SEBIs 2025 amendment allows Debenture Trustees to undertake new activities via separate units, mandates ring-fencing net worth, and formalizes rights for inspection and fund use.
DGFT revised the MIP on Synthetic Knitted Fabrics (HS 60053600): The condition remains but is now exempt for fabrics in the range.
CBDT approves Institute of Advanced Medical Research & Innovations Forum for scientific research under Section 35(1)(iia) for AY 2025-26 to 2029-30.
Income Tax Notification No. 02/2025 approves M/s Mazumdar Shaw Medical Foundation for Scientific Research deduction under Section 35(1)(iia) from AY 2025-26 to AY 2029-30.
Ministry of Finance streamlines PMLA KYC rules for SEBI-defined intermediaries, allowing CKYCRR uploads, updates, and retrieval to be done via a KYC Registration Agency (KRA).
DGFT Notification 44/2025-26, dated Oct 15, 2025, amends the ITC (HS) 2022, Schedule-I (Import Policy) to align it with the Finance Act 2025. This involves updates to ITC (HS) Codes, policy conditions, and related notes, effective immediately.
DGFT prohibits the import of raw and roasted Areca Nuts with a CIF value below Rs. 351/- per kg, except for imports by EOUs, SEZs, and under the Advance Authorization Scheme.
DGFT revises import conditions for pesticides and chemicals under Chapters 29 and 38 of ITC (HS), 2022, requiring CIB&RC permits and registration.
CBDT has notified a state housing authority as tax-exempt under Section 10(46A) of the Income-tax Act, effective AY 2024-25, allowing exemption for statutory development activities.
CBDT notifies the Rajasthan State Seed and Organic Certification Agency for income tax exemption under Section 10(46A) of Income-tax Act, 1961, effective from AY 2024-2025.
