Tax Updates - Daily Update https://www.taxtmi.com One stop solution for Direct Taxes and Indirect Taxes and Corporate Laws in India Business/Tax/Law/GST/India/Taxation/Policies/Legal/Corporate Tax/Personal Tax/Vat Law/Legal Information/Tax Information/Legal Services/Tax Services TaxTMI.Com / MS Knowledge Processing Pvt. Ltd. All rights reserved. Mon, 24 Aug 2026 05:12:55 +0530 en-us webmaster@taxtmi.com editor@taxtmi.com 60 Woman passenger from Sharjah held with undeclared gold chain at Ahmedabad airport https://www.taxtmi.com/news?id=74409 https://www.taxtmi.com/news?id=74409 Mon, 24 Aug 2026 05:12:54 +0530 TaxLaws News TaxTMI Delhi: Retired railway employee put under 'digital arrest', duped of Rs 30 lakh; one held https://www.taxtmi.com/news?id=74408 https://www.taxtmi.com/news?id=74408 Mon, 24 Aug 2026 05:12:54 +0530 TaxLaws News TaxTMI CPI(M) accuses ED of ‘politically targeting’ Pinarayi Vijayan in CMRL case https://www.taxtmi.com/news?id=74407 https://www.taxtmi.com/news?id=74407 Mon, 24 Aug 2026 05:12:54 +0530 TaxLaws News TaxTMI ED arrests ex-Andhra minister K Nageswara Rao in liquor transport 'scam' https://www.taxtmi.com/news?id=74406 https://www.taxtmi.com/news?id=74406 Mon, 24 Aug 2026 05:12:54 +0530 TaxLaws News TaxTMI Orris Infrastructure MD Amit Gupta arrested in cheating case https://www.taxtmi.com/news?id=74405 https://www.taxtmi.com/news?id=74405 Mon, 24 Aug 2026 05:12:54 +0530 TaxLaws News TaxTMI In a knot: Surat weaving units take voluntary two-day holiday as yarn prices shoot up https://www.taxtmi.com/news?id=74404 https://www.taxtmi.com/news?id=74404 Mon, 24 Aug 2026 05:12:54 +0530 TaxLaws News TaxTMI Interest on non-compliance with Rule 86B /forum/issue?id=121078 /forum/issue?id=121078 Mon, 24 Aug 2026 05:12:54 +0530 GST Discussion-Forum TaxLaws TaxTMI RoDTEP / Duty Drawback Benefits for Exports to Nepal Bhutan Should be Governed by FTP or Respective Customs Notifications in Case of Inconsistency? /forum/issue?id=121080 /forum/issue?id=121080 Mon, 24 Aug 2026 05:12:54 +0530 Customs Discussion-Forum TaxLaws TaxTMI DTA removal of duty paid goods by SEZ Developer after exit of Unit /forum/issue?id=121065 /forum/issue?id=121065 Mon, 24 Aug 2026 05:12:54 +0530 Customs Discussion-Forum TaxLaws TaxTMI Interstate Sale by Composition Dealer /forum/issue?id=121066 /forum/issue?id=121066 Mon, 24 Aug 2026 05:12:54 +0530 GST Discussion-Forum TaxLaws TaxTMI Applicability of GST exemption under Entry 66(a) to clinical postings provided by a specialised hospital/educational institution to students of another educational institution /forum/issue?id=121067 /forum/issue?id=121067 Mon, 24 Aug 2026 05:12:54 +0530 GST Discussion-Forum TaxLaws TaxTMI Duty Drawback RoDTEP claim on post export with Free shipping Bill /forum/issue?id=121068 /forum/issue?id=121068 Mon, 24 Aug 2026 05:12:54 +0530 Customs Discussion-Forum TaxLaws TaxTMI Need for registration under CGST Act /forum/issue?id=121069 /forum/issue?id=121069 Mon, 24 Aug 2026 05:12:54 +0530 GST Discussion-Forum TaxLaws TaxTMI Supply to SEZ unit WITH PAYMENT OF TAX /forum/issue?id=121077 /forum/issue?id=121077 Mon, 24 Aug 2026 05:12:54 +0530 GST Discussion-Forum TaxLaws TaxTMI Generating response Copilot said: GST Advance Received - Rule 50(ii) Inter-State Supply but Place of Supply Unknown for GSTR-1 Reporting /forum/issue?id=121079 /forum/issue?id=121079 Mon, 24 Aug 2026 05:12:54 +0530 GST Discussion-Forum TaxLaws TaxTMI GST | Refund or Adjustment of Tax Paid Pursuant to Favourable Advance Ruling /forum/issue?id=121063 /forum/issue?id=121063 Mon, 24 Aug 2026 05:12:54 +0530 GST Discussion-Forum TaxLaws TaxTMI One Star Export House status now accepts export performance in any two of the preceding three financial years. https://www.taxtmi.com/highlights?id=102992 https://www.taxtmi.com/highlights?id=102992 Mon, 24 Aug 2026 05:12:54 +0530 Customs Highlights TaxLaws TaxTMI Diamond Imprest Authorisation imports retain Integrated Tax exemption as Compensation Cess exemption is removed from Foreign Trade Policy provisions. https://www.taxtmi.com/highlights?id=102991 https://www.taxtmi.com/highlights?id=102991 Mon, 24 Aug 2026 05:12:54 +0530 Customs Highlights TaxLaws TaxTMI Raw sugar TRQ allocation requires in-house refining, domestic refined sugar sales, and strict utilisation or surrender compliance. https://www.taxtmi.com/highlights?id=102990 https://www.taxtmi.com/highlights?id=102990 Mon, 24 Aug 2026 05:12:54 +0530 Customs Highlights TaxLaws TaxTMI Automated export obligation extensions remove separate regional applications after committee approval for Advance Authorisation and EPCG authorisations. https://www.taxtmi.com/highlights?id=102989 https://www.taxtmi.com/highlights?id=102989 Mon, 24 Aug 2026 05:12:54 +0530 Customs Highlights TaxLaws TaxTMI Customs custody at Kamarajar Port shifts to APM Terminals for import handling and export cargo until clearance or export. https://www.taxtmi.com/highlights?id=102988 https://www.taxtmi.com/highlights?id=102988 Mon, 24 Aug 2026 05:12:54 +0530 Customs Highlights TaxLaws TaxTMI International cargo transhipment through Indian ports continues with Customs-controlled storage, re-export safeguards, and coordinated multi-station movement procedures. https://www.taxtmi.com/highlights?id=102987 https://www.taxtmi.com/highlights?id=102987 Mon, 24 Aug 2026 05:12:54 +0530 Customs Highlights TaxLaws TaxTMI Digitally signed Powers of Attorney now satisfy FPI address proof requirements without notarisation, apostillisation or consularisation. https://www.taxtmi.com/highlights?id=102986 https://www.taxtmi.com/highlights?id=102986 Mon, 24 Aug 2026 05:12:54 +0530 TaxLaws Highlights TaxTMI KRA interoperability permits IFSCA-regulated entities to access KYC systems subject to securities-market KYC and FPI data-security requirements. https://www.taxtmi.com/highlights?id=102985 https://www.taxtmi.com/highlights?id=102985 Mon, 24 Aug 2026 05:12:54 +0530 TaxLaws Highlights TaxTMI Canada will impose retaliatory tariffs on US goods beginning Sept 8 as trade negotiations collapse https://www.taxtmi.com/news?id=74403 https://www.taxtmi.com/news?id=74403 Mon, 24 Aug 2026 05:12:54 +0530 TaxLaws News TaxTMI Trade war between Canada, US deepens rupture in what had been close and durable alliance https://www.taxtmi.com/news?id=74402 https://www.taxtmi.com/news?id=74402 Mon, 24 Aug 2026 05:12:54 +0530 TaxLaws News TaxTMI Canada will impose retaliatory tariffs on US good beginning Sept 8 https://www.taxtmi.com/news?id=74401 https://www.taxtmi.com/news?id=74401 Mon, 24 Aug 2026 05:12:54 +0530 TaxLaws News TaxTMI J-K parties oppose hike in power tarrif https://www.taxtmi.com/news?id=74400 https://www.taxtmi.com/news?id=74400 Mon, 24 Aug 2026 05:12:54 +0530 TaxLaws News TaxTMI IAS officer Gangwar not ‘missing’, away in UP over father’s health: Karnataka minister https://www.taxtmi.com/news?id=74399 https://www.taxtmi.com/news?id=74399 Mon, 24 Aug 2026 05:12:54 +0530 TaxLaws News TaxTMI J-K Dy CM terms ED case against his brother 'selective targeting' https://www.taxtmi.com/news?id=74398 https://www.taxtmi.com/news?id=74398 Mon, 24 Aug 2026 05:12:54 +0530 TaxLaws News TaxTMI T'gana HC CJ calls for timely, expert dispute resolution in telecom, broadcasting, airport sectors https://www.taxtmi.com/news?id=74397 https://www.taxtmi.com/news?id=74397 Mon, 24 Aug 2026 05:12:54 +0530 TaxLaws News TaxTMI Latur CA booked for issuing certificates to facilitate remittance of hundreds of crores abroad https://www.taxtmi.com/news?id=74396 https://www.taxtmi.com/news?id=74396 Mon, 24 Aug 2026 05:12:54 +0530 TaxLaws News TaxTMI Stock Market for Beginners: How to Start Investing Without Feeling Overwhelmed https://www.taxtmi.com/news?id=74395 https://www.taxtmi.com/news?id=74395 Mon, 24 Aug 2026 05:12:54 +0530 TaxLaws News TaxTMI Amendment in Para 1.25 of the Foreign Trade Policy, 2023. https://www.taxtmi.com/notifications?id=146699 https://www.taxtmi.com/notifications?id=146699 Mon, 24 Aug 2026 05:12:54 +0530 Customs Notifications TaxLaws TaxTMI CGST Zone detects clandestine pan masala, tobacco unit, detects tax evasion of Rs 160 cr https://www.taxtmi.com/news?id=74394 https://www.taxtmi.com/news?id=74394 Mon, 24 Aug 2026 05:12:54 +0530 TaxLaws News TaxTMI Korea Industry Expo (KoINDEX) 2026 Opens at Yashobhoomi on 27 August https://www.taxtmi.com/news?id=74393 https://www.taxtmi.com/news?id=74393 Mon, 24 Aug 2026 05:12:54 +0530 TaxLaws News TaxTMI Protection in predicate offence doesn't automatically extend to PMLA case: Delhi HC https://www.taxtmi.com/news?id=74392 https://www.taxtmi.com/news?id=74392 Mon, 24 Aug 2026 05:12:54 +0530 TaxLaws News TaxTMI GST appeal limitation permits exclusion for bona fide rectification proceedings, but rectification does not automatically restart the appeal period. https://www.taxtmi.com/highlights?id=102984 https://www.taxtmi.com/highlights?id=102984 Mon, 24 Aug 2026 05:12:54 +0530 GST Highlights TaxLaws TaxTMI RECOVERY OF DEBT DETERMINED BY ‘DRT’ https://www.taxtmi.com/article/detailed?id=17254 https://www.taxtmi.com/article/detailed?id=17254 Mon, 24 Aug 2026 05:12:54 +0530 Corporate Laws Articles TaxLaws TaxTMI IBC: MORATORIUM AND SECTION 138 OF NI ACT https://www.taxtmi.com/article/detailed?id=17253 https://www.taxtmi.com/article/detailed?id=17253 Mon, 24 Aug 2026 05:12:54 +0530 Corporate Laws Articles TaxLaws TaxTMI Your supplier pocketed the GST. Here's why you lose the ITC, and what to fix in your next purchase order https://www.taxtmi.com/article/detailed?id=17252 https://www.taxtmi.com/article/detailed?id=17252 Mon, 24 Aug 2026 05:12:54 +0530 GST Articles TaxLaws TaxTMI Layers of SVB Assessment and Its Correlation with Transfer Pricing under Indian Law. https://www.taxtmi.com/article/detailed?id=17251 https://www.taxtmi.com/article/detailed?id=17251 Mon, 24 Aug 2026 05:12:54 +0530 Customs Articles TaxLaws TaxTMI GST Paid Under The Wrong Head - Should The Taxpayer Pay Again? https://www.taxtmi.com/article/detailed?id=17250 https://www.taxtmi.com/article/detailed?id=17250 Mon, 24 Aug 2026 05:12:54 +0530 GST Articles TaxLaws TaxTMI My 200th Article On Tax TMI - Learning Has No Retirement Age- The Journey Ends Only When Curiosity Ends https://www.taxtmi.com/article/detailed?id=17249 https://www.taxtmi.com/article/detailed?id=17249 Mon, 24 Aug 2026 05:12:54 +0530 TaxLaws Articles TaxTMI Layers of Customs Declaration under Indian Customs Law. https://www.taxtmi.com/article/detailed?id=17248 https://www.taxtmi.com/article/detailed?id=17248 Mon, 24 Aug 2026 05:12:54 +0530 Customs Articles TaxLaws TaxTMI GST Risk Management: Building an Effective Internal Tax Control Framework - A Detailed Legal Analysis. https://www.taxtmi.com/article/detailed?id=17247 https://www.taxtmi.com/article/detailed?id=17247 Mon, 24 Aug 2026 05:12:54 +0530 GST Articles TaxLaws TaxTMI ISO 31000:2018 Enterprise Risk Management: A Comprehensive Guide to Risk Identification, Assessment, and Mitigation. https://www.taxtmi.com/article/detailed?id=17246 https://www.taxtmi.com/article/detailed?id=17246 Mon, 24 Aug 2026 05:12:54 +0530 TaxLaws Articles TaxTMI AI-generated legal material requires independent verification and human oversight; GST cancellation proceedings require fresh reasoned adjudication. https://www.taxtmi.com/highlights?id=102983 https://www.taxtmi.com/highlights?id=102983 Mon, 24 Aug 2026 05:12:54 +0530 GST Highlights TaxLaws TaxTMI Transitional credit refunds require Electronic Credit Ledger proof, while belated writs cannot bypass expired statutory appeal limitation. https://www.taxtmi.com/highlights?id=102982 https://www.taxtmi.com/highlights?id=102982 Mon, 24 Aug 2026 05:12:54 +0530 GST Highlights TaxLaws TaxTMI Passport renewal during criminal proceedings can run full term where prior court approval effectively safeguards foreign travel. https://www.taxtmi.com/highlights?id=102981 https://www.taxtmi.com/highlights?id=102981 Mon, 24 Aug 2026 05:12:55 +0530 GST Highlights TaxLaws TaxTMI GST registration cancellation requires a specified personal hearing and uploaded verification records; non-compliance invalidates the proceedings. https://www.taxtmi.com/highlights?id=102980 https://www.taxtmi.com/highlights?id=102980 Mon, 24 Aug 2026 05:12:55 +0530 GST Highlights TaxLaws TaxTMI Special input tax credit procedure is authorised, while safeguards for the six-month rectification period remain under consideration. https://www.taxtmi.com/highlights?id=102979 https://www.taxtmi.com/highlights?id=102979 Mon, 24 Aug 2026 05:12:55 +0530 GST Highlights TaxLaws TaxTMI Effective service of GST show cause notices requires more than portal upload before ex parte adjudication can stand. https://www.taxtmi.com/highlights?id=102978 https://www.taxtmi.com/highlights?id=102978 Mon, 24 Aug 2026 05:12:55 +0530 GST Highlights TaxLaws TaxTMI Electronic cash ledger refunds require notice, hearing and a reasoned Commissioner determination before withholding during a pending revenue appeal. https://www.taxtmi.com/highlights?id=102977 https://www.taxtmi.com/highlights?id=102977 Mon, 24 Aug 2026 05:12:55 +0530 GST Highlights TaxLaws TaxTMI GST appeal limitation restricts delay condonation to the statutory extension, barring appeals filed after both prescribed periods. https://www.taxtmi.com/highlights?id=102976 https://www.taxtmi.com/highlights?id=102976 Mon, 24 Aug 2026 05:12:55 +0530 GST Highlights TaxLaws TaxTMI GST portal upload without valid communication does not trigger appeal limitation; delayed statutory appeal restored for merits review. https://www.taxtmi.com/highlights?id=102975 https://www.taxtmi.com/highlights?id=102975 Mon, 24 Aug 2026 05:12:55 +0530 GST Highlights TaxLaws TaxTMI Collateral challenge to GST adjudication order failed, but bona fide pursuit of writ remedy preserved statutory appellate recourse. https://www.taxtmi.com/highlights?id=102974 https://www.taxtmi.com/highlights?id=102974 Mon, 24 Aug 2026 05:12:55 +0530 GST Highlights TaxLaws TaxTMI Portal-only GST notice after registration cancellation is ineffective, requiring fresh adjudication and personal hearing when requested. https://www.taxtmi.com/highlights?id=102973 https://www.taxtmi.com/highlights?id=102973 Mon, 24 Aug 2026 05:12:55 +0530 GST Highlights TaxLaws TaxTMI IGST export refund restrictions under omitted Rule 96(10) cannot sustain proceedings without a saving clause. https://www.taxtmi.com/highlights?id=102972 https://www.taxtmi.com/highlights?id=102972 Mon, 24 Aug 2026 05:12:55 +0530 GST Highlights TaxLaws TaxTMI Duplicate GST adjudication for identical issues and periods is unsustainable when earlier Central GST proceedings remain under appeal https://www.taxtmi.com/highlights?id=102971 https://www.taxtmi.com/highlights?id=102971 Mon, 24 Aug 2026 05:12:55 +0530 GST Highlights TaxLaws TaxTMI Suppression under GST requires proven intent to evade; ineligible ITC or audit non-response alone cannot sustain demand. https://www.taxtmi.com/highlights?id=102970 https://www.taxtmi.com/highlights?id=102970 Mon, 24 Aug 2026 05:12:55 +0530 GST Highlights TaxLaws TaxTMI Legal-heir GST liability requires estate-based notice, while retrospective input tax credit relief overrides belated-return disallowance. https://www.taxtmi.com/highlights?id=102969 https://www.taxtmi.com/highlights?id=102969 Mon, 24 Aug 2026 05:12:55 +0530 GST Highlights TaxLaws TaxTMI Psyllium seed classification under Heading 1211 makes dried, godown-stored supplies taxable and excludes fresh-seed GST exemption. https://www.taxtmi.com/highlights?id=102968 https://www.taxtmi.com/highlights?id=102968 Mon, 24 Aug 2026 05:12:55 +0530 GST Highlights TaxLaws TaxTMI Specificity of penalty charge is mandatory: notices retaining both section 271(1)(c) limbs cannot sustain penalty proceedings. https://www.taxtmi.com/highlights?id=102967 https://www.taxtmi.com/highlights?id=102967 Mon, 24 Aug 2026 05:12:55 +0530 Income Tax Highlights TaxLaws TaxTMI Pre-reassessment procedural safeguards permit prima facie review without oral hearing, but require meaningful hearing during reassessment proceedings. https://www.taxtmi.com/highlights?id=102966 https://www.taxtmi.com/highlights?id=102966 Mon, 24 Aug 2026 05:12:55 +0530 Income Tax Highlights TaxLaws TaxTMI Subletting charges required under a lease reduce rental income before the standard house-property deduction is applied. https://www.taxtmi.com/highlights?id=102965 https://www.taxtmi.com/highlights?id=102965 Mon, 24 Aug 2026 05:12:55 +0530 Income Tax Highlights TaxLaws TaxTMI Cash receipts for immovable property transfers fall under specified sum rules, but penalty fails for the wrong assessment year. https://www.taxtmi.com/highlights?id=102964 https://www.taxtmi.com/highlights?id=102964 Mon, 24 Aug 2026 05:12:55 +0530 Income Tax Highlights TaxLaws TaxTMI Section 87A rebate remains available against short-term capital gains tax under the concessional tax regime. https://www.taxtmi.com/highlights?id=102963 https://www.taxtmi.com/highlights?id=102963 Mon, 24 Aug 2026 05:12:55 +0530 Income Tax Highlights TaxLaws TaxTMI Agricultural income from date sales remains exempt when yield and expenditure estimates lack contrary evidentiary support. https://www.taxtmi.com/highlights?id=102962 https://www.taxtmi.com/highlights?id=102962 Mon, 24 Aug 2026 05:12:55 +0530 Income Tax Highlights TaxLaws TaxTMI Section 115BBE requires income to fall within deeming provisions; survey surrender alone attracts taxation at normal rates. https://www.taxtmi.com/highlights?id=102961 https://www.taxtmi.com/highlights?id=102961 Mon, 24 Aug 2026 05:12:55 +0530 Income Tax Highlights TaxLaws TaxTMI Donor-directed corpus contributions retain capital character despite exemption claims under section 10(23C)(vi), preventing their treatment as taxable revenue. https://www.taxtmi.com/highlights?id=102960 https://www.taxtmi.com/highlights?id=102960 Mon, 24 Aug 2026 05:12:55 +0530 Income Tax Highlights TaxLaws TaxTMI Enhanced tax-audit threshold applies where banking records establish compliant non-cash receipts and payments, eliminating penalty exposure for audit failure. https://www.taxtmi.com/highlights?id=102959 https://www.taxtmi.com/highlights?id=102959 Mon, 24 Aug 2026 05:12:55 +0530 Income Tax Highlights TaxLaws TaxTMI Transfer pricing consistency protects identical non-interest-bearing debenture terms from a later notional-interest adjustment without valid statutory proceedings. https://www.taxtmi.com/highlights?id=102958 https://www.taxtmi.com/highlights?id=102958 Mon, 24 Aug 2026 05:12:55 +0530 Income Tax Highlights TaxLaws TaxTMI Rectification of debatable deduction claims cannot reverse scrutiny-approved co-operative society interest income deductions as apparent record errors. https://www.taxtmi.com/highlights?id=102957 https://www.taxtmi.com/highlights?id=102957 Mon, 24 Aug 2026 05:12:55 +0530 Income Tax Highlights TaxLaws TaxTMI Sub-contract cost deductions allowed where contractual arrangements showed the assessee bore transportation, labour cess and copy charges. https://www.taxtmi.com/highlights?id=102956 https://www.taxtmi.com/highlights?id=102956 Mon, 24 Aug 2026 05:12:55 +0530 Income Tax Highlights TaxLaws TaxTMI Cash-method accounting bars presumptive interest taxation, while unsupported securities and share-trading additions require reliable material and verification. https://www.taxtmi.com/highlights?id=102955 https://www.taxtmi.com/highlights?id=102955 Mon, 24 Aug 2026 05:12:55 +0530 Income Tax Highlights TaxLaws TaxTMI Head office expenditure rules restrict full deduction of overseas NRI Desk costs as direct business expenditure. https://www.taxtmi.com/highlights?id=102954 https://www.taxtmi.com/highlights?id=102954 Mon, 24 Aug 2026 05:12:55 +0530 Income Tax Highlights TaxLaws TaxTMI Offshore principal-to-principal sales avoid Indian taxation where no business connection or fixed place or agency permanent establishment exists. https://www.taxtmi.com/highlights?id=102953 https://www.taxtmi.com/highlights?id=102953 Mon, 24 Aug 2026 05:12:55 +0530 Income Tax Highlights TaxLaws TaxTMI Owner knowledge of share allotment and buy-back defeats benami classification and prevents confirmation of provisional attachment. https://www.taxtmi.com/highlights?id=102952 https://www.taxtmi.com/highlights?id=102952 Mon, 24 Aug 2026 05:12:55 +0530 TaxLaws Highlights TaxTMI Retrospective Foreign Trade Policy amendments cannot extinguish accrued SEIS benefits for eligible services rendered under the operative scheme. https://www.taxtmi.com/highlights?id=102951 https://www.taxtmi.com/highlights?id=102951 Mon, 24 Aug 2026 05:12:55 +0530 Customs Highlights TaxLaws TaxTMI Redemption of confiscated foreign currency requires case-specific discretion, with release available on lawful payment of redemption fine. https://www.taxtmi.com/highlights?id=102950 https://www.taxtmi.com/highlights?id=102950 Mon, 24 Aug 2026 05:12:55 +0530 Customs Highlights TaxLaws TaxTMI Aluminium hollow profile classification follows imported condition, preserving Solar PV Module end-use exemption where certified procedures are met. https://www.taxtmi.com/highlights?id=102949 https://www.taxtmi.com/highlights?id=102949 Mon, 24 Aug 2026 05:12:55 +0530 Customs Highlights TaxLaws TaxTMI Personal-use keyboard classification cannot invoke baggage tariff treatment where its specific customs entry carries a free duty rate. https://www.taxtmi.com/highlights?id=102948 https://www.taxtmi.com/highlights?id=102948 Mon, 24 Aug 2026 05:12:55 +0530 Customs Highlights TaxLaws TaxTMI Certificate-of-origin verification failures undermine preferential tariff denial when specific certificates remain untested and retracted statements lack corroboration. https://www.taxtmi.com/highlights?id=102947 https://www.taxtmi.com/highlights?id=102947 Mon, 24 Aug 2026 05:12:55 +0530 Customs Highlights TaxLaws TaxTMI Customs transaction value prevails where unauthenticated export records and absent contemporaneous import evidence fail to prove under-valuation. https://www.taxtmi.com/highlights?id=102946 https://www.taxtmi.com/highlights?id=102946 Mon, 24 Aug 2026 05:12:55 +0530 Customs Highlights TaxLaws TaxTMI Roasted nut classification places heat-treated walnuts under prepared edible plant products, while preferential duty requires proof of origin. https://www.taxtmi.com/highlights?id=102945 https://www.taxtmi.com/highlights?id=102945 Mon, 24 Aug 2026 05:12:55 +0530 Customs Highlights TaxLaws TaxTMI Specific IGST classification for veterinary APIs as drugs prevails over the general organic chemicals entry, subject to nil-rate exclusion. https://www.taxtmi.com/highlights?id=102944 https://www.taxtmi.com/highlights?id=102944 Mon, 24 Aug 2026 05:12:55 +0530 Customs Highlights TaxLaws TaxTMI Prior judicial determination bars repeat advance rulings; oven-roasted walnuts fall under roasted nuts, subject to origin-based duty concessions. https://www.taxtmi.com/highlights?id=102943 https://www.taxtmi.com/highlights?id=102943 Mon, 24 Aug 2026 05:12:55 +0530 Customs Highlights TaxLaws TaxTMI Interim moratorium exclusion applies to pending personal-guarantor insolvency applications, preventing its use to bar recovery suits. https://www.taxtmi.com/highlights?id=102942 https://www.taxtmi.com/highlights?id=102942 Mon, 24 Aug 2026 05:12:55 +0530 TaxLaws Highlights TaxTMI Section 7 admission requires established financial debt and default, not precise interest quantification, while post-suspension defaults remain actionable. https://www.taxtmi.com/highlights?id=102941 https://www.taxtmi.com/highlights?id=102941 Mon, 24 Aug 2026 05:12:55 +0530 TaxLaws Highlights TaxTMI Disproportionate assets can constitute a predicate offence for money-laundering, supporting attachment limited to the unlawful asset value. https://www.taxtmi.com/highlights?id=102940 https://www.taxtmi.com/highlights?id=102940 Mon, 24 Aug 2026 05:12:55 +0530 PMLA Highlights TaxLaws TaxTMI CCI imposes monetary and non-monetary sanctions on Agro Input Dealers Association, Agro Input Welfare Association for indulging in anti-competitive conduct https://www.taxtmi.com/news?id=74389 https://www.taxtmi.com/news?id=74389 Mon, 24 Aug 2026 05:12:55 +0530 TaxLaws News TaxTMI CCI imposes penalty on Rekha Agencies and SS Marketing for indulging in anti-competitive conduct in respect of Himachal Pradesh Tender 2013 for the procurement of tyres https://www.taxtmi.com/news?id=74387 https://www.taxtmi.com/news?id=74387 Mon, 24 Aug 2026 05:12:55 +0530 TaxLaws News TaxTMI DFS Concludes Two-Day Workshop on Enhancing Accessibility of Financial Services for Divyangjans https://www.taxtmi.com/news?id=74391 https://www.taxtmi.com/news?id=74391 Mon, 24 Aug 2026 05:12:55 +0530 TaxLaws News TaxTMI National Financial Reporting Authority (NFRA) conducts sixth outreach programmes with focus on small and medium auditors under the theme “Creating a Better Financial Reporting Ecosystem” in Ahmedabad https://www.taxtmi.com/news?id=74390 https://www.taxtmi.com/news?id=74390 Mon, 24 Aug 2026 05:12:55 +0530 TaxLaws News TaxTMI Corrigendum to Notification No. S.O. 2701(E) dated 29th May, 2026 https://www.taxtmi.com/notifications?id=146704 https://www.taxtmi.com/notifications?id=146704 Mon, 24 Aug 2026 05:12:55 +0530 TaxLaws Notifications TaxTMI India-Finland cooperation takes centre stage at circular economy forum https://www.taxtmi.com/news?id=74388 https://www.taxtmi.com/news?id=74388 Mon, 24 Aug 2026 05:12:55 +0530 TaxLaws News TaxTMI Notification regarding designation of Career Centres (Central) under the Social Security (Central) Rules, 2026 https://www.taxtmi.com/notifications?id=146703 https://www.taxtmi.com/notifications?id=146703 Mon, 24 Aug 2026 05:12:55 +0530 TaxLaws Notifications TaxTMI Approval under Section 45(4)(b) of the Income Tax Act, 2025 for "International Institute of Bio Technology and Toxicology, Tamil Nadu". https://www.taxtmi.com/notifications?id=146702 https://www.taxtmi.com/notifications?id=146702 Mon, 24 Aug 2026 05:12:55 +0530 Income Tax Notifications TaxLaws TaxTMI Issuance of Public Notice in respect of M/s. APM Terminals India Pvt. Ltd. - Appointment of Custodian under Section 45(1) of the Customs Act, 1962 for goods imported/exported through Kamarajar Port, Ennore https://www.taxtmi.com/circulars?id=70878 https://www.taxtmi.com/circulars?id=70878 Mon, 24 Aug 2026 05:12:55 +0530 Customs Circulars TaxLaws TaxTMI Seeks to amend Notification No. 47/2021-Customs (ADD), dated the 26th August, 2021 https://www.taxtmi.com/notifications?id=146701 https://www.taxtmi.com/notifications?id=146701 Mon, 24 Aug 2026 05:12:55 +0530 Customs Notifications TaxLaws TaxTMI Seeks to exempt 10 lakh MT of raw sugar falling under tariff heading 1701 from the whole of the customs duty leviable thereon under the First Schedule to the Customs Tariff Act, 1975, up to 31st October, 2026, when imported under the Tariff Rate Quota (TRQ) Scheme (Open General Licence https://www.taxtmi.com/notifications?id=146700 https://www.taxtmi.com/notifications?id=146700 Mon, 24 Aug 2026 05:12:55 +0530 Customs Notifications TaxLaws TaxTMI US is set to impose 50% tariffs on $20 billion worth of Canadian products https://www.taxtmi.com/news?id=74386 https://www.taxtmi.com/news?id=74386 Mon, 24 Aug 2026 05:12:55 +0530 TaxLaws News TaxTMI Rupee settles 3 paise higher at 95.71 against US dollar https://www.taxtmi.com/news?id=74385 https://www.taxtmi.com/news?id=74385 Mon, 24 Aug 2026 05:12:55 +0530 TaxLaws News TaxTMI 29 FDI Investments Worth Rs.4,895.65 Crore Reported Under Revised Framework https://www.taxtmi.com/news?id=74384 https://www.taxtmi.com/news?id=74384 Mon, 24 Aug 2026 05:12:55 +0530 TaxLaws News TaxTMI India and ADB sign $230 million loan to modernise water supply and sanitation in Chennai https://www.taxtmi.com/news?id=74383 https://www.taxtmi.com/news?id=74383 Mon, 24 Aug 2026 05:12:55 +0530 TaxLaws News TaxTMI DGGI unearths clandestine pan masala and tobacco manufacturing network in Uttar Pradesh; 27 undeclared pouch-packing machines seized, evasion of about Rs.185 crore detected https://www.taxtmi.com/news?id=74382 https://www.taxtmi.com/news?id=74382 Mon, 24 Aug 2026 05:12:55 +0530 TaxLaws News TaxTMI Mission SAKSHAM: Scaling Capability through Co-operation - Keynote Address by Shri Swaminathan J, Deputy Governor at Mission SAKSHAM Programme for Directors, MDs and CEOs of Urban Co-operative Banks in Telangana, Hyderabad on August 7, 2026 https://www.taxtmi.com/news?id=74381 https://www.taxtmi.com/news?id=74381 Mon, 24 Aug 2026 05:12:55 +0530 TaxLaws News TaxTMI India’s Foreign Exchange Markets: Getting ready for the next Decade [Keynote Address delivered by Deputy Governor Shri Rohit Jain on the Annual Day of the Foreign Exchange Dealers' Association of India (FEDAI) on August 14, 2026] - Keynote Address delivered by Shri Rohit Jain, Deputy Governor on the Annual Day of the Foreign Exchange Dealers' Association of India (FEDAI) on August 14, 2026 https://www.taxtmi.com/news?id=74380 https://www.taxtmi.com/news?id=74380 Mon, 24 Aug 2026 05:12:55 +0530 TaxLaws News TaxTMI Introduction of Automated Facility for Grant of Export Obligation Extension through PRC/EPCG Committee - Ease of Doing Business https://www.taxtmi.com/circulars?id=70893 https://www.taxtmi.com/circulars?id=70893 Mon, 24 Aug 2026 05:12:55 +0530 Customs Circulars TaxLaws TaxTMI Govt rejects ethanol link to sugar price surge, says duty free imports allowed to curb prices https://www.taxtmi.com/news?id=74379 https://www.taxtmi.com/news?id=74379 Mon, 24 Aug 2026 05:12:55 +0530 TaxLaws News TaxTMI Amendment to Para 4.63 of FTP-2023 https://www.taxtmi.com/notifications?id=146698 https://www.taxtmi.com/notifications?id=146698 Mon, 24 Aug 2026 05:12:55 +0530 Customs Notifications TaxLaws TaxTMI China moves to wrap up saga of troubled property giant Evergrande after founder gets life sentence https://www.taxtmi.com/news?id=74378 https://www.taxtmi.com/news?id=74378 Mon, 24 Aug 2026 05:12:55 +0530 TaxLaws News TaxTMI India's forex kitty swells USD 9.9 bn to USD 716.9 bn https://www.taxtmi.com/news?id=74377 https://www.taxtmi.com/news?id=74377 Mon, 24 Aug 2026 05:12:55 +0530 TaxLaws News TaxTMI Bengaluru airport: AERA slashes user development fee to Rs 300 for domestic passengers https://www.taxtmi.com/news?id=74376 https://www.taxtmi.com/news?id=74376 Mon, 24 Aug 2026 05:12:55 +0530 TaxLaws News TaxTMI NUMR Inc. helps deliver Axis Bank's data-driven excellence in customer experience https://www.taxtmi.com/news?id=74375 https://www.taxtmi.com/news?id=74375 Mon, 24 Aug 2026 05:12:55 +0530 TaxLaws News TaxTMI ED can't add old FIR to Enforcement Case Information Report to sustain PMLA proceedings: Delhi HC https://www.taxtmi.com/news?id=74374 https://www.taxtmi.com/news?id=74374 Mon, 24 Aug 2026 05:12:55 +0530 TaxLaws News TaxTMI Provisional release of imported areca nuts granted on personal bond while classification and customs duty await adjudication. https://www.taxtmi.com/highlights?id=102939 https://www.taxtmi.com/highlights?id=102939 Mon, 24 Aug 2026 05:12:55 +0530 Customs Highlights TaxLaws TaxTMI Rupee settles on flat note, 3 paise higher at 95.71 against US dollar https://www.taxtmi.com/news?id=74373 https://www.taxtmi.com/news?id=74373 Mon, 24 Aug 2026 05:12:55 +0530 TaxLaws News TaxTMI VinFast India Partners with Federal Bank to Strengthen Dealer Financing Ecosystem https://www.taxtmi.com/news?id=74372 https://www.taxtmi.com/news?id=74372 Mon, 24 Aug 2026 05:12:55 +0530 TaxLaws News TaxTMI Sugar prices soar to Rs 70 per kg ahead of festive season in Bengal, jaggery also dearer https://www.taxtmi.com/news?id=74371 https://www.taxtmi.com/news?id=74371 Mon, 24 Aug 2026 05:12:55 +0530 TaxLaws News TaxTMI Return of export cargo from international waters due to closure of the Strait of Hormuz - Section 143AA of the Customs Act, 1962 https://www.taxtmi.com/circulars?id=70874 https://www.taxtmi.com/circulars?id=70874 Mon, 24 Aug 2026 05:12:55 +0530 Customs Circulars TaxLaws TaxTMI Modalities for Application and Distribution of TRQ for Import of 10 Lakh MT of Raw Sugar and one-time conversion from Advance Authorisation (AA) Scheme to Tariff Rate Quota (TRQ) Scheme https://www.taxtmi.com/circulars?id=70872 https://www.taxtmi.com/circulars?id=70872 Mon, 24 Aug 2026 05:12:55 +0530 Customs Circulars TaxLaws TaxTMI Amendment in Para 2.52 and 2.53 of the Foreign Trade Policy (FTP) 2023 https://www.taxtmi.com/notifications?id=146677 https://www.taxtmi.com/notifications?id=146677 Mon, 24 Aug 2026 05:12:55 +0530 Customs Notifications TaxLaws TaxTMI Extension of time for filing appeals before the GST Appellate Tribunal https://www.taxtmi.com/notifications?id=146681 https://www.taxtmi.com/notifications?id=146681 Mon, 24 Aug 2026 05:12:55 +0530 GST Notifications TaxLaws TaxTMI Rupee gains 9 paise to 95.65 against US dollar in early trade https://www.taxtmi.com/news?id=74370 https://www.taxtmi.com/news?id=74370 Mon, 24 Aug 2026 05:12:55 +0530 TaxLaws News TaxTMI Amendment in import policy of Raw Sugar classified under Exim Code 170114 of Chapter 17 of Schedule–1 (Import Policy) of ITC (HS), 2022 and one-time conversion from Advance Authorisation Scheme to Tariff Rate Quota (TRQ) Scheme https://www.taxtmi.com/notifications?id=146680 https://www.taxtmi.com/notifications?id=146680 Mon, 24 Aug 2026 05:12:55 +0530 Customs Notifications TaxLaws TaxTMI Union Minister of State for Finance Shri Pankaj Chaudhary participated virtually in 21st Award Ceremony of Security Printing and Minting Corporation of India Limited (SPMCIL) in New Delhi. https://www.taxtmi.com/news?id=74369 https://www.taxtmi.com/news?id=74369 Mon, 24 Aug 2026 05:12:55 +0530 TaxLaws News TaxTMI TECHNICAL STANDARDIZATION IS NOT COMMERCIAL CONTROL: Critically Analysing the Bloomberg LP Permanent Establishment Ruling https://www.taxtmi.com/article/detailed?id=17245 https://www.taxtmi.com/article/detailed?id=17245 Mon, 24 Aug 2026 05:12:55 +0530 Income Tax Articles TaxLaws TaxTMI Layers of E-Way Bill under the Provisions of GST Laws. https://www.taxtmi.com/article/detailed?id=17244 https://www.taxtmi.com/article/detailed?id=17244 Mon, 24 Aug 2026 05:12:55 +0530 GST Articles TaxLaws TaxTMI Known Facts Cannot Become Suppression - The Limits of Extended Limitation https://www.taxtmi.com/article/detailed?id=17243 https://www.taxtmi.com/article/detailed?id=17243 Mon, 24 Aug 2026 05:12:55 +0530 Excise Articles TaxLaws TaxTMI No Secret Arrest Order Under GST - Communication Must Precede Arrest https://www.taxtmi.com/article/detailed?id=17242 https://www.taxtmi.com/article/detailed?id=17242 Mon, 24 Aug 2026 05:12:55 +0530 GST Articles TaxLaws TaxTMI ISO 26000:2010 - Social Responsibility in Modern Organizations: A Comprehensive Guide to Corporate Social Responsibility (CSR), Ethics, and Sustainable Development. https://www.taxtmi.com/article/detailed?id=17241 https://www.taxtmi.com/article/detailed?id=17241 Mon, 24 Aug 2026 05:12:55 +0530 Corporate Laws Articles TaxLaws TaxTMI Lean Manufacturing: Eliminating Non-Value-Adding Activities for Increased Efficiency and Sustainability. https://www.taxtmi.com/article/detailed?id=17240 https://www.taxtmi.com/article/detailed?id=17240 Mon, 24 Aug 2026 05:12:55 +0530 TaxLaws Articles TaxTMI Genchi Genbutsu ( ): "Go and See" Problems at the Source for Better Decision-Making and Faster Problem Solving. https://www.taxtmi.com/article/detailed?id=17239 https://www.taxtmi.com/article/detailed?id=17239 Mon, 24 Aug 2026 05:12:55 +0530 TaxLaws Articles TaxTMI Criminal antecedents justified bail refusal, while appointment of a Special Judge was sought to expedite charge framing. https://www.taxtmi.com/highlights?id=102938 https://www.taxtmi.com/highlights?id=102938 Mon, 24 Aug 2026 05:12:55 +0530 GST Highlights TaxLaws TaxTMI Real estate anti-profiteering methodology requires fresh GSTAT consideration after the input-tax-credit-to-turnover computation order was quashed. https://www.taxtmi.com/highlights?id=102937 https://www.taxtmi.com/highlights?id=102937 Mon, 24 Aug 2026 05:12:55 +0530 GST Highlights TaxLaws TaxTMI Portal-only service of contested GST adjudication orders does not trigger limitation for statutory appeal filing. https://www.taxtmi.com/highlights?id=102936 https://www.taxtmi.com/highlights?id=102936 Mon, 24 Aug 2026 05:12:55 +0530 GST Highlights TaxLaws TaxTMI Interest on refunded ocean freight IGST must be granted under the applicable precedent within the prescribed timeframe. https://www.taxtmi.com/highlights?id=102935 https://www.taxtmi.com/highlights?id=102935 Mon, 24 Aug 2026 05:12:55 +0530 GST Highlights TaxLaws TaxTMI Ex parte GST rectification cannot replace fresh adjudication when replies were ignored and personal hearing was denied. https://www.taxtmi.com/highlights?id=102934 https://www.taxtmi.com/highlights?id=102934 Mon, 24 Aug 2026 05:12:55 +0530 GST Highlights TaxLaws TaxTMI Regular bail in alleged excise-duty evasion refused due to pending investigation and risk of influencing evidence. https://www.taxtmi.com/highlights?id=102933 https://www.taxtmi.com/highlights?id=102933 Mon, 24 Aug 2026 05:12:55 +0530 GST Highlights TaxLaws TaxTMI Regular bail in pending GST evasion investigation declined due to alleged unaccounted stock, undocumented purchases, and offence gravity. https://www.taxtmi.com/highlights?id=102932 https://www.taxtmi.com/highlights?id=102932 Mon, 24 Aug 2026 05:12:55 +0530 GST Highlights TaxLaws TaxTMI Reasonable apprehension of arrest is essential for pre-arrest bail; a CGST summons alone does not establish it. https://www.taxtmi.com/highlights?id=102931 https://www.taxtmi.com/highlights?id=102931 Mon, 24 Aug 2026 05:12:55 +0530 GST Highlights TaxLaws TaxTMI Valid GST service requires acknowledgment or response; portal-only uploads do not trigger appeal limitation or sustain ex parte adjudication. https://www.taxtmi.com/highlights?id=102930 https://www.taxtmi.com/highlights?id=102930 Mon, 24 Aug 2026 05:12:55 +0530 GST Highlights TaxLaws TaxTMI Bill-to ship-to export refunds survive toll-data objections when undisputed transport and export records prove physical movement. https://www.taxtmi.com/highlights?id=102928 https://www.taxtmi.com/highlights?id=102928 Mon, 24 Aug 2026 05:12:55 +0530 GST Highlights TaxLaws TaxTMI Excess ITC reversal through DRC-03 remains valid despite blank reasons column, while interest and penalty waiver may apply. https://www.taxtmi.com/highlights?id=102927 https://www.taxtmi.com/highlights?id=102927 Mon, 24 Aug 2026 05:12:55 +0530 GST Highlights TaxLaws TaxTMI Belated Form 10B filing during Covid-19 cannot defeat charitable exemption where genuine hardship warrants condonation and substantial justice prevails. https://www.taxtmi.com/highlights?id=102926 https://www.taxtmi.com/highlights?id=102926 Mon, 24 Aug 2026 05:12:55 +0530 Income Tax Highlights TaxLaws TaxTMI Non-resident share premium remains capital receipt; reassessment cannot shift from alleged share sale to uncommunicated genuineness objections. https://www.taxtmi.com/highlights?id=102925 https://www.taxtmi.com/highlights?id=102925 Mon, 24 Aug 2026 05:12:55 +0530 Income Tax Highlights TaxLaws TaxTMI Section 54 residential-house investment fulfilled the substantive exemption condition despite non-deposit under the Capital Gains Account Scheme. https://www.taxtmi.com/highlights?id=102924 https://www.taxtmi.com/highlights?id=102924 Mon, 24 Aug 2026 05:12:55 +0530 Income Tax Highlights TaxLaws TaxTMI Consequential assessment orders allowing verified purchases bind the Department, making challenges to purchase disallowances infructuous after remand. https://www.taxtmi.com/highlights?id=102923 https://www.taxtmi.com/highlights?id=102923 Mon, 24 Aug 2026 05:12:55 +0530 Income Tax Highlights TaxLaws TaxTMI TMI Updates - Newsletter dated: August 24, 2026 https://www.taxtmi.com/newsletter?id=08/24/2026 https://www.taxtmi.com/newsletter?id=08/24/2026 Daily Updates Tax