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CBIC Mandates Compliance on Mobile Export Drawback Due to SC Ruling

March 19, 2026 1161 Views 0 comment Print

CBIC directed strict adherence to court rulings on duty drawback for unlocked mobile exports. The Supreme Court upheld the High Court decision and dismissed review petitions.

DGFT Deletes Policy Condition Under Chapter 95 Import Rules With Immediate Effect

March 18, 2026 1365 Views 0 comment Print

The notification removes Policy Condition No. 2(iii) from Chapter 95 of ITC (HS). This change alters the applicable import policy framework with immediate effect.

IBBI Penalizes Insolvency Professional for Non-Compliance with Tribunal Directions

March 18, 2026 360 Views 0 comment Print

The case involved failure to attend hearings and file an affidavit as directed. The Committee imposed a penalty and warning, emphasizing strict compliance with tribunal orders.

Corporate Laws (Amendment) Bill, 2026 introduced in Lok Sabha

March 18, 2026 7407 Views 0 comment Print

The amendments permit specified trusts to convert into LLPs with continuity of assets and liabilities. The key takeaway is simplified restructuring without disrupting operations.

FSSAI Launches Food Recall System on FoSCoS to Improve Monitoring and Transparency

March 18, 2026 663 Views 0 comment Print

The authority introduced a digital system to track and manage food recalls. It enables regulators, businesses, and consumers to access real-time recall information.

CBDT Orders Income Tax Offices to Remain Open on 31 March 2026 Despite Holiday

March 18, 2026 2262 Views 0 comment Print

The board directed offices to function on Mahavir Jayanti. The move ensures completion of financial year-end work without disruption.

FSSAI Clarifies ONDC Compliance Rules Due to Multi-Entity E-commerce Model

March 18, 2026 918 Views 0 comment Print

FSSAI has issued detailed guidelines dividing responsibilities between buyer and seller apps in the ONDC model. The order ensures accountability, food safety, and regulatory compliance in decentralized e-commerce transactions.

FEMA Adjudication Limits Revised to Expand Jurisdiction of Enforcement Officers

March 18, 2026 876 Views 0 comment Print

The government amended monetary limits for ED officers handling FEMA cases. It allows broader jurisdiction to improve efficiency in adjudication of foreign exchange violations.

CBDT Grants Sec 35 Research Approval to G.S.L. Medical College & General Hospital

March 18, 2026 489 Views 0 comment Print

The notification grants scientific research approval enabling donors to claim tax deductions under Section 35. It mandates strict compliance with reporting and certification requirements.

CGST Issues Advisory Warning Against Fake GST Officers Impersonating Tax Officials

March 17, 2026 774 Views 0 comment Print

The Bengaluru CGST zone cautioned taxpayers about individuals posing as GST officers. Taxpayers were advised to verify officer identity, authorization, and DIN before allowing inspections.

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