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Notification No. S.O. 4934(E) Dated:- 3-9-2026 Special Economic Zone
Expansion of a sector-specific Special Economic Zone for electronic hardware, software, information technology and information technology enabled services incorporates additional land at Plot No. 1, Industrial Park, Kurubarapalli, Krishnagiri District, Tamil Nadu. The zone is enlarged by 1.14 hectares, resulting in a total notified area of 12.10 hectares. Inclusion follows the developer's proposal and the recommendation of the Board of Approval under the statutory SEZ framework.
Customs & Trade
Dated:- 9-9-2026
PTI
Elevated international crude prices, combined with unchanged retail petrol and diesel rates, have produced negative marketing margins for state-owned fuel retailers and under-recoveries on domestic LPG. India's reliance on imported crude increases exposure to a higher import bill, trade-balance pressure and currency weakness. Sustained crude-cost increases may feed into domestic inflation through fuel, transport and energy costs, while also raising input costs for oil-sensitive industries and constraining monetary easing if inflation broadens.
Circular No. HO/47/16/13(5)2026-MRD-POD1/ I/20735/2026 Dated:- 9-9-2026 Circular Dated:- 9-9-2026 Ci...
Client-level open-interest breaches in commodity derivatives attract daily monetary penalties based on excess position, closing price, duration and a two-percent rate, subject to different caps according to the extent of breach. Members must reduce excess positions by the next trading day, failing which exchanges may square off the excess without further notice. Repeated breaches can trigger one-day square-off mode and additional equivalent penalties, subject to an exception for breaches exclusively caused by clubbing of positions. Client-level position limits remain linked to annual deliverable supply and commodity classification.
FEMA / RBI
Dated:- 9-9-2026
PTI
Pye is a multi-lender digital lending platform that matches retail borrowers with regulated lending partners according to credit need, loan type and timeline. It centralises know-your-customer compliance, documentation and disclosures, avoiding repeated borrower processes across applications. Available offers are to be displayed neutrally, with pricing, terms and annual percentage rate disclosed before a borrower proceeds. Borrower data is shared only with lenders selected for an application, while the platform is intended to make credit access available through broader digital-service channels.
Sanction and investigation defects require proven prejudice before disproportionate-assets proceedings can be invalidated at the charge-framing stage.
Sanction granted in the Governor's name by the competent Law and Legislative Department is not invalid merely because an inter-departmental circular required consultation with the accused's parent department. Under Section 19(3), sanction defects warrant intervention only where they cause failure of justice. Investigation by an officer authorised under Section 17(c) remains valid absent demonstrated prejudice from any evidentiary irregularity. At the charge-framing stage, claimed lawful income of relatives and other receipts require evidentiary assessment at trial and cannot conclusively support discharge. These principles support continuation of disproportionate-assets proceedings despite challenges to sanction, investigation, and alleged income sources.
News and Press Release
Dated:- 9-9-2026
Fintech expands financial inclusion through digital payment and banking infrastructure, enabling customers to transact, save and borrow through accessible channels. It improves efficiency through faster account opening and payment settlement, lower transaction costs, AI-driven fraud detection and real-time supervision. Cash-flow-based lending, account aggregators and the Unified Lending Interface support collateral-light formal credit for micro, small and medium enterprises. Regulatory engagement supports self-regulation, digital public infrastructure and responsible innovation while safeguarding trust, safety, inclusion, fairness and efficiency.
Prosecution sanction defects require a proven failure of justice before they can invalidate proceedings or justify discharge.
Defects in prosecution sanction, including incompetence of the sanctioning authority, do not by themselves invalidate proceedings, warrant discharge, or justify a stay under the Prevention of Corruption Act, 1988. Section 19(3) treats such defects as material only where they have in fact caused a failure of justice, and its Explanation includes the sanctioning authority's competence within the scope of error. Section 19(4) further requires consideration of whether the objection could and should have been raised earlier. Comparable provisions in the Code of Criminal Procedure apply the same failure-of-justice standard to procedural errors and irregularities.
PMLA, Black Money & ED
Dated:- 9-9-2026
Virtual Digital Assets Service Providers operating in India, whether offshore or onshore, must register with FIU-IND as reporting entities when undertaking specified virtual-asset activities. Their obligations are activity-based and include registration, reporting, record-keeping and other requirements under the PMLA and rules made under it. Notices under the PMLA were issued to fifteen providers for non-compliance, accompanied by notices seeking takedown of their applications and URLs from public access.
Customs & Trade
Dated:- 9-9-2026
PTI
The Chief Minister Startup and NIPUN Mission promotes youth employment, skill development, entrepreneurship, innovation and technology-based industries through entrepreneurship centres, technology laboratories, industry excellence centres and a job engine aligned with industry requirements. The Export Promotion Policy strengthens export infrastructure, market access, trade facilitation and value-added agricultural and industrial exports. The maximum age limit for eligible government and allied personnel applying for other government services or higher posts has also been increased.
News and Press Release
Dated:- 9-9-2026
Directorate of Revenue Intelligence operations targeting illicit narcotic drug trafficking resulted in the seizure of around 740 kg of cannabis, high-grade hydroponic cannabis and charas, and the arrest of 13 persons under the NDPS Act, 1985. Road-based interceptions involved drugs concealed in trucks and cars, including loading areas, floor cavities and secret compartments. Rail and air-route interdictions addressed passenger-based trafficking, including charas concealed on train passengers and high-potency cannabis carried by passengers arriving on international flights.
Clerical errors in resolution-plan approval orders may be corrected through a corrigendum under the NCLT procedural rules.
Rule 154 of the National Company Law Tribunal Rules, 2016 permits correction at any time of clerical or arithmetical mistakes and errors arising from an accidental slip or omission. Errors in a resolution-plan approval order concerning plan particulars, the creditor-payment table, treatment of claims, and the resolution applicant's name were corrected where supported by the record. A corrigendum was issued and forms part of the resolution-plan approval order.
Corp. Laws / SEBI / IBC
Dated:- 9-9-2026
PTI
Yubi PoleStar is a SEBI-registered portfolio management service offering credit-focused strategies for income, liquidity, long-term wealth creation and bespoke multi-asset portfolios. Investment selection and monitoring use a six-gate credit architecture, weighted credit-risk assessment, investment committee oversight, independent valuation and segregated client custody. SEBI registration does not guarantee performance or returns. Investments involve market, credit and liquidity risks, including loss of principal, and are subject to the disclosure document, prescribed minimum investment requirement and applicable accredited-investor relaxations.
Rectification jurisdiction cannot review merits, while TNMM benchmarking requires independent annual financial analysis for transfer-pricing adjustments.
Rectification under section 254(2) is confined to patent mistakes apparent from the record and cannot be used to review a reasoned decision on facts or law; reconsideration of an amended provision and denial of weighted deduction must be pursued through appellate review. Fresh transfer-pricing benchmarking under TNMM must be undertaken independently for each assessment year using that year's financial data, even where TNMM is accepted as the most appropriate method. Accordingly, the remand for fresh arm's length price determination remains operative, but the clarification concerning comparative associated-enterprise and non-associated-enterprise segment margins was deleted to remove ambiguity.
Customs & Trade
Dated:- 9-9-2026
PTI
Advance licensing scheme sugar refiners are required to divert refined white sugar, produced from imported raw sugar ordinarily intended for export, to the domestic market to augment supplies. Domestic sugar-price management also includes duty-free sugar imports, tighter stockholding limits for bulk users and dealers, and restrictions on sugar exports. These measures operate against revised production estimates, projected domestic demand, available stocks, and concern over price increases by sugar mills.
Income Tax
Dated:- 9-9-2026
PTI
SuperPan introduces TitaniumSteel, a titanium-and-stainless-steel material engineered through a patent-pending NanoFusion process for uncoated, naturally non-stick cookware. Titanium is permanently fused with stainless steel, and microscopic surface texturing is designed to retain a thin oil film without a synthetic non-stick layer. The five-ply construction is described as supporting durability, high-heat cooking, metal-utensil use and food release without PTFE, PFAS or other synthetic coatings.
Corp. Laws / SEBI / IBC
Dated:- 9-9-2026
PTI
State-funded free travel for eligible passengers on specified public transport services does not ordinarily attract competition-law scrutiny merely because private operators lose passengers or revenue. Passenger preference arising from a fare concession, where the State bears the cost, does not by itself establish abuse of dominance, denial of market access, or unfair or discriminatory conditions. Differential commercial impact must be accompanied by independent exclusionary or unfair market conduct to constitute a competition-law contravention.
MOOWR registration under Section 65 of the Customs Act does not automatically exempt a Star Export House or Status Holder from executing the triple-duty bond. Regulation 4 requires an applicant to undertake execution of the prescribed bond, while Section 59 requires the owner or importer of warehoused goods to execute a triple-duty bond. The prescribed Annexure C bond fulfils both MOOWR and warehousing requirements, so separate bonds are generally unnecessary. GST LUT or bond requirements are distinct from the customs bond applicable to MOOWR.
Customs & Trade
Dated:- 9-9-2026
PTI
Energy security cooperation between Russia and China covers oil, gas, coal, nuclear power, renewable generation, battery storage, electricity grids, critical minerals, transport electrification and alternative logistics. Supply-chain resilience is linked to diversified fuel supplies, strategic oil reserves, mineral access and reduced dependence on vulnerable transport corridors. Alternative routes are presented as reducing delivery times and logistics costs, while bilateral settlements in national currencies support the wider economic relationship amid trade disruption, currency volatility and energy-market uncertainty.
Circular No. PUBLIC NOTICE NO. 82 /2020 Dated:- 14-7-2020 Trade Notice Dated:- 14-7-2020 Trade Notic...
Turant Suvidha Kendra provides a single-point Customs interface for faceless assessment support. It accepts import-related bonds and bank guarantees, conducts referred verifications, and performs required document defacement, debiting and validation. Importers must upload documents on e-Sanchit before presenting originals. TSK officers compare original documents with uploaded copies where physical verification is required, update the relevant status in ICES, and deface or debit original documents. Assessment and Customs Compliance Verification are conducted on the basis of e-Sanchit records.
Circular No. PUBLIC NOTICE NO. 16/2021 Dated:- 12-2-2021 Trade Notice Dated:- 12-2-2021 Trade Notice
Sea Cargo Manifest and Transhipment Regulations compliance requires registration by persons delivering arrival or departure manifests and electronic filing by authorised carriers. Stakeholders must submit prescribed sea manifests, entry and departure notifications, cargo summary notifications, allowed-for-shipment requests and customs inland manifests under the phased implementation framework. Full mandatory compliance applies from 1 April 2021. Applicable bond requirements include National Container Bonds for authorised sea carriers or sea agents and National Transhipment Bonds for authorised transhippers. Contravention of SCMTR provisions may attract penalty.