Loading...

Top
Help
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
    Supreme Court ruling offers little relief for Republicans divided on Trump's tariffs
    Trump says he'll raise tariffs to 15 per cent after Supreme Court ruling
    Trump announces hike in tariffs to 15 pc on all countries
    Cheating case: Delhi court refuses bail to businessman Satya Prakash Bagla
    Trump now hikes global tariffs 15 pc, up from 10 pc; US to announce new levies soon
    President Trump wants to impose 15% tariff, up from 10% he announced after Supreme Court decision
    President Trump wants to impose 15 pc tariff, up from 10 pc he announced after Supreme Court decision
    Modi, Lula discuss US supreme court striking down reciprocal tariffs; set USD 30 bn annual trade target
    Global leaders, businesses pore over fallout of more US tariff swoons
    MP Congress targets Chouhan over Indo-US deal
    India now faces 10 pc tariffs in US for 150 days; govt says studying implications
    Working to expand preferential trade agreement with Mercosur bloc: Piyush Goyal
    Put India-US trade deal on hold, renegotiate terms: Congress
    Trade deal with US compromises India's interests in agriculture sector; farmers to suffer: Kejriwal
    Pharma exports up 9.4 pc in FY25; industry aims for double-digit expansion in 2026-27
    Vikas Coal and Minerals wins bid to operate Jalna dry port
    Indian govt weighs impact of US Supreme Court tariff ruling: Comm Min
    Govt studying developments on US tariff: Commerce min
    Best Crypto To Buy Now: DeepSnitch AI Teases Working AI Dashboard, Strengthening the Community’s 100x Bets, BNB and XRP Log Small Recoveries
    Facility for Withdrawal from Rule 14A
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

News
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
February 22, 2026
Show AI Summary
Congressional authority over tariffs affirmed, but executive invoked temporary trade statute to impose new global import tax.
A majority of justices held that the power to levy tariffs is vested in Congress, voiding a major part of the presidential global tariff program; the President then invoked the Trade Act's temporary emergency authority to impose a new short-term global import tax, a provision never previously used this way, raising questions about the statute's reach and prompting political fallout, calls for consumer refunds, and intensified partisan divisions over trade policy.
February 21, 2026
Show AI Summary
Tariff authority: President seeks to impose a higher global tariff using alternate legal powers after court rebuke.
The President seeks to impose a higher global tariff relying on alternative executive authority and statutory avenues requiring Commerce Department investigations, while a separate executive order established a temporary import tax limited in duration and contingent on legislative extension; this raises constitutional questions about the allocation of tariff-setting and taxation powers and uncertainty over funds already collected.
February 21, 2026
Show AI Summary
Presidential tariff authority raised a temporary global import surcharge, altering trade deal dynamics and exemptions for critical goods.
The executive invoked trade act authority to impose a temporary global import surcharge, increasing a recently announced ad valorem levy and reserving the right to issue further legally permissible tariffs within a 150 day period; the proclamation excludes specified critical minerals, energy products, select agricultural goods, pharmaceuticals, certain electronics, passenger vehicles and aerospace products, and the surcharge is applied in addition to existing Most Favoured Nation import duties, affecting ongoing bilateral trade negotiations.
February 21, 2026
Show AI Summary
Criminal breach of trust: bail denied due to complex fund diversion, risk of evidence tampering and undisclosed antecedents.
Refusal of bail rested on prima facie findings that the NBFC owner-director engaged in calculated, layered diversion of investor funds amounting to criminal breach of trust; investigation remained at a nascent stage with a complex money trail requiring forensic analysis and a real risk of evidence tampering, compounded by the applicant's non-disclosure of prior criminal antecedents and insufficient medical justification.
February 21, 2026
Show AI Summary
Presidential authority on emergency economic powers challenged; administration announces higher worldwide import levies pending new tariff rules.
President announced an immediate increase in the worldwide import surcharge to a higher legally framed rate and stated the administration will determine new legally permissible tariffs; this follows a Supreme Court decision holding that reliance on IEEPA to impose sweeping duties exceeded presidential authority and has affected bilateral tariff arrangements under an interim trade framework with India.
February 21, 2026
Show AI Summary
Presidential tariff authority to impose global import taxes expanded via executive order, with temporary duration and statutory investigations.
The President announced an increase in a global import tariff implemented by an executive order designed to bypass ordinary congressional action and operate for a limited temporary period unless extended by legislation; concurrently, the administration is pursuing additional tariff measures under federal statutes that require Commerce Department investigations and administrative determinations.
February 21, 2026
Show AI Summary
Presidential tariff authority contested; executive order raises global import tariff after review of recent legal limitation.
After a judicial ruling that his emergency powers did not authorize sweeping tariffs, the President signed an executive order bypassing Congress to impose a temporary global import tax limited to 150 days unless extended by legislation; following review of the court decision he announced an upward adjustment to the proposed global tariff rate.
February 21, 2026
Show AI Summary
Reciprocal tariffs: leaders agree to study implications and adopt a wait-and-watch approach while boosting strategic trade ties.
Discussion focused on the trade-policy implications of a major US decision affecting reciprocal tariffs, with both leaders adopting a "wait-and-watch" posture to study potential US administrative responses. Parallel measures included a pact on critical minerals to build resilient supply chains, a joint digital partnership declaration, and multiple MoUs covering mining, MSMEs, healthcare, defence maintenance cooperation, and technology and energy collaboration.
February 21, 2026
Show AI Summary
Tariff invalidation prompts review of affected duties, potential refund claims, and continued uncertainty from proposed new tariff measures.
Invalidation of certain executive-era import duties removes the legal basis for specified tariff measures and creates potential refund claims by importers and foreign suppliers, while other tariffs tied to distinct statutory or product-specific authorities remain in force. Governments and businesses must distinguish between invalidated and continuing duties when reviewing compliance, pursuing restitution, and adapting contractual and supply chain plans amid the added uncertainty of proposed new tariff measures under alternative rules.
February 21, 2026
Show AI Summary
Trade agreement criticised as threatening farmers' livelihoods and spurring nationwide farmer protests and political agitation.
The state Congress contends the interim Indo US trade agreement will expose Indian farmers to damaging import competition-particularly in soybean and cotton-depress domestic prices, threaten small traders and related industries, and amount to a surrender of national agricultural interests. It has announced coordinated protests and gatherings (Kisan Sammelans, chaupals, marches) in Bhopal, Budhni and Vidisha, blaming the Union Agriculture Minister for failing to defend farmers and urging mobilisation to protect rural livelihoods.
February 21, 2026
Show AI Summary
Temporary import surcharge alters global trade rules, reshaping US-India tariff calculus and prompting reassessment of bilateral negotiations.
A temporary import surcharge has been proclaimed under Section 122 of the Trade Act of 1974 as a time limited global ad valorem levy effective February 24, operating in addition to existing MFN and import duties and excluding specified products. The measure alters the tariff calculus for India by reducing the immediate reciprocal tariff burden relative to prior higher levies while creating uncertainty about post period tariffs; the Indian government is studying implications as bilateral trade talks continue and stakeholders call for renegotiation and sectoral protections.
February 21, 2026
Show AI Summary
Preferential trade agreement expansion aims to broaden tariff coverage and deepen investment, technology and critical minerals cooperation India Mercosur
Expansion of the India Mercosur preferential trade agreement aims to convert a limited pact covering 450 tariff lines into a full agreement to improve market access, grow bilateral investment and foster technology partnerships. The parties set an enhanced annual trade target and signed a cooperation pact on critical minerals to support downstream processing and collaboration. Priority sectors include defense, energy and renewables, agri and agrochemicals, health and pharma, aerospace, automotive, semiconductors and digital technology, alongside measures to attract investment and ease business through visa facilitation and domestic reforms.
February 21, 2026
Show AI Summary
Trade Agreement Suspension: call to halt and renegotiate interim India-US deal to protect farmers after US tariff invalidation.
The article demands suspension and renegotiation of the interim India-US trade framework to protect farmers, asserting the Framework cannot be implemented following judicial invalidation of presidential tariff powers and the administration's subsequent reliance on alternative tariff measures; it requires the government to commit to no import liberalisation on agricultural products, to review the agreement's haste and sustainability, and to safeguard non tariff protections and domestic livelihoods pending clarifications.
February 21, 2026
Show AI Summary
Trade tariff changes threaten agricultural export competitiveness and expose domestic farmers to cheaper foreign imports.
An interim trade agreement reduces previously higher reciprocal US duties on Indian imports to a lower tariff level while lowering or eliminating duties on certain US agricultural imports into India, a realignment presented as likely to raise prices of Indian farm exports in the US and to increase competitiveness of US products domestically, threatening export opportunities for maize, soybean, dairy, peanut and cotton producers and exposing domestic farmers to cheaper US imports.
February 21, 2026
Show AI Summary
Pharma exports: government and industry focus on market access and trade engagement to boost competitiveness and growth.
The commerce ministry and industry discussed measures to sustain and accelerate pharmaceutical exports, focusing on enabling conditions, resolving trade bottlenecks, and coordinated engagement with exporters, regulators, and Indian Missions. Strategic trade engagements with major partners were identified to improve market access, competitiveness, and regulatory compliance, supporting industry aims for double-digit expansion.
February 21, 2026
Show AI Summary
Customs port status enables Jalna dry port to commence import-export operations after award of long-term operating mandate.
The National Highway Authority accepted Vikas Coal and Minerals Pvt. Ltd.'s bid to operate the Jalna Dry Port under a long-term operating mandate, subject to completion of administrative approvals and bank guarantee formalities; the operator will pay an annual, turnover-based fee. The facility has received customs port status, enabling import-export and customs processing, and essential infrastructure including a cargo terminal and a dedicated rail connection is operational, supporting imminent commencement of operations.
February 21, 2026
Show AI Summary
Presidential tariff authority curtailed; temporary import surcharge imposed alters bilateral tariff treatment and prompts trade talks.
Presidential tariff authority was found to have been exceeded when broad import levies were imposed; an executive proclamation subsequently announced a temporary import surcharge that modifies effective tariffs and operates in addition to existing MFN or import duties, prompting review of legal and commercial consequences and informing ongoing bilateral trade negotiations.
February 21, 2026
Show AI Summary
Tariff ruling prompts government review of international trade measures and potential policy implications for exporters and customs operations.
The government is assessing recent developments on US tariff measures after a judicial decision and an executive statement, and is studying announced administrative steps to evaluate implications for trade policy, tariff administration, and customs procedures.
February 21, 2026
Show AI Summary
Global tariffs may trigger market sell-offs, increasing interest in presale crypto assets with perceived volatility protection.
Announcement of renewed global tariffs and the Supreme Court's limitation on tariff authority are presented as macro drivers likely to increase market volatility, prompting traders to seek presale tokens. The article promotes DeepSnitch AI-citing reported presale funds raised, a preview of a dashboard powered by five AI agents, and an LLM-style DYOR risk-assessment tool-as a presale asset positioned to mitigate short-term swings; it contrasts this with BNB and XRP, which show modest recoveries but remain vulnerable to downside scenarios.
February 21, 2026
Show AI Summary
Withdrawal from Rule 14A registration: online opt out with Aadhaar authentication and specified return conditions required.
Enables electronic withdrawal from Rule 14A by filing Form GST REG-32 on the GST Portal: eligible active taxpayers must select the opt out option, state a reason, and complete Aadhaar authentication for the primary authorised signatory and at least one promoter/partner; ARN is issued only after successful authentication. Filing requires meeting return filing preconditions and completion of draft submission and authentication within specified timelines. While REG 32 is pending, certain amendments and self cancellation are barred. After issuance of Form GST REG-33, taxpayers must report output tax liability on supplies to registered persons exceeding the prescribed threshold.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Back

All News

Showing Results for : Reset Filters
Customs, DGFT & SEZ

India Building Bridges of Trade, Trust and Transformation; Secures Preferential Access to Two-Thirds of Global Trade: Union Minister of Commerce and Industry Shri Piyush Goyal.

February 25, 2026

Contents
Summary
Note

Note

-

Bookmark

Print

Print

India Accelerates FTA Outreach; GCC Talks Launched, Israel and Chile Discussions Advanced, Canada Negotiations Expected Soon: Shri Goyal

All Nine FTAs Signed with Complementary Developed Economies; ‘Reform, Perform and Transform’ by Prime Minister Narendra Modi Anchors India’s Global Growth Vision: Shri Goyal

Trade with Australia and UAE Doubles Following FTAs: Shri Goyal

Shri Goyal Charts Four-Point Roadmap to Transform India’s Exports: Grassroots FTA Outreach, Quality Focus, Value Addition and Local Ecosystems

Union Minister of Commerce and Industry Shri Piyush Goyal today said that at a time when the world is grappling with uncertainty, India is building “bridges of trade, trust and transformation,” and now enjoys preferential trade access to nearly two-thirds of global trade owing to a series of high-quality free trade agreements (FTAs) concluded under the leadership of Prime Minister Shri Narendra Modi.

Virtually addressing the 5th CII National Exports Competitiveness Summit in Chennai, Shri Goyal underlined that all nine FTAs signed under Prime Minister Narendra Modi’s leadership have been with developed economies that complement, rather than compete with, India’s growth journey. The Minister emphasised that no nation can become developed without opening its doors to the global economy, reiterating Prime Minister Narendra Modi government’s commitment to reform, perform and transform the Indian economy.

Shri Goyal highlighted the rapid pace of trade engagement, noting that within a span of six hours the Minister had engaged in three FTA-related discussions. India signed a joint statement launching FTA negotiations with the six-nation bloc of the Gulf Cooperation Council (GCC) in the Middle East. Shortly thereafter, Shri Goyal met the Israeli negotiating team to advance discussions on finalising an FTA. The Minister said that he will also hold discussions with the Chilean counterpart to conclude a new-age FTA that will provide India greater access to critical minerals.

Shri Goyal further informed that the Prime Minister of Canada is expected to visit India shortly, and both sides are hopeful of finalising the terms of reference and launching FTA negotiations with Canada later this week. The Minister described this strategic network of FTAs as part of India’s approach to de-risking through diversified trade partnerships, calling it unprecedented in scale and ambition.

The Minister stated that tangible results are already visible. Merchandise trade with Australia and the UAE has doubled since the signing of FTAs with these countries a few years ago. Shri Goyal said that the summit theme — Reform, Perform and Transform — is not merely a tagline but a living mantra and the core philosophy of the Prime Minister Narendra Modi Government.

Referring to the recently launched Export Promotion Mission, Shri Goyal said the initiative is designed to support micro, small and medium enterprises (MSMEs) by improving access to credit, reducing operational costs, helping them meet international compliance standards, enabling exports to demanding markets such as the EU and other developed nations, and addressing structural bottlenecks that have constrained India’s export potential.

Shri Goyal outlined four key pathways to transform India’s export journey:

First, taking FTAs to the grassroots through wider dissemination and awareness of their benefits in goods, services and investments. Shri Goyal said this awareness must reach clusters, districts and factory floors, supported by training of trainers and physical outreach across the country. Explaining both policy and profit will enhance utilisation of FTA benefits, especially when MSMEs understand how tariff reductions can open new markets and boost competitiveness.

Second, focusing on quality as a non-negotiable requirement. The Minister stated that quality is the passport to global markets and standards are entry tickets rather than barriers. Prime Minister Shri Narendra Modi’s vision of “Zero Defect, Zero Effect” (ZED), Shri Goyal said, must become the DNA of every exporter, recalling the Prime Minister’s consistent emphasis on quality since 2014.

Third, moving up the value chain. Shri Goyal urged exporters to progress step by step — from cotton to branded garments, from PVC to finished auto components, from steel to high-quality defence or aerospace parts, and from APIs to advanced pharmaceutical formulations. The Minister noted that value addition enhances jobs, improves margins and strengthens India’s global standing.

Fourth, building local export ecosystems through industry partnership. Shri Goyal called upon corporate India and industry associations to adopt districts, panchayats or tier-three and tier-four towns, mentor MSMEs and build backward linkages. When large firms collaborate with smaller enterprises within the same geography, districts evolve into export ecosystems, creating sustainable competitive advantages.

Describing India’s export growth story as one of confidence, resilience and aspiration, Shri Goyal said it belongs to 140 crore Indians and 10–11 crore MSMEs across professions and regions — from the weaver in Kanchipuram to the entrepreneur in Chennai. The Minister stressed that the government’s responsibility is to ensure clear pathways, accessible support and real opportunities for all potential exporters.

Shri Goyal concluded by emphasising that high quality and high productivity are indispensable for enhancing competitiveness, and that sustained competitiveness is fundamental to establishing India as a leading exporting nation.

***

Abhijiith Narayanan/ Ishita Biswas

Topics

Acts Income Tax