India revoked the tax‑free missile parts rule, affecting Adani Defence amid a $9 million tax probe investigation.

• September policy exempted all missile components from duties, aiming to boost the domestic defence manufacturing sector.
• October correction stripped the missile exemption, reapplying duties to short‑range missile parts under previous rules today.
• Adani Defence, importing $70 million of parts, faces scrutiny for alleged $9 million duty evasion in India.