Seeks to amend Notification No. 08/2026-Central Excise, dated the 26th March, 2026 - rate of Special Additional Excise Duty on Aviation Turbine Fuel w...
Amendment to Notification No. 65/2025-26 and 21/2026-27 for extension of timelines under Component Il of Resilience & Logistics Intervention for Expor...
Renewal of recognition to BSE Clearing Limited under Regulation 12 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations...
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
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Customs tariff valuation revises import values for edible oils, brass scrap, gold and silver, while retaining areca nut valuation. Customs tariff values under section 14(2) of the Customs Act, 1962 are revised through substitution of Tables 1, 2 and 3 in the tariff-value framework. The revised values apply from 1 October 2026 and cover specified edible oils, brass scrap, gold, silver and areca nuts. Areca nuts retain a tariff value of US$ 11,574 per metric tonne without change.
Seeks to amend Notification No. 08/2026-Central Excise, dated the 26th March, 2026 - rate of Special Additional Excise Duty on Aviation Turbine Fuel when cleared for exports
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Special additional excise duty on exported aviation turbine fuel is amended through substitution of the prescribed rate. Special Additional Excise Duty on Aviation Turbine Fuel cleared for export is amended by substituting the rate specified against serial number 1 in the applicable exemption table with Rs. 10.5 per litre. The substitution takes effect from 1 October 2026 and applies to the existing framework governing duty on Aviation Turbine Fuel export clearances.
Seeks to amend Notification No. 06/2026-Central Excise, dated the 26th March, 2026 - Special Additional Excise Duty on export of petrol and diesel
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Special additional excise duty on exported petrol and diesel is revised under the central excise exemption framework. Special additional excise duty on exports of petrol and diesel is revised by substituting the duty-rate entry in column (4) of the table against serial number 2. Exercising powers under the Central Excise Act, 1944, read with the Finance Act, 2002, the Central Government prescribes a rate of Rs. 16 per litre, effective from 1 October 2026.
Continuation of RoDTEP Scheme till December 31st, 2026
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RoDTEP remission for eligible exporters continues with existing rates, value caps, and scheme conditions unchanged. RoDTEP Scheme availability continues until 31 December 2026 for exports by Domestic Tariff Area units, Advance Authorisation holders, Special Economic Zone units, and Export Oriented Units. Existing rates and value caps under Appendix 4R and Appendix 4RE remain unchanged, and all other scheme terms and conditions continue to apply to eligible exports.
Extension of Minimum Import Price (MIP) Condition on Sulfadiazine API covered under Chapter 29 of ITC HS, 2022, Schedule -I (Import Policy)
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Minimum import price on Sulfadiazine API imports continues, preserving the existing CIF-based import condition until the extended deadline. The Minimum Import Price condition on Sulfadiazine API imports is extended until 30 November 2026. Imports remain subject to an MIP of Rs. 1,774 per kg on a cost, insurance and freight basis. The extension preserves all existing terms and conditions of the earlier MIP measure and continues the applicable import-policy condition under the Foreign Trade (Development and Regulation) Act, 1992 and the Foreign Trade Policy 2023.
Extension of Minimum Import Price (MIP) Condition of specific items covered under Chapter 29 of ITC HS, 2022, Schedule -I (Import Policy)
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Minimum import price requirements for ATS-8 imports continue, preserving the existing CIF-based import restriction and associated conditions. Minimum Import Price requirements for ATS-8 imports under specified Chapter 29 ITC HS classifications are extended until 30 November 2026. The MIP remains USD 111 per kilogram on the cost, insurance and freight value of the imported goods. All existing terms and conditions governing the import restriction continue unchanged.
Extension in Minimum Import Price (MIP) Condition of specific items covered under Chapter 48 of ITC HS, 2022, Schedule -I (Import Policy)
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Minimum import price condition for Virgin Multi-layer Paper Board continues through the extended period for covered imports. Minimum Import Price condition on imports of Virgin Multi-layer Paper Board under Chapter 48, Schedule I, and ITC (HS) codes 48059100, 48059200, 48059300, 48109200 and 48109900 is extended until 31 March 2027. The MIP remains INR 67,220 per metric tonne on CIF value, while all other terms and conditions under the prior framework remain unchanged.
Amendment to Notification No. 65/2025-26 and 21/2026-27 for extension of timelines under Component Il of Resilience & Logistics Intervention for Export Facilitation (RELIEF) Intervention
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RELIEF intervention eligibility timelines are extended for covered delivery and transshipment shipments, supporting exporters facing continuing logistics disruptions. Eligibility and validity criteria under Component II of the Resilience & Logistics Intervention for Export Facilitation are extended until 31 March 2027 for shipments intended for delivery or transshipment. The extension facilitates utilisation of the intervention, strengthens trade resilience, supports Indian exporters, and mitigates logistics challenges associated with the continuing West Asia Crisis. All other provisions governing the intervention remain unchanged.
Seeks to amend Notification No. 7816 [S.O. 359(E)] dated 30th March, 1988 - Control of Notified Subordinate Officer under Income-Tax Authorities
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Administrative subordination of appellate income-tax officers is aligned with the jurisdiction of Principal Chief Commissioners or Chief Commissioners. Administrative subordination of Joint Commissioners of Income-tax (Appeals) and Additional Commissioners of Income-tax (Appeals) is revised. They are subordinate to the Principal Chief Commissioners of Income-tax or Chief Commissioners of Income-tax within whose jurisdiction they perform their functions. The amendment modifies the framework for control of notified subordinate officers under section 238 of the Income-tax Act, 2025, and takes effect from publication in the Official Gazette.
Renewal of recognition to BSE Clearing Limited under Regulation 12 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018
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Renewal of clearing corporation recognition authorises BSE Clearing Limited to operate subject to continuing regulatory compliance. Recognition of BSE Clearing Limited as a clearing corporation is renewed for a three-year period, subject to compliance with conditions specified by SEBI from time to time and any further conditions that may be prescribed or imposed. The renewal is granted under statutory powers concerning recognition of clearing corporations and is based on the interests of trade, the securities market, and the public interest.
Approval under Section 45(4)(b) of the Income Tax Act, 2025 for "Jai Research Foundation, Valsad, Gujarat"
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Scientific research approval grants Jai Research Foundation research association status, subject to annual statements, donor certificates, and compliance. Approval under section 45(4)(b) is granted to Jai Research Foundation for scientific research as a Research Association for tax years 2026-2027 through 2030-2031. The approval is subject to compliance with rule 33. For each tax year in which donations are received, the Foundation must submit a Form No. 15 statement by 31 May immediately following that tax year and furnish donors Form No. 16 certificates specifying donation amounts.
ESIC Coverage Extended to Niwari and 24 Partially Implemented Districts in Madhya Pradesh from October 1, 2026
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ESIC coverage expansion makes employer and employee contributions payable while extending insurance benefits to newly covered establishments. Employees' State Insurance coverage extends from 1 October 2026 to establishments throughout Niwari district and designated areas of 24 partially implemented districts in Madhya Pradesh. Employers and employees of covered establishments become liable to pay contributions under section 29 of the Code on Social Security, 2020. Employees of these establishments become entitled to benefits under Chapter IV relating to the Employees' State Insurance Corporation, subject to the applicable statutory framework.
Approval under Section 45(4)(b) of the Income Tax Act, 2025 for "Santhigiri Ashram, Thiruvananthapuram"
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Scientific research approval grants eligible institutional status, subject to continuing SIRO recognition, annual reporting, and donor certification. Approval for scientific research is granted to Santhigiri Ashram, Thiruvananthapuram under the category of a university, college or other institution for the tax years 2026-2027 through 2030-2031. Continued eligibility requires ongoing Scientific and Industrial Research Organization approval, compliance with prescribed conditions, annual filing of Form No. 15 by 31 May after the relevant tax year, and issuance of Form No. 16 donation certificates to donors.
Approval under Section 45(4)(b) of the Income Tax Act, 2025 for "Institute for Financial Management and Research, Chennai"
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Research institution tax approval requires continuing SIRO recognition, annual donation reporting, and donor certification for eligible research donations. Approval recognises the Institute for Financial Management and Research, Chennai, as an eligible other institution for social science or statistical research and donation-related tax treatment. It requires continuing Scientific and Industrial Research Organization recognition, compliance with prescribed conditions, annual preparation and delivery of the donation statement in Form No. 15, and issuance of Form No. 16 donation certificates to donors. The approval applies for tax years 2026-2027 through 2030-2031.
Approval under Section 45(4)(b) of the Income Tax Act, 2025 for "UPASI Tea Research Foundation, Tamil Nadu"
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Scientific research approval requires continuing SIRO recognition, annual donation reporting, and donor certification throughout its effective period. UPASI Tea Research Foundation, Tamil Nadu, is approved as an Other Institution for scientific research for the tax years 2026-2027 to 2030-2031. The approval is conditional on continued Scientific and Industrial Research Organization recognition during each relevant tax year. The Foundation must comply with prescribed conditions, file an annual donation statement in Form No. 15 by 31 May following the relevant tax year, and provide donors with a Form No. 16 certificate specifying the donation amount.
Approval under Section 45(4)(b) of the Income Tax Act, 2025 for "Santhigiri Ashram, Thiruvananthapuram"
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Research institution tax approval requires continuing SIRO recognition, annual donation reporting, and donor certification for statutory compliance. Approval grants Santhigiri Ashram, Thiruvananthapuram recognition for Research in Social Science or Statistical Research for the purposes of the Income-tax Act, 2025 and the Income-tax Rules, 2026. It is conditional on continued Scientific and Industrial Research Organization recognition, compliance with rule 34, annual filing of Form No. 15 for donations received, and issuance of Form No. 16 certificates to donors specifying donation amounts.
Approval under Section 45(4)(b) of the Income Tax Act, 2025 for "Indian Institute of Health Management Research, Jaipur"
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Scientific research approval requires continuing SIRO status, annual donation reporting, and donor certification throughout the effective tax years. Scientific Research approval for the Indian Institute of Health Management Research, Jaipur, applies for tax years 2026-2027 to 2030-2031, subject to continued Scientific and Industrial Research Organization approval. The institution must comply with rule 34, file an annual Form No. 15 donation statement by 31 May following the tax year in which donations are received, and provide donors with Form No. 16 certificates stating the donation amount.
Approval under Section 45(4)(b) of the Income Tax Act, 2025 for "Bhartiya Sanskriti Darshan Trust, Pune"
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Scientific research approval for Bhartiya Sanskriti Darshan Trust requires SIRO continuity, donation statements, and donor certificates. Scientific research approval is granted to Bhartiya Sanskriti Darshan Trust, Pune, subject to continued Scientific and Industrial Research Organization recognition during each effective tax year. The Trust must comply with rule 34, file an annual donation statement in Form No. 15 by 31 May following the tax year of receipt, and issue donors Form No. 16 certificates specifying the donation amount. The approval applies for tax years 2026-2027 to 2030-2031.
Approval under Section 45(4)(b) of the Income Tax Act, 2025 for "Voluntary Health Services, Chennai"
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Scientific research approval enables Voluntary Health Services to qualify as an other institution subject to SIRO status and annual reporting. Approval designates The Voluntary Health Services, Chennai as an other institution for scientific research for the specified tax years. Its continued operation depends on retaining Scientific and Industrial Research Organization approval and complying with rule 34. For each tax year, the institution must prepare a Form 15 statement and deliver it to the Director General of Income-tax (Systems), or an authorised person, by 31 May following the tax year in which donations are received. Each donor must receive a Form 16 certificate specifying the donation amount.
Approval under Section 45(4)(b) of the Income Tax Act, 2025 for "Zandu Foundation for Health Care, Mumbai"
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Scientific research approval for a research association requires continuing SIRO status and annual donation reporting and certification compliance. Approval grants Zandu Foundation for Health Care, Mumbai, recognition for Scientific Research as a Research Association for the purposes of section 45(3)(a)(i). Its effectiveness for tax years 2026-2027 through 2030-2031 depends on continued SIRO approval, compliance with rule 33, annual filing of Form No. 15 by 31 May following the tax year in which donations are received, and issuance of Form No. 16 certificates to donors stating the donation amount.
Income-tax compliance rules set detailed valuation, approval, audit and reporting mechanisms for deductions, perquisites and specified business notifications. Income-tax Rules, 2026 prescribe the framework for commencement, definitions, notifications, approvals, valuation, computation, deduction conditions, ... Summary
Income-tax compliance rules set detailed valuation, approval, audit and reporting mechanisms for deductions, perquisites and specified business notifications.
Income-tax Rules, 2026 prescribe the framework for commencement, definitions, notifications, approvals, valuation, computation, deduction conditions, audit requirements and statutory forms under the Income-tax Act, 2025. The rules cover dividend arrangements, recognised stock exchanges, zero coupon bonds, non-resident income estimation, fair market value determinations, significant economic presence thresholds, perquisite valuation, depreciation, scientific research approvals, agricultural extension and skill development projects, and the maintenance and audit of books of account. They also regulate provident, gratuity and superannuation fund approvals and appeals, together with prescribed reporting forms.
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