India’s Commerce Ministry reconstitutes the Export Inspection Council for two years, nominating government officials, industry representatives, and experts.
CBDT issues Income-tax (Fourteenth Amendment) Rules, 2025, effective April 1, 2025, replacing FORM ITR-5 in Appendix-II.
CBDT issues Notification 41/2025, effective April 1, 2025, substituting the ITR-3 form in Appendix II of the Income-tax Rules, 1962.
The Ministry of Finance updates customs exemptions on GI and other rice varieties under Notifications 27/2011 and 22/2024, effective 1st May 2025.
India imposes a 20% export duty on parboiled rice (GI & other), other GI rice, and semi/wholly milled rice effective May 1, 2025, per Finance Ministry notification.
SEBI’s Third Amendment to SCR Regulations, 2025, modifies appointment rules for directors and public interest directors in stock exchanges and clearing corporations.
SEBI updates rules for depositories and participants, introducing a cooling-off period for non-independent and public interest director appointments.
Central Government rescinds Customs Notification No. 04/2025 dated Feb 1, 2025, effective May 1, 2025. Past actions remain valid.
Customs Notification 25/2025 updates tariff codes under Notification 73/2005 for specified chemicals. Changes take effect from 30th April 2025.
RBI’s latest amendment to Foreign Exchange Management Regulations extends the validity of Diamond Dollar Accounts from two to three years.
