DGFT: India & Arab Countries Chamber of Commerce, Industry & Agriculture (IACCIA), New Delhi, has been authorised under Appendix 2E of FTP 2023 to issue Non-Preferential Certificates of Origin with immediate effect. (Public Notice No. 43/2025-26 dated 09.01.26
DGFT Appendix 2U of the Handbook of Procedures, 2023 is amended to revise the eBRC format by adding GSTIN, GST Invoice Number and Date, and modifying the Address field. The revised format is applicable from 13 January 2026. (Public Notice No. 42/2025-26 dated 09.01.26)
Income Tax The Core Settlement Guarantee Fund is notified for exemption under Section 10(23EE) from AY 2024-25 onwards, for specified income, and is established by AMC Repo Clearing Limited, a recognised clearing corporation. (Notification No. 06/2026 dated 08.01.26)
The Government of Maharashtra has, vide Government Resolution (GR) No. M/Ind-2023/P.No.187/Udyog-2 dated 31st December 2025, announced the Maharashtra Industries, Investment & Services Policy 2025. The policy marks an important milestone in the State’s industrial and economic roadmap by expanding the focus from manufacturing-led growth to a comprehensive manufacturing, services and innovation–oriented development framework. For several …
Bizsol Update for the month January 2026. From the Desk of Chairman Article on YOU & YOUR WILL – How Courts Interpret Your Wishes After Your Death in India’, by CS Venkat R Venkitachalam, Chairman, Bizsolindia Services Pvt Ltd Article on ‘Expectations from Budget 2026-27’ by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt Ltd Article …
Customs The existing anti-dumping duty on imports of Flexible Slabstock Polyol (HS 3907 29) from Saudi Arabia and the UAE has been extended pending sunset review and shall remain in force up to and including 17 June 2026. (Notification No. 01/2026-Customs (ADD) dated 02.01.26)
Insolvency and Bankruptcy code Revised electronic forms have been introduced for the liquidation process, requiring insolvency professionals to file forms with enclosures on the designated electronic platform, and the existing forms shall stand discontinued with effect from 1 January 2026. (Circular No. IBBI/LIQ/91/2026 dated 05.01.26)
Income Tax Inbar Holding RSC Limited (PAN: AAGCI2029C) has been notified as a specified person under section 10(23FE) for eligible investments made in India, effective from the date of notification up to 31-03-2030. (Notification No. 1/2026 dated 05.01.26)
DGFT: Interest Subvention for Pre- and Post-Shipment Export Credit under EPM – Niryat Protsahan has been launched offering 2.75% p.a. interest relief to eligible MSME exporters on rupee export credit, subject to a ₹50 lakh annual cap, on a pilot and consultative basis. (Trade Notice No. 20/2025-26 dated 02.01.26)
DGFT: Collateral Support for Export Credit under EPM – Niryat Protsahan has been launched for providing CGTMSE-backed credit guarantees up to ₹10 crore for eligible MSME merchandise exporters’ export-linked working capital loans, on a pilot and consultative basis. (Trade Notice No. 21/2025-26 dated 02.01.26)
DGFT The import policy for Low Ash Metallurgical Coke under ITC (HS) Chapter 27 has been liberalised by deleting Policy Condition No. 08, thereby allowing free import of specified coke varieties without any restriction. (Notification No. 54 /2025-26 dated 03.01.26)
GST: GST Portal now enables online opt-in declaration for “Specified Premises” for hotel accommodation services via Annexure VII (existing taxpayers) and Annexure VIII (new registrations), with defined eligibility, timelines (01 Jan 26–31 Mar 26), and EVC-based filing. (Advisory dated 04.01.26)
HC remanded matter as no credit was given to assessee for unavailed ITC before raising demand of CESS Case {Bidyut Autotech (P.) Ltd. vs. Assistant Commissioner of State Tax [2025] 181 taxmann.com 354 (Calcutta HC)} Facts: The assessee was engaged in manufacturing activities and was liable to pay CESS under the applicable GST …
Here is wishing you all a Happy and Prosperous New Year! When I sat in front of my computer screen and typing this piece, I was acutely aware of my own undefinable trepidations. Will I continue with my undiluted admiration for our famed judiciary or would I be bitter about it? The reason was today …
Introduction: In India a Will is defined by Section 2(h) of the Indian Succession Act, 1925 as “the legal declaration of the intention of a testator with respect to his property, which he desires to be carried into effect after his death”. It is a formal and written document through which a person (the testator) …
Hon’ble Prime Minister Shri Narendra Modi convened a pre-Budget consultation meeting with eminent economists and sectoral experts, including individuals with policy and industry experience. The meeting, attended by senior government officials, policy ecosystem experts, and NITI Aayog representatives, focused on seeking inputs and suggestions on “mission‑mode reforms” across sectors to boost growth and efficiency. Hon’ble …
Introduction With the legal framework for Section 18A of the Customs Act, 1962 already in place, the CBIC has further clarified the scope and intent of voluntary post-clearance revisions through a detailed circular (Circular No. 26/2025- Customs | Dated: 31st October 2025) laying down administrative guidelines for implementation of Section 18A. This circular, read with …
Introduction: A Watershed Moment for India’s GCC Ecosystem On 3rd November 2025, the Government of Maharashtra launched the Maharashtra Global Capability Centre (GCC) Policy 2025 — the most ambitious, investor-friendly and execution-focused GCC policy ever introduced by any Indian state. With clear targets of attracting 400 new GCCs and creating 4 lakh high-skilled jobs …
Supreme Court stays GST proceedings: SCN under Section 74 found prima facie vague and lacking material particulars {GR Infra Projects Limited, Ratlam vs. State of Madhya Pradesh & Ors. [SLP (C) No. 33594/2025} Facts Petitioner, engaged in road and highway construction, was subjected to a search under Section 67 of the CGST Act in August …
No taxability of dividend on ADR/GDR if tax was deducted at source before it was credited to depository bank ITAT Florida Retirement System vs. Assistant Commissioner of Income-tax (INTERNATIONAL TAX)-2(3)(1) [2025] 181 taxmann.com 232 (Mumbai – Trib.) Facts of the case: Florida Retirement System, a non-resident investor, held shares of Indian companies in …
