Daily Updates

Customs:CBIC, vide Circular No. 08/2026-Customs dated February 28, 2026, has operationalised the extension of the facility of deferred payment of Customs import duty to “Eligible Manufacturer Importers” (EMI), pursuant to Notification No. 12/2026-Customs (N.T.) dated February 01, 2026. The facility shall be available from April 01, 2026 and will remain in force up to March 31, 2028. (03.03.2026)

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Customs: CBIC, vide Circular No. 08/2026-Customs dated February 28, 2026, has operationalised the extension of the facility of deferred payment of Customs import duty to “Eligible Manufacturer Importers” (EMI), pursuant to Notification No. 12/2026-Customs (N.T.) dated February 01, 2026. The facility shall be available from April 01, 2026 and will remain in force up to …

Customs:CBIC, vide Circular No. 08/2026-Customs dated February 28, 2026, has operationalised the extension of the facility of deferred payment of Customs import duty to “Eligible Manufacturer Importers” (EMI), pursuant to Notification No. 12/2026-Customs (N.T.) dated February 01, 2026. The facility shall be available from April 01, 2026 and will remain in force up to March 31, 2028. (03.03.2026) Read More »

Maharashtra Profession Tax: The Government of Maharashtra, vide Notification dated February 28, 2026, has amended the Maharashtra State Tax on Professions, Trades, Callings and Employments Rules, 1975. Exercising powers under Section 27 of the Act, the amendment advances certain statutory due dates prescribed under the Rules. (03.03.2026)

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The Government of Maharashtra, vide Notification dated February 28, 2026, has amended the Maharashtra State Tax on Professions, Trades, Callings and Employments Rules, 1975. Exercising powers under Section 27 of the Act, the amendment advances certain statutory due dates prescribed under the Rules. Under Rule 11(3), the due date of “31st March” has been substituted …

Maharashtra Profession Tax: The Government of Maharashtra, vide Notification dated February 28, 2026, has amended the Maharashtra State Tax on Professions, Trades, Callings and Employments Rules, 1975. Exercising powers under Section 27 of the Act, the amendment advances certain statutory due dates prescribed under the Rules. (03.03.2026) Read More »

Judicial Corner:Refund can’t be denied for portal upload limits shipping bill size issue won’t defeat substantive compliance (02.03.2026)

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Refund can’t be denied for portal upload limits shipping bill size issue won’t defeat substantive compliance {Jyoti Agro vs. Deputy Commissioner of State Tax [2026] 182 taxmann.com 630 (Gujarat HC)} Facts of the Case The petitioner Jyoti Agro filed a GST refund claim related to export of goods. As per Circular No. 125/44/2019-GST, shipping bills …

Judicial Corner:Refund can’t be denied for portal upload limits shipping bill size issue won’t defeat substantive compliance (02.03.2026) Read More »

Judicial Corner: ITC claim within sec. 16(5) period cannot be denied as time-barred under sec. 16(4) impugned orders quashed { Malligai Agencies vs. Assistant Commissioner of GST and Central Excise [2026] 183 taxmann.com 607 (26.02.2026)

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ITC claim within sec. 16(5) period cannot be denied as time-barred under sec. 16(4) impugned orders quashed { Malligai Agencies vs. Assistant Commissioner of GST and Central Excise [2026] 183 taxmann.com 607 (Madras High Court)} Facts The petitioner claimed Input Tax Credit within the extended time limit prescribed under Section 16(5) of the CGST Act. …

Judicial Corner: ITC claim within sec. 16(5) period cannot be denied as time-barred under sec. 16(4) impugned orders quashed { Malligai Agencies vs. Assistant Commissioner of GST and Central Excise [2026] 183 taxmann.com 607 (26.02.2026) Read More »

DGFT: Modalities for eligibility, receipt and processing of applications for issuance of authorizations for export of additional quantity of 5LMT of wheat flour and related products falling under HS Code 1101 has been notified (25.02.2026)

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DGFT: Modalities for eligibility, receipt and processing of applications for issuance of authorizations for export of additional quantity of 5LMT of wheat flour and related products falling under HS Code 1101 has been notified [Public Notice No. 48 /2025-26 dated 24.02.2026]

DGFT: Export of an additional 5 Lakh Metric Tonnes (LMT) of wheat flour and related products (HS Code 1101) has been permitted. This quota is in addition to the quantity previously allowed in January 2026, though the general export policy for these items remains “Prohibited.”(25.02.2026)

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DGFT: Export of an additional 5 Lakh Metric Tonnes (LMT) of wheat flour and related products (HS Code 1101) has been permitted. This quota is in addition to the quantity previously allowed in January 2026, though the general export policy for these items remains “Prohibited.” [DGFT Notification No. 61/2025-2026 dated 24.02.2026]

DGFT: Export of 25 Lakh Metric Tonnes (LMT) of Wheat has been allowed under a specific quota, even though the general export policy remains “Prohibited.” Additional exports may be permitted beyond this limit to support the food security needs of other countries upon their government’s request.(25.02.2026)

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DGFT: Export of 25 Lakh Metric Tonnes (LMT) of Wheat has been allowed under a specific quota, even though the general export policy remains “Prohibited.” Additional exports may be permitted beyond this limit to support the food security needs of other countries upon their government’s request. [DGFT Notification No. 62/2025-2026 dated 24.02.2026]

DGFT: Corrigendum to the rationalisation of RoDTEP rates has been issued to clarify that the 50% reduction in rates and value caps shall not apply to export products falling under ITC HS Chapters 01 to 24. (25.02.2026)

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DGFT: Corrigendum to the rationalisation of RoDTEP rates has been issued to clarify that the 50% reduction in rates and value caps shall not apply to export products falling under ITC HS Chapters 01 to 24. [Corrigendum to DGFT Notification No. 60/2025-2026 dated 24.02.2026]

Judicial Corner: Service of SCN only through the GST portal, without exhausting other modes, is invalid and vitiates the assessment due to violation of natural justice. (24.02.2026)

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Service of SCN only through the GST portal, without exhausting other modes, is invalid and vitiates the assessment due to violation of natural justice. { V.S.Muruganandam vs. Deputy State Tax Officer -II [2026] 183 taxmann.com 558 (Madras)} Facts The tax department issued a SCN and subsequently passed an assessment order against the assessee. Both the …

Judicial Corner: Service of SCN only through the GST portal, without exhausting other modes, is invalid and vitiates the assessment due to violation of natural justice. (24.02.2026) Read More »

GST: Facility for withdrawal from the option availed under Rule 14A has been enabled via Form GST REG-32 to allow eligible active taxpayers to opt out, subject to Aadhaar authentication and minimum return filing compliance. (23.02.2026)

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GST Facility for withdrawal from the option availed under Rule 14A has been enabled via Form GST REG-32 to allow eligible active taxpayers to opt out, subject to Aadhaar authentication and minimum return filing compliance. [GSTN Advisory dated 21.02.2026]

DGFT: Guidelines for Facilitating Logistics Interventions for Freight and Transport (LIFT) under EPM are introduced to provide a framework for targeted interventions to reduce freight costs and improve transport efficiency. (20.02.2026)

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DGFT: Guidelines for Facilitating Logistics Interventions for Freight and Transport (LIFT) under EPM are introduced to provide a framework for targeted interventions to reduce freight costs and improve transport efficiency. [DGFT Trade Notice 29/2025-26 dated 20.02.2026]

DGFT : Guidelines for Facilitating Logistics, Overseas Warehousing and Fulfilment (FLOW) under EPM are introduced focus on optimizing international supply chains and establishing robust overseas storage capabilities. (20.02.2026)

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DGFT :  Guidelines for Facilitating Logistics, Overseas Warehousing and Fulfilment (FLOW) under EPM are introduced  focus on optimizing international supply chains and establishing robust overseas storage capabilities. [DGFT Trade Notice 28/2025-26 dated 20.02.2026]

DGFT : Guidelines for Integrated Support for Trade Intelligence and Facilitation (INSIGHT) under EPM are introduced to provide exporters with data-driven market intelligence and simplified trade facilitation services. (20.02.2026)

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DGFT: Guidelines for Integrated Support for Trade Intelligence and Facilitation (INSIGHT) under EPM are introduced to provide exporters with data-driven market intelligence and simplified trade facilitation services. [DGFT Trade Notice 27/2025-26 dated 20.02.2026]

DGFT : Guidelines for Support for Alternative Trade Instruments under Export Promotion Mission (EPM) have been issued to provide structured frameworks for non-traditional trade mechanisms and promotional support. (20.02.2026)

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DGFT Guidelines for Support for Alternative Trade Instruments under Export Promotion Mission (EPM) have been issued to provide structured frameworks for non-traditional trade mechanisms and promotional support. [DGFT Trade Notice 25/2025-2026 dated 20.02.2026]

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