COMPLIANCE AND REGULATORY
SAT Mumbai: Termination of SPA in Financial Notes is 'No Disclosure' Under SEBI Regulations
The Securities Appellate Tribunal (SAT) held that termination of a Share Purchase Agreement, when camouflaged in the notes appended to financial results and not disclosed in the main minutes of the board meeting, amounts to no disclosure at all under the SEBI (LODR) Regulations, 2015.Tanzania Bottling Company (TBC) has successfully challenged SEBI's dismissal of its complaint against Varun Beverages Limited (VBL), alleging that a 'camouflaged' disclosure regarding a terminated deal led to a...
CBIC Revises Tariff Values For Gold, Silver, Edible Oils And Brass Scrap
The Central Board of Indirect Taxes and Customs (CBIC) has updated tariff values for edible oils, brass scrap, gold, silver and areca nuts. By a notification issued on 15 January 2026, the CBIC notified revised tariff values effective from 16 January 2026, fixing the tariff value of gold at USD 1,483 per 10 grams and silver at USD 2,950 per kilogram. The CBIC has also notified that there is no change in the tariff value of areca nuts falling under tariff item 080280. Further, revised tariff...
New Tariff Values Set For Imported Gold And Silver
The Central Board of Indirect Taxes and Customs (CBIC) issued a notification on 13 January 2026, updating the tariff values for several imported commodities. These changes, which were made under the powers of the Customs Act, 1962, officially came into effect on 14 January 2026.According to the sources, the tariff value for gold has been set at US $1485 per 10 grams. Silver is now valued at US $2724 per kilogram.The notification also clarifies that for many other essential imports, there has...
SEBI Limits Technical Glitch Reporting Norms To Stockbrokers With Over 10,000 Clients
SEBI has revised its technical glitch reporting framework, limiting its applicability to larger stockbrokers and easing compliance for smaller firms. In a circular issued on January 9, 2026, the Securities and Exchange Board of India said the rules apply when failures in electronic trading systems, such as login problems, order placement issues, or app outages, last for five minutes or more during market hours and disrupt trading. The revised framework will apply only to stockbrokers with...
CBIC Extends Anti-Dumping Duty On Normal Butanol Imports Till July 12, 2026
The Central Board of Indirect Taxes and Customs (CBIC) on Thursday extended the Anti-Dumping Duty (ADD) on imports of normal butanol, or N-butyl alcohol, up to 12th July 2026. Normal Butanol is a widely used industrial alcohol and chemical intermediate.The anti-dumping duty was originally imposed on imports of Normal Butanol or N-Butyl Alcohol originating in or exported from the European Union, Malaysia, Singapore, South Africa, and the United States of America by way of a dated April 12,...
Hotels Can Now File Specified Premises Opt-In Online On GST Portal: GSTN
The Goods and Services Tax Network has enabled online filing of opt-in declarations for hotel accommodation service providers to declare their properties as “specified premises” on the GST Portal. This shifts the process from manual filing before jurisdictional officers to an electronic system on the portal. The facility follows Notification No. 05/2025 Central Tax (Rate) and is available from January 1, 2026. “Specified premises” is a classification used to determine the GST treatment of...
CBIC Extends Anti-Dumping Duty On Flexible Slabstock Polyol Imports From Saudi Arabia And UAE
The Central Board of Indirect Taxes and Customs (CBIC) has extended the levy of anti-dumping duty on imports of Flexible Slabstock Polyol originating in or exported from Saudi Arabia and the United Arab Emirates up to June 17, 2026, pending completion of sunset review proceedings.The subject goods, namely “Flexible Slabstock Polyol of molecular weight 3000–4000,” fall under tariff sub-heading 3907 29 of the First Schedule to the Customs Tariff Act, 1975.A flexible slabstock polyol is a key...
HSNS Cess | CBIC's Flyer On Health Se National Security Cess, Monthly Cess Payable By Feb 07, Return Due By March 20
The Central Board of Indirect Taxes and Customs (CBIC) has issued informative flyers relating to 'Capacity Based Excise Duty' and Health Se National Security Cess (HSNS) payable by manufacturers of Pan Masala, Tobacco from February 01 2026. With the introduction of the Health & National Security Cess and Additional Excise Duties on Pan Masala, Tobacco and Other Allied Products, the GST Compensation Cess will cease to exist. HSNS is levied for the purposes of meeting expenditure on...
Customs Officers Must Wear Body Cameras During Baggage Clearance, Passenger Interactions: CBIC
Central Board of Indirect Taxes & Customs (CBIC) has mandated Body Worn Cameras for Customs officers posted at International Airports, engaging closely with passengers at baggage clearance counters. To align with global practices, Customs had started to adopt the digital technologies for audio and video recording, to enhance transparency, accountability and professionalism concerning passenger facilitation and intervention. For speeding up passenger flow while maintaining security,...
Taxpayers To Be Barred From Filing GSTR-3B Return For Excess GST ITC Claims: GSTN Issues Advisory
The Goods and Services Tax Network (GSTN) has announced that taxpayers will soon be barred from filing Goods and Services Tax (GST) Return GSTR-3B if they attempt to claim or reclaim input tax credit (ITC) in excess of the balance available in the relevant electronic ledgers. In the advisory issued on December 29, 2025, GSTN stated that negative balances and excess ITC availment will no longer be permitted in the Electronic Credit Reversal and Re-claimed Statement (ITC Reclaim Ledger)...
Centre Extends Anti-Dumping Duty On PET Resin Imports From China Till June 2026
The Ministry of Finance, Department of Revenue has extended imposition of Anti-Dumping Duty on imports of “imports of “Polyethylene Terephthalate” (PET) resin having an intrinsic viscosity of 0.72 decilitres per gram or higher” from China PR till June 26, 2026. The Anti-Dumping Duty Notification applies to PET resin having an intrinsic viscosity of 0.72 decilitres per gram or higher” falling under tariff items 3907 61 90 and 3907 69 90 of the First Schedule to the Customs Tariff Act. ...