Team Bizsol

DGFT: Government has extended free import of Urad till 31 March 2027, allowing importers to import without any restriction or license requirement for one more year, which earlier permitted free imports only up to 31 March 2026. (Notification No. 71/2025-26 dated 31.03.2026)

DGFT: DGFT has provided a one-time relief to diamond exporters, where re-import deadlines falling between 1 March and 31 May 2026 are automatically extended by 30 days from the original expiry date. (Notification No. 73/2025-26 dated 31.03.2026)

DGFT: Government has extended the RoDTEP scheme till 30 September 2026 for all eligible exports, with same rates, caps, and conditions continuing without any change. (Notification No. 74/2025-26 dated 31.03.2026)

DGFT Government has extended free import of Tur (pigeon peas) till 31 March 2027, allowing importers to import without any restriction or license requirement for one more year. Earlier, imports were allowed freely only up to 31st March 2026. (Notification No. 72/2025-26 dated 31.03.2026)

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 »