Daily Newsletter - July 6, 2026

Latest additions to CAalley:

News Update:

Indian News

International News

Acts & Regulations:

IBBI Regulations

Legal FAQs:

Income Tax FAQs

Legal Updates:

Income Tax

SEBI

DGFT

Customs

Central Excise

News Update:

Indian News:

ITR utility updated: New 'other income' column added under exempt income schedule; here's what it means

ITAT allows Section 54 relief despite a 3-year delay

EPFO ends UAN activation on member portal: Here's how to do it now

Income Tax: Can you claim bad debt deduction during recovery? ITAT explains

India-UK trade pact origin rules notified ahead of July 15 rollout

International News:

Tokenised Assets: Why Standards Alone Won't Save the Audit File

Acts & Regulations:

IBBI Regulations:

IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (Amended upto 02-06-2026)

IBBI (Liquidation Process) Regulations, 2016 (Amended upto 02-06-2026)

Legal FAQs:

Income Tax FAQs:

Clarificatory FAQs related to transition provisions under Section 536 of the Income-tax Act, 2025 (Repeals and Savings)

Legal Updates:

Income Tax:

Clarification on the safe harbour rules for sale of rough diamonds in special notified zones (SNZs) [Circular No.5]

SEBI:

Handling of Client’s Unpaid Securities by Trading Members

DGFT:

Extension in the validity of TRQ Authorisation for import of gold under India-UAE CEPA (Tariff Head 7108) issued in FY 2025-26, till 30.09.2026 [Public Notice No.18]

Review and re-allocation of allocated Export Quota of Wheat flour and related products [Trade Notice No.10]

Amendments to the Guidelines for Trade Regulations, Accreditation and Compliance Enablement under Export Promotion Mission (EPM) - Niryat Disha [Trade Notice No.9]

Amendment to Guidelines for Market Access Support under Export Promotion Mission (EPM) — Niryat Disha [Trade Notice No.8]

Customs:

The Sea Cargo Manifest and Transshipment (Second Amendment) Regulations, 2026 [Notification No.61(NT)]

Seeks to continue anti dumping duty on imports of ‘Normal Butanol’ or ‘N-Butyl Alcohol’ originating in or exported from Malaysia, South Africa and United States of America for 5 years [Notification No.15(ADD)]

Seeks to provide for provisional assessment of of imports of 'Glufosinate and it salt' originating in or exported from People’s Republic of China pursuant to initiation of anti absorption investigation [Notification No.14(ADD)]

Seeks to provide for provisional assessment of of imports of 'Insoluble Sulphur' originating in or exported from People’s Republic of China pursuant to initiation of anti absorption investigation [Notification No.13(ADD)]

Pan- India implementation of the Sea Cargo Manifest and Transshipment Regulations(SCMTR), 2018 [Circular No.29]

Provisional assessment and furnishing of guarantee in respect of imports of “Glufosinate and its salt” originating in or exported from China PR [Instruction No.13]

Provisional assessment and furnishing of guarantee in respect of imports of “Insoluble Sulphur” originating in or exported from People’s Republic of China [Instruction No.12]

Central Excise:

Seeks to amend Rule 18 and Rule 19 of Central Excise Rules, 2017 [Notification No.3(NT)]

Seeks to amend Notification No. 08/2026-Central Excise dated 26.03.2026 to revise the SAED rate on exports of ATF outside India [Notification No.37]

Seeks to amend Notification No. 06/2026-Central Excise dated 26.03.2026 to revise the SAED rates on exports of petrol and diesel outside India [Notification No.36]

Seeks to amend Notification No. 04/2019-Central Excise dated 06.07.2019 to extend exemption from RIC on exports of petrol and diesel made by Public Sector Oil Companies to Mauritius and Maldives [Notification No.35]

Seeks to amend Notification No. 11/2026-Central Excise dated 26.03.2026 to extend exemption from RIC on exports of petrol and diesel made by Public Sector Oil Companies to Mauritius and Maldives [Notification No.34]

Seeks to amend Notification No. 09/2026-Central Excise dated 26.03.2026 to extend exemption from SAED on exports of ATF made by Public Sector Oil Companies to Mauritius and Maldives [Notification No.33]

Seeks to amend Notification No. 06/2026-Central Excise dated 26.03.2026 to extend exemption from SAED on exports of petrol and diesel made by Public Sector Oil Companies to Mauritius and Maldives [Notification No.32]