Valuation of specified tobacco and nicotine products set at declared retail sale price, tax computed by prescribed reverse-calculation formula.
Establishes that the value of supply for specified packaged goods (pan masala, tobacco products, and nicotine inhalation products) shall be deemed to be the retail sale price declared on the package less tax, with tax amount calculated by the formula (Retail sale price x applicable tax rate) / (100 + sum of applicable tax rate); defines applicable tax and retail sale price rules for multiple, altered, or area-specific price labels.

Retail sale price valuation for pan masala and tobacco products now applies to specified packaged goods under GST.
Valuation of specified packaged goods-pan masala and various tobacco and nicotine products-shall be based on the declared retail sale price on the package, defined as the maximum consumer price including all taxes and charges; where multiple or altered prices exist the highest or altered price applies, area-specific declared prices govern regional supplies, and Customs Tariff Schedule classification rules apply to interpret the listed tariff items.

Tamil Nadu e-Governance Agency: exempted specified incomes under section 10(46), subject to compliance conditions and applicable assessment years.
The Central Government notifies section 10(46) exemption for Tamil Nadu e-Governance Agency, listing exempt receipts: government grants for operations; service charges via Common Service Centres; fees for software development and IT consultancies and related interest; dividends from CSC-SPV; admin cost recoveries on UIDAI PEC grants; revenue sharing from online examinations; other incidental income; and interest on these items. The exemption is conditional on no commercial activity, unchanged activities and income nature, and filing returns under clause (g) of s.139(4C); non-compliance may lead to penalties and withdrawal. The notification covers AYs 2024-25, 2025-26 and applies to 2026-27 through 2028-29.

Dadra and Nagar Haveli welfare board exempted from tax on cess, registration fees and deposit interest, subject to compliance.
Notification grants tax exemption to the Dadra and Nagar Haveli Building and Other Construction Workers Welfare Board for cess collected, registration fees, and interest on bank deposits, subject to conditions: no commercial activity, unchanged activities and income character across financial years, and prescribed filing of income tax return; non-compliance may lead to penal actions and withdrawal of the exemption, and the notification is effective retrospectively for assessment years corresponding to financial years 2018-19 through 2022-23.

Karnataka State Rural Livelihood Promotion Society granted tax exemption on grants and bank interest, subject to compliance conditions.
Notification grants tax exemption under section 10(46) to Karnataka State Rural Livelihood Promotion Society for grants from the Central Government, grants from the State Government of Karnataka, and interest on bank deposits, subject to conditions: no commercial activity, unchanged activities and specified income across financial years, and filing returns under clause (g) of sub-section (4C) of section 139; non-compliance may lead to penal action and withdrawal of exemption, and the notification has retrospective and specified prospective application to listed assessment years.

Threshold change for high-value debt listed entities alters governance and disclosure obligations under listing regulations.
The amendment increases the threshold for classification as a high-value debt listed entity and revises transitional applicability; mandates crediting investor service requests for subdivision, split, consolidation, renewal, exchanges and duplicate securities in dematerialised form within thirty days; requires transfers and transmissions only in dematerialised form with limited grandfathering for specified physical transfers; directs unclaimed escrow amounts to prescribed investor protection funds without interest; centralises periodic corporate governance compliance reporting for HVDLEs; and modifies board appointment, vacancy-filling, meeting frequency, related party transaction carve-outs, subsidiary measurement and secretarial audit annexure requirements.

Non-convertible debt securities now allow incentives for retail investors ( Rs. 2 lakh) and specified categories, limited to initial allottees.
Amendment defines "retail individual investor" as an individual applying or bidding for debt securities up to two lakhs rupees and permits issuers to offer additional interest or an issue-price discount to specified categories of investors, including retail individual investors, senior citizens, women and defence personnel; such incentives are available only to the initial allottee and not on post-allotment transfer or transmission.

Tax exemption for Agra Development Authority effective assessment year 2024-25, subject to statutory purpose conditions.
Notifies Agra Development Authority (PAN AAALA0081F) as eligible for exemption of specified income under the Income-tax Act, on the basis that it is constituted under the Uttar Pradesh Urban Planning & Development Act. The notification is effective from assessment year 2024-25, conditional on the Authority continuing to meet the statutory purpose requirements set out in the exemption clause; an explanatory memorandum certifies no person is adversely affected by retrospective effect from the year of application.

Barnala Improvement Trust notified for tax exemption on specified income, effective from assessment year 2024-25.
The Central Government notifies the Barnala Improvement Trust, constituted under the Punjab Town Improvement Act, 1922, as an authority for the purpose of tax exemption on specified income under clause (46A) of section 10 of the Income-tax Act, 1961, effective from the assessment year 2024-25, subject to the condition that the Trust continues to be a local authority with one or more purposes specified in sub-clause (a) of clause (46A).

Aligarh Development Authority tax exemption notified under section 10(46A), effective AY 2025 26, subject to statutory purpose condition.
Central Government notifies Aligarh Development Authority as eligible for the specified income tax exemption, effective assessment year 2025 26, on condition that it continues to be an authority constituted under the Uttar Pradesh Urban Planning and Development Act, 1973 and performs one or more of the purposes specified in the relevant exemption clause; explanatory memorandum states no person is adversely affected by retrospective effect from the year of application.

Valuation of specified tobacco and nicotine products: retail sale price declared becomes basis for taxable value under amendment
An amendment adds a clause treating supplies of specified tobacco and nicotine-related goods as valuated on the basis of the retail sale price declared on packaged goods; it lists the covered goods, defines retail sale price (including multiple prices, altered prices, and area-specific prices), and adopts interpretation rules of the First Schedule to the Customs Tariff Act for tariff terms.

Wheat flour exports remain prohibited, but up to 5 LMT allowed under DGFT export authorisation and notified modalities.
Export of wheat and related flours under HS Code 1101 remains prohibited, but export of up to 5 LMT is permitted under an Export Authorisation issued by DGFT pursuant to modalities to be notified separately; existing policy conditions and prior notifications continue to apply except for this quantified allowance.

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.