DGFT has laid down detailed procedures for applying and allocating wheat export authorizations under the 25 LMT quota. Applications must be filed online within a specified monthly window and meet eligibility criteria.
The notification substitutes revised tariff value tables for edible oils, precious metals and areca nuts. While tables are formally updated, most tariff values remain unchanged, effective 25 February 2026.
Input Tax Credit, intended as GST’s backbone, has become a major litigation driver due to strict conditions like supplier tax payment requirements and procedural mismatches. Courts continue to grapple with whether bona fide purchasers should suffer for supplier non-compliance.
The Disciplinary Committee held that reconstituting the Committee of Creditors without authority and filing contradictory affidavits misled the Adjudicating Authority. The IP’s registration has been suspended for three years.
The Ministry of Corporate Affairs has introduced CCFS-2026 allowing companies to file pending annual returns by paying only 10% of additional fees. The scheme offers a one-time compliance relief from 15 April to 15 July 2026.
The ROC Mumbai imposed a ₹10,000 penalty under Section 450 after an incorrect AGM date was mentioned in Form AOC-4. The order clarifies that authorized signatories are liable for inaccuracies in digitally signed e-forms, even if errors are inadvertent.
The regulator has permitted sharing of structured subscriber information with Pension Funds to strengthen scheme promotion and performance assessment. The circular mandates strict compliance with data protection laws and regulatory oversight to prevent misuse.
The government has limited RoDTEP benefits to 50% of existing rates and value caps with immediate effect. The notification amends Appendix 4R and 4RE under the Foreign Trade Policy 2023.
RBI amended FEMA regulations to require a Currency Declaration Form when foreign exchange carried by passengers exceeds prescribed limits. The rule improves transparency in cross-border currency movement.
ROC Pune imposed a penalty after a typographical error led to incorrect AGM details in Form MGT-7A. Although the AGM was duly held, incorrect filing attracted liability under Section 450. The director was fined ₹5,000 considering the company’s small status.
