CESTATtax
CESTAT Sets Aside DEPB Denial for Assessed Shipping Bills
CESTAT ruled that assessed shipping bills cannot be reopened after export, setting aside the denial of DEPB benefits for the importer.
Jun 30, 2026Read more →
Legal News & Insights
AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
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CESTATtax
CESTAT Requires Sequential Valuation Rules Before Applying Rule 8
CESTAT has ruled that customs must apply sequential valuation rules before invoking Rule 8 for duty assessments, emphasizing the necessity of following established procedures.
Jun 30, 2026Read more →
Gauhati High Courttax
Customs Seizure Quashed by Gauhati HC Due to Lack of Evidence
The Gauhati High Court has quashed the customs seizure of areca nuts, ruling that mere suspicion cannot substitute the statutory requirement for establishing foreign origin.
Jun 30, 2026Read more →
Gauhati High Courttax
Customs Seizure Upheld by Gauhati HC Under Section 110
The Gauhati High Court has upheld the customs seizure of areca nuts, affirming that objective circumstances justified the statutory basis for belief under Section 110.
Jun 30, 2026Read more →
Customs Authority for Advance Rulingstax
Greek Zante Currants Classified as Raisins by CAAR
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.
Jun 30, 2026Read more →
Customs Authority for Advance Rulingstax
Anti-Dumping Duty Not Applicable on Laser Engraving Machines: CAAR
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.
Jun 30, 2026Read more →
Customs Authority for Advance Rulingstax
CAAR Denies Customs Duty Exemption for Semi-Processed Diamonds
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.
Jun 30, 2026Read more →
Customs Authority for Advance Rulingstax
DSIR Customs Exemption Limited to Research Activities: CAAR
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.
Jun 30, 2026Read more →
banking
Money Market Operations Summary as of June 28, 2026
A summary is available regarding money market operations conducted on June 28, 2026, detailing amounts and rates.
Jun 30, 2026Read more →
bankingcorporate
Results of Buyback Auction of Government Dated Securities
The buyback auction of Government securities saw ₹7,388.194 crore accepted against ₹30,000 crore notified.
Jun 30, 2026Read more →
banking
Monetary Penalty Imposed on The Citizens Urban Cooperative Bank
The Citizens Urban Cooperative Bank has received a ₹5 lakh penalty from the RBI for non-compliance with exposure norms.
Jun 30, 2026Read more →
banking
Monetary Penalty on The Chikmagalur District Co-operative Bank
The RBI has penalized The Chikmagalur District Co-operative Central Bank ₹1 lakh for violations under the Banking Regulation Act.
Jun 30, 2026Read more →
banking
RBI Imposes Monetary Penalty on Sri Bharathi Co-operative Bank
The RBI has imposed a penalty of ₹1.50 lakh on Sri Bharathi Co-operative Urban Bank for non-compliance on loan provisions.
Jun 30, 2026Read more →