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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.
Special CBI Court rejected an accused's request to record her statement through video conferencing in a bank-fraud prosecution. The accused had sought to become an approver, and her statement was required to be recorded before consideration of that application. She and her husband had previously become approvers in a related money-laundering matter involving alleged fraudulent Letters of Undertaking.
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

The Union Minister of Finance, Corporate Affairs, Railways and Coal, Shri Piyush Goyal stresses on the simplification, transparency and use of latest technology in further smoothening the tax filing process for the stakeholders; Calls for making the compliance simpler for the honest tax payers and make best use of the money so collected through taxes for the benefit and welfare of the public at large; Gave away the Awards to CBIC Officers & Staff for their meritorious services on the occasion of Investiture Ceremony & International Customs Day 2019 in New Delhi

January 25, 2019

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The Union Minister of Finance, Corporate Affairs, Railways and Coal, Shri Piyush Goyal stressed ont he simplification, transparency and use of latest technology in further easing and smoothening the tax filing process for the stakeholders. He said that it is necessary to make the compliance simpler for the honest tax payers and ensure best use of the money so collected through taxes for the benefit and welfare of the public at large. The Finance Minster, Shri Goyal was speaking at an event to mark the occasion of Investiture Ceremony and International Customs Day 2019 organized by the Central Board of Indirect Taxes and Customs (CBIC) in New Delhi today. Shri Goyal further said that if all the stakeholders including the Government and the tax payers work together in a straight and ethical manner, there is no reason why India as a nation cannot achieve the rightful place in Comity of Nations.

He suggested that it would be better if the Department like CBIC and CBDT take collective decisions by taking new ideas from it's Officers to improve the efficiency and image of the concerned Department.It would also make it easier for the CBIC/CBDT to achieve the image of a tax friendly organisation. The Finance Minister said that the Department should be tax payer friendly and they should have easy access to approach its officers for guidance and both the Department and the tax payers should act as a partner to have a better tax compliance and to improve the overall image of the organisation.

Earlier the International Customs Day celebrations organised by the Central Board of Indirect Taxes & Customs were held in the Dr. Ambedkar International Centre on 25th January, 2019. The Union Finance Minister, Shri Piyush Goyal was the Chief Guest and the Union Minister of State for Finance Shri Shiv Pratap Shukla was the Guest of Honour. Revenue Secretary Dr. Ajay Bhushan Pandey, and Shri Pranab Kumar Das, Special Secretary to Government of India and Chairman, Central Board of Indirect Taxes and Customs (CBIC), along with Members of Central of Central Board of Indirect Taxes and Customs, senior officers of the Department were present. Presidential Award of Appreciation Certificates and World Customs Organization (WCO) Certificates of Merit Award were also presented to the distinguished officers of the CBIC. 

Shri Pranab Kumar Das, Chairman, CBIC, welcomed the dignitaries and highlighted 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. The gathering was addressed by the Finance Minister Shri Piyush Goyal who congratulated retired and serving officers and staff of Indian Customs on the eve of International Customs Day being celebrated across the world with the theme of SMART borders for seamless Trade, Travel and Transport. He said that as a result of efforts taken by CBIC, India’s rank in Trading Across Borders has jumped from 146 in 2018 to 80 in 2019. This has contributed significantly to India’s quantum jump in Ease of Doing Business rank from 130 in 2017 to 77 in 2019. The Finance Minister expressed confidence that with concerted efforts of the Department, India would further improve its position in these rankings. While congratulating the awardees for their meritorious service, he exhorted the officers to keep upgrading their skill sets to meet emerging challenges in cross-border trade. He further asked CBIC to try and get ideas from officers of all ranks through crowd sourcing for improving efficiency and productivity of the department. 

The Minister of State for Finance, Shri Shiv Pratap Shukla, also addressed the audience about the role of Customs in securing the international borders and lauded the yeoman service rendered by Customs officers in every corner of the country. He said that Indian Customs has risen to the challenge of effectively manning land, sea, and air economic frontiers of the country with the objective of furthering legitimate trade across borders and deterring economic offenders.  Dr. Ajay Bhushan Pandey, Revenue Secretary, and Shri P.K. Das, Chairman, Central Board of Indirect Taxes and Customs, also spoke about the thrust on enhancing trade facilitation and the role of other stakeholders including participating government agencies. Shri John Joseph, Member Budget and Investigation and Zonal Member, Delhi Customs Zone, presented the vote of thanks. 

Presidential Award of Appreciation Certificate was awarded to 44 officers and staff of Indian Customs for “Specially Distinguished Record of Service.” These officers were selected on the basis of their exemplary performance in their respective field of service 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. The following officers received the Presidential commendation.

PRINCIPAL COMMISSIONERS/COMMISSIONERS 

1. Shri Shashank Priya, Joint Secretary, GST Council, New Delhi.

2. Ms. Neeta Lall Butalia, Additional Director General, Directorate General of Vigilance, New Delhi.

3. Shri Bijoy Kumar Kar, Commissioner, Central Excise & GST, Belagavi.

4. Ms. Seema Jere Bisht, Additional Director General, Directorate General of Analytics and Risk Management, Mumbai.

5. Sh. Yogendra Garg, Additional Director General, National Academy of Customs, Indirect Taxes and Narcotics, Centre of Excellence, New Delhi.

6. Shri Vivek Chaturvedi, Additional Director General , Directorate General of Revenue Intelligence, New Delhi.

7. Ms. Bandhana Deori, Commissioner of Customs (Preventive), Shillong Zone, Shillong.

DIRECTORS/ADDITIONAL DIRECTORS/ ADDITIONAL COMMISSIONERS/JOINT COMMISSIONERS 

8. Shri K. Ramakrishnan , Additional Director, Directorate of Revenue Intelligence, Zonal Unit, Chennai.

9. Shri Avinash Pushkarna , Additional Commissioner , Customs Zone, New Delhi.

10. Dr. T. Tiju, Additional Commissioner, Central Tax / Excise / GST & Customs, Thiruvananthapuram Zone.

11. Shri Satyajit Mohanty, Officer on Special Duty to the Minister of Petroleum & Natural Gas, Government of India, New Delhi.

12. Shri Prashant Kumar, Additional Director, Directorate of Revenue Intelligence (DGRI), Zonal Unit, Mumbai.

13. Shri Kunduru S.V.V. Prasad, Joint Director, Directorate of Enforcement (ED), Chennai.

14. Shri Rohit Anand, Under Secretary (Anti- Smuggling), Central Board of Indirect Taxes & Customs (CBEC), New Delhi.

DEPUTY COMMISSIONERS/ASSISTANT COMMISSIONERS 

15. Shri Vikas Joshi, Deputy Commissioner, Customs, Central Excise/Tax & GST Zone, Jaipur.

16. Shri A. L. Srinath, Assistant Director, Directorate General of GST Intelligence    (DGGSTI), Zonal Unit, Bangalore.

17. Shri P. Prasad, Assistant Director, Directorate General of Revenue Intelligence (DGRI), Cochin Regional Unit, Zonal Unit, Bangalore.

18. Shri Arvind Malhotra, Assistant Commissioner, Directorate General of Taxpayer Services (DGTS), New Delhi.

19. Shri Swapan Kumar Nath, Assistant Director, Directorate General of Revenue Intelligence (Hqrs.), New Delhi.

20. Ms. Veenapani Evarani Bansingh, Assistant Director (OL), Chief Commissioner’s Office, Rajbhasha Cell, Delhi Zone, New Delhi.

SUPERINTENDENTS / SENIOR INTELLIGENCE OFFICERS 

21. Shri Manindra Sarania, Superintendent, Guwahati Customs Division, Shillong Zone.

22. Shri N. Siva Kumar, Senior Intelligence Officer, Zonal Unit, Hyderabad.

23. Shri Neeraj Garg, Additional Assistant Director, DGHRD, New Delhi.

24. Shri Gopal Charan Bahubalendra, Senior Intelligence Officer, DGGI Regional Unit Rourkela, Zonal Unit, Bhubaneshwar. 

25. Shri Bharat Laxmanrao Gade, Superintendent, Mumbai Customs Zone-I, Mumbai.

26. Ms. Bharti Singh, Superintendent, Kolkata Customs Zone, Kolkata.

27. Shri Ravi Prakash Srivastava, Superintendent,Service Tax Policy Wing, Central Board of Indirect Taxes & Customs (CBEC), New Delhi.

28. Shri Anil Manchanda, Senior Intelligence Officer, Directorate General of Goods and Service Tax Intelligence, Rohtak Regional Unit, Zonal Unit, Delhi.

29. Shri Mubeen Ahmed Juvale, Senior Intelligence Officer, Directorate General of Revenue Intelligence (DGRI), Zonal Unit, Mumbai.

30. Shri Sh. Rashid Ashraf Wani, Senior Intelligence Officer, Directorate General of Revenue Intelligence (DGRI), Srinagar Regional Unit,Zonal Unit, Ludhiana.

31. Shri Saumyes Gobinda Sen, Senior Intelligence Officer, Directorate General of Revenue Intelligence (DGRI), Zonal Unit, Kolkata.

32. Shri Akif Hussain Raja, Superintendent, Mumbai Central Excise/ Tax and GST Zone, Mumbai.

33. Shri Allen Rajesh Vas, Senior Intelligence Officer, Directorate General  of Goods and Service Tax Intelligence, Mangalore Regional Unit, Belgavi.

34. Shri M. I. Ramachandran, Senior Intelligence Officer, Directorate General  of Revenue Intelligence (DGRI), Zonal Unit, Mumbai.

35. Shri Ranjeet Singh, Senior Intelligence Officer, Directorate General  of Revenue Intelligence (DGRI), Jammu Regional Unit, Zonal Unit, Ludhiana.

36. Shri Ripu Sudan Kumar, Senior Intelligence Officer, Directorate General  of Goods and Service Tax Intelligence (DGGSTI), Zonal Unit, Pune.

37. Shri Ningombam Meiraba, Superintendent, Customs (Preventive), Division Imphal, Shillong Zone.

38. Shri X Sadeesh Kumar, Senior Intelligence Officer, Directorate General of Revenue Intelligence (DGRI), Tuticorin Regional Unit, Zonal Unit, Chennai.

MINISTERIAL OFFICERS 

39. Shri Hari Charan Sahoo, Senior Private Secretary, Office of Chief Commissioner of GST, Central Excise & Customs, Bhubaneswar Zone, Bhubaneswar.

40. Ms. Sudha Saini, Private Secretary, Directorate General of Revenue Intelligence (DGRI),Zonal Unit, Lucknow.

INSPECTORS/INTELLIGENCE OFFICERS 

41. Shri Sushant Harsh Sabat, Intelligence Officer, Directorate General of Revenue Intelligence (DGRI), Zonal Unit, Ahmedabad.

DRIVER

42. Shri Nand Kishore Meena, Driver Special Grade, Directorate General of Revenue Intelligence, New Delhi.

43. Shri Chinta Mani Bansal, Driver, Grade-I, Delhi Customs Zone, New Delhi.

HEAD HAVALDAR 

44. Shri Shyam Sahana, Head Havaldar, Directorate General of Revenue Intelligence (DGRI), Zonal Unit, Kolkata.

In addition, following 20 individuals who have contributed to the WCO Theme were awarded the World Customs Organization (WCO) Certificate of Merit. This honour has been given to 18 Customs Officers and two recipients from the private sector. 

OFFICERS OF CBEC

1. Sh. M. Ajit Kumar, Principal Chief Commissioner, Chennai Customs Zone.

2. Sh. B.B. Mohapatra, Principal ADG, DG Systems, New Delhi.

3. Sh. A. Manimaran, Additional Director, Directorate of Systems, New Delhi.

4. Smt. Samriti Goel Saran, Additional Director, DGHRD.

5. Sh. Shaukat Ali, Joint Commissioner, DIC, New Delhi.

6. Sh. Saroj Kumar Behera, Joint Director, DGEP, New Delhi.

7. Ms. B. Konthoujam, Joint Commissioner, Cus VI, CBIC.

8. Sh. Jomy Jacob, Joint Commissioner, RMCC, Mumbai.

9. Smt. Sarika Shah, Joint Director, DG Systems, Mumbai.

10. Sh. Jaspreet Sukhija, Joint Director, DRI HQ, New Delhi.

11. Ms. Atreyee Dev Roy, Deputy Commissioner, ICD Patparganj, Delhi.

12. Sh. Sanjay Sharma, Deputy Director, DG Systems, New Delhi.

13. Sh. M. Ramesh, Deputy Commissioner, Customs, Chennai.

14. Dr. Purnima Mishra, Chemical Examiner, CRCL, New Delhi.

15. Sh. Pramod P Nair, Assistant Director (Marine), Customs Preventive, Chennai.

16. Sh. Deepak, Superintendent, WCO Cell, CBIC.

17. Sh. Y. Shajahan, Superintendent, Customs (Prev.), Cochin.

18. Sh. Debasish Ray, Senior Intelligence Officer, DRI Kolkata.

RECIPIENTS FROM PRIVATE SECTOR

19. M/s UTI Infrastructure Technology and Services Limited (UTITSL).

20. M/s International Clearing & Shipping Agency (India) Pvt. Ltd., Chennai.

Topics

Acts Income Tax