Advance remittance for import of shipping vessels allowed without bank guarantee, subject to MD Imports conditions and compliance.
Importers of shipping vessels may make advance remittance without a bank guarantee or an unconditional, irrevocable standby Letter of Credit, subject to the conditions set out in para C.1.3.3 of the Master Direction - Import of Goods and Services (MD Imports), and within the monetary ceiling specified in the circular.

Cancellation of AA and EPCG bonds requires specified documents, EDI verification, and strict 10/30 day processing timelines.
Procedure for cancellation of AA and EPCG bonds requires submission of specified self attested documents (EODC/Redemption Letter, ANF certified by Chartered Accountant, installation certificate where applicable, and authorization/license with condition sheet). Officers must verify records via ICES/ADVAIT and resolve any non reflecting EODC with issuing authorities or DG Systems. Processing timelines require return of bond/security within 10 days where no checks are needed and within 30 days in other non investigative cases, with bond cancellation in EDI preceding email communication to the authorisation holder and bank. EPM section must perform monthly 5% random verifications and maintain reports.

Product Advisory Committee meeting frequency revised: exchanges to convene PACs twice yearly, agricultural PACs at least annually.
SEBI requires Product Advisory Committees for each commodity group to meet at least twice a year, while PACs for agricultural commodities shall meet at least once a year. The revision to the Master Circular on Commodity Derivatives is effective immediately, and stock exchanges must notify members and disseminate the change on their websites. The circular is issued under Section 11(1) of the SEBI Act for investor protection and market regulation.

InvITs must publish an Investor Charter and monthly complaint disclosures, comply with reporting timelines and grievance processes.
SEBI mandates an Investor Charter for InvITs requiring BIA and InvITs to prominently disseminate and periodically update the Charter; registered InvITs must disclose monthly complaint data and redressal status on their websites by the 7th of the succeeding month using the Annexure-B format, comply with specified governance, reporting, valuation and distribution obligations, adhere to borrowing thresholds with unit-holder approval and credit-rating conditions where applicable, and implement prescribed grievance redressal procedures including escalation to SCORES and ODR.

Investor Charter for REITs requires publication of grievance data and strict timelines for disclosures and investor services.
SEBI mandates an Investor Charter for REITs requiring IRA and all registered REITs to publish and display the Charter, communicate it to investors, and review it periodically. REITs must disclose quarterly and annual complaint data and trends on their websites in the Annexure-B format, updating such data by the 7th of the succeeding month. The Charter prescribes investor service timelines, reporting obligations, a grievance escalation path including SCORES and SMART ODR, and assigns monitoring and facilitation duties to the IRA. The circular is effective immediately.

Transit procedure for Bhutan bound urgent consignments: sea cargo may be moved via Kolkata air cargo under sealed preventive escort and transshipment rules.
Bhutan bound small and urgent non containerized consignments (including medicines, medical and scientific equipment and personal effects) arriving by sea may be sealed after percentage check by the Superintendent of Customs at Docks/CFS and transported under preventive escort to NSCBI Airport, Kolkata for transshipment. At the Air Cargo Complex the preventive officer will hand over sealed cargo to the transshipment officer after seal verification; labeling/relabeling and deposit in the Transshipment Shed by IFO/EFO follow. Carriers must submit transshipment applications with invoice, packing list, MAWB and LOG (CTM by airlines treated as application) for approval by the Deputy/Assistant Commissioner (Transshipment); the Superintendent (Transshipment) authorizes release and export, and the Air Manifest (EGM) is recorded on the LOG for reconciliation by the Nepal Bhutan Unit.

Deselection from audit under section 65 removes certain registered persons from audit for the specified assessment periods.
De-selection has been ordered for eight registered persons previously chosen for audit under section 65 of the West Bengal GST Act for the assessment periods running between 1 April 2021-31 March 2022 and 1 April 2022-31 March 2023. The Commissioner records that audit is unnecessary for these taxpayers for the stated periods due to specified reasons, principally cancellation of registration ab initio and referral of matters to the National Company Law Tribunal. The order takes immediate effect.

SCOMET applicability clarifications consolidated; officials must use the repository and individually verify item coverage and end use.
A consolidated repository of SCOMET applicability clarifications is available on the CBIC website and will be periodically updated. These clarifications are for reference only; each item must be examined individually by specification and end use to determine SCOMET coverage. Officers should be sensitized for strict compliance with export policy conditions and report difficulties to the Board.

Amendment to Appendix 2T renames the sports export council and updates contact details for RCMC issuance.
Amendment to Appendix 2T revises the agency entry by renaming The Sports Goods Export Promotion Council as Sports Goods & Toys Export Promotion Council and updating its registered office address, telephone, email and website; the amendment applies immediately for issuance of Registration cum Membership Certificates under the Foreign Trade Policy 2023.

Agency authorisation amended: name and contact details updated for Certificate of Origin (Non Preferential) issuance under FTP.
The Director General of Foreign Trade, exercising powers under paragraph 2.04 of the Foreign Trade Policy 2023, has amended the enlistment particulars of an agency under Appendix 2E by substituting the name "The Sports Goods Export Promotion Council" with "Sports Goods & Toys Export Promotion Council" and updating its address, telephone, email and website; the amendment pertains to the agency's authority to issue Certificate of Origin (Non Preferential) and takes immediate effect.

SEBI-registered intermediaries must adopt standardized validated UPI IDs with @valid handles for investor payments and QR verification.
SEBI requires investor-facing intermediaries to obtain standardised, validated UPI IDs comprising a Username with a prescribed category suffix and an NPCI-allocated @valid handle tied to self-certified syndicate banks. Usernames must be created via SEBI's utility, banks allocate handles after due diligence, and intermediaries must publish QR codes showing a white thumbs-up in a green triangle. The @valid handles are exclusively for merchant category code 6211 payment collection, transaction limits follow NPCI caps, and the framework includes a "SEBI Check" tool for investor verification; availability for investors begins October 1, 2025.

Standard Input Output Norms update: new SION notifies input entitlement for export of sodium citrate.
Notification under paragraph 1.03 of the Foreign Trade Policy 2023 establishes new Standard Input Output Norms entry A-3686 for the Chemical and Allied Product group, specifying citric acid monohydrate as the corresponding input for the export product sodium citrate and thereby creating a formal SION entry to govern input entitlement for export transactions.

Processing of delayed income tax returns: intimations to be issued by board, excluding scrutiny and taxpayer caused delays.
Board relaxes the proviso to assessment processing timelines for electronically filed valid returns under filing provisions for AY 2023 24 whose intimation period had lapsed, directing processing and issuance of intimations by 30.11.2025. Exclusions cover returns selected for scrutiny and returns unprocessed due to assessee attributable reasons. Refunds will not be made where PAN and Aadhaar are not linked, per the circular on PAN Aadhaar linkage and refund conditions.

Document Identification Number (DIN) requirement relaxed where verifiable Reference Number (RFN) on common portal suffices.
Quoting of Document Identification Number (DIN) is not required on communications issued through the GST common portal that bear a verifiable Reference Number (RFN), since the RFN is electronically verifiable and provides requisite document metadata; earlier Board circulars mandating DIN are modified to that extent and such RFN-bearing portal communications are to be treated as valid electronic communications without DIN.

Customs notice upload compliance requires mandatory website publication of SCNs and Orders-in-Original through the EDI process.
All Show Cause cum Demand Notices and Orders-in-Original issued by authorities at JNCH from 1 June 2025 onwards must be compulsorily uploaded on the JNCH website. Copies of such SCNs and Orders-in-Original are to be forwarded to the EDI Section by email along with an Excel file containing the prescribed details, including the notice or order number, date and party name. Difficulties in implementation are to be reported to the Joint Commissioner of Customs, EDI.

Extension of additional liquidation period for migrating VCFs grants more time for unwinding pre-migration schemes under AIF rules.
Extension of the additional liquidation period for VCFs migrating to the AIF Regulations is granted until July 19, 2026 for schemes whose liquidation period has expired but remain unwound; all other migration conditions from the August 19, 2024 circular remain unchanged, and the last date to apply for migration to SEBI remains as previously specified. The extension is effective immediately under SEBI's regulatory powers to oversee AIF migration and protect investor interests.

EPCG and Advance Authorization bond closure requires listed documents and email to expedite bank guarantee return and avoid deficiencies.
Authorization Holders seeking closure of bonds and return of Bank Guarantees under EPCG must submit self attested copies of: Export Obligation Discharge Certificate/Redemption Letter, ANF 5B certified by a Chartered Accountant, Installation Certificate by a Chartered Engineer or jurisdictional Customs authority, and the Authorization with Condition Sheet. For Advance Authorization, submit Export Obligation Discharge Certificate/Redemption Letter, ANF 4F certified by a Chartered Accountant, and the Authorization with Condition Sheet. Provide an email address for electronic communication of closure or deficiencies.

Taxpayer data sharing for beneficiary identification: tax authority to flag return filing status and income threshold to the State.
Direction designates the Director General of Income tax (Systems) to furnish taxpayer information to Maharashtra by receiving Aadhaar or PAN with Assessment Years and replying with a "Yes/No/Not Available" flag on return filing status and threshold income; where Aadhaar lacks PAN linkage, the DGIT (Systems) will report that information cannot be provided due to absence of PAN Aadhaar linkage. The DGIT (Systems) will determine frequency and mode of exchange in consultation with the State and must conclude an MoU addressing data transfer, confidentiality, preservation, weeding, and timelines, with a copy of the MoU sent for record.

ESG debt securities framework requires labelled social, sustainability, and linked bonds to meet disclosure, tracking and independent review obligations.
Framework prescribes conditions for issuance and listing of labelled ESG debt securities (social bonds, sustainability bonds, sustainability-linked bonds) requiring that proceeds fund projects aligned with recognised standards; social and sustainability bonds must meet specified initial and continuous disclosures, tracking and external auditor verification; sustainability-linked bonds must link financial/structural terms to predefined KPIs and SPTs with ongoing KPI reporting; issuers must mitigate purpose-washing and appoint independent third-party reviewers with defined scope and independence.

Relaxation of Regulation 58(1)(b) compliance permits web-link disclosure in advertisement instead of hard copies for non-convertible securities.
SEBI provides a conditional relaxation from the hard copy requirement under Regulation 58(1)(b) of the LODR Regulations for issuers of listed non convertible debt securities who complied with MCA General Circular No.09/2024; no penal action will be taken for non dispatch between October 01, 2024 and June 05, 2025. For June 06, 2025 to September 30, 2025, similar relief is granted provided the issuer's advertisement under Regulation 52(8) discloses a web link to the statement of salient features mandated by Section 136 of the Companies Act, 2013.