Compounding of wage-code offences excludes offences punishable by imprisonment alone or by imprisonment together with fine.
Compounding of offences under the Code on Wages, 2019 is clarified to cover any offence under the Code other than offences punishable with imprisonment only or with imprisonment and fine. The corrected wording replaces the earlier reference to compounding offences punishable with imprisonment only, or with imprisonment and fine.

Commitment application procedure extends filing and conclusion timelines, formalises defect refiling, and resumes inquiry after excluded-time expiry.
The amendments extend the period under regulation 3(3) to 60 days and require defective commitment applications to be returned for curing and refiling within 10 working days. Original application fees may be adjusted upon refiling, while failure to cure defects makes the application invalid. The period for conclusion of commitment proceedings is extended to 180 days, excluding time taken for information, clarification, or responses; if not concluded within that period, the inquiry resumes. References are also updated to the CCI (General) Regulations, 2024.

Minimum import price for clear float glass restricts lower-value imports while preserving conditional exemptions for export-linked units.
Import policy for clear float glass classified under ITC (HS) codes 70051090 and 70052990 is changed from Free to Restricted. Imports remain free where the CIF value is Rs. 34,000 or more per metric tonne. The minimum import price condition is inapplicable to Advance Authorisation holders, Export Oriented Units and Special Economic Zone units if imported inputs are not sold into the Domestic Tariff Area, and applies for one year from publication.

Customs tariff valuation revises import values for edible oils, brass scrap, precious metals and areca nuts from August 2026.
Customs tariff values are revised for specified edible oils, brass scrap, gold, silver and areca nuts. The revised valuation tables cover crude and refined palm oil and palmolein, crude soya bean oil, brass scrap, specified gold bars, coins and findings, and specified silver forms, medallions, coins and semi-manufactured silver. Silver excludes foreign currency coins, silver jewellery and silver articles. Areca nuts are assigned a revised tariff value. The substituted tariff valuation tables take effect from 15 August 2026.

Road and Infrastructure Cess on diesel exports is revised to nil under the applicable central excise exemption framework.
Road and Infrastructure Cess on exports of diesel outside India is revised by substituting the entry against serial number 2 in the applicable exemption table with "Nil". The amendment takes effect from 15 August 2026.

Special additional excise duty on aviation turbine fuel exports is revised through substitution of the applicable exemption-table rate.
Special Additional Excise Duty on exports of aviation turbine fuel outside India is revised by substituting the rate specified against serial number 1 in the relevant exemption table with Rs. 19.5 per litre. The rate revision takes effect from 15 August 2026.

Special Additional Excise Duty on petrol exports is reduced to nil, effective from 15 August 2026.
Special Additional Excise Duty on exports of petrol outside India is revised by substituting the applicable rate against serial number 1 with "Nil". The amendment takes effect from 15 August 2026.

Foreign asset disclosure scheme enables eligible taxpayers to declare overseas assets and income through valuation, payment and electronic certification procedures.
The Foreign Assets of Small Taxpayers Disclosure Scheme provides an electronic mechanism for declaring specified undisclosed foreign assets and foreign income, subject to aggregate-value eligibility limits. Fair market value is generally the higher of acquisition cost and market value, with separate methods for bank accounts, securities, immovable property and partnership interests. Form 1 requires asset, income, valuation and supporting details. The income-tax authority determines tax, penalty or fee in Form 2; payment and proof are furnished in Form 3. Timely payment is required, with limited interest-bearing extension. Form 4 certifies validity, settlement and the specified statutory protection.

Appellate Tribunal filing timelines under Punjab SGST are revised for earlier orders, while standard limitation periods continue for later matters.
Punjab SGST appellate filing timelines under section 112 are revised, with the earlier notification superseded subject to preservation of prior actions and omissions. Appeals against orders communicated before 1 May 2026 and applications concerning orders passed before 1 February 2026 may be filed before the Appellate Tribunal up to 31 July 2026. Later appeals remain subject to a three-month period from communication, while later applications remain subject to a six-month period from the order date. The revised timelines are deemed effective from 30 June 2026.

Nature-dependent electricity contracts gain dedicated accounting, hedge accounting, disclosure, expected-usage and transition requirements under amended Indian Accounting Standards.
The amendments expand Ind AS 107 disclosures for investments, contingent cash-flow features and contracts referencing nature-dependent electricity. Entities must provide a single note on qualifying electricity contracts, covering cash-flow uncertainty, commitments, onerous-contract assessments, electricity purchases, unused electricity and related sales. Ind AS 109 defines these contracts, permits specified hedge-accounting designations, and sets expected-usage and transition requirements. Classification and measurement changes refine derecognition through electronic payment systems and the assessment of contractual cash flows as solely payments of principal and interest.

Tax exemption for specified legal services authority income is conditional on non-commercial activity, return filing, and unchanged activities.
Tax exemption under Schedule III read with section 11 of the Income-tax Act, 2025 applies to specified income of the District Legal Service Authority, Panchkula, for the tax year 2026-27. Covered income includes institutional and government grants, court-ordered receipts, recruitment application fees, and bank-deposit interest. The Authority must not undertake commercial activity, must file its income-tax return as prescribed, and must maintain unchanged activities and specified income; non-compliance leads to withdrawal of exemption and proceedings.

Specified income exemption for legal services authority depends on non-commercial operations, unchanged income sources, and mandatory return filing.
Specified income of the District Legal Service Authority, Panchkula is exempt under section 10(46) of the Income-tax Act, 1961, preserved through repeal-saving provisions of the Income-tax Act, 2025. Exempt income includes statutory grants, government grants or donations, court-ordered amounts, recruitment application fees and bank-deposit interest. The Authority must not undertake commercial activity, must maintain unchanged activities and income nature, and must file returns as required. Non-compliance may result in penal action and withdrawal of exemption.

Customs tariff valuation for edible oils, metals and areca nuts updates specified import values while retaining several existing values.
Tariff values for specified imported edible oils, brass scrap, gold, silver and areca nuts are substituted under the customs valuation framework. Values for crude palm oil, refined and other palm oil, crude soybean oil, brass scrap and areca nuts remain unchanged. Gold and silver in specified concessional and other qualifying forms are assigned tariff values per prescribed unit of weight. The substituted tables take effect from 11 August 2026.

Scientific research approval requires annual donation reporting and donor certificates for eligible tax treatment.
Scientific research approval is granted to Sir Ganga Ram Trust Society, Delhi, for donation-related tax treatment under the Income-tax Act, 2025, for tax years 2026-2027 through 2030-2031. The institution must comply with prescribed conditions, file an annual donation statement in Form No. 15 by 31 May following the relevant tax year, and provide each donor a Form No. 16 certificate specifying the donation amount.

Scientific research approval grants eligible status for five tax years under the income-tax framework.
Approval for scientific research is granted to M/s Center for Incubation Innovation Research and Consultancy under section 45(3)(b) of the Income-tax Act, 2025 read with Rule 35 of the Income-tax Rules, 2026. The approval applies for five tax years, from Tax Year 2026-27 through Tax Year 2030-31.

Appellate Tribunal filing timelines distinguish legacy GST matters from later orders, preserving ordinary appeal and application limitation periods.
Appellate Tribunal filing timelines under the Jammu and Kashmir GST framework are revised, with a common outer date for specified legacy appeals and applications. The extended date applies to appeals against orders communicated before 1 May 2026 and applications concerning orders passed before 1 February 2026. Appeals involving orders communicated thereafter remain subject to the three-month period from communication, while applications involving orders passed thereafter remain subject to the six-month period from the passing of the order.

Halal certification transition for specified meat exports to Egypt extends to support certification body onboarding and accreditation.
Halal certification requirements for exports of specified meat and meat products to Egypt are amended by extending the transition period for mandatory implementation of the India Conformity Assessment Scheme (i-CAS)-Halal to nine months from the earlier notification date. The extension facilitates system readiness and the onboarding and accreditation of Egyptian Halal certification bodies, while all other export requirements remain unchanged.

Inventory-based e-commerce exports permit registered exporters to hold export-only stock, pay sellers promptly, and distribute eligible export benefits.
Inventory-based cross-border e-commerce exports may be undertaken through a DGFT-registered Exporter-on-Record holding export-only inventory procured from Indian GST-registered Sellers-on-Record against confirmed overseas buyer orders. Export Inventory must be separately identified, segregated and digitally traceable. The Exporter-on-Record must pay sellers within seven days of acceptance, may claim eligible Export Rebates and Refunds, and must distribute seller-attributable benefits proportionately after any administrative charge. It must manage and bear reverse-logistics costs, while returned or rejected consignments cannot enter the domestic market.

Anti-dumping duty on phthalic anhydride continues for five years following a sunset review of continuing dumping.
Anti-dumping duty on Phthalic Anhydride is continued for imports originating in or exported from China and Korea following findings of continuing dumping and likely injury to domestic industry if the duty ceases. The duty applies to specified origin-export combinations and all producers, at separate rates for Chinese and Korean goods. It remains effective for five years unless earlier revoked, superseded or amended, is payable in Indian currency, and uses the notified exchange rate applicable on presentation of the bill of entry.

Employees' Pension Scheme corrigenda correct social security terminology, wage references, employer damages wording, internal cross-references and numerical entries.
Corrigenda to the Employees' Pension Scheme, 2026 correct textual, terminological, numerical and cross-reference errors. They replace "security agreement" with "social security agreement", "pay" with "wages", and remove "by way of penalty" from the expression concerning employer damages. The corrections also revise the wage-ceiling terminology, aggregation wording, internal paragraph references, a reference to funds, and specified numerical entries.