Customs FSSAI has notified 172 authorised Points of Entry for food imports, adding ICD Dhanakya, Jaipur, with Customs officers authorised for clearance. (Instruction No. 16/2026-Customs dated 18.09.26)
Income Tax: The Income-tax (Fourth Amendment) Rules, 2026 revise Rules 160, 176 and 225, extend Forms 169/171 filing deadlines to 31 March 2027, and update registration forms. (Notification No. 120/2026 dated 17.09.26)
Same HSN for Input and Output Doesn’t Kill a GST Refund : An apparel maker’s inverted-duty refund survives Revenue’s objections on HSN classification and manufacturer status.
FEMA and Banking IFSCA Fund Management Regulations: Annual scheme reports can now be submitted within six months instead of four months, with PPM-based investor approvals and strengthened investor protection and regulatory governance measures. (Press release dated 16.09.26)
Customs: SAED rates on exports of petrol and diesel outside India are revised to ₹0.50 per litre and ₹20 per litre, respectively, effective from the date of publication in the Official Gazette. (Notification No. 49/2026-Central Excise dated 16.09.26)
Customs: SAED rate on exports of Aviation Turbine Fuel (ATF) outside India is amended to ₹15 per litre, effective from the date of publication in the Official Gazette. (Notification No. 50/2026-Central Excise dated 16.09.26)
Customs RIC rate on exports of diesel outside India is amended to Nil, effective from the date of publication in the Official Gazette. (Notification No. 51/2026-Central Excise dated 16.09.26)
ITC Mismatch Requires Invoice-wise Verification- Hearing Mandatory { N.R. Builders vs. Commissioner of Commercial Taxes [2026] 190 taxmann.com 7 (GSTAT – BENGALURU)} Facts: ITC was denied solely due to a GSTR-3B vs. GSTR-2A mismatch. The appellant claimed that some ITC related to FY 2017-18 invoices was validly availed in FY 2018-19 within the Section 16(4) …
Customs Customs tariff values revised for palm oils, palmolein, soybean oil, brass scrap, gold, silver and areca nuts, effective 16 September 2026; silver and areca nut values remain unchanged. (Notification No. 75/2026-CUSTOMS (N.T.) dated 15.09.26)
ITC Blocking Under Rule 86A Automatically Lapses After One Year { M/s Metal Trade Incorporation v. State Tax Officer 2026 LLBiz HC (Mad) 244 W.P. No.: 35866 of 2023} Facts: Petitioner’s ITC was blocked by the department under Rule 86A(1) of the CGST Rules. The restriction continued even after one year from the date of …
GSTAT: Detention upheld as e-way bill showed wrong vehicle with no proof of breakdown, indicating evasion intent{ Ferrous Infra Solutions vs. Commissioner SGST Uttar Pradesh [2026] 190 taxmann.com 324 (GSTAT – LUCKNOW)} Facts Appellant was transporting goods covered by an e-way bill. On interception, the vehicle number mentioned in the e-way bill was different from …
Income Tax: Format, procedure and guidelines prescribed for depositories to report capital gains arising from transfer of listed securities and mutual fund units under Section 508 of the Income-tax Act, 2025. (Notification 1 OF 2026 dated 14.09.26)
Customs: Anti-dumping duty on Calcined Gypsum Powder/Gypsum Plaster (HSN 2520) from Iran, Oman, Saudi Arabia and UAE is extended up to 16 March 2027. (Notification No. 22/2026-Customs (ADD) dated 14.09.26)
DGFT: DGFT is establishing a Central Processing Department (CPD), Delhi to implement a faceless, paperless and jurisdiction-free trade facilitation system, with operations targeted from October 2026. (OFFICE MEMORANDUM dated 14.09.26)
DGFT: Proposed amendment to Para 2.93 introduces comprehensive Non-Preferential Rules of Origin for exports and imports, including processing criteria, 35% value addition/CTH for imports, CoO procedures and importer self-declaration. (Trade Notice No.27 /2026-27 dated 14.09.26)
DGFT: TRQ holders can surrender unutilised raw sugar import quota up to 30 September 2026, subject to payment of 0.5% of CIF value of the surrendered quantity. (Public Notice No. 30/2026-2027 dated 14.09.26)
