News

The Delhi High Court, in a recent significant ruling, has highlighted that any bank account cannot be frozen without any accusation or FIR against the account holder.

Bank Account Cannot Be Frozen Without FIR or Accusation, Rules Delhi HC

Circulars

The CBIC has mandated importers to declare hazardous cargo at the item level in Bills of Entry, enabling automated identification and faster customs clearance from July 2026.

CBIC Mandates Hazardous Cargo Declaration in Bills of Entry from July 1, 2026

The Government has discontinued the medium- and Long-Term components of the Gold Monetisation Scheme from March 26, 2025, while retaining the Short-Term Bank Deposit facility under RBI guidelines.

Govt to Discontinue MLTGD Categories under Gold Monetisation Scheme Effective March 2025

Articles

Vishnu Prakash R Punglia Limited approached the Rajasthan High Court after North Western Railway terminated its Bikaner Railway Station redevelopment contract and proposed forfeiture of bank guarantees. The company challenged the termination order and sought protection against encashment of the guarantees.

Vishnu Prakash R Punglia Moves to Rajasthan High Court Against INR 199.472 million Railway Contract Termination

TeamLease Services Limited filed a writ petition before the Karnataka High Court challenging an EPFO show cause notice alleging financial irregularities in provident fund management. The company disputed the Rs 184.58 crore demand and stated that it is taking appropriate legal action.

TeamLease Challenges EPFO’s Rs 184 Crore Claim Before Karnataka High Court

Notifications

The DGFT has amended the export policy of sugar by changing its status from “Restricted” to “Prohibited” with immediate effect till September 30, 2026, subject to specified exemptions.

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Bank Account Cannot Be Frozen Without FIR or Accusation, Rules Delhi HC

CBIC Mandates Hazardous Cargo Declaration in Bills of Entry from July 1, 2026

Govt to Discontinue MLTGD Categories under Gold Monetisation Scheme Effective March 2025

Vishnu Prakash R Punglia Moves to Rajasthan High Court Against INR 199.472 million Railway Contract Termination

TeamLease Challenges EPFO’s Rs 184 Crore Claim Before Karnataka High Court

DGFT Bans Sugar Exports Till September 2026; Policy Shifted from ‘Restricted’ to ‘Prohibited’