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 …
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. …
DGFT: Modalities for eligibility, receipt and processing of applications for issuance of authorizations for export of wheat of 25 LMT has been notified [Public Notice No. 49 /2025-26 dated 24.02.2026]
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.” [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. [DGFT Notification No. 62/2025-2026 dated 24.02.2026]
DGFT: Online Application for allocation of Tarrif rate Quota (TRQ) under the above FTA’s for FY 2026-27 has been extended from 28.02.2026 to 15.03.2026. [Public Notice No. 50/2025-26 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. [Corrigendum to DGFT Notification No. 60/2025-2026 dated 24.02.2026]
Customs: Updated tariff values for Edible oils, gold, silver, and areca nuts have been notified. Changes apply from 25th February 2026. [Notification No. 23/2026-CUSTOMS (N.T.) dated 24.02.2026]
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 …
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: Rationalization of RoDTEP rates has been notified to limit the applicable benefits for all HS Lines under Appendix 4R and Appendix 4RE to 50% of the existing rates and notified value caps. [DGFT Notification No. 60/2025-2026 dated 23.02.2026]
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. [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. [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. [DGFT Trade Notice 27/2025-26 dated 20.02.2026]
DGFT: Guidelines for Trade Regulations, Accreditation and Compliance Enablement (TRACE) under EPM are introduced to streamline accreditation processes and ensure global compliance for Indian exporters. [DGFT Trade Notice 26/2025-26 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. [DGFT Trade Notice 25/2025-2026 dated 20.02.2026]
Customs Updated tariff values for Edible oils, gold, silver, and areca nuts have been notified. Changes apply from 19th February 2026. [Notification No. 22/2026-CUSTOMS (N.T.) dated 18.02.2026]
GST: The functionality to utilize CGST or SGST ITC for payment of IGST liability, in any order of payment after complete exhaustion of IGST Credit, shall be available from February-2026 period. [GSTN advisory dated 19.02.2026]
Customs All Industry Rates (AIR) of Duty Drawback for specific items under Chapter 71 (Jewellery and Gold/Silver smiths’ wares) has been revised as follows: Tariff Item Description Previous Rate Revised Rate 711301 Silver Jewellery/Articles 524.27 639.59 711302 Gold Jewellery/Articles 6317.22 9089.33 711401 Other Gold Jewellery/Articles 6317.22 9089.33 [Notification No.21/2026-Customs (N.T.) dated 16.02.2026]
