This article discusses the impact of the recent Public Notice No. 55/2024 dated 24.06.2024 issued by the Commissioner of Customs, NS-III, JNCH, Nhava Sheva which prescribes guidelines for verification of Country-of-Origin Certificates (“COO”) issued under various Preferential Trade Agreements/Free Trade Agreements (“FTAs”) and involving third-country invoicing transactions. This Public Notice No. 55/2024 was issued superseding an earlier Public Notice No. 33/2024 dated 20.03.2024 on the same issue against which the industry at large had raised concerns.

Whether the SEZ Units and developers liable to discharge GST under RCM? The legal answer to this question appears to be unearthed but the practical answer is yet to see light of the day. Let’s deep dive into the background and gradual developments on the subject matter.

The year 2023 has been a special year for Initial Public Offerings (IPO) in India as activity slowed in other major markets across the globe.  India has seen a surge in IPOs, as more and more companies including starts ups are raising capital from the primary market.

The Indian government on Thursday tabled the Digital Personal Data Protection Bill, 2023 before parliament, aiming to protect privacy and regulate the transfer of personal data within and beyond the country.