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Notifications/Circulars

No Penalty for Annual Return Delay as CIRP Filing via GNL-2 is Valid Compliance

April 13, 2026 279 Views 0 comment Print

The case involved non-filing of annual return under Section 92(5). The authority held that filing through GNL-2 by the RP during CIRP constituted valid compliance, resulting in no penalty.

ICAI Removes Member for One Year Due to Proven Professional Misconduct

April 13, 2026 471 Views 0 comment Print

The issue involved disciplinary action for professional and other misconduct under the Chartered Accountants Act. The authorities held the member guilty, and the penalty of removal was upheld through appeal and enforced after court dismissal.

Delimitation Bill, 2026 introduced in Lok Sabha (Read Bill)

April 11, 2026 1008 Views 0 comment Print

The Bill mandates seat allocation using updated census figures, replacing decades-old data. It ensures fair representation aligned with current population realities.

Govt Raises RIC on Diesel Exports to Rs 31.5/Litre

April 11, 2026 1710 Views 0 comment Print

The government amended the excise notification to revise the duty rate to Rs. 31.5 per litre. The change is effective immediately and reflects a targeted rate adjustment.

Govt Raises SAED on ATF Exports to Rs 42/Litre

April 11, 2026 609 Views 0 comment Print

Finance Ministry amends Notification 08/2026 to raise SAED on export of ATF to Rs 42 per litre, effective immediately from April 11, 2026.

Govt Raises SAED on Diesel Exports to Rs 24/Litre

April 11, 2026 456 Views 0 comment Print

The government amended an earlier excise notification to revise the applicable rate to ₹24 per litre. The change has been made in public interest and takes effect immediately. It ensures consistency with recent duty revisions and impacts applicable petroleum product taxation.

Road and Infrastructure Cess on Diesel Increased to Rs. 36 per Litre

April 11, 2026 828 Views 0 comment Print

Government has increased Road and Infrastructure Cess on high speed diesel to ₹36 per litre through a new notification. The change has been implemented with immediate effect, citing urgent fiscal requirements.

Govt Raises SAED on High Speed Diesel to Rs 24/Litre

April 11, 2026 690 Views 0 comment Print

Finance Ministry increases Special Additional Excise Duty on high speed diesel to Rs 24 per litre by amending Eighth Schedule, effective immediately.

DGFT Extends $1400/MT MEP on Natural Honey Exports till December 31, 2026

April 10, 2026 267 Views 0 comment Print

The amendment extends the MEP of USD 1400 per metric ton for honey exports. The ruling does not introduce new conditions but prolongs the existing framework. Exporters must comply with the unchanged threshold.

DGFT Revises Export Policy for Feathers & Skins in Line with EU/UK Norms

April 10, 2026 399 Views 0 comment Print

The notification introduces mandatory veterinary certification requirements for feather exports. The key takeaway is stricter compliance while retaining free export status.

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