Veterinary active pharmaceutical ingredients used to prevent and treat coccidiosis in poultry qualify as drugs and medicines where they have established therapeutic use, regulatory recognition and import licensing as drugs. The inclusive definition of "drug" covers substances used as drug components, so bulk drugs and APIs retain that character when used directly or in formulations. The specific description-based IGST entry for drugs and medicines applies across tariff chapters and prevails over the general entry for organic chemicals. Clopidol (VET) and Amprolium 100% (VET) are therefore taxable at the 5% IGST rate, provided they are not covered by the nil-rate entry.

Prior judicial determination of an identical classification issue bars an advance-ruling application where no material distinguishing facts or new circumstances are shown. Roasted areca nuts therefore could not be reconsidered on merits. Oven-roasted walnuts, whose roasting changes their flavour, colour and texture and makes them ready for consumption, are not treated as merely preserved nuts under Chapter 8. They fall under Customs Tariff Item 2008 19 91 as other roasted nuts and seeds. Concessional customs duty requires strict compliance with the applicable exemption notification, tariff entry and origin conditions prevailing on import; the importer must prove origin to the competent customs officer's satisfaction.

Section 96(4) of the Insolvency and Bankruptcy Code applies retroactively to pending insolvency applications involving personal guarantors to corporate debtors. The exclusion removes the pre-admission interim moratorium that could otherwise delay recovery proceedings; it affects pending transactions rather than completed transactions. The phrase "is filed" includes applications filed before the amendment's commencement but still pending thereafter. Consequently, the personal guarantor could not rely on an interim moratorium to bar the suit, and the request to reject the plaint on that basis was dismissed.

Section 7 admission of a corporate insolvency resolution process requires establishment of financial debt and default exceeding the applicable threshold; exact quantification of the payable amount or disputed interest is not required at the admission stage. Assigned loan debt and continuing non-payment under a subsequent one-time settlement supported admission where the debtor repeatedly failed to meet repayment commitments. Section 10A immunity does not apply where the settlement was revoked before the statutory Covid exclusion period and the stated default date fell after that period, despite the default continuing through it. The insolvency admission was therefore affirmed, and the exclusion plea was rejected.

Possession of assets disproportionate to known sources of income under the Prevention of Corruption Act is treated as a scheduled or predicate offence for money-laundering purposes. An independent allegation of bribery or undue benefit is not required where disproportionate assets involve their concealment, possession, acquisition or projection as untainted property. Provisional attachment may be confined to the assessed value of disproportionate assets after accounting for legitimate income and expenses. Attachment requires recorded reasons to believe, supported by the predicate offence and apprehension that the properties may be alienated. Jointly held disproportionate assets may support attachment of a spouse's property.

Accessibility of financial services for Divyangjans was examined through a workshop focused on public sector banks, insurance companies, regulators and public financial institutions. Discussions covered accessibility standards, compliance requirements, legal provisions, practical implementation challenges and institutional best practices under the Sugamya Bharat initiative. Participants considered operational measures to strengthen institutional capacity, inclusivity and equitable access to financial services.

Audit quality and financial reporting reliability were the focus of NFRA's outreach programme for small and medium audit firms. The programme promoted professional capacity-building, alignment with contemporary global standards, adoption of appropriate audit technology, and the public-interest role of the accountancy profession. Technical sessions covered audit strategy documentation, risks of material misstatement, and practical lessons from audit-firm oversight to support improved day-to-day audit practice and high-quality financial reporting.

Corrigendum to the Ministry of Labour and Employment notification dated 29 May 2026 substitutes the figure "0.35" with "0.18" at page 2, line 31 of that notification.

Cartelisation by the two agro-input dealer associations and named individuals contravened Section 3(3)(b) read with Section 3(1) of the Competition Act, 2002. Monetary sanctions were imposed, and association office-bearers were held liable under Section 48. The parties and liable officials were directed to cease and desist from future anti-competitive conduct and to organise competition-compliance training to promote awareness and compliance within the associations.

India-Finland circular economy cooperation is being developed through business, technology, investment and commercial partnerships supporting resource-efficient and sustainable growth. Discussions focused on competitive and resilient value chains based on circularity, traceability, resource efficiency and sustainable business practices. Circular economy principles extend beyond waste management into product design, value chains, resource use, skills development and new business models. The India-EU free trade agreement remains subject to legal review and formal ratification and is not yet in force.

Career Centres (Central) comprise the Central Employment Exchange and the National Career Service Portal for the Social Security (Central) Rules, 2026. Career Centres must collect and furnish information digitally. Employers must digitally report vacancies and changes to supplied particulars, while Regional Career Centres must digitally share collected information with the Career Centre (Central) through prescribed forms. Technical and scientific vacancies meeting the prescribed pay threshold must be reported digitally to the Career Centre (Central) in Form XXV.

Bid rigging in tyre procurement was established where Rekha Agencies and SS Marketing exchanged commercially sensitive price-bid information before submitting bids for the Himachal Pradesh Tender 2013. The concerted conduct contravened the prohibition on anti-competitive agreements and bid rigging. Monetary penalties and cease-and-desist directions were imposed on both enterprises. An official of Rekha Agencies was also penalised for liability arising from the contravention, while proceedings against the official of SS Marketing stood abated following his death.

Mortgage valuations furnished to meet development-project security requirements do not, by themselves, establish the actual sale price of commercial sites sold under registered sale deeds. The Revenue must produce cogent and credible evidence that purchasers paid consideration beyond the recorded amount before displacing the apparent consideration. A stated fair market value in a mortgage document, without proof of additional consideration passing to the seller, is insufficient to support an addition. Statutory value substitution under Section 50C does not apply on these facts, and additions based solely on mortgage valuation are unsustainable.

Scientific research approval is granted to the International Institute of Bio Technology and Toxicology, Tamil Nadu, as a Research Association for donor-related tax treatment. The approval applies for tax years 2026-2027 through 2030-2031, subject to compliance with prescribed conditions. The institution must submit an annual donation statement in Form No. 15 by the specified deadline and furnish each donor with a Form No. 16 certificate stating the donation amount.

Anti-dumping duty on imports of natural mica-based pearl industrial pigments, excluding cosmetic grade, originating in or exported from China PR continues under the existing duty framework. The validity period is extended by substituting the terminal date of 25 November 2026 with 25 February 2027. The amendment operates under section 9A of the Customs Tariff Act, 1975, read with the Anti-dumping Duty Rules, 1995.

Input tax credit clarification for auction-based supplies of tea, coffee, rubber and similar goods is corrected to include supplies received by the auctioneer from the principal before or after the auction. The requirement that such goods be supplied only through auction continues to apply.

Goods temporarily stored in a transporter's godown before delivery must be accompanied by a valid e-way bill. If a recipient taxpayer stores goods in that godown, it must be declared, with the transporter's concurrence, as the recipient taxpayer's additional place of business. Transport under the e-way bill concludes when goods reach that declared godown, without requiring extension of validity. Any later movement to another recipient premises requires a valid e-way bill. Transporters and recipient taxpayers must maintain their respective prescribed records.

Customs duty exemption for raw sugar imports applies to goods under tariff heading 1701 within a Tariff Rate Quota of 10 lakh MT, until 31 October 2026. Eligibility requires quota allotment by the Directorate General of Foreign Trade. Electronic authorisation must contain importer identification, Importer-Exporter Code, customs notification, tariff heading, quantity and validity period, and must be transmitted to the Indian Customs EDI System. Imports are permitted only upon electronic debit in that system.

Import tariffs on Canadian products are set to be imposed by the United States at a 50% rate after bilateral negotiations did not produce an agreement. The measures cover products including hockey sticks and tongue depressors and affect a limited share of Canada's annual exports to the United States. Canada has indicated possible retaliatory levies, intensifying the bilateral trade dispute.

Judicial review of an ongoing tender is limited to the legality of the decision-making process, including arbitrariness, irrationality, bias, mala fides and procedural impropriety; it does not permit reassessment of comparative technical merit. Technical disqualification challenges may therefore be premature before financial bids are opened or successful bidders are identified, particularly where uninterrupted public services require timely procurement. Procurement rules and tender conditions requiring reasons for technical disqualification oblige disclosure of unsuccessful bidders' reasons and their own detailed scores. They do not require immediate disclosure during the process where timing is unspecified, procurement may be disrupted, and other bidders' comparative marks remain commercially confidential.