Customs: Customs duty on specified crude and refined edible oils is reduced from 24 September 2026, covering soybean, palm and sunflower oils, with rates falling up to Nil. (Notification No. 31/2026-Customs dated 23.09.26)
Legal Chamber : Reversal of Earlier-Period ITC Cannot Be Deducted While Computing “Net ITC” for Refund Under Rule 89(4)
Income Tax From 1 October 2026, Form No. 141 is amended to enable resident individuals/HUFs purchasing immovable property from non-residents to report and deposit TDS under Section 393(2), with new Schedule E. (Notification No. 121/2026 dated 22.09.26)
Customs Anti-dumping duty on Decor Paper originating in or exported from China is extended up to 26 March 2027, unless amended or revoked earlier. (Notification No. 23/2026-Customs (ADD) dated 22.09.26)
Legal Chamber : Job Work Returns: Value of Principal’s Goods Not Includable in E-Way Bill.
Legal Chamber: FAILS TO PAY” IS NOT “DELAYED PAYMENT
FEMA and Banking IRDAI has delegated powers to impose penalties and issue directions under specified provisions of the Insurance Act, regulations and guidelines, covering insurers, corporate agents and insurance repositories. (Notification F. NO IRDAI/DOP/13/227/2026 dated 21.09.26)
Customs Customs has clarified that SCNs under Section 28AAA should generally be adjudicated after scrip cancellation, but Customs must first decide shipping-bill misdeclaration and DGFT handles policy-related eligibility issues. (Instruction No. 17/2026-Cus dated 21.09.26)
FEMA & Marketing: The IFSC Authority has specified UAE, Singapore, Australia and the EU as eligible jurisdictions under Regulation 32, subject to FATF and Government risk criteria. (Circular No. EF.NO. IFSCA-PLNP/45/2026-CAPITAL MARKETS dated 19.09.26)
FEMA and Banking RBI has extended the KYC document verification facility to FPIs, allowing banks to accept certified documents from specified overseas officials, Notaries, Courts or Indian Embassies/Consulates. (Notification No. RBI/2026-27/258 DOR.AML.REC.224/14.01.007/2026-27 dated 19.09.26)
GST GST users with new DSC tokens issued from 21 September 2026 must upgrade to emSigner version 3.3, while existing valid tokens can continue using the current version if working properly. (Advisory dated 19.09.26)
Legal Chamber : One ITC Claim, Three Tax Notices: Delhi HC Draws the Line on Parallel GST Proceedings
Supreme Court Unmasks AI-Hallucinated Precedents in a ₹425 Crore Case
Department Cannot Maintain Appeal Below Monetary Limit Without Recording Reasons for Invoking Residual Power { Raghvendra Vikram Singh vs. Technomat Composheet (P.) Ltd. [2026] 190 taxmann.com 595 (GSTAT – GHAZIABAD)} Facts The dispute pertained to a penalty imposed for an alleged e-way bill violation under the GST law. The adjudicating authority passed an order …
Delayed Payment Cannot Be Equated with Failure to Pay{ M/s. Saudi Arabian Airlines v. Union of India & Ors 2026 INSC 933} Facts: Appellant, Saudi Arabian Airlines, was liable to pay Foreign Travel Tax. On certain occasions, the tax was paid after the prescribed period, resulting in a delay in payment. The authorities treated such …
DGFT: PSIC issuance timeline is reduced to 2 days from inspection, with a one-time 7-day relaxation for backlog certificates relating to pre-25 August inspections. (Trade Notice No. 28/2026-27 dated 16.09.26)
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)
