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

Economic Offences All Industries
Linking Predicate Offence and PMLA Proceedings: The Epicentral Role of Vijay Madanlal Judgement
The article discusses the evolving paradigms of judicial interpretation on initiation or continuation of proceedings under PMLA if the predicate offence does not survive.
Mahendra Singh+205 Feb 2026
GST Consultancy All Industries+1
Legislative Amendments on Discount Schemes and Credit Notes– Time to Revisit the Promotional Schemes?
Discounts serve as a powerful strategic tool to stimulate sales, attract new customers and strengthen a brand’s competitive edge in price-sensitive market. Due to this reason, discount schemes have enjoyed favourable tax treatment right from the pre-GST regime.
Shivam Mehta+103 Feb 2026
Customs All Industries
Impetus to the Advance Rulings under Budget 2026-27
India’s move to incorporate a Customs Authority for Advance Rulings (‘Authority’) aligns with the World’s Customs Organization’s core trade facilitation framework which emphasizes on transparency, and certainty for traders. Article 3 of the World Trade Organization (‘WTO’) Trade Facilitation Agreement requires Members to issue binding advance rulings and publish their period of validity, reinforcing transparency and predictability for traders.
Dhruv Matta+102 Feb 2026
Customs All Industries
Closing Customs disputes sans ‘stigma’: Understanding amendment to Customs section 28(6)
The Union Budget 2026 signals a continued shift towards trust-based regulation and faster dispute closure across indirect tax administration. Amongst the reforms proposed in the Finance Bill, 2026 (‘Finance Bill’), proposal for amendment to Section 28(6) of the Customs Act, 1962 (‘Customs Act’) is a notable change.
Jyoti Pal+202 Feb 2026
International Trade and WTO All Industries
India-EU Free Trade Agreement: An overview
The article provides an overview of the most significant free trade agreements concluded by India in this decade - the India–EU Free Trade Agreement.
Anjali Hirawat+230 Jan 2026
General Corporate Healthcare & Pharma+1
The Anatomy of Hospital M&A Deals in India
The article discusses the recurring issues encountered in M&A transactions where consolidation and private capital participation accelerate across tertiary care, specialty hospitals and regional networks. Investors and acquirers increasingly encounter diligent risks unique to this hospital sector.
Gaurav Dayal+128 Jan 2026
International Trade and WTO All Industries
India-EU FTA: Nearing the finish line
The long-awaited Free Trade Agreement (‘FTA’) between India and the European Union (“EU”) is on the cusp of fruition, with the countries expected to announce the conclusion of the trade deal today, i.e. on 27 January 2026.
Anjali Hirawat+227 Jan 2026
General Corporate All Industries
RBI releases FEMA 2026 Export-Import Trade Regulations: What businesses need to know
The article discusses the key insights of current trade framework and highlights the substantive reforms introduced under the new FEMA 2026 Export-Import Trade Regulations Update.
Asish Philip Abraham+223 Jan 2026
Direct Tax All Industries
Bombay High Court resolves the DDT-DTAA controversy: Treaty rate held applicable notwithstanding domestic levy mechanism
The article discusses the recent judgement of Bombay High Court which reaffirms the primacy of treaty interpretation based on the nature of income, rather than the mechanism or incidence of collection under municipal law, and has far-reaching implications for pending disputes under the erstwhile DDT regime.
Siddhesh Khandalkar+222 Jan 2026
Direct Tax All Industries
Indian court reinforces physical presence as cornerstone of service PE
The ruling excludes vacation and business development days from service PE calculations and confirms virtual services from abroad don’t count, potentially reshaping compliance for multinationals
Harshit Khurana+214 Jan 2026
General Corporate All Industries+1
Principles of Rectification of Register of Members
On 23 December 2025, the NCLAT delivered a Judgement on the issue involving Section 59 of the Companies Act, 2013 (‘Act’) upholding the Order passed by the NCLT, Hyderabad.
Noorul Hassan13 Jan 2026
GST & Indirect Tax Litigation All Industries+1
The jurisdictional tussle between GST and Customs authorities
The article discusses the question as to whether Customs or GST Department has jurisdiction and to what extent, if IGST is declared to be a levy under the CTA or the IGST Act, respectively.
R. Sahana+205 Jan 2026

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