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Samco Wealth advises Indian investors to purchase two US exchange traded funds as long term hedges against currency depreciation and oil price fluctuations. The firm projects potential gains of 47 percent and 60 percent for these funds and recommends maintaining the investments for a minimum of two years.
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The Goods and Services Tax Appellate Tribunal determined that slaked lime attracts a five percent tax rate rather than eighteen percent. The authority rejected the revenue department's attempt to classify the mixture as a food preparation, confirming it qualifies as slaked lime under Harmonized System of Nomenclature code 2522.
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The Goods and Services Tax Appellate Tribunal clarified that clearing outstanding tax dues is insufficient to revive a cancelled business registration. Rule 23(1) mandates the simultaneous settlement of all applicable interest, penalties, and late fees alongside pending return filings to successfully restore the registration.
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The Goods and Services Tax Appellate Tribunal affirmed that claiming excess input tax credit without deploying it results in no interest liability. The decision reinforces that statutory interest provisions require actual use of the wrongfully claimed tax credit rather than a mere ledger entry.
Effective Not specified in the update
For professionals: Reference this tribunal position when handling audit objections or show-cause notices that propose interest levies on unutilised ledger balances. · Carefully reconcile client credit ledgers to demonstrate the absence of utilisation during disputed periods.
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The Goods and Services Tax Appellate Tribunal ruled that interest under Section 50(3) cannot be levied merely for claiming excess input tax credit if the amount was never utilised. Maintaining an adequate unutilised balance in the electronic credit ledger ensures the disputed credit is not considered deployed.
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Indian stock exchanges remain closed for trading in observance of Diwali-Balipratipada. Meanwhile, broader Asian equity markets registered gains across the region, and international crude oil prices experienced a downward movement.
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Hindustan Unilever Limited has announced an interim dividend of 1,900 percent on shares with a face value of one rupee each. The corporate payout was made public alongside the company earnings figures for the September quarter on October 28.
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The National Stock Exchange and the Bombay Stock Exchange remain closed for trading on November 10 in observance of Diwali-Balipratipada. Regular trading activities across equity, derivative, and slm segments will resume on the next business day.
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Companies that distribute a large portion of their earnings to shareholders form a key component of investment portfolios focused on steady cash returns. Four specific equities are highlighted for maintaining high dividend payout ratios for market participants.
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Chief financial officers across India indicate stable festive sales during major celebrations like Durga Puja and Dussehra. Elevated inflation and adverse weather conditions have kept expansion below initial projections. Rural demand shows strength but faces potential risks from unseasonal harvesting rains.
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The Directorate General of Foreign Trade has issued Notification 48/2026-27 to extend the transition timeline for meat shipments to Egypt. The permitted window under the i-CAS-Halal framework moves from 9 months to a full 12 months. This update provides exporters additional time to complete necessary compliance procedures.
Effective Not specified in the update
For professionals: Advise meat exporter clients shipping to Egypt to update their compliance schedules under Notification 48/2026-27. · Verify all documentation requirements with certification bodies well before the extended deadline approaches.
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The Directorate General of Foreign Trade published Notification No. 47/2026-27 to extend export relief for specific food grains. Shipments falling under HSN 1006 destined for other European countries are exempt from mandatory inspection until 1 April 2027. This extension maintains uninterrupted trade flows for qualifying exporters.
Effective 1 April 2027
For professionals: Document the extended rice export inspection exemption under Notification No. 47/2026-27 in compliance and logistics manuals. · Inform client companies shipping goods classified under HSN 1006 to European destinations to ensure no redundant inspection costs are incurred.
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