While certain customs exemption notifications stand rescinded, the government has ensured no retrospective impact. The ruling draws a clear line between past compliance and future liability.
The government has amended an existing customs notification to replace references to the Baggage Rules, 2016. The key takeaway is alignment of customs provisions with the new baggage framework.
The government has revised customs exemptions by inserting new tariff headings and omitting select entries. The key takeaway is a targeted rationalisation of duty benefits effective from April–May 2026.
The government has comprehensively amended customs duty exemptions by withdrawing many entries from April–May 2026 while extending several strategic exemptions up to March 2028. The move realigns incentives with policy priorities in energy, defence, healthcare, and manufacturing.
The government has extended the validity of multiple customs exemption notifications up to 31 March 2028. The key takeaway is continued duty relief and certainty for eligible imports.
Summary of the Finance Bill, 2026 outlining income-tax rates, surcharge structure, threshold relief, amendments across direct and indirect taxes, and the introduction of a disclosure scheme, based strictly on the Bill as introduced.
The Budget 2026 changes overhaul customs duty structures by moving rates into the tariff and pruning exemptions. The key takeaway is greater predictability, fewer notifications, and phased withdrawal or extension of concessions.
Gross GST collections touched ₹1.93 lakh crore in January 2026, supported by robust growth in IGST from imports. The figures indicate steady tax buoyancy despite higher cumulative refunds.
Due to sharp fluctuations in gold and silver prices, the exchange has reset ETF reference prices to the previous day’s close. A 20% price band will apply for trading on 2 February 2026 to maintain market stability.
A trade notice outlines multiple GST system upgrades including audit case management, refund processing improvements, and new registration features. The update also introduces enhanced search functions and automated compliance tools.
