The circular extends the deferred payment window from 15 to 30 days, easing cash-flow pressures for eligible importers. Revised monthly cut-off dates now standardize duty payment timelines from March 2026.
The circular confirms that RPA for military use includes drones, UAVs and UAS, ensuring duty and IGST exemption when imported for defence with prescribed certification.
The Budget introduces bond market reforms, foreign investment liberalisation, and sector-focused incentives. These measures aim to deepen liquidity and unlock growth opportunities for corporate India.
The proposed changes consolidate all IT and ITeS activities into a single category with a lower, uniform margin and a much higher turnover threshold. The key takeaway is reduced litigation risk and greater pricing certainty for large and mid-sized IT service providers.
The Bill introduces unified service classification, higher safe harbour limits, and automated approvals. The key takeaway is reduced litigation and greater tax certainty for IT and ITES companies.
The government has withdrawn an earlier central excise exemption notification with effect from 2 February 2026. The rescission is prospective, ensuring past actions under the old notification remain valid.
The government has extended key excise provisions and introduced a specific duty structure for CNG blended with biogas. The key takeaway is policy continuity alongside incentives for cleaner fuels.
The government has reduced the effective National Calamity Contingent Duty on specified tobacco products. The key takeaway is a capped duty rate of 25% from May 2026.
The notification introduces fully electronic baggage declarations, standard CBD forms, and risk-based checks to simplify passenger compliance and speed up customs clearance.
The new rules revise general free allowance, laptop eligibility, and jewellery limits. Passengers must now assess baggage entitlements under the updated framework effective February 2026.
