Stock and Sale export authorizations: permitted to overseas stockists subject to end-use certifications and IMWG approvals.
Amendments permit bulk export of SCOMET items under the Stock and Sale policy from an Indian exporter to an overseas stockist (subsidiary/parent/affiliate/OEM/EMS/CM) subject to documentary proof of relationship, an End Use/End User Certificate listing destination countries, purchase documentation, technical specifications and compliance documents; IMWG grants authorization and in-principle re-export approvals to specified countries, while re-exports to non-preapproved countries require fresh application with EUCs and supporting documents and will be considered on end-use verification. Reporting, annual inventory statements and penalties for non-compliance apply.

Rights issue timelines shortened; exchanges must validate bids and enable automated validation for faster allotment.
Rights issues must be completed within 23 working days from Board approval; issues must remain open between seven and thirty days. Annexure I sets a detailed timeline from Board approval through RE credit, dispatch of letter of offer, bid validation by Stock Exchanges, Depositories and Registrars, issue closure, reconciliation, allotment, fund transfers, listing and commencement of trading. Stock Exchanges and Depositories must develop an automated investor application validation system within six months. ASBA procedures and the roles of SCSBs, Stock Exchanges and RTAs for public issues apply mutatis mutandis to rights issues. Consequential amendments to the Master Circular and filing procedures are prescribed.

Unified electronic customs bonds enable nationwide obligation management, electronic execution, and linked bank guarantees through phased digital implementation.
The Single Unified Multi-Purpose Electronic Bond framework permits importers and exporters to use one all-India electronic bond instead of separate transaction-wise customs bonds at different ports. Users may select obligations, add obligations or bond amounts later, pay stamp duty electronically, and execute bonds with electronic signatures without notarisation. The system also provides online linking and verification of electronic bank guarantees through ICEGATE, with phased implementation supported by detailed advisories.

GST registration revocation powers are authorised for exercise by the designated Joint Commissioner under the State GST Rules.
The Joint Commissioner of State Taxes and Excise (EIU) is authorised to exercise powers under the first proviso to Rule 23 of the Himachal Pradesh Goods and Services Tax Rules, 2017. The authorisation is issued by the Commissioner under delegated powers available under the Himachal Pradesh Goods and Services Tax Act, 2017 and concerns GST registration revocation proceedings.

GST classification and rates clarified: pepper, popcorn, AAC blocks, and agriculturist supplies exempt from registration.
Clarification of GST classification and rates: pepper of genus Piper is under HS 0904 and attracts 5% GST; dried pepper and raisins supplied by an agriculturist are exempt and such agriculturists are not liable to registration under Section 23(1) of the CGST Act. Ready-to-eat popcorn mixed with salt and spices is under HS 2106 90 99 and attracts 5% GST if other than pre-packaged and labelled and 12% if packaged and labelled; sugar-coated popcorn is under HS 1704 90 90 at 18% GST. AAC blocks with over 50% fly ash fall under HS 6815 attracting 12% GST. The Central TRU circular is to apply mutatis mutandis to the Goa GST Act.

Late fee for delayed annual return arises until the complete GSTR-9 and GSTR-9C are furnished together or subsequently.
Late fee under sub-section (2) of section 47 CGST Act is leviable for delay in furnishing the complete annual return under section 44, which includes both FORM GSTR-9 and FORM GSTR-9C where required; the fee is computed from the due date of the annual return until the date the complete return is furnished and is not separately leviable for delayed furnishing of each form. A waiver exempts additional late fee beyond that payable up to the date of furnishing FORM GSTR-9 for fiscal years up to FY 2022-23 if FORM GSTR-9C is filed by 31 March 2025.

GST applicability on penal charges clarified: penal charges by regulated entities for loan breaches are not subject to GST.
The circular applies the Central TRU clarifications mutatis mutandis in Goa, confirming that penal charges levied by regulated entities under RBI directions are charges for breach of contract and not subject to GST; that RBI regulated Payment Aggregators qualify as "acquiring banks" for the Sl. No. 34 exemption for settlement of single transactions up to two thousand rupees (limited to settlement functions, excluding gateways); and regularises various GST positions on R&D grants, skilling services, renting by unregistered persons to composition taxpayers, electricity ancillary services, and Goethe Institute supplies for specified historic periods on an "as is where is" basis.

GST regularization of co insurance apportionment and reinsurance commission clarifies non supply treatment subject to specified tax payment conditions.
The State directs application mutatis mutandis of the Central Tax Circular regularising GST treatment: apportionment of co insurance premium by the lead insurer is not treated as a supply if the lead insurer bears tax on the entire premium from the insured; ceding/reinsurance commission deducted from reinsurance premium is not treated as a supply if the reinsurer pays tax on the gross premium inclusive of the commission. The Circular gives retrospective regularisation on an "as is where is" basis for the period prior to the statutory amendment and invites reports of implementation difficulties.

Single electronic customs bonds enable nationwide digital compliance, consolidating import, export, warehousing and security obligations through one automated framework.
The Single All-India Multipurpose Electronic Bond framework permits importers and exporters to execute one electronic customs bond through ICEGATE for selected obligations, replacing separate transaction-wise bonds across ports. It covers provisional assessment, export promotion, concessional imports or exports, pending compliance requirements, warehousing, and operations in private or special warehouses. Electronic stamping, stamp-duty payment and electronic signatures are completed through the designated platform without notarisation. Electronic bank guarantees may be linked, validated and tracked online; security must remain valid until the relevant obligations are discharged.

Synthetic diamond export qualifiers: declarations voluntary for lab-grown diamonds under one carat; others remain mandatory.
For exports of Lab Grown Diamonds (HPHT/CVD) weighing less than one carat the declaration of the additional qualifiers is voluntary; for all other imports/exports the mandatory additional qualifiers identifying lab grown diamonds by production method continue to apply as previously required.

General Authorization for Export after Repair permits single registration re exports of imported SCOMET items to related entities under quarterly reporting.
The amendment creates a General Authorization for Export after Repair (GAER) allowing re export of imported SCOMET items repaired in India to related entities and authorized repair supply chain actors abroad on the basis of a one time registration and authorization, conditioned on documentary proof of import and repair obligation, no alteration or value addition, specified recipient sameness, exclusion of sanctioned or high risk destinations, mandatory quarterly post shipment reporting, ICP/AEO compliance where applicable, and DGFT's reservation to suspend, revoke or deny authorizations for proliferation or national security concerns.

Automation of Refund Processing enables electronic filing, tracking and electronic credit of customs refunds with shift to post-audit.
Electronic processing of customs refund claims requires applicants to file on the ICEGATE portal with supporting documents, generates an Application Reference Number on filing, permits reassessment requests and verification of bank details, and provides dashboard status and MIS. Proper officers will scrutinize applications, issue deficiency communications within a prescribed timeline, generate acknowledgements when cured, and communicate show-cause notices or refund orders electronically, while refunds sanctioned will be credited electronically to the applicant's registered bank account through the PFMS system.

Customs refund automation enables electronic filing, scrutiny, orders, status tracking, bank-credit disbursal, and post-audit processing through ICEGATE.
Customs refund applications may be filed electronically through ICEGATE with supporting documents, with re-assessment requests and verification of registered bank details also available online. Filing generates a Unique Application Reference Number, and deficiencies must be communicated through the portal within 10 days. Acknowledgements, show-cause notices, and refund sanction or rejection orders are issued electronically. Sanctioned refunds are credited through PFMS to the registered bank account. Concurrent audit is replaced by post-audit, and ICEGATE provides application-status visibility and refund-pendency monitoring.

GST classification clarifications cover pepper, raisins, popcorn, fly ash AAC blocks and compensation cess effective date.
Pepper of genus Piper, whether green, white or black, is classified under HS 0904 and attracts 5% GST, while an agriculturist supplying dried pepper or raisins from cultivation is exempt from GST. Ready to eat popcorn mixed with salt and spices is classified under HS 2106 90 99 and attracts 5% GST or 12% GST depending on packaging, while caramel popcorn falls under HS 1704 90 90 and attracts 18% GST. AAC blocks containing more than 50% fly ash fall under HS 6815 and attract 12% GST, and the compensation cess amendment applies on or after 26.07.2023.

GST clarifications cover penal charges, payment aggregator exemption, reverse charge rent, electricity utility services, and past-period regularisation.
GST clarifications cover penal charges levied by regulated entities, payment aggregator exemption, regularisation of GST on research and development services against grants, skilling services by NSDC-approved training partners, facility management services to MCD, the status of DDA as a local authority, reverse charge on commercial property rent for composition taxpayers, incidental electricity utility services, and Goethe Institute/Max Mueller Bhawans services. The circular also regularises specified past periods on an as is where is basis where recommended by the GST Council.

GST regularization for co-insurance premium and reinsurance commission transactions under an 'as is where is' basis.
GST on co-insurance premium apportioned by the lead insurer to the co-insurer is regularized where the lead insurer pays GST on the entire premium. Services involving ceding or reinsurance commission deducted from reinsurance premium are also covered, subject to GST being paid by the reinsurer on the gross reinsurance premium inclusive of such commission. The specified activities are treated as outside supply under Schedule III from 01.11.2024, and past GST payment from 01.07.2017 to 31.10.2024 is regularized on an 'as is where is' basis.

Final No Objection Certificate for pet imports to be issued at port round the clock subject to advance NOC and required documents.
The final No Objection Certificate (NoC) for imported pet dogs and pet cats shall be issued by the Animal Quarantine and Certification Service (AQCS) at the port of entry round the clock, provided the owner has obtained an advance NoC after submitting requisite documents and given prior intimation of arrival by email; imports remain restricted to specified notified ports and field formations must publicize and implement the facilitation measures.

GST classification clarified for pepper, raisins, ready-to-eat popcorn, AAC blocks and agriculturist exemptions under council recommendations
Clarification addresses classification and GST rates for specified goods: pepper of genus Piper attracts 5% GST; dried pepper and raisins supplied by agriculturists are exempt and not liable to registration; ready-to-eat popcorn mixed with salt and spices is HS 2106 90 99 attracting 5% GST if unpackaged and 12% if packaged and labelled, while sugar-coated popcorn is classifiable as sugar confectionery attracting 18% GST; AAC blocks with over 50% fly ash fall under HS 6815 attracting 12% GST; the amended Compensation Cess entry for utility vehicles applies from the amendment's effective date.

GST classification and rate clarity for pepper, raisins, popcorn, fly ash blocks, and utility vehicles.
Pepper of the genus Piper is classified under HS 0904 and attracts 5% GST, while dried pepper and raisins supplied by an agriculturist who is not liable to registration are exempt from GST. Ready to eat popcorn mixed with salt and spices is classified under HS 2106 90 99 and attracts 5% or 12% GST depending on packaging, while sugar-mixed popcorn is classified as sugar confectionary and attracts 18% GST; the past period up to 14.02.2025 is regularized on an as is where is basis. AAC blocks containing more than 50% fly ash fall under HS 6815 and attract 12% GST, and the amended compensation cess entry for utility vehicles applies on or after 26.07.2023.

Customs refund automation moves claims to online ICEGATE filing, with manual applications restricted after the transition period.
Automation of customs refund application and processing has been enabled on the Customs Automated System for electronic disbursal of refunds. Refund claims may be filed manually or online only during the transitional period up to 31.03.2025. After that date, future refund claims are to be filed through the online ICEGATE portal mode only, and manual refund applications will not be accepted except where permitted by the Pr. Commissioner or Commissioner of Customs for reasons recorded in writing.