Central Excise: The excise duty rate has been revised to ₹19 per litre, effective from publication date. (Notification No. 47/2026-Central Excise dated 01.09.26)
Central Excise: The excise duty rate has been revised to ₹1.5 per litre, effective from publication date. (Notification No. 46/2026-Central Excise dated 01.09.26)
DGFT: The timeline for one-time conversion of eligible Advance Authorisations under SION E-52 to TRQ for import of Raw Sugar has been extended. Applications can be submitted up to 7 September 2026. (Public Notice No. 29 /2026-27 dated 03.09.26)
Customs: Before granting Out-of-Charge in case of PGA facilitated Bills of Entry, Customs officers must verify prescribed documents for imports of cosmetics, drugs, medical devices and related raw materials/components. (Circular No.40/2026-Customs dated 03.09.26)
Customs The EMI Scheme application process has been simplified by reducing documentation and information requirements. Eligible importers can apply under the revised process from 15 September 2026. (Circular No.39/2026-Customs dated 03.09.26)
The floods that ravaged Nepal in August 2026 were more than a natural disaster – they were a preventable tragedy, a stark indictment of how fragile progress becomes when warnings are ignored and resilience is neglected. A glacier collapse on Langtang Lirung unleashed torrents that swept away entire communities, leaving over a thousand dead and …
Introduction: The Supreme Court delivered an important judgment recently making a clear deviation from judicial convention in the process. This judgment was in the realm of labour laws, but the principle applied by judges here would affect scope of judgments of the apex court could get affected overall. The message emanating from the judgment goes …
The Government of Maharashtra has issued the Operational Guidelines for implementation of the Maharashtra Global Capability Centre (GCC) Policy, 2025 vide Government Resolution No. GCC-2025 /C.R.320 /Industries-2-Department Industries, Investment, Services & Mining Department, Government of Maharashtra Dated 19 August 2026 The Guidelines have been issued pursuant to the Maharashtra GCC Policy, 2025, notified vide Government …
Introduction In the course of handling GST refund matters, a recurring issue that continues to arise is the computation of “Adjusted Total Turnover” under Rule 89(4) of the CGST Rules, 2017. Recently, a notice was received from the GST department seeking clarification on the value adopted in the computation of adjusted total turnover in a refund application filed …
Refund cannot be withheld without specific order under Section 54(11) Commissioner must issue SCN and pass a reasoned order { KPIL-JWIL Joint Venture v. State of Bihar, [2026] 189 taxmann.com 1002 (Patna)} Facts The petitioner, a works contractor, claimed a refund of the excess balance lying in its electronic cash ledger for FY 2022–23. The …
Company and SEBI: The MCA has extended the Companies Compliance Facilitation Scheme, 2026 (CCFS-2026) until 15 September 2026. All other terms and conditions remain unchanged. (General Circular No. 04/2026 dated 01.09.26)
DGFT: Fresh applications are invited for the remaining 2,02,550 MT of raw sugar TRQ, with daily processing and pro-rata allocation if applications exceed the available quota. (Public Notice No. 28/2026-27 dated 01.09.26)
Customs: The deadline for compliance under the Sea Cargo Manifest and Transshipment Regulations, 2018 amended and extends, by replacing the existing date with 31 October 2026. (Notification No.73/2026-Customs (N.T.) dated 01.09.26)
Customs: A common Customs officer at JNCH, Nhava Sheva, has been appointed to adjudicate the specified SCN issued to M/s Akwel Automotive Pune India Pvt Ltd. (Notification No.74/2026-Customs (N.T.) dated 01.09.26)
Composite GST Assessment for Multiple Tax Periods Held Invalid {Vishwa Vinayaka Build Tech vs. State of Andhra Pradesh [2026] 189 taxmann.com 921 (Andhra Pradesh)} Facts: Assessee, a GST-registered trader dealing in granite blocks, was issued a single composite assessment order covering three different tax periods 2020-21, April 2021–March 2022 and April 2022–March 2023. The order …
Customs: The Customs tariff have been revised with effect from 1 September 2026 for crude and refined palm oil, palmolein, crude soybean oil, brass scrap and gold. There is no change in the tariff applicable to silver and areca nuts. (Notification No. 72/2026-CUSTOMS (N.T.) Dated: 31 .08.2026)
DGFT: Automated issuance of Free Sale and Commerce Certificates has been introduced, enabling faster, paperless processing, while applications requiring verification may continue under manual processing. (Trade Notice No. 24/2026-2027 Dated: 31.08.2026)
Head-wise ITC Mismatch Does Not Amount to Excess ITC Where Total Credit Remains Within Eligible Limit { Lucknow Test House v. Shashi Bhushan Singh [2026] 189 taxmann.com 977 (GSTAT – Lucknow)} Facts: The assessee had availed ITC, but there was a head-wise mismatch in the allocation of ITC under IGST, CGST and SGST. The department …
CUSTOMS CBIC has clarified that when raw sugar imported under Advance Authorisation(AA) is converted to Tariff Rate Quota (TRQ), the importer has to pay IGST through the Customs system. Interest will be waived, and the importer can claim eligible ITC as per GST rules. (Circular No. 37/2026-Custom | Dated: 27 .08.2026)
DGFT: DGFT has improved its Bank Guarantee (BG) Repository on the DGFT portal. Now, exporters will get automatic alerts before BG expiry, can track BG status online, and receive digital renewal/replacement notices. This will make BG management easier and reduce paperwork. (Trade Notice No. 23/2026-2027-DGFT | Dated: 28.08.2026)
