GST rate revision for tobacco products and biris reclassifies specified goods across tax schedules and omits the 14% entries.
Bihar GST rate notification amends the State tax rate schedule under the Bihar Goods and Services Tax Act, 2017. Biris are inserted in Schedule II at 9%, while pan masala, unmanufactured tobacco and tobacco refuse other than tobacco leaves, cigars, cheroots, cigarillos and cigarettes, other manufactured tobacco and tobacco substitutes other than biris, and products containing tobacco or nicotine substitutes intended for inhalation without combustion are inserted in Schedule III at 20%. The notification also omits the entries in Schedule VII at 14%, thereby revising the applicable rate structure for specified tobacco and related goods.

Electronic postal export declarations require revised forms, scheme-specific eligibility declarations, audit records, and electronic processing for all postal exports.
Electronic Postal Bills of Export are substituted for e-commerce postal exports and other postal exports. The forms require exporter, consignee, parcel, product, invoice, valuation, classification, duty, tax and postal tracking information, with additional e-commerce disclosures in Form PBE-III. Where drawback, RoDTEP or RoSCTL is claimed, exporters must provide scheme-related details and make prescribed declarations on eligibility, non-duplication of relief, compliance and audit records. Exporters must also undertake foreign-exchange compliance, certify submitted information, and file electronically.

Fixation of tariff values for edible oils, brass scrap, areca nut, and specified gold and silver imports.
Substitutes Tables 1-3 in the principal customs notification to fix unit tariff values in US dollars for specified imported goods - edible oils, brass scrap, areca nuts, and specified forms of gold and silver - under the powers of sub-section (2) of section 14 of the Customs Act, 1962, with the amendments taking effect the day after issuance.

Exports by post: duty credit issuance permitted via electronic entries processed on the customs automated system.
Amendment expands duty credit issuance to include electronic entries for exports by post alongside shipping bills and bills of export, substitutes clause to cover issuance where an order permitting clearance and loading for exportation has been made, inserts a requirement that exports through foreign post offices allow electronic presentation and processing on the customs automated system, and amends the Explanation to paragraph 6 and the table entry against Sl. No. 13 for consistency.

RoDTEP scheme duty credits for exports by post now allowed via electronic entry and automated processing.
The notification amends the RoDTEP procedural rules to add explicit recognition of entries made electronically for exports by post under section 84 alongside shipping bills and bills of export, substitutes clause (d) to cover electronic entries where clearance and loading orders are made, inserts sub paragraph (5A) confirming exports through foreign post offices processed on the customs automated system, and updates the Explanation to paragraph 6 and the table entry against Sl. No. 13 to reflect these inclusions.

Customs drawback rules now treat postal export entries under section 84 as drawback claims upon EDI receipt when clearance is permitted.
Amendments add export entries made under section 84 for exports by post to the Drawback Rules, inserting those entries alongside bills of export in rules 8 and 13 and altering rule headings. Rule 14 now provides that an electronic entry under section 84 for exports by post is deemed to be a claim for drawback when received on the Electronic Data Interchange after the proper officer permits clearance and loading, and such deemed claim must be retained by that officer.

Mutual funds regulations set registration, governance, investment limits, trustee oversight, NAV, expense caps and enforcement rules.
These regulations create a comprehensive regime for mutual funds, specifying procedures for obtaining a certificate of registration, detailed eligibility and continuous net worth requirements for sponsors and AMCs, trustee duties to supervise AMCs and protect unitholders, operational obligations for AMCs (systems, key personnel, co investment and broker limits), investment categories and restrictions, daily NAV computation, expense ratio caps and disclosure requirements, tailored regimes for Specialized Investment Funds and Mutual Fund Lite, and Board powers for inspection, enforcement and regulatory relief.

West Bengal Building and Other Construction Workers Welfare Board granted tax exemption for specified welfare income, subject to compliance.
Notification under section 10(46) notifies the West Bengal Building and Other Construction Workers Welfare Board as exempt in respect of cess collected under the Building and Other Construction Workers Welfare Cess Act; registration fees and yearly subscriptions from registered workers; grants in aid and loans from Government; and interest from investments, subject to conditions prohibiting commercial activity, requiring unchanged activities and income character, and mandated return filing under clause (g) of subsection (4C) of section 139.

Bhogapuram airport designated for unloading imported goods and loading export goods under customs notification amendment.
Insertion of entry (d) Bhogapuram into the Table of Notification No. 61/94-Customs (N.T.) designates Bhogapuram airport in Andhra Pradesh for the unloading of imported goods and the loading of export goods or any class of such goods, under powers granted by section 7 of the Customs Act, 1962.

Credit rating agency regulations amended to permit Board specified activities and ratings under other regulators' purview.
Regulation 9(f) is amended to permit credit rating agencies to carry out any other activities as specified by the Board and to carry out ratings of financial instruments under the purview of other financial sector regulators or authorities specified by the Board. The substituted Explanation requires ratings to be in accordance with the respective rating guidelines specified by the relevant regulator or authority and remain under that regulator's purview. The existing proviso to clause (f) is omitted.

Renewal of recognition to AMC Repo Clearing Limited for one year, limited to repo clearing and settlement in debt securities.
Renewal of recognition is granted to AMC Repo Clearing Limited for one year from 17 January 2026 to 16 January 2027, under the statutory recognition framework, subject to compliance with conditions prescribed by rules or specified by the regulator, and on the proviso that the Clearing Corporation shall undertake only clearing and settling of repo and reverse repo transactions in debt securities dealt with or traded on a recognized stock exchange.

National Financial Reporting Authority appoints four specified part-time members under amended appointment rules, effective on Gazette publication.
Amendment revises rule 2 of the 2022 appointment rules to substitute four named part-time members-a Joint Secretary (Ministry of Corporate Affairs), the Deputy Comptroller and Auditor General of India, the Chief Financial Officer (Reserve Bank of India), and an Executive Director (SEBI). The rules are made under the Companies Act authority and take effect on publication in the Official Gazette.

Export and import of goods and services: declarations, timelines, authorised dealer oversight, and mandatory reporting requirements.
These Regulations require exporters to submit an Export Declaration Form (EDF), prescribe fifteen month realisation timelines (eighteen months if invoiced in INR), empower Authorised Dealers to verify genuineness, update/close EDPMS/IDPMS entries, permit limited declaration based closures for small values, allow extensions, reductions, set off and third party payments where bona fides are shown, and mandate Authorised Dealers to maintain SOPs and report transactions in FETERS.

Tariff values for edible oils, brass scrap, areca nut, gold and silver fixed and made operative from the commencement date.
Substitution of Tables 1-3 in the principal Customs (N.T.) notification fixing tariff values in US dollars for specified imported commodities-edible oils, brass scrap, areca nut, and defined forms of gold and silver-with explanatory notes on covered forms and exclusions; the amendment is made under section 14(2) of the Customs Act, 1962 and the new values take effect from the stated commencement date.

Investor Education and Protection Fund Authority appoints an Executive Director as an ex officio Member under Companies Act powers.
The Central Government, exercising powers under sections 125(5) and 125(6) of the Companies Act, 2013 read with Rules 5 and 7 of the IEPF Authority Rules, 2016, substitutes serial number 3 of the principal notification to designate Smt. Sonali Sen Gupta, Executive Director, as an ex officio Member of the Investor Education and Protection Fund Authority.

Corrigenda: textual corrections to multiple 2025 Acts and a regulation, fixing typographical, numbering, and pronoun errors.
Corrigenda make narrow textual amendments to several 2025 enactments and one regulation: correcting typographical errors, clause lettering, subsection cross reference, and pronoun/punctuation usage in the Health Security Se National Security Cess Act, the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India Act, the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, and the Lakshadweep (Indian Stamp Amendment) Regulation, with each replacement specified by page and line in the Gazette publication.

Core Settlement Guarantee Fund notified for tax treatment of specified income for AY 2024-25; filing and recognition conditions apply.
Notification under clause (23EE) of section 10 designates the Core Settlement Guarantee Fund (PAN: AAAJA3150B), set up by AMC Repo Clearing Limited, as entitled to the tax treatment for specified income in Explanation (iii) for assessment year 2024-25 and subsequent years, subject to conditions including filing returns under sub-section (4C) of section 139 and continued recognition of AMC Repo Clearing Limited as a clearing corporation.

Normal Butanol imports from EU, Malaysia, Singapore, South Africa and USA: anti-dumping duty extended until 12 July 2026.
Anti-dumping duty continues to apply to imports of Normal Butanol (N-Butyl Alcohol) originating in or exported from the European Union, Malaysia, Singapore, South Africa and the United States; the Central Government, invoking the Customs Tariff Act and applicable anti-dumping rules, inserts a provision keeping the duty in force up to and inclusive of 12th July 2026 unless earlier revoked, superseded or amended.

Stock brokers and clearing members must register, meet networth and conduct standards, and implement surveillance and reporting systems.
These regulations create a framework for registration and regulation of stock brokers and clearing members: procedures for grant or refusal of a certificate, eligibility and fit and proper criteria, conditions on certificates including notification of material changes and prior approval for change in control, and transitional requirements. Registered brokers must maintain prescribed books and records, appoint a compliance officer, protect client funds and securities, implement risk management and cybersecurity, adhere to conduct standards, and comply with surveillance, whistleblower and reporting obligations. Inspections, audits, fee collection, networth and deposit requirements, and enforcement powers are specified.

Gorakhpur Industrial Development Authority tax exemption effective AY 2025-26 under section 10(46A), conditional on specified purposes.
Gorakhpur Industrial Development Authority is notified as an authority for the purposes of clause (46A) of section 10 of the Income-tax Act, with tax exemption on specified income effective from assessment year 2025-26, subject to the condition that the assessee continues to be constituted under the State industrial area development enactment and to have one or more purposes specified in sub-clause (a) of clause (46A); the notification includes a certification that retrospective effect does not adversely affect any person.