Entry exemption for perishable agricultural goods at ICP Attari authorises specified freight trucks to enter for export clearance.
A one time exemption to the ICP Attari closure permits entry of 162 freight trucks carrying perishable agricultural goods from Afghanistan at ICP Attari. The Ministry of Home Affairs OM dated 07 May 2025 authorised these specified consignments notwithstanding the closure, and CBIC Instruction No. 09/2025-Customs (09 May 2025) directed customs field formations to admit and facilitate the listed vehicles and their transit/clearance.

Disclosure of financial information in REIT offer documents strengthened; revised continuous disclosure, NDCF calculation and audit requirements enforced.
Revision of Master Circular Chapters 3 and 4 requires REIT offer documents to include audited historical financials, project wise operating cash flows, related party disclosures, capitalisation and debt histories, statements of net assets and total returns at fair value, and certified projections; combined financial statements for initial offers and consolidated statements for follow on offers must follow Ind AS with specified modifications. Pro forma and combined/carve out financial statements are required for material acquisitions/divestments and must be certified/audited per ICAI guidance. A detailed framework for computing Net Distributable Cash Flows at SPV/HoldCo and Trust levels and periodic continuous disclosure, audit, approval and website, investor redressal and borrowing related disclosures are prescribed.

InvIT disclosure rules updated: enhanced financial, proforma and NDCF reporting plus stricter audit and continuous disclosure obligations.
The circular revises Chapters 3 and 4 of the InvIT Master Circular to mandate expanded offer-document and continuous disclosure requirements: audited financial statements for three years (and stub periods), combined statements for initial offers, certified proforma financial statements when material acquisitions/divestments occur, and detailed audit, certification and peer-review requirements. It prescribes a multi-level framework for computing Net Distributable Cash Flows (NDCF), rules on inclusions/exclusions, retention limits, distribution policy and prohibitions on debt-funded distributions. Chapter 4 updates timelines, statement formats, comparative disclosures, audit/limited-review norms, website/grievance obligations and extra disclosures for borrowings.

Amendment to Standard Input Output Norms updates import item description and permitted input quantities for a specified export product.
Amendment to Standard Input Output Norms A-1294 changes the import-item description at Sl. No. 2 from "Ethanol" to "Denatured Ethyl Alcohol" with an input quantity of 0.435 kg; the notice also records input allowances for Phthalic Anhydride (0.700 kg) and Di-Ethyl Phthalate (1 kg). The Public Notice is issued by the Directorate General of Foreign Trade and takes effect immediately.

Investor Charter publication requirement compels KRAs to disclose KYC services, rights, and grievance procedures publicly.
SEBI requires registered KRAs to publish an Investor Charter on their websites and prominently at offices, detailing KRA services (centralized KYC registration/modification, status tracking, solicited/unsolicited feeds, alerts, verification of KYC attributes and KYC status categories), data protection commitments, investor rights to privacy and record access, Do's and Don'ts, and a three-tier grievance redressal mechanism comprising direct KRA complaint with 21-day resolution, escalation via a centralized complaints system, and further dispute resolution through an online ODR portal. The requirement is issued under Section 11(1) of the SEBI Act.

GST registration documentary limits: officers must accept prescribed proofs and refrain from seeking non prescribed documents, ensuring timely approval.
Officers must limit documentary demands to the indicative list in the registration form and avoid presumptive or non prescribed queries. For Principal Place of Business, any one listed ownership document or equivalent state/local proof suffices for owned premises; rented/shared premises require rent/lease agreements plus a single lessor ownership document, with identity proof needed only where the lease is unregistered. Constitution of business must be established by prescribed constitution documents only. Risk flagged or unauthenticated applications may require physical verification, with prescribed reporting and upload requirements; formal notices may be issued only on limited documented grounds.

Waiver under Section 128A: taxpayers who paid assessed tax may obtain relief from disputed interest or penalty despite appeals.
Where a taxpayer has fully paid the tax assessed under Section 73 and only interest and/or penalty remain in dispute, the taxpayer is eligible for the waiver under Section 128A if other statutory conditions are met; the proper officer may withdraw departmental appeals limited to contested interest calculations or contested penalty imposition, or accept orders under review, so as not to deny relief on mere technicalities and to reduce litigation.

Standard Input Output Norms reinstatement restores SION C-888 trade input requirements for stainless steel washers under trade policy.
Reinstatement and amendment of the Standard Input Output Norms (SION C-888) under the Foreign Trade Policy reinstates SION C-888 and prescribes input-output requirements for stainless steel washers, specifying allowable imported inputs as prime or secondary stainless steel sheets, sheet cutting, coils, strips or plates of relevant grade and thickness against the exported washers; the notice records a textual correction to the product description.

Stock & Sale authorization tightened: revised SCOMET framework mandates broader stockist definition, EUC documentation, and annual transfer reporting.
Amendments expand the Stock & Sale framework by broadening the Stockist definition to include subsidiaries, affiliates, OEMs, EMS providers, and contract manufacturers; require ANF-10B applications with an End User Certificate, corporate relationship proof, commercial and technical documents, compliance/AEO details where applicable, and an undertaking against military/WMD diversion. IMWG grants export authorization to stockists and in-principle re-export approval to specified countries; transfers within the stockist's country and re-exports to pre-approved countries need reporting but not new authorizations. Re-exports to other countries require fresh approval with end-use verification, and annual inventory and transfer reports are mandatory.

Border checkpoint access modified - Attari ICP now permits Pakistani nationals to exit and Indian nationals to enter.
An earlier order closed the Integrated Check Post, Attari to all passenger movements and goods. That order has been partially modified to permit a Pakistani national with Pakistani travel documents to exit India into Pakistan and an Indian national with Indian travel documents to enter India from Pakistan through the ICP at Attari, until further orders; other restrictions and suspension of goods movement remain unless otherwise amended.

Section 128A waiver clarified for GSTR-3B payments and mixed-period GST demands under Gujarat GST rules.
Section 128A of the Gujarat GST law grants waiver of interest or penalty or both for specified Section 73 demands, and this clarification addresses how the benefit applies where tax was paid through FORM GSTR-3B before 1 November 2024 instead of FORM GST DRC-03. Such pre-1 November 2024 GSTR-3B payments, if intended toward the demand, remain eligible subject to verification, while post-1 November 2024 payments must follow Rule 164. For mixed-period notices or orders, the taxpayer may pay the covered liability and file FORM SPL-01 or FORM SPL-02 to intimate non-pursuit of the appeal for the covered period.

Prohibition on import from Pakistan: immediate ban on direct or indirect import or transit, exceptions require prior government approval.
Prohibition on import or transit of goods originating in or exported from Pakistan is effected by insertion of Para 2.20A into the Foreign Trade Policy, 2023, imposing an immediate ban on direct and indirect importation or transit of all such goods until further orders; exceptions require prior Government of India approval and customs authorities are directed to sensitize officers and report difficulties to the Board.

Separate Business Unit permitting stock brokers to operate in GIFT IFSC subject to regulatory ring fencing and segregated accounts.
SEBI permits registered stock brokers to operate securities market related activities in GIFT-IFSC through a Separate Business Unit (SBU), qualifying branch, or subsidiary without specific SEBI approval. SBUs must engage only in IFSCA permitted activities, be subject to the concerned regulatory authority's framework, and be segregated and ring fenced from the broker's Indian securities market activities with separate accounts and segregated net worth. Exchange grievance mechanisms, Investor Protection Fund and SCORES will not apply to SBU clients.

Fake GST registrations and bogus input tax credit require field verification, beneficiary tracing, and cancellation ab initio of non-genuine entities.
GST field officers are instructed to treat fake registrations, fake invoices, and wrongful availment or utilisation of input tax credit as serious revenue-risk indicators. Non-genuine taxpayers include entities issuing invoices without actual supply, persons obtaining registration by fraud or suppression of facts, and shell or dummy entities used for bogus refunds, e-way bills, or circular movement of credit. Officers are directed to remain alert to suspicious registrations and to act on data shared by the apex office or other sources, together with existing instructions and guidelines aimed at curbing fake registrations. Mandatory field verification is to be assigned to suspected registrations, with evidence collected on the existence and genuineness of the business. Where verification shows a non-existent taxpayer engaged only in passing on input tax credit without genuine business activity, the registration should be suspended and then cancelled ab initio from the effective date of registration. Officers are also directed to trace the beneficiaries in the ITC chain, detect bill trading and similar malpractices, and take lawful measures necessary to identify linked suspicious GSTINs and protect government revenue.

Audit access to records: field formations must promptly provide custody records and secure taxpayer documents for statutory audit teams.
Field formations must promptly provide records and information in their custody or required to be maintained by them to the national audit authority conducting statutory audits; where documents reside with taxpayers, jurisdictional officers should request and follow up with taxpayers to procure and submit the records without delay.

Grievance redressal mechanism for GST registration enables applicants to raise ARN-based complaints with zonal commissioners for resolution.
A grievance redressal mechanism requires Principal Chief Commissioners/Chief Commissioners to publicize an email for receipt of ARN-based GST registration grievances, receive ARN, jurisdiction and issue summary, forward State-jurisdiction matters to the concerned State with copy to the GST Council Secretariat, ensure timely resolution or advise applicants where queries are proper, and submit monthly grievance status reports to DGGST for Board compilation.

Proper officer designation for GST amnesty allows TPS vertical officers to process waiver applications under delegated functions.
Functions under Section 79 are assigned to Deputy State Tax Officers and Assistant State Tax Officers in the Taxpayer Services vertical to enable DSTOs/ASTOs to process applications under Section 128A (waiver of interest or penalty) in accordance with Rule 164 and applicable pecuniary limits; Table 1 of Circular No. 5/2023 is amended to remove a prior reference and to insert Sub section (1) of Section 79 as a distinct entry, implementing the transfer of 128A applications to the TPS vertical.

Cybersecurity compliance thresholds revised: categorisation and exemptions updated, with HSM mandate for top-tier regulated entities.
The circular revises CSCRF classification thresholds and exemption rules, fixes an RE's category for the financial year based on prior year data, and prescribes that the higher applicable category applies where multiple thresholds are met. It specifies recategorizations and exemptions for stock brokers, DPs, IAs, RAs, KRAs, portfolio managers, AIF/VCF managers, MBs and RTAs, reallocates reporting authority for IAs and RAs to BSE Ltd., mandates a dedicated Hardware Security Module for MIIs and Qualified REs while permitting alternatives for lower categories subject to board approved risk assessment, and aligns cyber audits with prior CSCRF guidance.

Section 128A waiver clarifies GSTR-3B payments, prescribed payment modes, and mixed-period appeal procedures under APGST.
Section 128A and Rule 164 are clarified for availing waiver of interest or penalty, or both, on Section 73 demands for 1 July 2017 to 31 March 2020. Tax paid through FORM GSTR-3B before 1 November 2024 is treated as eligible where intended towards the relevant demand, while post-commencement claims must follow the prescribed payment modes. For notices or orders covering both covered and uncovered periods, the taxpayer may file FORM SPL-01 or FORM SPL-02 after paying the covered-period liability and intimate the appellate forum of the intention not to pursue the appeal for that period.

Export policy alignment with Finance Act amendments: consultation invited for Schedule II ITC(HS) 2022, submissions required within seven days.
DGFT issues a consultative Trade Notice seeking stakeholder comments within seven days to align Schedule-II (Export Policy) of ITC(HS) 2022 with Finance Act, 2025 amendments. Annexure I proposes insertions and substitutions to Chapter and Supplementary Notes (e.g., definitions for "Rice, GI recognised" and "makhana" and extensive replacements in Chapters 29 and 38). Annexure II sets out HS code-level changes including deletions, reclassifications and revised policy conditions (Free/Restricted) and inspection certificate requirements for specific tariff items.