South Asia

483 briefs

India-Oman Comprehensive Economic Partnership Agreement enters into force on 1 June 2026

Indian exporters must apply CEPA preferential tariff treatment on covered HS lines for Oman shipments from 1 June 2026 — shipments not claiming CEPA treatment remain subject to Oman's standard tariffs of 5–100%.

Central Government notifies export levies on petrol, diesel and ATF for fortnight beginning 1 June 2026

Exporters of petrol, diesel and ATF must apply notified per-litre SAED rates on all export shipments from 1 June 2026 — rates are fortnightly and will be revised around 15 June 2026.

Central Government exempts customs duties on cotton imports 1 Jun–31 Oct 2026

Textile and apparel import procurement and customs teams must apply zero customs duty to cotton imports landed between 1 June and 31 October 2026 — the exemption is time-limited and lapses automatically.

MCA amends Schedule VII and CSR Policy Rules to permit zero coupon zero principal instrument subscriptions, capped at 10% of annual CSR spend

CSR-mandated companies may now subscribe to ZCZP instruments on the Social Stock Exchange as eligible CSR spend, subject to a 10% annual cap; NPOs issuing such instruments must accept project execution and evaluation responsibility under Rule 4A.

CAQM revokes Stage-I GRAP restrictions across NCR with immediate effect

Stage-I GRAP restrictions across the NCR are lifted with immediate effect — industries, construction sites, and diesel generator operators subject to Stage-I curbs must update operational status now.

Delhi High Court upholds TRAI 12-minute per clock-hour advertisement cap on TV broadcasters

TV broadcasters must hold each clock hour to a maximum of 12 minutes of advertisements with no carry-forward — the Delhi High Court has confirmed this cap is constitutionally valid and enforceable.

DGFT revises Standard Input Output Norms for six Chemical and Allied Products SIONs with immediate effect

Exporters of caustic soda, gelatine, ossein, and chlorinated paraffin variants holding or applying for Advance Authorisations must use the revised SION input ratios from 29 May 2026 — applying old ratios creates duty recovery exposure.

Andhra Pradesh issues G.O. permitting registration of assigned house sites after 10 years

Andhra Pradesh registering officers must register assigned house sites after the 10-year and documentation checks, unblocking previously Section 22-A-barred title

Supreme Court upholds retrospective 28% GST on online money gaming

Online money gaming platforms and offshore operators must provision for retrospective 28% GST on the full face value of player stakes

IBBI changes pre-pack insolvency valuation calculation

Pre-pack insolvency valuers must use asset-class liquidation estimates as the corporate debtor's liquidation value