Time Limit Extended for Processing Erroneously Invalidated ITRs By CPC
The Central Processing Centre (CPC), Bengaluru, had mistakenly invalidated several electronically filed income-tax returns (ITRs) for various assessment years due to technical issues. These cases had already crossed the statutory time limits for processing, including the deadline of December 31, 2024, for AY 2023–24.
Master Direction – Lending to Micro, Small & Medium Enterprises (MSME) Sector
Reserve Bank of India (RBI) periodically issues directions to streamline and strengthen credit flow to the Micro, Small and Medium Enterprises (MSME) sector.
Acceptance of Electronic Bank Guarantees (e-BG) by Customs via NeSL
This circular supersedes NeSL’s earlier communication (No. NeSL/DDE/2025/0202 dated July 8, 2025) and introduces revised instructions for the use of electronic Bank Guarantees (e-BGs)
CBIC Clarifies Correlation Norms for Inputs under DFIA Scheme
Trade bodies had raised concerns over delays in clearing DFIA imports due to insistence by Customs authorities
Environment (Protection) Fifth Amendment Rules, 2025
Environment (Protection) Fifth Amendment Rules, 2025
Extension of Last Date for Application to Export Pharma Grade Sugar
Trade Notice No. 06/2025-26, dated June 18, 2025, was issued by the Directorate General of Foreign Trade (DGFT) to invite applications for export authorisation of Pharma Grade Sugar under a restricted export category. The notice allowed a one-time export quota of 25,000 MT specifically for bona fide pharmaceutical manufacturers.
Mandatory Accurate Reporting of Gross Wages in ECR for ELI Scheme
To ensure that only eligible employees—those earning gross wages not exceeding ₹1,00,000—receive benefits under the Employment Linked Incentive (ELI) Scheme, employers are now required to accurately report gross wages in the Electronic Challan-cum-Return (ECR).
Advisory w.r.t GSTR-3A Notices issued for non-filing of GSTR-4 to cancelled Composition Taxpayers
The issue is currently being reviewed, and the GSTN technical team is working to fix the system glitch.
Exemptions under QCO for Input Steel Standards in Imports
Ministry of Steel had previously mandated that steel and steel products intended for import must conform to the relevant Indian Standards as notified in the applicable Quality Control Orders (QCO) and must be registered on the Steel Import Monitoring System (SIMS).
Delhi Transgender Persons (Protection of Rights) Rules, 2025
The Department of Social Welfare, Government of NCT of Delhi, has notified the Delhi Transgender Persons (Protection of Rights) Rules, 2025 under the authority of Section 22(1) of the Transgender Persons (Protection of Rights) Act, 2019. These rules provide a legal framework for the protection of rights and welfare of transgender persons within the National Capital Territory (NCT) of Delhi.
