Notification No. 59/2026-Customs (N.T.) substitutes the tariff value tables while retaining the existing customs tariff values. The revised tables become effective from 30 June 2026 without changing valuation rates.
DGFT has extended the eligibility period under Component II of the RELIEF intervention until 30 September 2026. The amendment supports exporters by addressing logistics disruptions arising from the continuing West Asia Crisis.
RBI has released draft Master Directions for Call, Notice and Term Money Markets to increase liquidity, widen market participation, and strengthen monetary policy transmission. Stakeholder comments have been invited until July 17, 2026.
RBI has released draft Directions consolidating existing rules governing secondary market transactions in Government securities into a single regulatory framework. The proposal aims to simplify compliance and improve regulatory clarity.
CBIC clarified that proceedings validly initiated before a taxpayer’s jurisdiction changes remain legally valid. The new jurisdictional officer must continue and conclude all subsequent proceedings after migration.
CBDT has approved a scientific research institution under the Income-tax Act, 2025 for tax years 2026-27 to 2030-31. The notification also prescribes compliance requirements, including filing Form 15 and issuing Form 16 to donors.
CBDT has approved the University of Hyderabad for scientific research under Section 45 of the Income-tax Act, 2025. The approval is valid for tax years 2026-27 to 2030-31, subject to prescribed compliance and reporting conditions.
The Disciplinary Committee found that the Resolution Professional delayed admission of a financial creditor’s claim and failed to progress the CIRP in accordance with the Code. The decision highlights the duty to promptly comply with tribunal orders and statutory timelines.
RBI has notified the Credit Derivatives Directions, 2026, replacing the 2022 framework. The Directions introduce a comprehensive regulatory regime for CDS, TRS, exchange-traded credit derivatives, and credit index futures with detailed participant and operational guidelines.
SEBI has introduced a lighter NISM certification for Persons Associated with Investment Advice who perform only sales and other non-core services. Core investment advisory personnel must continue to obtain the existing Level 1 and Level 2 certifications.
