Standard Input Output Norms notified for chemical and allied products to streamline Advance Authorisation processing and uniform approvals.
Four new Standard Input Output Norms (SIONs) are notified under the Chemical and Allied Product group for export products identified as SION Nos. A-3698, A-3699, A-3700 and A-3701. The notified entries specify the export product, the corresponding import item and the quantity allowed for each norm, including Cefuroxime Sterile Sodium with Cefuroxime Acid, NAS-5 with Tobias Acid, Tobramycin 300 mg/5 ml Nebuliser Solution with Tobramycin, and Schaeffers Acid with Beta Naphthol.

Fast-track processing of AIF placement memoranda streamlines scheme launch, disclosure compliance, and responsibility of merchant bankers and managers.
A fast-track mechanism is introduced for processing placement memoranda of non-LVF AIF schemes. AIFs may launch schemes after 30 days of filing with SEBI, or from registration in the case of a first scheme, subject to compliance with any SEBI comments before launch and a first close within 12 months. Merchant Bankers and Managers remain responsible for disclosure accuracy, supporting filings, prescribed disclaimer language, and compliance with SEBI requirements.

Wheat export authorization modalities prescribe online filing, eligibility thresholds, allocation criteria, review, and mandatory reporting obligations.
Applications for export authorization for wheat are to be filed online through the DGFT portal within the notified window by active IEC holders. Allocation is to be recommended by the Special Exim Facilitation Committee on the basis of prescribed eligibility criteria, export turnover, minimum application quantities, export history, confirmed export orders or contracts, and chartered accountant certification with valid UDIN. The authorizations are valid for six months, non-transferable, subject to review after three months, and may be re-allocated if quantities remain unutilized. Monthly progress reporting is mandatory, and non-compliance may attract action under the Foreign Trade law framework.

Past risk and return verification framework expands with PaRRVA recognition, transitional disclosure limits, and revised oversight committee composition.
Operationalisation of Past Risk and Return Verification Agency is carried out by recognising Care Ratings Limited as PaRRVA, with National Stock Exchange India Limited as the Data Centre. Investment Advisers and Research Analysts who wish to communicate certified past performance data must enroll with PaRRVA by 3 August 2026, and may use such pre-PaRRVA data only up to 3 May 2028. The oversight committee composition is revised, with a minimum of five members and a majority of independent members over PaRRVA and Data Centre representatives.

RoDTEP and RoSCTL benefit computation clarified for short realisation, FOB deductions, and ECGC compensation treatment.
Clarification is issued on the computation of remission or rebate under RoDTEP and RoSCTL where export proceeds are short realised. Benefit may be allowed on the full Free on Board value without deducting agency commission and bank charges, provided such deductions, separately or together, remain within the overall limit of 12.5% of the FOB value. If the charges exceed that limit, the excess is to be deducted for granting the benefit.

Debenture trustee compliance timeline extended for separating non-SEBI-regulated activities into separate business units.
SEBI extended by six months the compliance timeline for debenture trustees to transfer activities not regulated by SEBI to separate business units under the amended Debenture Trustees framework. The amendment and the related circular are to be implemented by October 27, 2026, while all other provisions of the earlier circular remain unchanged.

Official email ID change for EDI communications requires all customs correspondence to be sent to the new address immediately.
Official communications of the EDI, Jawaharlal Nehru Customs House are to be addressed to the revised email ID [email protected] with immediate effect. All correspondence, including Office Orders, Show Cause Notices, Orders-in-Original and other official communications, must be sent to the new address, and the earlier email ID is no longer in use.

Drawback on SEZ-to-DTA goods re-exported after duty payment is clarified as available under customs law.
Clarification is issued on drawback for duty-paid goods cleared from a Special Economic Zone into the Domestic Tariff Area and thereafter re-exported. Goods moving from an SEZ into the DTA may be construed as imported goods for customs purposes, and for drawback under Section 74 of the Customs Act, the goods must be duty paid, easily identifiable, and previously imported into India. Accordingly, goods cleared into the DTA from an SEZ on payment of applicable duties and re-exported thereafter are to be treated as imported goods for drawback disbursement.

Single Judicial Member Benches authorised for uncontested insolvency and company law matters, with contested rights reserved for Division Benches.
Single Judicial Member Benches are authorised to hear specified procedural, uncontested, and urgent matters under the Companies Act, 2013 and the Insolvency and Bankruptcy Code, 2016, including early hearing applications, completion of pleadings, condonation of delay, extension of CIRP or liquidation period where unopposed, extension of interim relief, substitution of IRP, RP or liquidator, substitution of parties or legal representatives, taking on record progress reports, taking on record constitution or reconstitution of the committee of creditors, and procedural directions to the Registry. Contested matters affecting substantive rights are excluded, and any party may request hearing before a Division Bench.

Foreign exchange derivative reporting expands to INR-linked related party trades, with phased coverage, exclusions, and two-day reporting limits.
Authorised Dealer Category-I banks must report INR-linked OTC foreign exchange derivative contracts undertaken globally by their related parties to the Trade Repository of Clearing Corporation of India Ltd., subject to exclusions for back-to-back transactions, certain trades with other AD Category-I banks in India, and contracts below USD 1 million or equivalent. The bank must progressively achieve specified reporting coverage for related parties and report all INR-linked derivative contracts of the parent from July 1, 2027. Reporting must include relevant transaction details and be made preferably on the transaction date, but within two working days.

Customs arrears recovery requires timely transfer of eligible cases to the Revenue Recovery Unit with complete supporting records.
Timely transfer of clearly recoverable customs arrears to the Revenue Recovery Unit is to be ensured under Section 142 of the Customs Act, 1962 and the prescribed recovery procedure. Cases are to be identified for RRU transfer only after expiry of the appeal period, where no appeal, stay, or other proceeding remains pending before any appellate authority or court, and the updated Tax Arrear Report particulars are to accompany the proposal. Forwarding must include complete e-Office records and the specified supporting documents, including the Order-in-Original and the certificate confirming non-pendency of stay.

Export cargo examination clusters updated with revised CFS and warehouse listings, replacing the earlier arrangement for processing and administration.
Export Cargo examination and processing were streamlined by superseding the earlier CFS cluster arrangement and reclassifying the listed CFS and warehouse facilities into three export clusters, X1, X2 and X3, on account of changes in nomenclature and location. The notice sets out the updated warehouse/CFS codes, names and addresses for each cluster for use in export examination planning and administration. The revised cluster arrangement operates as a standing order for officers and staff of JNCH.

Bonded trucking permission for export cargo is granted subject to Customs transshipment rules and cargo-handling regulations.
Permission is granted to M/s Airlift Services Pvt. Ltd. to operate bonded trucking services for export cargo between the Air Cargo Complex, Mumbai and other Customs-notified ACCs, ICDs, CFSs and AFSs within India, where transshipment is desired by the consignee, authorised by the airline and approved by Customs. The permission is subject to the Customs Act, 1962, relevant transshipment and cargo-handling regulations, applicable circulars and public notices, and any other instructions or notifications issued from time to time.

Transhipment custodian permission renewed for Air India cargo movement, with bond compliance and cargo accountability conditions.
Renewal of permission extends M/s. Air India Ltd.'s appointment as custodian/carrier for transhipment of import and export cargo between Air Cargo Complex, Mumbai and specified gateway airports within India. The company has executed transhipment bonds for export and import cargo, with acknowledgements required within prescribed time limits, and remains responsible for any shortage or pilferage, including payment of duty, cess, levies, interest and penalty where applicable. Outsourcing of transhipment activities is not permitted without prior approval.

Net settlement of funds for FPI outright cash market trades eases liquidity pressure while preserving gross securities settlement.
Permits net settlement of funds for outright transactions undertaken by Foreign Portfolio Investors in the cash market, while retaining gross settlement for securities delivery and the existing settlement framework with custodians and clearing corporations. Only securities with an exclusive outright buy or exclusive outright sell in a settlement cycle are eligible for netting. Securities involving both purchase and sale in the same cycle remain on gross basis. Securities Transaction Tax and stamp duty continue on delivery basis, and implementation standards are to be framed by custodians and the designated forum after stakeholder consultation.

Time-bound processing of RoDTEP and RoSCTL scrolls directed to curb delays in exporter claim disbursal.
Time-bound processing is prescribed for the generation of RoDTEP and RoSCTL scrolls to reduce delay in disbursal of claims and avoid hardship to exporters. The instruction refers to audit observations noting considerable delay in RoSCTL scroll generation and consequent delay in payment of rightful claims. It also recalls an earlier instruction requiring crediting of duty drawback within three days and directs that a similar time limit should be complied with for the generation of RoDTEP and RoSCTL scrolls.

Import filing compliance at customs, NOC delays, reimport classification, and demurrage concerns were reviewed in trade facilitation discussions.
Import filing practices were reviewed, with emphasis on correct classification of reimported consignments, prompt intimation of cancellations of advance Bills of Entry, avoidance of unnecessary declarations that obstruct NOC issuance, and proper documentation for medical devices, accessories, licences, debit sheets and invoice-consignment description matching. Trade issues also included delays from body worn camera use, part-shipment hardship, demurrage concerns, and requests for training programmes in the April-June quarter.

Post Export EPCG scrip processing moves online, enabling electronic issuance, revalidation, and transmission through the DGFT portal.
Activation of the Post Export EPCG module on the DGFT portal enables online issuance, re-issuance and extension of validity of Post Export EPCG Duty Credit scrips, with electronic transmission to ICEGATE for subsequent utilisation. The concerned Regional Authority examines applications in the online module and generates the scrip electronically for transmission. Applicants may seek closure, revalidation, re-transmission, or electronic generation through Service Request Tickets, depending on whether the authorisation is open, the scrip is untransmitted or expired, or only a manual scrip exists.

E-waste disposal quotations invited for seized and confiscated laptops, phones and other material through incineration.
Customs authorities invited quotations from KSPCB-registered e-waste dismantlers, recyclers and refurbishers for disposal of seized and confiscated e-waste at Kempegowda International Airport, Bengaluru. The material comprised refurbished laptops, mobile phones, used or damaged televisions and RF circuit boards stored in the customs godown, and disposal was proposed by way of incineration with transportation, loading and unloading included.

Interest subvention support extends to selected tariff lines for micro and small exporters, with prospective eligibility only.
Interest subvention support under the Export Promotion Mission is extended to the tariff lines listed in Annexure-IIA, inserted into Annexure-II of the existing Trade Notice for pre- and post-shipment export credit. The added tariff lines are eligible only for export credit availed by Micro and Small Enterprises, while Medium Enterprises are excluded for exports covered by Annexure-IIA. The eligibility applies prospectively only, and interest subvention is admissible only for eligible export credit disbursed on or after the date of issuance.