AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The CAAR has ruled that Greek Zante Currants qualify as raisins for customs classification, allowing them to be eligible for exemption under Notification No. 45/2025.
The CAAR has ruled that compact laser engraving machines do not fall under the purview of anti-dumping duties as per Notification No. 15/2023.
The Customs Authority for Advance Rulings (CAAR) has determined that laser-marked diamonds are classified as semi-processed, thus ineligible for the customs duty exemption under Sr. 345.
CAAR has clarified that the Customs exemption under Notification 45/2025 is strictly applicable to research activities only, disallowing benefits for Exhibit Batch imports due to breaches of notification conditions.
A summary is available regarding money market operations conducted on June 28, 2026, detailing amounts and rates.
The buyback auction of Government securities saw ₹7,388.194 crore accepted against ₹30,000 crore notified.
The Citizens Urban Cooperative Bank has received a ₹5 lakh penalty from the RBI for non-compliance with exposure norms.
The RBI has penalized The Chikmagalur District Co-operative Central Bank ₹1 lakh for violations under the Banking Regulation Act.
The RBI has imposed a penalty of ₹1.50 lakh on Sri Bharathi Co-operative Urban Bank for non-compliance on loan provisions.
The RBI announced a Variable Rate Repo auction on June 30, 2026, with a total amount notified at ₹75,000 crore.
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The CESTAT ruled that astronomy coaching is a science-based activity, not eligible for service tax exemption intended for recreational arts or culture. This determination delineates the scope of the exemption in service tax law.
ICSI has requested the government to modify legislation allowing Company Secretaries to represent parties before DRTs, citing their expertise in insolvency matters.