Team Bizsol

DGFT: Imports of specific silver products under ITC HS Chapter 71 (including powder, grains, and unwrought forms)routed through nominated agencies (notified by the RBI or DGFT) and by qualified jewellers through the India International Bullion Exchange (IIBX) are now permitted only against a valid Import Authorisation issued directly by the DGFT. [Notification No. 19/2026-27 dated …

DGFT: Imports of specific silver products under ITC HS Chapter 71 (including powder, grains, and unwrought forms)routed through nominated agencies (notified by the RBI or DGFT) and by qualified jewellers through the India International Bullion Exchange (IIBX) are now permitted only against a valid Import Authorisation issued directly by the DGFT. (02.06.2026) Read More »

DGFT: The government has amended the Foreign Trade Policy (FTP) 2023 to clarify that the exemption from Quality Control Orders (QCOs) under the BIS Act, 2016 for imports by SEZ Units and Developers applies exclusively to physical exports. Any goods manufactured or processed from these imports that are removed, transferred, or cleared into the Domestic …

DGFT:The government has amended the Foreign Trade Policy (FTP) 2023 to clarify that the exemption from Quality Control Orders (QCOs) under the BIS Act, 2016 for imports by SEZ Units and Developers applies exclusively to physical exports (02.06.2026) Read More »

DGFT: Six new SIONs for export products under Chemical & Allied Product Group ‘A’ are being notified to enable Regional Authorities (RAs) to issue Advance Authorisations directly, eliminating the need for case-by-case referrals to the Norms Committee. [Public Notice No. 14/2026-27 dated 01.06.2026]

DGFT: Electronic filing and issuance of Preferential Certificates of Origin (CoO) under the India–Oman CEPA will be available through the Trade Connect ePlatform from 1 June 2026, enabling issuance of digitally signed e-CoOs with QR code verification. (Trade Notice No. 06/2026-2027 dated 30.05.26)

Customs: Tariff values for specified imported goods, including crude and refined palm oil, palmolein, crude soybean oil, brass scrap and silver, have been revised, while tariff values for gold and areca nuts remain unchanged. The revised values are effective from 30 May 2026. (Notification No. 49/2026-CUSTOMS (N.T.) dated 29.05.26)

Customs: A customs duty and AIDC exemption has been provided on imports of cotton (Heading 5201) into India. The exemption is effective from 1 June 2026 to 31 October 2026 (both days inclusive). (NotificationNo.19/2026-Customs dated 30.05.26)

Customs: Concessional customs duty rates, including specified Tariff Rate Quotas (TRQs), have been notified for eligible goods imported from the Sultanate of Oman, subject to prescribed origin criteria and compliance with applicable Rules of Origin requirements. (Notification No. 20/2026-Customs dated 31.05.26)

Company and SEBI Law The MCA has amended CSR Rules and Schedule VII permitting CSR spending through Zero Coupon Zero Principal Instruments issued by eligible NPOs on Social Stock Exchange, subject to prescribed utilisation and disclosure conditions. (NOTIFICATION NO. G.S.R. 415(E) dated 29.05.26)

DGFT  Specific Standard Input Output Norms (SIONs) for Chemical and Allied Products under Product Group ‘A’ have been revised with immediate effect for A1090, A1794, A1827, A3105, A3106 and A3107 covering caustic soda, gelatine, ossein and chlorinated paraffin products. (Public Notice No. 3/2026-27 dated 29.05.26)

GST West Bengal Tax Dept Reduces E-Way Bill Threshold for Intra-State Movement of Goods from ₹1,00,000 to ₹50,000 with Effect from 1st June 2026 . (Notification No. 02/2026-C.T./GST dated 24.05.26)

DGFT :  A dedicated online module for issuance of Certificates of Origin (CoO) for Agarwood exports has been launched on the Trade Connect Platform. Effective 25 May 2026, applications, verification, approvals, and CoO issuance will be processed through a paperless digital workflow. (Trade Notice No.05/2026-27 dated 22.05.26)

DGFT : Exporters allotted Pharma Grade Sugar quota have been asked to submit utilization certificates and additional quantity requirements within 10 days. Unutilized quota may be reallocated, while eligible authorizations may be considered for revalidation for six months. (Trade Notice No.04/2026-27 dated 22.05.26)

DGFT India has allocated a tariff-rate quota of 8,606 MTRV for export of raw cane sugar to the USA under the TRQ scheme for US FY 2026 (1 October 2025 to 30 September 2026). APEDA will administer quota allocation and oversee export monitoring. (Public Notice No. 12/2026-2027 dated 22.05.26)

Customs: Anti-dumping duty was imposed on imports of “Natural Mica Based Pearl Industrial Pigments (excluding cosmetic grade)” originating in or exported from China PR. The levy, originally applicable for five years, has now been extended up to 25 November 2026. (Notification No. 09/2026-Customs (ADD) dated 22.05.26)

Composite GST assessment order for multiple periods invalid separate orders required for each year { A Square Associates vs. Deputy Assistant Commissioner Sti [2026] 186 taxmann.com 204 (Andhra Pradesh)} Facts Petitioner challenged a GST assessment order passed by the department. The impugned order covered more than one financial year/tax period through a single consolidated assessment …

Judicial Corner: Composite GST assessment order for multiple periods invalid separate orders required for each year { A Square Associates vs. Deputy Assistant Commissioner Sti [2026] 186 taxmann.com 204 (Andhra Pradesh)} (22.05.2026) Read More »

Insolvency and Bankruptcy Code: Valuation provisions under the CIRP, Liquidation and Pre-Packaged Insolvency Resolution frameworks have been revised. The amendments allow a single set of valuers in specified MSME cases and modify the methodology for determining valuation under the pre-pack insolvency process. (NOTIFICATION F. NO. IBBI/2026-27/GN/REG141 dated 20.05.26)

GST: Rule 35 of the Health Security and National Security Cess Rules, 2026 has been amended to streamline cess fund administration by removing the quarterly transfer requirement and revising the framework for allocation, utilisation, and accounting of cess collections. (NOTIFICATION NO. 03/2026-HSNS CESS dated 20.05.26)

FEMA and Banking: The Debts Recovery Tribunals (Refund of Court Fees) Amendment Rules, 2026 now permit refund applications to be filed by the applicant alone or jointly with the defendant, easing procedural requirements. (NOTIFICATION NO. G.S.R 372(E) dated 20.05.26)