The article discusses recent CBIC Instruction No. 17/2026-Cus., which permits Customs adjudication under Section 28AAA in certain circumstances without prior DGFT invalidation of licences or scrips.
The article examines the Rajasthan High Court’s recent decision on interest demands for unused goods imported under MOOWR and cleared ‘as such’. It explains that Section 61(2) of the Customs Act, 1962 applies only to goods under Section 61(1)(c), not qualifying manufacturing goods under clauses (a) and (b).
In the months of July, August and October, SEBI passed a few settlement orders with respect to alleged violations of SEBI regulations relating to the obligation of the Manager or the Sponsor of the AIF. The article reviews one of such settlement orders passed by SEBI and discusses the various obstacles faced by AIFs and their Managers and Sponsors in complying with SEBI’s regulations for a minimum commitment by the Sponsor or the Manager of an AIF.
The article discusses the IFSCA circular which was issued on 27 October 2026 to impose certification requirements to strengthen cyber security framework. These guidelines require boards and senior management to have adequate cyber risk knowledge and mandated regular employee training.
The article discusses the Special Economic Zones (Fourth Amendment) Rules, 2026 which has been notified by Ministry of Commerce and Industry to ease regulatory burden of funds. The changes made by the Amendment Rules are relevant for funds and Fund Management Entities (‘FME’) established in an International Financial Services Centre (‘IFSC’).
The article discusses recent CBIC Instruction No. 17/2026-Cus., which permits Customs adjudication under Section 28AAA in certain circumstances without prior DGFT invalidation of licences or scrips.
The article examines the Rajasthan High Court’s recent decision on interest demands for unused goods imported under MOOWR and cleared ‘as such’. It explains that Section 61(2) of the Customs Act, 1962 applies only to goods under Section 61(1)(c), not qualifying manufacturing goods under clauses (a) and (b).
In the months of July, August and October, SEBI passed a few settlement orders with respect to alleged violations of SEBI regulations relating to the obligation of the Manager or the Sponsor of the AIF. The article reviews one of such settlement orders passed by SEBI and discusses the various obstacles faced by AIFs and their Managers and Sponsors in complying with SEBI’s regulations for a minimum commitment by the Sponsor or the Manager of an AIF.
The article discusses the IFSCA circular which was issued on 27 October 2026 to impose certification requirements to strengthen cyber security framework. These guidelines require boards and senior management to have adequate cyber risk knowledge and mandated regular employee training.
The article discusses the Special Economic Zones (Fourth Amendment) Rules, 2026 which has been notified by Ministry of Commerce and Industry to ease regulatory burden of funds. The changes made by the Amendment Rules are relevant for funds and Fund Management Entities (‘FME’) established in an International Financial Services Centre (‘IFSC’).
Can the act of preserving history generate proprietary rights over it? The article discusses recent decision of Division Bench of the Madras High Court which revisits the question in the context of film preservation and archival stewardship. The decision serves as a reminder that while preservation may safeguard a work for future generations, it does not, in itself, transfer the intellectual property rights embedded within it.
The article discusses the Securities and Exchange Board of India (Portfolio Managers) Regulations, 2026 (‘PMS Regs 2026’), which were approved by the Securities and Exchange Board of India (SEBI) at its 215th Board meeting. The new regulations replace the Securities and Exchange Board of India (Portfolio Managers) Regulations, 2020 (‘PMS Regs 2020’’), that are currently in force.
The article analyses the long-standing debate in Indian tax law: what happens when the Central Board of Direct Taxes (‘CBDT’) adopts one interpretation of a provision, but the courts adopt another. It discusses the recent Supreme Court decision in the case of Samtex Fashions Ltd., relating to availability of a deduction under Section 80HHC of the Income Tax Act, 1961 in respect of export quota premium. According to the authors, the CBDT Office Memorandum dated 23 February 1998 deserved a purposive and liberal construction and thus instead of being treated as an impermissible attempt to override the statute, it could legitimately have been regarded as an interpretative aid reflecting the broader legislative objective of extending Section 80HHC relief to export-linked incentives.
The article discusses the SEBI amendment in (Alternative Investment Funds) Regulations, 2012 to extend the protection currently available only to investors of alternative investment funds (‘AIF’) set up as a trust, to investors of all forms of AIFs.
The International Financial Services Centres Authority (Fund Management) Regulations, 2025 were recently amended by inserting Regulation 23(5) and Regulation 35(6) to enable Venture Capital Schemes and Restricted Schemes to grant differential distribution rights to investors. The article discusses a recent Circular dated 25 September 2026 issued by the IFSCA, setting out a framework for the grant of differential distribution rights to investors and issuance of senior and junior or subordinate units.
The article discusses geopolitical hedging and its impact, where the phrase refers to an approach wherein countries and companies diversify their risk exposure and reduce their dependence on one geographical area, supply chain, market, or technology ecosystem.
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