DGFT Exports of agricultural commodities such as milk, rice, wheat, oils, sugar, and salt, to Bhutan are exempted from all restrictions and prohibitions, effective immediately. [Notification No. 36/2025-26 dated 03.10.2025]
Customs: The Principal ADG/ADG of NCTC-Pax (DGARM) is appointed as Principal Commissioner/Commissioner of Customs with all-India powers to handle and process passenger name record (PNR) data under the 2022 Regulations. They are also designated as the proper officer for functions under sections 30A and 41A of the Customs Act. [Notification No.62/2025-Customs (N.T) dated 01.10.2025]
Customs The corrigendum has been issued to correct an earlier Customs Notification (No. 43/2025-Customs dated 30th Sept 2025) by clarifying that the exemption applies to all goods except Imidacloprid (ISO), instead of “all goods” on imports from Iceland. [Corrigendum dated 01.10.2025]
GST Circular No. 212/6/2024-GST dated 26th June 2024 has been withdrawn, which had prescribed the requirement of CA/CMA certificates or recipient undertakings as evidence of ITC reversal for post-supply discounts under Section 15(3)(b)(ii). [Circular No. 253/10/2025-GST dated 01.10.2025]
RBI: AD banks are now allowed to close EDPMS/IDPMS export/import entries of Rs. 10 lakh or less based on exporter/importer declarations, permits quarterly consolidated submissions, and waives penalties, effective immediately. [Notification No. RBI/2025-26/89 dated 01.10.2025]
RBI The allowed outlay period for Merchanting Trade Transactions has been extended from four to six months, keeping other rules unchanged, effective immediately for all Authorised Dealer Category-I banks. [Notification No. RBI/2025-26/88 dated 01.10.2025]
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 …
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 …
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 …
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 …
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)
