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    DRI seizes over seven kg amphetamine and three kg cocaine as it intensifies crackdown on drug trafficking in country; three arrested
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    The cumulative exports (merchandise & services) during April-September 2026-27 are estimated at US$ 476.20 Billion, as compared to US$ 418.31 Billion ...
    Union Minister of Commerce and Industry Shri Piyush Goyal Calls on Youth to Drive India’s AI Journey
    CCI approves acquisition of majority stake in Tribhovandas Bhimji Zaveri Limited by GRT Jewellers (India) Private Limited
    CCI approves the acquisition of certain shareholding in Kids Clinic India by NuageLux BidCo S.à r.l
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October 19, 2026
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Narcotics trafficking enforcement led to airport and road interceptions, baggage concealment detection, seizures, and arrests under the NDPS framework.
Narcotics trafficking enforcement under the Narcotic Drugs and Psychotropic Substances Act, 1985, involved intelligence-led interceptions at Bengaluru and Delhi airports and near Nagpur. Passenger baggage and a backpack were examined, leading to the seizure of amphetamine and cocaine and the arrest of three passengers. The recoveries included amphetamine concealed in baggage, a ladies' suit and a backpack lining, and cocaine contained in transparent packets within baggage.
October 19, 2026
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Gold smuggling syndicate enforcement traces concealed imports through airport handlers, illicit melting, and jewellery-market disposal under customs law.
Directorate of Revenue Intelligence enforcement action identified an organised gold-smuggling syndicate importing foreign-origin gold through Ahmedabad and Surat airports, followed by handover to handlers, intermediary routing, illegal melting, and cash-based supply through an Ahmedabad jewellery outlet. Further searches recovered undocumented foreign-origin gold bars and records concerning smuggled gold linked to a Dubai-based financier. The investigation identified interconnected roles across the movement, processing, and disposal of smuggled gold; three persons were arrested under the Customs Act, 1962.
October 19, 2026
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Free trade agreement utilisation requires origin compliance, product standards, and documentation to secure preferential export market access.
Effective FTA utilisation requires businesses to identify eligible products and markets, assess tariff preferences and rules of origin, and meet applicable quality, certification, documentation and importing-country requirements. Preferential access under agreements with the UAE, Australia, EFTA countries and the United Kingdom remains subject to each agreement's provisions and implementation status. Tariff preferences may improve price competitiveness and facilitate participation in international supply chains where product- and partner-specific conditions are satisfied.
October 19, 2026
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Drug prevention awareness initiatives engage students through health education, interactive activities and pledges supporting a drug-free society.
Mission Yuva Raksha advances preventive drug awareness and demand-reduction efforts among students through programmes at educational institutions in Madhya Pradesh. Sessions addressed the harmful effects of substance abuse on physical and mental health, education, family life and careers, supported by interactive learning activities. Participants were encouraged to avoid drugs, adopt healthy lifestyles, take pledges and support awareness initiatives in their schools, families and communities. Preventive education and youth engagement complement enforcement-oriented work through informed choices and community-based resistance to substance abuse.
October 19, 2026
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Coastal narcotics trafficking enforcement addresses suspected maritime methamphetamine smuggling through seizure, asset recovery, and arrests under drug-control law.
Intelligence-led narcotics enforcement addressed suspected coastal storage and maritime transfer of methamphetamine to Sri Lanka. Searches recovered crystal methamphetamine concealed in foil packets within duffel bags, which was seized under the Narcotic Drugs and Psychotropic Substances Act, 1985. Searches also recovered suspected drug-sale proceeds and vehicles allegedly used in transportation. Persons allegedly involved in organising coastal export, transport, storage and logistics were arrested and remanded to judicial custody.
October 17, 2026
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Centralised audit framework targets lower physical branch audit coverage while preserving regulatory oversight and maintaining remuneration.
For FY 2026-27, audit remuneration is to remain at existing levels. Member banks are advised to accelerate a centralised audit framework to improve cost efficiency while retaining comprehensive risk oversight. Physical statutory branch audit coverage should be reduced to cover 50% of total business, apart from centralised treasury audits. Audit coverage must align with SEBI listing and disclosure requirements and RBI guidelines, supported by a Board-approved policy for the centralised audit roadmap.
October 17, 2026
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Promissory estoppel cannot prevent Government shareholding dilution where enacted legislation imposes no restriction on strategic disinvestment.
Government shareholding in IDBI may be reduced or divested because the IDBI (Repeal) Act, 2003 contains no restriction on dilution of the Government's stake. A proposed amendment to limit dilution was rejected and not incorporated into the enacted law. Parliamentary statements cannot override statutory text, and promissory estoppel cannot be invoked on the basis of legislative debate statements to prevent dilution of Government shareholding. Successive Union Budget speeches also reflected a policy of transformation and strategic disinvestment of IDBI Bank.
October 16, 2026
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Recipient-generated e-invoicing under reverse charge enables eligible taxpayers to obtain IRNs for domestic unregistered supplies and imported services.
Eligible active registered recipients meeting the applicable aggregate annual turnover threshold may report recipient-generated self-invoices for specified reverse-charge domestic supplies from unregistered persons and imports of services. RCMDOM and RCMIMP must be selected as the relevant e-invoice supply types when reporting through an authorised Invoice Registration Portal. Submission and validation of prescribed invoice particulars would generate an Invoice Reference Number, subject to applicable GST provisions, notifications and e-invoice specifications.
October 16, 2026
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Reservation Policy Implementation in public financial institutions was examined through capacity building, practical deliberations, and measures for consistent application.
Implementation of the Government of India's Reservation Policy across public sector banks, public sector insurance companies, sectoral regulators and public financial institutions was addressed through capacity building to support uniform and effective application. Deliberations considered practical implementation issues, operational challenges and actionable measures for consistent policy application, alongside related welfare measures and interactive discussion of implementation questions.
October 16, 2026
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Organic agricultural export certification supports overseas market access for Palmyra Jaggery Powder through export-oriented producer linkages.
APEDA facilitated the maiden sea export of NPOP- and EU-certified organic Palmyra Jaggery Powder from Tamil Nadu to Bulgaria. The initiative seeks to diversify India's organic export basket, create market linkages for traditional Palmyra-based products, and improve producer access through export-oriented value chains. It covers organic cultivation and reports improved price realisation for participating farmers and the manufacturer compared with the domestic market. APEDA supports certified organic and value-added agricultural exports through market development, quality compliance, and overseas buyer linkages.
October 16, 2026
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Data-driven trade governance enables integrated monitoring, application analysis and evidence-based policy inputs through the National Strategic Trade Command Centre.
The National Strategic Trade Command Centre provides an integrated analytics and visualisation platform consolidating trade data to monitor trade indicators, scheme performance, application pendency, processing timelines, regional trends and compliance-related parameters. It enables analysis across national trade performance, Regional Authorities, schemes, products, destination markets and individual applications, subject to role-based access permissions. Initial dashboards cover key trade-facilitation and regulatory processes, including SCOMET, export promotion schemes, certificates of origin, importer-exporter registration and restricted imports and exports.
October 16, 2026
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Private capital mobilisation should use competitive financing, guarantees and risk mitigation to expand productive employment and productivity.
Private capital mobilisation is treated as essential to employment generation and productivity growth. Private enterprises, MSMEs and startups should remain central to job creation, with financing assessed by employment and productivity outcomes rather than volume. Guarantees, risk-mitigation instruments, local-currency financing and lower transaction costs are identified as means to expand affordable and predictable access to capital. Methodologies underlying governance indicators should be transparent, objective, evidence-based and responsive to diverse development experiences.
October 16, 2026
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Narcotics smuggling through misdeclared air cargo triggered seizure, arrest, and ongoing investigation into concealed hydroponic weed imports.
A Bangkok-origin air-cargo consignment declared as PU Tubes was examined on suspicion of mis-declaration. Plastic spools were found to contain concealed cavities holding polythene-wrapped packets of compacted green substance, preliminarily identified as suspected ganja/marijuana and described as hydroponic weed. The concealed substance, packaging and concealment material were seized under the NDPS Act, 1985. One person was arrested, and follow-up searches produced leads for continuing investigation.
October 16, 2026
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Unaccompanied baggage gold smuggling: concealed hardware and insider coordination triggered interception, seizure, and arrests under customs law.
Foreign-origin gold smuggling through the unaccompanied baggage channel involved concealment of gold within hardware items and coordinated retrieval through warehouse personnel and intermediaries. Intelligence-led interception resulted in recovery and seizure of foreign-origin gold concealed in a floor spring, metal locks, a grease gun and a door closer. The arrangement used a trolley secured by a pre-decided number-lock combination, with a warehouse staff member, mediator and receiver allegedly involved in delivery of the concealed gold.
October 16, 2026
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Opium cultivation licensing grievance redressal advances through public hearings, administrative remedies, policy recording, and a planned cultivator helpline.
Opium cultivation licensing grievances were addressed through a public hearing where cultivators raised irrigation, climatic, single-plot licensing, and village-wise allocation concerns. Participants were informed of available legal provisions and administrative remedies. Requests for more licences and larger cultivation plots were considered, with policy matters recorded. A helpline is intended to assist cultivators during the 2026-27 licensing operation.
October 16, 2026
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Illicit cannabis cultivation: crop destruction followed legal formalities, while investigation continues in a remote wildlife sanctuary.
Illicit cannabis cultivation was located by a joint DRI and CBN team across five stretches of remote, densely forested wildlife-sanctuary land near village Jamniapani, Shirpur, District Dhule, Maharashtra. The cultivation covered 2.87 hectares. Following requisite legal formalities, the cannabis crop was destroyed using a rotavator in the presence of Police and Forest Department officials. Investigation remains in progress.
October 15, 2026
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Merchandise and services trade estimates show export growth, import expansion, and a wider combined trade deficit over the reporting period.
Combined trade estimates for April-September 2026-27 show exports of US$ 476.20 billion and imports of US$ 551.13 billion, resulting in a trade deficit of US$ 74.93 billion. Merchandise exports rose to US$ 259.89 billion, while merchandise imports reached US$ 437.53 billion. Estimated services exports were US$ 216.31 billion and services imports were US$ 113.60 billion, producing a services trade surplus of US$ 102.71 billion. September services figures are estimates, and specified earlier-period data were revised using quarterly balance-of-payments data.
October 15, 2026
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Emerging technology skills and resilient supply chains are positioned as foundations for investment competitiveness and inclusive economic growth.
Ministerial policy priorities for India's trade, investment and technology agenda emphasise artificial intelligence, cybersecurity, technology adoption, manufacturing investment and lifelong skill development. Investment competitiveness is linked to political stability, resilient supply chains, and fair and transparent trading practices. The first tranche of a bilateral trade agreement with the United States has been finalised, while final contours and legal drafting continue before operationalisation.
October 14, 2026
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Majority stake acquisition in the jewellery sector receives competition clearance for GRT Jewellers' purchase of Tribhovandas Bhimji Zaveri.
Competition Commission of India approved GRT Jewellers (India) Private Limited's proposed acquisition of a majority stake in Tribhovandas Bhimji Zaveri Limited. The transaction concerns entities operating in the Indian gems and jewellery market, including a private limited acquirer and a publicly listed target engaged in manufacturing and sale of gems and jewellery.
October 14, 2026
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Minority shareholding acquisition in mother and baby healthcare receives competition clearance for a private equity-backed investment.
Competition Commission of India clearance authorises NuageLux BidCo S.a r.l. to acquire approximately 23% of the fully diluted shareholding in Kids Clinic India Ltd. The transaction constitutes an acquisition of a minority equity interest in a healthcare provider operating under the Cloudnine brand. NuageLux BidCo is a Luxembourg-incorporated private limited special purpose vehicle, ultimately controlled by Permira Holdings Ltd.

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Customs, DGFT & SEZ

FM: Dynamic nature of the Indian economy and availability of technology tools has impacted the functioning of all the Departments including the nature of Tax Administration;. Two major challenges before the Customs Administration include trade facilitation and sharp detection & enforcement to avoid any tax evasion; ‘Investiture Ceremony 2018’ and ‘International Customs Day 2018’ held in Vigyan Bhawan in New Delhi

January 29, 2018

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The Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley said that dynamic nature of the Indian economy and availability of technology tools has impacted the functioning of all the Departments including the nature of Tax Administration. The Finance Minister said that there are two major challenges before the Customs Administration  which include that of trade facilitation and sharp detection & enforcement to avoid any tax evasion. Shri Jaitley said that there is also a challenge to keep a balance between these two dichotomic functions where the experience of tax authorities come to their rescue. The Finance Minister, Shri Jaitley was addressing the august gathering of senior officers and staff of the Central Board of Excise & Customs (CBEC) along with other dignitaries on the occasion of the ‘Investiture Ceremony 2018’ and ‘International Customs Day 2018’ in Vigyan Bhawan in New Delhi. The Finance Minister, Shri Jaitley expressed confidence that CBEC would take necessary steps to ensure that India’s ranking in trade across borders would improve substantially. On the occasion, the Finance Minister, Shri Jaitley also released two IT tools of the Customs Department i.e. ICETRAK, and ICETAB, developed by the CBEC to provide an easy way for trade to track their consignments and for providing other important information and updates. Earlier, the Minister of State for Finance, Shri Shiv Pratap Shukla, in his address complimented the role of Customs in implementing GST in record time, in securing our international borders and for facilitating trade and international passengers at airports. The Finance Secretary, Dr. Hasmukh Adhia congratulated the Department for smooth implementation of GST and adoption of new technology. He underlined the important role of Customs in further improving the nation’s ranking in trading across borders while appreciating the enhanced adoption of technology and keeping a pace with latest technology in their business processes. Shri P.K. Das, Member (Customs), Central Board of Excise and Customs (CBEC), also spoke about the thrust on enhancing trade facilitation and the role of other stakeholders including participating Government agencies. Shri Sunil Kumar Sawhney, Chief Commissioner of Customs, Delhi Customs Zone, presented the vote of thanks.

International Customs Day celebrations were organised by the Central Board of Excise & Customs (CBEC). The Union Finance Minister, Shri Arun Jaitley was the Chief Guest on the occasion while the Union Minister of State for Finance Shri Shiv Pratap Shukla was the Guest of Honour. The Finance Secretary Dr. Hasmukh Adhia, and Ms. Vanaja N. Sarna, Special Secretary to Government of India and Chairperson, Central Board of Excise and Customs (CBEC), along with the Members of CBEC, senior officers of CBEC, various other Departments of the Government and foreign dignitaries were present. Presidential Award of Appreciation Certificates and World Customs Organization (WCO) Certificate of Merit Award were also presented to the distinguished officers and staff of the CBEC.

Earlier, Ms Vanaja N. Sarna, Chairperson, CBEC welcomed the dignitaries and highlighted the recent Key Initiatives taken by Customs for enhancing trade facilitation in line with the Action Plan for implementing the Trade Facilitation Agreement of the WTO ratified by India and in alignment with ease of doing business at the highest levels of government.

Presidential Award of Appreciation Certificate was awarded to 40 officers and staff of Indian Customs for “Specially Distinguished Record of Service.” These officers and staff were selected on the basis of their exemplary performance in their respective field of services over the years. The Awardees selected this year include officers from all cadres of the Service, who have consistently performed with distinction in their various assignments, including prevention of smuggling, detection of tax evasion, detection of trade based money laundering and foreign exchange violations, besides contributions in tax policy formulation, revenue mobilization, and automation of business processes, and capacity building and training among others.

The following officers and staff of CBEC along with others received the Presidential Commendation.

PRINCIPAL COMMISSIONERS/COMMISSIONERS

1. Shri Satya Narayan Saha, Principal Additional Director General, Directorate General of Central Excise Intelligence (DGCEI), Zonal Unit, Hyderabad.

2. Shri Syed Haider Hasan, Principal Commissioner , Central Excise Zone, Meerut.

3. Shri Srinivas Murty Tata, Commissioner (Service Tax), Central Board of Excise and Customs (CBEC), New Delhi.

4. Shri Sunil Jain, Commissioner, Central Excise Zone, Hyderabad.

DIRECTORS/ADDITIONAL  DIRECTORS/ADDITIONAL  COMMISSIONERS/JOINT COMMISSIONERS

5. Shri Rajendra Kumar, Director (Legal), Central Board of Excise and Customs (CBEC), New Delhi.

6. Shri Neeraj Prasad, Additional Commissioner, Directorate General of Taxpayer Services, New Delhi.

7. Shri Manish Goyal, Additional Director, Directorate General of Human Resource Development (DG HRD), New Delhi.

8. Shri Nasim Arshi, Additional Director, Risk Management Division (RMD), Mumbai.

9. Dr M. G. Thamizh Valavan, Director (Anti-Smuggling), Central Board of Excise and Customs (CBEC), New Delhi.

10. Shri Dinesh Kumar Gupta, Director (Drawback), Central Board of Excise and Customs (CBEC), New Delhi.

11. Shri Mihir Ranjan, Additional Commissioner, Directorate General of Vigilance (DGoV), New Delhi.

12. Shri Nitin Saini, Additional Director, Directorate General of Central Excise Intelligence (DGCEI), Regional Unit, Ludhiana.

13. Shri Zubair Riaz Kamili, Director (Customs), Central Board of Excise and Customs (CBEC), New Delhi.

14. Shri Maneesh Kumar, Additional Director, Directorate General of Revenue Intelligence (DGRI), Zonal Unit, Ahmedabad.

15. Dr. Pradyumn Kumar Tripathi, First Secretary, High Commission of India, Singapore.

16. Shri Pramod Kumar, Officer on Special Duty (Joint Commissioner), Tax Research Unit (TRU), Central Board of Excise and Customs (CBEC), New Delhi.

17. Shri Sanjiv Kumar Mishra, Joint Commissioner, Directorate General of Systems and Data Management, New Delhi.

DEPUTY COMMISSIONERS/ASSISTANT COMMISSIONERS

18. Shri Chanderpal Singh Chauhan, Deputy Commissioner, Customs Zone, Mumbai-II.

19. Ms. Samrita Kaur Gill, Deputy Director, Directorate General of Revenue Intelligence (DGRI) (Hqrs.), New Delhi.

20. Shri Avinash Shashikant Patane, Assistant Commissioner, Central Excise Zone, Pune. SUPERINTENDENTS / SENIOR INTELLIGENCE OFFICERS

21. Shri Shiv Kumar Sharma, Senior Intelligence Officer, Directorate General of Revenue Intelligence (DGRI), Zonal Unit, Delhi.

22. Shri K. Ramachandran, Superintendent, Central Excise Zone, Chennai.

23. Shri D. Venkateswaran, Senior Intelligence Officer, Directorate General of Revenue Intelligence (DGRI), Zonal Unit, Chennai.

24. Shri Probir Kumar Sen, Superintendent, Customs and Central Excise Zone, Shillong.

25. Shri Achal Mehrotra, Senior Intelligence Officer, Directorate General of Central Excise Intelligence (DGCEI) (Hqrs.), New Delhi.

26. Shri Nagabushanam P, Superintendent, Directorate General of Central Excise Intelligence (DGCEI), Zonal Unit, Bengaluru.

27. Shri Pramod Marotrao Dange, Senior Intelligence Officer, Directorate General of Revenue Intelligence (DGRI), Zonal Unit, Mumbai.

28. Shri Ashwani Kumar Kapur, Senior Intelligence Officer, Directorate General of Central Excise Intelligence (DGCEI), Regional Unit, Ludhiana.

29. Shri Baldev Prasad Khanduri, Superintendent, Central Excise Zone, Meerut.

30. Shri Mohan Raghavan, Senior Intelligence Officer, Directorate General of Revenue Intelligence (DGRI), Zonal Unit, Mumbai.

31. Shri Rajesh Ramdas Salian, Superintendent, Risk Management Division (RMD), Mumbai.

32. Ms. Seema, Superintendent, Directorate of Logistics, New Delhi.

33. Shri Mahesh Kumar Purohit, Appraiser, Customs Zone, Mumbai-III.

34. Shri Rajneesh Gupta, Additional Assistant Director (Supdt), Directorate General of Human Resource Development (DG HRD), New Delhi.

MINISTERIAL OFFICERS

35. Ms. Geeta Mohan Menon, Senior Private Secretary to Chief Commissioner of Customs Zone, Mumbai-I.

36. Shri A.G. Rajan, Administrative Officer, Directorate General of Central Excise Intelligence (DGCEI), Zonal Unit, Chennai.

INSPECTORS/INTELLIGENCE OFFICERS

37. Shri Ravi Dutt Shankar, Intelligence Officer, Directorate General of Central Excise Intelligence (DGCEI), Zonal Unit, Delhi.

38. Shri Mamidi Narsingh Rao, Intelligence Officer, Directorate General of Revenue Intelligence (DGRI), Zonal Unit, Hyderabad.

DRIVER

39. Shri Ranbir Singh, Driver Grade-I, Directorate General of Revenue Intelligence (DGRI) (Hqrs.), New Delhi.

HEAD HAVALDAR

40. Shri Laxman Singh Negi, Head Havaldar, Directorate General of Central Excise Intelligence (DGCEI) (Hqrs.), New Delhi.

In addition, following 20 Officers who have contributed to the WCO Theme were awarded the World Customs Organization (WCO) Certificate of Merit. This honour has been given to 17 Customs Officers, one officer of the Coast Guard, and two recipients are from the private sector.

OFFICERS OF CBEC

1.         Shri Vivek Ranjan, ADG, Directorate General Taxpayer Services, CBEC, New Delhi.

2.         Shri Hardeep Batra, Additional Commissioner, WCO Cell, DG Safeguards, New Delhi.

3.         Shri Vishnu Kumar, Joint Commissioner, Customs (Preventive), Bhubaneshwar.

4.         Ms. Temsunaro Jamir, Joint Commissioner (ICD), ICD Section, CBEC, New Delhi.

5.         Shri Alok Kumar, Joint Director, RMD, DGARM, Mumbai.

6.         Shri Manoj Kumar, Joint Director, NACIN Faridabad.

7.         Ms. K.K. Suja, Joint Commissioner, Customs, Chennai.

8.         Shri V. Suresh, Joint Director, CRCL, Chennai.

9.         Sh. Gaurav Shanda, Deputy Commissioner, Single Window Project, CBEC, New Delhi.

10.       Dr. Gandhi Donthi, Deputy Commissioner, Directorate General of vigilance (Hrs.), New Delhi.

11.       Shri Priyank Chaturvedi, deputy Director, DG-systems, New Delhi.

12.       Shri Anil Kumar Sapra, OSD PAC, Customs Wing, CBEC, New Delhi.

13.       Shri B.S. Grewal, Assistant Director, Directorate of Logistics, New Delhi.

14.       Dr. Sreeparvathy S.L., Under Secretary, Service Rax, CBEC, New Delhi.

15.       Shri Harish Kumar, Assistant Commissioner, CCC Unit, Delhi Customs (DZ), New Delhi.

16.       Shri Sanjay Kumar, SIO, DRI DZU, CBEC, New Delhi.

17.       Shri Olekkengil Francis Jose, Inspector (PO), Custom House, Cochin.

OFFICERS FROM OTHER GOVERNMENT AGENCIES

1.         Shri K. Natarajan, Additional Director General, Cost Guard Commander (Western Seaboard), Mumbai., on behalf of Indian Coast Guard.

RECIPIENTS FROM PRIVATE SECTOR

1.         Shri Samir J. Shah, Partner of M/s JBS Group of Companies, Ahmedabad.

2.         M/s Kerry Indev Logistics Pvt. Ltd. (ICD), Chennai.

Topics

Acts Income Tax