NFRA to Inspect Audits of 35 - 40 Companies in FY 26
India’s audit regulator, the National Financial Reporting Authority (NFRA) will review more company financial statements this year as part of its...
![Non-Production of BIS Certificate & DGFT Authorisation: Madras HC Orders Provisional Release of 123 Used Digital MFDs [Read Order]](https://images.taxscan.in/h-upload/2026/02/28/2127467-non-production-of-bis-certificatejpg.webp "Non-Production of BIS Certificate & DGFT Authorisation: Madras HC Orders Provisional Release of 123 Used Digital MFDs [Read Order]")
Customs Must Decide Importer’s Plea for Provisional Release Despite Ongoing SIIB Probe: Madras HC Directs Time-Bound Consideration [Read Order]
In a recent ruling, the Madras High Court held that Customs authorities must consider an importer’s request for provisional release of goods within a reasonable time, even if Special Intelligence...
![Customs Must Decide Importer’s Plea for Provisional Release Despite Ongoing SIIB Probe: Madras HC Directs Time-Bound Consideration [Read Order]](https://images.taxscan.in/h-upload/2026/02/28/2127454-madras-high-court-importers-plea-siib-time-bound-consideration-provisional-release-siib-investigation-taxscan.webp "Customs Must Decide Importer’s Plea for Provisional Release Despite Ongoing SIIB Probe: Madras HC Directs Time-Bound Consideration [Read Order]")
SC Upholds Conviction In Foreign Watch Smuggling Case under Customs Act, Reduces Sentence To Period Already Undergone [Read Order]
The appellant's conviction in a case of smuggling foreign watches has been upheld by the Supreme Court of India in a case under Section 135(1)(b)(i) of the Customs Act, 1962, but with a substantial...
![SC Upholds Conviction In Foreign Watch Smuggling Case under Customs Act, Reduces Sentence To Period Already Undergone [Read Order]](https://images.taxscan.in/h-upload/2026/02/28/2127432-foreign-watch-smuggling-case-under-customs-act-taxscan.webp "SC Upholds Conviction In Foreign Watch Smuggling Case under Customs Act, Reduces Sentence To Period Already Undergone [Read Order]")
Financial Crisis Not a Valid Ground to Set Aside Order When Adequate Opportunity Granted After Remand for Fresh Consideration: Madras HC
The Madras High Court held that a plea of financial crisis is not a valid ground to set aside an order, particularly when adequate opportunity of hearing has been granted pursuant to a remand for...
SCN u/s 124 of Customs Act Mandatory even if Notice allegedly Waived: Madras HC Quashes Customs Confiscation Order [Read Order]
The Madras High Court has held that the issuance of a show cause notice under Section 124 of the Customs Act is a mandatory precondition for the confiscation order even if the department holds ...
![SCN u/s 124 of Customs Act Mandatory even if Notice allegedly Waived: Madras HC Quashes Customs Confiscation Order [Read Order]](https://images.taxscan.in/h-upload/2026/02/28/2127443-madras-high-court-customs-act-customs-confiscation-order-madras-high-court-customs-judgment-taxscan.webp "SCN u/s 124 of Customs Act Mandatory even if Notice allegedly Waived: Madras HC Quashes Customs Confiscation Order [Read Order]")
Documents Requested for Refund Claim Dates Back Three Decades: Calcutta HC directs PCCIT to Appoint Authority for Re-evaluation of Merits [Read Order]
In the present case, the Calcutta High Court directed the Principal Chief Commissioner of Income Tax, West Bengal & Sikkim (PCCIT) to appoint a competent authority to come up with a proper ...
![Documents Requested for Refund Claim Dates Back Three Decades: Calcutta HC directs PCCIT to Appoint Authority for Re-evaluation of Merits [Read Order]](https://images.taxscan.in/h-upload/2026/02/27/2127348-calcutta-hc-directs-pccit-taxscan.webp "Documents Requested for Refund Claim Dates Back Three Decades: Calcutta HC directs PCCIT to Appoint Authority for Re-evaluation of Merits [Read Order]")
Customs Appellate Authority Cannot Revisit Final Order on Drawback Entitlement: Orissa HC in Vedanta Case [Read Order]
In a recent ruling, the Orissa High Court held that an appellate authority cannot reopen or change a final order on duty drawback and set aside the order of the Commissioner (Appeals) which had...
![Customs Appellate Authority Cannot Revisit Final Order on Drawback Entitlement: Orissa HC in Vedanta Case [Read Order]](https://images.taxscan.in/h-upload/2026/02/28/2127413-customs-appellate-authorityjpg.webp "Customs Appellate Authority Cannot Revisit Final Order on Drawback Entitlement: Orissa HC in Vedanta Case [Read Order]")
CBIC Elevates 94 Superintendents as Assistant Commissioners on Ad-Hoc Basis; Promotions Valid Till December 2027 [Read Notification]
In a major administrative move, the Central Board of Indirect Taxes and Customs (CBIC) has selected 95 officers for the position of Assistant Commissioner of Customs & Indirect Taxes on an...
![CBIC Elevates 94 Superintendents as Assistant Commissioners on Ad-Hoc Basis; Promotions Valid Till December 2027 [Read Notification]](https://images.taxscan.in/h-upload/2026/02/27/2127311-cbic-elevates-94-superintendents-as-assistant-commissioners-promotions-valid-till-december-2027-.webp "CBIC Elevates 94 Superintendents as Assistant Commissioners on Ad-Hoc Basis; Promotions Valid Till December 2027 [Read Notification]")