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NewsPolicyRadarTuesday, 22 September 2026NEW

Goods and Services Tax | Bombay HC Orders Release of Goods After GST Prohibition Period Ends

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Summary
Bombay High Court orders release of goods after GST prohibition order expired under Section 67(7), while preserving the ongoing investigation.
Key Facts
TypeNews
SourcePolicyRadar India
PublishedTuesday, 22 September 2026
Affected Population1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
20 million central + state government employees
Key Authorities
Ministry of FinanceRBISEBIDEAPMO
Key Stakeholders
TaxpayersBanks & NBFCsInvestorsCivil ServantsState GovernmentsJudiciary
Government Context
NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight
Explore Sectors
Finance & Economy668 tracked→Governance & Reform180 tracked→
Read Full Text at Source
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Tenor 1-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 71,971 Amount accepted (in ₹ crore) 71,971 Cut off Rate (%) 5.24 Weighted Average Rate (%) 5.24 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad           Deputy General Manager (Communications)     Press Release: 2026-2027/1164
Finance & Economy
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