Daily Updates

Central Excise: The CBIC has issued a corrigendum to amend Notification 04/2025-Central Excise, replacing “and Unmanufactured Tobacco” with “, Jarda Scented Tobacco and Gutkha” to ensure accurate product descriptions for excise duty applications. (05.02.2026)

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Central Excise The CBIC has issued a corrigendum to amend Notification 04/2025-Central Excise, replacing “and Unmanufactured Tobacco” with “, Jarda Scented Tobacco and Gutkha” to ensure accurate product descriptions for excise duty applications. [Corrigendum 2-F. No. CBIC-190349/72/2025-TRU-dated 04.02.2026]

Income Tax:The Central Government has approved Rajalakshmi University Trust, Chennai, as an eligible institution for “Scientific Research” under Section 35(1)(ii) of the Income-tax Act, 1961, for assessment years 2026-27 to 2030-31.(02.02.2026)

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Income Tax: The Central Government has approved Rajalakshmi University Trust, Chennai, as an eligible institution for “Scientific Research” under Section 35(1)(ii) of the Income-tax Act, 1961, for assessment years 2026-27 to 2030-31. Key Conditions: Form 10BD: The Trust must file an annual statement of donations received for each financial year by May 31st. Form 10BE: Donor certificates must be furnished specifying the …

Income Tax:The Central Government has approved Rajalakshmi University Trust, Chennai, as an eligible institution for “Scientific Research” under Section 35(1)(ii) of the Income-tax Act, 1961, for assessment years 2026-27 to 2030-31.(02.02.2026) Read More »

Central Excise: The Government has amended Notification No. 03/2025-Central Excise to set duty rates for unmanufactured tobacco: Nil for non-branded/bulk and 18% for all others, effective from February 1, 2026.(02.02.2026)

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Central Excise: The Government has amended Notification No. 03/2025-Central Excise to set duty rates for unmanufactured tobacco: Nil for non-branded/bulk and 18% for all others, effective from February 1, 2026. [Notification No. 04/2026-Central Excise Dated 01.02.2026]

Central Excise: The Government has (i) exempted Biogas value and GST from blended CNG excise base and (ii) deferred the ₹2/litre additional duty on unblended diesel until March 31, 2028, effective February 2, 2026.(02.02.2026)

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Central Excise: The Government has (i) exempted Biogas value and GST from blended CNG excise base and (ii) deferred the ₹2/litre additional duty on unblended diesel until March 31, 2028, effective February 2, 2026. [Notification No. 02/2026-Central Excise Dated 01.02.2026]

Central Excise: The Government has prescribed the effective rates of National Calamity Contingent Duty (NCCD) @25% on chewing tobacco, jarda scented tobacco, and other tobacco products, effective from February 1, 2026. (02.02.2026)

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Central Excise  The Government has prescribed the effective rates of National Calamity Contingent Duty (NCCD) @25% on chewing tobacco, jarda scented tobacco, and other tobacco products, effective from February 1, 2026. [Notification No. 01/2026-Central Excise Dated 01.02.2026]

Customs:The government is fully automating several key customs procedures to minimize the need for physical interaction between trade entities and customs officers. (02.02.2026)

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Customs: The government is fully automating several key customs procedures to minimize the need for physical interaction between trade entities and customs officers. This update specifically moves out-of-charge (OOC) for imports and let-export-orders (LEO) for exports into a digital, system-driven workflow to speed up cargo clearance. [Circular No. 06/2026-Customs Dated 01.02.2026]  

Customs:The Government has issued guidelines for the uniform implementation of the new Baggage Rules, 2026, ensuring standardized customs procedures across all field formations, effective from February 2, 2026.(02.02.2026)

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Customs: The Government has issued guidelines for the uniform implementation of the new Baggage Rules, 2026, ensuring standardized customs procedures across all field formations, effective from February 2, 2026. [Circular No. 04/2026-Customs Dated 01.02.2026]

Customs:The Government has notified the Customs Baggage (Declaration & Processing) Regulations, 2026, streamlining digital declarations and processing for international passengers, effective from February 2, 2026.(02.02.2026)

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Customs: The Government has notified the Customs Baggage (Declaration & Processing) Regulations, 2026, streamlining digital declarations and processing for international passengers, effective from February 2, 2026. [Notification No. 15/2026-Customs (NT) Dated 01.02.2026]

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