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Newsletter

Stay informed and up-to-date with the latest news and insights related to compliance

ricago Newsletter September Edition - 2025

Tax Laws

EXTENSION OF THE TEMPORARY EXEMPTION OF CUSTOMS DUTY ON COTTON IMPORTS

Notification No. 36/2025-Customs (28th August 2025) is a straightforward yet significant update as it maintains the essence of the customs exemption while merely prolonging its accessibility from 30th September 2025 to 31st December 2025. This extension provides importers and businesses with essential additional time, cost savings, and flexibility, demonstrating the Government's aim to facilitate trade and lessen compliance strain while continuing to protect public interest.

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Judicial Insight

SUPREME COURT OPENS DIGITAL DOORS TO THE DISABLED, MAKING KYC FOR ALL.

Survivors of acid attacks with facial or eye disfigurements, along with a petitioner who is completely blind, stated that digital KYC/e-KYC/video-KYC is not accessible for them.

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Corporate Laws

RESERVE BANK OF INDIA (CO-LENDING ARRANGEMENTS) DIRECTIONS, 2025

Commercial Banks (except Small Finance Banks, Local Area Banks, and Regional Rural Banks), All-India Financial Institutions, and NBFCs including Housing Finance Companies.

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Industry Specific Laws

MOCI PRESS RELEASE REGARDING NABL LAUNCHES NEW MEDICAL APPLICATION PORTAL FOR ISO

Starting 19 August 2025, NABL’s portal streamlines ISO 15189:2022 accreditation, transforming it into a quicker, digital, and transparent procedure, which usually used to require weeks, now just takes a few hours.

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