Minimum Import Price exemption for VPB: EOUs, SEZ units and Advance Authorization/DFIA imports remain outside MIP application.
The circular clarifies that the Minimum Import Price on Virgin Multi-layer Paper Board is subject to exemptions: imports by 100% Export Oriented Units and SEZ units are exempt provided the goods are not sold into the Domestic Tariff Area, and imports under Advance Authorization or DFIA are exempt under FTP, 2023. Customs and DGFT formations are directed to apply these provisions and deviations will invite penal action.

Standard Input Output Norm notified for acetyl salicylic acid tablets enables regional authorities to grant advance authorisations directly.
A new Standard Input Output Norm for export product "Acetyl Salicylic acid 75 mg. Film-coated Tablets" in the Chemical and Allied Product group fixes the input item and permitted input quantity per unit. The Director General of Foreign Trade notifies this SION under powers conferred by the Foreign Trade Policy to enable Regional Authorities to grant Advance Authorisation directly without Norms Committee referral, streamlining and standardising export authorisation processing.

Extension of investment deadline under clause (23FE) of section 10 updates qualifying date to 31 March 2030.
The circular updates administrative guidance to reflect the Finance Act, 2025 amendment by extending the qualifying investment date for the exemption under clause (23FE) of section 10 to 31st March, 2030 effective 1st April, 2025, and directs that references to 31.03.2024 in the opening paragraph and in paragraphs 4.6.2 and 4.6.3 of Circular No. 9 of 2022 be read as 31st March, 2030.

Intraday position limits cap entity FutEq exposure, triggering random monitoring and penalties for breaches to protect market integrity.
Entity-level intraday monitoring for index options sets FutEq-based caps: an intraday Net position limit of Rs.5,000 crore and an intraday Gross limit of Rs.10,000 crore (separate long/short). Stock Exchanges must perform at least four random intraday snapshots, including one near market close, considering underlying prices when taking snapshots. Additional exposure against eligible securities or cash/cash equivalents is permitted per the prior FutEq framework. Breaches will trigger trading-pattern reviews, client rationale requests, constituent trading checks, regulator discussions, and on expiry days may attract penalties or additional surveillance deposits as decided by Exchanges.

Digital accessibility compliance: timelines extended and reporting authority updated for investment advisors and research analysts.
Regulated Entities must submit compliance/action reports and platform lists, appoint IAAP-certified accessibility auditors, conduct accessibility audits, remediate audit findings, and submit annual audit confirmations within revised timelines; reporting authority for Investment Advisors and Research Analysts is changed to BSE Ltd., while brokers/depository participants report to exchanges/depositories and other entities report to the regulator.

Customs cargo custodianship requires secure handling, duty liability for pilferage, financial security, approved subcontracting, and operational support obligations.
Custodianship of imported, export and transhipment goods at Vizhinjam International Seaport is assigned to M/s Adani Vizhinjam Port Private Limited. The custodian must securely receive, handle, store and record cargo; remains accountable for loss or pilferage and applicable duty; and may not sell uncleared or relinquished goods without customs permission. It must furnish prescribed bond and security, provide cargo infrastructure and customs staff facilities, bear applicable charges, avoid demurrage on detained goods, and obtain approval for subcontracting or alterations within the customs area.

Cybersecurity and Cyber Resilience Framework: SEBI clarifies scope, equivalence/exclusivity principles and reporting obligations for regulated entities.
SEBI clarifies CSCRF scope and compliance: REs must apply either the Principle of Exclusivity for systems used solely for SEBI activities or the Principle of Equivalence where primary regulator frameworks provide equivalent controls; REs must demonstrate which principle is relied upon and SEBI reserves the right to verify compliance submissions made to other regulators.

SIONs revision invites stakeholder consultation to clarify input descriptions and specify quantities for food item norms.
Revision of SIONs for specified food items is being undertaken to clarify generic input descriptions and to specify quantities for alternative inputs. Norms Committee-6 invites comments and suggestions from exporters, importers, industry associations and other stakeholders, to be sent to the NC-VI email address within the prescribed time, with contact details provided for queries.

Duties on gifts and personal imports: zones must publish FAQs clarifying duty, KYC, fees and grievance process.
Customs Zones must prepare and publish an FAQ-format document on their websites explaining the duty structure on gifts and personal imports with demo duty calculations, applicable KYC norms for courier and postal imports/exports, fees and charges, and the grievance redressal mechanism; zones must maintain records and monitor grievances, widely publicise the FAQs to public and trade bodies, and report implementation difficulties to the Board.

Relaxation of net worth certificate timelines for stock brokers aligns submissions with financial results reporting timelines.
Brokers offering the margin trading facility must submit a half yearly auditor certificate confirming net worth as on 31 March and 30 September within the newly harmonised post period deadlines; stock exchanges must amend bye laws, notify members and disseminate the change for immediate implementation under SEBI's regulatory powers.

BIS registration validation required before customs clearance; only valid registrations permitted, deferred or cancelled rejected.
Field formations must verify BIS registration details on the BIS-CRS portal before allowing clearance and permit release only for registrations shown as valid; deferred or cancelled registrations must not be accepted. The verification must include confirming the manufacturer name, model number and manufacturing location against the registration record, and the procedure applies to all items requiring BIS registration under the CRO.

Suspension of Standard Input Output Norms: specified food-product SIONs suspended, exporters may seek Advance Authorisation alternatives.
The Public Notice suspends the Standard Input Output Norms (SIONs) listed at Annexure "A" with immediate effect and directs exporters of the affected food products to apply for benefits under Advance Authorisation pursuant to Para 4.03(b)(ii), 4.03(b)(iii) or 4.03(b)(iv) of the Foreign Trade Policy, 2023, as applicable.

Automation of Refund Processing requires import refunds only; export refund claims must be filed manually until operational.
Automation of refund application and processing is presently applicable only to import refunds and not to export-related refunds; accordingly the prior public notice is withdrawn and export refund claims must be filed manually until the electronic module for Refunds Other Than IGST is made operational by DG Systems. A fresh public notice will announce implementation, and difficulties should be notified to the Assistant Commissioner of Customs, Refunds Other than IGST section.

Standard Input Output Norms: new SIONs enable direct Advance Authorisation for specified chemical exports, streamlining export clearance.
Fixation of new SIONs A-3693 and A-3694 under Chemical and Allied Product code 'A' notifies input output ratios: A-3693 links Minoxidil Topical Aerosol 5% (60 gm CAN) to Minoxidil USP (3.06 gm) and A-3694 links Benfotiamine (1 kg) to Thiamine Hydrochloride (0.922 kg); Regional Authorities are authorised to grant Advance Authorisation directly using these norms without referral to the Norms Committee, to expedite and standardise export clearance.

Sea Departure Manifest and Notification mandatory nationwide; filing compliance and support channels required for trade participants.
Pan-India implementation makes Sea Departure Manifest (SDM) and Sea Departure Notification (SDN) mandatory filings for all sea ports under the SCMTR framework. Stakeholders must comply with required message formats and data structures and consult the Message Implementation Guidelines and SCMTR advisories on the designated portal. Onsite and online training sessions are being provided and technical issues should be raised with the prescribed electronic support teams for resolution.

Audit completion period extended for listed GST cases after GSTN technical glitches delayed draft editing and audit progress.
Extension of the period for completion of audit under the proviso to section 65(4) of the West Bengal Goods and Services Tax Act, 2017 for selected registered persons for the period from 1 April 2021 to 31 March 2022 or part thereof. The completion period, earlier extended up to 22 August 2025 or three months from the actual date of commencement, whichever was later, is further extended for thirty-three listed audit cases because technical glitches in the GSTN BO delayed progress and prevented completion within the existing period. The extension applies case-wise as specified in the annexed list and takes immediate effect.

Margin pledge implementation timeline extended to ensure system readiness and compliance by market infrastructures and participants.
Implementation of the circular requiring margins to be given by way of pledge/re-pledge in the depository system is extended from the original effective date to October 10, 2025 to permit depositories to complete system development and testing. Stock Exchanges, Depositories and Clearing Corporations must notify members, publish the circular, implement systems and procedures to ensure compliance, and amend bye-laws, rules and regulations to effect the change; the circular is issued under statutory regulatory powers to protect investors and regulate the securities markets.

Audit de-selection under West Bengal GST follows non-existent place of business finding for a registered person.
One registered person earlier selected for audit under the West Bengal GST regime was deselected for the relevant audit periods because the registered person was found to be non-existent at the declared place of business. The order under section 65 of the WBGST Act, 2017 records that audit was not required for that person and gives immediate effect to the de-selection.

Prosecution exemption for small undisclosed foreign assets: no prosecution where such assets (other than immovable property) fall below prescribed threshold.
The Board directs that prosecution proceedings will not be initiated where penalty is not imposed or imposable in relation to assets (other than immovable property) whose aggregate value does not exceed the prescribed threshold; this amendment aligns the prior instruction with the statutory change and is effective from the date the proviso to the penalty provisions was amended.

RTI officer designation in Bengaluru Customs Zone sets out the appointed information officers and appellate authority for public access matters.
Designation of Central Assistant Public Information Officer, Central Public Information Officer and First Appellate Authority for the Bengaluru Customs Zone under sections 5(1) and 5(2) of the Right to Information Act, 2005. The notice names the officers appointed for the Office of the Chief Commissioner of Customs, Bengaluru, sets out their addresses and contact particulars, and states that the arrangement covers RTI matters within the Bengaluru Customs Zone, including the Office of the Commissioner of Customs (Appeals), Bengaluru.