Customs: The Customs Tariff (Determination of Origin of Goods under the Free Trade Agreement between India and New Zealand) Rules, 2026 have been notified. [Notification No. 82/2026 -Customs (N.T.) dated 12.10.2026]
DGFT: The Minimum Import Price (MIP) condition on the import of Glufosinate and its salts falling under HS Codes 38089193, 38089199, 38089361, 38089391, 38089399, 38089912, 38089991 and 38089999 of Chapter 38 of Schedule I (Import Policy) of ITC (HS) 2022, imposed vide Notification No. 10/2026-27 dated 13.04.2026 stands extended till 12.04.2027. [Notification No. 43/2026-27 dated …
DGFT: The export policy of Prepared Culture Media under ITC(HS) Code 38210000 has been amended to enable issuance of Shipment Clearance Certificate and Health Certificate, wherever required or mandated by the importing country. [Notification No. 44/2026-27 dated 12.10.2026]
DGFT: A simplified procedure is being introduced for expedited issuance of import authorisations, based on self-declaration and trust, for import of silver items falling under the ITC(HS) 71069110, 71069120, 71069221 and 71069229 excluding silver dore. [Trade Notice No. 30/2026-27 dated 13.10.2026]
Vardhman Yarns and Threads Limited v. Commissioner of Commercial Taxes & Ors. {GSTAT, Appeal No. APL/221/BUR/2026, Order dated 30.09.2026} Facts: Appellant transferred sewing threads from its unit in Perundurai, Tamil Nadu, to its Bengaluru branch under valid tax invoices and a generated Part-A of the e-way bill. However, Part-B containing the vehicle number was not …
Income Tax: The CBDT has replaced Form No. 161 with a new form for seeking a waiver of penalty under section 440(2) of the Income-tax Act, 2025, as substituted by the Finance Act, 2026. The waiver requires payment of tax, interest and additional income-tax of 100% or 120% of the tax on under-reported income from …
DGFT: India’s export quota for sugar to the EU under TRQ for 2026-27 (October 2026 to September 2027) is set at 5,841 MT. [Public Notice No. 32/2026-27 dated 09.10.2026]
DGFT: Paragraph 4.49 of FTP 2023 on Special Notified Zones (SNZs) is amended to allow eligible foreign entities under Entry 13F of Schedule IV of the Income-tax Act, 2025, to perform permitted activities [Notification No. 42/2026-27 dated 09.10.2026]
Customs: Industrial and grid-scale battery systems (BESS) under HSN 8507 60 00 are officially clarified not to be “power banks,” making them eligible for the concessional BCD rate at 10%. [Circular No. 45/2026-Customs dated 09.10.2026]
GST: The GSTN press release highlights the 57th GST Council reforms from October 8, 2026, focusing on simplifying compliance, streamlining registrations and return filing, speeding up refunds, and improving Input Tax Credit (ITC) flow. [GSTN Advisory 09.10.2026]
Customs: Importing chemicals or insecticides for industrial or other non-farming uses now legally requires a special permit under Insecticide Third Amendment Rule, 2016 issued by the Department of Agriculture & Farmers Welfare. [Instruction No. 18/2026- Customs dated 01.10.2026]
Customs: Under the FEMA Regulations effective October 1, 2026, Customs Commissioners must ensure that authenticated Export Declaration Forms (EDFs) at non-EDI ports are forwarded to Authorised Dealers, preferably via official email. [Instruction No. 19/2026- Customs dated 05.10.2026]
Customs: Smartphone screen protectors must meet official safety standards (IS 19348:2025) and obtain compulsory registration starting April 1, 2027. [Instruction No. 20/2026- Customs dated 07.10.2026]
Customs: Dabhol Port has been authorised for unloading machinery and equipment, LNG and naphtha, and loading imported machinery for export for the Ratnagiri Gas and Power Private Limited Power Project, along with shipbuilding, ship repair, and import/export of vessels and rigs by Square Port Shipyard Private Limited. [Notification No. 81/2026 – Customs (N.T.) dated 07.10.2026]
Tax Classification Based on Form of Goods at the Time of Sale{ Additional Commissioner, Commercial Tax & Ors. v. Cadila Health Care Ltd. & Anr. Civil Appeal Nos. 9788–9789 of 2013 decided on October 5, 2026} Facts: Cadila sold GRD Powder and GRD Mix in powder/biscuit form, with instructions to mix them with milk or …
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 …
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 …
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]
