India Tax Updates: DGFT Scrap Rules, LTCG Review, Grasim Reassessment, DA Hike

The Directorate General of Foreign Trade has revised PSIC requirements for metallic scrap, extending RoDTEP to year‑end while keeping rates unchanged. The government is consulting investors on long‑term capital gains and securities transaction tax reforms. Grasim Industries clarified a tax reassessment notice after a court quash, and a pending 3% DA hike for central employees remains unannounced. Ircon International received a four‑week window to reply to a GST notice, the Election Commission affirmed unanimous SIR decisions, and the Finance Ministry urged overseas property owners to disclose assets under FAST‑DS. Additionally, the Supreme Court ruled no prosecution for deleted voters filing Form 6, and the upcoming budget may consider cutting LTCG tax to boost markets.