The controversy surrounding the levy of customs duty on electrical energy supplied from Special Economic Zones (‘SEZ’) to the Domestic Tariff Area (‘DTA’) has resulted in more than a decade of litigation. While many assessees have been facing the issue, the case of Adani Power was dealt with primarily before the Courts. The aftermath of the legal battle led to significant reassertion of constitutional principles in taxation disputes.

This article touches upon few proposals in the Union Budget 2026-27 which aims to take the country towards the above objectives.

The Department for Promotion of Industry and Internal Trade (DPIIT), on 4 February 2026, issued Notification G.S.R. 108(E). The Notification G.S.R. 108(E) redefines the criteria and recognition process for Startups and Deep Tech Startups in India. Said notification not only supersedes the earlier Gazette Notification G.S.R. 127(E) dated 19th February 2019 but also marks a significant policy evolution in India’s innovation ecosystem.

The article discusses the key fiscal amendments in the leather and textile segment under the Budget and examines whether the harmonization of fiscal statutes and FTAs entered by India, create a streamlined pathway for export, or a labyrinth of compliance risks.

The article discusses the evolving paradigms of judicial interpretation on initiation or continuation of proceedings under PMLA if the predicate offence does not survive.