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August 27, 2026
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Semiconductor investment cooperation anchors expanded India-Japan industrial partnerships across technology, manufacturing, clean energy, infrastructure, and financial services.
Semiconductor and artificial-intelligence cooperation centres on a six-pillar semiconductor strategy encompassing chip design, semiconductor machinery and materials, fabrication, ATMP/OSAT, research and development, and talent development. Japanese participation is sought across semiconductor materials and equipment, power semiconductors, electronics, AI, logistics and related advanced technologies. Development of semiconductor clusters is linked to reliable power, ultra-pure water, skilled manpower and social infrastructure.
August 27, 2026
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Financial inclusion through basic bank accounts enables direct welfare transfers, digital payments, insurance access and credit for excluded households.
PMJDY provides unbanked adults with basic bank accounts without minimum-balance or maintenance-charge requirements, free RuPay debit cards with accident insurance cover, and eligible overdraft support. Through the JAM framework, PMJDY accounts enable direct transfer of welfare benefits using bank accounts, Aadhaar-based biometric verification and mobile connectivity, reducing intermediary involvement and delays. The scheme emphasises rural, semi-urban, marginalised and women account holders while supporting access to insurance, pensions, savings, digital payments and credit, including MUDRA loans.
August 27, 2026
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Contract food services expansion strengthens Rassense's nationwide institutional operations through new academic partnerships and technology-led service delivery.
Rassense Pvt Ltd reports crossing a workforce of more than 5,000 employees and projects revenue exceeding INR 600 crore. Its contract food services operations serve educational institutions, corporate campuses, healthcare facilities and industrial locations. New operations at IIM Jammu, IIM Bangalore and IIT Guwahati strengthen its nationwide institutional presence. Expansion is supported by academic institution partnerships, local workforce development, operational excellence, and technology-led capabilities in food production, food waste reduction and supply-chain management.
August 27, 2026
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Cyber fraud awareness promotes safe digital banking by teaching customers to verify communications, protect credentials, and report suspicious transactions.
Cyber-fraud awareness and digital banking safety were promoted through community sessions addressing phishing, impersonation, OTP and UPI fraud, QR-code scams, digital-arrest fraud, and fraudulent customer-care calls. Participants were guided to identify authentic banking communications, avoid sharing confidential credentials, verify callers and links before acting, and promptly report suspected unauthorised transactions. Customer vigilance, financial literacy, and institutional security measures were emphasised as complementary safeguards against digital financial fraud.
August 27, 2026
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Personal insolvency repayment plans may be approved despite minimal creditor recovery when requisite voting support and comparative valuation support them.
Personal insolvency repayment plan approval was granted under the Insolvency and Bankruptcy Code, 2016, despite objections that creditor recoveries were negligible and the proposed payment uncertain. The plan received 80.81 per cent voting support, while dissenting creditors held less than 20 per cent voting share. Valuation showed that the debtor's personal estate was materially below the offered amount, and rejection could result in bankruptcy and lower recovery. Assessment of settlement adequacy was treated as a matter of creditor commercial wisdom.
August 27, 2026
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Prison escape security lapses prompt coordinated tracing measures, transport monitoring, inter-state alerts, and a detailed custodial-security inquiry.
Prison escape and custodial-security lapses arose after a detainee escaped from Aluva Sub Jail, allegedly by using an under-construction structure within the premises to cross the compound wall. Following his later appearance at a police station seeking return of his Aadhaar card, search measures included a lookout circular, information sharing with police stations, railway-security coordination, and alerting police in Assam. A detailed inquiry has been initiated into the prison-security deficiencies enabling the escape.
August 27, 2026
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Women's savings account selection depends on practical benefits, charges, eligibility, and banking needs rather than the account label.
Women's Savings Accounts may provide standard banking facilities together with additional services or benefits for eligible women. Their suitability depends on practical use of digital banking, transfers, payments, alerts, debit-card facilities, accessibility, security features, charges, and minimum-balance conditions. Since regular Savings Accounts may offer comparable facilities, the additional benefits should be assessed against associated costs and conditions. Selection should be based on comparison of eligibility, facilities, balance requirements, benefits, customer support, and authentication safeguards rather than the account's women-focused label alone.
August 27, 2026
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Retirement annuity selection prioritises payout structure, taxation, insurer strength and flexibility over brand comparison for informed retirement decisions.
Retirement planning may combine market-linked accumulation during working years, deferred annuities that lock future guaranteed income, and immediate annuities that convert retirement savings into regular payments. Annuity choice depends on whether the priority is higher income, continuation for a surviving spouse, or return of capital on death. Product comparison should consider market-linked growth versus income certainty, taxation of annuity income at applicable slab rates, insurer strength, and flexibility in deferment, payout frequency and policy loans.
August 27, 2026
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Foreign exchange inflows through deposit and borrowing measures provided near-term rupee support amid lower crude prices.
Reserve Bank special measures relating to FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings were identified as attracting foreign-exchange inflows and providing near-term support to the rupee. The Reserve Bank became a net dollar buyer in June after two months of sales to support the rupee. The FCNR(B) window remained open until August 31, while the market outlook anticipated broader rupee depreciation over subsequent weeks.
August 27, 2026
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Preferential trade agreement exploration advances bilateral market access, pharmaceutical cooperation, investment partnerships, and diversified trade.
India-Morocco economic cooperation is expanded through the seventh Joint Commission framework, targeting deeper and more diversified trade, investment, industrial collaboration and market access across goods and services. An India-Morocco Joint Working Group is to examine bilateral trade opportunities and the feasibility of a preferential trade agreement, including tariff and non-tariff barriers, improved market access and trade facilitation. Cooperation also addresses pharmaceutical market authorisation and approval timelines, food safety, sustainable agriculture, renewable energy, artificial intelligence, healthcare, and phosphates and fertilisers.
August 26, 2026
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Hybrid cyber fraud exploits stolen smartphones and intercepted verification codes to compromise digital banking and payment accounts.
Hybrid cyber fraud combines physical smartphone theft with digital financial exploitation. Offenders obtain screen-lock credentials, steal devices and use control of the active SIM card to intercept verification codes and reset UPI and digital banking credentials. Preventive measures include withholding PINs, passwords and OTPs; avoiding storage of financial and identity records on phones; and immediately blocking the SIM card and freezing digital banking and UPI services after a theft.
August 26, 2026
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CEPA review aims to expand bilateral trade engagement, address export barriers, and support regulatory registrations for exporters.
India and Japan are considering a review of the Comprehensive Economic Partnership Agreement to make the bilateral trade framework more contemporary and expand its scope, scale and commercial opportunities. The review is linked to balanced trade and to identifying export barriers arising from procedural requirements, language issues and time involved in market access. Regulatory compliance assistance may support product registrations required for overseas markets, including costly chemical registrations and pharmaceutical registrations.
August 26, 2026
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Personal loan reward eligibility depends on successful campaign-period disbursal, alongside review of borrowing costs and repayment capacity.
Loan Utsav 2026 provides a limited-period reward bundle to eligible customers whose personal loan is successfully disbursed during the campaign period, subject to applicable terms and conditions. Personal loans are collateral-free and available subject to eligibility, customer profile, documentation and applicable loan terms. Applicants may choose a loan amount and repayment tenure based on their requirements. Extended tenures can reduce monthly EMI obligations but may increase total interest payable. Customers should review interest rates, EMI, processing charges, other loan costs and repayment capacity before accepting a loan offer.
August 26, 2026
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Deep-tech investment cooperation advances through capital corridors, innovation bridges, manufacturing integration and startup pitching platforms for cross-border growth.
India-Japan startup cooperation is proposed to advance through a deep-tech capital corridor, a two-way innovation bridge, manufacturing and technology integration, and joint startup pitching platforms. Collaboration is directed towards patient capital, early-stage research, deep-tech commercialisation, technology validation, precision manufacturing, investment and market access. The partnership also emphasises MSME integration with startups and global supply chains, co-investment mechanisms, plug-and-play infrastructure, and institutional links among universities, research institutions, incubators and industry.
August 26, 2026
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Sugar price-control measures combine raw-sugar imports, stockholding limits and export restrictions to curb retail price pressures.
Sugar price-control measures combine authorised raw-sugar imports, stockholding limits for dealers and bulk consumers, and an existing export prohibition to address elevated domestic prices. Imports are permitted within the specified period, while stockholding restrictions seek to curb speculation and hoarding. Retail prices continued to rise despite lower ex-mill prices, and the regulatory approach focuses on augmenting supply, limiting stock accumulation, and preventing export-related pressure on domestic availability.
August 26, 2026
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Alternative dispute resolution enabled settlement of long-pending disputes, alongside reporting on court administration and regulatory compliance concerns.
Legal developments include resolution of long-pending tenancy, commercial and property disputes through a special Lok Adalat mechanism, including a digitally signed international settlement. Other matters concern a challenge to a riot-related murder conviction, allegations of administrative irregularities and selective case listing, fast-track court pendency, cancellation of a recruitment process following suspected examination malpractice, fraudulent identity documents used to claim citizenship, medical-qualification standards, and opposition to uranium exploration and mining.
August 26, 2026
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MSME co-lending supports digital paperless credit delivery through rural banks for underserved rural and semi-urban enterprises.
SIDBI-RRB MSME co-lending arrangement is proposed for expansion to increase credit access for micro, small and medium enterprises in rural and semi-urban areas. The arrangement combines SIDBI's understanding of MSME credit requirements with Regional Rural Banks' local reach. SIDBI's Co-Lending Origination Platform provides an end-to-end digital credit process intended to enable faster, paperless loan processing, in-principle sanction communication, documentation and direct account disbursement without branch visits.
August 26, 2026
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Input tax credit mismatch alone cannot support fraud-based GST demand without an assessing officer's recorded satisfaction of fraud or suppression.
Section 74 GST demand proceedings require the assessing officer's independent satisfaction of fraud, wilful misstatement or suppression of facts. An input tax credit mismatch or alleged short payment alone cannot establish these conditions. Unsupported assertions of suppression for invoking extended limitation are insufficient, and audit objections cannot replace the assessing officer's satisfaction. A show cause-cum-demand notice lacking factual allegations of a deliberate device to evade tax or avail excess input tax credit is vulnerable.
August 26, 2026
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Fraudulent Aadhaar procurement exposes identity-verification gaps and prompts disclosure, expedited investigation, deportation, and statutory review measures.
Fraudulent procurement of Aadhaar and other identity documents by foreign nationals who infiltrate borders may undermine identity verification, immigration control and national security. Coordinated action is required to trace and deport such persons, prevent re-entry, strengthen document verification, and complete investigations without delay. Amendments to the Aadhaar Act are to be considered to assist investigating agencies, while a dedicated procedure is required to address border infiltration and human trafficking. Aadhaar enrolment records are to be supplied to police, followed by timely deportation proceedings.
August 26, 2026
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Foreign investment liberalisation proposals receive industry support, subject to preserving AIF treatment, grandfathering, and prospective application.
Proposed foreign-investment liberalisation, including treatment of stakes below 10 per cent and a greater role for market forces in valuation, is welcomed. Preservation of the existing treatment of Alternative Investment Funds under the IOCC framework is emphasised, together with grandfathering of transactions and funds undertaken under the current regulatory position. Newly introduced requirements should operate prospectively to support a simpler, predictable and investment-friendly foreign-investment framework.

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Customs, DGFT & SEZ

DRI intensifies crackdown on gold smuggling in pan-India operations; seizes around 41 kg foreign-origin gold worth Rs. 62 crore (approx.); 24 persons, including three foreign nationals, arrested

September 10, 2026

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Operations expose sophisticated methods of concealment and organised smuggling networks operating through airports, rail routes and the Indo-Bangladesh border

Continuing its sustained crackdown on organised gold smuggling, the Directorate of Revenue Intelligence (DRI) has seized around 41 kg foreign-origin gold, cumulatively valued at around Rs 62 crore in six intelligence-led operations in recent days. The operations have resulted in the arrest of 24 persons, including three foreign nationals, and have exposed sophisticated methods of concealment and organised smuggling networks operating through airports, rail routes and the Indo-Bangladesh border.

In a major operation in Delhi, officers of DRI conducted simultaneous searches, on 07.09.2026, at premises linked to a person involved in the procurement and conversion of foreign-origin gold. A manufacturing  facility with machinery for melting, rolling and die-cutting gold was found at a residential premises. Four foreign-origin gold bars, each weighing 1 kg  along with around 6.2 kg gold chains made from smuggled gold bars, were recovered, taking the total seizure to 10.2 kg (approx.) of gold. One person, who owned the manufacturing facility, was arrested.

Four foreign-origin gold bars seized in Delhi

In a separate operation on 08.09.2026, DRI officers in Delhi intercepted a vehicle coming from Punjab and recovered and seized 1.21 kg gold along with foreign currency valued at approximately Rs. 43.50 lakh;  One person was arrested.

Earlier, on 05–06.09.2026, DRI, in coordination with BSF, seized 89 pieces of foreign-origin gold bars weighing around 11.3 kg recovered from a person near the Indo-Bangladesh border at BOP Halderpara. As the person could not produce documents for lawful possession, the gold was seized under the Customs Act, 1962. The apprehended person admitted his involvement in smuggling and was arrested under the relevant provisions of the Customs Act, 1962.

11.3 kgs Gold seized at Indo-Bangladesh border

Four defaced foreign-origin gold bars seized at Howrah Railway station

In another seizure in West Bengal, on 03–04.09.2026, DRI officers intercepted a passenger travelling under a different name at Howrah Railway Station. Four defaced foreign-origin gold bars, weighing 4.6 kg  were recovered from a specially designed cloth belt concealed around the body. Investigation revealed that the gold had been melted and converted into defaced bars for onward delivery to Mumbai. Both the passenger and his associate were arrested.

In Mumbai, officers of DRI busted a well-organized syndicate involving transit passengers airport staff and recipient/handler. On 09-10.09.26, DRI officers intercepted an airport staff involved in the receipt and clandestine removal of the smuggled gold from the airport, after a hot pursuit of approximately 50 km following his surreptitious exit from the airport in a car. Upon search, he was found in possession of three capsules containing gold dust in wax form. The investigations revealed the gold capsules had been handed over to him in the transit area by a transit passenger and involvement of another female airport staff. In swift follow up operation two transit passengers were intercepted at Mumbai Airport while they were handing over the five gold capsules to the airport staff. The transit passengers had arrived from Muscat and Dubai for onwards journey to Bangkok after the delivery of the smuggled gold. A female airline staff, for her involvement in clandestine removal of the smuggled gold from the airport along with the recipient of the goods were also apprehended.

In all, 8 capsules containing gold dust in wax form, weighing 3.47 kg in net weight, were recovered and seizedFive persons, comprising two transit passengers, two airport staff members, and one recipient were arrested. The operation once again highlights that organised networks are increasingly exploiting transit routes and airport personnel for clandestine removal of smuggled gold.

Eight capsules with Gold in paste form seized at Mumbai

Earlier, in two separate operations on 31.08.26 and 06.09.2026, officers of DRI seized 1.6 kg foreign-origin gold from a passenger travelling by a train from Kolkata to Mumbai, leading to his arrest. In second operation, an arc-shaped 24-carat gold bar weighing around 700 grams was recovered from the motor of a treadmill imported from Hong Kong. Follow-up searches in Mumbai, Chennai, Tiruvallur and Chengalpattu led to the recovery of other dismantled machines and tools used for concealment. Two persons, including a Chinese national, were arrested

Gold recovered from a motor of a tread mill in Mumbai

On 8-9.09.26, DRI, in coordination with Chandauli Police, Uttar Pradesh, took over the proceedings involving recovery of 22 foreign origin gold bars concealed in a box beneath the gearbox of the car. The occupants of the car could not produce documents in support of licit possession of recovered gold. The preliminary investigations indicated that  the recovered gold had been smuggled from Bangladesh. Accordingly, the recovered gold weighing around 2.56 kg, was seized and both the persons were arrested by DRI under the provisions of the Customs Act, 1962.

22 gold bars seized by DRI Varanasi

On 8-9.09.26, DRI officers intercepted one passenger, who was found to be travelling on a fake identity, at the domestic arrival area of Kempegowda International Airport Bengaluru, who was suspected to have retrieved smuggled gold concealed inside an aircraft. On examination, five gold bar cut-pieces weighing around 1 kg were recovered from his baggage, One person  was arrested.

In Chennai on 30.08/01.09.2026, DRI officers, acting on specific intelligence, intercepted two passengers arriving from Sri Lanka at Chennai International Airport in two different flights. Eight capsules containing gold in paste form were recovered through rectum concealment; extraction yielded 2.5 kg 24-carat gold. Investigation revealed insider collusion of airport staff.. Six persons, including the two foreign passengers, were arrested in this case.

8 Capsules seized in Chennai

In two separate operations in Calicut on 01–02.09.2026, DRI officers seized 1.7 kg gold. In one case at Calicut International Airport, 770 grams of gold was extracted from gold-containing compound concealed in two capsules and a packet hidden inside the diaper worn by the passenger’s infant daughter. In another case, around 1 kg of 24-carat gold piece was recovered from the heavy metallic ring portion of a coffee machine carried in checked-in baggage by a passenger arriving from Dubai. Two persons were arrested.

Gold concealed in Coffee Machine at Calicut

DRI's intelligence-led and coordinated enforcement actions continue to disrupt organised gold-smuggling networks at multiple stages of the smuggling chain and prevent the illicit movement of precious metals into the country.

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Acts Income Tax