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News and Press Release
Dated:- 25-9-2026
The Government of India has approved a one-time, interest-free loan of Rs.50,000 per barn for FCV tobacco growers in Andhra Pradesh under the Interest-Free Working Capital Assistance Scheme, providing timely financial support to growers amid evolving global market conditions. Auctions for the 2025-26 crop season in Andhra Pradesh commenced on 25 March 2026, with approximately 100 million kg of Flue-Cured Virginia (FCV) tobacco auctioned so far. FCV tobacco is predominantly cultivated in Andhr... ... ...

FEMA & RBI
Dated:- 25-9-2026
In order to enable institutional and retail investors to plan their investments efficiently and to provide transparency and stability to the Government Securities market, the Government of India (GoI), in consultation with the Reserve Bank of India (RBI), hereby, releases the indicative calendar for issuance of Government of India dated securities, including Sovereign Green Bonds (SGrBs), for the second half of the fiscal year 2026-27 (October 01, 2026 to March 31, 2027). The issuance calendar i... ... ...

FEMA & RBI
Dated:- 25-9-2026
The Government of India, in consultation with the Reserve Bank of India (RBI), has decided to borrow Rs.7,86,000 crore in the second half (H2) of FY 2026-27. This includes Sovereign Green Bonds (SGrBs) issuance of Rs.15,000 crore During FY 2026-27, Government of India is expected to have Market Borrowing of Rs.15,99,506 crore through dated securities, as compared to Budget Estimates of Rs.17,20,000 crore for FY 2026-27. The gross market borrowing of Rs.7,86,000 crore in H2: 2026-27 shall b... ... ...

2019 (3) TMI 2116
Case Laws Service Tax
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SULEKHA BEEVI C.S., MEMBER (J) AND MADHU MOHAN DAMODHAR, MEMBER (T) For the Appellant : Ms. Radhika Chandrasekhar, Adv. For the Respondent Shri B. Balamurugan, AC (AR). ORDER 1. After hearing both sides, we find that the issue comes for dispute involved demand of service tax in respect of the difference between the price as per the rate list of the airline and the selling price, namely, profit made on the difference between the purchase rates and the sold freight rate. We find that t... ... ...

Circular No. 43/2026 Dated:- 24-9-2026 Circular Dated:- 24-9-2026 Circular
Preferential tariff claims must follow the Rules of Origin under the relevant trade agreement, which prevail over CAROTAR, 2020 in case of conflict. Under the India-UK CETA, a valid Origin Declaration supports preferential treatment without Form-I at the Bill of Entry stage. Origin-related information may be requested only where justified by risk-based checks and reason to doubt compliance. Earlier preference denials may apply to subsequent identical goods only after allowing the importer to furnish additional origin information.

Notification No. G.S.R. 193(E) Dated:- 13-3-2024 Information Technology
The Indian Cyber Crime Coordination Centre (I4C) of the Ministry of Home Affairs is designated as the agency to perform functions under section 79(3)(b) of the Information Technology Act, 2000. Its function includes notifying instances where information, data or communication links residing in or connected to computer resources controlled by intermediaries are used to commit unlawful acts.

Customs, DGFT & SEZ
Dated:- 25-9-2026
APEDA facilitated the export of a one-metric-tonne consignment of GI-tagged Gulbarga Tur Dal from Karnataka to the Maldives through an FPO-led brand. Gulbarga Tur Dal has held GI registration since 2019. The export-linked channel provides farmers a realisation of Rs.82 per kg compared with a prevailing market price of Rs.60 per kg, while supporting closer integration of FPOs and farmers into export-oriented supply chains.

GST
Dated:- 25-9-2026
Deliberations covered GST rationalisation, refund delays, audit duration, amnesty schemes, input tax credit anomalies and pending appeals, alongside proposed inclusion of traders in MSME facilitation committees, a centralised loan portal with a 30-day timeline, CIBIL score reforms and grievance helplines. Trader welfare measures considered timely contractor payments, safeguards against technical penalties, loan-repayment flexibility during lean periods and stronger Centre-State coordination.

Notification No. S.O. 4705(E) Dated:- 24-9-2025 Information Technology
Computer resources supporting the Public Financial Management System application, including modules, web portals, databases and associated dependencies, are declared protected systems under section 70 of the Information Technology Act, 2000. Access is restricted to designated employees, authorised service-provider or vendor personnel requiring need-based access, and authorised consultants, regulators, government officials, auditors or stakeholders requiring case-specific access. Written authorisation from the Public Financial Management System is required for each category.

Customs, DGFT & SEZ
Dated:- 25-9-2026
Intelligence-led interception and baggage examination identified foreign-origin gold converted into fine powder and mixed with packaged food products of similar colour, texture and consistency. Segregation and assaying yielded 9.40 kg foreign-origin gold, which was seized under the Customs Act, 1962. Questioning linked the passengers to the same organised gold-smuggling syndicate, and they were arrested under that Act.

Customs, DGFT & SEZ
Dated:- 25-9-2026
Intelligence-led customs enforcement in Mizoram and Assam resulted in seizure, under the Customs Act, 1962, of suspected foreign-origin areca nuts and poppy seeds believed on preliminary inquiry to have been smuggled from Myanmar. Searches of locked, unattended godowns near the Indo-Myanmar border recovered the commodities, while interception of two trucks carrying poppy seeds without valid import documents led to seizure of the consignments and vehicles. Four persons connected with transportation of the poppy seeds were arrested.

Customs & Trade
Dated:- 25-9-2026
PTI
IEC 62443-3-3 Security Level 2 certification applies to a wind farm control system covering SCADA, PPC, PLC and industrial network devices. It assesses system-level security requirements, including the interaction of components, networks and security mechanisms within an overall industrial control environment. The cybersecurity framework also spans secure development, certified core control components, system-level protection, and security integration and maintenance services across the lifecycle of wind energy technologies.

FEMA / RBI
Dated:- 25-9-2026
PTI
India's foreign exchange reserves declined by USD 14.881 billion to USD 765.901 billion for the week ended 18 September 2026. The contraction was principally driven by a reduction in foreign currency assets, which also reflect valuation effects from movements in non-US reserve currencies. Gold reserves increased, while Special Drawing Rights decreased and the reserve position with the International Monetary Fund remained reported separately.

FEMA / RBI
Dated:- 25-9-2026
PTI
Five-day banking remains under governmental consideration, with no Finance Ministry commitment to implementation. Unions linked the proposal to the 12th Bipartite Settlement/9th Joint Note, which contemplated extended Monday-to-Friday working hours. Family pension revision and a pension option for resignees were identified as addressed, while withdrawal of the Performance Linked Incentive scheme remains in abeyance. Public sector banks were instructed to remain open on the preceding Sunday, and central government salaries, wages and pensions were directed to be disbursed in advance.

Customs & Trade
Dated:- 25-9-2026
PTI
Alternative-fuel and public-transport measures seek to reduce dependence on imported petroleum, curb air pollution, and support farmer income and employment. Ethanol is positioned as a farm-income source through increased demand and returns for maize growers, alongside electricity, hydrogen and waste-derived CNG. Development and introduction of flex-fuel vehicles, using engines capable of operating on ethanol, electric tractors, hydrogen-powered vehicles and hydrogen buses form part of a cleaner-mobility strategy.

FEMA / RBI
Dated:- 25-9-2026
PTI
Foreign-exchange market conditions supported a 19-paise appreciation of the rupee to 95.80 against the US dollar, aided by improved global risk sentiment and expectations of Reserve Bank intervention. Dollar demand from importers, high crude prices and US dollar strength constrained gains. Lower crude prices and dollar weakness could support the rupee, while geopolitical escalation may create pressure. Market participants expected intervention if the currency weakened toward 96.

FEMA / RBI
Dated:- 25-9-2026
PTI
Credit health is broader than a numerical credit score and encompasses the way credit has been managed over time. Credit analysis requires a combined review of the score, repayment history, credit accounts, credit utilisation, credit history and credit enquiries. A credit report may identify management of EMIs and credit-card dues, existing borrowing obligations, use of revolving credit relative to available limits, and recent lender checks associated with credit applications. Incorrect or unfamiliar entries may be reviewed and, where necessary, raised with the relevant lender or credit bureau.

Customs & Trade
Dated:- 25-9-2026
PTI
European fuel-price intervention combines targeted subsidies, fuel-tax reductions, temporary regulatory flexibilities and energy-security investment to moderate the economic effects of sharply higher gasoline and diesel prices caused by disrupted supplies. Member States have temporary discretion to grant state aid to households and energy-intensive sectors, including agriculture, transport and fishing, and limited flexibility under EU spending rules for investments that improve energy security and reduce dependence on imported fossil fuels.

Customs & Trade
Dated:- 25-9-2026
PTI
ISO/IEC 42001:2023 certification applies to an Artificial Intelligence Management System governing AI development, deployment, oversight and continual improvement within the GRAVTY platform. The framework supports AI-related risk management, responsible governance, transparency, accountability, security and human oversight throughout the AI lifecycle. Its scope includes supervised and unsupervised learning models and large language models supporting personalised engagement, fraud management, loyalty intelligence, autonomous decision-making, operational automation and workflow support.

2026 (7) TMI 250 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL PRINCIPAL BENCH, NEW DELHI AT
Related-party classification under section 5(24) of the Insolvency and Bankruptcy Code extends to an upstream body corporate where the corporate debtor is its step-down subsidiary, even without direct shareholding. Companies Act concepts permit subsidiary status through control exercised by another subsidiary of the holding company. Board-composition control is an independent basis for related-party status. A related financial creditor is excluded from representation, participation and voting in the Committee of Creditors under the first proviso to section 21(2), subject to the limited statutory exception.

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