Newsletter - April 30, 2026

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

IBBI Drafts

Acts & Regulations:

RBI Directions

SEBI Regulations

Legal Updates:

IRDAI

DGFT

Customs

Central Excise

News Update:

Indian News:

Sebi rolls out fast-track route for AIF scheme launches, eases timelines

Dubai eases visa rule for single-property buyers, drops value bar: Details

87 GST officials assigned wards through transparent lottery system: Delhi CM

Reversal of year-end bulge in deposits & advances points to window dressing

Mismatch between IBC and tax law clouds loss carry-forward benefits

Income Tax return 2026: ITR-4 rule change, investment disclosure explained

RBI's new 'calamity chapter' to benefit sound accounts

Lost an old PF account? EPFO's new portal may help you reclaim your money

RBI exempts smaller NBFCs, creates structured exit route for first time

RBI caps unsecured lending, tightens housing loan norms for UCBs

Sebi gives more time for segregation of non-regulated activities by Debenture Trustees

Sebi offers a way over FPI tax rule hurdle

Income tax refund rules change from April 2026: Check these 2 important updates for Tax Year 2026-27

RBI Governor launches 'Mission SAKSHAM' for Urban Co-operative Banks

Govt clarifies SEZ goods re-exported from DTA eligible for duty drawback

RBI to implement phased FX derivatives reporting norms from July 2027

International News:

BOE holds rates at 3.75%, warns Iran war may need forceful rate hikes

Going concern assessment extension requests: what auditors need to know

Exposure Drafts:

IBBI Drafts:

Discussion Paper on (Creditor-Initiated Insolvency Resolution Process) Regulations, 2026 

Discussion Paper Proposed Amendments to IBBI (Liquidation Process) Regulations, 2016

Discussion Paper on proposed amendments to the IBBI (Voluntary Liquidation Process) Regulations, 2017

Discussion paper on proposed amendments to personal guarators to corporate debtors regulations 2019

Discussion Paper on amendments to IBBI (Pre-Packaged Insolvency Resolution Process) Regulations, 2021

Discussion paper on amendments to CIRP Regulations, 2016 in pursuance of the Insolvency and Bankruptcy Code (Amendment) Act, 2026

Discussion Paper on Amendments to IBBI (Grievance and Complaint Handling Procedure) Regulations, 2017

Discussion Paper on Amendments to IBBI (Inspection and Investigation) Regulations, 2017

Discussion Paper on Amendments to Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017

Acts & Regulations:

RBI Directions:

Reserve Bank of India [Conduct of Government Business by Agency Banks (ABs) – Payment of Agency Commission and Oversight of ABs] Directions, 2026

Reserve Bank of India [Disbursement of Government Pension by Agency Banks (ABs)] Directions, 2026

SEBI Regulations:

SEBI (Alternative Investment Funds) Regulations, 2012
[Updated upto April 18, 2026]

SEBI (Real Estate Investment Trusts) Regulations, 2014
[Updated upto April 18, 2026]

SEBI (Infrastructure Investment Trusts) Regulations, 2014
[Updated upto April 17, 2026]

SEBI (Intermediaries) Regulations, 2008
[Updated upto April 16, 2026]

Legal Updates:

IRDAI:

Notification on Delegation of Powers

Obligatory Cession for the financial year 2026-27

Circular - IRDAI Information and Cybersecurity Guidelines, 2026 [ZIP file]

DGFT:

Alignment of RoDTEP Schedule consequent to changes in the First Schedule to Customs Tariff Act, 1975 as amended vide Fourth Schedule of Finance Act (No. 3 of 2026) with effect from 01.05.2026 [Notification No.15]

Extension in Minimum Import Price (MIP) Condition of specific items covered under Chapter 48 of ITC HS, 2022, Schedule -I (Import Policy) [Notification No.14]

Amendment in export policy of Wheat [Notification No.13]

Amendment in Export Policy of Baryte (Natural Barium Sulphate) [Notification No.12]

Amendment to Notification No. 65/2025-26 for inclusion of Egypt and Jordan under RELIEF [Notification No.11]

Amendment in Import Policy of Glufosinate and its salts covered under Chapter 38 of Schedule –I (Import Policy) of IТС (HS) 2022 [Notification No.10]

Clarification on Eligibility of New ECGC Whole Turnover Policy under Component II of the Resilience & Logistics Intervention for Export Facilitation (RELIEF) under Export Promotion Mission (EPM) [Circular No.1]

Instructions regarding Issuance/Re-issuance/Extension of Validity of Post Export EPCG Scrips – Activation of Post Export EPCG Module [Trade Notice No.2]

Inclusion of Chapter 72 tariff lines for Micro and Small Enterprises under Interest Subvention Support [Trade Notice No.1]

Modalities for export of Wheat [Public Notice No.5]

Amendment in Appendix 4B of Handbook of Procedures, 2023 [Public Notice No.4]

Customs:

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.42(NT)]

Amendment to Notification No. 77/2023-Customs (N.T.) dated 20.10.2023 - Revision of AIR of duty drawback of Gold jewellery and silver jewellery/articles [Notification No.41(NT)]

Notification of ICD at Hirnoda, Jaipur, Rajasthan u/s. 7(1)(aa) of Customs Act, 1962 [Notification No.40(NT)]

De-notification of ICD at Coimbatore (Thudiyalur), Tamil Nadu u/s. 7(1)(aa) of Customs Act, 1962" and it was issued under Section 7(1)(aa) of Customs Act, 1962 [Notification No.39(NT)]

Appointment of Common Adjudicating Authority in the case of M/s. Control Components India (P)Ltd., (IEC: 0706018192) – Consolidated Adjudication of Multiple Show Cause Notices arising from SVB Investigation Report No.21/2024 [Notification No.38(NT)]

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.37(NT)]

Seeks to amend notification No. 68/2021-Customs (ADD) to modify the scope of subject goods to exclude Lithograde Aluminium Coils of width above 1150 mm [Notification No.5(ADD)]

Procedure to handle export cargo containers off loaded at foreign ports and subsequently returned to India, in view of disruption in maritime routes due to closure of the Strait of Hormuz- Section 143AA of the Customs Act, 1962 [Circular No.21]

Clarification regarding remission or rebate in case of short realization of sale proceeds by exporters under RoDTEP and RoSCTL schemes [Circular No.20]

Drawback for re-export of duty paid goods supplied by SEZ to DTA [Instruction No.6]

Instruction for time bound processing of RoDTEP and RoSCTL scrolls [Instruction No.5]

Authorised Officers under Section 25 read with Section 47 (5) of Food Safety Standards (FSS) Act, 2006 and Regulation 13 (1) of FSS (Import) Regulation, 2017 [Instruction No.4]

Central Excise:

Seeks to amend Notification No. 11/2026-Central Excise dated 26.03.2026 to increase the RIC on exports of High speed diesel oil outside India [Notification No.18]

Seeks to amend Notification No. 08/2026-Central Excise dated 26.03.2026 to increase the SAED on exports of ATF outside India [Notification No.17]

Seeks to amend Notification No. 06/2026-Central Excise dated 26.03.2026 to increase the SAED on exports of High speed diesel oil outside India [Notification No.16]

Seeks to amend the Sixth Schedule to the Finance Act, 2018 to increase the tariff rate of Road and Infrastructure Cess applicable to High Speed Diesel oil [Notification No.15]

Seeks to amend the Eighth Schedule to the Finance Act, 2002 to increase the tariff rate of Special Additional Excise Duty applicable to High Speed Diesel oil [Notification No.14]