Team Bizsol

MCA / IEPFA The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, organised a “Niveshak Shivir” in Bhubaneswar on 27 March 2026 in collaboration with SEBI and Market Infrastructure Institutions. The camp served as a single‑window facilitation platform to assist investors in resolving issues related to unclaimed dividends, shares, and …

MCA / IEPFA : The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, organised a “Niveshak Shivir” in Bhubaneswar on 27 March 2026 in collaboration with SEBI and Market Infrastructure Institutions. The camp served as a single‑window facilitation platform to assist investors in resolving issues related to unclaimed dividends, shares, and pending IEPFA claims, including on‑the‑spot KYC and nomination updates. (31.03.2026) Read More »

DGFT Policy support and relaxation measures for the Gem & Jewellery sector under Chapter 4 of the Handbook of Procedures (HBP), 2023. In response to prevailing geopolitical developments in West Asia affecting global trade and logistics, the government has granted a one-time relaxation for specific export and import timelines. For cases where the export, re-export, …

DGFT: Policy support and relaxation measures for the Gem & Jewellery sector under Chapter 4 of the Handbook of Procedures (HBP), 2023. (31.03.2026) Read More »

The Department blocked the assessee’s Input Tax Credit under Rule 86A of the CGST Rules, 2017, which resulted in a negative balance in the Electronic Credit Ledger { [2026] 184 taxmann.com 570 (Punjab & Haryana)}   Facts Assessee was registered under the Central Goods and Services Tax Act, 2017 and was availing Input Tax Credit …

Judicial Corner: The Department blocked the assessee’s Input Tax Credit under Rule 86A of the CGST Rules, 2017, which resulted in a negative balance in the Electronic Credit Ledger(01.04.2026) Read More »

Central Excise : The Ministry of Finance has issued a notification amending Notification No. 04/2019-Central Excise to restrict the applicability of exemption provisions in respect of goods cleared for export. It has been clarified that the exemption shall not apply to export goods, except in cases of exports by Public Sector Oil Companies to Nepal, …

Central Excise : The Ministry of Finance has issued a notification amending Notification No. 04/2019-Central Excise to restrict the applicability of exemption provisions in respect of goods cleared for export.(31.03.2026) Read More »

Central Excise The Ministry of Finance has issued a notification providing conditional exemption from additional duty of excise on specified petroleum products including motor spirit (petrol) and high-speed diesel. The effective rate has been prescribed as Nil for petrol and Rs. 3 per litre for diesel, applicable only in respect of goods cleared for export, …

Central Excise: The Ministry of Finance has issued a notification providing conditional exemption from additional duty of excise on specified petroleum products including motor spirit (petrol) and high-speed diesel.(31.03.2026) Read More »

Customs: The CBIC has issued a notification amending tariff values for specified imported goods including edible oils, brass scrap, gold and silver. The revised tariff values have been notified by substituting Tables 1, 2 and 3 under the existing framework, covering items such as crude and refined palm oil, soybean oil, precious metals and areca …

Customs: The CBIC has issued a notification amending tariff values for specified imported goods including edible oils, brass scrap, gold and silver (31.03.2026) Read More »

Customs The Ministry of Finance has issued a notification granting exemption from the whole of additional duty of customs (equivalent to Special Additional Excise Duty) on import of Aviation Turbine Fuel (ATF) falling under heading 2710. The exemption has been provided in public interest under Section 25(1) of the Customs Act, 1962 read with Section …

Customs : The Ministry of Finance has issued a notification granting exemption from the whole of additional duty of customs (equivalent to Special Additional Excise Duty) on import of Aviation Turbine Fuel (ATF) falling under heading 2710.(31.03.2025) Read More »

GST registration cancellation invalid as order passed under dictation without independent reasoning { Shashi Kumar Choudhury vs. Union of India [2026] 184 taxmann.com 572 (Gauhati)} Facts: Assessee’s GST registration was cancelled by the Proper Officer during the course of investigation. The order was passed based on directions/communication from the investigating authority and the show cause …

Judicial Corner: GST registration cancellation invalid as order passed under dictation without independent reasoning (31.03.2026) Read More »

Supreme Court held that mandatory GST appeal pre-deposit cannot be waived. {Simla Gomti Pan Products Pvt. Ltd. vs. Commissioner of State Tax U.P. & Ors.{Supreme Court, SLP (C) No. 5266/2026, Order dated 20-03-2026}   Facts Assessee challenged an assessment order passed under Section 74 of the GST Act. Instead of filing a statutory appeal, the …

Judicial Corner: Supreme Court held that mandatory GST appeal pre-deposit cannot be waived. {Simla Gomti Pan Products Pvt. Ltd. vs. Commissioner of State Tax U.P. & Ors.{Supreme Court, SLP (C) No. 5266/2026, Order dated 20-03-2026} (25.03.2026) Read More »

DGFT: The DGFT has issued Public Notice introducing amendments to the Standard Input Output Norms (SION) A‑2005. The changes modify the description of the export product and revise the permissible quantity of the import item “Ethylene Oxide” under Serial No. 2. The quantity of Ethylene Oxide allowed has been updated from 0.325 kg to 0.323 …

DGFT: DGFT: The DGFT has issued Public Notice introducing amendments to the Standard Input Output Norms (SION) A‑2005.(25.03.2026) Read More »

DGFT: DGFT has issued Public Notice, extending the validity of TRQ Authorisations for import of gold under India–UAE CEPA (CTH 7108) issued during FY 2025‑26. The validity, earlier ending on 31 March 2026, has now been automatically extended up to 30 June 2026 in view of prevailing geopolitical conditions affecting global trade and logistics. No …

DGFT:DGFT has issued Public Notice, extending the validity of TRQ Authorisations for import of gold under India–UAE CEPA (CTH 7108) issued during FY 2025‑26.(25.03.2026) Read More »

DGFT The Ministry of Commerce & Industry has issued Notification restoring the RoDTEP rates and value caps to the levels applicable on 22 February 2026. The restored rates will apply to all eligible export products from 23 March 2026 to 31 March 2026, replacing the earlier 50% restriction notified on 23 February 2026. This notification …

DGFT :The Ministry of Commerce & Industry has issued Notification restoring the RoDTEP rates and value caps to the levels applicable on 22 February 2026.(25.03.2026) Read More »

Customs CBIC has issued Circular introducing a new facility for ease of Customs duty payment through a Payment Aggregator on the ICEGATE e‑Payment platform. The new mode enables importers to pay Customs duty using credit cards, debit cards and UPI for the first time, in addition to accessing internet banking through 41 banks via the …

Customs : CBIC has issued Circular introducing a new facility for ease of Customs duty payment through a Payment Aggregator on the ICEGATE e‑Payment platform.(25.03.2026) Read More »

Order on delayed IGST refund interest set aside as reduction lacked reason officer to recompute strictly under sec. 56 { Jindal Drugs (P.) Ltd. vs. Union of India [2026] 184 taxmann.com 350 (Bombay)}   Facts Petitioner Jindal Drugs (P.) Ltd. filed a writ petition seeking refund of IGST along with interest for delay. The Section …

Judicial Corner:Order on delayed IGST refund interest set aside as reduction lacked reason officer to recompute strictly under sec. 56 (20.03.2026) Read More »

Seizure orders cannot survive once assessment quashed on limitation prohibition set aside { Goal Closures vs. State Tax Officer (Int)-1 [2026] 184 taxmann.com 226 (Madras)} Facts The assessee was subjected to search and seizure proceedings by the GST department. During the search, certain goods were seized and placed under Prohibition and Seizure Orders. Subsequently, the …

Judicial Corner: Seizure orders cannot survive once assessment quashed on limitation prohibition set aside (17.03.2026) Read More »

Re-blocking of ECL within one year in a Section 74 proceeding valid; writ dismissed for suppression { Creative Enterprises vs. State of Telangana [2026] 184 taxmann.com 183 (Telangana)}   Facts The GST department blocked the petitioner’s Electronic Credit Ledger under Rule 86A of the CGST Rules. After the expiry of one year, the department re-blocked …

Judicial Corner: Re-blocking of ECL within one year in a Section 74 proceeding valid; writ dismissed for suppression (16.03.2026) Read More »

Reassessment in name of amalgamating (non-existent) company invalid despite prior intimation of amalgamation to AO {Surya Medi Tech Ltd. vs. DCIT/ACIT [2026] 184 taxmann.com 93 (Delhi – Trib.)}   Facts:   A company had amalgamated with another company under a scheme of amalgamation. After amalgamation, the amalgamating company ceased to exist. The fact of amalgamation …

Judicial Corner: Reassessment in name of amalgamating (non-existent) company invalid despite prior intimation of amalgamation to AO (13.03.2026) Read More »

FOREIGN TRADE: DGFT, vide Public Notice dated March 06, 2026, has granted an automatic extension in the Export Obligation Period (EOP) for specified authorisations in view of prevailing geopolitical developments affecting global trade and logistics. Accordingly, under the Foreign Trade Policy 2023 and amendments to the Handbook of Procedures 2023 under the Foreign Trade Policy, …

FOREIGN TRADE: DGFT, vide Public Notice dated March 06, 2026, has granted an automatic extension in the Export Obligation Period (EOP) for specified authorisations in view of prevailing geopolitical developments affecting global trade and logistics.(12.03.2026) Read More »

Customs: CBIC vide Circular No. 10/2026-Customs dtd March 10, 2026, has clarified that no fee shall be levied for amendment or cancellation of export documents where such changes arise due to force majeure circumstances under Section 143AA of the Customs Act, 1962. The clarification has been issued in view of disruptions in international shipping routes …

Customs: CBIC vide Circular No. 10/2026-Customs dtd March 10, 2026, has clarified that no fee shall be levied for amendment or cancellation of export documents where such changes arise due to force majeure circumstances under Section 143AA of the Customs Act, 1962.(12.03.2026) Read More »