Daily Updates

DGFT: DGFT has improved the Pre-Shipment Inspection Agency (PSIA)/ Pre-Shipment Inspection Certificate (PSIC) process on its portal. PSIC must now be issued on the inspection date itself. Digital signatures and stamps will be auto-added, and photo/video upload limits have been increased to make the process easier and more transparent. (Trade Notice No. 22/2026-27-DGFT | Dated: …

DGFT:DGFT has improved the Pre-Shipment Inspection Agency (PSIA)/ Pre-Shipment Inspection Certificate (PSIC) process on its portal. PSIC must now be issued on the inspection date itself. Digital signatures and stamps will be auto-added, and photo/video upload limits have been increased to make the process easier and more transparent.(26.08.2026) Read More »

DGFT DGFT has introduced an automated facility for Export Obligation (EO) extension for Advance Authorisation and EPCG cases approved by the PRC/EPCG Committee. Once the Committee approves the extension, no separate EO-extension application is required; a er payment of the prescribed fee, the extension le er is generated automatically. (Trade Notice No. 21/2026-27-DGFT| Dated: 21.08.2026)

DGFT: DGFT has updated the Diamond Imprest Authorisation rules. The exemption from Compensation Cess has been removed from Para 4.63 because it was discontinued from 1 February 2026. Other duty exemptions, including Integrated Tax exemption, continue as before. (Notification No. 32/2026-27-DGFT | Dated: 21.08.2026)

DGFT: DGFT has made it easier to get One Star Export House status. Exporters, except those in Gems & Jewellery, now need to show export performance in any 2 out of the last 3 financial years instead of all 3 years. The change is effective immediately. (Notification No. 33/2026-27 | Dated: 21.08.2026)

DGFT DGFT has changed the export policy for wheat flour and related products (HS Code 11010000) from “Prohibited” to “Free” with immediate effect from 24 August 2026. This means these products can now be exported without the earlier prohibition. (Notification No. 34/2026-27-DGFT | Dated: 24.08.2026)

M. Motors & Anr. v. The Senior Joint Commissioner of Revenue, Berhampore Circle, WBGST & Ors. { 2026 (7) TMI 984}   Facts: The adjudicating authority digitally signed the GST demand order within the limitation period prescribed under Section 73 of the CGST Act. However, the order was communicated/served on the taxpayer after the expiry …

Judicial Corner: M. Motors & Anr. v. The Senior Joint Commissioner of Revenue, Berhampore Circle, WBGST & Ors. { 2026 (7) TMI 984} (26.08.2026) Read More »

Statutory canteen meal recoveries from workers not taxable as supply as activity mandated under Factories Act: AAR { Plantlipids (P.) Ltd., In re [2026] 189 taxmann.com 540 (AAR – KERALA} Facts Plantlipids Pvt. Ltd., a manufacturer with more than 590 workers, was statutorily required under Section 46 of the Factories Act, 1948 to maintain a …

Judicial Corner: Statutory canteen meal recoveries from workers not taxable as supply as activity mandated under Factories Act: AAR { Plantlipids (P.) Ltd., In re [2026] 189 taxmann.com 540 (AAR – KERALA}(21.08.2026) Read More »

Excise:  The Government has reduced Road and Infrastructure Cess (RIC) on diesel exports from ₹1.5 per litre to Nil, effective 15 August 2026. This means no RIC will be charged on high-speed diesel exported outside India from the effective date. (Notification No. 45/2026-Central Excise | Dated: 14 .08.2026)

Excise:  The Government has revised Special Additional Excise Duty (SAED) on ATF exports to ₹19.5 per litre from 15 August 2026. Earlier, the rate was ₹22 per litre. The revised rate will apply to Aviation Turbine Fuel (ATF) exported outside India from 15 August 2026. (Notification No. 44/2026-Central Excise | Dated: 14 .08.2026)

EXCISE The Government has removed Special Additional Excise Duty (SAED) on petrol exports from 15 August 2026. The SAED rate on petrol, which was earlier ₹3.5 per litre, is now Nil. The change applies only to petrol exports; diesel rates remain unchanged. (Notification No. 43/2026-Central Excise| Dated: 14 .08.2026)

DGFT: DGFT has changed the import rules for Clear Float Glass (4–12 mm) under HS Codes 70051090 and 70052990 from “Free” to “Restricted.” However, imports will remain “Free” where the CIF value is ₹234,000 or above per MT. This restriction will not apply to EOUs, SEZ units and Advance Authorisation holders, subject to certain conditions. …

DGFT: DGFT has changed the import rules for Clear Float Glass (4–12 mm) under HS Codes 70051090 and 70052990 from “Free” to “Restricted.” However, imports will remain “Free” where the CIF value is ₹234,000 or above per MT. This restriction will not apply to EOUs, SEZ units and Advance Authorisation holders, subject to certain conditions (19.08.2026) Read More »

Customs: CBIC has revised the Customs Tariff Values for items like palm oil, soybean oil, brass scrap, gold, silver and areca nuts through Notification No. 70/2026-Customs (N.T.). The revised values are effective from 15 August 2026. (Notification No. 70/2026-Customs (N.T.) | Dated: 14.08.2026)

Customs: Customs has introduced “Ekal Anubandh”, allowing importers and exporters to use one electronic bond and e-Bank Guarantee for multiple transactions across India. From 24 August 2026, manual Bonds and BGs will generally not be accepted. (Public Notice No. 116/2026-Customs | Date:12.08.2026)

Customs: From 12 August 2026, supplementary IGM/EGM filing has been permanently discontinued. Any changes in cargo or manifest details must now be made through mandatory Sea Cargo Manifest and Transshipment Regulation(SCMTR) amendment messages. Shipping lines, agents, customs brokers and other stakeholders must ensure SCMTR compliance. (Public Notices No : 118/2026-Customs | Dated: 11.08.2026)

DGFT: DGFT has invited comments on a Draft SOP for reporting export remittances received through NBFC Factors. The proposed process aims to simplify IRM reporting and eBRC generation. Stakeholders can submit their comments to DGFT within 30 days. (Trade Notice No. 20/2026-27-DGFT | Dated: 12.08.2026)

DGFT: DGFT has advised Indian businesses to be careful while dealing with two Bhutanese companies, Legoy Powersports and Druk A-Z Store. Businesses should check the companies properly before transactions and report any payment problems or disputes to DGFT. (Trade Notice No. 19/2026-27 | Dated: 11.08.2026)

DGFT DGFT has reviewed the wheat export quota. Exporters must submit a CA-certified utilization statement, Shipping Bill details, and any request for additional/surrender quantity by 31 August 2026. Unused quota may be reallocated if required documents are not submitted. (Trade Notice No. 18/2026-27-DGFT | Dated: 10.08.2026)

Refund order under Section 142(3) and the first appellate order passed by applying Section 11B of the Central Excise Act — appeal maintainable before CESTAT and not GSTAT Revenue’s appeal before GSTAT held not maintainable{ Asish Kumar Pati v. Kairav Chemofarbe Industries Ltd. [2026] 189 taxmann.com 220 (GSTAT – Thane)} Facts: The dispute concerned a …

Judicial Corner: Refund order under Section 142(3) and the first appellate order passed by applying Section 11B of the Central Excise Act — appeal maintainable before CESTAT and not GSTAT Revenue’s appeal before GSTAT held not maintainable{ Asish Kumar Pati v. Kairav Chemofarbe Industries Ltd. [2026] 189 taxmann.com 220 (GSTAT – Thane)} (14.08.2026) Read More »

Custom CBIC has revised the tariff values for specified imported goods, effective 11 August 2026. The tariff values for specified goods remain unchanged, including crude palm oil, RBD palm oil, crude palmolein, RBD palmolein, crude soybean oil and brass scrap. Gold remains at US$1,395 per 10 grams, silver at US$2,076 per kg, and areca nuts …

Custom : CBIC has revised the tariff values for specified imported goods, effective 11 August 2026. The tariff values for specified goods remain unchanged, including crude palm oil, RBD palm oil, crude palmolein, RBD palmolein, crude soybean oil and brass scrap.(14.08.2026) Read More »

Waiver application under sec. 128A valid for multi-State GST demand if same officer issued combined order: HC { Indian Bank vs. Assistant Commissioner CGST and Central Excise [2026] 189 taxmann.com 347 (Madras)} Facts: Indian Bank had GST demands relating to multiple States, and a common/combined adjudication order had been passed by the same officer. The …

Judicial Corner: Waiver application under sec. 128A valid for multi-State GST demand if same officer issued combined order: HC { Indian Bank vs. Assistant Commissioner CGST and Central Excise [2026] 189 taxmann.com 347 (Madras)} ( 13.08.2026) Read More »