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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
    DRI seizes 13 kg foreign-origin gold worth around Rs. 19.41 crore and dismantles a gold smuggling syndicate in Gujarat; three arrested
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    CCI approves acquisition of majority stake in Tribhovandas Bhimji Zaveri Limited by GRT Jewellers (India) Private Limited
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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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Proposal for National tax tribunal by utilizing existing capacities and infrastructure.

June 24, 2022

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CENTRAL EXCISE, CUSTOMS AND GOLD (CONTROL) BAR ASSOCIATION

[Registered under the Societies Registration Act, 1860]

(Bar Room: West Block-II, 1st Floor. R.K. Puram, New Delhi - 110066)

Dated: 21.06.2022

To:

1. Shri Narendra Modi,

Hon'ble Prime Minister of India, Pradhan Mantri Karyalaya,

South Block, New Delhi -110001.

2. Smt. Nirmala Sitharaman,

Hon'ble Finance Minister of India, Ministry of Finance, North Block New Delhi -110001.

Respected Dignitaries,

Reg: Proposal for National tax tribunal by utilizing existing capacities and infrastructure.

At the outset, in my capacity as President and founder member of the Central Excise, Customs and Gold Control Bar Association (ECGC Bar) would like to commend and congratulate you for your efforts in successful implementation of farsighted tax reform of bringing in GST in 2017. The results now after five year of implementation are for the whole world to see. India has now, not only become an example for many to emulate such tax reforms, but has also shown how through federal collaboration ease of business can be provided while garnering more revenue without any pain for law abiding tax payer.

Next, I count myself privileged to presently head one of the oldest tax tribunal bar association on indirect taxes representing indirect tax advocates and tax practitioner since 1982 i.e. when Customs, Excise and Gold Control Appellate Tribunal was formed (now known as Customs, Excise and Service Tax Appellate Tribunal - CESTAT for short). The association has some of the best minds having legal and tax acumen, authors and thinkers on indirect taxes as its members for the last four decades and has been instrumental in recommending tax policy changes which were accepted by respective Governments of the day in their budgets or otherwise.

Even the tribunal of which this association is a part, has been upholding the value of strong legal and fiscal learning, efficiency and integrity. The Bar has also played well its role over decades to encourage young talent, updating knowledge in its peers and tax fraternity. It has also acted as a watch dog to defeat any nefarious designs of corruption or compromise, while maintaining high standards of legal competence. This along with acumen and expertise of its various successive Members and Presidents has made this Tribunal a shining example of being one of the best tribunal administering justice to the taxpayers as well as serving the interest of revenue. This was also partially achieved through in-house ability of departmental authorized officers representing the cases as also using the outside assistance of standing and special counsels.

With these credentials and the bar being aware that the creation of National GST Tribunal as part of GST dispute resolution process is engaging attention both of the Council as well as the Central Government and the same may come about any time, after due deliberations by the GST Council. This association cannot not remain passive in making its suggestion to such a dynamic and innovative leaders having zeal to implement fresh ideas that are beneficial in all respects. Accordingly, it is suggest to kindly consider our suggestion to add on the work of National Tax tribunal of GST to present Customs, Excise and Service Tax tribunal (CESTAT) with necessary minimal fine tuning through requisite amendments in statutory provisions.

The provisions relating to creation of Tribunal as well as its composition and creation of Benches etc. are part of the statute (Section 109 to 114 of the CGST Act, 2017 and mutatis mutandis State and U.T. legislations). Based on considerations of economy and fiscal prudence, relevant expertise, existence of prior administrative structure and optional utilization of existence judicial and technical man power, it is humbly suggested that the present CESTAT be restructured to make it functional as the National GST Tribunal. Broadly, for this the only requirement will be of additionally taking a technical member from the States. It may kindly be noted that the national tax tribunal has to only deal with matters relating to place of supply and therefore, with the limited number of cases on the subject likely to come before it, CESTAT can be duly considered, with its present workload as a worthy candidate. Presently CESTAT is having one Bench each at following places i.e. Delhi, Ahmedabad, Allahabad, Bangalore, Chennai, Chandigarh, Hyderabad, Kolkata and Mumbai. Some or all of them can be designate to function as National Tax Tribunal for GST matters. CESTAT already has existing jurisdiction for Customs matters and of legacy of Service Tax and Central Excise matters. The Tribunal already has as its President a former High Court Judge with sufficient standing, apart from Members (Judicial) as well as Members (Technical) who are presently being recruited in accordance with Tribunal Reforms Act, 2021 and which apply uniformly to a number of tribunals. A little bit of fine tuning of the GST Act with minimal amendments with the approval of GST Council can easily fulfill the need of GST Tribunal as effective dispute resolution forum at apex level, which in any case are required to be supplemented by state level appellate tribunals to resolve other than 'place of supply' litigation. The following benefits will accrue to GST administration if proposal meets the approval of all concerned in the Council:

1. Utilization of existing infrastructure and expertise to easily man this tribunal with much lower extra cost (i.e. of one member in each bench only)

2. Utilization of existing capacities instead of creating new ones at heavy cost with lesser formal experience in Tribunalization.

3. Minimum tinkering or amendments of GST Law required to implement the proposal.

4. The existing Tribunal (CESTAT) already has expertise to deal exclusively with matters of classification and valuation which along with questions pertaining to place of supply can easily be entrusted to it through GST benches to be specifically created with addition of Member (State)

5. The questions pertaining to the place of supply alone may not justify the need of creation of separate National Tax Tribunal and CESTAT can easily be improvised to deal with the work of handling additional issues relating to classification which are all based upon Customs Tariff and for which the wherewithal exists with present Customs Tribunal i.e. CESTAT.

To accommodate the requirement of federal tax structure of GST, the aspirations of states can easily be met by just additionally recruiting Members (State) in the Benches to be formed within CESTAT. This will lead to a drastic cut in expenditure, especially when litigation on such issues initially is not going to be much.

It is profoundly hoped that yourselves will find the proposal worthy of your kind consideration and approval for discussion in the council meeting. As far as legal and administrative improvisations are concerned, your competent teams headed by GST council secretariat are capable of handling the same.

On our part I shall be too pleased, if so desired, to put forth our view point on any aspect to carry the proposal forward.

Thanking you,

Yours faithfully,

A. C. Jain,

(President), ECGC Bar Association

1st Floor, West Block No.2,

R. K. Puram, New Delhi-110066.

M-9810125788

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Acts Income Tax