Clearance without mandatory warehousing - goods shipped before authorisation may be cleared against a later authorisation before customs clearance.
Para 2.12 permits goods imported, shipped or arrived before issuance of an Authorisation to be cleared for home consumption against a subsequently issued Authorisation without mandatory warehousing, provided the Authorisation is obtained before customs clearance. The facility is not available for restricted items or items traded through state trading enterprises unless specifically allowed by DGFT.

Acceptance of electronic Certificate of Origin enables preferential tariff claims when e CoO meets prescribed format and verification.
Electronic Certificate of Origin issued by the Mauritius Issuing Authority is accepted for preferential tariff treatment under India Mauritius CECPA if issued in the prescribed format with authorised seal and signatures and meeting Notification No. 38/2021 requirements; authenticity may be verified via specimen seals, QR code, or the Issuing Authority's portal and doubtful cases referred to the FTA Cell. Importers or Customs brokers must upload the e CoO on e Sanchit, enter e CoO particulars when filing the bill of entry, and present a printed copy for cross checking as the defacement procedure, with ICES preventing reuse of the same reference number.

Customs license applications must be submitted directly to jurisdictional Commissioners after the Invest India portal was discontinued.
The Invest India digitized application for the MOOWR scheme is discontinued; applicants for a license under section 58 or permission to operate under section 65 of the Customs Act must submit the prescribed application and supporting documents directly to the jurisdictional Principal Commissioner/Commissioner of Customs, and field formations should guide trade on this change.

Export authorization flexibility: applicants may omit shipment and buyer details for Pharma Grade Sugar, amend before shipment.
The amendment renders the ANF-2N fields for Shipment Details and Foreign Buyer/Consignee Details optional at the application stage for export authorization of Pharma Grade Sugar, permitting use of generic entries such as any buyer or any port of discharge, and allows exporters to amend buyer-wise details after receiving an order and before actual export.

PAN inoperative relief: deductors/collectors exempted from higher TDS/TCS where PAN is cured within prescribed timelines.
The Board partially modifies prior guidance to relieve deductors/collectors from higher TDS/TCS liability under sections 206AA/206CC where PANs become operative through Aadhaar linkage within specified timelines: for payments from 01.04.2024 to 31.07.2025 if PAN is operative on or before 30.09.2025, and for payments on or after 01.08.2025 if PAN is made operative within two months from the end of the month of payment; in such cases withholding shall follow other provisions of Chapter XVII-B or XVII-BB.

Single Unified Multi Purpose Electronic Bond enables all India electronic bonds and e BG linking via ICEGATE and NeSL.
The Single Unified Multi Purpose Electronic Bond (SEB) enables a single All India electronic bond via ICEGATE with NeSL integration for e stamp and Aadhaar OTP e sign; users select obligations, scenarios and customs location, upload supporting documents, undergo officer review and then e stamp/e sign the bond. Integrated banks issue e BGs which can be fetched, validated and linked to SEBs on ICEGATE. Manual bonds/BGs are to be discontinued from 15.08.2025 except by limited approval under the prescribed interim manual filing process.

Jurisdiction reallocation of commercial tax divisions and enforcement units under Uttar Pradesh state tax administration
Jurisdiction over Commercial Tax Zones, Judicial Divisions, Commercial Tax Blocks and Corporate Circles, Mobile Squad Units, and Special Investigation Branch units under the State Tax Department, Uttar Pradesh is restructured by administrative order issued under Rule 3(3) of the Uttar Pradesh Value Added Tax Rules, 2008. The order assigns territorial jurisdiction for each listed zone and judicial division by reference to the corresponding blocks, circles, mobile squad units, and Special Investigation Branch units in the schedule. All earlier orders relating to the jurisdiction of Judicial Divisions are superseded.

Portfolio Manager regulation consolidates SEBI circulars, updates registration, disclosure, investment limits and reporting obligations.
This Master Circular consolidates SEBI circulars for Portfolio Managers up to March 31, 2025, superseding the June 07, 2024 circular, rescinding specified prior circulars while preserving prior actions. It prescribes online registration and change in control procedures, compliance and certification requirements, client fund segregation and reconciliation rules, written policies for order placement and trade allocation, distributor oversight, cybersecurity and valuation norms, limits and prior consent and disclosure obligations for related party investments, reporting and audit requirements (monthly, quarterly, annual and offsite formats), standardized investment approach/strategy tagging and performance benchmarking, fee disclosure and high water mark rules, and investor grievance and reporting obligations.

Organic textiles certification: NAB accredited transaction certificates not required; accept GOTS or buyer mandated certification for exports.
The NPOP accreditation scope excludes organic textiles, so a Transaction Certificate from a NAB accredited body under the referenced Public Notice is not required for organic textile exports; exporters must furnish a valid TC issued by certification bodies designated through Textile Exchange, GOTS, or as mandated by the buyer(s) at export.

Mandatory adherence exemption for input steel applies to prior-shipped imports and verified integrated steel plants pending SIMS registration.
Imports of steel products with bills of lading showing shipment on board on or before 15.07.2025 are exempted from the mandatory input steel adherence requirement; final products supplied by Integrated Steel Plants are exempted subject to verification of operative BIS licences, with ISPs allowed to provide declarations and licence lists to the Ministry of Steel pending verification, and misdeclaration may lead to debarment on the SIMS portal.

Internal Compliance Programme for dual-use exports required to standardize screening, documentation and meet licensing prerequisites.
Trade Notice seeks stakeholder comments on a draft Internal Compliance Programme (ICP) for exporters of SCOMET dual use items, framing the ICP as a management system aligned with ISO and international best practices. The ICP requires top management commitment, appointment of a designated export control officer, documented procedures for item classification, end use/end user screening, licence determination, post licence controls, recordkeeping, training, internal audits, KPIs, management review and corrective actions. Adoption of an effective ICP is a prerequisite for participation in GAICT and related authorisation schemes.

QR Code Customs Passes required; non-QR passes invalid and brokers must apply online via the CBLMS portal for renewal or issuance.
Introduction of QR Code Customs Passes on the CBLMS mandates brokers, authorised employees and importers/exporters to apply via the portal's "Issuance" or "Renewal" functions after surrendering old physical/non-QR passes; lifetime QR pass holders may renew for the redesigned pass. Non-QR passes will be treated as invalid w.e.f. 11/08/2025 and QR Codes will be scanned and authenticated by officers at Customs entry and verification points; the process is fully online with a user manual available.

Sea Departure Manifest and Notification replace EGMs at port; technical handholding session and escalation channel provided.
Mandated replacement of Export General Manifest filings with Sea Departure Manifest (SDM) and Sea Departure Notification (SDN) messages at port level under SCMTR, effective 16 July 2025, with a mandatory technical handholding session for stakeholders and an escalation channel to the local customs MCD section for implementation issues.

Export proceeds realisation compliance: exporters must register on DRISHTI and upload BRCs or face show cause proceedings.
The notice directs exporters to register on the DRISHTI Export Sale Proceeds Monitoring System and upload Bank Realisation Certificates for pending or part realised shipping bills, providing contact e mail addresses for assistance. It cautions that under Rule 18 of the Customs and Central Excise Duties Drawback Rules, 2017, failure to produce evidence of realisation within the FEMA, 1999 period or any RBI extension will attract a show cause notice requiring production of evidence within thirty days.

Turant Suvidha Kendra facilitate local Customs formalities while assessments remain faceless; local officers handle bonds, verifications.
Turant Suvidha Kendra (TSK) are set up at specified Ahmedabad Customs formations to facilitate local completion of customs formalities while substantive assessment is conducted remotely. TSKs will accept and debit Bonds and Bank Guarantees, perform verifications referred by faceless assessment groups, deface and debit documents/permits/licenses where required, and undertake other tasks directed by the Principal Commissioner. Each TSK will be manned by an Appraiser/Superintendent (Technical) and an Examining Officer (Technical), supervised by the Deputy/Assistant Commissioner (Import); stakeholder feedback may be sent to [email protected].

Withdrawal of Form IP-1: reporting shifted to the IBBI Assignment Module and revised CP reporting framework for insolvency processes.
The circular withdraws the requirement to submit Form IP-1 for assignments under the Insolvency and Bankruptcy Code, 2016, noting that IP-1 has been superseded by mandatory reporting through the IBBI electronic portal Assignment Module and a revised reporting framework (CP-1 to CP-5) which now governs reporting obligations of Insolvency Professionals across corporate insolvency, liquidation, voluntary liquidation and personal-guarantor processes.

Registration and conduct rules for credit rating agencies standardized master circular; sets registration, rating processes, disclosures and audit obligations.
Master Circular consolidates regulatory provisions for CRAs: online registration and prior approval for change in control; procedures for transfer, surrender, suspension and cancellation of registration; standardized rating scales including CE suffix and EL-based scale; mandatory operations manual, rating criteria, rating-process rules and rating committee governance; disclosure regime requiring standardized press releases, monthly No Default Statements, daily non-cooperative issuer lists and periodic PD and transition disclosures; and half-yearly internal audits, outsourcing safeguards and detailed conflict-of-interest controls.

ESG rating regulation: SEBI issues a consolidated Master Circular tightening registration, governance, disclosures, and conflict controls for ERPs.
SEBI's Master Circular consolidates obligations for ESG Rating Providers: online registration procedures, prior SEBI approval and documentation requirements for change in control, rules for transfer/surrender/suspension/cancellation with client migration and record retention obligations; definition of required ESG products and a 0-100 rating scale; mandatory adoption of either subscriber pays or issuer pays models (no hybrid), issuer pays contract and non cooperation rules; governance, internal audit and conflict of interest safeguards; and extensive periodic and continuous disclosure, transition rate and IOSCO compliance reporting requirements.

Listing obligations mandate standardised continuous disclosure and reporting for issuers of non-convertible and securitised debt instruments.
Consolidates SEBI circulars into a Master Circular for issuers of listed Non-convertible Securities, securitised debt instruments and commercial paper, prescribing effective compliance measures: standardised formats for financial and audit reporting, procedures for disclosure of audit qualifications, use of proceeds statements, mandatory reporting of defaults and securitisation pool and loan level disclosures, corporate governance reporting for high value debt issuers, related party transaction protocols, sanctioning framework for non compliance and procedures for transfer and claiming of unclaimed amounts.

REIT compliance framework consolidates SEBI circulars, mandating online filings, issuance protocols, disclosures and NDCF rules.
SEBI issues a Master Circular for REITs effective on issuance, consolidating prior REIT circulars and superseding those listed, while saving prior acts and pending applications. It mandates use of an online filing portal for registration and compliance, prescribes detailed public-issue and follow-on offer procedures (merchant banker duties, draft hosting, pricing, allocation, ASBA/UPI bidding, anchor/strategic investor rules), dematerialisation of units, and time-bound allotment/listing processes together with extensive continuous disclosure, audit, NDCF computation and investor redressal requirements.