Articles

Customs, DGFT and Section 28AAA: A clarification that creates confusion

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.

Rohan Muralidharan+104 Nov 2026

Customs All Industries

Judicial clarity on interest deferment under MOOWR: A review of Rajasthan HC decision in Commissioner v. Acme Aklera Power Technology

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).

Ratan Jain+104 Nov 2026

Securities Law All Industries

Manager’s/Sponsor’s obligation to maintain minimum continuing interest – Obstacles to compliance with SEBI’s requirements

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.

Vinod Joseph+330 Oct 2026

General Corporate All Industries

IFSCA imposes certification requirements to enhance cyber security

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.

Vinod Joseph+230 Oct 2026

General Corporate Financial Services

SEZ Rules amended to ease regulatory burden for funds in GIFT-IFSC

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’).

Vinod Joseph+127 Oct 2026

Search Articles

Customs Mining+1
India’s critical minerals strategy: Wider exemption from customs duty needed to fulfil the Government’s mission
The Hon’ble Finance Minister, in her Union Budget 2024-25 speech on 23 July 2024, reaffirmed the Government’s commitment to the Atmanirbhar Bharat Abhiyaan by proposing key policy measures to promote self-reliance in the critical minerals sector. The article discusses the strategic importance of minerals such as lithium, cobalt, copper, and rare earth elements in various sectors.
Srinidhi Ganeshan+128 Jul 2025
GST Consultancy All Industries
The ‘Value Addition’ conundrum in GST budgetary support refunds
The article discusses the recent decision of the Jammu & Kashmir & Ladakh High Court in the case of J&K Cement Corporation v. Union of India that has led to opening of a pandora’s box regarding the value addition to be adopted for computation of the refund amount under the BSS.
Priyanka Kalwani+228 Jul 2025
Intellectual Property All Industries+4
Decoding the ‘Algorithm’ exclusion: A closer look at draft CRI Guidelines 2025
The article focuses on how the new draft Guidelines propose to determine whether or not a claimed invention is excluded as an ‘algorithm’ under Section 3(k) of the Patents Act.
Jaya Pandeya+124 Jul 2025
Direct Tax FMCG
Modern agriculture rooted in traditional Income-tax law
While agricultural operations have been modernised, the law for claiming income-tax exemption for agricultural operations has remained constant. The article focuses on various aspects of the textbook provisions, their implications on the modern agriculture and the take of Indian judiciary on the same.
Harshit Khurana+222 Jul 2025
Intellectual Property IT & ITES+4
AI in trial: Legal challenges of generative technologies
This article provides a summary of some of the most significant court rulings and current legal disputes across major jurisdictions involving both textual and visual works, where Courts have dealt with the effects of AI-generated content in the context of copyright protection and infringement.
Vindhya S. Mani+121 Jul 2025
BIS Consumer Electronics
Machines, Markets, Mandates: Understanding India’s regulations on machinery and electrical equipment
The article discusses at length the Machinery and Electrical Equipment Safety (Omnibus Technical Regulation) Order, 2024, implementation of which was recently extended by one year to 1 September 2026. Identifying the key concerns, the authors also highlight what companies should do.
Ankur Sharma+217 Jul 2025
GST Consultancy All Industries
Business closure and unutilized ITC – Is it a rightful refund?
The article discusses the impact of recent Sikkim High Court decision on grant of refund of unutilised ITC in case of closure of business. It emphasizes the impact of this ruling on business decisions of scaling down the business operations along with the soundness of the decision.
Shivam Mehta+204 Jul 2025
International Trade and WTO Metals+1
EU simplifies CBAM but does not address the underlying issues
The European Council and the European Parliament recently reached a provisional agreement on the Omnibus-I legislative package, which seeks to simplify the EU's Carbon Border Adjustment Mechanism (‘CBAM’). The article notes that despite these internal simplifications, significant challenges persist for Indian exporters and other third-country suppliers navigating the EU’s evolving carbon regulation landscape.
Ankur Sharma+104 Jul 2025
Customs Healthcare & Pharma+2
Cosmetic or Medicine: Determination of classification of personal care products under the Customs Tariff
Personal care products such as face wash to treat acne, cream to reduce skin blemishes, shampoo to treat dandruff: these all will be medicines or will be cosmetic/toilet preparations under Customs Law. This article is demonstrating this challenge by examining a few relevant case laws dealt with by the Supreme Court of India on this issue.
Srinidhi Ganeshan+103 Jul 2025
Securities Law All Industries
SEBI’s Consultation Paper and the winds of AI Governance
The article discusses the SEBI Consultation Paper which outlines the current use of AI/ML models are by exchanges, brokers and mutual funds for a wide variety of internal, customer support, security, pattern recognitions, KYC, order executions and related purposes.
Sameer Avasarala+102 Jul 2025
Intellectual Property All Industries+4
Balancing innovation and ethics: Calcutta High Court’s guidance on Section 3(b)
This article examines two recent judgments of the Hon’ble Calcutta High Court in appeals filed by ITC Limited under Section 117A, challenging the rejection of patent applications on grounds of non-patentability under Section 3(b).
Malathi Lakshmikumaran+127 Jun 2025
Customs All Industries
Classification of goods – Recent WCO Rulings
The article summarises the 75th Session of the World Customs Organisation’s (‘WCO’) Harmonized System Committee which was held in March 2025. The Rulings, opinions, changes suggested therein have been recently released by the WCO.
Srinidhi Ganeshan+125 Jun 2025

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