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Daily Newsletter - April 4, 2025

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Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

RBI Draft

SEBI Draft

Legal Updates:

GST

IFSCA

RBI

SEBI

DGFT

Customs

 


  

News Update:

Indian News:

CAs, taxpayers push back after Income Tax dept sends rebate notices

Big relief for EPF members: Faster withdrawals and bank account seeding without employer’s approval

CCI chief Ravneet Kaur given additional charge of NFRA chairperson

Press Release: SEBI launches “Document Number Verification System”

China hits back with 34% tariff on US goods after Trump's trade salvo

RBI maintains FPI investment caps in govt securities, corp bonds for FY26

New rule for nomination change in PPF, NSC, SCSS, all other post office account for free

UPS may be replicated to other stakeholders of NPS: Finance Secretary

Government auditor Ramann is new pension regulator

No GST e-Way Bill without two factor authentication from April 1, 2025? GSTN to shortly make it mandatory

Trump's 26% tariff on Indian exports: Who gains and who takes the hit?

'Mixed bag, not setback': Govt analysing impact of 26% Trump tariffs

Donald Trump unveils sweeping tariffs on all imports: Here's the full list

  

International News:

Is gen AI really a SOX gamechanger?

Historic change to audit inspection reports announced by Canadian accounting watchdog


Exposure Drafts:

RBI Draft:

Regulation of Foreign Trade under Foreign Exchange Management Act (FEMA), 1999 – Draft Regulations and Directions
[Last date for Comments: April 30, 2025] 

  

SEBI Draft:

Consultation paper on Investor Charter for KYC (Know Your Client) Registration Agencies (KRAs)
[Last date for Comments: April 25, 2025] 


Legal Updates:

GST:

Advisory on Case Sensitivity in IRN Generation

  

IFSCA:

Direction for all Regulated Entities

Revision in reporting formats for Fund Management Entities in IFSC

Fee structure for Payment System Operators/ Applicants desirous to setup an PSO in IFSC

  

RBI:

Limits for investment in debt and sale of Credit Default Swaps by Foreign Portfolio Investors (FPIs)

  

SEBI:

Standardized format for System and Network audit report of Market Infrastructure Institutions(MIIs)

Recognition and operationalization of Past Risk and Return Verification Agency (PaRRVA)

SEBI (Infrastructure Investment Trusts) (Amendment) Regulations, 2025

  

DGFT:

Amendment in Appendix 4B of Handbook of Procedures, 2023 [Public Notice No.1]

  

Customs:

Export Entry (Post export conversion in relation to instrument based scheme) Regulations, 2025 [Notification No.21(NT)]

Implementation of the Export Entry (Post export conversion in relation to instrument-based scheme) Regulations, 2025 [Circular No.11]

Applicability of SCOMET on Polyethylene Glycol CAS No. 25322-68-3 [Instruction No.3]


  

  

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