Removal of port restrictions restores free export of finished and semi-processed leather, ending mandatory testing requirements.
The DGFT has revoked export controls by removing port restrictions on Finished, Wet Blue and El tanned leather and eliminating the requirement for CLRI testing and certification for Finished Leather, Wet Blue Leather, Crust Leather and El tanned leather; the earlier CBIC instruction of 16-04-2013 is withdrawn and customs officers are to be sensitized and report implementation difficulties.

Chartered Engineer Empanelment requires proven valuation competence, independence, disclosure, and ethical compliance for used machinery inspections.
Empanelment of Chartered Engineers for valuation of imported second-hand and used machinery requires prescribed engineering qualifications, valuation experience, professional membership, supporting records and eligibility verification. Applicants must maintain a clean professional and legal record, provide full disclosure, act independently, avoid conflicts of interest and comply with applicable valuation standards and departmental requirements. Only notified qualifying persons may conduct inspections or valuations. Empanelled Chartered Engineers must submit timely valuation reports and periodic self-appraisals, preserve records and cooperate with oversight. Negligence, misleading valuation, misconduct or incorrect information may lead to suspension, cancellation, removal and further legal action.

Certificate of Origin (Non Preferential) authorization: Ayush Export Promotion Council added to FTP Appendix for issuing certificates effective immediately.
Authorization is granted to an export promotion council to issue Certificate of Origin (Non Preferential) under paragraph 2.04 of the Foreign Trade Policy 2023, and the council is added to Appendix 2E as an authorized issuing agency with immediate effect; contact details and regional serial placement in the Appendices are recorded for operational use.

FutEq Open Interest reform strengthens position limits and intraday monitoring to protect derivatives market integrity.
SEBI requires delta adjusted portfolio level Open Interest (FutEq OI) for futures and options, recalibrates Market Wide Position Limits (MWPL) for single stocks tied to cash market delivery liquidity, and mandates end of day and intraday monitoring against 95% MWPL. During MWPL ban periods, entities must reduce end of day FutEq OI (delta) rather than change sign; passive price driven increases are excluded. Stock Exchanges and Clearing Corporations must prepare joint SOPs with SEBI for monitoring, intraday snapshots, penalty frameworks, and operationalise position limits and glide path arrangements for index derivatives.

Pending Bond/BG closure applications under AA and EPCG require Deficiency Memo responses and supporting documents to EPM.
Lists of pending Bond/BG closure applications for Advance Authorization and EPCG licences at ICD Tughlakabad are provided, many entries marked as incomplete with Deficiency Memos issued; stakeholders must submit DM replies and supporting documents to the EPM section or collect missing DMs, report annexure discrepancies, and note the Commissionerate's effort to expedite disposal by 30 June 2025.

Designation of CPIOs and Appellate Authorities under RTI Section 5(1) for a customs commissionerate with specified administrative charges.
Officers are nominated as Central Public Information Officers and Assistant Public Information Officers under Section 5(1) of the Right to Information Act, 2005 for the Bangalore City Customs Commissionerate, with specified office addresses and emails. The notice assigns precise functional charges to each CPIO-such as export promotion, warehousing, audit, reports, licensing, vigilance, adjudication, examination at ICDs/CFS, bonds and BG monitoring, refunds/drawbacks, system management and TSK-and confirms each officer will act as CPIO for those charges and undertake other assigned work.

Extension of return filing due date: deadline for specified non audited assessees extended under Section 119 to mid September.
The Central Board of Direct Taxes, exercising powers under Section 119 of the Income tax Act, extends the due date for furnishing the return of income under sub section (1) of section 139 for assessees referred to in clause (c) of Explanation 2 to sub section (1) of section 139 for the Assessment Year 2025 26, moving the filing deadline from 31st July, 2025 to 15th September, 2025.

Expiry day limitation to designated weekdays restricts equity derivatives expiries to a chosen weekday, with monthly tenors.
SEBI requires exchanges to limit equity derivatives expiries to one chosen weekday (Tuesday or Thursday), permit one weekly benchmark index options contract on that weekday, and offer all other equity derivatives with a minimum one month tenor expiring in the last week of each month on the exchange's chosen weekday; changes to an existing settlement day require prior SEBI approval and exchanges must update systems and bylaws to implement the framework.

Appointment process for key management personnel now requires independent search, NRC review and Governing Board final approval.
Mandates a governance process for appointment and related actions for specified KMPs (Compliance Officer, Chief Risk Officer, Chief Technology Officer, Chief Information Security Officer): MIIs must engage an independent external agency to recommend candidates, the NRC evaluates recommendations and, after discussion with management, forwards recommendations to the Governing Board which makes the final appointment decision. NRC similarly evaluates re-appointments, terminations and resignations, and Governing Boards must give KMPs a reasonable opportunity to be heard before termination. Governing Boards must prescribe cooling-off periods for KMPs joining competing MIIs and record and inform SEBI when a PID is not re-appointed.

CIRP reporting reform: consolidated CP-1 to CP-5 forms and mandatory monthly electronic filing with specified timelines.
The IBBI has replaced nine CIRP reporting forms with five consolidated forms CP-1 to CP-5, established a standard monthly reporting cycle, prescribed scopes and timelines for each form, mandated electronic filing via the IBBI platform with DSC/e-signature, set transitional rules for ongoing and admitted CIRPs including extended deadlines to 30 September 2025 and first CP-5 by 10 July 2025, and allowed a no-penalty period for delayed filings during July-September 2025. The circular is issued under section 196(1)(aa) of the IBC.

Adjudication under Section 74A now to be handled by Taxpayer Services Vertical, standardising notice and adjudication timelines.
All Show Cause Notices issued under Section 74A of the State GST Act shall be adjudicated by the jurisdictional adjudicating authority in the Taxpayer Services Vertical. Numbering and formats for SCNs and Adjudication Orders under Section 74A shall follow Circular No. 04/2024, using the same SCN and Order numbering formats and the existing Show Cause Notice Register and Order in Original Register. These instructions take effect from 1 November 2024.

GST portal compliance requires same-day upload of orders, with strict action for delayed or incomplete posting.
Same-day upload of orders passed under the Goods and Services Tax Act is mandated for all field officers in Uttar Pradesh, following judicial concern over delayed uploading of appellate orders on the GST portal. Officers are instructed to ensure that every order is uploaded on the GST portal on the very day it is passed. Strict compliance is required, and non-observance may lead to strict action against the concerned officer.

Digital KYC accessibility required for intermediaries to enable inclusive digital account opening for persons with disabilities.
The circular requires that the digital KYC process be made accessible to persons with disabilities, including visual impairments, and directs intermediaries to implement digital accessibility measures and follow the revised FAQ on Account Opening by Persons with Disabilities published on the regulator's website, issued under the regulator's statutory regulatory powers.

Anti-dumping duty exemption for titanium dioxide imports when declared for specified excluded end uses at clearance.
Imposition of Anti-Dumping Duty on Titanium Dioxide from China PR is limited to specified end uses and excludes use in food, pharma, skin-care, textile, fibre, and Nano/ultra-fine TiO2. The customs system is enabled to avoid ADD collection for excluded uses where the importer files declaration STMT_CODE CUA01 in the Bill of Entry (for tariff headings including 28230010, 32061110 and 32061190), undertaking to pay ADD with interest if goods are supplied for non-excluded uses; officers will receive system messages during assessment.

SEZ approvals and area conversions reshape multiple development projects, with extensions, co-developer changes, denotifications and a new SEZ cleared.
Extension of validity of Letters of Approval for SEZ developers and units was considered in multiple cases, including approvals for a further year and one regularised extension after the non-extension gap. The Board also approved co-developer status, expansion of built-up area, additional land inclusion and surrender of land, subject to SEZ Act and Rules compliance, related co-development agreements, and taxability scrutiny by the Assessing Officer. Requests for conversion of processing area into non-processing area, partial de-notification, and new SEZ approval were also acted upon, while some appeals were deferred or remanded for reconsideration.

Reporting requirement for partly paid units: transitional window for prior issuances and ongoing thirty day filing obligation.
Issuance of partly paid units to persons resident outside India must be reported in Form InVI on the FIRMS portal within 30 days; prior issuances may be reported within 180 days from the circular date without late fees, and issuances on or after the circular date remain subject to the 30 day reporting timeline.

Container scanning status verification enables stakeholders to check selection, scanning and examination status online after manifest finalisation.
Container scanning status verification is available through the Customs Scanning Division, Chennai online portal. Users may check whether a container has been selected for scanning, scanned, examined, and whether examined images have been uploaded. Verification requires the container number, Import General Manifest number and Import General Manifest date. Status is available only after the Import General Manifest is finalised by the Container Scanning Module of the National Customs Targeting Centre.

Post-export conversion: electronic amendment framework limits sensitive shipping bill changes to senior customs approval.
The regulations create an electronic post-export amendment mechanism for shipping bills as an Export Entry, permitting conversion into instrument-based schemes and drawback modes subject to fulfilment of all scheme conditions, reversal of inadmissible benefits, absence of contraventions, and compliance with presentation requirements. Sensitive fields-including ports, destination country, invoice AD code and value, HS code, description, and quantity-may be amended only with Additional or Joint Commissioner approval. A uniform one-year conversion time-limit applies with transitional computation rules, and applicants must submit a declaration and evidence; single deficiency memos will be issued after preliminary scrutiny.

Return to Sender procedures: cancellation of customs duty and inspection steps for returning undelivered postal parcels.
Procedure requires the Foreign Post Office to submit a monthly list of RTS/undelivered parcels in Annexure-A format for verification and cancellation of customs duty under the Universal Postal Convention. Customs inspectors must inspect received parcels under Section 17(2) of the Customs Act within one day to confirm intactness and absence of tampering, submit inspection reports to the Superintendent/Appraiser, who may perform a random check before forwarding recommendations to the Principal Commissioner to enable return to origin.

Red Sanders seized by DRI and Customs must be disposed by jurisdictional Customs under CITES-compliant export quota procedures.
Disposal of seized Red Sanders must be undertaken by Disposal units of jurisdictional Customs formations, including DRI seizures, following prescribed procedures: engage designated public trading agencies, undertake grading and tendering, obtain DRI authorisation for DRI-origin lots, secure Certificate of Origin, DGFT export license and MoEFCC/CITES NoC per SOP, maintain registers and reconcile stocks with MoEFCC/CITES MA, and ensure domestic disposals proceed via State Forest Departments through auction/sealed tender with proceeds handled as directed.