Read Time: 22 mins

The Government of Maharashtra has introduced the Global Capability Centre (GCC) Policy 2025 to position the state as a leading hub for global shared services, technology, and innovation. Aiming to attract 400+ GCCs, drive INR 5,06,000 Mn in investment, and create 4 lakh skilled jobs, the policy offers a strong mix of fiscal incentives, such as capital and rental subsidies, payroll and power support, and R&D benefits and non-fiscal enablers like industry status, 24x7 operational approvals, single-window clearances, and priority land allotment. At BSC, we continue to analyse such regulatory developments to help businesses identify and leverage emerging opportunities....

Read Time: 20 mins

The CBIC has notified the Customs (Voluntary Revision of Entries Post Clearance) Regulations, 2025, enabling importers and exporters to electronically revise entries even after clearance under a simple ARN-based system. This reform supports voluntary compliance through self-assessment and duty payment without penal action, while refunds are automatically treated as claims under Section 27. With risk-based verification and exclusions for cases under audit, investigation, or reassessment, the move underscores CBIC’s push for trust-based compliance and encourages stakeholders to revisit their customs SOPs to benefit from this streamlined mechanism....