Specific IGST entry for plain shaft bearings prevails over general tariff treatment, securing the lower 18% rate.
Continuing guarantee, limitation and proof of default were upheld in personal guarantor insolvency proceedings; bias allegation left open.
Liquidation process reforms tighten creditor control, shorten timelines, and restrict asset sales and filings under updated IBBI regulations.
Bankruptcy process for personal guarantors is amended with new asset-transfer coordination, creditor approval, and circular-notified forms.
Personal guarantor insolvency rules expand asset disclosure, replace forms by circular, and add transfer coordination safeguards.
Voluntary liquidation rules updated with claim deadlines, reasoned rejection of claims, and a new termination framework.
Pre-packaged insolvency filing requirements updated with Board-notified formats and revised document disclosures for applicants.
Information Utilities rules updated to replace schedule forms with Board-notified formats and refine dispute authentication records.
Inspection and investigation rules amended to broaden references, clarify disciplinary directions, and replace Form A with notified format.
Countervailing duty on textured tempered glass from Malaysia renewed for five years, with producer-specific rates and invoice conditions.
QCO exemption for SEZ imports now extends to permissible goods, with DTA clearance still subject to BIS compliance.
Export policy alignment notice seeks comments on wide-ranging HS code and chapter note updates under Finance Act 2026.
Risk-based vessel boarding at JNCH shifts Customs checks to advance profiling and strengthens Master and Agent declaration duties.
Manual Customs Pass validity extended for Customs Brokers, with QR code pass conditions otherwise unchanged.
FTP interpretation references must be routed through Customs channels, with direct DGFT correspondence barred and pending clearances minimised.
Protected systems access rules prohibit credential sharing, require personal control of passwords and OTPs, and mandate prompt breach reporting.
CGST search, sealing and provisional attachment upheld where statutory remedies were available and taxpayer did not cooperate.
Alternate statutory remedy in tax disputes: writ petition dismissed; GST officers held competent under delegated powers.
Restoration of cancelled GST registration permitted after pending returns and statutory dues are filed and verified.
Pre-show-cause GST settlement right upheld: assessee may discharge demand with tax, interest and reduced penalty if timely invoked.
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