Notification No. 19/2026-Central Excise revises the SAED rate on exports of high-speed diesel oil outside India to Rs. 23 per litre from May 1, 2026.
The government has amended multiple customs notifications to update tariff classifications across sectors. The move ensures uniformity and reduces ambiguity in exemption eligibility.
SEBI streamlined the PPM approval process to address delays in launching AIF schemes. The new mechanism allows quicker market entry while shifting disclosure responsibility to intermediaries.
The issue involved providing paid stock tips and trading advice without SEBI registration. SEBI held such activities illegal and ordered refunds with penalties. The key takeaway is that unregistered advisory services attract strict regulatory action.
RBI notified the Foreign Exchange Management (Authorised Persons) Regulations, 2026 introducing revised eligibility, compliance, and operational conditions for authorised persons. The regulations also restructure forex operations through new categorisation and oversight mechanisms.
The Authority found that core survey functions were carried out by unlicensed personnel. It held that such outsourcing violated regulatory norms and warranted licence cancellation.
The regulator cancelled a surveyor’s licence after finding false records, mismatched filings, and inaccurate disclosures. The ruling highlights strict compliance expectations in maintaining survey data.
The case involved submission of a forged diploma for obtaining and renewing a licence. The Authority held that continued reliance on a known fake document amounted to misrepresentation and cancelled the licence.
CBIC updated tariff values for key commodities including oils, gold, and silver. The revision ensures accurate customs valuation aligned with current market prices.
The government has introduced clear procedures for applying and allocating wheat export quotas. Strict eligibility, timelines, and reporting requirements must be followed.
