India: International Trade & Investment

The Central Boilers Board (“CBB”), under the Department for Promotion of Industry and Internal Trade (“DPIIT”), Ministry of Commerce and Industry, has notified the Indian Boiler Regulations, 2026 (“IBR 2026”) under the Boilers Act, 2025.

Supreme Court holds that, by virtue of omission of rule 96(10) of the Central Goods and Services Tax Rules, 2017 (CGST Rules) (which restricted assessees availing benefit of certain duty exemption schemes on import of goods, from undertaking export on payment of IGST and claiming refund thereof), all pending proceedings shall stand concluded; observes that the rule resulted in unnecessary complications and its omission must not result in such complications being kept alive, insofar as the pending proceedings were concerned.

The Directorate General of Foreign Trade launched support for Trade Regulations, Accreditation & Compliance Enablement which offered partial reimbursement of eligible expenditure...