The Government of India has announced updates to simplify air cargo movement, transhipment, and customs procedures, including the removal of Transshipment Permit fees.
RBI introduces a cap of ₹2,00,000 on the maximum compounding amount for certain FEMA contraventions. Details for banks and constituents.
NPCI mandates stricter beneficiary name display rules for UPI transactions. Only verified bank names will show to reduce errors and fraud. Compliance is required by June 2025.
Goa Finance Dept issues circular clarifying proper discount treatment in tax invoices under GVAT Act, 2005, and outlines correct VAT calculation method.
RBI circular (April 2025) eases rules for Indian exporters using Bharat Mart warehouses in UAE, allowing longer payment terms and operational remittances.
IFSCA clarifies and amends fee rules for IFSC entities, including FMEs, PSPs, PSOs, and Finance Companies. Details on application, recurring, and late fees.
SEBI updates cut-off times for mutual fund overnight scheme repurchases, effective June 1, 2025. Learn about the new NAV applicability.
IFSCA clarifies customer due diligence for vault managers in IFSC and outlines requirements for maintaining bullion supply chain integrity.
RBI announces changes to FEMA compounding of contraventions. Learn about revised rules for application and payment processing.
SEBI mandates PAN-level trading freeze for immediate relatives of designated persons during trading window closure for listed firms. Phased implementation starts July 1, 2025.
