Daily Updates

E-way bill expired due to vehicle breakdown no intent to evade tax penalty under Section 129 unjustified and liable to be set aside. { Balkrishna Industries Limited vs. Union of India & Ors. R/Tax Appeal No. 1903 of 2026 2026 LLBiz HC (GUJ) 24} Facts The goods of the petitioner were intercepted during transit because …

Judicial Corner:E-way bill expired due to vehicle breakdown no intent to evade tax penalty under Section 129 unjustified and liable to be set aside. { Balkrishna Industries Limited vs. Union of India & Ors. R/Tax Appeal No. 1903 of 2026 2026 LLBiz HC (GUJ) 24} (15.04.2026) Read More »

DGFT: The Directorate General of Foreign Trade extended the Minimum Export Price (MEP) of USD 1400 per metric ton on natural honey exports. The export remains “Free” but subject to this MEP, now extended till 31 December 2026 without any change in rate. (Notification No. 09/2026-27 – DGFT | Dated: 10.04.2026)

DGFT The Directorate General of Foreign Trade revised the import policy for Glufosinate and its salts. Imports remain “Free,” but if the CIF value plus anti-dumping duty is below ₹1,154 per kg, they become “Restricted.” This rule applies for six months and requires additional compliance. (Notification No. 10/2026-27 – DGFT | Dated: 13.04.2026)

GST The Goods and Services Tax Network has allowed editing of the pre-deposit percentage while filing appeals in APL-01 from 6 April 2026. Earlier fixed at 10%, taxpayers can now adjust it as per their case. However, the authority will verify the correctness during appeal processing. (Press Releases No. 656, dated 10.04.2026)

Customs: The Central Board of Indirect Taxes and Customs clarified that RoDTEP and RoSCTL benefits are allowed on full FOB value if deductions are within 12.5%. Excess deductions reduce FOB value. ECGC compensation is treated as realisation, so benefits are not recovered if conditions are satisfied. (Circular No. 20/2026-Customs | Dated: 10.04.2026)

CUSTOM The Central Board of Indirect Taxes and Customs simplified procedures for handling SEZ export cargo affected by disruption at the Strait of Hormuz. Exporters can cancel LEO/Shipping Bill, and cargo can be returned or re-routed from gateway ports without sending it back to SEZ. The process is quick, mostly electronic, and valid till 30 …

Custom: The Central Board of Indirect Taxes and Customs simplified procedures for handling SEZ export cargo affected by disruption at the Strait of Hormuz. (15.04.2026) Read More »

Tax paid pre-SCN no intent to evade tax proceedings invoking section 74 improper and denial of relief unsustainable { Apollo Tyres Ltd. vs. Union of India [2026] 185 taxmann.com 106 (Madras)} Facts  Assessee supplied tyres, tubes and flaps together, which created confusion regarding the correct GST treatment due to different applicable tax rates. During investigation, …

Judicial Corner: Tax paid pre-SCN no intent to evade tax proceedings invoking section 74 improper and denial of relief unsustainable (13.04.2026) Read More »

DGFT The Directorate General of Foreign Trade (DGFT) has amended the description of HS Code 73181500 under the RoDTEP schedule from a specific use (mobile phone screws) to a broader category covering all screws and bolts, aligning with Customs Tariff. The change is effective from 15 December 2022, ensuring clarity and consistency in export benefits. …

DGFT : The Directorate General of Foreign Trade (DGFT) has amended the description of HS Code 73181500 under the RoDTEP schedule from a specific use (mobile phone screws) to a broader category covering all screws and bolts, aligning with Customs Tariff. The change is effective from 15 December 2022, ensuring clarity and consistency in export benefits.(10.04.2026) Read More »

CUSTOM The Government has amended the anti-dumping notification to replace the producer’s name from Bystronic (Shenzhen) Laser Technology Co., Ltd to DNE LASER (Guangdong) Co., Ltd., based on the recommendation of the Directorate General of Trade Remedies. As there is no change in ownership or structure, the amendment is only for name correction and does …

CUSTOM : The Government has amended the anti-dumping notification to replace the producer’s name from Bystronic (Shenzhen) Laser Technology Co., Ltd to DNE LASER (Guangdong) Co., Ltd., based on the recommendation of the Directorate General of Trade Remedies.(10.04.2026) Read More »

DGFT The Directorate General of Foreign Trade amended FTP Para 2.62 mandating that Certificates of Origin (CoO) be issued only by authorized agencies, with matching invoice numbers in CoO and Shipping Bills. The self-certification scheme remains optional for eligible Status Holder manufacturers and will apply only when notified under specific trade agreements. (Notification No. 05/2026-27 …

DGFT : The Directorate General of Foreign Trade amended FTP Para 2.62 mandating that Certificates of Origin (CoO) be issued only by authorized agencies, with matching invoice numbers in CoO and Shipping Bills. The self-certification scheme remains optional for eligible Status Holder manufacturers and will apply only when notified under specific trade agreements.(08.04.2026) Read More »

DGFT DGFT has revised the export policy for wood pellets and briquettes from 6 April 2026, placing both items under the “Restricted” category. Exports are now allowed only with government authorization. Earlier, wood pellets were prohibited and briquettes were freely exportable, but now stricter control has been introduced to ensure better regulation. (Notification No. 04/2026-27-DGFT, …

DGFT: DGFT has revised the export policy for wood pellets and briquettes from 6 April 2026, placing both items under the “Restricted” category. (07.04.2026) Read More »

CUSTOM The Central Board of Indirect Taxes and Customs (CBIC) has notified Panoli in Bharuch (Gujarat) as a new customs area. This allows the location to handle the unloading of imported goods and the loading of export goods. The amendment aims to improve trade infrastructure, enhance logistics efficiency, and promote ease of doing business in …

CUSTOM: The Central Board of Indirect Taxes and Customs (CBIC) has notified Panoli in Bharuch (Gujarat) as a new customs area.(07.04.2026) Read More »

GST The Goods and Services Tax Network has clarified that taxpayers who make payments at the SCN stage without accepting liability, they can still file appeals. If adjudication orders wrongly show “NIL” demand, the GST portal blocks appeals. Taxpayers should seek a rectification order to reflect the correct demand, after which appeals can be filed …

GST: The Goods and Services Tax Network has clarified that taxpayers who make payments at the SCN stage without accepting liability, they can still file appeals. (06.04.2026) Read More »

CUSTOM The Central Board of Indirect Taxes and Customs has updated tariff values for certain imported goods like gold, silver, edible oils, brass scrap, and areca nuts through Notification. However, most values remain unchanged, such as gold at USD 1526 per 10 grams and silver at USD 2427 per kg. These values are used to …

CUSTOM: The Central Board of Indirect Taxes and Customs has updated tariff values for certain imported goods like gold, silver, edible oils, brass scrap, and areca nuts through Notification.(06.04.2026) Read More »

DGFT: The Government has revised the import policy for jewellery items under CTH 7113 from “Free” to “Restricted” with immediate effect. Import license is now required, even for prior contracts. However, exemptions are allowed for SEZs, EOUs, export schemes, and certain imports under the India-UAE CEPA quota system. (Notification No. 02/2026-27 – DGFT | Dated: …

DGFT: The Government has revised the import policy for jewellery items under CTH 7113 from “Free” to “Restricted” with immediate effect. Import license is now required, even for prior contracts. (03.04.2026) Read More »

DGFT The Government has allowed export of essential commodities like eggs, rice, sugar, onions, and sand to Maldives for FY 2026–27 under a trade agreement. These exports are exempt from restrictions, subject to quantity limits and conditions like health certificates and environmental approvals. (Notification No. 01/2026-27-DGFT | Dated: 01.04.2026)

Customs: CBIC has clarified that Bills of Entry for goods cleared from SEZ to DTA under concessional duty will be processed through faceless assessment and routed via RMS. SEZ officers will handle post-assessment clearance. Existing rules remain unchanged, and ICEGATE Helpdesk will address grievances for smooth and efficient processing. (Circular No. 18/2026-Customs dated 01.04.2026)

Customs: The Ministry of Finance has removed AIDC (Agriculture Infrastructure and Development Cess) on import of ammonium nitrate. This means no AIDC will be charged on its import from 2 April 2026 to 30 June 2026, to reduce costs and support related industries. (Notification No. 13/2026–Customs dated 01.04.2026)

Customs: The Ministry of Finance has granted a temporary exemption from Basic Customs Duty (BCD) on the import of 40 specified chemicals, petrochemicals, and polymer products. This exemption is effective from 2 April 2026 to 30 June 2026 to reduce costs and support industry. (Notification No. 12/2026-Customs dated 01.04.2026)

INCOME TAX CBDT has made DIN mandatory for all income-tax communications like notices and orders; exceptions allowed in specific cases with approval, improving transparency, tracking, and accountability in tax administration system. (Circular No. 4/2026-Income Tax, dated 31.03.2026)