AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The CESTAT Ahmedabad ruled that imposing a separate penalty on a partner after penalizing the partnership firm is not permissible in Customs law due to lack of specific statutory provision.
The CBIC has revised customs tariff values for gold, silver, and edible oils effective May 16, 2026. Importers need to adjust to these changes for proper compliance in customs valuation.
The CESTAT Mumbai ruled that mandarin juice concentrate is correctly classified under a different category than orange juice, substantiating duty demands while quashing penalties. This decision clarifies tariff classifications for citrus products.
The CESTAT Bangalore ruled that an automatic soap dispenser cannot be classified as a toiletry spray since it only dispenses foam. Instead, it falls under the category of dispersing appliances, specifically under CTI 8424 89 90.
The Calcutta High Court ruled that a motor vehicle tax demand is invalid if the corresponding permit was not duly countersigned. This decision clarifies tax liabilities associated with inter-state permits.
In a significant ruling, the J&K and Ladakh High Court quashed the recovery of excess salary from a retired employee's pension, concluding that re-fixation of pension is permissible only if his promotion was ratified.
The Gauhati High Court determined that the CBIC Chairman and Customs Commissioners are necessary parties in a writ petition. This ruling clarifies the procedural requirements for effective legal redress in customs-related cases.
CJI Surya Kant emphasized the need for the judiciary to function continuously to promptly address citizens' demands. He called for enhanced technological integration in judicial infrastructure to facilitate immediate and accessible justice.
New amendments from the RBI focus on Responsible Business Conduct for All India Financial Institutions, enhancing accountability and ethical practices within the sector.
The RBI has introduced amendments to the Credit Risk Management Directions for All India Financial Institutions. These amendments adjust the framework for managing credit risks in light of recent financial developments.
The RBI has confirmed the final redemption date and price for the Sovereign Gold Bond 2018-19 Series-I due on May 4, 2026, as per government notification.
The RBI has been updating the status of the ₹2000 banknote withdrawal, available until October 7, 2023. The latest announcement dated April 1, 2026, highlights the ongoing monitoring of this process.
The Allahabad High Court has granted bail to eight individuals accused of hosting an iftar on the Ganga river, amidst ongoing legal proceedings regarding their case. The petitions for the remaining accused are still pending.