Eligibility criteria for derivatives on non-benchmark indices require exchanges to adjust constituents and weights with revised deadlines.
Implementation of eligibility criteria for derivatives on Non-Benchmark Indices requires stock exchanges to achieve compliance through constituent and weight adjustments in existing indices, with single-tranche adjustments permitted for BANKEX and FINNIFTY and a phased four-tranche rebalancing mandated for BANKNIFTY. The phased approach mandates iterative recalculation and proportional reduction of excess weights among top constituents, redistribution of excess to other constituents subject to prudential norms, and implementation of exchange systems, market notifications and rule amendments to meet revised timelines.

Qualified Stock Brokers' timeline for implementing optional T+0 settlement systems extended; new date to be notified.
SEBI has further extended the compliance timeline for Qualified Stock Brokers to implement systems and processes enabling investor participation in the optional T+0 settlement cycle; the revised effective date will be intimated later and all other provisions of the December 10, 2024 circular remain unchanged.

Certified past performance may be shared with clients if ICAI/ICMAI certified, limited to one-to-one requests and templates.
Interim permission allows Investment Advisers and Research Analysts to provide past performance data certified by a member of ICAI or ICMAI for periods prior to PaRRVA operationalisation, only on specific client request and on a one-to-one basis, not publicly. Such providers must enrol with PaRRVA within a specified period after its launch or cease communicating certified past performance; post-operationalisation performance must use PaRRVA-verified metrics. All communications must include a prescribed disclaimer and follow templates to be issued by the supervisory bodies. Non-compliance may attract enforcement measures under applicable intermediaries regulation.

Second opinion fees allowed for assets under prior distribution arrangements, with capped advisory charge and annual client consent.
IAs may charge advisory fees, under AUA mode, on client assets subject to a pre-existing distribution arrangement when providing a second opinion, limited to 2.5% per annum. IAs must annually disclose and obtain client consent that, besides the advisory fee payable to the IA, clients will incur distributor consideration costs on those assets.

Refund procedure for TRQ application fees: applicants may request refunds online once applications are marked closed.
Applicants whose provisional TRQ allocations for import of Gold under India-UAE CEPA have been cancelled may apply for refund of application fees once their application status shows closed on the DGFT portal. Refunds must be requested via Services e Miscellaneous Payment Service Apply for Refund, providing the closed restricted import authorisation file number and a validated bank account in the name of the IEC holder; DGFT login credentials and e sign/Digital Signature Certificate are required. Further assistance is available in the DGFT Refund Help Document.

Source from India eligibility extended to IECs meeting USD 100,000 export realisation for microsite registration.
Access to the Source from India service on Trade Connect is extended to any valid IEC (not in DEL) that records a minimum export realisation of USD 100,000 in at least one of the prior three financial years, with DGFT eBRC database aggregate financial year values serving as the sole eligibility reference; linked Trade Connect accounts will enable microsite creation and annexed guidance explains registration, submission and approval procedures.

Self-assessment obligation: ensure complete e-Sanchit documentation and correct linking to expedite faceless customs assessment and clearance.
Importers must self-assess duty liability and furnish complete supporting documents at Bill of Entry filing; to expedite faceless assessment, legible documents must be uploaded to e-Sanchit, correctly linked/tagged with the Bill of Entry IRN, and appropriate document codes selected. Include catalogue/technical write-ups, pictures and specific product parameters for classification; upload evidentiary documents for declared value, exemption claims and statutory certifications (BIS, MTCTE, WPC/ETA, LMPC, EPR, DGFT licenses) before filing. Replies to queries must be specific, exhaustive and reference IRNs; provisional assessments under Section 18 require stated reasons.

Gold TRQ allocation under India UAE CEPA requires BIS hallmarking and GST registration and will use competitive online bidding.
Condition (g) of Annexure IV, Appendix 2A is amended to exclude gold dore from TRQ eligibility and to require applicants to have BIS hallmarking registration and GST registration for imports under tariff head 7108; TRQ allocations will be made through a competitive online bidding/tender process, with applications submitted via the DGFT Import Management System and bidding modalities and submission windows notified annually through a Trade Notice.

Income tax filings: CBDT extends ITR due date to 10 December 2025 and audit report to 10 November 2025.
The CBDT, under Section 119, extends the ITR due date for assessees covered by clause (a) of Explanation 2 to s.139(1) for AY 2025-26 from 31 October 2025 to 10 December 2025, and correspondingly extends the specified date for furnishing the report of audit under the Explanation to Section 44AB to 10 November 2025.

Entertainment sector assessment: pre operative expenses to be examined for amortisation under section 35D.
Paragraph 2.1 of the Board's letter dated 21.10.2025 is amended to state that pre operative expenses of assessees in the entertainment sector should be examined with reference to actual commencement of business and allowed for amortisation under section 35D of the Income tax Act, 1961.

Authorised agencies for Preferential Certificate of Origin expanded to include specified sectoral bodies and SEZ units under India EFTA TEPA.
Amendment to Appendix 2B of the Foreign Trade Policy, 2023 authorises specified agencies to issue Preferential Certificates of Origin under the India EFTA TEPA. It lists DGFT and regional offices, Export Inspection Council and agencies, sectoral authorities such as APEDA, MPEDA, Central Silk Board, Coir Board, Development Commissioner Handicrafts, Spices Board, Textile Committee, Tobacco Board, and specified SEZs, assigning product coverage to each agency and confirming SEZ units and EOUs within zonal jurisdictions may obtain CoOs for all products.

Certificate of Origin self declaration permitted under India EFTA TEPA, allowing exporters an alternative to authorised agency issuance.
The HBP amendments add the India EFTA TEPA to the FTAs list and allow exporters to obtain a Certificate of Origin either from an authorised agency or by self declaration, providing an additional parallel mechanism for origin certification under the agreement.

Bharat Aayat Niryat Lab Setu: a pilot digital portal for unified testing, digital certificates, online fees and QR-verified reports.
A pilot digital platform, Bharat Aayat Niryat Lab Setu, will integrate accredited testing and inspection agencies into a single online interface enabling exporters and importers to apply for, digitally sign, pay for, track, and download digitally issued test reports required at ports; onboarding of agencies, role-based user management, PayGov payment gateway mapping, and mandatory QR-code verification of reports are core operational requirements.

Brand rate fixation adopts 5% random verification of originals based on risk parameters for core, high value, and high duty inputs.
The revised simplified procedure limits submission of originals by dispensing with routine originals for post facto checking and permits random defacement of only 5% of originals of self attested duty paid documents, with the Commissioner selecting samples based on risk parameters: (A) Bills of Entry for core inputs of export goods; (B) Bills of Entry for high value inputs used in export goods; and (C) Bills of Entry for inputs with higher Customs duty; parameters to be revised as inputs change and exporters must furnish prescribed documents and comply with conditions.

Launch of ICES 1.5 at ICD Malur enables computerized import/export declaration processing from 30 October 2025.
Launch of ICES 1.5 electronic processing at ICD Malur will commence on 30 October 2025, enabling computerized processing of Bills of Entry and Shipping Bills for import and export. M/s Adani Logistics Ltd. is appointed as Custodian for goods at the ICD, and State Bank of India, Malur Branch is authorized for duty collection and refunds through the EDI system following successful pre-production trials and allocation of the ICD location code.

Silver jewellery imports by SEZ and EOU units are exempt from restrictions but cannot be sold into the domestic market.
Imports of silver jewellery by 100% Export Oriented Units (EOUs) and units in Special Economic Zones (SEZs) shall not be subject to the restrictions imposed by Notification No. 34/2025-26, but such imports shall not be sold in the Domestic Tariff Area (DTA). Imports under the Advance Authorisation or Duty-Free Import Authorisation (DFIA) schemes are likewise exempt from the restriction in terms of the Foreign Trade Policy, 2023.

Importation by post: permitted items, restricted/prohibited lists, duty treatment, exemptions, tracking, KYC and grievance process.
Importation by post permits most goods except specified exclusions and categorises consignments as permitted, restricted (requiring DGFT authorization) or prohibited (barred and liable to confiscation). Duty treatment separates B2B, personal monetary imports and gift imports; personal imports under CIF Rs.1,000 are duty exempt. IGST is levied on CIF+BCD+SWS; reassessment is available only before delivery. Postal authorities handle custody and damage claims; KYC and procedural contacts are prescribed for clearance and grievances.

MAP outcomes and appeal withdrawal: CIT(A) intimation will serve as proof of withdrawal to implement MAP resolutions.
The memorandum directs that when a taxpayer seeks withdrawal of an appeal pending before CIT(A) pursuant to a MAP resolution under sub rule (8) of Rule 44G, the CIT(A) shall issue an intimation accepting withdrawal of the appeal or specified grounds; that intimation shall be treated as proof of withdrawal of appeal for giving effect to the MAP resolution.

Proper officer assignment under Section 74A structures issuance of notices and orders within prescribed monetary tiers.
The Board assigns Additional/Joint Commissioners, Deputy/Assistant Commissioners and Superintendents of Central Tax as proper officers to issue show cause notices and adjudicate under Section 74A and Section 122, prescribes tiered monetary limits by officer grade (including combined Central and Integrated Tax basis), clarifies determination of proper officer for subsequent statements and appellate reversals, excludes penalties when computing monetary competence, and aligns audit-commissionerate notices with the jurisdictional Central Tax Commissionerate.

Risk-based provisional GST refunds extend to low-risk and inverted duty claims under a trade-facilitation framework.
Risk-based provisional refund processing applies to GST refund claims filed on or after 01.10.2025, with 90% of the refund amount to be sanctioned provisionally where the system categorises the claim as low-risk, subject to the statutory conditions for provisional refund and the officer's power to record reasons and proceed with detailed examination in appropriate cases. Non-low-risk claims are to be scrutinised in the usual manner, and provisional refund is barred where a prior issue is pending in appeal, a show cause notice has been issued, or an order is not final. The same provisional framework is extended, as an interim measure, to inverted duty structure refund claims filed on or after 01.10.2025.