Foreign Trade Policy amendment updates agency name in Para 4.41(5) to International Gemmological Institute (India) Limited.
The Directorate General of Foreign Trade has, with immediate effect, amended paragraph 4.41(5) of the Foreign Trade Policy, 2023 to replace the listed agency name "International Gemmological Institute (India) Pvt. Ltd." with "International Gemmological Institute (India) Limited," updating the entry at serial number (5) of that paragraph by administrative notification.

Restoration of RoDTEP reinstates export support for Advance Authorisations, SEZs and EOUs under Appendix rates.
Restoration of RoDTEP reinstates export incentive support for goods manufactured under Advance Authorisations, Special Economic Zones, and Export-Oriented Units, effective from 01.06.2025. Applicable rates and newly aligned HS codes are set out in Appendix 4RE and procedural details are available on the DGFT portal under the RODTEP regulations link; Appendix 4RE is referenced as the rate source but has been removed from the DGFT site.

RoDTEP Schedule aligned to Customs Tariff changes; amended rates effective 01.05.2025 (DTA) and 01.06.2025 for exporters.
Amendments align the RoDTEP Schedule (Appendix 4R) with changes to the First Schedule of the Customs Tariff Act, adjusting RoDTEP rates and value caps for specified tariff items and publishing detailed HS codes and revised rates; Annexure A applies to DTA units effective 01.05.2025 and Annexure B to AA/EOU/SEZ units effective 01.06.2025.

Special Court designation under PMLA updates territorial jurisdiction to cover entire local area, altering trial venue scope.
The Central Government amends the principal notification to substitute, for the State of Chhattisgarh, the designated forum as the Court of VI Additional Sessions Judge, Raipur, and the territorial jurisdiction as the entire State of Chhattisgarh, updating the Gazette entry of S.O. 372(E).

Traffic-in-transit route via rail: Raxaul-Birganj railway designated under Treaty of Transit enabling regulated transit operations.
The railway line connecting Raxaul in India and Birganj in Nepal is designated as a traffic-in-transit route by amendment to Notification No. 63/1994-Customs (N.T.), with transit operations to be governed by the Treaty of Transit between India and Nepal dated 1 June 2023.

Customs exemption condition removed for Bangalore Rose Onion, altering notification entry to allow exemption under Customs Act.
Amends Notification No. 55/2022-Customs by substituting the entry in column (5) against Sl. No. 1 with "-", thereby removing the condition for availing the exemption on Bangalore Rose Onion. The change is effected under sub-section (1) of section 25 of the Customs Act, 1962 and references the principal notification and its prior amendment.

Ministerial designation change aligns Central Advisory Board rule with Ministry of Labour and Employment; draft open for public consultation.
The draft substitutes the ministerial reference in rule 3(3)(i) of the Code on Wages (Central Advisory Board) Rules, 2021 with "Minister in Charge, Ministry of Labour and Employment, Government of India", establishes the short title as the Code on Wages (Central Advisory Board Amendment) Rules, 2025 and sets commencement upon publication in the Official Gazette; the draft is published for public consultation with submissions to be made to the identified Ministry official within the prescribed consultation period.

Late fee waiver for delayed GSTR-7 filings: excess daily charges and fees for nil-tax months are relieved.
Registered persons required to deduct tax at source who failed to furnish FORM GSTR-7 for June 2021 onwards by the due date shall have the portion of late fee exceeding twenty-five rupees per day waived, with the total amount exceeding one thousand rupees waived, and where state tax deducted is nil for a month the total late fee for that month shall stand waived; the notification takes effect from 1 November 2024.

Category II Alternative Investment Funds may invest primarily in unlisted securities and rated listed debt, including via other AIF units.
The amendment to regulation 17(a) permits Category II Alternative Investment Funds to invest in investee companies or in units of Category I or other Category II AIFs as disclosed in the Placement Memorandum. It explains that Category II AIFs shall invest primarily in unlisted securities and/or listed debt securities rated 'A' or below by a credit rating agency registered with the Board, directly or through units of other AIFs, in the manner specified by the Board.

GST amendment on mixed-period demands clarifies refund limits and appeal intimation for section 128A cases.
The amendment to rule 164 of the Uttar Pradesh Goods and Services Tax Rules, 2017 modifies refund and appeal procedure for cases involving notices, statements, or orders under section 128A. It clarifies that no refund is available for tax, interest, or penalty already discharged for the entire period before commencement where the demand is partly for the specified period and partly for another period. It also provides that, in mixed-period demands, the applicant may intimate that the appeal is not being pursued for the covered period, and the appeal is deemed withdrawn only to that extent.

Supply classification under section 15(5): online money gaming, other online gaming and casino actionable claims notified.
Notification under the Delhi GST framework notifies three supplies under section 15(5): supply of online money gaming, supply of online gaming other than online money gaming, and supply of actionable claims in casinos, thereby classifying these supplies for valuation and tax treatment under the DGST Act and setting an operative commencement date.

Appointment of Additional Commissioner of Central Tax replaces prior entry in state GST notification naming new Bhubaneswar officer.
Amendment under Section 96 of the Odisha GST Act substitutes the existing serial number 2 entry in Notification No. 27485-FIN-CT1-TAX-0072-2017 with a new entry naming Shri Harsh Vardhan, Additional Commissioner of Central Tax, Bhubaneswar, thereby updating the designated officer in that notification.

Filing of insolvency forms: new monthly and event-based electronic submission rules with sanctions for late or inaccurate filings.
Regulation 40B requires interim resolution professionals and resolution professionals to file specified Forms CP-1 through CP-5 on the Board's electronic platform within fixed timelines tied to CIRP milestones and monthly reporting. The Board will provide and may modify the Forms; filings must be accurate and complete. Late submission attracts a monthly fee, and non compliance, inaccuracies or delays may attract Board actions including refusal to issue or renew Authorisation for Assignment under the Code or related regulations.

Non submission of repayment plan: resolution professional must notify adjudicating authority and seek directions with creditors' approval.
Regulation 17B requires that where a debtor fails to prepare a repayment plan under section 105, the resolution professional, with creditors' approval, must file an application before the Adjudicating Authority intimating the non-submission and seek appropriate directions.

Investment classification change: member investments not treated as business unless they involve client funds or create broker liabilities.
Amendment adds a proviso to rule 8 that member investments shall not be construed as business, except when such investments involve client funds or client securities, or relate to arrangements creating a financial liability on the broker.

CSR report deadline extended under Companies (Accounts) Amendment Rules, altering the statutory filing timeline for Form CSR 2.
Amendment to Companies (Accounts) Rules, 2014 substitutes the deadline in rule 12, sub rule (1B), fourth proviso for filing the Form CSR 2, extending the statutory due date and thereby changing the compliance timeline for submission of the Corporate Social Responsibility report; the amendment is titled Companies (Accounts) Amendment Rules, 2025 and commences on publication in the Official Gazette.

Updated Return (ITR-U) enables post-assessment income corrections within the prescribed period, detailing eligibility and tax computation obligations.
Notification substitutes a new ITR-U form allowing taxpayers to update income within forty-eight months, specifying eligibility under the provisos to section 139(8A), prior filing and ITR type, and reasons for updating. The form requires disclosure of affected assessment years where carried forward losses, unabsorbed depreciation or tax credits are impacted. It prescribes a structured tax computation capturing additional income by head, reconciliation with the last valid return, resulting tax payable or refundable amounts, obligations for tax payments under the updated-return provision, and a verification declaration for the taxpayer.

Export Policy Harmonisation: ITC(HS) schedule aligned with Finance Act amendments, updating tariff classifications and export controls.
Notification amends Schedule-II (Export Policy), ITC(HS) 2022 to align with Finance Act, 2025 by updating, deleting and reclassifying numerous tariff items and policy statuses across chapters; inserts and substitutes Supplementary Notes in Chapters 10, 20, 29 and 38 to define key terms (e.g., "Rice, GI recognised", "makhana") and to identify specific goods and content thresholds; mandates certificate-of-inspection requirements for specified rice exports to certain European countries while temporarily waiving them for others; designates "Deoxy nucleotide triphosphates" as Restricted requiring Restricted Export Authorization; and makes the changes effective immediately with the updated ITC(HS) to be published on the DGFT website.

Import policy amendment clarifies import routes and conditions for specified precious metals, requiring nominated agencies and IIBX channels.
The Import Policy for specified ITC(HS) codes in Chapter 71 of Schedule I (ITC(HS) 2022) is amended with immediate effect to create, delete and reclassify sub codes for silver, gold and platinum, prescribing Free or Restricted import status. Restricted imports are limited to nominated agencies (RBI/DGFT notified) and qualified jewellers via IIBX; gold TRQ holders may import through IIBX with delivery via IFSCA registered SEZ vaults; gold dore requires an Actual User import licence; certain high purity bars and forms are free subject to RBI regulations.

Port restrictions on imports from Bangladesh: specified goods limited to designated seaports, with defined exceptions for transit and essentials.
A new Para 19 mandates port-based controls on imports from Bangladesh: Ready Made Garments are barred from land ports and allowed only via Nhava Sheva and Kolkata seaports; fruit and fruit-flavoured/carbonated drinks are barred from specified LCSs/ICPs in northeastern states and two West Bengal LCSs; processed foods, cotton waste, most plastic/PVC finished goods, and wooden furniture are also regulated. Exemptions preserve imports of fish, LPG, edible oil, and crushed stone and exempt Bangladesh exports transiting to Nepal or Bhutan. The measure takes immediate effect under the Foreign Trade Act.