Highlights - ECONOMIC SURVEY 2026

The Customs Act, 1962 (‘the Customs Act’) governs the levy and collection of Basic Customs Duty (BCD), including provisions related to interest, penalties, assessment, refunds, etc. The levy of other Customs Duties like Counter vailing Duty (CVD), Special Additional Duty (SAD), Integrated Goods and Services Tax (IGST), and GST Compensation Cessis governed by Section 3 of the Customs Tariff Act, 1965 (‘the Tariff Act’) read with provisions under the relevant Acts.

Key regulatory changes for companies including issue of shares in demat form by private companies

Indirect acquisition of shares of Target Company through share transfer in promoter entity triggers open offer obligations

ROC imposes penalty for violation of provisions related to private placement