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

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Intellectual Property All Industries
Defending the home turf: Madras HC reaffirms local goodwill over global stature
The article discusses the recent decision of the Hon’ble Madras High Court in a trademark dispute between an international retail giant and an Indian domestic entity. Ltd. The judgment serves as an important touchstone for the ‘territoriality principle’ in intellectual property law, balancing the rights of global brands against established local businesses.
Divya Vishvapriya25 Feb 2026
Customs All Industries
Realisation of export proceeds through a mode other than Irrevocable Letter of Credit – Chhattisgarh HC clarifies on export duty exemption
The article discusses the recent decision of Chhattisgarh HC which holds that export duty exemption is available to the rice exporters irrespective of the mode of realisation of export proceeds. The case highlights the true scope and meaning of the requirement relating to ‘irrevocable Letter of Credit’.
Ratan Jain+120 Feb 2026
Direct Tax All Industries
Decoding Home-Office PE: OECD’s 2025 Framework and India’s Reservations
The article discusses what has been laid down by the Organization of Economic Cooperation and Development (‘OECD’) and India’s position and the distinction between the two in determination of a PE in context of remote working arrangements.
Venkat Ramanan+119 Feb 2026
Customs Aviation
Hangar to horizon: The aviation push in Budget 2026
The Union Budget 2026 marks a decisive policy shift for the aviation and aerospace sector by placing manufacturing, MRO (maintenance, repair and overhaul), and supply-chain localization at the centre of growth strategy. The most impactful element of this shift is the extension of the customs duty exemptions on aircraft parts, components, and raw materials – aimed at strengthening India’s position as a global aviation manufacturing hub.
Kruti Parashar+218 Feb 2026
Mergers & Acquisitions All Industries
India’s revised startup framework: Key reforms
India has revised its startup regulatory framework with the aim of supporting innovation and strengthening the startup ecosystem. On 4 February 2026, the Ministry of Commerce and Industry, through the Department for Promotion of Industry and Internal Trade (‘DPIIT’), issued Gazette Notification G.S.R. 108(E) (‘New Framework’). This New Framework supersedes the earlier framework issued under G.S.R. 127(E), dated 19 February 2019.
Akshat Mishra17 Feb 2026
Mergers & Acquisitions All Industries
Variable Capital Company: An overview
The Variable Capital Company (‘VCC’) model was first conceptualised in Singapore through the Variable Capital Companies Act, 2018. VCC model is a unique corporate structure tailored to support investment funds. VCCs provide a corporate structure which achieves flexibility by treating the issuance of new shares (subscription) and the cancellation of existing shares (redemption) as simple administrative actions without requiring regulatory filings and shareholder approvals, offering a progressive approach for pooling investment funds.
Aditya Kumar17 Feb 2026
Customs All Industries
Scope of Section 28KA: A case for restoring appellate substance to Customs Advance Rulings
The Advance Ruling framework provided under Chapter VB of the Customs Act, 1962 (‘Customs Act’), serves as an instrument of trade facilitation. As per the framework, an applicant can seek a ruling from Customs Authority for Advance Rulings (‘Authority’) on issues such as classification, valuation, rules of origin, etc, which will be binding on the applicant and the customs department (in respect of such applicant).
Santhana Gopalan+212 Feb 2026
Customs All Industries
Navigating India’s Strategic Response to the Global Trade Disruption: A Shift Towards Self-Reliance
This article touches upon few proposals in the Union Budget 2026-27 which aims to take the country towards the above objectives.
Santhana Gopalan+112 Feb 2026
Customs Energy
Customs Duty on clearance of Electricity from SEZ to DTA: Resolution of the Parity Battle by Supreme Court in Adani Power and the role of Union Budget 2026-27
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.
Ratan Jain+112 Feb 2026
Intellectual Property IT & ITES
India’s new startup and deep tech startup framework: Why the 2026 DPIIT notification matters
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.
Raghav Sarda+111 Feb 2026
Customs Textile
Leather and Textile Sector: Navigating the Statutory Convergence of Budget 2026–27 and India’s New FTA Regime
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.
Disha Bhandari+209 Feb 2026
Customs All Industries
Budget 2026: AEO privileges rise, obligations deepen, and risks trail behind
Budget 2026 has laid the foundation to shift from an enforcement heavy regime to trust based assessments for imports and export to and from India. One of the biggest beneficiaries of these changes are those operating in the Authorized Economic Operation (‘AEO’) ecosystem.
Nupur Maheshwari+105 Feb 2026

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