Government extends countervailing duty on aluminium wire/wire rod imports from Malaysia up to 23 March 2027 through Notification No. 3/2026-Customs.
Government extends anti-dumping duty on aluminium foil from China, Malaysia, Thailand and Indonesia up to 15 December 2026. Notification No. 10/2026-Customs (ADD) Dated: 10th June, 2026
The government has exempted smaller edible oil packs and minor edible oils from standardisation requirements. The exemption is aimed at preserving affordable purchasing options for consumers.
The regulations establish a standalone framework for MGAs, prescribing registration standards, operational safeguards, and supervisory mechanisms. The key takeaway is the enhanced focus on transparency, accountability, and policyholder protection.
Standard pack sizes have been recommended for commonly used edible oils to reduce market inconsistencies and assist consumers in comparing prices effectively. Minor edible oils remain exempt from this requirement.
The Lakshadweep Excise Regulation, 2026 establishes a comprehensive framework for licensing, manufacture, sale, transport, and consumption of liquor. The Regulation introduces strict compliance requirements, enforcement powers, and penalties for violations.
CBIC exercised its powers under the Customs Act, 1962 to appoint a common adjudicating authority for two customs proceedings involving the same noticee. The Chennai Import Customs Commissionerate will conduct the adjudication.
Although the show cause notice referred to the maximum penalty applicable for continuing contraventions, the adjudicating officer treated the lapse as a one-time offence. This resulted in a lower penalty under the Companies Act framework.
Practitioners are reportedly following different methods while completing GSTAT appeal forms because of inadequate guidance. The representation calls for a uniform approach supported by detailed instructions and examples.
SEBI has consolidated all AIF-related circulars issued up to May 31, 2026 into a single Master Circular. The key takeaway is a unified compliance framework replacing the earlier fragmented regulatory structure.
