Risk Management System applied to non accredited importers under the 100% EOU scheme; PC and bond procedures required.
Extension of the Risk Management System to non Accredited Clients under the 100% EOU Scheme is effective from 01.07.2011. B 17 bonds must be executed before jurisdictional Central Excise; at bill of entry filing the Procurement Certificate from Central Excise is to be presented in sealed cover to the EOU section superintendent, recorded in a PC register, processed with Transit Allowed procedures and TA number entered, jurisdictional Central Excise notified, and then the shed officer will tally the PC, debit/deface it, comply with CCR Examination instructions and grant Out Of Charge.

Time bound disposal of registration amendment and cancellation applications with procedural checks and penalties where applicable.
Time bound disposal of pending amendment and cancellation applications for registration certificates is mandated by a departmental schedule differentiating older and more recent applications and including cancellations for non functioning. Officers may invoke penalties for late amendment filings, must verify utilization and assessments for statutory forms before cancelling registrations, initiate recovery where needed, and obtain legal branch notification for every cancellation, with prior circular instructions remaining applicable.

Dispute Resolution Panel under section 144C constituted to address transfer pricing and international tax matters with immediate effect
The Board, in partial modification of a prior order and exercising powers under section 144C of the Income tax Act, constitutes a three-member Dispute Resolution Panel (DRP II) at Delhi by appointing three Commissioners/Directors to perform dispute resolution duties in addition to regular duties, effective immediately and until further order, with the Chairman's approval.

Deputation appointments for Deputy Development Commissioner require prescribed eligibility, documentation and a three-year deputation term.
Two Deputy Development Commissioner posts at Falta SEZ are to be filled on transfer on deputation from Central/State officers with specified eligibility including analogous post-holding or requisite service in feeder scales plus three years' experience in foreign trade or industrial development. Applications must be submitted within sixty days with five years' confidential reports, integrity and vigilance clearances and penalty history. Deputation normally will not exceed three years; selected officers may draw grade pay plus deputation allowance per Department of Personnel & Training instructions.

Extension of deputation: require advance, complete proposals with justification and public interest indication for approval.
Proposals for extension of deputation in Special Economic Zones must be sent by Development Commissioners complete in the prescribed proforma, including post details, officer name and tenure, officer willingness, NOC from parent office, period sought, explicit public interest justification, and the Development Commissioner's recommendation signed by the Head of Office, submitted sufficiently before expiry to permit departmental processing and approval.

Clearing pending e forms: Ministry mandates ROCs to review and dispose outstanding filings as a final opportunity.
The Ministry directed ROCs to clear legacy e forms filed before the revised Regulation 17 implementation that remain pending for want of stakeholder action by reclassifying them as Held in Abeyance to enable ROC review and disposal; companies must resubmit or furnish clarifications in Form 67 as required and stakeholders are asked to track items on the MCA21 portal and coordinate with ROCs to clear the backlog within the final opportunity timeframe.

Exemption under Section 38: import of Schedule 3 substances for non insecticidal use exempt from CIB and RC; Boric Acid excluded.
Under the Exemption under Section 38, Schedule 3 substances intended for non insecticidal purposes are outside the Act's regulatory scope and therefore imports so intended are not subject to registration or import permit requirements from the Central Insecticides Board and Registration Committee; Boric Acid remains subject to separate instructions.

Framing of assessments under Central Sales Tax Act: revised timetable issued for completion of pending assessments across years.
Corrigendum revises the timetable for framing of assessments under the Central Sales Tax Act, 1956, prescribing revised completion targets by assessment year and quarter for pending Central Act assessments, while leaving the remainder of the original Circular unchanged; the amendment is issued with the approval of the Commissioner (VAT).

Custom House Agent licensing: Commissioners must grant licences to all eligible qualified applicants without imposing numerical limits.
Board directs that Custom House Agent licences must be granted to all applicants who meet eligibility criteria and have qualified in the prescribed examinations, without imposing numerical limits; routine procedural requirements remain applicable. Commissioners must notify the trade, issue standing orders for field officers, submit a compliance report on licences granted by the stipulated deadline, and report any implementation difficulties to the Board.

Board notification requirement: field formations must inform the Board and avoid direct policy correspondence with other ministries.
Field formations must inform the Board of any references or matters having policy implications and should generally avoid direct correspondence with other Ministries or Departments on such matters; the Board will examine policy issues to ensure a uniform approach across field formations, enable coordinated action (including increased scrutiny of similar consignments when warranted), and must be kept informed even when direct interdepartmental communication is undertaken.

Excise duty on branded garments clarified: logos or manufacturer names alone do not make goods branded; self certification allowed.
Readymade garments and made-up textile articles bearing an institution's name or logo, or merely marked with a tailor's or manufacturer's name, do not by themselves qualify as branded goods for excise levy; a nexus between the brand name and the product at sale is required. For small-scale exemption eligibility, chartered accountant certificates or self-certification are acceptable and VAT records of production, clearance and purchases may be used for Central Excise compliance.

Digital certification of ROC-issued corporate certificates mandated, replacing manual issuance and requiring transition to electronic signatures.
All statutory certificates and standard letters issued by the Registrar of Companies will be issued electronically under a Digital Signature via the MCA-21 system; thirteen certificate types have been implemented as digitally signed outputs, remaining certificates will be implemented imminently, manual issuance of implemented certificates is discontinued, and any pending manual certificates must be issued by the prescribed transitional cutoff.

Deputation appointment for Deputy Development Commissioner: eligibility, documentation and deputation terms governing selection and posting for central government service
Filling one post of Deputy Development Commissioner on deputation is proposed; duties include project scrutiny under EOU/EPZ/SEZ schemes, policy and licensing work, coordination with state departments, and general administration. Recruitment is by promotion/transfer on deputation from Central/State Government officers meeting specified service and experience criteria; departmental feeder officers may be deemed promoted if selected. Applications in duplicate must include five years' confidential reports, integrity certificate, vigilance clearance and penalty records and be submitted within sixty days; appointment is on deputation with prescribed allowance rules.

Prior approval for change in control now required; other status changes must be reported quarterly by bankers to an issue.
The amendment dispenses with prior SEBI approval for changes in status or constitution of bankers to an issue but requires prior approval for any change in control; bankers must report in quarterly filings specified events, and must indicate if no change occurred.

Change in control: SEBI approval remains required; debenture trustees must report structural, director and shareholding changes quarterly.
SEBI removed the general prior-approval requirement for debenture trustees' changes in status or constitution while retaining prior approval for change in control; trustees must report corporate restructuring, director changes, and non-control shareholding changes in their quarterly filings, and must indicate if no change occurred.

Standard Input-Output Norms modification allows handles on specified engineering exports and permits additional input materials.
Amendments widen the Standard Input-Output Norms for SIONs C-390 and C-1538 to permit handles made of polypropylene, fiberglass (FRP) or wood and to add corresponding import input items-Roving 4800 Tex Glass, Resin GP/Isothermic, Polypropylene and Relevant Wood Blank-with specified input weights. Notes clarify applicability of fiberglass-plus-PP inputs versus wood blanks and provide for proportionate calculation of inputs where handle weight differs from the stated baseline.

Standard Input-Output Norms amendment sets allowed lug cap inputs and limits CIF value of certain imports relative to FOB.
Amendment to SION C-773 broadens the lug cap product description to include plain and printed lug caps and lists permitted imported inputs-Electrolytic Tin Plate, PVC lining compound, internal primer and adhesive lacquers, external base coat, and varnish-with specified quantities per kg of export product. The amendment also allows printing inks as an additional input for printed lug caps and imposes CIF value caps on specified imported inputs relative to the FOB value of exports to facilitate import of raw materials.

Compliance requirement: registrars will refuse event filings until defaulting companies file required financial statements and annual returns.
The Registrar of Companies shall refuse to record any event-based information or changes for defaulting companies unless they first file updated Balance Sheet, Profit & Loss Accounts and Annual Return. This restriction applies to companies and their directors who have not filed the specified documents for any of the financial years 2006-07 through 2009-10, and is effective from 3 July 2011.

Self-assessment of customs duty places assessment responsibility on importers/exporters while enabling customs verification and reassessment.
Self-assessment places the duty to declare classification, value, applicable rates and exemptions on the importer or exporter when presenting electronic Bills of Entry or Shipping Bills, while Customs retains selective verification, examination and re-assessment powers via the Risk Management System. Where verification cannot be completed before clearance, the proper officer may permit provisional assessment against security, which later converts into final assessment or re-assessment. Electronic filing is mandated where feasible, with limited manual filing permitted in genuine cases and on-site Post Clearance Audit envisaged.

Prior approval for change in control required; depositories must report specified participant status changes periodically to regulator.
Depositories must submit quarterly reports in the prescribed Annexure A format to the regulator covering: corporate restructuring (amalgamation/demerger/consolidation), changes in directors (including managing/whole time directors), changes in shareholding not amounting to change in control, and other matters as appropriate; reports must state if no change occurred and follow procedural guidelines including separate annexures per change type, authorized signature and stamp, electronic and hard copy submission, and inclusion of implementation status in Monthly Development Reports.