Just a moment...

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 characters0/2000
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.
RelevanceDefaultDate
    DRI busts cross-border gold smuggling racket in West Bengal; 24 kg foreign-origin gold worth ₹34 crore seized, seven held
    DRI busts illicit gold facility in pan-India operations; 9 kg smuggled gold, 42 kg silver, and forex worth ₹8.5 crore seized
    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman embarks on official 4-day visit to France
    Kerala Assembly: LDF boycotts proceedings over Finance Bill’s Subject Committee bypass
    BCC urges Bengal CM to press for GST rationalisation in paperboard packaging
    Karnataka begins Gruha Jyothi verification; BJP questions PAN, caste certificate requirement
    GST mop-up grows 14 pc to Rs 1.95 lakh cr in June
    Kisan Credit Card loan 'scam' unearthed in J-K
    UPI Goes Live in Greece, Commerce and Industry Minister Shri Piyush Goyal Witnesses the Launch at Eurobank
    Govt hikes windfall tax on petrol, cuts levy on diesel, ATF exports
    Banks NPA at multi-decadal low of 1.8pc, Indian financial system remains resilient: RBI report
    Home Minister Amit Shah launches revamped FCRA portal, e-OCI card
    Monthly review of accounts of Government of India upto May 2026 (FY 2026-27)
    Government extends full customs duty exemption on critical petrochemical products in view of ongoing conflict in West Asia till 15th July 2026
    DRI busts trans-border gold smuggling syndicate; seizes 15 kg smuggled gold; four arrested
    US-Iran thaw to provide tailwinds for growth: RBI
    Domestic financial system remains resilient despite external shocks, says RBI report
    Government extends last date for filing appeals before the GST Appellate Tribunal to 31st July 2026
    Centre extends CBDT Chairman Ravi Agrawal's tenure by 6 months
    How Delta Exchange India Makes Crypto Trading Simple and Affordable
❯❯
MaximizeMaximizeMaximize
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 SummariesHide All Summaries
    July 1, 2026
    Show AI Summary
    Foreign-origin gold smuggling intercepted in West Bengal, with concealed bars seized and seven persons arrested.
    Cross-border smuggling of foreign-origin gold along the Indo-Bangladesh border in West Bengal was intercepted in an intelligence-led operation by the Directorate of Revenue Intelligence. Seven persons travelling on separate motorcycles were searched, resulting in recovery of foreign-marked and defaced gold bars concealed in specially tailored cloth belts worn around their waists to avoid detection. The recovered gold was seized under the Customs Act, 1962, and all seven persons involved in the smuggling operation were arrested.
    July 1, 2026
    Show AI Summary
    Cross-border gold smuggling and illicit currency routing exposed through coordinated DRI operations linking carriers, cargo consignments, and a melting unit.
    Cross-border gold smuggling was detected through coordinated DRI operations involving multiple carriers, train routes and a Delhi-based illicit melting facility. Foreign-origin gold concealed on persons and in a customised waist belt was recovered, and the persons involved were arrested. A separate Chennai operation unearthed the illicit movement of foreign currency through domestic air cargo consignments, with the currency being used to finance organised smuggling of gold and silver into India.
    July 1, 2026
    Show AI Summary
    India-France strategic economic partnership deepens through bilateral dialogue, investment promotion, technology collaboration and innovation-focused engagements.
    Official visit to France focuses on strengthening the India-France strategic economic partnership through bilateral engagements directed at economic cooperation, investment promotion, technology collaboration and innovation. The Finance Minister is scheduled to co-chair the India-France Economic and Financial Dialogue and discuss broader areas of bilateral cooperation across sectors. The visit also includes meetings with global CEOs and business leaders, a panel discussion on expanding the middle class, visits to the ITER fusion project and Campus Cyber, discussions on investment, clean energy and technology cooperation, and a community event with the Indian diaspora.
    July 1, 2026
    Show AI Summary
    Subject committee scrutiny of finance bills sparks assembly boycott over liquor tax policy changes.
    Opposition members in the Kerala Assembly objected to the government moving the Finance Bill directly before the House without first referring it to the Subject Committee. The dispute concerned proposed changes to liquor-related tax policy, including amendments to the Kerala GST framework and a substantial reduction in taxes on certain liquor products. The Chief Minister said all legal and procedural requirements had been followed and that there was no legal basis for the objection, after which the Speaker rejected the point of order and the Opposition boycotted the proceedings.
    July 1, 2026
    Show AI Summary
    GST rationalisation for paperboard packaging sought to ease inverted duty structure and support MSMEs.
    A trade chamber has sought GST rationalisation for paper and paperboard used in manufacturing corrugated cartons, boxes and cases, proposing a reduction from 18 per cent to 5 per cent. The request is based on the inverted duty structure created when raw materials attract 5 per cent GST while the finished product attracts 18 per cent GST, leading to embedded tax costs. The chamber says the measure would support competitiveness, MSME liquidity, employment generation and exports.
    July 1, 2026
    Show AI Summary
    Beneficiary verification under free electricity scheme draws criticism over PAN and caste certificate requirements for eligibility checks.
    Door-to-door verification was begun for beneficiaries under the Gruha Jyothi scheme, with electricity staff collecting records through a mobile application and declaration form. Beneficiaries were asked to keep Aadhaar card for verification only, passport-size photograph, voter ID card, PAN card, tenancy or rental agreement where applicable, ration card, and caste certificate ready. The exercise was said to check misuse, while opposition criticism focused on the request for PAN cards and caste certificates.
    July 1, 2026
    Show AI Summary
    GST collections surge on strong import revenue and domestic supplies, with refunds rising alongside business liquidity support.
    GST collections rose sharply in June, with gross revenue increasing 14 per cent to about Rs 1.95 lakh crore, driven by higher receipts from imports and domestic supplies. Domestic transaction collections grew 6.5 per cent to about Rs 1.35 lakh crore, while import-related revenue surged 34.6 per cent to Rs 60,038 crore. After refunds of Rs 32,436 crore, net GST collection rose 11.2 per cent to over Rs 1.62 lakh crore.
    July 1, 2026
    Show AI Summary
    Kisan Credit Card misuse and banking credential fraud alleged in loan manipulation case, with chargesheet filed after investigation.
    Alleged manipulation of Kisan Credit Card accounts and unauthorised debit transactions was reported against a daily wage employee of J-K Bank, with investigators stating that banking credentials were misused to siphon funds and enhance credit limits without authorisation. A chargesheet was filed against the accused for allegedly obtaining an amount through unauthorised transactions, manipulation of KCC loan limits, and misuse of banking credentials.
    July 1, 2026
    Show AI Summary
    UPI expansion and cross-border digital payments advance as services go live in Greece alongside India-Greece business cooperation.
    UPI services were launched live in Greece through the Eurobank-NIPL partnership, extending India's digital payment ecosystem to a new international market. Eligible customers may transfer money instantly, securely, and seamlessly, with transaction costs reduced significantly compared with conventional money transfer methods. The accompanying India-Greece business engagements focused on strengthening trade, investment, and commercial cooperation across sectors including infrastructure, digital innovation, defence, food processing, and agriculture.
    June 30, 2026
    Show AI Summary
    Windfall tax on petroleum exports revised, with lower diesel and ATF levies and a higher petrol export duty.
    Windfall gains tax on petroleum exports was revised for the fortnight beginning July 1, with the levy on diesel exports reduced and the levy on ATF exports reduced, while the duty on petrol exports was increased. The revised special additional excise duty applies to exports only, and there is no change in the existing duty rates on petrol and diesel cleared for domestic consumption. The exemption earlier available for exports of petrol, diesel and ATF by Public Sector Oil Companies to Nepal, Bhutan, Bangladesh and Sri Lanka was extended to similar exports to Mauritius and Maldives.
    June 30, 2026
    Show AI Summary
    Banking system resilience remains strong as NPAs fall, while funding costs and AI cyber threats intensify.
    Indian financial system remains resilient, supported by strong bank and non-bank balance sheets, with gross non-performing assets at a multi-decadal low of 1.8 per cent as of March 2026. The report flags funding challenges from a shift away from low-cost deposits to higher-cost liabilities, rising external risks from geopolitical tensions and commodity price pressures, and AI-enabled cyberattacks as the most important near-term bank cyber threat.
    June 30, 2026
    Show AI Summary
    Foreign contribution compliance becomes fully digital as the revamped FCRA portal streamlines verification, monitoring and online filing processes.
    A revamped online FCRA portal digitises registration, renewal, annual returns and other foreign contribution compliance processes, while incorporating the new amendment rules and enabling real-time monitoring through integrated database verification. A separate e-OCI Card provides a fully digital OCI process, online document submission and passport-detail updates without requiring a new booklet for older cardholders.
    June 30, 2026
    Show AI Summary
    Government of India monthly accounts show receipts, tax devolution, and expenditure composition up to May 2026.
    Government of India's monthly accounts up to May 2026 show consolidated receipts of Rs.7,18,669 crore, including net tax revenue, non-tax revenue, and non-debt capital receipts, with Rs.1,75,557 crore transferred to State Governments as tax devolution. Total expenditure stood at Rs.8,81,023 crore, covering revenue and capital account spending, including interest payments and major subsidies.
    June 30, 2026
    Show AI Summary
    Customs duty exemption on critical petrochemical imports extended to support supply chains and domestic availability.
    Full Customs Duty exemption on imports of critical petrochemical products has been extended until 15 July 2026 as temporary and targeted relief in view of the conflict in West Asia and disruptions in global supply chains. The extension is intended to ensure sufficient availability of petrochemicals in the domestic market, with the list of covered products unchanged from the earlier notification. The exemption is expected to support sectors dependent on petrochemical feedstock and intermediates and provide relief to consumers of final products.
    June 30, 2026
    Show AI Summary
    Trans-border gold smuggling and cryptocurrency financing exposed after concealed foreign-origin gold was recovered from a courier consignment.
    Trans-border gold smuggling operation involving foreign-origin gold concealed in an international courier consignment declared as "worn gear" was intercepted by the Directorate of Revenue Intelligence. Examination of the consignment led to recovery of foreign-origin smuggled gold hidden inside gear parts, and subsequent searches at the residence of the intended recipient and the alleged mastermind yielded additional concealed gold pieces. Four persons, including the alleged mastermind and a foreign national, were arrested, and preliminary investigation indicated use of cryptocurrency to finance the smuggling network.
    June 30, 2026
    Show AI Summary
    Economic growth resilience improves as supply chain normalisation, capital inflows and policy support offset external shocks and inflation pressures.
    The interim peace deal between Iran and the US is expected to support Indian economic growth by easing global turbulence and helping normalise supply chains. High-frequency indicators suggest firm activity, while government support to MSMEs and exports may cushion external shocks. Elevated commodity prices, a weak monsoon and limited fuel price pass-through could pressure inflation, the fiscal deficit and domestic growth, although external sector resilience and stronger capital inflows may mitigate funding constraints.
    June 30, 2026
    Show AI Summary
    Financial system resilience strengthened by capital buffers, improving asset quality, and stress-tested banking stability amid AI cyber threats.
    Domestic financial system remains resilient, supported by strong bank and non-bank balance sheets, with scheduled commercial banks described as safe and sound and stress tests showing capital ratios above regulatory thresholds even under adverse scenarios. Non-banking financial companies are also financially sound, while AI-enabled cyberattacks are identified as the most important near-term cyber threat.
    June 30, 2026
    Show AI Summary
    GST appeal filing deadline extended for tribunal appeals after portal pressure and stakeholder representations.
    The Government has extended the due date for filing appeals before the Goods and Services Tax Appellate Tribunal under Section 112(1) read with Section 112(3) to 31.07.2026. An earlier notification had fixed 30.06.2026 as the last date for such filings. The extension was issued in response to representations from stakeholders pointing to technical difficulties caused by a surge in filings on the GSTAT portal.
    June 30, 2026
    Show AI Summary
    CBDT chairmanship tenure extension on contract basis under re-employment terms and relaxed recruitment rules.
    The Union government extended the tenure of the CBDT Chairman, Ravi Agrawal, by six months on a contract basis from 01.07.2026 or until further orders, whichever is earlier. The extension is on the terms and conditions applicable to re-employed central government officers, in relaxation of the Recruitment Rules, for his continued service as Chairman of the Central Board of Direct Taxes.
    June 30, 2026
    Show AI Summary
    INR-settled crypto derivatives trading stands out with low fees, tax treatment differences, and beginner-friendly platform features.
    Delta Exchange India is presented as an INR-focused crypto trading platform designed to simplify futures, options, and tracker trading through low fees, full rupee settlement, and features for beginners and advanced traders. The platform integrates with UPI and IMPS, offers a demo account, strategy builder, basket orders, API access, and an algo marketplace, while operating in line with Indian regulations and using security measures such as two-factor authentication and multi-signature wallets. It also states that INR-settled derivatives are treated differently from direct crypto purchases under Indian tax rules and are not subject to the 1% TDS or 30% flat tax applied to direct crypto transactions.

    News

    Back

    All News

    Showing Results for :
    Reset Filters
      No Records Found

      News

      Back

      All News

      whatsappJoin Channel
      Showing Results for : Reset Filters
      Customs, DGFT & SEZ

      DRI busts several wildlife trafficking networks across India operations

      July 14, 2026

      Contents
      Summary
      Note

      Note

      -

      Bookmark

      Print

      Print

      Over 440 endangered/protected wild life animals and about 15 kg in ivory articles and elephant ivory seized in coordinated operations across country; 33 arrested

      In a series of intelligence-driven pan-India operations against illegal wildlife trafficking, Directorate of Revenue Intelligence (DRI) has seized 440 endangered/protected wild life animals and about 15 kg in ivory articles and elephant ivory in coordinated operations across country; and arrested 33 persons involved in wildlife trafficking.

      On 10.07.26, officers of DRI intercepted persons engaged in the illegal trade of elephant ivory near Sujangarh, Rajasthan. The operation resulted in the recovery and seizure of about 11 kg elephant ivory. Four persons were apprehended and, were handed over to the Forest Department along with the seized ivory, for further action under the Wildlife (Protection) Act, 1972. The Indian elephant (Elephas maximus) is listed under Schedule I of the Wildlife (Protection) Act, 1972, which prohibits trade in elephants and their derivatives. Commercial trade in ivory is also prohibited in India in line with its obligations under CITES, and the import and export of ivory are prohibited under the Foreign Trade Policy.

      Earlier, in Howrah, DRI officers, apprehended two persons and seized two idols of deities made of ivory, which were suspected to have been smuggled into India from Bangladesh.

      In another operation at Mysuru, Karnataka, DRI officers seized 4 kg elephant ivory and apprehended three persons involved in its illegal trade before handing them over to the Forest Department for further action.

      On 7th-8th July, 2026, an interstate wildlife trafficking syndicate was busted at multiple locations across Maharashtra and West Bengal. This was a first-of-its-kind of large joint operation conducted by the DRI, Mumbai, and the CBI, Economic Offences Branch (EOB), Mumbai, with the support from the Wildlife Crime Control Bureau (WCCB). During the operation, several wildlife species listed under Schedule I of the Wildlife (Protection) Act, 1972, namely, 15 Slow Lorises, 2 Binturongs, 28 Star Tortoises, 6 Egyptian Vultures and 2 Shikra birds were recovered and rescued. The intelligence in the case was developed by DRI and the matter is now being investigated by CBI.  Six accused persons were apprehended and subsequently arrested by the CBI.

      In some other instances, DRI has successfully foiled multiple attempts to smuggle protected wildlife into India through international airports by passengers arriving from Bangkok, Kuala Lumpur and Colombo. In which species like Albino Red eared Turtle, Hypo zero Bearded Dragon, African spurred tortoise, Borneo python, Green iguana, Mangrove monitor lizard, Argentine black and white tegu, Goeldi’s marmoset, Yellow cheeked gibbon, Indonesian blue tongued skink, Siamang Gibbon, Woolley monkey, Silvery lutung, Yellow belly Ball Python, Pastel ball python etc. have been seized and rescued.

      DRI’s coordinated operations in Bengaluru, Warangal, Pune, Surat, Chennai, Kolkata, Trichy, Madurai, Srikakulam, Hojai (Assam), Rajasthan, Mysuru, and Howrah, have led to the seizure and recoveries of wildlife products including, pangolin scales, leopard pelt, seahorse-based wildlife articles, Red sanders, and protected species of Gibbons, lizards, tortoises, birds, squirrels, snakes, red sand boa etc.

      Several of these operations were executed in close coordination with partner enforcement agencies, including the CBI, WCCB, Airport Intelligence Units of Customs at Bengaluru, Kolkata, Trichy and Madurai, State Forest Departments, and local police authorities.

      These sustained intelligence-led operations underscore DRI's commitment to combating organised wildlife crime and disrupting transnational trafficking networks dealing in endangered fauna and flora.  DRI continues to strengthen India's obligations under the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES), thereby contributing to the protection of the country's rich biodiversity.

      Topics

      ActsIncome Tax