DGFT has invited comments on proposed amendments to Schedule-II of ITC (HS) 2022 to align export policy provisions with changes introduced by the Finance Act, 2026. Stakeholders have been given seven days to submit their suggestions.
The ROC Kolkata held that possessing more than one Director Identification Number violates Section 155 of the Companies Act, attracting penalties under Section 159. Directors must ensure that only one valid DIN is maintained at all times.
CBIC has directed Customs field formations not to seek FTP clarifications directly from DGFT. The new mechanism aims to ensure consistency, faster decision-making, and uniform implementation of trade policy provisions.
The MCA has amended the valuation rules to require Registered Valuer Organisations to maintain a minimum paid-up capital of ₹25 lakh. The key takeaway is stronger financial and governance standards for RVOs.
The 2026 amendments require personal guarantors to disclose a complete statement of assets, including digital assets, investments, beneficial interests, and overseas holdings. The move aims to enhance transparency in insolvency proceedings
IBBI has amended the Information Utilities Regulations to formally recognize “Information of Dispute” when a debtor contests a reported default. The change creates a distinct mechanism for handling disputed default information.
Notification No. 25/2026 revises SAED on ATF exports to Rs 9.5 per litre with effect from 1 June 2026; domestic petrol and diesel duties unchanged.
Notification No. 24/2026 revises SAED rates on petrol and diesel exports from 1 June 2026, setting duty at Rs 1.5 and Rs 13.5 per litre.
CBDT has granted scientific research approval under the Income-tax Act, 2025, enabling eligible donations to qualify for tax benefits. The approval remains effective for tax years 2026-27 to 2030-31, subject to compliance requirements.
CBDT has granted scientific research approval under the Income-tax Act, 2025, allowing eligible donations to qualify for tax benefits. The approval remains valid from tax year 2026-27 through 2030-31, subject to compliance conditions.
