Search: ports
29stories
August 2026
-
CustomsStrait of Hormuz closure: bulk cargo bound for foreign ports may be stored and transhipped at Indian ports till 31 October 2026
Till 31 October 2026ReliefCircular 36/2026-Customs continues the facilitation for international transhipment through Indian ports and lets Commissioners permit, case by case, temporary unloading and storage of liquid, break and dry bulk cargo diverted to India.
-
CustomsDRI uncovers misuse of SAFTA in areca nut imports; duty loss put above ₹2,500 crore
₹2,500 croreSouth-East Asian areca nuts were declared as Bangladesh origin to claim full duty exemption under SAFTA. Nine persons are arrested and a Customs Broker’s licence is suspended.
-
Foreign TradeDGFT advisory asks exporters, banks and ECGC to exercise heightened vigilance with two Thimphu-based firms: Trade Notice 19/2026-27 under para 8.07(d) of FTP 2023
Advisory: 2 Bhutanese firmsClarifiedDGFT has issued a precautionary advisory under para 8.07(d) of the Foreign Trade Policy 2023 against two Bhutanese entities — M/s Legoy Powersports and M/s Druk A-Z Store, both of Thimphu — after a complaint could not be resolved for want of response. EPCs, Regional Authorities, ECGC and AD banks are advised to exercise enhanced caution and due diligence.
-
FSSAIFSSAI asks importers and customs brokers to declare the “NFG” qualifier in ICEGATE for non-food-grade items, so the Bill of Entry is not routed to FSSAI
Declare “NFG” in ICEGATEClarifiedFSSAI says a large number of Bills of Entry for non-food-grade items — especially goods with both food and non-food use under the same HSN code — are being routed to it for clearance. By a public notice dated 10 August 2026, it advises importers and customs brokers to declare the qualifier “NFG” while filing Bills of Entry under Single Window, so that the SWIFT system routes the entry correctly.
-
CustomsParcels from abroad: CBIC sets one procedure for all Foreign Post Offices; no reply to a document call in 30 days means assessment on record
30 days to replyRule changeCircular 35/2026-Customs prescribes a uniform SOP for personal postal imports processed through the FPO Import Application, which is live at eight locations and linked to the Risk Management System.
-
Foreign TradeHalal certification under i-CAS for meat exports to Egypt: transition period extended from six to nine months — DGFT Notification 28/2026-27
6 months → 9 monthsExtendedDGFT has amended Notification No. 59/2025-26 dated 9 February 2026 for exports of specified meat and meat products to Egypt. The mandatory India Conformity Assessment Scheme (i-CAS)-Halal will now take effect after nine months from that notification instead of six, to allow Egyptian halal certification bodies to complete onboarding and accreditation.
-
Foreign TradeE-commerce exports get an inventory model: DGFT notifies the Exporter-on-Record framework; sellers to be paid within 7 days
Paid within 7 daysNew facilityNotification 27/2026-27 adds an Inventory-based Cross-border E-Commerce Facilitation Framework to the Foreign Trade Policy 2023. A registered Exporter-on-Record buys Indian-origin goods from sellers against confirmed export orders, holds them only for export, and passes on the export benefits.
-
FEMA & RBIIFSCA modifies AML, CFT and KYC Guidelines: all FIU reports only on FINgate 2.0, cross-border wire transfer reports named, NRI onboarding list of countries revised
FIU reports only on FINgate 2.0Rule changeIFSCA has modified its AML, CFT and KYC Guidelines, 2022. Regulated entities must file all reports online only at FIU-India’s FINgate 2.0 portal; rule 8 of the PML rules is added to clause 10.3; Cross Border Wire Transfer Reports are written into the guidance note; and the list of countries from which an NRI customer’s IP address may emanate is substituted with nine jurisdictions.
May 2026
-
GSTGST refund of accumulated ITC: Annexure-B must now be filed through the portal’s offline utility
Annexure-B in ExcelAction neededThe GST portal advisory of 18 May 2026 replaces the PDF Annexure-B with a standard Excel offline utility for refunds of accumulated input tax credit — exports and SEZ supplies without tax, inverted tax structure, and export of electricity. Invoices are reported HSN/SAC-wise and checked against GSTR-2B.
The morning brief
One email each working morning with the day’s tax, GST and company-law news. It is starting soon; leave your address and it comes to you from day one.