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
    NLDSL and Maharashtra Sign MoU to Strengthen State Logistics, Supporting Viksit Bharat
    CGST Delhi South Commissionerate unearths fraudulent availment of Input Tax Credit (ITC) of over Rs. 8 crore; director of company arrested
    Rs 7 crore GST fraud unearthed in UP's Pilibhit; 13 fictitious firms detected
    Amid Nashik probe, TCS says no complaints received through internal channels
    Nashik cops in Mumbra in search of woman accused in TCS case; question husband
    Agri industry experts urge govt to focus on food security in diplomatic talks amid West Asia crisis
    BJP protests across Jharkhand against electricity tariff hike
    ED conducts fresh raids in PMLA case against Kolkata realty group
    Mandatory biometric updation camps in Himachal govt, private schools from Apr 20
    Illegal Aadhaar card enrolment racket busted in Rajasthan's Hanumangarh, 1 held
    Forex kitty jumps USD 3.8 bn to reclaim USD 700-bn mark
    Sri Lanka's energy minister resigns on coal import issue days after surviving no trust motion
    Alt Capital Launches AYF III; Partners with FundsIndia Private Wealth to Raise Rs. 1,000 Crore
    Government recognizes more than 55,200 startups during FY 2025-26, highest ever in a single year since launch of Startup India initiative
    Government Undertakes Reforms to Strengthen Norms Committees under DGFT for Faster Disposal of Advance Authorisation Applications
    Panchshil Realty Achieves Multiple ISO Certifications Across 12 Office Parks Spanning ~16.6 million Sq. Ft.
    Indian envoy appreciates US support for stronger bilateral ties
    Advisory on Re-Computation of Interest under Table 5.1 of GSTR-3B
    Indian Institute of Corporate Affairs (IICA) Conducts One Week Induction Training Programme for IFSCA Officers
    Ministry of Corporate Affairs (MCA) invites public comments for reviewing the Companies (Incorporation) Rules, 2014 and for the rationalisation of the...
❯❯
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
April 18, 2026
Show AI Summary
Logistics digitisation through ULIP aims to improve visibility, coordination, and real-time decision-making in the State.
NICDC Logistics Data Services Limited and the Government of Maharashtra signed a Memorandum of Understanding to digitize the State's logistics ecosystem through the Unified Logistics Interface Platform. The collaboration is intended to improve visibility, streamline logistics operations, promote coordination among State departments, and support real-time, data-driven decision-making. ULIP functions as a unified digital gateway integrating logistics-related data from Government systems through APIs and supporting digital logistics applications.
April 18, 2026
Show AI Summary
Input Tax Credit fraud detected through supply-chain analysis, with ineligible credit passed on and director arrested.
Fraudulent availment and utilisation of Input Tax Credit under the CGST Act was detected through data analytics and backward supply-chain verification, showing ineligible ITC claimed without underlying supply and breaking the credit chain under Section 16. Ineligible ITC was also passed on to buyers without corresponding supply. The director admitted controlling the transactions but failed to produce documentary evidence, and was arrested under the CGST Act while further investigation continued.
April 17, 2026
Show AI Summary
GST credential misuse and fake invoicing alleged in a fraudulent scheme involving fictitious firms and bogus billing transactions.
Misuse of GST credentials was alleged in a fraudulent loan-arrangement scheme in which a local businessman was induced to share his GST ID, password and Aadhaar details on the pretext of obtaining a bank loan. Purchases of nearly Rs 7 crore were later shown under his GST registration without corresponding return filings. Police stated that fake invoices had been generated in the names of about 13 fictitious firms, and investigation was continuing to trace the wider syndicate.
April 17, 2026
Show AI Summary
Internal complaint channels and workplace conduct oversight shape TCS response amid Nashik allegations and probe.
TCS stated that a preliminary review of systems and records relating to its Nashik unit had not received any complaints through its internal ethics or POSH channels concerning the allegations under police probe. The company said it has constituted an oversight committee chaired by an independent director and has engaged external counsel to assist its internal investigation, with the report of the inquiry to be reviewed for implementation of recommendations.
April 17, 2026
Show AI Summary
Workplace harassment and forced conversion probe intensifies as police search for an absconding accused and question her husband.
Police investigation continued into allegations arising from an IT workplace complaint involving sexual harassment, mental harassment, exploitation and alleged forced religious conversion at a TCS unit. A special investigation team was constituted after complaints by female employees, and multiple cases were registered on these allegations. Several employees were arrested, while one woman accused remained absconding and was being traced by police teams across different locations. The employer stated that it maintains a zero-tolerance policy toward harassment and coercion and had suspended employees allegedly involved in the misconduct.
April 17, 2026
Show AI Summary
Food security concerns intensify as West Asia disruptions raise logistics costs, freight volatility and supply chain risks.
Food security was identified as a central policy concern amid disruptions arising from the West Asia crisis. Experts warned that higher logistics costs, energy prices, fertiliser costs, shipment delays and working capital stress were increasing risks across India's food ecosystem, with maritime route disruptions affecting imports of essential commodities and export competitiveness. Policy support was advocated through freight stabilisation, alternative trade routes, diversified sourcing, stable export policies, logistics resilience, domestic production, working capital support and real-time monitoring of global supply disruptions.
April 17, 2026
Show AI Summary
Electricity tariff hike draws statewide protests amid claims of consumer burden, regulatory objection, and broken welfare promises.
Opposition protests were reported across Jharkhand against the state government's electricity tariff hike, with demands for withdrawal of the revised rates. The criticism focused on the burden on ordinary consumers, alleged inconsistency with promises of free electricity and welfare measures, and reported objections from the State Electricity Regulatory Commission. The protests were also tied to broader allegations of administrative failure, corruption, and excessive electricity billing.
April 17, 2026
Show AI Summary
Money laundering probe over alleged forged title deeds and land-grabbing linked to Kolkata realty projects.
Fresh searches were conducted by the Enforcement Directorate under the Prevention of Money Laundering Act against entities linked to a Kolkata-based real estate group in a money laundering probe. The investigation concerns alleged fabrication of a false chain of title through forged documents, land-grabbing allegations, and the use of that title claim to launch real estate projects and induce public investment. The company denies wrongdoing and says its project was developed under a valid agreement.
April 17, 2026
Show AI Summary
Aadhaar biometric updation camps to be held in Himachal schools for eligible children under UIDAI guidelines.
Mandatory biometric update camps are to be organised in government and private schools across Himachal Pradesh in a district-wise phased manner to facilitate Aadhaar biometric updation for children who have attained the age of five years or 15 years. The camps follow UIDAI guidelines requiring updated fingerprints, iris scan and photograph to maintain the validity and accuracy of Aadhaar, and guardians are advised to ensure timely completion of the process.
April 17, 2026
Show AI Summary
Illegal Aadhaar enrolment racket exposes biometric fraud, forged identities and misuse risks in digital authentication systems.
Illegal Aadhaar enrolment activity was detected in Hanumangarh district, where an unauthorised centre was allegedly operated using the login credentials of other operators to generate fake Aadhaar cards by manipulating biometric data. Dummy fingerprints, copied retina images and forged signatures on enrolment receipts were used to bypass authentication safeguards. Police seized equipment including a laptop, printer, iris scanner, fingerprint devices, GPS equipment, camera and a mobile phone, and registered a case under relevant provisions of the Bharatiya Nyaya Sanhita and the IT Act.
April 17, 2026
Show AI Summary
Foreign exchange reserves rise as higher currency assets and gold lift India's forex kitty above the USD 700-billion mark.
India's foreign exchange reserves increased to USD 700.946 billion during the week ended April 10, 2026, driven by higher foreign currency assets, gold reserves, Special Drawing Rights and the reserve position with the International Monetary Fund. The foreign currency assets rose to USD 555.983 billion, while gold reserves increased to USD 121.343 billion and Special Drawing Rights to USD 18.763 billion.
April 17, 2026
Show AI Summary
Coal import probe prompts Special Presidential Commission to review procurement procedures, state loss, and energy sector oversight.
Sri Lanka appointed a Special Presidential Commission of Inquiry to examine coal imports for power generation by Lanka Coal Ltd from the commencement of imports up to 16 April 2026, including whether the imports caused loss to the state and whether accepted procurement procedures were followed. The commission was constituted under the Special Presidential Commissions of Inquiry Act and its special provisions. The inquiry followed concerns raised over coal procurement and alleged irregularities in the state supply chain for thermal power generation.
April 17, 2026
Show AI Summary
Category II AIF launch targets pre-leased commercial real estate through a diversified income-oriented investment strategy.
SEBI-registered Category II AIF manager Alt Capital announced the launch of AltCap Yield Fund III, the third scheme under its alternative investment fund platform, in partnership with FundsIndia Private Wealth to raise a target corpus of Rs. 1,000 crore with an additional green shoe option. The scheme is targeted at institutional investors, HNIs, family offices, and select domestic and NRI investors, and is positioned as an income-oriented real estate vehicle focused on stable, pre-leased Grade A/A+ office and warehousing assets. The stated approach includes diversification, prudent leverage, and a portfolio-exit strategy.
April 17, 2026
Show AI Summary
Startup India recognition, funding support, and public procurement expand as startup numbers, jobs, and patent filings rise.
Government recognition of startups under the Startup India initiative reached a record level in FY 2025-26, with total recognised startups crossing 2.23 lakh and direct jobs exceeding 23.36 lakh. Support continues through the Fund of Funds for Startups, the Startup India Seed Fund Scheme, and the Credit Guarantee Scheme for Startups, including expanded guarantee cover, incubator funding, and continued disbursement mechanisms. Startup-led innovation has also grown through higher patent filings and wider participation in public procurement through the Government e-Marketplace.
April 17, 2026
Show AI Summary
Norms Committees reform under DGFT aims to streamline duty-free import approvals and improve trade facilitation for exporters.
Strengthening of Norms Committees under the Directorate General of Foreign Trade has been undertaken to improve the administration of the Advance Authorisation and Duty-Free Import Authorisation schemes under the Foreign Trade Policy. These schemes permit duty-free import of inputs physically incorporated in export products, with authorisations ordinarily issued against notified Standard Input Output Norms and, where such norms are unavailable, against self-declared input-output norms later examined and finalised by sector-specific committees. The reforms are directed at improving turnaround time, enabling earlier approvals, and making the norms fixation process more transparent and predictable.
April 17, 2026
Show AI Summary
Integrated Management System certification reinforces quality, safety, sustainability and facility management across a large office park portfolio.
Panchshil Realty's 12 office parks have obtained an Integrated Management System certification covering quality management, environmental management, occupational health and safety management, and facility management. The certified portfolio spans IT, SEZ and mixed-use office parks and extends to end-to-end Integrated Facility Management services, including engineering operations and maintenance, soft services, safety and security systems, civil upkeep, and digital FM enablement. The certifications are presented as internationally accredited and tied to standardised systems, stronger operational frameworks, and global ESG-aligned service delivery.
April 17, 2026
Show AI Summary
India-US partnership gains momentum as diplomatic talks continue alongside bilateral trade agreement negotiations.
Indian Ambassador Vinay Mohan Kwatra discussed issues of mutual interest with Congressman Pete Sessions and appreciated his support for a stronger India-US partnership. The meeting formed part of ongoing diplomatic engagement as India and the US negotiated the finer elements of a bilateral trade agreement, following earlier finalisation of a framework for the first phase.
April 17, 2026
Show AI Summary
Interest recomputation under GSTR-3B allows correction of auto-calculated delayed-filing interest through the GST Portal.
GST Portal auto-calculates interest on delayed filing of GSTR-3B and auto-populates it in Table 5.1 of the subsequent return, with the breakup available in the system-generated GSTR-3B PDF. If the interest has been computed incorrectly without giving benefit of the minimum cash balance in the Electronic Cash Ledger under the proviso to Rule 88B(1) of the CGST Rules, 2017, taxpayers may use the "RE-COMPUTE INTEREST" option in Table 5.1. The revised interest then appears in the updated PDF and should be manually entered in Table 5.1, not below the recomputed amount.
April 17, 2026
Show AI Summary
Regulatory capacity building for IFSC officers through training on corporate laws, securities regulation, and cross-border financial frameworks.
An induction training programme was commenced for Assistant Managers of the International Financial Services Centres Authority under the Memorandum of Understanding between IFSCA and the Indian Institute of Corporate Affairs. The collaboration is aimed at strengthening India's international financial services ecosystem through capacity building, policy research, and knowledge partnership, with the programme serving as an operational step in that arrangement. The training is designed to equip IFSCA officers with a working understanding of corporate laws, governance frameworks, financial regulations, cross-border transactions, securities regulation, corporate finance, financial reporting, cross-border insolvency, and IFSC-specific regulatory frameworks.
April 17, 2026
Show AI Summary
Companies incorporation reform streamlines filings, simplifies compliance, and modernises electronic communication under the proposed amendment rules.
Public consultation has been invited on proposed amendments to the Companies (Incorporation) Rules, 2014 to streamline incorporation, reduce repetitive compliance, rationalise KYC and documentation, modernise communication methods, and align the filing framework with Ease of Doing Business objectives. The draft also proposes consolidation of multiple forms into simplified e-forms, simplified name reservation rules, revised registered office documentation and verification requirements, updated procedures for shifting registered office, expanded DIN allotment at incorporation, and more flexible integrated registration under AGILE-PRO-S.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Showing Results for : Reset Filters
Customs & Trade

BRFEDF Flags Systemic Issues in Shipping Line Practices; Urges Urgent Policy Intervention Following DG Shipping Meeting

April 27, 2026

Contents
Summary
Note

Note

-

Bookmark

Print

Print

New Delhi, Delhi, India (NewsVoir) The Directorate General of Shipping (DG Shipping), under the Ministry of Ports, Shipping and Waterways, Government of India, convened a high-level meeting with exporters and industry stakeholders on 17 April 2026 to address the ongoing crisis arising from disruptions in maritime services linked to geopolitical developments in the Middle East.

The meeting formally recognized that the challenges faced by exporters are systemic, widespread, and not isolated incidents, cutting across sectors, ports, and shipment categories, and require policy-level intervention. Exporters across industries—including agri commodities, food products, FMCG, and handicrafts—highlighted severe operational and financial distress resulting from unilateral actions by global shipping lines.

Containers remain stranded across ports, ICDs, and transshipment hubs due to service suspensions, rerouting, and cargo diversions. Despite the disruption in cargo movement, exporters continue to incur detention, demurrage, and multiple ancillary charges.

Ms. Priyanka Mittal, Chairperson, Basmati Rice Farmers & Exporters Development Forum, stated, “We appreciate DG Shipping’s proactive step in formally documenting exporter grievances and acknowledging the scale and seriousness of the issue. However, the situation on the ground continues to remain extremely challenging for exporters.” Exporters reported widespread imposition of charges that are arbitrary, non-transparent, and disproportionate to services rendered, including war risk surcharges (WRS), detention, demurrage, congestion levies, and transshipment-related costs. War risk surcharges alone have ranged from USD 800 to USD 6,000 per container, often imposed without prior notice or revised retrospectively. In several cases, cumulative charges have escalated to 60–70% of cargo value, rendering exports commercially unviable.

Operational disruptions have further aggravated the situation, with shipping lines unilaterally: • Diverting cargo to alternate ports such as Jebel Ali, Sohar, and Salalah • Holding containers at transshipment hubs without clarity on onward movement • Returning containers to origin ports (“back-to-town” scenarios) These decisions have been taken without adequate consultation with exporters, while the financial burden arising from such disruptions continues to be borne entirely by them.

“Exporters are effectively being asked to absorb open-ended financial liability for circumstances entirely beyond their control. This is not sustainable and requires urgent correction,” Ms. Mittal added.

A key concern highlighted during the meeting was the lack of transparency and absence of standardized norms governing shipping line charges. Exporters noted that charges are frequently imposed without adequate justification or cost breakdown, and often communicated after cargo movement has commenced, creating significant uncertainty and contractual risk.

The discussions also brought out a critical structural gap in India’s maritime ecosystem, including the absence of a clear regulatory framework governing shipping line practices, lack of standardization in the application of detention and demurrage, and absence of defined protocols for handling force majeure situations and cargo diversions.

“In this context, the continued imposition of charges without commensurate service delivery raises important questions of alignment with the principles of fairness, reasonableness, and carrier obligations embedded within India’s maritime regulatory framework, including the Merchant Shipping Act,” Ms. Mittal noted.

Exporters, particularly MSMEs, highlighted a significant imbalance in bargaining power between large global shipping lines and individual exporters, leaving them with limited recourse and exposing them to disproportionate financial risks. The ongoing accumulation of charges has created what many described as a “running meter,” severely impacting working capital and, in some cases, forcing exporters to consider abandoning cargo.

Beyond immediate financial stress, the situation is straining export commitments, disrupting long-standing buyer relationships, and undermining India’s credibility as a reliable supplier in global markets.

DG Shipping informed participants that complaints have been formally registered, assigned unique tracking mechanisms, and will be consolidated for submission to the Inter-Ministerial Group (IMG), DGFT, and other relevant authorities for policy-level consideration. Industry bodies including FIEO have also submitted consolidated representations reflecting the widespread nature of the issue.

While acknowledging the facilitative role played by DG Shipping, the industry has urged time-bound and decisive intervention, including: • Ensuring that charges are strictly linked to actual services rendered • Directing shipping lines to release and allow return of containers without linkage to disputed charges • Establishing clear regulatory guidelines for treatment of cargo during force majeure and geopolitical disruptions • Introducing standardized norms and transparency requirements for shipping line charges “Immediate relief is essential to prevent further financial damage. At the same time, this situation presents an opportunity to address long-standing structural gaps and create a more transparent, balanced, and resilient maritime trade framework for India,” Ms. Mittal said.

The industry emphasized the need for a collaborative, rules-based approach, with regulators, shipping lines, and exporters working together to ensure continuity of trade while upholding fairness and accountability.

Exporters remain hopeful that the ongoing engagement will lead to timely, structured, and enforceable solutions that safeguard India’s agri, FMCG, and MSME export sectors—critical pillars supporting farmer incomes, employment, and the broader economy.

“If left unaddressed, such practices risk setting a precedent that could undermine confidence in India’s maritime trade framework and distort fair market conduct,” Ms Mittal concluded.

(Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR PWR PWR

Topics

Acts Income Tax