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

Intellectual Property Healthcare & Pharma+4
Recombinant Salmonella is a ‘discovery’ under Section 3(c)
The article discusses the recent decision of Delhi High Court in the which the court upheld the Controller’s decision to refuse a patent application for not being patentable subject matter as amounting to ‘discovery’ under Section 3(c) of the Indian Patents Act, 1970 and for failing to meet the requirements of sufficiency under Sections 10(4) and 10(5) of the Act.
Malathi Lakshmikumaran+124 Mar 2025
GST Consultancy Hospitality+1
Restaurant services at specified premises: Past continues to haunt
Applicable rate on restaurant services is based on the ‘declared tariff’ of the hotel. After the changes made by the 55th GST Council meeting, it is important that CBIC issues a clarification for the past period to resolve the ambiguity between ‘declared tariff’ and ‘value of supply’.
Shubham Vijay+119 Mar 2025
Direct Tax Engineering & Construction+1
The ‘Interest’ing conundrum – Navigating taxation of interest earned from idle project funds
To secure funds for certain ventures requiring a substantial upfront capital outlay, companies often resort to issuing shares or incurring debt. However, when these funds are not immediately deployed, companies invest these idle funds in interest-bearing securities. The article discusses the issue of taxability of the interest income generated from these securities.
Harshit Khurana+217 Mar 2025
Regulatory All Industries
Deregulation: Redefining regulatory boundaries – EoDB 2.0
The Economic Survey 2025 has given a direction for the next wave of reforms in relation to ease of doing business with quantitative parameters to access the effectives of current regulations. Further, the Union Budget 2025 has taken various steps in this direction. The article examines the need for and impact of deregulation in the light of the Economic Survey and Union Budget of 2025.
Asish Philip Abraham+212 Mar 2025
BIS Retail and E-commerce
A comprehensive analysis of the e-commerce guidelines by BIS
The article discusses the key aspects of e-commerce guidelines by BIS issued earlier this year and notes some strategic implications for Indian businesses. According to the authors, for India’s e-commerce ecosystem continues to grow, these Guidelines may influence future mandatory regulations, making early compliance a strategic advantage rather than a regulatory obligation.
Jhanvi Arora+110 Mar 2025
International Trade and WTO Consumer Electronics
India’s unwavering efforts to promote and protect the electronics manufacturing in India
This article discusses the Government’s initiatives towards the development of the electronic sector and the actions of the Indian Government to protect the Indian producers of electronic goods from unfairly priced imports. It also highlights some actions taken by the developed countries like EU and USA to protect their domestic producers in this sector.
Pareesha Gupta07 Mar 2025
Securities Law All Industries
Treatment of unsubscribed portion of rights issue – Analysing the grey areas and amendments to Master Direction: Foreign investment in India
The rights issue is one of the methods to raise share capital by a company. The article analysis the concept of renunciation and disposal of unsubscribed shares with a special focus on non-residents in the light of the recent amendment in the FDI Master Direction on Foreign Investment in India.
Noorul Hassan+206 Mar 2025
Economic Offences All Industries
Analysis of retrospective applicability of Black Money Act qua persons who were residents but not ordinarily residents and non-residents in FY 2015-16
The persons who were non-residents in FY 2015-16 cannot be said to be at fault and made subject to the draconian deeming fiction provided in Section 72(c) of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. The said legal position will also apply in the case of residents but not ordinarily residents in FY 2015-16.
S. Sriram+105 Mar 2025
Commercial Litigation All Industries
An attempt to statutorily mediate the operational creditor dues
The Insolvency and Bankruptcy Board of India has recently come up with a proposal for the parties involved in an operational creditor application to explore mediation under the provisions of the Mediation Act, 2023. The authors note that the proposal will reduce the burden on the Adjudicating Authority, since the non-settlement report would capture any admission or dispute of debts as claimed by the operational creditor.
Raghavan Ramabadran+205 Mar 2025
GST Consultancy All Industries
ISD implementation challenges – Whether amended ISD provisions have settled the open issues or opened new pandora box?
With a month around a corner to implement ISD, it is imperative for the companies to understand the basics of ISD, evaluate the applicability of ISD for common input services, supplies attracting reverse charge, distribution in relation to SEZ and implement the mechanism for smooth transition. This article focuses on some practical aspects related to ISD implementation.
Asish Philip Abraham+105 Mar 2025
Direct Tax All Industries
Union Budget 2025: Transfer Pricing Reforms - More Loopholes than Solutions?
The article discuss the amendment, the potential issues needing clarification and also the global practices being followed for transfer pricing compliance and assessments.
Harshit Khurana+203 Mar 2025
Securities Law All Industries
Industry Standards Note on Regulation 30 of SEBI LODR: Clarification of Disclosure Norms
The article discusses the Industry Standards Note on Regulation 30 of SEBI LODR, which clarifies the certain ambiguous disclosure requirements under SEBI LODR and seeks to cure the operational challenges and avoid information asymmetry and this will impact on the quarterly reporting requirements and time to time disclosures to be made by listed companies. This Note effectually makes the disclosure requirements ‘qualitative’ rather than ‘quantitative’ under Regulation SEBI LODR.
Asish Philip Abraham+103 Mar 2025

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