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Circulars
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Sub: Detailed Guidelines for Re-Testing of Samples- reg.
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Re-testing of import samples: second-test requests allowed and Competent Authority decides which laboratory result to rely upon.
Re-testing of import samples is available on written request within ten days; the Additional/Joint Commissioner specifies an appropriate laboratory and re-tests must use original remnants or duplicate sealed samples in Customs custody, with fresh sampling only in the presence of the importer. The Competent Authority considers re-test results alongside the first test, records reasons in writing when relying on either result, and may order a further re-test in appropriate cases while consignments remain under Customs control. Re-testing is ordinarily permitted but may be denied on reasonable recorded grounds.
08/2017 - 25-07-2017 Companies Law
Clarification regarding applicability of exemption given to certain private companies under section 143(3)(i) of the Companies Act, 2013- reg.
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Exemption from reporting under section 143(3)(i) applies to eligible private companies' audit reports filed after notification.
The exemption from reporting under section 143(3)(i) applies to audit reports in respect of financial statements for financial years commencing on or after 1 April 2016, where those audit reports are made on or after the date of the notification.
Extension of time-limit, for filing intimation for composition levy under sub-rule (1) of rule 3 of the Puducherry Goods and Services Tax Rules, 2017
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Extension of time for composition levy intimation: filing of Form GST CMP-01 extended under relevant rule.
Extension of the period for filing intimation to opt for the composition levy by directing submission of Form GST CMP-01 within an extended deadline, issued under the administrative powers conferred by the GST enactment and the relevant rule governing composition intimation.
Central Excise Reconstitution of Grievance Committee in Central Excise, Hyderabad-IV Commissionerate
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Public grievance redressal committee reconstituted to examine trade complaints about administrative decision delays and accept sponsored grievances.
Public Grievance Redressal Committee in Central Excise, Hyderabad IV Commissionerate is reconstituted with the Commissioner as Chair and specified internal and external members; its remit is to examine trade complaints about delays in decision making by officers below Commissioner and to consider grievances sponsored by trade bodies or members.
Issue related to furnishing of Bond/Letter of Undertaking for exports without payment of integrated tax
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Bond or Letter of Undertaking for export without integrated tax may be accepted by the local Deputy/Assistant Commissioner.
A Bond or Letter of Undertaking required to export without payment of integrated tax must be furnished prior to export in Form GST RFD-11. Acceptance of that Bond or Letter of Undertaking will be by the jurisdictional Deputy/Assistant Commissioner having physical jurisdiction over the exporter's principal place of business. Until the online module is available, the instrument may be furnished manually in the specified format to that Deputy/Assistant Commissioner. Container sealing under customs supervision continues as stated and a sealing report is to be forwarded to the Deputy/Assistant Commissioner having jurisdiction.
Online Filing System for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs)
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Mandatory online filing for REITs and InvITs required; use intermediary portal for registrations and regulatory filings.
All applicants and registered entities qualifying as Real Estate Investment Trusts and Infrastructure Investment Trusts must submit registration applications, reports and regulatory filings exclusively through the SEBI Intermediary Portal. The portal supports application for registration, ongoing reporting and statutory filings under the applicable REIT and InvIT regulations; a user manual and helpline are provided and existing InvITs must activate their online accounts.
Operational problems being faced by EOU in GST regime consequent to amendment in Notification no. 52/2003-Customs dated 31-3-2003
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Continuity bond recognition: EOU bond treated as continuity bond; inter unit transfers invoiced with CST and customs implications.
The B 17 running bond will serve as the continuity bond for EOUs under the Import of Goods at Concessional Rate of Duty rules; units must provide estimated quantities and values of imports for up to one year and may amend those submissions; during the transitional period units may follow Rule 5 procedures or use procurement certificates; inter unit transfers are invoiced with applicable CST and without upfront customs duty, suppliers must endorse the customs duty exemption availed and recipients are liable to pay basic customs duty when goods or finished products are cleared for domestic tariff area, and procurement certificates are not required for inter unit transfers.
Implementation of Module for Transshipment of Cargo from AFS (ICD) and Air Cargo Complexes at Gateway site in other Customs Station to Air Cargo Chennai, in ICES non-adherence
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Transshipment Procedure Compliance now requires EDI processing; manual acknowledgements for bonded or air transshipments to Chennai disallowed.
The notice mandates exclusive use of the online Transshipment Permit and Cargo Transfer Manifest processes via Electronic Data Interchange for import cargo transshipped to Chennai Air Cargo Complex, requiring EDI transmission of CTM/TP filings, customs approvals, bond and TP fee debits, post-transshipment loading reports and destination gate-in processes; manual acknowledgements or handwritten receipts for bonded truck or air transshipments will not be accepted, to preserve system integration and avoid fresh IGM filings.
Shipping Bill (Electronic Declaration) (Amendment) Regulations, 2017.
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Electronic Shipping Bill Regulations: amendment notified, guidance issued for importers, clearing agents and trading public; details online.
Amendment to the Shipping Bill (Electronic Declaration) Regulations is notified, updating procedures and compliance requirements for electronic filing of shipping bills; the Government notification is provided and stakeholders including importers, clearing agents and the trading public are directed to consult the enclosed notification and online portal for operative details and to align their filing and clearance practices accordingly.
Shipping Bill & Bill of Export(Forms) Regulations,2017
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Shipping Bill and Bill of Export forms: notification issues revised forms and guidance for importers, clearing agents, and traders.
The Shipping Bill & Bill of Export (Forms) Regulations, 2017 notification prescribes revised formats and related requirements for shipping bills and bills of export and is circulated as guidance to importers, clearing agents and the trading public, with the full text available on the departmental website.
Regarding amendment in Notification no. 131/2016-Customs (N.T.) dated 31.10.2016 relating to AIRS of duty drawback
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AIRS of duty drawback amendment issued; importers and clearing agents must consult the official notification on CBEC website.
Amendment issued to the customs framework governing AIRS of duty drawback by Notification No. 59/2017-Customs (N.T.), affecting Notification No. 131/2016-Customs (N.T.); importers, clearing agents and the trading public are advised to consult the enclosed amending notification on the CBEC website for operative details and compliance requirements.
Amendment in the Customs, Central Excise Duties and Service Tax Drawback Rules, 1995
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Drawback rule amendment notifies procedural changes to drawback claims; importers should consult the official notification online.
Amendment to the Customs, Central Excise Duties and Service Tax Drawback Rules, 1995 by Notification No. 58/2017 revises the regulatory framework for drawback entitlements and procedures. The public notice circulates the notification for the guidance of importers, clearing agents and the trading public and directs stakeholders to consult the enclosed notification and the official departmental website for implementation particulars and compliance.
Operational problems being faced by EOUs in GST regime consequent to amendment in Notification no. 52/2003 -Customs dated 31-3-2003
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Continuity bond and import reporting clarified for EOUs: B-17 bond accepted, estimations amendable, inter unit transfers GST invoiced.
The notice confirms that the B-17 running bond fulfils the continuity bond requirement under the Import of Goods at Concessional Rate rules; estimated import quantities and values need be provided for up to one year but may be submitted for shorter periods and amended as required; transitional option allows use of Rule 5 or procurement certificates for imports; inter unit transfers occur on invoice with GST without immediate customs duty payment, supplier must endorse exemptions and recipient is liable for basic customs duty when goods are cleared to DTA or made into finished goods.
Notification for further amendment in CBEC Tariff Value Notification No. 62/2017-Customs (N.T.) dated 30.06.2017
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Tariff value amendment: importers and clearing agents must consult the updated customs notification available online for guidance.
A further amendment to the Tariff Value Notification is issued by the Department of Revenue revising the applicable tariff value schedule; importers, clearing agents and the trading public are advised to consult the enclosed customs notification and the official customs website for guidance and to align import documentation and compliance with the updated tariff values.
Customs (Import of Goods at concessional Rate of Duty) Rules, 2017
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Concessional import duty rules: notification outlines procedural and documentary requirements and directs stakeholders to official guidance.
The notice promulgates the Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017, directing importers, clearing agents and the trading public to the enclosed Notification No. 68/2017-Customs (N.T) for procedural requirements, documentary compliance and guidance on claiming concessional rates, and advises that the full text is available on the central board's website.
Bill of entry(Forms)(Amendment) Regulations, 2017
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Bill of entry forms amendment notified; importers and clearing agents must follow revised filing requirements and consult official portal.
Notification issues the Bill of Entry (Forms) (Amendment) Regulations, 2017, updating prescribed forms and filing requirements for bills of entry; importers, clearing agents and the trading public are advised to follow the revised filing practices and consult the official customs portal for the Notification and guidance.
Bill of entry(Forms)(Amendment) Regulations, 2017
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Bill of Entry Forms amendment updates form requirements and directs importers and clearing agents to consult the official notification.
Amendment to the Bill of Entry (Forms) prescribes revised form requirements and filing parameters for import declarations as set out in Notification No. 66/2017 Customs (N.T.). The notification is issued for guidance of importers, clearing agents and the trading public and is made available via the departmental website and enclosed with the public notice.
Bill of entry (Forms)(Amendment) Regulations, 2017
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Bill of Entry forms amendment notified; amended forms issued and guidance provided to importers and clearing agents.
Amendment to the Bill of Entry (Forms) prescribes revised bill of entry forms and related directions; the Notification is circulated for guidance to importers, clearing agents and the trading public and is available on the official customs website.
Further amendment to Principal Notification No. 12/97-Cus (N.T.)
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Amendment to customs notification issued; importers and clearing agents advised to consult the updated notification online.
Amendment to the principal customs notification is made by a subsequent customs notification identified in the public notice; the amending instrument is enclosed for guidance to importers, clearing agents and the trading public and is available on the official customs website.
Amendment to notification No.93/2016-Customs(NT) dated 1st July, 2016
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Amendment to customs notification provides revised procedural guidance for importers and clearing agents under customs regulations.
Amendment to Customs notification No.93/2016-Customs(NT) is effected by Notification No.63/2017-Customs (N.T.) and is circulated via Public Notice No.209/2017 for the information and guidance of importers, clearing agents and the trading public, with the full text available on the CBEC website.

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Clarification regarding applicability of exemption given to certain private companies under section 143(3)(i) of the Companies Act, 2013- reg.

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Exemption from reporting under section 143(3)(i) applies to eligible private companies' audit reports filed after notification.
The exemption from reporting under section 143(3)(i) applies to audit reports in respect of financial statements for financial years commencing on or ... Summary

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Acts Income Tax