Amendment to Appendix 2T renames the sports export council and updates contact details for RCMC issuance.
Amendment to Appendix 2T revises the agency entry by renaming The Sports Goods Export Promotion Council as Sports Goods & Toys Export Promotion Council and updating its registered office address, telephone, email and website; the amendment applies immediately for issuance of Registration cum Membership Certificates under the Foreign Trade Policy 2023.

Agency authorisation amended: name and contact details updated for Certificate of Origin (Non Preferential) issuance under FTP.
The Director General of Foreign Trade, exercising powers under paragraph 2.04 of the Foreign Trade Policy 2023, has amended the enlistment particulars of an agency under Appendix 2E by substituting the name "The Sports Goods Export Promotion Council" with "Sports Goods & Toys Export Promotion Council" and updating its address, telephone, email and website; the amendment pertains to the agency's authority to issue Certificate of Origin (Non Preferential) and takes immediate effect.

SEBI-registered intermediaries must adopt standardized validated UPI IDs with @valid handles for investor payments and QR verification.
SEBI requires investor-facing intermediaries to obtain standardised, validated UPI IDs comprising a Username with a prescribed category suffix and an NPCI-allocated @valid handle tied to self-certified syndicate banks. Usernames must be created via SEBI's utility, banks allocate handles after due diligence, and intermediaries must publish QR codes showing a white thumbs-up in a green triangle. The @valid handles are exclusively for merchant category code 6211 payment collection, transaction limits follow NPCI caps, and the framework includes a "SEBI Check" tool for investor verification; availability for investors begins October 1, 2025.

Return scrutiny functions are assigned to designated tax officers, including acceptance of registered persons' explanations.
Proper-officer designations under the Gujarat Goods and Services Tax Act, 2017 are revised for return-scrutiny functions, with effect from 1 July 2017. Deputy Commissioners, Assistant Commissioners and State Tax Officers are designated to scrutinise returns and to intimate registered persons where explanations furnished in response to such scrutiny are found acceptable.

Standard Input Output Norms update: new SION notifies input entitlement for export of sodium citrate.
Notification under paragraph 1.03 of the Foreign Trade Policy 2023 establishes new Standard Input Output Norms entry A-3686 for the Chemical and Allied Product group, specifying citric acid monohydrate as the corresponding input for the export product sodium citrate and thereby creating a formal SION entry to govern input entitlement for export transactions.

Processing of delayed income tax returns: intimations to be issued by board, excluding scrutiny and taxpayer caused delays.
Board relaxes the proviso to assessment processing timelines for electronically filed valid returns under filing provisions for AY 2023 24 whose intimation period had lapsed, directing processing and issuance of intimations by 30.11.2025. Exclusions cover returns selected for scrutiny and returns unprocessed due to assessee attributable reasons. Refunds will not be made where PAN and Aadhaar are not linked, per the circular on PAN Aadhaar linkage and refund conditions.

Document Identification Number (DIN) requirement relaxed where verifiable Reference Number (RFN) on common portal suffices.
Quoting of Document Identification Number (DIN) is not required on communications issued through the GST common portal that bear a verifiable Reference Number (RFN), since the RFN is electronically verifiable and provides requisite document metadata; earlier Board circulars mandating DIN are modified to that extent and such RFN-bearing portal communications are to be treated as valid electronic communications without DIN.

Customs notice upload compliance requires mandatory website publication of SCNs and Orders-in-Original through the EDI process.
All Show Cause cum Demand Notices and Orders-in-Original issued by authorities at JNCH from 1 June 2025 onwards must be compulsorily uploaded on the JNCH website. Copies of such SCNs and Orders-in-Original are to be forwarded to the EDI Section by email along with an Excel file containing the prescribed details, including the notice or order number, date and party name. Difficulties in implementation are to be reported to the Joint Commissioner of Customs, EDI.

Extension of additional liquidation period for migrating VCFs grants more time for unwinding pre-migration schemes under AIF rules.
Extension of the additional liquidation period for VCFs migrating to the AIF Regulations is granted until July 19, 2026 for schemes whose liquidation period has expired but remain unwound; all other migration conditions from the August 19, 2024 circular remain unchanged, and the last date to apply for migration to SEBI remains as previously specified. The extension is effective immediately under SEBI's regulatory powers to oversee AIF migration and protect investor interests.

EPCG and Advance Authorization bond closure requires listed documents and email to expedite bank guarantee return and avoid deficiencies.
Authorization Holders seeking closure of bonds and return of Bank Guarantees under EPCG must submit self attested copies of: Export Obligation Discharge Certificate/Redemption Letter, ANF 5B certified by a Chartered Accountant, Installation Certificate by a Chartered Engineer or jurisdictional Customs authority, and the Authorization with Condition Sheet. For Advance Authorization, submit Export Obligation Discharge Certificate/Redemption Letter, ANF 4F certified by a Chartered Accountant, and the Authorization with Condition Sheet. Provide an email address for electronic communication of closure or deficiencies.

Taxpayer data sharing for beneficiary identification: tax authority to flag return filing status and income threshold to the State.
Direction designates the Director General of Income tax (Systems) to furnish taxpayer information to Maharashtra by receiving Aadhaar or PAN with Assessment Years and replying with a "Yes/No/Not Available" flag on return filing status and threshold income; where Aadhaar lacks PAN linkage, the DGIT (Systems) will report that information cannot be provided due to absence of PAN Aadhaar linkage. The DGIT (Systems) will determine frequency and mode of exchange in consultation with the State and must conclude an MoU addressing data transfer, confidentiality, preservation, weeding, and timelines, with a copy of the MoU sent for record.

ESG debt securities framework requires labelled social, sustainability, and linked bonds to meet disclosure, tracking and independent review obligations.
Framework prescribes conditions for issuance and listing of labelled ESG debt securities (social bonds, sustainability bonds, sustainability-linked bonds) requiring that proceeds fund projects aligned with recognised standards; social and sustainability bonds must meet specified initial and continuous disclosures, tracking and external auditor verification; sustainability-linked bonds must link financial/structural terms to predefined KPIs and SPTs with ongoing KPI reporting; issuers must mitigate purpose-washing and appoint independent third-party reviewers with defined scope and independence.

Relaxation of Regulation 58(1)(b) compliance permits web-link disclosure in advertisement instead of hard copies for non-convertible securities.
SEBI provides a conditional relaxation from the hard copy requirement under Regulation 58(1)(b) of the LODR Regulations for issuers of listed non convertible debt securities who complied with MCA General Circular No.09/2024; no penal action will be taken for non dispatch between October 01, 2024 and June 05, 2025. For June 06, 2025 to September 30, 2025, similar relief is granted provided the issuer's advertisement under Regulation 52(8) discloses a web link to the statement of salient features mandated by Section 136 of the Companies Act, 2013.

Road vigilance for e-way bill verification strengthens tax compliance, interception powers, and anti-evasion checks in goods transport.
Standard operating procedure is prescribed for random road vigilance in Assam to verify e-way bills, inspect goods in transit, and curb tax evasion. Vigilance teams are to be deployed at designated locations, all checked vehicles are to be entered in the e-way bill portal, and irregularities may attract penalty under the applicable GST provisions. Teams must maintain log books, submit daily reports, use CCTV and body-worn cameras, and conduct checks with minimal disruption while following the GST Act, rules, and related administrative directions.

Approved establishment list updated for Bhutan; customs instruction partially modified and officers must implement unchanged certification requirements.
An agreement implementation updates the approved Bhutanese establishments list for imports while confirming that the format of the Health Certificate and the list of authorized signatories remain unchanged; existing import compliance requirements continue to apply. The instruction partially modifies the earlier customs circular to incorporate the updated list and directs officials to sensitize subordinate officers, with a request to report any implementation difficulties to the Board.

Project Import Scheme: stricter registration, bond and bank guarantee requirements with set timelines and penalties for non compliance.
Registration of project import contracts requires a specified set of supporting documents and timelines: deficiency memos within 10 days, recommendatory letter verification within 5 days, and bank guarantee genuineness checks within 3 days. Bank guarantees must be in the prescribed format with self renewal and typically equal 2% of CIF value up to Rs.1 crore; failure to maintain continuity bonds or renew guarantees exposes importers to penal action under Project Import Regulations and the Customs Act.

Margin pledge invocation cum sale: depositories to enable single instruction pledge release and early pay in functionality for pledged securities.
Depositories must implement an automated single instruction mechanism-'pledge release for early pay in'-to release pledges and set early pay in blocks when clients sell margin pledged securities, subject to pay in validation by clearing corporations. Invoked securities (except non exchange mutual fund units) will be blocked for early pay in with an audit trail in the TM/CM's pledge account; invoked non exchange MF units will be moved and auto redeemed via an 'invocation cum redemption' facility. TM/CMs must ensure same day pay in where client trading privileges are frozen. Amendments take effect September 05, 2025, with operating guidelines by July 01, 2025.

Input tax credit conditions under GST require supplier tax payment, with tax invoices alone being insufficient for bogus ITC claims.
Input tax credit under the GST framework is available only subject to the condition that the tax charged on the supply has actually been paid to the Government by the supplier. A tax invoice by itself is not sufficient where the dealer cannot produce additional material to show actual supply of goods and deposit of tax by the supplier. Proceedings for wrong availment of ITC may be initiated where tax has not been paid, has been wrongly availed, or the credit is linked to fraud or wilful misstatement.

Investor Charter obligations require research analysts to publish disclosures and report monthly complaint data for transparency and redress.
SEBI requires research analysts to publish and provide the Investor Charter, disclose material information including conflicts and AI use, maintain client interaction records, protect confidentiality and data privacy, and disclose service timelines. Research analysts must publish monthly complaint data in the Annexure B format by the seventh of the succeeding month, strive to resolve grievances within twenty one days, enable filing via SCORES 2.0 or RAASB with two level review and offer recourse to online dispute resolution, and separately address impersonation complaints per prescribed processes.

Investor Charter disclosure obligations require advisers to publish the charter and monthly complaint data, with immediate effect.
SEBI updates the Investor Charter for Investment Advisers, rescinds the prior 2021 circular and amends the Master Circular, effective immediately. Advisers must publish the Charter (Annexure A) on websites, apps and offices, provide copies at onboarding, disclose registration and complaint status, and report monthly complaint data in the Annexure B format by the 7th of the succeeding month. Requirements include written agreements with fee and conflict disclosures, unbiased risk profiling, record keeping, disclosure of AI usage, and prescribed grievance redressal pathways via SCORES 2.0, IAASB review and SMARTODR.