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.
Finance Ministry’s Notification 151/2025 grants income tax exemption to the Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB), effective retrospectively from Assessment Year 2024-25.
IBBI’s Sixth Amendment Regulations, 2025, modify Corporate Insolvency Resolution Process (CIRP) rules, including omission of Regulation 39C and changes to Regulation 39D and Form H.
Certain clauses in Regulations 31A and 32 of the 2016 Liquidation Process Regulations were omitted to simplify compliance. The amendment applies prospectively to new liquidation cases, improving clarity for insolvency professionals.
From Oct 29, 2025, exports of chilled and frozen meat allowed only after proof of remittance to Meat Export Development Fund (MEDF), operated by APEDA.
