Economy

58 briefs

PIB ·

Office of Economic Adviser, DPIIT revises WPI base year to 2022–23

Contract and procurement teams must migrate escalation clause references from WPI 2011-12 to Output PPI or the new WPI 2022-23 series before 15 June 2031 — the old series will be discontinued on that date.

The Guardian ·

US Customs and Border Protection pays $20bn and schedules $65bn IEEPA tariff refunds after Supreme Court strikes down tariffs

Importers that paid IEEPA tariffs must submit CAPE refund claims or file protests within statutory deadlines to recover duties; treasury and tax teams must process $85bn in refunds plus interest