Import policy restrictions on silver imports require nominated agencies and DGFT authorisation for specified HS codes.
Import policy conditions for specified silver-related ITC HS codes under Chapter 71 are amended with immediate effect. Imports of silver powder, unwrought silver grains, silver containing 99.9 per cent or more by weight, and other specified silver items are restricted to nominated agencies notified by the Reserve Bank of India for banks and by the Directorate General of Foreign Trade for other agencies, against a valid Import Authorisation issued by the DGFT. Where permitted, qualified jewellers notified by the IFSCA may import through India International Bullion Exchange, and silver dore may be imported by refineries against a licence with AU condition.

Trade policy consultation platform expanded as forty non-official members are nominated to the Board of Trade.
Forty non-official members are nominated to the Board of Trade in supersession of the earlier nomination of 29 members. The Board is to function as a consultative platform for State Governments and Union Territories on trade policy, export strategy, international trade developments, District Export Hub activities, trade infrastructure, export performance, institutional framework, and procedural rationalisation for imports and exports.

Countervailing duty on textured tempered glass from Malaysia continues with producer-based rates and invoice certification requirements.
Countervailing duty is imposed on textured toughened (tempered) coated and uncoated glass imported from Malaysia under specified tariff headings, with differentiated rates for named producers and other producers. The named-producer rates apply only on production of a valid commercial invoice containing the prescribed manufacturer declaration; otherwise, the rate for other producers applies. The duty remains in force for five years from publication unless earlier revoked, superseded or amended, and the notification also specifies the exchange-rate basis and meaning of CIF value.

GST rate notification amendment revises tariff entries for specified goods classifications under Maharashtra state tax schedules.
Amends the Maharashtra State Tax rate notification by substituting specified tariff entries in Schedule I, rate 2.5%, and Schedule III, rate 20%, for certain goods classification numbers. The amendment revises the entries against Serial Nos. 150 and 151 in Schedule I and Serial Nos. 2 and 3 in Schedule III, updating the tax rate mapping for the identified product categories.

Patents Act commencement notification brings specified Jan Vishwas amendment provisions into force from the notified date.
The Central Government appoints 1 June 2026 as the commencement date for the Jan Vishwas (Amendment of Provisions) Act, 2026, insofar as it relates to serial number 35 and the corresponding Schedule entries concerning the Patents Act, 1970. The notification exercises the power under sub-section (2) of section 1 of the amendment Act and brings the specified patent-related provisions into force from the notified date.

Commencement of scheduled provisions under the Jan Vishwas amendment for British India Corporation shares acquisition law.
The Central Government has appointed the date of publication of the notification as the date on which the provisions at serial number 44 of the Schedule to the Jan Vishwas (Amendment of Provisions) Act, 2026 shall come into force in relation to the British India Corporation Limited (Acquisition of Shares) Act, 1981. The notification is issued under the power conferred by sub-section (2) of section 1 of the Jan Vishwas (Amendment of Provisions) Act, 2026.

Registered valuer organisations face revised eligibility conditions, including capital, object, and bye-law requirements under the amended rules.
The Companies (Registered Valuers and Valuation) Amendment Rules, 2026 amend the Companies (Registered Valuers and Valuation) Rules, 2017 with immediate effect from publication in the Official Gazette. Rule 12(1)(i) is substituted to require registration under section 25 of the Companies Act, 1956 or section 8 of the Companies Act, 2013, a minimum paid-up share capital of twenty-five lakh rupees, a sole object confined to regulation of valuers, and bye-laws meeting Annexure III. Transitional compliance with the capital requirement is allowed until 31 March 2028.

Insolvency resolution disclosure and procedure reforms expand filing data, guarantor asset transfer rules, and restoration mechanisms.
Amendments to the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 revise disclosure requirements for operational creditors and corporate applicants, standardise form usage through circulars, and expand information-sharing obligations among creditors and resolution professionals. The amendments also introduce provisions on transfer of guarantor assets, withdrawal of applications, dissolution during the corporate insolvency resolution process, and restoration before liquidation, while revising timelines, claim communication requirements, and the schedule structure.

Committee of creditors control in liquidation is expanded through revised approvals, claim handling, sale restrictions, and timelines.
The liquidation framework is restructured to place the committee of creditors at the centre of decision-making during liquidation, including recommendation of the liquidator, approval of professional appointments, approval of liquidation costs, fee arrangements, continuation or institution of proceedings, private sale conditions, extensions for balance consideration, and other material liquidation activities. The committee continues to function during liquidation, with specified participation rules for secured creditors and unsecured portions of debt, and the authorised representative continues in liquidation meetings on a mutatis mutandis basis. Claim submission, verification, reporting, valuation, sale controls, and the model liquidation timeline are also revised.

Personal guarantor bankruptcy process updated with new transfer-of-assets coordination, creditor approval, and disclosure requirements.
Amendment regulations under the Insolvency and Bankruptcy framework revise the bankruptcy process for personal guarantors to corporate debtors by replacing prescribed forms with forms notified by circular, updating the relevant cross-reference to section 164A, and inserting a new mechanism for facilitation of transfer of assets. The bankruptcy trustee must coordinate with the resolution professional, obtain committee of creditors approval for the transfer, and ensure appropriate disclosure where approval is granted.

Asset disclosure in personal guarantor insolvency resolution is expanded, with creditor approval and transfer coordination requirements introduced.
Amendments to the personal guarantor insolvency resolution regulations replace prescribed forms with circular-notified formats, omit existing forms, and expand disclosure and reporting requirements. A detailed statement of assets must accompany the application, covering direct and indirect holdings, joint assets, fiduciary holdings, beneficial ownership structures, and assets controlled or from which economic benefit is derived. The regulations also provide for coordination between resolution professionals and creditor approval in relation to transfer of assets, with disclosure obligations in the relevant reports.

Voluntary liquidation procedure updated with revised claims rules, Board-notified forms, and a new termination framework.
Amendments to the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017 revise prescribed forms, replace several schedule-based forms with forms notified by Board circular, and reframe stakeholder interaction as assistance rather than consultation. The amendments add a claim-submission and claim-updation rule, require written reasons for rejection of claims, mandate communication of admission or rejection within seven days, and introduce a structured framework for termination of voluntary liquidation proceedings, including required declarations, reports, intimations, and cessation of the liquidator's powers on termination.

Pre-packaged insolvency resolution process formats shift to Board-notified templates with updated filing requirements for applicants.
The amendments replace several prescribed forms with formats notified by the Board across the pre-packaged insolvency resolution process and omit one definitional clause. A new information-and-documents provision requires the corporate applicant to file the directors' or partners' declaration, the process-initiating resolution, approval of unrelated financial creditors holding at least fifty-one per cent in value, the proposed resolution professional's consent and report, audited and provisional financial statements, and the notified format for authorised representatives, where applicable.

Information utilities amendment streamlines default authentication, introduces information of dispute, and replaces prescribed forms with board-notified formats.
The amendment replaces multiple prescribed forms in the Information Utilities Regulations, 2017 with formats notified by the Board through circular, introduces the expression "information of dispute," and clarifies that "debtor" includes "corporate debtor" unless the context otherwise requires. It also revises the authentication framework so that the information utility records default as authenticated or disputed depending on the debtor's response, with a proviso for financial institutions where disputes affecting only part of the amount or only non-financial information do not prevent authentication of the undisputed default amount.

Inspection and investigation rules are updated to align definitions, include directions, and replace prescribed Form A with a notified format.
Inspection and investigation regulations under the Insolvency and Bankruptcy Code are amended to revise the definitions used for inspection-related proceedings and align key terminology with the Code. The amendments also expand the framework by inserting references to directions alongside actions, specify that a relevant direction is one issued by the Disciplinary Committee, and replace the prescribed Form A with such format as notified by the Board, while omitting Form A after Chapter V.

Grievance and complaint handling procedure updated with revised definition and Board-notified filing format
The grievance and complaint handling framework is amended to align the definition of "insolvency professional agency" with section 3(31A) of the Insolvency and Bankruptcy Code, 2016. The filing procedure is updated by replacing the reference to Form A with a format to be notified by the Board. Form A is also omitted from the principal regulations, and the amendments take effect on publication in the Official Gazette.

Infrastructure business notified for Schedule V purposes under the Income-tax Act, 2025, with specified exclusions.
The Central Government specifies, for the purposes of Schedule V [Table: Sl. No. 7] of the Income-tax Act, 2025, a business other than the business covered by Note 5(d)(i), where such business is engaged in the infrastructure sub-sectors listed in the Updated Harmonised Master List of Infrastructure sub-sectors. The specification is made under section 11(5) read with Note 5(d)(ii) of Schedule V as a notified business for that Schedule.

State tax rate amendment revises GST tariff entries for specified goods and updates schedule classifications from 1 May 2026.
State tax rate amendments were issued under the Chhattisgarh Goods and Services Tax Act, 2017, further amending Notification No. 09/2025-State Tax (Rate) on the Council's recommendation. The changes substitute revised tariff entries in Schedule I at the 2.5% rate and in Schedule III at the 20% rate for specified HSN codes. The notification comes into force from 1 May 2026.

Customs duty concessions for Omani-origin goods under India-Oman CEPA take effect with quota-linked import conditions.
Customs duty exemption granted for specified goods imported into India from Oman under the first tranche of tariff concessions under the India-Oman CEPA. The notification covers goods in Table I, Table II and Table III at the notified BCD, AIDC and in-quota rates, subject to origin proof and, for TRQ goods, quota conditions administered through DGFT and ICES. The importer must prove Omani origin under the Rules of Origin framework, and TRQ imports are allowed only through electronic allotment, transmission and debit. The notification comes into force on 1 June 2026.

Scientific research approval for donor compliance, filing requirements, and donor certificates under the Income-tax framework.
National Institute of Advanced Studies, Bangalore is approved for Scientific Research as a university, college or other institution for the purposes of section 45(3)(a)(i) of the Income-tax Act, 2025 and the related rules. The approval applies for the tax years 2026-2027 to 2030-2031, subject to compliance with rule 34 and the filing and donor-certificate requirements in Forms No. 15 and No. 16 under rule 31.