra disbursements have a stronger impact on states with lower financial inclu...
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GLOBAL ECONOMY
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| Trade Report |
| Country |
Month |
Link |
| Switzerland |
July 2019 |
Click |
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United States President Donald Trump on Wednesday announced a sweeping set of reciprocal tariffs, imposing a baseline 10 per cent tax on all imports and significantly higher rates on dozens of countries with which the US runs trad...
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The past three months have been more exciting for the global economy than the past three decades, thanks to Donald Trump and his most potent tool to settle scores: tariffs. If the tariffs' impact lasts longer than many would want,...
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Hiring at US companies accelerated last month, rebounding from a weak February marked by severe weather in some regions of the country.
Private-sector payrolls increased by 155,000 in March, according to ADP Research. That was ...
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Speaking at the “Make America Wealthy Again” event at the Rose Garden, US President Donald Trump reflected on over five decades of what he described as economic exploitation by other nations, and declared that the US would no long...
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Mexico's government sees its economy growing between 1.5% and 2.3% this year, down from a prior estimate of 2.0% to 3.0%, a draft budget from the country's finance ministry showed on Tuesday.
The growth forecast, which the fina...
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Thailand could suffer a $7 billion to $8 billion export loss from potential U.S. tariffs if the U.S. administration were to even up levies between the two countries, but it has a strategy for trade negotiations, senior officials s...
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Standard Chartered on Wednesday revised its 2025 economic growth forecast for China to 4.8% from 4.5%, given "stronger-than-expected" real activity performance in the first two months and the March PMI survey.
The bank said Chi...
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The effect of U.S. tariffs on Italian companies will be massive, the head of national industry lobby Confindustria said on Wednesday, calling for Europe to negotiate with President Donald Trump and avoid further escalation.
Tru...
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Ghana's annual consumer inflation slowed for a third straight month to 22.4% in March from 23.1% the previous month, as food price pressures eased, the statistics agency said on Wednesday.
The easing of inflationary pressures i...
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Brazil's industrial production unexpectedly fell in February from the previous month, official data showed on Wednesday, marking the fifth consecutive month without a positive reading as policymakers watch for signs of economic sl...
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U.S. tariff hikes may slow down world economic growth and fuel inflation, and oil prices could be lower than forecast for several years as a result of reduced global demand, the Russian central bank said on Wednesday.
President...
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The U.S. administration's tariff hikes should not derail an ongoing decline in inflation in Europe, ECB policymaker Francois Villeroy de Galhau said on Wednesday, adding that the fall boosted the case for a fresh interest rate cut...
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TRUMP HAS MANY ARGUMENTS FOR TARIFFS. THEY'RE ALL WRONG.
My local bookstore has been taking advantage of me for years. I have run a trade deficit, giving it money with nothing but books in return. At the same time I have been tak...
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New orders for U.S.-manufactured goods increased solidly in February, likely as businesses front-loaded orders ahead of tariffs.
Factory orders rose 0.6% after an upwardly revised 1.8% rebound in January, the Commerce Departmen...
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US President Donald Trump is set to announce a sweeping plan on Wednesday to place tariffs on potentially trillions of dollars’ worth of goods imported into the United States. It is still not yet known how much the tariffs will be...
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Amid all the blaring headlines coming out of Washington, here’s a piece of news that is getting far too little attention: The US is on course for fiscal breakdown. That’s the unambiguous message from the Congressional Budget Offic...
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President Donald Trump on Wednesday is set to announce the most expansive US trade restrictions in a century, at a stroke upending the postwar global trading system and posing difficult-to-predict economic risks.
The administr...
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The world’s major growth engines are about to run in reverse. The policies and uncertainties of US President Donald Trump’s second administration have hit a sluggish global economy with a transformational exogenous shock. Risks ar...
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INDIAN CORPORATE
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Indian metals-to-oil conglomerate Vedanta is looking for a global company to partner with on expansion projects worth $20 billion across zinc, aluminium, copper, iron, steel, oil, gas and power, as per a tender document.
The bi...
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Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF), which sells dairy products under the 'Amul' brand, recorded an 11 per cent rise in its revenue to Rs 65,911 crore for the last fiscal, mainly driven by an increase in vol...
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Adani Ports And Special Economic Zone Ltd (APSEZ) on Wednesday released its business update for the month of March wherein it announced that the company has handled 41.5 MMT cargo volume during the period. This, it added, was up 9...
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GST
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This is to inform taxpayers about recent developments concerning the application process for GST registration. It is advised to keep the following key points in mind during the registration process.
1. Rule 8 of the CGST Rules, 2017 has been amended to provide that an applicant can be identified on the ...
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Tel : 91-22-71226633 | Fax : 91-22-22048508 / 22838281
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