The 2026 amendment revises the definition of fair value to include tangible, intangible assets and underlying synergies, and mandates a structured multi-valuer mechanism. It also prescribes clearer timelines and introduces safeguards where valuation estimates differ significantly.
The Directorate General of Foreign Trade has extended the last date for filing TRQ applications for FY 2026-27 to 15.03.2026. The extension applies to quotas under key FTAs including Sri Lanka, Mercosur, Mauritius, Nepal, and UAE agreements.
DGFT has laid down detailed procedures for applying and allocating wheat export authorizations under the 25 LMT quota. Applications must be filed online within a specified monthly window and meet eligibility criteria.
The government has notified procedures for export authorization of an additional 5 LMT of wheat flour under HS Code 1101. Applications must be filed online within a fixed window and will be allocated by a Special EFC based on eligibility and export performance.
The notification substitutes revised tariff value tables for edible oils, precious metals and areca nuts. While tables are formally updated, most tariff values remain unchanged, effective 25 February 2026.
ICAI has established a new branch in Korba under Regulation 159 to expand its regional presence. The move enhances administrative reach and professional engagement in nearby areas.
ICAI has modified its earlier notification to remove Jhalawar from the Kota Branch jurisdiction. The change, effective February 2026, reflects administrative restructuring under the Chartered Accountants Regulations.
IFSCA released draft regulations mandating authorisation, net worth, risk management, and governance standards for Electronic Trading Platforms in IFSCs. Cryptocurrencies are expressly barred from trading under the proposed framework.
The Disciplinary Committee held that reconstituting the Committee of Creditors without authority and filing contradictory affidavits misled the Adjudicating Authority. The IP’s registration has been suspended for three years.
The Government has retained wheat exports as “Prohibited” but allowed shipment of 25 Lakh Metric Tonnes under specified conditions. Detailed modalities will be notified separately, maintaining regulatory control.
