The ROC imposed penalties after a company extended its rights issue offer period following requests from promoter shareholders. The adjudication order clarified that the Companies Act restricts rights issue offers from remaining open for more than 30 days.
The notification prohibits manufacturers acting as GATCs from charging fees for verifying their own products. It also caps re-verification charges and mandates disclosure of reduced fees.
The update introduces four new input-output norms for specified chemical products. It allows direct approvals by authorities, reducing delays and improving consistency in export processes.
CBIC has amended a Customs (CVD) notification to revise tariff item codes in line with Finance Act, 2026 changes, effective May 1, 2026.
CBIC has amended multiple Customs (ADD) notifications to revise tariff item codes in line with changes introduced under the Finance Act, 2026, from May 1.
Notification No. 21/2026-Central Excise revises the RIC rate on exports of high-speed diesel oil outside India to Nil, effective May 1, 2026.
Notification No. 20/2026-Central Excise revises the SAED rate on exports of ATF outside India to Rs. 33 per litre, effective May 1, 2026.
Notification No. 19/2026-Central Excise revises the SAED rate on exports of high-speed diesel oil outside India to Rs. 23 per litre from May 1, 2026.
The government has amended multiple customs notifications to update tariff classifications across sectors. The move ensures uniformity and reduces ambiguity in exemption eligibility.
The Authority found that core survey functions were carried out by unlicensed personnel. It held that such outsourcing violated regulatory norms and warranted licence cancellation.
