Personal carriage of goods: specified Customs procedure enables EOUs to export and import non commercial items via passenger carriage.
Procedure sets a stepwise Customs regime for 100% EOUs to export/import goods by personal carriage at Bangalore Airport: exporters submit authorization, passport and air ticket, obtain in principle clearance, file a four copy Shipping Bill with supporting documents, undergo Customs assessment and examination (with Jewellery Appraiser where applicable), receive a JAC and sealed goods for carriage with endorsed duplicate Shipping Bill as proof of shipment; imports follow the reverse process with Bill of Entry, Procurement Certificate, examination and release.

Mis-declaration of import classification prompts scrutiny under concessional import duty rules and valuation compliance obligations.
Mis-declaration of complete CD-deck mechanisms as individual parts to secure concessional customs duty is reported; the notification grants concessional rates only for specified parts when importers follow the prescribed concessional import rules. Examiners and valuers are directed to exercise due caution in classification, examination and valuation, using manufacturers' catalogues, product literature and domestic agent verification, and to be alert to under-invoicing of these mechanisms.

Recordkeeping requirement for destroyed arbitration records clarified; exchanges must maintain certified register and amend rules accordingly.
The corrigendum amends the prior circular to require that brief particulars of destroyed arbitration records shall be entered in a register along with a certification of the date and mode of destruction. Exchanges must amend their bye-laws, notify member brokers and clearing members, publish the requirement on their websites for investor access, and report implementation status to SEBI in the Monthly Development Report for August 2003.

Inclusion of exempted goods value in SSI exemption eligibility calculation affirmed, excluding exports, for prior-year clearances.
The circular clarifies that, for calculating the aggregate value of clearances of all excisable goods for home consumption in the preceding financial year to determine eligibility for the Small Scale Industry Exemption Scheme, the value of exempted goods (excluding exports) must be included; the change follows explanatory notes to the Finance Bill and implementing notifications, and operates from the stated effective date, with field formations instructed accordingly.

BOPP film classification: eligibility for concessional customs duty is prospective and confined to the amended tariff entry.
An explanation added to a tariff notification that defines plain plastic film to include Biaxially Oriented Polypropylene (BOPP) film has prospective effect and applies only to the specific tariff entry where it was inserted; the amendment under one entry does not extend to another entry absent an express insertion, and BOPP eligibility under the other entry arises only from the date that entry was separately amended.

Timely issuance of adjudication orders required after personal hearings; supervisory mechanisms must ensure orders within prescribed timeframes.
Decisions on adjudication and appellate matters should be communicated promptly after personal hearings; if immediate communication is not possible the order must be issued within a limited extended period from the date of hearing. Chief Commissioners and Commissioners must implement supervisory mechanisms to ensure strict compliance with these timelines, and failures to adhere to the prescribed time limits will be viewed seriously; field formations are to be informed and to acknowledge receipt.

Increase in sitting fee under companies rules circulated to Regional Directors and Registrars for implementation.
Increase in sitting fee under the Companies (Central Government's) General Rules and Forms effected by The Companies (Central Government's) General Rules and Forms (Third Amendment) Rules, 2003 as notified by G.S.R. 580(E). The Ministry of Finance, Department of Company Affairs has circulated this notification to all Regional Directors and Registrars of Companies for information and necessary action and requested acknowledgement of receipt.

DEPB rate amendments revise engineering and textile product entries, correcting descriptions, rates and adding new entitlements.
Public Notice No. 22(RE-03) amends the DEPB schedule: Engineering (Code 61) entries revised-Sl.65 to "Ferrous Automotive Products," Sl.121 to "Collar of MS Sheet," Sl.437 corrected to "Steel Hinges Bar Type" with specified DEPB rate and value cap effective 1.4.2003; Sl.498 description amended for specified steel backed copper alloy bearings; new Sl.584 "Nickel Screen" inserted with a DEPB entitlement. Textile (Code 89) Sl.36-A description amended to "Woollen blended shawls/scarves/mufflers containing wool and polyester/viscose."

Settlement mode change: selected scrips to move from trade-for-trade into normal rolling settlement in phased transfers.
SEBI mandates that scrips which have established connectivity with both depositories be reclassified from the trade-for-trade settlement window into the normal rolling settlement regime; eligible companies listed for immediate transfer are to commence trading under normal rolling settlement forthwith, while additional scrips meeting connectivity are to be shifted in phased tranches by the respective stock exchanges according to the regulator's schedule.

Central Excise audit procedures revised, prescribing risk based selection, mandatory annual audits for EOUs and uniform audit durations.
The revised Central Excise Audit Manual updates EA 2000 procedures to incorporate modern audit techniques and IT, omits the general Audit Protocol chapter while preserving existing protocols until expiry, and adjusts risk analysis by excluding exempted clearances from dutiable clearances for the R2 factor while retaining certain exempted categories and export under bond. It merges audit cells, clarifies multi locational audits, sets selection limits for reference units, fixes retrospective audit period to the previous audit or five years, mandates annual audits for EOUs, and prescribes uniform audit durations and frequencies.

Prior import condition restricts issuance of advance licences for certain spices to specified export-linked approvals.
Amends Handbook of Procedures to require that Advance Licences for cloves, cinnamon and cassia be allowed only when linked to specified export products and that licences for cloves be issued with a prior import condition; further requires that Advance Licences for cardamom under the identified Handbook provisions be issued by Regional Licensing Authorities only under a prior import condition for cardamom.

Input output norms modification updates SION entries and adds new input/output specifications across chemicals and engineering products.
The Director General of Foreign Trade, exercising delegated authority under the Export and Import Policy, amends the Standard Input Output Norms in the Handbook of Procedures by substituting, correcting and adding SION entries. The Public Notice introduces new SIONs for Chemicals and Allied Products and for Engineering Products, revises import input lists and permitted quantities, adds alternative inputs and ancillary items, and attaches footnotes and CIF value restrictions and percentage allowances for coatings and fuels.

Excisability of press-mud found unsupported by marketability evidence, prompting departmental acceptance of non-excisable status and instructions.
The Supreme Court held that press-mud arising during sugar manufacture is not excisable because the Department failed to produce evidence of marketability. The Department has accepted that verdict and instructed Commissioners to decide pending cases accordingly, having earlier directed issuance of protective demands pending final adjudication.

Duty free import entitlement for agrochemical exporters conditioned on export turnover and DSIR-registered R&D, subject to verification.
Amendments permit duty free imports under Customs Notification No.21/2002 up to 1% of preceding-year FOB exports for agrochemical manufacturers with preceding-year export turnover of Rs.20 crore or more, conditional on having an R&D wing registered with the Department of Scientific and Industrial Research; applicants must submit Appendix 34A to the Regional Licensing Authority, provide a Chartered Accountant-countersigned declaration, and undergo RLA verification. The changes also prohibit arms-related trade with Iraq, bar listed exports to Libya, amend DEPB procedures for defective goods to permit re-export with a 98% credit certificate and fresh DEPB issuance, correct an installation/non-transfer undertaking, and allow limited revalidation of certain textile DEPBs except in cases of fraud or adjudication.

Eligibility of blank intraocular lenses for customs exemption affirmed due to retained optical properties and limited post-import work.
The Board clarifies that a Blank Intra-Ocular Lens, produced from medical-grade PMMA and presenting the finished lens's optical and functional properties at import, is to be treated as an "Intra-Ocular lens" for tariff purposes because post-import activities (right-sizing haptics, sterilisation and packing) do not change lens properties, and therefore it is eligible for the customs exemption under the cited notification.

Search authorisation standards: searches limited to credible evidence or serious conspiracies and require DGIT (Inv.) approval.
Searches are limited to cases with credible evidence of substantial undisclosed income/assets or significant concealment, and to conspiracies causing public harm; searches of prominent professionals require compelling proof. Searches must be authorised only by the concerned DGIT (Inv.), who is accountable, and the Investigation Wing must complete post-search enquiries, appraisal reports, and handing over of seized accounts within a prescribed period. DGIT (Inv.) must ensure competent, integrity-checked personnel, specialised NADT training, and strict compliance.

Classification of spent sulphuric acid as sulphuric acid for tariff purposes affirmed, affecting duty treatment of by product waste.
Spent sulphuric acid produced as a by product during manufacture, when a separate chemically defined compound, is classifiable as sulphuric acid for tariff purposes rather than as miscellaneous chemical waste, and that classification governs excise treatment and the applicability of exemption claims for use in fertilizer manufacture.

Mandatory use of electronic departmental communication requires officers to check messages daily and enables centralized MIS monitoring.
Board mandates institutional adoption of E-DECS, a communication system that shows which addressees have read messages, automatically tabulates replies, and maintains a permanent record for non-repudiation. All offices with assigned IDs must use the system for routine intra-departmental communication and view messages daily; supervisory officers may monitor login compliance. E-DECS will be used as a Management Information System and usage will be actively monitored, with support contact information provided.

SEZs treated as foreign territory: supplies to and from SEZs are governed by customs law, altering export import treatment.
Chapter XA and the SEZ Rules/Regulations treat Special Economic Zones as foreign territory for customs purposes so that supplies from DTA to SEZ are exports and supplies from SEZ to DTA are imports, governed by the Customs Act and Customs Tariff Act rather than the Central Excise Act; goods admitted to SEZs are exempt from customs duties by statute, units and developers must execute bonds and maintain accounts, goods must be utilised/reexported/cleared within five years or duty and interest apply, and specific procedural, monitoring, transfer, temporary removal and closure rules govern SEZ operations.

Compounding of tax offences: expanded delegation and reduced fees, easing settlement of direct tax violations.
Procedural amendments consolidate compounding of technical offences with CCIT/DGIT, remove the first-offence distinction, and prohibit rejection of applications when guideline conditions are met; referral to the Ministry of Law for higher-value substantive offences is abolished. Compounding fees for specified offences are substantially reduced as detailed, and the amendments apply to future and pending cases except those already compounded, extending mutatis mutandis to other Direct Tax Laws.