Definitions for KYC Registration Agencies in the IFSC determine associate and control relationships, identify clients, regulated entities and registered agencies, and assign compliance and principal-officer responsibilities. Net Worth includes paid-up capital, eligible reserves, securities premium and profit-and-loss balances after prescribed deductions, while excluding specified revaluation, depreciation write-back and amalgamation reserves. Foreign Jurisdiction requires recognised securities-regulatory cooperation and exclusion from specified Financial Action Task Force deficiency categories. Undefined terms adopt meanings under applicable parent legislation and related laws.

KYC registration agency regulation for International Financial Services Centres bears the short title International Financial Services Centres Authority (KYC Registration Agency) Regulations, 2025. The framework is made under specified statutory powers and commences upon publication in the Official Gazette. Regulation 1 is confined to the title and commencement and does not prescribe eligibility, registration processes, operational obligations, or compliance requirements.

Appointments to Group A and Group B posts in the Goods and Services Tax Appellate Tribunal use direct recruitment, promotion, deputation, short-term contract and absorption according to each post. Registrar, Financial Advisor, Senior Accounts Officer and Accountant are deputation posts, while Legal Assistant is directly recruited. Deputy Registrar, Assistant Registrar and Assistant have prescribed promotion and deputation or absorption shares, with training and feeder-service requirements. Deputation eligibility generally requires an analogous post or specified regular service, relevant qualifications and experience, and carries prescribed tenure and age conditions.

Rule 7 preserves recruitment safeguards for Group 'A' and 'B' posts in the Goods and Services Tax Appellate Tribunal. Reservation, age-limit relaxation, and other concessions required for Scheduled Castes, Scheduled Tribes, ex-servicemen, and other special categories remain unaffected where required under Central Government orders issued from time to time.

Relaxation of recruitment rules for Group 'A' and 'B' posts may be granted where considered necessary or expedient. It may apply to any provision for a specified class or category of persons, through a written order supported by recorded reasons and made in consultation with the Union Public Service Commission.

Appointment to the specified Group 'A' and 'B' posts is unavailable to a person who marries someone with a living spouse or who, while having a living spouse, marries another person. An exemption may be granted where the marriage is permissible under applicable personal law for both parties and other grounds support exemption.

Recruitment to Group 'A' and 'B' posts in the Goods and Services Tax Appellate Tribunal is governed by prescribed recruitment methods, age-limits, qualifications and related service matters. The corresponding entries in columns (5) to (13) of the Schedule determine the applicable eligibility and recruitment conditions.

Group 'A' and Group 'B' Goods and Services Tax Appellate Tribunal recruitment posts are specified in the Schedule. Columns (2) to (4) set out the number of posts, their classification, and the corresponding Level in the Pay Matrix attached to those posts.

Application is limited to posts identified in column (1) of the annexed Schedule. The Schedule is the operative reference for determining posts covered by the recruitment rules, which apply to listed Group 'A' and Group 'B' posts of the Goods and Services Tax Appellate Tribunal under the prescribed recruitment framework.

Goods and Services Tax Appellate Tribunal, Group 'A' and 'B' Posts Recruitment Rules, 2026 regulate recruitment methods for Group 'A' and 'B' Tribunal posts. Made under the proviso to article 309 of the Constitution, the Rules take effect upon publication in the Official Gazette.

Authorised Dealers may handle export and import of goods and services, and merchanting trade, undertaken before 1 October 2026 where such transactions previously required Reserve Bank approval under the earlier export and import framework and related Master Directions. The authority applies from 1 October 2026.

Sales-confirmation material obtained after completion of assessment does not make the assessment defective merely because it was unavailable for consideration, particularly where the assessee did not furnish confirmations despite a notice seeking them. Judicial review under Article 226 is confined to jurisdictional error or breach of natural justice and is not a substitute for statutory appellate scrutiny on the merits. Where neither jurisdictional error nor a natural-justice violation is shown, challenge to the assessment must proceed through the available statutory appeal rather than writ intervention.

Provisional attachment of bank accounts under the Central Goods and Services Tax Act, 2017 ceases to have legal effect one year after the attachment order. The statutory time limit applies to every attachment made under the provisional-attachment power and prevents its continuation beyond that period. Where the one-year period has elapsed, the bank-account attachment cannot remain operative.

Draft Warehousing Operations Regulations, 2026 would require public and private warehouse licensees to use the electronic portal and a digital warehouse management system for receipt, storage, transfers, removals and accounting of warehoused goods. Transport would generally require a one-time-lock and transit-risk insurance, subject to specified exemptions. Licensees would verify locks and goods, report discrepancies, maintain auditable electronic records, submit monthly returns, and permit removals for home consumption or export only upon electronic clearance orders. Non-confirmation, discrepancies and contraventions would trigger information demands, risk-based verification and action under the Customs Act.

MOOWR licensing permits duty-deferred storage, manufacture and other operations involving imported goods in a private warehouse. Customs duty and import IGST are deferred until finished goods are cleared into the domestic market, while exports do not attract import duty. The issue raised is whether supply of welding machines to a customer procuring equipment under this arrangement should receive treatment comparable to a high-seas sale.

Technology risk governance must treat technology architecture as a first-order enterprise risk, alongside conventional financial risks, because the availability and integrity of core banking, payments, onboarding, credit, fraud-monitoring and reporting systems determine whether customers can access essential financial services. Banks may outsource technology functions but retain accountability for access controls, concentration, recoverability, data protection and exit options. Effective resilience requires secure architecture, asset visibility, timely remediation of vulnerabilities and legacy systems, identity and access management, effective controls, third-party oversight, post-incident learning, and regular recovery testing.

Section 12AB(1)(b) permits registration to be granted or rejected only upon prescribed statutory satisfaction; it does not authorise conditional registration or suspension of an approved registration's effect pending future litigation. A quasi-judicial authority may exercise only powers expressly conferred, and any later cancellation or withdrawal must follow the statutory mechanism. Accordingly, a condition making charitable registration and consequential tax benefits contingent on future Supreme Court proceedings is ultra vires and ineffective; registration operates according to law without that contingency.

Under the Transactional Net Margin Method, comparable companies must be functionally similar to the tested party. A mixed technical and software service provider without reliable segmental information cannot be benchmarked against a software-development service provider, particularly where an exceptionally high margin requires examination of normal business conditions; it should be excluded. Likewise, a company undertaking digital publishing, typesetting, digitisation, and content or product development performs knowledge-process functions rather than routine ITES and should be excluded. Transfer-pricing benchmarking must proceed using comparable sets stripped of functionally dissimilar entities.

Regulation 5 periods are reduced from fifteen months to nine months and, under the first proviso, from eighteen months to twelve months. Exporters on the Caution List as of 30 September 2026 remain governed by earlier listing orders until removal. Authorised Dealers may handle pre-1 October 2026 export, import and merchanting trade transactions that previously required approval under the earlier framework.

A common adjudicating authority is appointed for R&M India Pvt. Ltd., Bengaluru, to adjudicate identified customs show cause notices. The Principal Commissioner/Commissioner of Customs, Airport and Air Cargo Commissionerate, Bengaluru, is designated to exercise the powers and discharge the duties of the specified Deputy Commissioner of Customs and Assistant Commissioner of Customs in relation to those proceedings.