Retrospective application of beneficial circulars upheld, binding officers and granting post adjudication relief where adjudication occurred after cir...
Admissibility of Investigation Statements requires witness examination before the adjudicating authority; otherwise statements cannot sustain a penalt...
Transaction value and connected person treatment in excise valuation: proprietary concerns not inter connected undertakings, relief on valuation and c...
Amendments to the Foreign Exchange Management (Borrowing and Lending) Regulations, 2026 consolidate External Commercial Borrowing (ECB) provisions and certain INR borrowing rules into the Regulations and remove overlapping provisions from existing Master Directions and ECB FAQs; specifically, specified paragraphs of the Master Direction on ECB and of the Master Direction on INR borrowing by residents and Part I of the ECB FAQs are deleted. Authorised Dealer Category I banks must apply the amended Regulations when facilitating covered borrowing and lending transactions and notify affected customers; the changes are issued under statutory FEMA powers.
Amendments to the Foreign Exchange Management (Borrowing and Lending) Regulations, 2026 consolidate External Commercial Borrowing (ECB) provisions and certain INR borrowing rules into the Regulations and remove overlapping provisions from existing Master Directions and ECB FAQs; specifically, specified paragraphs of the Master Direction on ECB and of the Master Direction on INR borrowing by residents and Part I of the ECB FAQs are deleted. Authorised Dealer Category I banks must apply the amended Regulations when facilitating covered borrowing and lending transactions and notify affected customers; the changes are issued under statutory FEMA powers.
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