Air transshipment bonds enable nationwide cargo movement, while ICEGATE adds electronic filing for Air-to-Air and Air-to-ICD transshipment messages.
Air transshipment of imported goods may be covered by the TA (Transshipment Air Global) bond for Air-to-Air and Air-to-ICD movements. Registered at any Air Customs port, the TA bond may be used at other Air Customs EDI ports. The local TP transshipment bond remains available for carriers and airlines that prefer local bonds. Registered users may file Air Transshipment EDI messages through email or web upload on ICEGATE, while Service Centre filing continues unchanged.

Air transhipment: new All India TA bond and ICEGATE ATP message filing enabled for air-to-air and air-to-ICD.
A new nationwide TA (Transhipment Air Global) bond is implemented in ICES for air-to-air and air-to-ICD transhipments, registerable at any Air Customs port and usable across Air Customs EDI ports; the bond/BG is debited on TP approval at the gateway and recredited on Gate In at destination. The pre-existing local TP/IP bond remains optional. ICEGATE now accepts Air Transhipment (ATP) messages (CTM and TP, fresh and cancellations) via SMTP or web upload, with specified message formats and a new Bond Port field for TP requests.

Bonus share issuance to non-resident shareholders permitted where shareholding proportions remain unchanged under FDI restrictions.
An Indian company engaged in a sector prohibited for FDI may issue bonus shares to pre-existing non-resident shareholder(s) provided that the shareholding pattern of the pre-existing non-resident shareholder(s) does not change as a consequence of the issuance. Issuance must comply with applicable laws, rules, regulations and guidelines and the clarification will be effective from the date of the relevant FEMA notifications.

Validity period for prior permission under FCRA set for receiving and utilisation with extensions and penalties for violations.
The Central Government prescribes that prior permission to accept foreign contribution is valid to receive funds for three years and to utilise funds for four years from approval; for prior approvals with remaining periods exceeding three years these limits are reckoned from the date of this order. The competent authority may allow case-by-case extensions, and any receipt or utilisation beyond prescribed or extended periods constitutes a violation under the FCRA, 2010.

GST rate and goods-classification clarifications receive uniform application under the Tamil Nadu GST framework through mutatis mutandis adoption.
GST rate and goods-classification clarifications issued following the GST Council's 55th meeting are adopted, mutatis mutandis, for implementation under the Tamil Nadu Goods and Services Tax Act, 2017. The measure seeks uniform application of clarificatory guidance concerning GST rates and classification of goods within Tamil Nadu.

Late fee for delayed GSTR-9C filing is clarified through corresponding application under the State GST framework.
Applicability of late fee for delayed furnishing of FORM GSTR-9C is clarified for implementation under the Tamil Nadu Goods and Services Tax Act, 2017. The corresponding central GST clarification is adopted mutatis mutandis for State GST purposes, with necessary modifications, to maintain uniformity in administration. The measure is clarificatory in nature and addresses late fee consequences arising from delay in furnishing FORM GSTR-9C.

GST applicability clarifications for certain services apply mutatis mutandis under the State GST statutory framework.
Clarifications on the applicability of GST to certain services are adopted for uniform implementation under the Tamil Nadu Goods and Services Tax Act, 2017. The Central guidance is clarificatory in nature and applies mutatis mutandis within the State GST framework to support consistent administration of GST treatment for the relevant services.

Specified-premises classification determines restaurant and catering GST treatment through prior-year accommodation values and binding premises-level declarations.
Specified premises are classified from 1 April 2025 by the preceding financial year's hotel-accommodation transaction value or by a premises-specific opt-in declaration. Restaurant services at specified premises attract GST at 18% with input tax credit; those outside attract GST at 5% without input tax credit. Registered suppliers may opt in or opt out through prescribed declarations, while registration applicants may declare new premises within the stipulated period after registration acknowledgement. Classification remains fixed for the financial year, declarations generally continue until opt-out, and separate declarations are required for each premises.

Classification of Interactive Flat Panel Displays: IFPDs attract higher basic customs duty while other monitors retain lower rate.
BCD on IFPDs was raised while other monitors retained a lower BCD and an IGCR anti circumvention condition was removed; both IFPDs and other monitors are classifiable under tariff item 85285900. Technical criteria (touch capability, screen size, resolution, interactivity, built in software/speakers, power characteristics) are provided to distinguish IFPDs from other monitors. Parts of IFPDs, including touch glass sheets and touch sensor PCBs, are to be classified under the HS heading for parts of video monitors and attract the lower duty rate applicable to such parts.

Pecuniary limits for adjudication under section 74A set, assigning officer-wise authority for GST notices and orders.
Implementation of Section 74A prescribes officer-wise pecuniary limits for issuance of show cause notices and adjudication orders where tax is not paid, short-paid, erroneously refunded or input tax credit wrongly availed or utilised, excluding penalty and interest from the monetary calculation; cross-references are amended to incorporate the new sub clauses and the circular is effective immediately.

Standardized System and Network Audit Format required for market infrastructure institutions to harmonize audit reporting and unique observation IDs.
Standardizes the format for System and Network audits of Market Infrastructure Institutions by prescribing a uniform audit-report template covering auditee/auditor details, audit scope and methodology, IT-environment overview, control-wise compliance matrices, regulatory-requirements checks for IT resilience, corrective-action reporting and documentation paths. Mandates assignment and use of a prescribed unique observation ID for each finding to enable traceability and consistent open-observation reporting across MIIs, and requires MIIs to implement systems and amend rules as necessary for applicability to the relevant audit period.

PaRRVA verification framework enables use of independently verified risk return metrics in regulated claims following prescribed standards.
The circular creates a regulatory framework recognising certain Credit Rating Agencies as PaRRVA and specified Stock Exchanges as PaRRVA Data Centres (PDCs), prescribing eligibility criteria, a two stage recognition process with implementation and site visit conditions, and clear principal-agent roles where PaRRVA defines methodology and retains responsibility while PDCs host and process verification systems and data. It mandates record retention, presentation guidelines and disclaimers for verified risk return metrics, establishes an Oversight Committee for governance and audits, and enables amendments allowing regulated persons to use PaRRVA verified metrics in claims subject to SEBI standards and enforcement.

Safe custody procedures for detained or seized cargo require immediate notification, seal integrity, and strict reporting compliance.
Directs procedures for the safe custody and handling of detained, seized, or confiscated import/export cargo and for inspection of unclaimed, uncleared, or abandoned cargo at ICD/CFS premises. Custodians must immediately notify Customs officers and the Deputy/Assistant Commissioner (ICD/CFS) of any detention, seizure or confiscation, maintain custody and seal integrity, and submit monthly reports to the Deputy/Assistant Commissioner (SIIB) for onward reporting to the Additional/Joint Commissioner (SIIB). Containers seized by SIIB shall not be opened without SIIB presence; actions on unclaimed or abandoned cargo must follow the cited CBIC circular and Section 48 of the Customs Act.

Customs bonded warehouse digitization enables online licensing, transfers and monthly returns via the ICEGATE Warehouse Module.
The ICEGATE Warehouse Module enables online application and backend processing for Customs bonded warehouse licences (with port code selection INNML1/INKRW1/INIXE4/INIXE1), supports three transfer scenarios (change of ownership; change of warehouse; both), validates itemised into bond Bill of Entry data, and automates debits/credits of triple duty and transshipment bonds upon officer approval; web forms replace PDF monthly returns and security under Section 59(3) must be furnished at the port of import.

SCOMET applicability clarified: Polyethylene Glycol exempt from SCOMET export authorization; authorities urged to ensure compliance.
SCOMET does not apply to Polyethylene Glycol CAS No. 25322-68-3 under existing export policy and no SCOMET export authorization is required, as clarified by DGFT in its Office Memorandum dated 27.03.2025; CBIC instructs customs officers to sensitize staff for strict compliance and to report any difficulties to the Board.

Export entry conversion now requires approval for sensitive amendments and may reverse previously availed export benefits under instrument-based schemes.
Post export conversion establishes electronic processing for amendments and provisional export assessment, limits changes to specified shipping bill fields to approval by additional or joint commissioners (or principal commissioners in conversions), and conditions amendments on reversal of any previously availed benefits. The Regulations supersede earlier rules, extend coverage to all export entry types including entries under Section 84, enable conversion of drawback entries into instrument based schemes, prescribe a uniform conversion time limit measured from clearance or the Regulations' commencement, and require DG Systems guidance and trade publicity.

Bank authorisations to import gold and silver updated, specifying which banks may import both metals for FY 2025-26.
The Director General of Foreign Trade amends Appendix 4B of the Handbook of Procedures, 2023 to list banks authorised by the Reserve Bank of India to import precious metals for FY 2025-26, effective 01.04.2025 to 31.03.2026: thirteen banks are authorised to import both gold and silver, and two banks are authorised to import only gold; the Public Notice updates the authorised-bank roster under Appendix 4B.

FPI investment limits updated: percentage caps on government, state and corporate debt and CDS notional sale caps.
FPI investment limits for 2025-26 retain existing percentage caps on outstanding stocks for government securities, state government securities and corporate bonds; all eligible investments in specified securities are to be reckoned under the Fully Accessible Route. Allocation between General and Long term sub categories for G Secs remains 50:50; the absolute increase for SGSs is assigned to the General sub category. Revised absolute limits for two half year periods and an additional aggregate cap on CDS notional sales by FPIs are notified.

Advance fee limits expanded for advisers and analysts permitting annual advance fees with client consent.
SEBI permits Investment Advisers and Research Analysts to charge advance fees up to one year if agreed by the client, while fee controls (limits, payment modes, refunds, breakage and advance-fee rules) remain applicable only to individual and HUF clients who are not accredited investors. For non-individual clients, accredited investors, and institutional proxy-advice clients, fee terms are to be governed by bilaterally negotiated contracts. The circular is effective immediately and must be communicated to registered IAs and RAs.

Determination of unpaid tax and credit adjustments now assigned to proper officers under amended state GST circular.
A new Section 74A dealing with determination of tax not paid or short paid, erroneous refunds, and wrongly availed or utilised input tax credit (for Financial Year 2024-25 onwards) has been inserted. The Commissioner amended the delegation in Circular No. 5/2023 by inserting an entry for Section 74A as Sl. No. 5A in TABLE-1, thereby assigning functions under Section 74A to departmental officers; the amendment takes effect immediately.