The article discusses the key fiscal amendments in the leather and textile segment under the Budget and examines whether the harmonization of fiscal statutes and FTAs entered by India, create a streamlined pathway for export, or a labyrinth of compliance risks.

The article discusses the evolving paradigms of judicial interpretation on initiation or continuation of proceedings under PMLA if the predicate offence does not survive.

Budget 2026 has laid the foundation to shift from an enforcement heavy regime to trust based assessments for imports and export to and from India. One of the biggest beneficiaries of these changes are those operating in the Authorized Economic Operation (‘AEO’) ecosystem.

Discounts serve as a powerful strategic tool to stimulate sales, attract new customers and strengthen a brand’s competitive edge in price-sensitive market. Due to this reason, discount schemes have enjoyed favourable tax treatment right from the pre-GST regime.

India’s move to incorporate a Customs Authority for Advance Rulings (‘Authority’) aligns with the World’s Customs Organization’s core trade facilitation framework which emphasizes on transparency, and certainty for traders. Article 3 of the World Trade Organization (‘WTO’) Trade Facilitation Agreement requires Members to issue binding advance rulings and publish their period of validity, reinforcing transparency and predictability for traders.