Daily Updates

DGFT Modalities prescribe online applications, eligibility conditions, documentation, minimum quantity, non-transferable authorisations, allocation by a Special Committee, monthly review, and post-export reporting for wheat flour exports under HS Code 1101. (Public Notice No. 44 /2025-26 dated 16.01.26)

DGFT Export of wheat flour and related products under HS Code 1101 remains prohibited; however, export of 5 LMT is additionally permitted against DGFT export authorisation, subject to prescribed conditions. (Notification No. 55/2025-26 dated 16.01.26)

Customs  Cross Recessed Screws QCO applies from 1 November 2025, with deferred MSME timelines; consignments arriving between 1 November 2025 and 12 January 2026 are exempted. (Instruction No. 01/2026-Customs dated 17.01.26)

Judicial Corner:   Appellate authority’s cryptic, unreasoned affirmation of refund rejection passed without independent analysis or application of mind was held unsustainable in law { Virtusa Consulting Services (P.) Ltd. v. Union of India [2025] 181 taxmann.com 265 (Karnataka High Court)     Facts The petitioner, Virtusa Consulting Services (P.) Ltd., had filed a refund …

Judicial Corner:Appellate authority’s cryptic, unreasoned affirmation of refund rejection passed without independent analysis or application of mind was held unsustainable in law (16.01.2026) Read More »

DGFT Amendments refine interest subvention eligibility, rates, exclusions, MSME continuity, sanction-date applicability, bank discretion, reimbursement mechanism, and compliance requirements under EPM Niryat Protsahan for export credit. (Trade Notice No. 22/2025-26 dated 16.01.26)

Customs: The circular extends electronic export benefits (Drawback, RoDTEP, RoSCTL) to postal exports by integrating DNK with ICES, amending Circular 25/2022-Customs, and prescribing revised procedures and links. (Circular No. 01/2026-Customs dated 15.01.26)

Customs: Tariff values for specified goods, including edible oils, metals, gold, silver, and areca nuts, have been revised by substituting Tables 1, 2, and 3, effective from 16 January. (Notification No. 01/2026-Customs (N.T.) dated 13.01.26)

Customs: The notification amends Notification No. 61/94-Customs to notify Bhogapuram, Andhra Pradesh, as a customs area for unloading imported goods and loading export goods, by inserting a new entry in the prescribed table. (Notification No. 02/2026-Customs (N.T.) dated 15.01.26)

Customs: The Drawback Rules, 2017 have been amended to extend duty drawback benefits to exports by post, recognising electronic entries under section 84, with effect from 15 January 2026. (Notification No. 03/2026-Customs (N.T.) dated 15.01.26)

Customs: The notification amends export procedures to extend Section 51B benefits to postal exports by permitting electronic entries under Section 84, aligning post exports with shipping bills and bills of export. (Notification No. 04/2026-Customs (N.T.) dated 15.01.26)  

Customs: The notification amends procedures to extend Section 51B benefits to exports by post, allowing electronic entry under Section 84, aligning postal exports with shipping bills and bills of export. (Notification No. 05/2026-Customs (N.T.) dated 15.01.26)

Customs: Tariff values for specified goods, including edible oils, metals, gold, silver, and areca nuts, have been revised by substituting Tables 1, 2, and 3, effective from 16 January. (Notification No. 06/2026-Customs (N.T.) dated 15.01.26)

Customs: Regulations have been amended to revise the Postal Export (Electronic Declaration and Processing) Regulations, 2022 by substituting existing forms. (Notification No. 07/2026-Customs (N.T.) dated 15.01.26)

HC: Summons are for gathering information, not ‘initiation of proceedings Dismisses writ as premature {Md. Aniqul Islam v. Directorate General of Goods and Services Tax Intelligence (DGGI){ W.P.(CRL) 1710/2024 & W.P.(CRL) 1861/2024}   Facts The Petitioners were engaged in trading/manufacturing of bidi under the brand “UDDAN”. Searches were conducted by DGGI at their premises and …

Judicial Corner: HC: Summons are for gathering information, not ‘initiation of proceedings Dismisses writ as premature (15.01.2026) Read More »

Input Tax Credit was denied solely due to delayed return filing for 2018-2019, retrospective insertion to Goods and Services Tax enactments by Finance No. 2 Act 2024 and Circular No. 237/31/2024-GST clarified entitlement, making Input Tax Credit available, matter remanded for fresh consideration as per law {Kabriyal Rajan vs. Supertintendent, CGST & Central Excise [2026] …

Judicial Corner:and Services Tax enactments by Finance No. 2 Act 2024 and Circular No. 237/31/2024-GST clarified entitlement, making Input Tax Credit available, matter remanded for fresh consideration as per law (14.01.2025) Read More »

Goods in question were loaded in two trucks as the machine could not be accommodated in one truck, and in the invoice as well as in the e-way bill, multi-vehicle transport was specifically mentioned; therefore, no intention to evade tax could be attributed to the assessee. {Falcon Autotech (P.) Ltd. vs. Additional Commissioner [2026] 182 …

Judicial Corner: Goods in question were loaded in two trucks as the machine could not be accommodated in one truck, and in the invoice as well as in the e-way bill, multi-vehicle transport was specifically mentioned; therefore, no intention to evade tax could be attributed to the assessee. (13.01.2026) Read More »

DGFT: India & Arab Countries Chamber of Commerce, Industry & Agriculture (IACCIA), New Delhi, has been authorised under Appendix 2E of FTP 2023 to issue Non-Preferential Certificates of Origin with immediate effect. (Public Notice No. 43/2025-26 dated 09.01.26

DGFT Appendix 2U of the Handbook of Procedures, 2023 is amended to revise the eBRC format by adding GSTIN, GST Invoice Number and Date, and modifying the Address field. The revised format is applicable from 13 January 2026. (Public Notice No. 42/2025-26 dated 09.01.26)

Income Tax The Core Settlement Guarantee Fund is notified for exemption under Section 10(23EE) from AY 2024-25 onwards, for specified income, and is established by AMC Repo Clearing Limited, a recognised clearing corporation. (Notification No. 06/2026 dated 08.01.26)

Customs The existing anti-dumping duty on imports of Flexible Slabstock Polyol (HS 3907 29) from Saudi Arabia and the UAE has been extended pending sunset review and shall remain in force up to and including 17 June 2026. (Notification No. 01/2026-Customs (ADD) dated 02.01.26)