Write-off of irrecoverable customs arrears is governed through designated committees, defined authority limits, reporting, and prescribed recovery procedures.
Write-off of irrecoverable customs arrears is assigned to designated committees for the respective commissionerates. The committees have full authority to abandon irrecoverable fines and penalties and may write off irrecoverable customs duty up to Rs. 10 lakhs per case, subject to reporting to the next higher authority. Once duty or tax is written off, the associated interest is automatically written off. Proposals must follow the applicable Master Circular on Recovery and Write-Off of Arrears of Revenue and use the prescribed proforma.

Distributor remuneration: SEBI removes prescribed transaction charges requirement, allowing AMCs to remunerate distributors at their discretion.
The circular deletes the Master Circular provisions prescribing transaction charges and the minimum subscription condition for distributor remuneration, allowing AMCs discretion to remunerate distributors; the deletions take immediate effect and the measure is issued under SEBI's regulatory powers to protect investors and regulate the securities market.

Conversion framework for private listed InvITs aligned with follow-on offer requirements and sponsor unitholding and lock-in obligations.
The circular revises the conversion framework so sponsor(s) and sponsor group(s) must maintain the minimum unitholding specified in Regulation 12(3) and 12(3A) at all times and the lock-in shall follow Regulation 12(5). It also aligns procedure and disclosure for the public issue converting a private listed InvIT with follow-on offer requirements under the InvIT Regulations, substituting terminology and requiring compliance with follow-on offer disclosures and procedures.

Joint annual inspection regime for multi-registered market entities to streamline oversight and enable shared enforcement action.
SEBI mandates a joint annual inspection regime where entities with multiple MII registrations are inspected jointly by all relevant MIIs, with Depositories and Clearing Corporations handling DP and clearing activities respectively, and one MII designated as Lead MII to initiate enforcement action. MIIs must establish an information sharing mechanism, adopt a joint SOP detailing inspection criteria and procedures, retain the ability to conduct special purpose inspections based on triggers, and revise bylaws and rules for implementation.

Customs refund automation requires online ICEGATE filing, with manual applications permitted only through recorded written approval.
Customs duty refund applications and disbursals are to be processed electronically through the Customs Automated System. Importers, exporters, customs brokers and other concerned persons must file future refund claims through the ICEGATE portal. Manual refund applications will not be accepted unless the Principal Commissioner or Commissioner of Customs permits manual filing for reasons recorded in writing.

Central Public Information Officer appointment for Customs RTI administration under a public notice, with fallback appellate roles designated.
Appointment of Central Public Information Officer under the Right to Information Act, 2005 for Customs information relating to the Commissioner (Export), New Customs House, Mumbai. Shri Alok Kumar, Assistant Commissioner, Customs (Export), is appointed as the CPIO, with office address and contact details specified for the relevant jurisdiction. In his absence, designated officers are assigned the connected roles of Public Information Officer, First Appellate Authority, and Second Appellate Authority.

Authorised Officers under FSS Act notified at additional food import entry points, expanding roster for import clearance until further orders.
Notification designates authorised officers for food import clearance under Section 25 read with Section 47(5) of the Food Safety and Standards Act, 2006 and Regulation 13(1) of the FSS (Imports) Regulations, 2017, updating and consolidating the roster of authorised officers at Points of Entry to include six additional ports and producing an annexed list of 165 Points of Entry with specified officer categories for import clearance until further orders.

Review, appeal or waiver of penalty procedures updated: member committee and governing board mechanisms govern appeals and escalations.
Requests for review, appeal or waiver of penalty against actions by an MII's Internal Committee must be placed before the Member Committee; requests against actions of the Member Committee shall be handled by a mechanism established by the Governing Board with Public Interest Directors and/or Independent External Professionals not part of the MC, pursuant to a Governing Board issued Standard Operating Procedure, with further appeal available to appropriate authorities under applicable law.

RoDTEP claim amendment: exporters may seek post-EGM correction to obtain retrospective tariff-alignment benefits.
Exporters who filed shipping bills before the Customs Automated System updated retrospective RoDTEP rates may request a Post-EGM Amendment to change the RoDTEP claim flag from "N" to "Y" for specified tariff items; such requests will be processed pursuant to the established customs processing advisories and the local public notice directing officers to treat this as a standing order.

Special Rupee Vostro Accounts allowed without prior approval, enabling AD banks to open SRVAs with immediate effect.
Authorised Dealer Category I banks may open Special Rupee Vostro Accounts (SRVAs) of overseas correspondent banks without referring the matter to the Reserve Bank, with immediate effect; AD banks must inform their constituents. These directions are issued under FEMA sections 10(4) and 11(1) and are without prejudice to permissions or approvals required under other laws.

Simplification of air cargo movement: transshipment permit fees removed and streamlined ULD temporary import procedures clarified.
Removal of the Transshipment Permit fee amends transshipment regulations and aligns temporary import/movement of Unit Load Devices with container procedures. Air carriers/console agents may temporarily import ULDs on execution of a Continuity Bond, must record Unique Identity Numbers for tracking devices/data loggers, comply with aircraft and airport security guidelines, and bear responsibility for proof of export. The exemption for temporary import does not extend to un affixed tracking devices, and non carrier temporary imports remain governed by prior Board circulars. Use of the All India National Transhipment Bond and ICEGATE filing is encouraged; ULDs may be treated on "said to contain" basis during transhipment.

Merger of Postal Appraising Departments: postal imports and exports now to be cleared through Airport Commissionerate under unified FPO.
The Sea-PAD/FPO has been merged into the Air-PAD/FPO, creating a unified Foreign Post Office under the Airport Commissionerate (Chennai-1). Effective 4.08.2025, all postal import and export consignments formerly cleared by Sea-PAD (Import Commissionerate) will be cleared by Air-PAD (Airport Commissionerate) operating from Meenambakkam. Stakeholders must direct all postal clearance correspondence and queries to the Postal Appraising Department at the Foreign Post Building, Meenambakkam, with the provided email and contact for assistance.

Extension and conversion of SEZ approvals: LoA extensions, co developer approvals, de notifications and NPA demarcations effected.
The Board granted time limited extensions of Letters of Approval and In Principle/Formal approvals, approved Co Developer statuses subject to compliance with Rule 11A(3)(c) and standard SEZ conditions, authorised specified partial and full de notifications and cancellations of LoAs, permitted demarcation of defined built up Processing Area floors as Non Processing Area under Rule 11B, approved limited miscellaneous permissions (including conditional import of used cooking oil for biodiesel and conditional broad banding of jewellery items), and deferred listed appeals to the next meeting.

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.

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.

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.

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.

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.

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.

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.