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ICSI Flags MCA-21 V3 Portal Issues, Seeks Urgent Compliance Fixes

May 8, 2026 17643 Views 0 comment Print

ICSI recommended restoring public access to basic company master data without mandatory login requirements. The representation stated that quick verification access is essential for professionals, stakeholders, and third parties.

CBIC Clarifies Safeguard Duty Exemptions as Importers Must Declare INFO Codes in Bill of Entry

May 8, 2026 546 Views 0 comment Print

CBIC Circular No. 23/2026-Customs introduces mandatory INFO_CD declarations for claiming safeguard duty exemptions on steel imports. The Circular ensures smooth customs clearance by prescribing system-based qualifiers linked to CIF value thresholds, origin criteria, and excluded products.

Revised Custom Tariff Values for Gold, Silver & Edible Oils wef 9th May, 2026

May 8, 2026 1332 Views 0 comment Print

CBIC amended Notification No. 36/2001-Customs (N.T.) by substituting tariff valuation tables for specified imported goods. The revised notification continues tariff values for commodities such as gold, silver, edible oils, brass scrap, and areca nuts.

DGFT notifies enlistment of 14 agencies as Pre-Shipment Inspection Agencies

May 8, 2026 366 Views 0 comment Print

DGFT notified the enlistment of fourteen new Pre-Shipment Inspection Agencies under Appendix-2G of FTP 2023. The agencies are now authorized to issue Pre-Shipment Inspection Certificates through the DGFT portal.

GSTAT Principal Bench Empowered to Hear Section 101B Appeals: CBIC

May 7, 2026 585 Views 0 comment Print

The Central Government has authorized the GSTAT Principal Bench, New Delhi, to hear appeals under Section 101B of the CGST Act. The notification gives retrospective effect from 1 April 2026 and strengthens the GST appellate mechanism.

SEBI Discontinues Investor Risk Reduction Access (IRRA) platform

May 7, 2026 378 Views 0 comment Print

SEBI stated that improved cyber resilience, alternate trading sites, and contingency trading frameworks made the IRRA platform unnecessary. The circular supersedes the earlier 2022 framework establishing the platform.

Insolvency Professional Suspended for Repeated Delays in Liquidation Compliance

May 7, 2026 306 Views 0 comment Print

The order highlights that delayed applications, late progress reports, and non-compliance with filing requirements amounted to serious procedural lapses. IBBI emphasized strict adherence to timelines under the Insolvency and Bankruptcy Code.

CBIC Notifies Samrang Border Route as Connectivity With Bhutan Needed Expansion

May 7, 2026 237 Views 0 comment Print

The Ministry of Finance has updated Notification No. 63/1994-Customs (N.T.) to notify the Samrang motorable road route for customs purposes. The change enables smoother border movement and customs administration along the Bhutan frontier.

India Post Raises Aadhaar-Based Withdrawal Limit to ₹20,000

May 7, 2026 327 Views 0 comment Print

Under SB Order No. 03/2026, customers can now withdraw up to ₹20,000 through Aadhaar authentication without submitting withdrawal forms or vouchers. The revised framework promotes seamless and paperless Post Office Savings Bank transactions.

Issuance of Foreign Exchange Management (Authorised Persons) Regulations, 2026

May 7, 2026 627 Views 0 comment Print

RBI has notified Foreign Exchange Management (Authorised Persons) Regulations, 2026 to streamline authorisation norms under FEMA. Revised framework seeks to improve foreign exchange service delivery while reducing compliance burdens for authorised entities.

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