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    Revision in E-Way Bill and Consolidated E-Way Bill Numbering Formats w.e.f. 1 January 2027
    NLMC Successfully Concludes Second Phase of RINL Land E-Auction at Visakhapatnam on 3rd November 2026, Generates ₹218 Crore in Successful Bids
    APEDA Facilitates Trial Export of 1.5 MT of Arunachal Pradesh Kiwi to Dubai
    APEDA Facilitates Export of 1.3 MT of Sinduri Pomegranates from Kullu to Dubai
    Leading Today, Building for Tomorrow - Special address by Shri Swaminathan J, Deputy Governor at the Leadership Conference of Indian Bank in Chennai o...
    NLMC Organises Pre-Bid Meeting for E-Auction of 5.119-Acre HIL (India) Limited Land Parcel in New Delhi
    Commerce and Industry Minister Shri Piyush Goyal Calls Upon Youth to Lead India’s Journey Towards Becoming a Developed Nation by 2047
    Commerce and Industry Minister Shri Piyush Goyal Chairs Roundtable on Strengthening India’s Biopharma Startup Ecosystem and Accelerating Bioeconomy ...
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November 7, 2026
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Narcotics regulation combines licit poppy cultivation oversight, trafficking enforcement, digital trade licensing and youth-focused drug prevention.
The Central Bureau of Narcotics oversees licit opium poppy cultivation and imports and exports of narcotic drugs, psychotropic substances and precursor chemicals, while conducting intelligence-driven enforcement against trafficking under the Narcotic Drugs and Psychotropic Substances Act, 1985. Licences, permits, certificates and other documents are processed through the ICEGATE SWIFT 2.0 single-window system, which handles more than 15,000 import and export applications annually. Planned measures include advanced crop tracking, expanded alternative development and a dedicated division to monitor high-risk non-scheduled industrial chemicals.
November 6, 2026
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Bilateral trade and investment cooperation spans electronics, pharmaceuticals, agriculture and emerging technologies, with business engagement exploring commercial opportunities.
Bilateral trade, investment and technological cooperation between India and Hungary were the focus of ministerial meetings and business engagements during a visit to Hungary from 4 to 6 November 2026. A meeting with Hungary's Minister of Science and Technology explored collaboration in emerging technologies, research and innovation between industries and research institutions. The accompanying Indian business delegation interacted with Hungarian trade and investment organisations and held business-to-business meetings with Hungarian companies to explore trade, investment and commercial opportunities.
November 6, 2026
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Rooftop solarisation across feasible administrative buildings follows assessments of roof access, ownership, shadow profiles and load-bearing capacity.
Rooftop solarisation covers all 2,576 buildings identified as feasible among 4,144 buildings of organisations under the Department of Financial Services' administrative control. Fully commissioned solar photovoltaic plants provide an aggregate installed capacity of 61.50 MW. Feasibility assessments considered roof-access rights, building ownership, shadow profiles and load-bearing parameters. The Department received the PM Surya Ghar Excellence Award, second position in the category for maximum buildings solarised by central ministries and departments, on 5 November 2026.
November 6, 2026
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Conflict diamond certification and responsible sourcing take centre stage in discussions on compliance, digitalisation and industry governance.
Working body chairs and vice-chairs discussed work plans and matters proposed for plenary consideration, including draft administrative decisions, responsible sourcing initiatives, improvements to statistical reporting, institutional governance and participant compliance. Further discussions addressed potential reform of the conflict diamond definition, digitalisation of certification and statistics, sustainable funding and continuity of the secretariat, and effective reporting and peer review. Participants also considered artisanal and alluvial production, the sustainability of producing countries and communities, and compliance with scheme minimum requirements.
November 6, 2026
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Priority sector lending targets and classification face proposed consolidation across bank categories, with public feedback invited on entity-specific drafts.
Priority sector lending targets and classification are the subject of proposed consolidated directions following a review of existing instructions. Separate drafts are proposed for commercial banks, small finance banks, local area banks, regional rural banks and urban co-operative banks. The proposals consolidate existing instructions on an entity-specific basis; instructions omitted from the consolidated drafts are to be repealed following issuance of the directions, with the repeal to be notified separately. Public comments or feedback on the drafts may be submitted by 26 November 2026 through the Connect 2 Regulate section of the Reserve Bank's website, using the relevant link for each draft, or by email.
November 5, 2026
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Tax devolution was advanced ahead of the festive season to support capital spending and development and welfare expenditure.
Regular tax devolution of Rs. 1,09,019 crore was released by the Union Government to State Governments on 5 November 2026, ahead of its normal monthly release date of 10 November 2026. The instalment was advanced in view of the festive season to enable States to accelerate capital spending and finance development and welfare expenditure.
November 5, 2026
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Surplus public asset monetisation proposals require delegated approval and prescribed procedures, supported by valuation and competitive price discovery.
Monetisation proposals for surplus land and buildings of Central Public Sector Enterprises (CPSEs), involving assets valued at over Rs.1,100 crore, have been recommended by the Inter-Ministerial Group for consideration and approval by the Cabinet-delegated Alternative Mechanism. Further monetisation activities are to follow the requisite approvals in accordance with prescribed procedures. The programme aims to realise the economic potential of surplus and underutilised public assets through systematic assessment, professional transaction preparation and competitive price discovery.
November 5, 2026
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Alternative dispute resolution collaboration targets professional training, MSME mediation and policy research to strengthen institutional arbitration and mediation.
Alternative dispute resolution capacity building is the focus of a memorandum of understanding between the Indian Institute of Corporate Affairs and the International Arbitration and Mediation Centre. The collaboration aims to strengthen institutional cooperation and professional excellence in arbitration, mediation and corporate affairs. It envisages customised short- and long-term courses, workshops, seminars and other skills programmes to develop arbitrators, mediators and dispute resolution professionals. Structured programmes, joint initiatives and policy-oriented research are also contemplated, drawing on the institutions' expertise and resources.
November 5, 2026
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Competition approval for securities subscription enables investment in renewable power generation and battery energy storage operations.
The Competition Commission of India has approved Sapphire US HoldCo (USA), LLC's subscription of certain securities of Gentari Renewables India Pte. Ltd. The proposed combination involves investment in a company engaged in power generation through renewable energy sources and battery energy storage solutions in India. Sapphire US HoldCo is a special purpose vehicle incorporated solely for the proposed transaction and is indirectly owned by vehicles or accounts advised and managed by various subsidiaries of KKR & Co. Inc.
November 5, 2026
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Banking business acquisition on a slump sale basis receives competition approval alongside contemplated investment advisory and portfolio management referrals.
Competition Commission of India approval covers Kotak Mahindra Bank Limited's acquisition of Deutsche Bank Aktiengesellschaft's retail banking, private banking and wealth management business conducted through its Indian branches. The acquisition is structured as a going-concern transfer on a slump sale basis. The parties also contemplate affiliate-level referral arrangements for customers of Deutsche Investments India Private Limited's investment advisory and portfolio management businesses to relevant wholly owned subsidiaries of Kotak Mahindra Bank. Deutsche Investments India Private Limited is an indirect wholly owned subsidiary of Deutsche Bank.
November 4, 2026
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E-Way Bill numbering changes propose longer identifiers, with system modifications advised and sandbox testing planned before implementation.
Proposed E-Way Bill numbering changes would increase the E-Way Bill number from 12 to 14 digits and the Consolidated E-Way Bill number from 10 to 11 digits, with effect from 1 January 2027. Taxpayers, GSPs, ERP and software providers, and API integrators are advised to modify applications, APIs, database schemas and validation rules to accommodate the revised formats. The changes are to be released in the Sandbox environment for testing, with relevant details to be published on the E-Way Bill Portal.
November 4, 2026
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Surplus public land monetisation through competitive e-auctions uses reserve prices and market bidding to support asset price discovery.
In the second phase on 3 November 2026, 114 parcels attracted successful bids totalling Rs.218 crore against an aggregate reserve price of Rs.184.81 crore, a premium of 17.96%. Across both phases, 264 parcels attracted Rs.584.33 crore in successful bids against a combined reserve price of Rs.497.29 crore, a 17.50% premium. NLMC plans a third round for the remaining unsold parcels, subject to applicable approvals and conditions; its schedule and other details are to be announced in due course.
November 4, 2026
Show AI Summary
Kiwi export market development links local growers with overseas retail testing of consumer demand, packaging and quality expectations.
Kiwi export promotion from Arunachal Pradesh involves a trial shipment of 1.5 metric tonnes from Ziro to Dubai, facilitated by the Agricultural and Processed Food Products Export Development Authority (APEDA). Retail-level consumer tasting and feedback are intended to assess acceptance and potential demand, as well as preferences and expectations concerning quality, packaging and presentation. The findings may help growers, cooperatives and exporters prepare for future commercial shipments and identify market opportunities.
November 4, 2026
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Agricultural export facilitation connects pomegranate farmers and producer organisations with international markets through direct procurement and exporter coordination.
Agricultural export facilitation linked pomegranate growers in Kullu, Himachal Pradesh, with international markets through an APEDA-supported export of 1.3 metric tonnes of Sinduri pomegranates to Dubai. Uttar Pradesh-based Amama Exports sourced the produce directly from local farmers and the Bhuntar farmer producer organisation (FPO), associated with approximately 600 farmers, with procurement and coordination support from the district horticulture administration. Participating farmers realised prices 50% higher than the prevailing domestic market benchmark. Opportunities for horticultural exports to the United Arab Emirates depend on buyer demand, quality requirements and applicable import regulations.
November 3, 2026
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Sustainable banking growth requires prudent lending, diversified deposits, resilient technology and sound governance to maintain customer trust.
Sustainable credit growth calls for sound underwriting, appropriate risk pricing and assessment of borrowers' repayment capacity, supported by a stable, diversified deposit franchise. As digital operations expand, operational and technological resilience encompasses cybersecurity, data protection, business continuity and oversight of third-party service providers. These are institution-wide priorities requiring participation by business functions and senior management, rather than responsibilities confined to technology teams.
November 3, 2026
Show AI Summary
Public-sector land monetisation through e-auction offers industrial land for sale subject to eligibility, bidding and redevelopment conditions.
The bidding parameter is the highest auction price, with bids in multiples of Rs. 1 crore per acre. Consortium participation is permitted for up to three members. Earnest money may be paid by bank guarantee or NEFT/RTGS as stipulated in the Request for Proposal. Participants must comply with the specified registration, eligibility, technical bid and auction requirements. Technical bids must be submitted by 1400 hours on 19 November 2026 through the designated e-auction portal, https://nlmc.enivida.com.
November 3, 2026
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Export growth and interest in trade partnerships accompany an ambitious national development vision that calls for youth participation.
The Minister said countries across regions were interested in entering into preferential trade agreements and free trade agreements with India. In education, he highlighted flexibility under the National Education Policy, including opportunities for students to change courses, earn credits and move between streams. He emphasised access to online knowledge through digital connectivity and encouraged students to continue learning and adapt to changing circumstances.
November 3, 2026
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Biopharma startup regulation discussions address faster approvals, a proposed regulatory sandbox, shared infrastructure and simplified patent applications.
Biopharma startup regulatory reform discussions focused on streamlined regulations and faster approvals, including a proposed regulatory sandbox, single-window clearance, global regulatory alignment and simplified patent application processes. Improved access to finance and time-bound action on recommendations were also emphasised to support innovation and growth in India's bioeconomy. The discussions addressed shared infrastructure, including laboratories, testing and clinical trial facilities, to reduce costs and help startups scale.
November 2, 2026
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GST registration amendments require online contact verification and validation for changes other than the principal place of business.
An application to change the principal place of business continues to be examined by the proper officer under Rule 19 of the Central Goods and Services Tax Rules, 2017. For other changes, including the legal name, business personnel and additional places of business, the registration certificate stands amended upon submission and online validation. Online verification of the mobile number and email address of the primary authorised signatory and one selected promoter, partner, director, Karta, member or trustee is mandatory. OTP verification must be completed within three days of submission; otherwise, an Application Reference Number (ARN) will not be generated.
November 2, 2026
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Composition levy category selection requires taxpayers to choose between existing and new eligibility categories, with updates through amendment applications.
Taxpayers may select either the existing Section 10(1) categories or the new category for a person eligible under Section 10(2A), but cannot select both options. Multiple existing categories may be selected; the new category is a single selection. Composition taxpayers may change or update their category through an amendment application in Form REG-14. They must ensure that the selected category is correctly updated across all GSTINs linked to the same PAN.

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Customs, DGFT & SEZ

Integrated Central Excise and Service Tax Audit Manual 2015 (CESTAM-2015)

January 29, 2016

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Government of India

Department of Revenue

Central Board of Excise & Customs

Directorate General of Audit

Foreword

It gives me immense pleasure to present this new integrated Central Excise and Service Tax Audit Manual (CESTAM, 2015), which has been approved by Board.

2. As you are aware, the existing Central Excise Audit Manual and Service Tax Audit Manual were last updated in 2008 and 2011 respectively. Over the years the Central Excise and Service Tax statutes have undergone many changes and there have been regular feedback from field formation on the shortcomings in the existing audit manuals. Meanwhile, with the implementation of cadre-restructuring in October 2014, Audit Commissionerates have started functioning with powers to conduct integrated audits. Both Central Excise and Service Tax audit manuals are based on EA 2000 audit methodology. Overall principles in these manuals are exactly same, the distinction between the two being the verification steps for compliance verification of each statute.

3. After the Audit Commissionerates started functioning, this Directorate General undertook the task of bringing out a new integrated Audit Manual in order to meet the challenges of audit in the changed scenario. Feedback on the proposed manual was sought from the field formations. During discussions / interaction, a consensus emerged that, since the department was conducting integrated audits, two separate manuals will defeat the concept of such integrated audits. Therefore, it was decided that both the Central Excise and Service Tax Manuals should be merged together and for the purpose of separate statute-wise compliance verification, separate set of Annexures should be provided respectively for Central Excise and Service Tax.

4. Suggestions received from field formations and Zonal units were deliberated upon and have been considered and taken into account. Some of the highlights of CESTAM, 2015 are as under:-

i. Formation of Audit Commissionerates and Cadre Restructuring has brought new designations and roles of officers. Hence necessary changes have been carried out with regard to the designations like Principal Chief Commissioner and Principal Commissioner. (Circular No. 985/09/2014-CX in F. No. 206/03/2014-CX.6 dated 22/09/2014) and the new roles and responsibilities of the officers of Executive Commissionerate and Audit Commissionerate.

These have been suitably incorporated.

ii. The norms for selection of units for conducting audit were revised (vide Circular No. 995/2/ 2015-CX dated 27/02/2015) effecting a paradigm shift in the existing criterion for selection of units based on amount of duty paid. The new norms include, selection of units based on risk parameters, days for audits and formation of audit parties. These have been incorporated in this manual.

iii. The audit process beginning from the Assessee Master File, desk review, revenue risk analysis, trend analysis, gathering of information, evaluation of internal controls, scrutiny of annual financial statement, audit plan, audit verification, working papers, apprising the assessee about irregularities noticed and ending with suggestions for future compliance have been streamlined and brought under one chapter. The repetitions in the earlier manuals have been removed.

iv. Separate Annexures have been prepared containing detailed verification checks for Central Excise and Service Tax. The annexures have been developed in consultation with field formations and also include capturing the results of Desk Review. The annexures containing lengthy information to be filled in by assessees have been discontinued.

v. Reports/Registers required to be maintained by the Audit Commissionerates have been prescribed in Part - III.

5. As you are aware, the Department is at the threshold of implementing the most revolutionary reform in the history of taxation since independence i.e. GST. In the current regime of self-assessment of taxable value by the assessees and increased reliance on the taxpayers, the importance of audit can hardly be over emphasized.

6. It is, therefore, all the more important and necessary that a robust audit mechanism is put in place by the Department and the officers deployed to conduct audit are well trained. The introduction of CESTAM, 2015 is, therefore, a tiny but significant steps in this direction.

7. Due care has been taken in drafting of CESTAM, 2015 and suggestions and feedbacks received from field formations, Zonal Units of this Directorate General and C & AG were extensively deliberated and suitably incorporated. However, the possibility of minor inaccuracies and errors creeping in the Manual cannot be ruled out, especially in view of the fact that a very small team of officers in the Headquarters and Hyderabad zonal unit of this Directorate General under the stewardship of Shri L. Satya Srinivas, then Additional Director General was entrusted with this humungous task. Your pro-active participation, valuable feedback and constructive criticism will, therefore, go a long way in enabling us to undertake improvements wherever required. I earnestly request you for the same as also your continued and whole-hearted support in our endeavour.

(MAHENDER SINGH)

Director General

CENTRAL EXCISE AND SERVICE TAX AUDIT MANUAL 2015

 

Annexure-CE-1

Annexure-ST-1

Annexure-CE-2

Annexure-ST-2

Annexure-CE-3

Annexure-ST-3

Annexure-CE-4

Annexure-ST-4

Annexure-CE-5

Annexure-ST-5

Annexure-CE-6

Annexure-ST-6

Annexure-CE-7

Annexure-ST-7

Annexure-CE-8

Annexure-ST-8

Annexure-CE-9

Annexure-ST-9

Annexure-CE-10

Annexure-ST-10

Annexure-CE-11

Annexure-ST-11

Topics

Acts Income Tax