During the week of 25–31 May 2026, several important notifications, circulars, and judicial pronouncements were issued across Income Tax, GST, Customs, DGFT, SEBI, MCA, IBBI, RBI, and other regulatory domains. Key Income Tax developments included notifications granting scientific research status to four institutions and significant rulings holding that additions for alleged unaccounted sales cannot rest on estimated production yields and that tax demands omitted from an approved IBC resolution plan are unenforceable. GST saw notable rulings on intermediary services, classification disputes, export benefits, online gaming taxation, BOT highway projects, leasehold assignments, and preferential location charges. Customs notifications exempted raw cotton imports from BCD and AIDC and introduced Rules of Origin for the India-Oman CEPA. MCA expanded CSR eligibility to include Social Stock Exchange instruments, while IBC amendments were brought into force. SEBI revised nomination norms for demat and mutual fund accounts. RBI amended governance norms for cooperative banks, introducing a mandatory cooling-off period for directors completing ten years of continuous tenure.
Notifications & Circulars issued during week (25th – 31st May 2026)
(Income Tax, GST, Central Excise, Custom Duty, DGFT, SEBI, MCA, IBBI, RBI)
(Click the Link for Notification/ Circular as issued)
A. Income Tax
National Institute of Advanced Studies, Bangalore notified under section 45(4)(b) for Scientific Research: It notifies National Institute of Advanced Studies, Bangalore for ‘Scientific Research’ under the category of ‘University, college or other institution’ for the purposes section 45(3)(a)(i) of the Income-tax Act, read with rules 32 and 34 of the Income-tax Rules. This section allows for deduction for any sum paid to such notified institutions for scientific research while computing income tax.
(Link: Income Tax Notification 69/2026 Dated 30/05/2026)
S. Nijalingappa Sugar Institute, Belgaum notified under section 45(4)(b) for Scientific Research:It notifies S. Nijalingappa Sugar Institute, Belgaum for ‘Scientific Research’ under the category of ‘University, college or other institution’ for the purposes section 45(3)(a)(i) of the Income-tax Act, read with rules 32 and 34 of the Income-tax Rules. This section allows for deduction for any sum paid to such notified institutions for scientific research while computing income tax.
(Link: Income Tax Notification 68/2026 Dated 30/05/2026)
Regional Centre for Biotechnology, Faridabad notified under section 45(4)(b) for Scientific Research: It notifies Regional Centre for Biotechnology, Faridabad, Haryana for ‘Scientific Research’ under the category of ‘University, college or other institution’ for the purposes section 45(3)(a)(i) of the Income-tax Act, read with rules 32 and 34 of the Income-tax Rules. This section allows for deduction for any sum paid to such notified institutions for scientific research while computing income tax.
(Link: Income Tax Notification 67/2026 Dated 30/05/2026)
Ramakrishna Mission Vidyamandira, Belur Math, Howrah notified under section 45(4)(b) for Scientific Research: It notifies Ramakrishna Mission Vidyamandira under the aegis of Ramakrishna Mission, Belur Math, Howrah for ‘Scientific Research’ under the category of ‘University, college or other institution’ for the purposes section 45(3)(a)(i) of the Income-tax Act, read with rules 32 and 34 of the Income-tax Rules. This section allows for deduction for any sum paid to such notified institutions for scientific research while computing income tax.
(Link:Income Tax Notification 66/2026 Dated 30/05/2026)
SC, Additions for Unaccounted Sales cannot be based on Mere Suspicion or Estimated Production Yield: Case of DCIT vs Mahamaya Steel Industries Ltd, SC Judgement Dated 5th May 2026. The apex court ruled that the Income Tax department cannot make additions to an assessee income for alleged unaccounted sales based merely on estimated production yields, hypothetical industry averages, or speculative variations in electricity and furnace oil consumption without concrete, corroborative evidence of suppressed sales.
(Link: SC Judgement Dated 05/05/2026)
HC, Quashes Income Tax Demand not included in Approved IBC Resolution Plan: Case of HL Buildwell Pvt Ltd vs DCIT, HC P&H Judgement Dated 6th May 2026. HC quashed the income tax demands and appellate orders because the department claims were not included in the resolution plan previously approved under the Insolvency and Bankruptcy Code (IBC).
(Link: HC P&H Judgement Dated 06/05/2026)
B. GST
AAAR, Denies Export Benefit as Services were held to be Intermediary Services: Case of Maithani Enterprises, AAAR Haryana Ruling Dated 7th May 2026. AAAR upheld the advance ruling and held that services were performed and utilized in India and the appellant functioned as an intermediary. The services supplied by the appellant are taxable at 18% IGST, are not zero-rated services, do not qualify as export of services, and do not entitle the appellant to refund of Input Tax Credit. The appeal was dismissed.
(Link:AAAR Haryana Ruling Dated 07/05/2026)
AAAR, Brake Hoses Classifiable under HSN 4009 as Essential Character remains Vulcanized Rubber: Case of Nichirin Imperial Autoparts India Pvt Ltd, AAAR Haryana Ruling Dated 29th April 2026. AAAR held that Brake Hoses are appropriately classifiable under Heading 4009 of Chapter 40 as ‘Tubes, pipes and hoses, of vulcanized rubber other than hard rubber, with or without their fittings’. Accordingly, the applicable GST rate was held to be 18%. The advance ruling was set aside and the appeal was allowed.
(Link: AAAR Haryana Ruling Dated 29/04/2026)
AAAR, Biodegradability Determination lies with Environmental Authorities: Case of Easy Flux Polymers Private Limited, AAAR Rajasthan Ruling Dated 2nd April 2026. AAAR held that advance ruling authorities do not have jurisdiction to determine whether a product satisfies environmental, technical, or scientific standards of biodegradability or composability. It reiterated that if the appellant’s products are biodegradable, they would qualify for the concessional GST rate under Entry 319 of Notification 09/2025; otherwise, the normal GST rate applicable to plastic bags under Chapter 39 would apply. It upheld the AAR ruling.
(Link: AAAR Rajasthan Ruling Dated 02/04/2026)
AAR, Fresh Isabgol Seeds Exempt from GST as they remain Unprocessed after Harvest: Case of Jigneshkumar Narayandas Patel, AAR Gujarat Ruling Dated 29th May 2026. AAR ruled that Psyllium Seeds (Isabgol) supplied in their natural, raw, and unprocessed form, procured through APMC auctions directly from farmers and not subjected to drying, freezing, crushing, or any other processing, qualify as ‘fresh’ Isabgol seeds and are exempt from GST under Entry 87 of Notification 10/2025 (Rate).
(Link: AAR Gujarat Ruling Dated 29/05/2026)
AAR, PP Packing Boxes classifiable under HSN 39231090 as they are Plastic Packing Articles: Case of Jai Hind Plastic, AAR West Bengal Ruling Dated 25th May 2026. AAR ruled that plastic packaging boxes manufactured by the applicant are classifiable under HSN 39231090 (under articles for the conveyance or packing of goods). Any lids, caps, or covers supplied along with these boxes are classified under HSN 39235090. Both the packing boxes and their associated closures attract an 18% GST.
(Link: AAR West Bengal Ruling Dated 25/05/2026)
AAR, Laundry Soap not eligible for 5% GST as it is Distinct from Toilet Soap: Case of Swadeshi Soap Industries, AAR West Bengal Ruling Dated 25th May 2026. AAR ruled that laundry soap is not includible within the category of toilet soap and therefore does not qualify for the concessional GST rate of 5%. Laundry soap bars weighing less than 500 grams were held classifiable under tariff item 34011942 and taxable under serial number. 66 of Schedule II at GST rate of 18%.
(Link: AAR West Bengal Ruling Dated 25/05/2026)
AAR, Rose Water taxable at 18% GST because it was not Recognised as Puja Samagri: Case of TSR & Co, AAR Tamil Nadu Ruling Dated 5th May 2026. AAR ruled that despite its exclusive marketing for religious and devotional use in small retail packs, the product qualifies as an aqueous distillate. The ‘Pooja Panneer’ (Rosewater) marketed by applicant exclusively for devotional or religious purposes is classified under HSN 33019079 and is taxable at an 18% GST rate.
(Link: AAR Tamil Nadu Ruling Dated 05/05/2026)
AAR, Temple Hair Collection Licence, 18% GST applicable due to Commercial Activity: Case of Chelliah Rangaraj, AAR Tamil Nadu Ruling Dated 5th May 2026. AAR held that the temple was issuing licences for consideration in the course or furtherance of business and that such licensing amounted to supply of services. It classified the activity under SAC 9997 and held it taxable at 18% GST.
(Link: AAR Tamil Nadu Ruling Dated 05/05/2026)
AAR, GST Payable on Foreign Director Commission as Service treated as Import of Service: Case of Sampurnam Hosieries Impex Private Limited, AAR Tamil Nadu Ruling Dated 4th May 2026. AAR held that the commission paid to the director, who is a foreign national, for the purpose of marketing and sourcing of orders is liable for GST as it falls under the scope of ‘Import of Services’ under Section 2(11) of the IGST Act, and is also liable for tax under reverse charge.
— There will be no tax liability in case marketing agents are foreigners and they are paid 20% of the invoice value for marketing, as GST is not payable on commissions paid to marketing agents located in foreign countries because it falls under the category of intermediary services as per Section 2(13) of the IGST Act.
— There will be certain tax liability in case of clearing and forwarding done in a foreign country by a foreign company or individual, as GST is payable on charges paid to C&F agents and it falls under the scope of ‘Import of Services’ in terms of Section 2(11) of the IGST Act, and tax is also liable to be paid here under reverse charge.
(Link: AAR Tamil Nadu Ruling Dated 04/05/2026)
AAR, Access to Coursera content is Licensing of Intellectual Property Rights: Case of Unitech Engineers (Prop Naresh Arya), AAR Odisha Ruling Dated 29th April 2026. AAR held that the supply of Coursera User Licenses to the Odisha Skill Development Authority (OSDA) is not classifiable as an education service. Instead, it is more appropriately categorized under Heading 9973 as Licensing Service for Computer Software, attracts 18% GST.
(Link: AAR Odisha Ruling Dated 29/04/2026)
SC, GST on Fantasy Sports upheld because Skill Element does not Override Betting Character: Case of Directorate General of GST Intelligence vs Gameskrat Technologies Private Limited, SC Judgement Dated 27th May 2026. The apex court has held that organised online gaming platforms, including fantasy sports and rummy operators, are not mere intermediaries facilitating transactions between players but themselves constitute suppliers of actionable claims arising from betting and gambling, liable to GST on the full value of stakes placed by participants. It held that once participation in an online gaming activity is conditioned upon staking money upon uncertain outcomes, the resulting transaction acquires the character of betting and gambling irrespective of whether the underlying game involves skill or chance. Online gaming transactions attract GST at 28% on entire value of bets placed, and not merely on the platform fee.
(Link: SC Judgement Dated 27/05/2026)
SC, Stays HC Ruling as GST Portal upload alone was held Insufficient Communication: Case of State of UP vs Bambino Agro Industries Ltd, SC Judgement Dated 29th May 2026. The issue is whether merely uploading a show cause notice or adjudication order on the GST portal amounts to valid “communication” for the purpose of computing limitation under Section 107 of the CGST/UPGST Acts. While the HC ruling had recognized that portal uploading alone may not constitute effective communication for limitation purposes, the operation of that judgment presently stands stayed pending further consideration by the apex court.
(Link:SC Judgement Dated 29/05/2026)
SC, Upholds HC view that GST cannot be levied on MIDC Plot Leasehold Assignment: Case of Assistant Commissioner (Anti Evasion) vs Aerocom Cushions Pvt Ltd, SC Judgement Dated 22nd May 2026. The apex court held that the assignment or transfer of long-term leasehold rights for consideration does not constitute a ‘supply of services’ and is not liable to GST.
(Link: SC Judgement Dated 22/05/2026)
HC, Upholds GST on BOT Highway Project, as Toll Rights Constitute Consideration for Construction Services: Case of CG Tollway vs Union of India, HC Rajasthan Judgement Dated 22nd May 2026. HC held that the concession agreement clearly involved a taxable supply of works contract service by the petitioner to NHAI. It observed that Section 7 of the CGST Act gives a wide meaning to “supply” and specifically includes barter, licence and exchange. In the present case, the petitioner undertook construction and maintenance obligations and, in return, received valuable commercial rights including the right to collect toll, licence over project land and operational rights over the highway. It recognized taxability of BOT road construction arrangements, upheld the validity of the CBIC Circular and GST demand raised against the petitioner.
(Link: HC Rajasthan Judgement Dated 22/05/2026)
HC, Quashes Separate GST on Flat Location Charges after Clarificatory Circular: Case of DLF Limited vs Commissioner of CGST, HC P&H Judgement Dated 13th May 2026. HC ruled that Preferential Location Charges (PLC) collected by real estate developers form part of a composite construction service. Consequently, PLC cannot be taxed independently and is subject to the same GST rate as the principal construction service.
(Link:HC P&H Judgement Dated 13/05/2026)
C. Central Excise
SC, Cutting and Grooving ACP Panels does not amount to Manufacture: Case of Aluupro Building Systems Pvt Ltd vs Commissioner of Central Excise, SC Judgement Dated 27th May 2026. The apex court has held that cutting, routing and grooving Aluminium Composite Panels (ACP) for cladding and façade installation does not amount to ‘manufacture’ under Section 2(f) of the Central Excise Act, as the process does not result in the emergence of a distinct commercial product. It clarified that levy of excise duty requires satisfaction of a cumulative two-fold test i.e. first, transformation of the goods into a commercially distinct product with a new name, character or use, and second, proof that the transformed goods are marketable as such.
(Link: SC Judgement Dated 27/05/2026)
D. Custom Duty
Raw Cotton Imports Exempt from BCD and AIDC till 31st October 2026: The notification exempt imported cotton falling under tariff heading 5201 from the whole of the Basic Customs Duty (BCD) and the Agriculture Infrastructure and Development Cess (AIDC). It will come into effect from 1st 2026 and will remain available till 31st October 2026.
(Link:Customs Notification 19/2026 (T) Dated 30/05/2026)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver: CBDT notified the Tariff Values of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver, which shall come into force w.e.f. 30th May 2026. The tariff value for crude palm oil is set at USD 1218 per metric ton, while gold and silver have tariff values of USD 1423 per 10 grams and USD 2368 per kilogram, respectively. The tariff value for areca nuts is fixed at USD 9155 per metric ton.
(Link: Customs Notification 49/2026 (NT) Dated 29/05/2026)
Rules Of Origin For India-Oman CEPA To Facilitate Preferential Trade: Customs Tariff (Determination of Origin of Goods under the Comprehensive Economic Partnership Agreement between India and Oman) Rules, 2026 have been notified. Only those goods, certified as originating in accordance with these rules will be entitled to the concessional rates of customs duty agreed under the Agreement.
(Link: Customs Notification 48/2026 (NT) Dated 29/05/2026)
SC, n-Hexane not ‘Motor Spirit’ without proof of Engine Use Suitability: Case of Commissioner of Customs vs Reliance Industries Ltd, SC Judgement Dated 25th May 2026. The apex court held that the burden of proof in classification disputes rests on the Revenue and that it failed to establish that the imported product satisfied all conditions required for classification as motor spirit under Chapter 27. SC observed that merely having a flash point below 25°C was insufficient without proof that the product was suitable for use as fuel in spark ignition engines. The court further held that n-Hexane is specifically recognized under Chapter 29 as a saturated acyclic hydrocarbon existing as a separate chemically defined compound.
(Link: SC Judgement Dated 25/05/2026)
E. Directorate General of Foreign Trade (DGFT)
Revision of Standard Input Output Norms (SIONs) for Chemical & Allied Products: The SIONs entries A1090, A1794, A1827, A3105, A3106, and A3107) under Export Product Group ‘A’ has been amended. The updated norms specify revised input-output ratios for products such as Caustic Soda Flakes/Solid, Gelatine, Ossein, and Chlorinated Paraffin with varying chlorine content levels ranging from 41% to 55%. It details the quantity of raw materials, including caustic soda lye, gel bones, paraffin (C10-C30), chlorine, and relevant stabilizers required for producing the respective export products.
(Link: DGFT Public Notice 13/2026 Dated 29/05/2026)
Launch of Electronic Certificate of Origin for India-Oman CEPA: DGFT has announced the rollout of electronic Preferential Certificates of Origin (eCOO) for exports to Oman under the India-Oman Comprehensive Economic Partnership Agreement (CEPA), effective from 1st June 2026. The certificates will be issued through the Trade Connect ePlatform, the unified digital system for Certificates of Origin. The system will generate an electronic certificate carrying a QR code, digital signature, issuing officer’s signature image, and agency stamp.
(Link: DGFT Trade Notice 06/2026 Dated 29/05/2026)
F. Securities and Exchange Board of India (SEBI)
Modified Norms for Nomination in Demat Accounts and Mutual Fund Folios: For single-holder accounts or folios opened after implementation, nomination will be mandatory unless the investor submits an opt-out declaration, while nomination remains optional for jointly held accounts. Investors may nominate up to three persons and can submit, change, or cancel nominations any number of times. Nomination can be made online through prescribed authentication methods, including digital signatures, Aadhaar-based e-sign, or two-factor authentication, or offline through a signed form. Only the nominee’s name and relationship are mandatory details, while contact information and other particulars are optional.
(Link: SEBI Circular Dated 29/05/2026)
Consultation Paper on Framework for strike prices of options contracts: The paper proposes a framework for introduction and ongoing management of strike prices for options contracts in the derivatives segment. The exchanges currently follow different mechanisms for managing strike intervals and that sharp intraday price movements can result in non-availability of options contracts near prevailing market prices. The proposed framework requires stock exchanges to establish rules for introducing and reviewing strike prices, maintaining adequate in-the-money and out-of-the- money contracts, and eliminating strikes far from market prices. Exchanges would also be required to enable intraday introduction of new strike prices without requiring system changes by brokers during market hours.
(Link: SEBI Consultation Paper Dated 25/05/2026)
G. Ministry of Corporate Affairs (MCA)
MCA adds Social Stock Exchange Instruments to CSR List: The notification has inserted a new item in Schedule VII, i.e. item (xiii) “Subscription to zero coupon zero principal instruments on Social Stock Exchange.” Thus subscription to zero coupon zero principal instruments on a Social Stock Exchange has been expressly included among the activities that shall qualify under CSR policies of companies.
(Link: MCA Notification Dated 27/05/2026)
Amendments to Companies Corporate Social Responsibility Policy Rules: The rules have been added to allows companies to undertake Corporate Social Responsibility (CSR) activities through subscription to a zero coupon zero principal instrument issued by a Not for Profit Organization (NPO) registered with the Social Stock Exchange segment of a recognised stock exchange. It defines ‘Not for Profit Organization’ and ‘zero coupon zero principal instrument’. A company may use such instruments for CSR, subject to a cap of 10% of its total CSR expenditure for the relevant financial year.
(Link: MCA Notification Dated 27/05/2026)
H. Insolvency and Bankruptcy Board of India (IBBI)
IBC Amendment Provisions Implemented: The several provisions of the Insolvency and Bankruptcy Code (Amendment) Act 2026 will come into force from 26th May 2026. The notification operationalises a large portion of the amended insolvency framework, including sections 2 to 6, sections 8 to 33, sections 35 to 39, sections 48 to 59, sections 61 to 66, and other specified provisions. Certain clauses of sections 34, 69, and 70 have also been brought into effect, while sub-clause (xx) of section 70(b) remains excluded.
(Link: MCA Notification Dated 22/05/2026)
NCLAT, Technical Guidance Agreement sufficient to establish Operational Debt Without Invoices: Case of Lyka Labs Ltd vs Modi Lifecare Industries Ltd, NCLAT Delhi Judgement Dated 19th May 2026. The appellate tribunal observed that the TG Agreement clearly provided for payment of minimum royalty fees and did not mandate issuance of invoices at the end of each period. The Tribunal held that Rule 5 of the IBBI Rules does not require invoices to be attached in every case and that a demand notice supported by documents establishing operational debt is sufficient. The respondent had acknowledged liability of approximately Rs 63 lakh in its correspondence and that there was no genuine pre-existing dispute except reconciliation of accounts. It held that debt and default stood admitted.
(Link: NCLAT Delhi Judgement Dated 19/05/2026)
NCLAT, No Financial Debt under IBC without disbursement of Money to Corporate Debtor: Case of Amisha in Sky Creations Pvt Ltd vs Sandeep D Maheshwari, NCLAT Delhi Judgement Dated 12th May 2026. The appellate tribunal that a company that mortgaged its property to help a borrower secure a bank loan could not claim to be a financial creditor in the borrower insolvency proceedings merely because it was promised interest in return. It directed that appellant claim be treated as that of an ‘other creditor’, with further steps depending on the terms of the approved resolution plan.
(Link: NCLAT Delhi Judgement Dated 12/05/2026)
NCLAT, Section 12A Withdrawal not permissible after Liquidation Begins: Case of Gokul Aggarwal vs Bank of India, NCLAT Delhi Judgement Dated 11th May 2026. The appellate tribunal clarified that Section 12A, which allows withdrawal of insolvency upon settlement, applies strictly during the CIRP phase. It is not permissible to invoke it after liquidation has been ordered.
(Link: NCLAT Delhi Judgement Dated 11/05/2026)
IBBI Rejects RTI Appeal as Official Identity was protected under Privacy Exemption: The appellant had sought details regarding the date and time of uploading the admission order on the IBBI website, the identity and designation of the official who uploaded the order. The CPIO denied disclosure of the official identity under Section 8(1)(j) of the RTI Act. The Appellate Authority upheld the denial, holding that the information sought constituted personal information exempt from disclosure absent larger public interest. It further observed that certified copies available in the public domain need not be separately furnished under RTI.
(Link:IBBI CPIO-FAA Order Dated 27/05/2026)
I. Reserve Bank of India (RBI)
Amendments to RBI Rural Cooperative Banks Governance Directions: It inserted paragraph 7A providing that a director completing ten years of continuous tenure on the board of the same UCB can be re-appointed only after a mandatory cooling off period of three years. During this cooling-off period, the individual cannot be associated with the UCB in any capacity other than as a member or customer.
(Link: RBI Circular 95/2026 Dated 18/05/2026)
Amendments to RBI Urban Cooperative Banks Governance Directions: It inserted paragraph 7A providing that a director completing ten years of continuous tenure on the board of the same UCB can be re-appointed only after a mandatory cooling off period of three years. During this cooling-off period, the individual cannot be associated with the UCB in any capacity other than as a member or customer.
(Link: RBI Circular 94/2026 Dated 18/05/2026)
I. Miscellaneous
SC, Upholds State Power to Ban Betting on Skill Games: Case of State of Tamil Nadu vs Junglee Games India Pvt Ltd, SC Judgement Dated 27th May 2026. The apex court upheld the validity of the provisions of the Tamil Nadu and Karnataka legislations regulating and prohibiting betting and gambling activities.
(Link: SC Judgement Dated 27/05/2026)
SC, Upholds Prosecution of Office Bearers who signed Loan Documents despite not signing Dishonoured Cheque: Case of Mansi Finance vs M Lalitha, SC Judgement Dated 26th May 2026. The apex court has held that while mere designation as an office bearer of a society is insufficient to attract liability under Sections 138 and 141 of the Negotiable Instruments Act, prosecution can continue against those who were actively involved in the underlying financial transaction and had signed loan-related documents, even if they were not signatories to the dishonoured cheque itself.
(Link: SC Judgement Dated 26/05/2026)
SC, Upholds section 63(4) as Hash Value requirement ensures Authenticity of Electronic Evidence: Case of Pune Bar Association vs Union of India, SC Judgement Dated 22nd May 2026. The petitioner had argued that the dual requirements of disclosing a digital record hash value under Part A and obtaining a signature from a government notified expert under Part B imposed an extremely onerous obligation on ordinary litigants, rendering the provision manifestly arbitrary and unjust. The apex court clarified that any individual possessing special skills and expertise in computer science and cyber forensics can validly sign Part B of the standard-form certificate under Section 63(4) of the Bharatiya Sakshya Adhiniyam (BSA), provided the court is satisfied with their credentials on the basis of unimpeachable material.
(Link: SC Judgement Dated 22/05/2026)
SC, Upholds Pay Parity Relief as Juniors drew higher salary than Seniors After Departmental Exam: Case of Union of India vs Income Tax Gazetted Officer Association Rajasthan, SC Judgement Dated 19th May 2026. The apex court held that senior Income Tax Gazetted Officers are entitled to ‘stepping up’ of pay to match the higher salaries drawn by their junior.
(Link: SC Judgement Dated 19/05/2026)
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Compiled by:-CMA Yash Paul Bhola, MBA, FCMA. Former Director (Finance), National Fertilizers Limited.
Disclaimer: The contents of this article are for informational purposes only. The user may refer to the relevant notification/ circular/ decisions issued by the respective authorities for specific interpretation and compliances related to a particular subject matter)
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