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    Circulars
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    Allocation of quantity 5,841 MT of Sugar by EU for export from India under TRQ for the year 2025-26 (October 2025 to September 2026)
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    Tariff-rate quota allocation enables export of specified sugar quantity to EU under TRQ with APEDA implementation.
    A tariff-rate quota of 5,841 MT for export of sugar (HS 17010000) to the EU for October 2025-September 2026 is allocated under Paragraph 2.04 of the Foreign Trade Policy, 2023. Exports under the TRQ are 'Free' subject to notified restrictions and reporting obligations. Certificates of Origin for preferential access will be issued by the Additional Director General of Foreign Trade, Mumbai, on APEDA's recommendation, and APEDA, New Delhi, will operate the quota as implementing agency.
    Rights of Persons with Disabilities Act, 2016 and rules made thereunder- mandatory compliance by all Regulated Entities.
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    Digital accessibility required for regulated entities' platforms, mandating audits, remediation, accessible e KYC and annual compliance reporting.
    SEBI mandates that all regulated entities ensure Digital Accessibility for persons with disabilities by making digital platforms conform to WCAG 2.1 (or latest), GIGW and IS 17802, implement accessibility features (ISL videos, captions, descriptive audio, tagged PDFs, alt text), include accessible alternatives in e-KYC and registration with human review of automated rejections, designate a Nodal Officer, conduct IAAP-audits with usability testing by PwDs, remediate findings within specified timelines, incorporate accessibility in procurement, and submit annual compliance reports to specified authorities.
    Partial Modification/Amendment to Public Notice No. 17/2022-23 dated 30.03.2023
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    Imported second-hand machinery valuation panel is revised by removing one Chartered Engineer while retaining all other applicable provisions.
    Valuation of imported second-hand machinery is amended by revising the empanelled Chartered Engineer entry for M/s Astral Associates. The listing retains Shri Shailesh Madhusudan Gondhalekar and Shri Sadanand Anant Ghaisas, while removing Shri Aniruddha Shailesh Gondhalekar from the empanelled entry. The amendment takes immediate effect, and all other provisions governing valuation of imported old and used machinery remain unchanged.
    Clarification regarding Export of "Organic Textiles"
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    Transaction Certificate requirement removed for organic textile exports; post shipment certification under global textile standards accepted.
    Requirement to submit a Transaction Certificate at the time of export is deleted for organic textile products; certification under Global Organic Textile Standard and Textile Exchange is accepted where Transaction Certificates are issued post shipment based on export documents such as the Shipping Bill, Bill of Lading and Final Invoice, and exporters need not present a TC at export clearance.
    Extension of timeline for implementation of Phase II & III of Nomination Circular dated January 10, 2025 read with Circular dated February 28, 2025
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    Nomination framework timeline extended for phased implementation as SEBI defers key provisions to allow system changes and testing.
    Extension of the implementation timeline for Phase II and Phase III of the nomination framework for the Indian securities market. SEBI extended Phase II to August 08, 2025 in view of system development and process changes required by depositories, depository participants and industry associations, and deferred Phase III to December 15, 2025 to allow further development and testing. All other provisions of the earlier nomination circulars remain unchanged.
    Amendment to Para 10.16 of the Handbook of Procedures (HBP) 2023 to expand the scope of the General Authorisation for Export of Chemicals & Related Equipment (GAEC) Policy Framework
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    General authorisation for export of chemicals expands GAEC scope to permit exports to additional destination countries under appendix.
    Amendment expands the scope of the General Authorisation for Export of Chemicals & Related Equipment (GAEC) by revising Para 10.16 to allow GAEC for specified SCOMET categories and chemicals listed in the appendix to additional destination countries; exporters must apply online in the prescribed ANF proforma, provide lists of other destination countries when exporting to states not in the appendix, and may submit Authorised Economic Operator or Status Holder certificates where available.
    Operational Efficiency in Monitoring of Non-Resident Indians (NRI) Position Limits in Exchange Traded Derivatives Contracts - Ease of Doing Investment
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    NRI position limit monitoring revised: exchanges to monitor NRIs at client-level, removing mandatory CP code requirement.
    Exchanges and Clearing Corporations must monitor NRI position limits in exchange-traded derivatives in the same manner as client-level position limits, removing the mandatory requirement for NRIs to notify Clearing Members and for Exchanges to assign Custodial Participant (CP) Codes; operational processes must be amended to capture NRIs trading without CP Codes and position limits for NRIs remain the client-level limits specified by the regulator.
    Extension of timeline for implementation of SEBI Circular SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/0000013 dated February 04, 2025
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    Extension of algorithmic trading implementation timeline shifts effective date, requiring exchanges to ensure compliance and amend bye laws.
    The SEBI circular on safer participation of retail investors in algorithmic trading, previously to take effect from August 1, 2025, is deferred to October 1, 2025. Recognized stock exchanges must notify their members, publish the circular online, implement appropriate systems and procedures for compliance, and amend relevant bye-laws, rules and regulations to give effect to the decision. The circular is issued under Section 11(1) of the SEBI Act, 1992, read with Section 30 of the Stock Brokers Regulations, 1992.
    Monitoring of Minimum Investment Threshold under Specialized Investment Funds (SIF)
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    Minimum Investment Threshold enforcement: breach leads to unit freeze, 30 day notice to cure, then automatic redemption at NAV.
    Daily monitoring by the Asset Management Company is required to prevent an investor's aggregate SIF holdings falling below the Minimum Investment Threshold. An Active Breach-a decline in aggregate SIF investment value below the threshold due to investor initiated transactions-will cause all units across SIF strategies to be frozen and a 30 calendar day notice to rebalance. If not remedied within 30 days, the frozen units will be automatically redeemed by the AMC at the applicable Net Asset Value on the next business day. AMCs, RTAs and Depositories must establish systems to implement this mechanism.
    Enabling Voluntary Payment electronically on ICEGATE e-Payment Platform
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    Voluntary payment via ICEGATE enables electronic self-initiated challans, replacing manual over-the-counter payments and streamlining compliance.
    Enables electronic collection of Voluntary/Self-Initiated Payments on ICEGATE, allowing registered users to generate self-initiated challans and remit payments without further customs approval. Facility is not for live-consignment clearance; payments must select prescribed purpose codes and proof submitted to concerned sections. Payments may be debited from the Electronic Cash Ledger or made challan-wise via specified banks, NEFT/RTGS, or Payment Aggregator, with additional banks to be enabled after testing. Manual TR-6 payments are disallowed except with prior written approval.
    Rate of stamp duty in terms of Article 19 of the Schedule I-A of Indian Stamp Act, 1899 as applicable to NCT of Delhi, on certificate or other document, evidencing the right or title to any shares, scrip or stock of any incorporated company
    Show AI Summary
    Stamp duty on share certificates in NCT of Delhi requires companies to seek adjudication for issuance of shares.
    Article 19 of Schedule I-A of the Indian Stamp Act, 1899 requires payment of stamp duty on issuance of share certificates by companies with registered offices in the NCT of Delhi; companies must apply for adjudication of stamp duty for physical and DEMAT/digital share documents and comply with statutory timeframes, with penalties for noncompliance.
    Fixation of new Standard Input Output Norms (SIONs) at SION No. A- 3690, A-3691, & A-3692) under "Chemical and Allied Product" (Product Code-'A').
    Show AI Summary
    Standard Input-Output Norms notified for three chemical export products, fixing input-output ratios under SION A-3690-A-3692.
    Notification under paragraph 1.03 of the Foreign Trade Policy 2023 fixes three new SIONs (A 3690, A 3691, A 3692) for Chemical and Allied Products, specifying input output ratios: 1 kg Betamethasone Valerate against 0.915 kg Betamethasone; 1 kg Ferrous Fumarate against 0.725 kg Fumaric Acid 99%; and 1 kg Ferrous Fumarate against 0.65 kg Maleic Anhydride.
    Online Deemed Export Application Module-FTP 2015-20- Reiteration of guidelines for compliance
    Show AI Summary
    Deemed export online filing mandatory; manual applications at RAs and SEZs disallowed, follow the prescribed online procedure.
    Applications for claiming benefits under Deemed Exports must be filed exclusively through the DGFT online Deemed Export Application Module; manual applications shall not be accepted at any Regional Authority or Special Economic Zone, and RA/SEZ offices must ensure strict adherence to the prescribed online procedure and the guidelines issued in the prior trade notice.
    Implementation of SDM & SDN messages under SCMT Regulations, 2018 at Chennai Port (INMAA1) from 04.08.2025 - Reg.
    Show AI Summary
    Sea Departure Manifest requirement: SDM/SDN mandatory at Chennai Port, EGM filing discontinued and incentives tied to filing.
    Chennai Port will require mandatory filing of Sea Departure Manifest (SDM) and Sea Departure Notification (SDN) for exports, with Export General Manifest (EGM) filing discontinued; export incentives will be directly linked to successful SDM/SDN submission, and stakeholders are advised to migrate to SCMTR messaging and report issues to the SCMTR Cell.
    Difficulties faced by the exporters (including rice and others) for claiming the RoDTEP benefit consequent to alignment of customs tariff w.e.f 01.05.2025
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    Exporters: post EGM amendments permit claiming RODTEP for shipping bills filed on or after 01.05.2025.
    The notice directs that shipping bills filed on or after 01.05.2025, for which RODTEP rates were notified retrospectively, may be amended via the Post EGM Amendment module to change the RODTEP claim from "N" to "Y", and that such amendment requests will be processed; exporters facing difficulties should notify the Assistant Commissioner of Customs (Drawback) at Mangaluru Customs Commissionerate by email.
    Use of ICETABs for efficient export examination and clearance – Reg.
    Show AI Summary
    Use of ICETABs for export examination enables electronic reporting and image uploads, streamlining export clearance procedures.
    Examining officers are required to use ICETAB to view Shipping Bill details, examination orders, RMS instructions and supporting documents, to promptly enter examination reports, and to upload up to four images of the cargo which will be stored in the e-sanchit repository; advisory guidance governs filing in the EXAM_INS role and exigencies necessitating non-use of ICETAB require prior Assistant Commissioner permission and recording of the same in the report.
    Amendment in the office order no. 278 dated 01-07-2017
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    GST office order amendment revises table entries by inserting 74A after 74 in specified serial numbers.
    Amendment is made to the table in Office Order No. 278 dated 01.07.2017 under Section 2(91) of the Uttar Pradesh Goods and Services Tax Act. Against Serial Numbers 1 and 3 in Column 3, the words and figures "74A" are to be inserted after "74", thereby revising the specified table entries.
    Relaxation of time limit for processing of returns of income filed electronically which were incorrectly invalidated by CPC.
    Show AI Summary
    Time-limit relaxation for processing electronically filed returns allows validation, intimation to taxpayers, and refund actions.
    The Board has directed a time-limit relaxation to validate and process electronically filed returns erroneously invalidated by CPC: returns filed up to 31.03.2024 shall be processed and intimations issued by 31.03.2026. Consequential actions, including refunds with interest, will follow, subject to the condition that refunds will not be paid where PAN-Aadhaar linkage is absent.
    Standard Operating Procedure in respect of import of Denatured Ethyl Alcohol (DEA) in Customs Bonded Warehouse.
    Show AI Summary
    Denatured Ethyl Alcohol imports allowed into Public Bonded Warehouses; clearance conditional on testing and supervised denaturing.
    Import of Denatured Ethyl Alcohol may be warehoused in Public Bonded Warehouses under Section 57 with provisional assessment pending laboratory test. Samples are drawn and sent to a government-approved laboratory; goods are stored after sampling. Addition of denaturing chemicals post-deposit requires permission of the assessing group and Customs supervision with presence of importer/representative, warehouse keeper and technical expert; the expert must submit a survey report. Representative sealed samples after compliance are retested, a Bond Officer maintains a register, and ex-bond clearance and finalisation of the provisional Bill of Entry require the second chemical test report.
    Pendency of drawback claims / IGST refund due to EGM related issues
    Show AI Summary
    EGM-related errors delay drawback and IGST refunds; exporters must coordinate with shipping lines to file or revalidate EGMs.
    Drawback and IGST refunds are delayed by EGM defects: SB002 (EGM not filed) and SB006 (gateway EGM missing) require exporters to get shipping lines/agents to file or supplement EGMs or seek revalidation from Exports/Drawback/IGST; SB005 (invoice number mismatch) often arises from data entry or dual invoice practices and may only be corrected by amending GSTR 1 where applicable, otherwise exporters must furnish assessed shipping bill, customs invoice, GST/tax invoice, GSTR 1, GSTR 3B and a transaction statement to the DBK & IGST section; stakeholders should monitor ICEGATE and act on Annexures listing affected shipping bills.

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      CLARIFICATION ON QUERIES OF PROSPECTIVE INVESTORS/ STAKEHOLDERS ON FDI POLICY FOR MULTI-BRAND RETAIL TRADING

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      FDI conditions for multi-brand retail require dedicated back-end greenfield investment and company owned front-end stores, and restrict e commerce.
      FDI in multi brand retail requires 30% sourcing of manufactured or processed goods from small industries (Plant & Machinery investment cap USD 1 million), ... Summary

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      ActsIncome Tax