Transshipment permission to SpiceJet Limited allows domestic air movement of EXIM cargo under bond and liability conditions.
Grant of Transshipment Permission to M/s SpiceJet Limited authorises export/import transshipment of EXIM cargo from ACC Kolkata to other customs notified airports under section 45(1) read with section 54(3) of the Customs Act, 1962, contingent on execution of specified export and import bonds and bank guarantees. SpiceJet bears liability for shortage or pilferage-export losses measured by value of goods plus interest, penalty and cess and import losses measured by Customs duty, cess, surcharge and other levies with interest and penalty. Permission is time limited and renewable subject to compliance with statutory provisions and circulars.

GST appeal filing protocol withdrawn as staggered portal filing is dispensed with, preserving earlier filings.
Withdrawal of the staggered filing protocol for GST Appellate Tribunal appeals. The order dispenses with the earlier phased filing arrangement in view of portal capabilities, with effect from 18-12-2025, while preserving the validity of appeals filed under the prior order before that date and without prejudice to the Tribunal's powers under the GST law.

Audit file preservation and submission rules require complete archival, evidentiary integrity, and timely production to the regulator.
Audit firms of Public Interest Entities must maintain complete audit documentation, assemble final audit files ordinarily within 60 days of the auditor's report, retain them ordinarily for at least seven years, and preserve them longer where legal or regulatory proceedings continue. Audit files requisitioned by the regulator must be submitted in complete form within seven days, and any extension request must be supported by documentary details and relevant audit records. Format conversions or post-archival alterations that impair evidentiary value are inconsistent with the standards.

Securitised Debt Instruments: trustees must file half yearly standardized disclosures on pool performance and credit metrics.
Trustees of special purpose distinct entities must submit half yearly disclosures for listed SDIs within 30 days from the end of March and September, effective March 31, 2026. Disclosures follow prescribed formats: Annexure I for loan/listed debt/credit facility exposures and Annexure II for other exposures. Required items include maturity characteristics, Minimum Retention Requirement and its composition, credit quality and delinquency distributions, security cover, rating distribution and weighted average rating, default and recovery metrics, prepayment behaviour, expected credit loss movements, utilisation of credit enhancement and liquidity facilities, amendments to underlying documentation and Minimum Holding Period details; Annexure III provides illustrative computations.

Import documentation for faceless assessment: upload complete supporting documents, tag IRNs, and ensure accurate self-assessment.
Importers must self-assess under Section 17 and upload legible, linked supporting documents in e-Sanchit at Bill of Entry filing, including transaction-value evidence, classification certificates, product literature and mandatory licences; queries should be answered exhaustively with IRN references. Specific declarations for chemicals, correct UQC, justification for anti-dumping applicability, and reasons for provisional assessment under Section 18 are required. A non-exhaustive list of typical documents (purchase orders, freight invoice, catalogue, COO, CDSCO/FSSAI/BIS/LMPC certificates, EPR authorisations, DGFT licences) is provided.

Customs cargo custodianship extension requires insurance, accountable handling, secure infrastructure, recordkeeping, and prior approval for transfers or outsourcing.
Custodianship of imported cargo and appointment as a Customs Cargo Service Provider are extended for five years or until further orders, subject to the Customs Act and cargo-handling regulations. The Custodian/CCSP must maintain prescribed bonds, guarantees and insurance; comply with customs requirements; account for goods and duty on pilfered or unaccounted imported goods; provide adequate facilities and manpower; keep handling records; obtain permission for removal of goods, transfer of premises, outsourcing, or structural alterations; and display service charges. Approval is subject to cancellation for contravention of applicable requirements.

Warehousing module electronic transfers required; manual rectification allowed for legacy errors with specific documentation and approvals.
All warehouse-to-warehouse movements must be executed electronically through ICEGATE; ex-bonding is permitted only if the warehouse ledger shows sufficient goods for the IEC, with ICES debiting only the ledger at that warehouse. Manual permissions for bond-to-bond transfers are disallowed except with written Principal Commissioner/Commissioner approval and electronic regularisation. For into-bond Bills of Entry dated before 01.09.2025, manual clearance will be allowed to remedy legacy errors (Error 70, Error 71, Error 137) where trade must submit an error screenshot, certified warehouse ledger, current stock statement, and the regulation 3 Annexure/Form with the Tracking ID.

Market Infrastructure Institutions must appoint regulator approved Executive Directors for critical and regulatory verticals and revise reporting lines.
The circular mandates appointment of Executive Directors for Critical Operations and Regulatory verticals via open advertisement and regulator-approved shortlists, requires EDs to be Governing Board members with regulator-approved compensation, and establishes a revised reporting structure where EDs report to the MD while CTO, CISO, Compliance Officer and Chief Risk Officer report to their respective EDs; statutory committees retain separate quarterly access to KMPs, and the CRiO is tasked with technology audits and participation in SCOT.

Appointment of CPIOs and FAAs for Commissionerate of Customs (Port), Kolkata under RTI Act; appeals to designated FAAs.
Designations of Central Public Information Officers and First Appellate Authorities for the Commissionerate of Customs (Port), Kolkata are issued, superseding an earlier notice and reflecting recent establishment orders; Annexure A lists the named officers, their jurisdictions, and contact details. Aggrieved persons may appeal CPIO decisions to the corresponding FAA identified in Annexure A under the RTI Act. The notice prescribes fee payment to the RBI account of the Commissioner of Customs, Kolkata, permits online filing via the national RTI portal, and provides instructions for postal order payments.

Nomination framework implementation deferred further as SEBI extends Phase III timeline for system changes and stakeholder readiness.
Implementation of Phase III of the nomination framework for the securities market was deferred from December 15, 2025 to a further date to be notified separately, in view of stakeholder representations seeking additional time for system development, process changes, and re-examination of the structural implications of implementation. The earlier phased rollout and prior deferments remain in place, while all other provisions of the earlier circulars continue unchanged.

Export proceeds shortfall: exporters must submit bank confirmations and invoices or face personal hearing and possible adjudication.
The circular instructs exporters to submit proof of realisation and documentary evidence (e.g., bank confirmation letters and export invoices) to justify any short realisation of export proceeds - noting CBIC guidance that agency commission and foreign bank charges may be allowed within a 12.5% FOB limit - and warns that absence of such documentary proof will generally lead the adjudicating authority to conduct a Personal Hearing before final decision.

Metformin input import UOMs amended to Kg for dicyanodiamide and DMF under SION A-290 with immediate effect.
The Director General of Foreign Trade, under Paragraphs 1.03 and 2.04 of the Foreign Trade Policy 2023, amends the Unit of Measurement (UOM) for import items under SION A 290 for Metformin HCl: Dicyanodiamide 0.567 Kg. and DMF 0.37 Kg., with immediate effect.

Procedure for defacement of Certificate of Origin at TSK when preferential duty is claimed; importer may deface COO before registration.
Where a preferential rate of duty is claimed based on a valid Certificate of Origin and the Bill of Entry is facilitated by RMS for OOC, the importer or Customs Broker may get the COO defaced by the designated TSK prior to registration of goods to streamline assessment and clearance; implementation difficulties should be reported to the issuing authority.

Manufacture and other operations in bonded warehouses require an integrated licence, bond, prescribed records and GST/customs compliance.
The notice prescribes an integrated application and documentary regime for licensing a private bonded warehouse and obtaining permission to conduct manufacture and other operations therein, requires execution of a general bond satisfying customs and MOOWR requirements, mandates maintenance of specified digital accounts and records, and sets out GST and customs payment obligations for clearance of resultant products for home consumption or export.

Wings India 2026: temporary customs procedures, manual manifests, and duty-exempt temporary import rules for exhibition goods.
Temporary customs facilitation at Begumpet Airport for Wings India 2026 requires manual filing of Import/Export General Manifests and aircraft/cargo forms. Foreign aircraft and exhibition goods may be temporarily imported duty-exempt under ATA Carnet or Notification No. 8/2016, with bonds and Bills of Entry required; Notification No. 4/2019 removes the bank guarantee/cash deposit requirement for aircraft. Goods undergo open examination and value appraisal, Out-of-Charge is issued manually before exhibition use, transhipment procedures apply for transfers from ACC/ICD, and re-export and fuel-recording formalities are mandated for bond/guarantee cancellation.

Geo-tagging requirement for NRIs relaxed for digital re-KYC, subject to GPS verification, anti-spoofing and random action checks.
Intermediary apps may relax the requirement that an NRI client's physical location be in India during re-KYC, provided the app time-stamps interactions, initiates random client actions to confirm live responses, captures GPS coordinates and matches them to the country in the client's Proof of Address, and prevents connections from spoofed IP addresses; these technical safeguards amend the Master Circular on KYC for digital re-KYC of existing NRI clients.

Pre Shipment Inspection Agencies updated: two new enlistments and additions of radiation meters and spectrometers authorised online.
DGFT has incorporated approvals of the 27th IMC (25.06.2025) into a revised Appendix 2G, adding two new PSIAs and permitting eleven existing PSIAs to add approved instruments-specifically Handheld Radiation Survey Meters and Radionuclide Identifiers (Spectrometers). Recognised agencies may issue PSIC online via the DGFT portal subject to conditions: valid calibration certificates, a bank guarantee, equipment to area mapping on the portal, and a registered office with a nationalised bank account in India. Recognitions are valid for three years or as specified.

Deemed export benefits procedure clarified: ANF 7A filing, jurisdiction, online submission, and single category application rule for TED and drawback claims.
ANF 7A claims for deemed export benefits must be filed online by supplier or recipient with IEC to the jurisdictional Regional Authority as per Appendix 1A, except EOUs where the DTA supplier claims from the jurisdictional RA and the EOU recipient files with the Jurisdictional Development Commissioner of SEZs under Appendix 6J if the supplier has not claimed benefits. Applicants must upload prescribed ANF 7A documents at filing, no physical copy is required, claims follow TED/drawback eligibility rules, and each application must pertain to a single category of supply under para 7.02.

SEZ approvals: LoA extensions, co developer recognitions, de notification and processing to nonprocessing demarcations under SEZ Rules.
The Board of Approval applied SEZ Act/Rules to grant one year extensions of LoAs under the third proviso to Rule 19(4), extensions of Formal Approvals under the proviso to Rule 6(2), approved Co Developer recognitions conditional on compliance with Rule 11A(3)(c) and taxability review, authorised partial de notifications under the first proviso to Rule 8 subject to DC certifications and state no objection, and permitted conversions of Processing Area to Non Processing Area under Rule 11B with DCs obliged to ensure full recovery/repayment of duty benefits; several matters were deferred for further scrutiny.

Alternative Investment Funds: SEBI allows migration to AI-only and LVF schemes with naming, consent, reporting, and placement memorandum exemptions.
SEBI permits AIFs to launch AI-only schemes for Accredited Investors and grants relaxations to Large Value Funds; new schemes must append 'AI only fund' or 'LVF' to the name. Pre-existing schemes may convert with positive consent from all investors and must report name change and conversion to SEBI and depositories within 15 days. Investor AI status at onboarding endures for the scheme's life. AI-only schemes' maximum extension is five years inclusive of prior extensions. LVFs are exempt from the standard placement memorandum template and annual audit of its terms without investor waivers.