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August 10, 2026
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GST refund facilitation expands provisional input tax credit refunds and removes the minimum threshold for export-related IGST refunds.
Punjab's GST amendments facilitate voluntary compliance and reduce procedural burdens by allowing a 90 per cent provisional input tax credit refund in inverted duty structure cases and removing the minimum threshold for IGST refunds on exported goods. Additional measures cap annual fee increases by private unaided educational institutions, establish digital open universities for technology-enabled higher education, protect trees and green cover, and address common infrastructure, panchayati raj, and contractual engagement of outsourced State personnel.
August 10, 2026
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Video-conference statements for an approver application were declined, requiring the accused's statement to be recorded before consideration.
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August 10, 2026
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Fuel price transparency highlights allegations over excise duty, consumer retail costs, and profit disclosures by state-run oil marketing companies.
Fuel pricing, central excise duty and profits of state-run oil marketing companies are examined through allegations that retail fuel prices and tax policy imposed excessive costs on consumers while generating substantial company profits. The criticism contrasts high crude-price periods with lower retail prices and lower excise duty against a later period in which reduced crude prices were allegedly not passed through to consumers. Profit-margin disclosure is also raised as a transparency issue, with parliamentary information described as covering oil prices, global crude prices and company profits.
August 10, 2026
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Discharge in money-laundering proceedings turns on whether pre-charge material sufficiently establishes the alleged offence.
Discharge in a money-laundering prosecution was sought before a special PMLA court concerning alleged siphoning and laundering of loans advanced to Jet Airways by Canara Bank. The prosecution was directed to respond, subject to the applicant not seeking adjournment. Discharge is available after filing of a chargesheet and before framing of charges where the material before the court is insufficient to establish the alleged offence. The proceedings arise from a CBI FIR concerning alleged bank fraud involving Jet Airways and associated persons.
August 10, 2026
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High-speed rail indigenisation and infrastructure performance monitoring require skills development, comparative planning, measurable station assessments and freight-terminal dashboards.
Parliamentary oversight calls for accelerated indigenisation of high-speed rail components, capacity-building through international expertise, and comparative study of successful high-speed rail systems for future corridors. Redeveloped stations should be assessed through measurable indicators concerning passenger use, accessibility, cleanliness, commercial occupancy, maintenance and feedback, with completed-project practices documented and shared. Operational cargo terminals and cargo-related facilities should be monitored through a digital dashboard covering utilisation, rake performance, mechanisation, connectivity, safety compliance and customer satisfaction.
August 10, 2026
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MSME and export promotion framework expands finance, technology, infrastructure, sustainability and global-market support for enterprise growth.
Haryana Progressive MSME and Export Promotion Policy 2026 creates a five-year framework for MSME growth through financial incentives, institutional support, industrial infrastructure, technology adoption and export facilitation. Identified thrust-sector enterprises may receive capital and interest subsidies, stamp duty reimbursement, employment assistance, insurance support, and incentives for automation, artificial intelligence, testing and research. Proposed venture capital and credit guarantee funds seek to improve institutional and collateral-free finance. Export support covers international certifications, credit, insurance, freight, e-commerce, trade fairs, documentation, compliance and buyer connections, alongside sustainability and inclusive entrepreneurship measures.
August 10, 2026
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Employee data exposure alerts trigger review of alleged password spraying and MFA fatigue, with customer and operational systems unaffected.
Employee data exposure alerts prompted TCS to review allegations concerning limited basic employee information that appears to be more than four years old. No indication exists that customer data, customer systems, or operational systems have been affected. The alleged vectors involve password spraying and multi-factor authentication fatigue. TCS states that safeguards against these techniques have been in place for more than two years, its controls remain effective, and monitoring and further assessment will continue.
August 10, 2026
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Mustard honey export demonstrates FPO-led aggregation, quality-focused production and industry collaboration for international agricultural market access.
Mustard honey export from Tripura to Dubai marks the first international shipment by Dergang Farmer Producer Organisation, supported through export-oriented aggregation and market linkage initiatives. The export creates overseas market access for local beekeepers and farmers, diversifies the honey value chain, and encourages quality-focused production. Industry collaboration supported bee production and an export-oriented supply chain, while capacity building, quality assurance, value addition and market linkages can strengthen agricultural exports and farmer participation in international markets.
August 10, 2026
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Digital banking evidence gains recognition through a modernised framework for physical and electronic records, with privacy and security safeguards.
The Bankers' Books Evidence Bill, 2026, modernises the evidentiary framework for bankers' books by permitting banking records to be produced in physical or electronic form in legal proceedings. It recognises electronic, digital and virtual records and enables the Central Government to extend the regime to other regulated financial entities, supporting a uniform financial-sector evidentiary framework. The framework seeks secure and transparent use of banking records while safeguarding customer privacy, confidentiality and data security.
August 10, 2026
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Illicit opioid medicine exports exposed through concealed cargo, clandestine manufacturing, repacking, and attempted transnational trafficking to Nigeria.
Illicit manufacture and attempted export of controlled opioid medicines were detected in a network producing, concealing, storing and exporting Tramadol Hydrochloride tablets to Nigeria. A consignment declared as Pregabalin capsules contained concealed Tramadol Hydrochloride and Tapentadol tablets. Investigation identified clandestine manufacture, repacking and preparation for export, with searches yielding tablet-compression machinery and raw materials. Tramadol is a psychotropic substance under the Narcotic Drugs and Psychotropic Substances Act, while Tapentadol is regulated under the Drugs and Cosmetics Act and its rules.
August 10, 2026
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Summons compliance under anti-money-laundering law faces appellate scrutiny after acquittal over unproven email service allegations.
Delhi High Court required Arvind Kejriwal to reply to Enforcement Directorate petitions challenging his acquittal in proceedings concerning alleged non-compliance with summonses. The trial court found that the agency had not proved intentional disobedience, service of summons through email, or lawful issuance of electronic summons under the Prevention of Money Laundering Act. The appellate challenge concerns proof of service, validity of electronic summons, and intentional non-compliance.
August 10, 2026
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Pesticide residue concerns drive organic farming, school agriculture initiatives, infrastructure financing and climate-resilience support for farmers.
Food-safety concerns arising from pesticide residues and toxic substances are to be addressed through organic vegetable farming, household cultivation and the Kathir school-farming initiative. Kathir provides for institutional farming, teacher and committee support, markets, student training and clubs, with possible academic weightage for agricultural participation. Agricultural infrastructure financing supports post-harvest management, value addition, processing, packing, marketing and exports. Additional measures include banking support, agricultural technology adoption, women-farmer support and schemes addressing climate-related floods and drought.
August 10, 2026
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Digital EODC processing removes physical duty challans through authenticated payment verification for export authorisation closure.
Export Obligation Discharge Certificate processing under the Advance Authorisation and Export Promotion Capital Goods schemes no longer requires physical duty-payment challans for voluntary customs-duty payments made on or after 1 August 2026. Authenticated licence-wise payment information is electronically transmitted from Customs/ICEGATE to DGFT systems and mapped to the relevant authorisation. Exporters can verify payment details on the customer portal, while Regional Authorities use corresponding back-office records, replacing manual submission and verification for authorisation closure.
August 10, 2026
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Trusted service-call numbering requires verified utilities and logistics entities to use dedicated numbers exclusively for transactional and service communications.
The 1601-series is introduced for verified utilities, courier and logistics entities making service and transactional voice calls. Numbers must be allocated directly to eligible entities, not intermediaries or aggregators, following verification by telecom service providers and an undertaking of exclusive use. Promotional voice calls are prohibited on this series and remain associated with the 140-series. The framework separates these calls from the 1600-series reserved for regulated financial-sector and government-to-citizen communications, supporting consumer recognition of legitimate calls and reducing impersonation risks.
August 10, 2026
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GST revenue collection drives tax growth while data scrutiny, taxpayer verification, and compliance capacity remain key administrative priorities.
GST constituted the principal component of tax revenue for the 2025-26 fiscal year. Tax administration faces staff shortages, information-technology upgrade needs, and increased workloads from taxpayer registrations and return filings. Compliance oversight requires GST data scrutiny, risk assessment, identification of unregistered taxpayers, tax-evasion detection, and field verification of high-risk taxpayers. Long-term revenue planning sets progressively higher collection targets through 2063.
August 10, 2026
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Russian crude imports reshape India's refining trade as processed petroleum products reach sanctioning jurisdictions despite import restrictions.
Indian imports of Russian crude oil reached a second consecutive monthly record in July 2026, with Russian crude forming the dominant share of India's Russian fossil-fuel purchases and more than half of total crude imports. Higher receipts through smaller terminals offset reduced volumes at Paradip. Indian refineries processing Russian crude also exported refined petroleum products to sanctioning jurisdictions, including the European Union, Australia and the United States, despite the European Union prohibition on imports of oil products made from Russian crude.
August 10, 2026
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Cyber-fraud through stolen phones allegedly used mule accounts, banking credentials and coordinated technical operations to divert victims' funds.
Investigation into unauthorised withdrawals after theft of a mobile phone uncovered an alleged interstate cyber-fraud network using stolen devices, linked banking credentials and mule bank accounts. The scheme allegedly involved phone theft, supply of accounts and banking instruments, and a technical operation that accessed victims' accounts and routed funds for withdrawal or transfer. Digital surveillance, transaction mapping, seized devices, victim data and transaction records are being examined to identify linked complaints and the extent of funds allegedly diverted.
August 10, 2026
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Rupee depreciation reflected stronger dollar, elevated crude prices and geopolitical uncertainty, while portfolio inflows and equity gains provided support.
The rupee depreciated against the US dollar amid a stronger dollar, higher global crude oil prices and uncertainty surrounding West Asia-related negotiations. Concerns over crude oil's potential impact on the trade deficit weighed on the currency, while positive domestic equity markets and foreign portfolio investment inflows provided support. Market caution remained focused on forthcoming US inflation data, dollar-index movements and Brent crude prices. Foreign-exchange reserves increased during the reported period.
August 10, 2026
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Collateral-free personal loans offer extended repayment flexibility, conditional reward benefits, and online application subject to eligibility and disbursal requirements.
Loan Utsav 2026 provides eligible Bajaj Finance Personal Loan applicants an exclusive reward bundle where the loan is successfully disbursed during the campaign period. The collateral-free facility supports personal expenses, offers repayment tenures from 12 to 108 months, and may enable lower monthly EMI obligations through a longer selected tenure. Interest rates depend on eligibility, credit assessment, financial profile and lending criteria. Online applications require personal and financial details and required documents, with disbursal for eligible applicants possible after verification and approval.
August 10, 2026
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Credit card payment flexibility supports seasonal shopping and travel through eligible EMIs, rewards, tracking tools and conditional merchant benefits.
Credit-card spending features include conversion of eligible purchases into EMIs, selected no-cost EMI options, reward points, cashback, merchant discounts and payment flexibility. Travel-related benefits may include domestic airport lounge access, travel-booking discounts, fuel-surcharge waiver and anniversary-linked rewards. The AU 0101 application enables transaction tracking, balance and interest-rate monitoring, EMI conversion and bill-payment management. Features and offers are subject to change, customer eligibility, internal policies and partner-merchant terms.

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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