INFORM: Infrastructure, Projects & Finance – October 2024

The highlights of the current issues are:

Case laws:

• Supreme Court Stresses Strict Adherence to Clear Language in Interpreting Legal Instruments
• Tax Deduction for Infrastructure Development Contracts Valid
• Fees Collected by Foreign Bank Branch Not Taxable in India

Notifications/circulars:

• Transition of LRS Monthly to Daily Return Submission
• RBI’s Review of Gold Loan Practices Uncovers Irregularities
• MoRTH Issues Directive to Ensure Compliance with Updated Policy Circulars in National Highway Projects
• MoRTH Tightens Quality Control Norms for EPC Mode Road Projects
• Government Forms Expert Panel to Oversee Tunnel Projects Across India
• Guidelines Issued for Utilizing Inert Materials in National Highway Construction
• Amendment to Guidelines for Material Use and Value Engineering in National Highway Projects
• Draft Migration of Tariff Guidelines, 2024 Issued by Ports Ministry