Daily Updates

SEBI  Timeline for implementation of SEBI Circular dated February 04, 2025 on ‘Safer participation of retail investors in Algorithmic trading’ has been extended. Brokers may go live from October 1, 2025, with phased milestones; full compliance required by April 1, 2026. [Circular No. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/132 dated 30.09.2025]

DGFT: From October 1, 2025, India-EFTA TEPA Preferential Certificates of Origin (eCOO) can be applied online via Trade Connect, using self-declaration or authorised agencies, with DSC, QR codes, and digital verification. [Trade Notice No. 13/2025-26 dated 30.09.2025]

DGFT: Para 2.35 of the Handbook of Procedures, 2023, is amended to provide that the Regional Authorities (RAs) are authorised to issue an End-User Certificate (EUC) for restricted import items also strictly in accordance with the restricted authorisation granted by DGFT. [Public Notice No. 23/2025-26 dated 01.10.2025]

Customs: Deadline for declaring sensitive items in marine cargo under “The Sea Cargo Manifest and Transshipment Regulations, 2028” have been extended to 31.12.2025 from 30.09.2025. [Notification No. 61/2025-CUSTOMS (N.T.) dated 30.09.2025]

Customs: Updated tariff values for palm oils, gold, silver, and areca nuts have been notified. Changes apply from 1st October 2025. [Notification No. 60/2025-CUSTOMS (N.T.) dated 30.09.2025]

Customs:   Major tariff cuts unveiled on imports from Switzerland, Norway, and Iceland under the India-EFTA Trade Agreement from portion of customs duties, Agriculture Infrastructure and Development Cess (AIDC), and Health Cess. Exemptions apply to specified goods in the First Schedule, subject to origin certification under the Rules of Origin, 2020. Refer to the notification …

Customs: Major tariff cuts unveiled on imports from Switzerland, Norway, and Iceland under the India-EFTA Trade Agreement from portion of customs duties, Agriculture Infrastructure and Development Cess (AIDC), and Health Cess. Exemptions apply to specified goods in the First Schedule, subject to origin certification under the Rules of Origin, 2020. Refer to the notification table I & II for detailed goods coverage.(01.10.2025) Read More »

The impugned order was invalid due to non-application of mind and failure to consider the assessee’s detailed reply; the matter was remanded for fresh consideration { Mark Studio India Private Limited vs Income Tax officer {[2024] 2025 (6) TMI 595166 taxmann.com 147 (Madras)} Facts of the Case: The assessee, Mark Studio India Pvt. Ltd., received …

Judicial Corner : The impugned order was invalid due to non-application of mind and failure to consider the assessee’s detailed reply; the matter was remanded for fresh consideration. (01.10.2025) Read More »

Absence of DIN does not render orders automatically void; they remain enforceable until set aside by Court – Andhra Pradesh High Court{Veera Mohana Krishna Engineering Works V/s Asst. Comm. (2025) 34 Centax 130 (A.P.)} Facts: Assessment orders were passed without DIN. Assessee challenged the orders via writ petition, arguing they were invalid since CBIC circulars …

Judicial Corner: Absence of DIN does not render orders automatically void; they remain enforceable until set aside by Court – Andhra Pradesh High Court(30.09.2025) Read More »

Company Law The due date for filing DIR-3-KYC and DIR-3-KYC-WEB has been extended from 30th September 2025 to 15th October 2025 without late fees. (General Circular No. 04/2025 dated 29.09.25)

DGFT  The RoDTEP Scheme is extended beyond 30.09.2025, applicable to exports from DTA, AA, SEZ, and EOU units till 31.03.2026, with existing rates continuing under FTP 2023. (Notification No: 35 /2025 dated 30.09.25)

GST GSTN announced that from October 2025, returns overdue by more than three years cannot be filed on the portal, per Finance Act 2023. Taxpayers must ensure timely reconciliation and filing. (Advisory dated 25.09.25)

Composite notice for multiple assessment periods valid under Sections 73 and 74 liberty granted to file appeal – Madras High Court {Balamore Estates Pvt. Ltd. V/s AC of CGST & CE, Tirunelveli – (2025) 34 Centax 148 (Mad.)}   Facts: Department issued a show cause-cum-demand notice covering multiple assessment years (2017-18 to 2022-23). Petitioner challenged …

Judicial Corner: Composite notice for multiple assessment periods valid under Sections 73 and 74 liberty granted to file appeal – Madras High Court {Balamore Estates Pvt. Ltd. V/s AC of CGST & CE, Tirunelveli – (2025) 34 Centax 148 (Mad.)}(24.09.2025) Read More »

DGFT: Clarification issued for export conditions for 2G Ethanol (HS 22072000) under restricted authorization, requiring BIS compliance, DGFT authorization, feedstock certification, and adherence to FTP, notification provisions, and destination country requirements. (Trade Notice No.12/2025-26 dated 24.09.25)

DGFT: The SCOMET List under Appendix-3 of Schedule-II (ITC HS 2022) has been revised. The updated list, aligned with multilateral regimes, takes effect 30 days from issuance. (Notification 31/2025-26 dated 23.09.25)

DGFT: Export of 2G Ethanol under ITC(HS) 22072000 is restricted. Export is now allowed only with valid Export Authorisation and feedstock certification, effective immediately. (Notification 32/2025-26 dated 24.09.25)

Income Tax: It is clarified that Section 87A rebate wrongly allowed on incomes taxed at special rates will be rectified, raising demands. Interest u/s 220(2) is waived if demands are paid by 31.12.2025. (Circular No. 13 /2025 dated 19.09.25)

Customs  CBIC clarified that communications via eOffice public option need not carry a separate DIN; the system-generated Issue Number shall be deemed the valid DIN, verifiable on CBIC’s online utility. (Circular No. 23/2025 -Customs dated 23.09.25)

GST: The Government issued FAQs on GST Grievance Redressal. Users can raise complaints via NCH toll-free 1915, WhatsApp 8800001915, or INGRAM portal for issues on GST rate change benefits. (FAQ dated 23.09.25)

GST: It is clarified that in eOffice, the system-generated Issue Number will serve as the DIN, eliminating separate DINs. A new online utility allows taxpayers to verify these Issue Numbers directly. (Circular No. 252/09/2025 – GST dated 23.09.25)

GST: The GSTN has updated the Invoice Management System (IMS). Taxpayers can keep specified records pending only for one tax period, declare actual ITC, and save remarks. Effective prospectively from October period. (Advisory dated 23.09.25)