NOC validity extension for imported alcoholic beverages grants one-year validity and permits re-validation via visual inspection.
Extension of the validity of the import NOC for alcoholic beverages bottled in origin and in bulk is prescribed to be 365 days where the consignment contains more than ten percent alcohol and no expiry date is present; consignments beyond that period in ports' Customs areas may be re-validated through visual inspection on payment of the visual inspection fee.

Import policy change: colloidal and precious metal compounds moved from free to restricted, effective immediately.
Import policy for colloidal precious metals and related precious metal compounds under Chapter 28 (CTH 2843) is amended: specified ITC(HS) subheadings previously "Free" are now designated "Restricted". The amendment lists colloidal gold and silver, silver and gold compounds, noble metal solutions, specified thiosulphates and amalgams, and takes effect immediately. Customs officers are to sensitize staff and report implementation difficulties to the Board, with administrative action required to enforce the new restricted import regime.

Commercial venue leasing for exhibitions attracts GST, while organisers must meet casual taxable person registration and compliance requirements.
Short-term leasing of hotel, convention-centre or similar premises to exhibition and sales-event organisers is taxable as leasing of non-residential immovable property for business or commerce, not as accommodation or banquet services. Owners must invoice and disclose rental receipts correctly. Organisers operating occasionally where they lack a fixed place of business must obtain compulsory Casual Taxable Person registration, pay estimated tax in advance, issue invoices and file prescribed returns. Input tax credit on rent and qualifying event inputs remains subject to normal eligibility conditions.

Import Policy: restriction on precious metal alloys with elevated gold content now requires licensing and customs control.
The Import Policy for ITC(HS) codes 71102100, 71102900, 71103100, 71103900, 71104100 and 71104900 is Free, except that imports of Palladium, Rhodium and Iridium alloys containing gold in excess of one percent by weight are classified as Restricted. The amendment, effected by Notification No. 18/2025-26 under the Foreign Trade (Development & Regulation) Act, 1992 and incorporated into Schedule I (Chapter 71) of ITC (HS) 2022, is immediately effective and requires customs authorities to implement and report difficulties to the Board.

ICETAB use for export examinations streamlines clearance, eliminating paper documentation and mandating digital reports with image uploads.
ICETAB is to be used for exports examination and clearance, enabling officers to view Shipping Bills, examination orders, RMS instructions and supporting documents electronically and eliminating the need for paper documents. Examining officers must enter examination reports on ICETAB and may upload four cargo images, which will be stored in the e-sanchit repository. DG Systems will issue a detailed advisory; exigent departures require prior Assistant Commissioner permission recorded in the system, and Commissioners must review and resolve operational issues weekly in coordination with DG Systems.

Export authorization for pharma grade sugar requires drug manufacturing license and NABL test certification before shipment.
Export of Pharma Grade Sugar is permitted under a Restricted Export Authorization contingent on submission of a valid drug manufacturing licence at application and NABL-accredited laboratory test reports certifying compliance with pharma specifications at the time of export. A one-time quota for the season will be allocated on a pro-rata basis based on production capacity. Applications must be submitted online via DGFT's ECOM system within the prescribed window, one application per IEC, and exporters must be PHARMEXIL members with a valid RCMC. Deficient or late applications will be rejected.

Steel imports must meet mapped Indian Standards and register on SIMS for B/Ls dated on or after 16 June 2025.
Requires import consignments of steel and steel products to comply with the Indian Standards mapped to those products and to the corresponding input materials under the QCO; the mapping is enclosed and the requirement, including mandatory SIMS portal registration where applicable, applies to imports with Bills of Lading dated on or after 16 June 2025.

Stock brokers: SEBI master circular updates registration, supervision, client fund safeguards, system audits and QSB obligations.
SEBI issues an updated Master Circular for Stock Brokers consolidating prior circulars to June 10, 2025, superseding the August 09, 2024 master circular and rescinding specified prior circulars while preserving prior actions and liabilities. It prescribes registration and membership rules (including LLP admission and single registration), risk based inspections, half yearly internal audits and system audit regimes with web based monitoring, G Principle monitoring of client funds, an Early Warning Mechanism for diversion of client securities, and enhanced obligations for Qualified Stock Brokers covering governance, cyber security, business continuity and investor services.

Empanelment of chartered engineers: listed experts must be used for inspections; noncompliance risks suspension and penalties.
Empanelment is confirmed for specified chartered engineers for inspection and valuation of second hand machinery/goods; importers and brokers must use only these empanelled engineers, pay their service fees, and ensure inspections are conducted by the empanelled engineer after prior permission. Engineers must submit prescribed half yearly appraisals; submission of incorrect information or valuation may lead to suspension or cancellation from the panel and attract penal provisions under the Customs Act. Public Notice No. 217/2022 is superseded.

Information sharing under section 138(1)(a): tax systems to flag return filing status and income threshold to petroleum ministry.
Director General of Income-tax (Systems), New Delhi is designated to provide Aadhaar or PAN-based responses to the Ministry of Petroleum & Natural Gas: if PAN is provided or Aadhaar is linked to PAN, DGIT will flag return filing status and whether income exceeds the threshold; if Aadhaar lacks PAN linkage, DGIT will report that information cannot be made available due to absence of PAN-Aadhaar linkage. Operational details, confidentiality, mode and frequency of data exchange, and timelines will be set out in a modified Memorandum of Understanding.

Independent filing of e Form CSR 2 permitted after MCA21 migration, with a temporary window for submissions on the V3 portal.
An amendment permitting independent filing of e Form CSR 2 and notification of V3 e Forms link CSR 2 to AOC 4 filings; with MCA21 V2 decommissioned, stakeholders holding V2 SRNs for AOC 4/AOC 4(XBRL)/AOC 4 (NBFC) may file CSR 2 separately on the V3 portal within a specified temporary window authorised by the competent authority.

Fee relaxation for specified corporate e form filings permits submissions without additional charges during MCA21 system transition.
Ministry permits filing of specified corporate e-forms without levy of additional fees where the due date or resubmission date falls within the transition window for migration of MCA21 from V2 to V3; the concession is a one-time administrative measure applicable to enumerated annual, financial statement, auditor, cost auditor, AGM-related and prospectus-related e-forms and is subject to the temporal boundaries prescribed by the Ministry.

Source from India rollout: Status Holder exporters can create approved public micropages on Trade Connect to showcase products.
Source from India on the Trade Connect ePlatform is now available to all Status Holder exporters with valid IECs not in DEL to create publicly visible micropages listing products and credentials after approval; the service will be broadened to other IEC holders later. Indian Missions are instructed to use the platform for sourcing, and Export Promotion Councils and industry associations must inform and encourage eligible members. Registration requires a Trade Connect account linked to an eligible IEC, following prescribed steps including IEC linking and digital signing.

SEZ approval decisions cover co-developer status, area reclassification, new SEZs, industrial licensing, and appeal outcomes across multiple units.
The Board dealt with extension of LoA, co-developer approvals, conversion of processing area into non-processing area, new SEZ approvals, industrial licensing, restricted-item permissions, and appeals under the SEZ framework. It approved co-development and area changes subject to the SEZ Act and Rules, examined taxability of lease-related receipts, and granted formal approval for new SEZs, including an electronics components SEZ and a multi-product semiconductor SEZ with relaxation from the encumbrance-free land condition. On appeals, it upheld cancellation where IEC misuse, misdeclaration, and unauthorized imports were established, while in other cases it reinstated LoA, condoned delay, or upheld withdrawal of sensitive warehousing permissions.

Mandatory virtual personal hearings required in GST proceedings; physical appearance dispensed with and records to be digitally authenticated.
Personal hearings under the Delhi GST Act, 2017 shall be mandatorily conducted in virtual mode, with no requirement for physical appearance. Authorities must notify date, time and conferencing link in advance and provide assisting staff contact details. Taxpayers/representatives must submit authorization (vakalatnama) and photo ID in advance and be prepared with requisite applications and connectivity. Submissions are to be captured as a signed "Record of Personal Hearing" on the online module and shared by email; scanned self-attested documents may be emailed before hearings and physical documents submitted when required. Exceptions for in-person hearings require recorded approval.

Compulsory scrutiny selection: designated case categories require centralised selection, NaFAC notice service, and transfer to central charges.
Guidelines set six parameters for compulsory selection of returns for Complete Scrutiny in FY 2025-26, covering survey-related cases, two bands of search-and-seizure/requisition cases, revoked or denied registration/approval with ITR-7 exemption claims, recurring additions in prior years made final or upheld for revenue, and cases based on specific intelligence of tax-evasion. Selection requires administrative approvals, centralised selection by the Systems Directorate in specified parameters, service of assessment notices through jurisdictional officers or NaFAC as directed, mandatory upload of underlying documents, and prompt transfer of cases to Central Charges where required.

Voucher transactions not treated as supply under GST; tax applies on redemption, commissions and ancillary services taxed.
Vouchers themselves are not a supply under GST: where covered as pre paid instruments recognised by the central bank they constitute money and are excluded from supply; where not so covered they qualify as actionable claims and similarly are not treated as supply. GST applies on the underlying goods or services upon redemption. Distribution is GST neutral if conducted on a principal to principal trading basis, whereas commissions or fees paid to agents/distributors acting for the issuer are taxable as services. Ancillary services to the issuer are taxable, while breakage from unredeemed vouchers is not taxable absent any agreement creating consideration.

Place of supply of online services: suppliers must record recipient state and treat recipient location as place of supply.
Suppliers of online/digital services to unregistered recipients must mandatorily record the recipient's State on the tax invoice irrespective of value; that State is deemed the address on record and the place of supply is the recipient's location under section 12(2)(b)(i) of the IGST Act. The proviso to rule 46(f) of the CGST Rules applies to online money gaming, OIDAR services and all services supplied over digital networks directly or through electronic commerce operators. Suppliers must collect State details before supply, report recipient location in outward returns, and face penalties for non compliance.

Deemed receipt of goods: EXW delivery to transporter enables claiming input tax credit, subject to other ITC conditions.
Delivery under an Ex Works contract to a transporter at the supplier's premises, where property in the goods passes to the recipient and transport or insurance is arranged on the recipient's behalf, is deemed to be receipt by the recipient for purposes of claiming input tax credit under the Explanation to clause (b) of the eligibility provisions; ITC so claimed remains subject to all other statutory conditions and disallowance rules if goods are diverted or lost/destroyed or otherwise disposed of.

Scope for filing revision: examine tribunal orders for erroneous decisions or undetermined questions of law and prepare reasoned remarks.
Assessing and intelligence officers must scrutinize appellate Tribunal orders prejudicial to revenue for erroneous decisions or failure to decide a question of law, prepare fact based, reasoned remarks supported by statutory analysis and legal opinion where necessary, and submit those remarks for second level verification to the District Joint Commissioner or Joint Commissioner (Intelligence & Enforcement) before transmission to the Joint Commissioner (Law); Joint Commissioners must ensure sufficiency of remarks and, if revision is approved, monitor filing and progress before the High Court.