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

BIS Metals
Aluminium and aluminium alloy products QCO – Emergence and implications
The QCO represents a significant regulatory intervention aimed at aligning domestic manufacturing with global quality benchmarks while protecting consumers and strengthening industrial competitiveness.
Anjali Hirawat +101 Apr 2026
GST Consultancy All Industries
Turnover or import? The legal characterisation of SEZ-DTA supplies under GST
The article examines the statutory framework governing adjusted total turnover, the characterization of SEZ-DTA supplies under GST and SEZ law, and the tension between legal theory and practical implementation.
Sudeshna Banerjee+231 Mar 2026
Commercial Litigation All Industries
Force Majeure: Boiler Plate Clause or Panacea for Polycrisis
Force Majeure has gained its spot back on the front-page news once again within the same decade due to the ongoing war in West Asia. Last invoked at this scale during the pandemic, Force Majeure is no longer a boiler plate clause, many times overlooked at the time of signing of any contract.
Charanya Lakshmikumaran+226 Mar 2026
Direct Tax All Industries
Updated returns in Union Budget 2026: Slightly distant from the home stretch?
In this article, the authors have discussed the concept of updated returns, the changes proposed by Union Budget 2026, its impact and the hits and misses of the amendment.
Devashish Jain+124 Mar 2026
Intellectual Property All Industries
Why priority date matters: Madras High Court emphasises importance of reasoned orders
This article analyses the decision and its implications for patent prosecution and opposition practice.
Prosenjit Chattopadhyay+123 Mar 2026
Mergers & Acquisitions All Industries
Change in offshore borrowing laws: Understanding India’s new External Commercial Borrowing Framework
On 16 February 2026 the Reserve Bank of India notified Foreign Exchange Management (Borrowing and Lending) (First Amendment) Regulations, 2026 which amends the provisions of the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 (‘New Framework’), revamping the regulatory framework for external commercial borrowings (‘ECB’) in India.
Akshat Mishra20 Mar 2026
Mergers & Acquisitions All Industries
PN-3 2.0: Key takeaways from India’s updated FDI policy for land border investors
The revised framework seeks to address long standing ambiguities arising under Press Note 3 of 2020 (‘PN-3’), while simultaneously advancing the objectives of ease of doing business and facilitating increased foreign capital inflows into select manufacturing led sectors.
Aditya Kumar20 Mar 2026
BIS All Industries
Transition relief, MSME expansion, and sectoral amendments: Decoding DPIIT’s latest orders
The article discusses the DPIIT recent order introducing the transitional exemptions for certain goods, plus, MSME expansion for certain goods, and sectoral amendments in several QCOs
Ankur Sharma+211 Mar 2026
International Trade and WTO All Industries
Public or user interest in trade defence measures: Insights from the EU’s nuanced approach in balancing competing interests
This article analyzes how the EU applied the Union interest test in the fused alumina case and compares this approach with current practice in Indian trade remedy investigations.
Gopakrushna Das+110 Mar 2026
Customs All Industries
Verification First, SCN Later: Re centring FTA origin checks
This article surveys the treaty text, the domestic legal framework, and the emerging case law, and argues for rigorous adherence to the verification first sequence.
Disha Bhandari+109 Mar 2026
Commercial Litigation All Industries
Contracts: A commercial and judicial framework
As an expression of commercial intent, Contracts are far from routine formality and serve as legal instruments that define expectations and allocate risk. In India, the execution and enforcement of contracts is governed by the Contract Act, 1872.
Krithika Jaganathan+203 Mar 2026
GST Consultancy All Industries+1
Availing GST credit using TR-6 Challan: Navigating the uncertainty
The article delves deep into the question of availability of input tax credit when IGST is paid on imports using TR-6 Challan, i.e., due to various circumstances much after the import.
Asish Philip Abraham+327 Feb 2026

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