Press Release


Two-Day Conclave of Top Income Tax Officials Concludes in Jaipur

Top Tax Officials Deliberate on Key Issues Concerning the Income Tax Department at Conclave …

Tax Department undertakes verification of suspicious foreign remittances

Based on ground intelligence and analysis of data on outward foreign remittances, the Income Tax Department has identified several suspicious entities that remitted large amounts of foreign exchange over …

DRI uncovers large-scale illegal use of SAFTA agreement in areca imports

Months long investigation reveals defrauding exchequer of over Rs. 2,500 crore (approx.); Rs. 75 lakh cash, 160 MT areca nuts seized (approx.); Nine arrested …

The Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026 passed by Parliament

The amendments in the MSMED Act to facilitate growth and development of MSME sector …

The Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026

The Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026, was passed by the Parliament in August 2026. It updates the existing MSMED Act, 2006 to align its provisions …

Reforming India’s Tribunal System : Tribunal Reforms Bill, 2026

The Tribunals Reforms Bill, 2026 seeks to create a more independent, transparent and professionally administered tribunal system. The Bill provides for setting up of a judiciary-led  National Tribunals Commission …

DRI seizes quantities of gold; drugs, e-cigarettes and other contraband in pan-India Ops; 20 persons, including 5 foreign nationals, arrested

DRI seizes quantities of gold; drugs, e-cigarettes and other contraband in pan-India Ops; 20 persons, including 5 foreign nationals, arrested …

Union Government releases tax devolution of ₹1,09,019 crore to State Governments

The Union Government has released additional instalment of tax devolution to State Governments amounting to Rs. 1,09,019 crore on 1st August 2026, which is in addition to the normal monthly …

Government extends full customs duty exemption on critical petrochemical products in view of ongoing conflict in West Asia till 15th July 2026

The Government had earlier provided a full Customs Duty exemption on imports of critical petrochemical products till 30th June 2026 …

DRI busts trans-border gold smuggling syndicate; seizes 15 kg smuggled gold; four arrested

In a major operation the officers of the Directorate of Revenue Intelligence (DRI) successfully dismantled a trans-border gold smuggling syndicate and seized 15 kg foreign-origin smuggled gold …