CBIC issued Notification No. 47/2026-Customs (N.T.) continuing existing tariff values for key imported commodities including palm oil, gold, silver, and brass scrap. The notification clarifies applicable customs valuation rates effective from 20 May 2026.
The Central Government directed provisional assessment of imports of anodized aluminium frames for solar panels from a Chinese exporter during an ongoing new shipper review. Importers may face retrospective anti-dumping duty liability depending on the final outcome of the investigation.
The amendment bars related parties, recent auditors, and connected persons from acting as registered valuers in pre-pack insolvency proceedings. The revised rules aim to ensure impartial and conflict-free valuation processes.
The IBBI amended the Liquidation Process Regulations, 2016 to allow appointment of one registered valuer for each asset class in MSME liquidation cases. The change is aimed at reducing costs and simplifying the liquidation framework for smaller businesses.
The IBBI amended the CIRP Regulations, 2016 to permit appointment of one set of registered valuers for MSME corporate debtors. The change aims to reduce costs and streamline insolvency resolution for small businesses.
ROC Patna penalized a company and its managing director for non-filing of annual return for FY 2018-19. The order highlights strict enforcement of Section 92 compliance under the Companies Act, 2013.
The Registrar of Companies held that continued non-filing of annual return violated Section 92(4) of the Companies Act, leading to penalties on both the company and its managing director.
ROC Patna penalized a company and its managing director for failure to file annual returns under Sections 92(4) and 92(5) of the Companies Act, 2013. The order highlights strict consequences for continued annual compliance defaults.
ROC Patna imposed penalties on a Nidhi company and its Managing Director for failure to file the annual return under Section 92 of the Companies Act, 2013. The annual return remained unfiled despite issuance of adjudication notice and hearing opportunity.
ROC Patna penalized a company and its Managing Director for failing to file the annual return for FY 2023-24. The order highlights strict enforcement of Section 92 compliance under the Companies Act, 2013.
