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September 2026
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Foreign TradeMinimum Import Price on ATS-8 and Sulfadiazine API extended up to 30 November 2026: DGFT Notifications No. 39/2026-27 and 40/2026-27
MIP till 30 Nov 2026ExtendedTwo DGFT notifications of 30 September 2026 extend Minimum Import Price conditions on Chapter 29 items up to 30 November 2026: USD 111 per kg (CIF) on ATS-8, and ₹1,774 per kg (CIF) on Sulfadiazine API. All other terms of the original notifications stay the same.
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SEBISEBI Board meeting of 24 September 2026: all 13 items in one table — new Portfolio Managers and Settlement Regulations, FPIs in commodity derivatives, Accredited Investor changes
SEBI Board: 13 itemsNew facilityThe 215th meeting of the SEBI Board, held in Mumbai on 24 September 2026, cleared a long list: new Portfolio Managers Regulations, new Settlement Regulations, a Common Advertisement Code, FPIs in more commodity derivatives, wider Vault Manager rules, changes for REITs and InvITs, an easier debt-listing rule and a reworked Accredited Investor framework. A fourth settlement scheme for illiquid stock options was placed before it.
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CustomsTextile exporters must declare a flame-retardant qualifier in the shipping bill from 1 November 2026
1 November 2026Action neededCircular 42/2026-Customs makes two qualifiers mandatory for listed fabric tariff items of Chapters 52, 55 and 60 — FR001 for flame retardant fabric and FR009 for other fabric — so that FR products can be identified for the PLI Scheme for Textiles.
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FEMA & RBIGold and silver import through IIBX: IFSCA widens who can be notified as a Qualified Jeweller — DGFT authorisation holders and GJEPC members can apply
Qualified Jeweller route widenedReliefIFSCA has relaxed the eligibility for being notified as a Qualified Jeweller for importing gold or silver through IIBX. Holders of a valid DGFT Advance Authorisation, a valid GJEPC Registration-cum-Membership Certificate, or a DGFT authorisation for specific ITC (HS) codes can now apply through IIBX. They must trade through a Bullion Trading Member and import only the authorised items.
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CustomsAutomatic goods registration for e-sealed export containers: ICEGATE advisory warns that a wrong container count in the shipping bill breaks the process
Auto GR for e-sealed cargoClarifiedAn ICEGATE advisory dated 21 September 2026 sets out how goods registration happens automatically for factory-stuffed, e-sealed FCL export containers once the last container gates in. It is running at JNCH, Cochin and New Mangalore. Exporters must declare the exact number of containers, package details and marks and numbers in the shipping bill, and the correct destination port code in the e-seal data.
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GSTNew DSC token issued on or after 21 September 2026? Upgrade to emSigner 3.3 for the GST portal
emSigner 3.3Action neededGSTN has released emSigner version 3.3 for tokens issued on or after 21 September 2026. Older versions will not work with the new tokens; existing working DSCs need no change.
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Income TaxForm No. 98 for declarations in Form No. 97: Income Tax Department lays down registration and filing procedure
Form 98 by 31 OctoberAction neededDGIT (Systems) has notified how a reporting person registers on the Reporting Portal, gets an ITDREIN and files, corrects or deletes the statement in Form No. 98 under rule 160 of the Income-tax Rules, 2026.
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FEMA & RBIUPI stays free for person-to-person transfers and merchant payments up to ₹2,000; 0.4% MDR on specified merchant payments above ₹2,000, says Finance Ministry
UPI: 0.4% MDR above ₹2,000ClarifiedThe Ministry of Finance says the new UPI framework under the Payment and Settlement Systems Act, 2007 does not touch person-to-person transfers. Merchant payments up to ₹2,000 and small merchants receiving up to ₹1 lakh a month stay at zero MDR. A 0.4% MDR applies to merchant payments above ₹2,000, capped at ₹300 for ₹75,000 and above; customers are not to be charged.
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Income TaxIncome-tax data sharing under section 258: CBDT to give Yes/No income flags to Andhra Pradesh for welfare schemes and to the Petroleum Ministry
Yes / No / Not Available flagsNew facilityCBDT has issued two orders under section 258(1) of the Income-tax Act, 2025 naming the Director General of Income-tax (Systems), Delhi as the authority to share information. Andhra Pradesh will get a flag on whether a person crosses an agreed income threshold, to identify welfare-scheme beneficiaries. The Ministry of Petroleum and Natural Gas will get flags on five questions, in an order that replaces one of 17 June 2025.
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Income TaxDepositories and mutual fund RTAs to report capital-gains data to the Income Tax Department every half year: SFT-2517 and SFT-2518 formats notified
By 31 October and 30 AprilNew facilityThe Directorate of Income Tax (Systems) has notified the format and procedure for two statements of financial transactions under section 508(1) of the Income-tax Act, 2025: SFT-2517 for depositories and SFT-2518 for registrars and share transfer agents of mutual funds. The data, used to pre-fill capital gains in the return, is due half-yearly — by 31 October and 30 April — and must also be given to the account holder.
August 2026
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Foreign TradeOne Star Export House status on two years’ performance out of three; Diamond Imprest para drops Compensation Cess reference — DGFT Notifications 33/2026-27 and 32/2026-27
Two out of three yearsReliefTwo amendments to the Foreign Trade Policy 2023 dated 21 August 2026. Para 1.25(d) now lets an applicant (other than Gems & Jewellery) get One Star Export House status with export performance in any two of the three preceding financial years. Para 4.63 on Diamond Imprest Authorisation no longer refers to Compensation Cess, which stands discontinued from 1 February 2026.
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SEBIKYC Registration Agencies may share information with IFSCA-regulated entities: SEBI specifies IFSCA under regulation 16A of the KRA Regulations
KRA access for IFSCA entitiesNew facilitySEBI has specified the International Financial Services Centres Authority (IFSCA) under regulation 16A(1) of the KRA Regulations, 2011. Entities regulated by IFSCA may now access the systems of SEBI-registered KYC Registration Agencies to do KYC of their clients. They must follow the KRA Regulations, SEBI’s KYC Master Circular and, for FPI clients, the data security guidelines in the FPI Master Circular.
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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.
April 2026
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LabourMaharashtra profession tax: March and annual returns now due on 15 March; late fee waived for March 2026 returns filed by 30 April
Due date: 15 MarchRule changeMaharashtra amended rule 11 of its Profession Tax Rules on 28 February 2026, bringing the due date for the March return and for annual returns forward to 15 March. After portal problems, Trade Circular 2T of 2026 waived the whole late fee for March 2026 and FY 2025-26 PTRC returns filed by 30 April 2026 where the tax was paid by 15 March.
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