Daily Updates

Mechanical ITC Reversal for Supplier Default  Section 16(2)(c) {Shaurya Alloys Pvt. Ltd. & Ors. v. State of Punjab & Another & connected matters CWP-34296-2024 (O&M) 2026 LLBiz HC(P&H) 58} Facts: A batch of 424 writ petitions was filed by purchasing dealers whose ITC was denied/reversed because their suppliers had failed to deposit GST, filed nil/short …

Judicial Corner : Mechanical ITC Reversal for Supplier Default  Section 16(2)(c) {Shaurya Alloys Pvt. Ltd. & Ors. v. State of Punjab & Another & connected matters CWP-34296-2024 (O&M) 2026 LLBiz HC(P&H) 58} (03.10.2026) Read More »

DGFT The Export Promotion Mission has revised and unified the composition of the Sub-Committee on Trade Finance across all Niryat Protsahan interventions, superseding previous notifications. [Trade Notice No. 29/2026-27 dated 01.10.2026]

Refund of ITC under Inverted Duty Structure Allowed Despite Same HSN{ Commissioner of CGST & Central Excise vs. HP Cotton Casuals (P.) Ltd. [2026] 190 taxmann.com 451 (GSTAT – KOLKATA)/[2026] 117 GST 632 (GSTAT – KOLKATA)} Facts: Assessee claimed refund of unutilised ITC accumulated due to an inverted duty structure, where the tax rate on …

Judicial Corner: Refund of ITC under Inverted Duty Structure Allowed Despite Same HSN{ Commissioner of CGST & Central Excise vs. HP Cotton Casuals (P.) Ltd. [2026] 190 taxmann.com 451 (GSTAT – KOLKATA)/[2026] 117 GST 632 (GSTAT – KOLKATA)} (02.10.2026) Read More »

Income Tax: Joint Commissioners (Appeals) and Additional Commissioners (Appeals) are now subordinate to the Principal Chief Commissioners or Chief Commissioners of Income-tax within their jurisdiction [Notification No. 133/2026 dated 30.09.2026]

Central Excise: Special Additional Excise Duty on Aviation Turbine Fuel revised to Rs. 18.5 per litre starting October 1, 2026. [Notification No. 52/2026-Central Excise dated 30.09.2026]

Cetral Excise: Excise duty on Aviation Turbine Fuel revised to Rs. 10.5 per litre starting October 1, 2026. [Notification No. 53/2026-Central Excise dated 30.09.2026]

Customs: Updated tariff values for Edible oils, gold, silver, and areca nuts have been notified. Changes apply from 1st October 2026. [Notification No. 80/2026-CUSTOMS (N.T.) dated 30.09.2026]

DGFT: The RoDTEP Scheme is extended and shall apply to eligible exports from DTA, AA, SEZ, and EOU units up to 31st December 2026. [Notification No. 41/2026-27 dated 30.09.2026]

DGFT: Minimum Import Price (MIP) of Rs. 1,774 per Kg on Sulfadiazine API (Chapter 29) extended up to November 30, 2026. [Notification No. 40/2026-27 dated 30.09.2026]

DGFT: Minimum Import Price (MIP) of USD 111 per Kg on ATS-8 under Chapter 29 extended up to November 30, 2026 [Notification No. 39/2026-27 dated 30.09.2026]

DGFT: Minimum Import Price (MIP) of INR 67,220 per MT on Virgin Multi-layer Paper Board (VPB) under Chapter 48 extended for six months up to March 31, 2027. [Notification No. 38/2026-27 dated 30.09.2026]

DGFT: The eligibility timelines under Component II of the EPM RELIEF intervention are extended up to 31st March 2027 to support Indian exporters and mitigate logistics challenges arising out of the continuing West Asia Crisis. [Notification No. 37/2026-27 dated 30.09.2026]

DGFT The deadline for raw sugar importers to return unused import quotas has been extended to October 15, 2026, subject to a 0.5% fee [Public Notice No. 31. /2026-27 dated 30.09.2026]

Customs: Special Notified Zone is approved at Surat Diamond Bourse, Khajod, allowing eligible foreign mining companies to import rough diamonds for viewing/sale and re-export unsold lots. (Circular No. 44/2026-Customs dated 28.09.26)

Income Tax: ITR filing deadline for audited taxpayers is extended to 21 November 2026, while the audit report deadline is extended to 21 October 2026. (Press Release dated 28.09.26)

Additional grounds cannot be introduced before the Tribunal merely on allegations or concerns without supporting evidence or exceptional circumstances.{ Anil Kumar Singh v. M/s Agarwala’s Bitumex Private Limited APL Nos. 14/KLK/2026 & 10/KLK/2026} Facts The Revenue sought to raise additional grounds for the first time before the GSTAT, mainly concerning the ITC availed by the …

Judicial Corner: Additional grounds cannot be introduced before the Tribunal merely on allegations or concerns without supporting evidence or exceptional circumstances.{ Anil Kumar Singh v. M/s Agarwala’s Bitumex Private Limited APL Nos. 14/KLK/2026 & 10/KLK/2026} (28.09.2026) Read More »

Customs: CVD is imposed on Calcium Carbonate Filler Masterbatch (HSN 3824 99 00) from Vietnam at producer-specific rates up to USD 69.19/MT, for five years. (NOTIFICATION No. 4/2026-Customs (CVD dated 23.09.26)

Customs: Common adjudicating authority is appointed for SCN issued to Tirupati Udyog Limited, Kotur, with the case assigned to the Principal Commissioner/Commissioner of Customs, Hyderabad. (NOTIFICATION No. 78/2026 – Customs (N.T.) dated 23.09.26)

Customs: Common adjudicating authority is appointed for SCNs issued to Meenakshi Trading Corporation and others, with the cases assigned to the Principal Commissioner/Commissioner of Customs (Import-I), Mumbai Customs Zone-I, New Custom House, Ballard Estate, Mumbai. (NOTIFICATION No. 77/2026 – Customs (N.T.) dated 23.09.26)

Customs: Campbell Bay and Car Nicobar in the Andaman & Nicobar Islands are newly designated for unloading imported goods and loading export goods, effective from the date of notification. (NOTIFICATION No. 76/2026 – Customs (N.T.) dated 23.09.26)