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.
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.
Finance Ministry increases Special Additional Excise Duty on high speed diesel to Rs 24 per litre by amending Eighth Schedule, effective immediately.
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.
The notification introduces mandatory veterinary certification requirements for feather exports. The key takeaway is stricter compliance while retaining free export status.
The government restricts the mandatory inspection certificate requirement to EU nations and select European countries. Exporters shipping to other European regions get a six-month compliance relief, simplifying export procedures.
DGFT has extended the deadline for TRQ applications under key trade agreements to 25 April 2026. The update ensures additional time for applicants while maintaining existing FTP conditions.
The DGFT issued procedures for CPC and RPC import allocation following CAQM directions based on Supreme Court orders. The ruling enforces quantity caps and mandates case-by-case allocation within prescribed limits.
The issue was whether deductions like commission affect export benefits. The circular clarifies that full FOB value is allowed unless deductions exceed 12.5%.
The issue was handling export cargo affected by maritime disruption. The circular permits LEO cancellation and flexible movement of goods for re-routing or return.
