CBIC has exempted Merchant Overtime charges on customs clearance of international cruise passengers and their baggage at 24×7 notified ports. The move aims to facilitate cruise tourism and ensure uniform implementation across customs formations.
SEBI has introduced new norms for ETF base prices, price bands, and close-out procedures to address issues arising from T-2 NAV-based pricing. The revised framework aims to improve price discovery and align ETF trading with underlying asset movements.
IBBI has prescribed detailed valuation guidelines mandating standardized reporting, documentation, and asset-specific formats under the IBC. The move aims to improve consistency, credibility, and value maximisation in insolvency proceedings.
IFSCA removed the minimum net worth requirement for eligible SEZ units and expanded access to Qualified Jeweller status. The amendment aims to facilitate bullion imports through IIBX while promoting export growth and maintaining regulatory safeguards.
CBIC clarified that accredited laboratory reports submitted by exporters should be accepted without compulsory referral to CRCL in routine cases. The key takeaway is that exporters can benefit from faster customs clearance where no risk concerns exist.
NSE released detailed FAQs to address practical issues in submitting Quarterly Integrated Filing – Governance reports through XBRL. The guidance aims to ensure uniform compliance with SEBI’s corporate governance framework.
SEBI has granted additional time for merchant bankers to comply with SBU segregation and revised net worth norms after industry participants highlighted implementation difficulties. The circular aligns major financial compliance milestones with the financial year-end.
The Committee recommended replacing daily cause lists with weekly schedules and permitting supplementary lists when necessary. The proposal seeks to enhance predictability and administrative efficiency in tribunal proceedings.
RBI has permitted AD Category-I banks to exclude swap positions arising from FCNR(B) deposits, ECBs and OFCBs from NOP-INR calculations. The move supports participation in RBI’s new swap facilities without breaching exposure limits.
Standard pack sizes have been recommended for commonly used edible oils to reduce market inconsistencies and assist consumers in comparing prices effectively. Minor edible oils remain exempt from this requirement.
