The ROC penalized the company for filing board resolutions after the 30-day limit. It held that statutory timelines under the Companies Act are mandatory and cannot be ignored.
The initiative aims to assess system performance across parameters like security and availability. It mandates periodic evaluation to enhance reliability of market infrastructure.
Notification No. 07/2026-Customs exempts Aviation Turbine Fuel imports from additional customs duty equivalent to Special Additional Excise Duty with immediate effect.
The issue concerns continuation of an earlier excise notification. The government rescinded it prospectively while protecting past actions, ensuring legal continuity.
Notification No. 12/2026-Central Excise amends Notification 4/2019 to exclude petrol and diesel cleared for export, except exports by PSU oil firms to select countries.
Notification No. 11/2026-Central Excise sets Road and Infrastructure Cess rates on petrol and diesel cleared for export, with specified exemptions.
Notification No. 10/2026-Central Excise exempts basic excise duty and AIDC on petrol and diesel, and basic excise duty on ATF when cleared for export.
The amendments focus on reassessment timelines, electronic communication, and procedural clarity. The changes aim to reduce litigation and improve efficiency in tax administration.
The issue concerns exemption from TCS on purchase of specified goods. The rule allows exemption where goods are used for manufacturing and not trading. The key takeaway is proper declaration enables tax relief.
The issue concerns an alternative mechanism for resolving tax disputes. Form 119 enables eligible assessees to approach the DRC instead of appellate forums. The key takeaway is availability of a structured dispute resolution pathway.
