Customs: CBIC has mandated strict data-entry timelines and value thresholds for logging all customs offense cases onto the DIGIT platform across their entire enforcement lifecycle from investigation to prosecution. [Instruction No. 10/2026-Customs dated 18.06.2026]
Customs: Navi Mumbai International Airport (NMIA) has been authorized to process and clear international couriers. [Notification No. 57/2026-Customs (N.T.) dated 18.06.2026]
Judicial Corner: Unsigned GST Show Cause Notice and Assessment Order Invalid { High Noon Consulting Private Limited v. Deputy Commissioner of State Tax W.P. No. 17720 of 2024} Facts The petitioner challenged a GST Show Cause Notice and the consequential Assessment Order issued under the CGST/TGST Acts. The principal ground of challenge was that neither …
Supreme Court Affirms that Rule 86A Cannot Be Used for Negative Blocking of Electronic Credit Ledger { Union of India & Ors. v. M/s. K.K. Alloys 2026 Taxo.online 1720 (Supreme Court)} Facts: GST Department blocked the taxpayer’s Electronic Credit Ledger under Rule 86A by an amount exceeding the ITC actually available, thereby creating a negative …
Customs: Anti-dumping duty on imports of bottle-grade Polyethylene Terephthalate (PET) resin originating in or exported from the People’s Republic of China has been extended at a rate of 200.66 USD per metric ton for a period of five years. [Notification No. 12/2026-Customs (ADD) dated 19.06.2026]
Customs Anti-dumping duty for a period of five years has been imposed on imports of ‘Sulphenamides Accelerators’ (specifically CBS and NS forms) originating in or exported from China, the European Union, and the United States of America. [Notification No. 11/2026-Customs (ADD) dated 19.06.2026]
Income Tax: The CBDT has issued guidelines prescribing parameters and procedures for compulsory selection of income-tax returns for complete scrutiny during FY 2026-27. The instructions cover returns filed during FY 2025-26 and specify six categories of cases that shall mandatorily be selected for scrutiny. The guidelines have been issued under section 536(2)(c) of the Income-tax …
Customs: Notification 56/2026-Customs omits ICD Mulund from Serial 18 and adds “airports” to Thane, Palghar, and Raigad under Serial 20, putting Navi Mumbai Airport under centralized Mumbai Airport Customs control. [Notification No. 56/2026-Customs (N.T.) dated 16.06.2026]
Central Excise: Notification No. 6/2026-Central Excise has been amended to increase the Special Additional Excise Duty (SAED) on High Speed Diesel (HSD) from Rs. 13.5 per litre to Rs. 14 per litre, effective 16-06-2026. The revised rate applies only to goods cleared for export and excludes PSU exports to Nepal, Bhutan, Bangladesh and Sri Lanka. …
Central Excise: Notification No. 8/2026-Central Excise has been amended to increase the Special Additional Excise Duty (SAED) on Aviation Turbine Fuel (ATF) from Rs. 9.5 per litre to Rs. 12.5 per litre, effective from 16-06-2026. [Notification No. 31/2026-Central Excise dated 15.06.2026]
GST Exemption for Hostel Accommodation in Residential Dwelling {The State of Karnataka v. Taghar Vasudeva Ambrish 2025 INSC 1380; Civil Appeal Nos. 7846–7847 of 2023 (SC)} Facts The respondent co-owned a residential building in Bengaluru consisting of 42 rooms. The property was leased to M/s DTwelve Spaces Pvt. Ltd., which operated it as a hostel/PG …
Customs: MeitY has broadened its Compulsory Registration Order (CRO), 2021 by explicitly substituting entry Serial No. 50 to cover “Standalone Hard Disk Drives”. While USB Type External Hard Disk Drives will remain under their existing regular rules, all other standalone bare or internal hard disk drives will face mandatory BIS registration under safety standard IS …
Customs: Customs field formations have been directed to implement MeitY’s registration exemption for Highly Specialized Equipment (HSE) from MeitY’s Compulsory Registration Order, 2021, effective June 15, 2026, provided fewer than 100 units per model per year are imported or manufactured. To qualify for this exemption, the equipment must meet at least one of the following …
Customs: Updated tariff values for Edible oils, gold, silver, and areca nuts have been notified. Changes apply from 16th June 2026. [Notification No. 55/2026-CUSTOMS (N.T.) dated 15.06.2026]
Customs: Merchant Overtime (MOT) charges have been completely waived for services rendered by customs officers during the clearance of international cruise passengers and their accompanied baggage. This trade-facilitation waiver applies operationally at all customs ports and locations notified for 24×7 operations. [Circular No.27/2026-Customs dated 15.06.2026]
Customs: Customs will now accept export test reports from NABL-accredited or EPC-recognized labs directly, eliminating mandatory duplicate testing at Revenue Laboratories (CRCL) unless a specific risk or intelligence flag is raised. This relaxation applies strictly to exports; import testing procedures remain completely unchanged. [Circular No.28/2026-Customs dated 15.06.2026]
Bizsol Update for the month June 2026. From the Desk of Chairman Article on ‘The Insolvency & Bankruptcy Code – A Legislative Measure Worth Defending Not Romanticising’ by CS Venkat R Venkitachalam, Chairman, Bizsolindia Services Pvt. Ltd Changes in GST, FTP, Central Excise, Customs, Income Tax, Service Tax, MVAT, Company law, FEMA/ RBI , SEZ. Important …
Customs: Past imports of goods used for generation of nuclear power under Tariff Item 8401 30 00 made during 01.04.2019 to 31.01.2026 have been exempted from customs duty by way of retrospective regularisation. [Notification No. 53/2026-CUSTOMS (N.T.) dated 11.06.2026]
Customs: Updated tariff values for Edible oils, gold, silver, and areca nuts have been notified. Changes apply from 12th June 2026. [Notification No. 54/2026-CUSTOMS (N.T.) dated 11.06.2026]
Central Excise: Nil Central Excise Duty, Special Additional Excise Duty (SAED), Road and Infrastructure Cess (RIC), Agriculture Infrastructure and Development Cess (AIDC) has been extended to 22%, 25%, 27% and 30% ethanol blended petrol meeting prescribed blending norms and BIS Specification IS 19850. [Notification No. 26/2026 to 29/2026-Central Excise dated 10.06.2026]
