Export obligation period limited for specified inputs under Advance Authorizations, including stricter 12 month rule for certain drug imports.
Amendments to Appendix 4J set specific export obligation periods for inputs imported under Advance Authorizations with pre import conditions, specifying distinct periods for categories such as spice inputs for value addition, drugs from unregistered sources, penicillin and 6 APA from unregistered sources, tea, silk, precious metals, raw sugar, natural rubber, certain notified SION items, and fabrics under the Special Advance Authorization Scheme. General Note No.15 of the Chemical and Allied Products SION restricts export obligation to 12 months for penicillin/6 APA imported from unregistered sources, prohibits further extension, and requires the licensing authority to endorse this on the Authorization; imports from registered sources follow the normal period.

DPD import procedure requires dual stacking codes and a No Use Bond for RMS facilitated pulses imports.
DPD importers with RMS facilitated Bills of Entry for pulses must file an advance Bill of Entry, provide both DPD and CFS stacking codes 72 hours in advance, and furnish a No Use Bond under PN 182/2016. The No Use Bond is accepted by Group or CFS Officers and forwarded to the Appraising Group, which maintains records and acts on PGA reports or non submission. OOC is issued on production of the No Use Bond; sampling is to be coordinated with PGAs in the CFS DPD area. If the NOC takes more than two days, the importer/CB must cancel OOC and convert the BE to warehouse.

Waiver of interest for tax deduction defaults may be granted subject to conditions and payment of the principal demand.
The Board permits reduction or waiver of interest under section 201(1A)(i) where the Chief Commissioner or Director General considers it fit, provided the principal demand is paid or satisfactory arrangements exist; eligible cases include defaults caused by search and seizure, reliance on High Court orders later altered by law or higher court decision, and non-deduction for cross-border payments resolved by the Mutual Agreement Procedure with acceptance and withdrawal of appeals. Interest already paid may be refunded if waived, and the examining authority must issue a speaking order after hearing; the Board can examine implementation grievances but will not re-open merits.

Deferred payment of duty for Authorized Economic Operators enabled, with sample-drawal waiver for drawback and a dedicated CRM for facilitation.
Deferred payment of duty and exemption from drawal of samples for sanction of drawback are provided to certified Authorized Economic Operators, subject to exception when specific information or intelligence exists. A Client Relationship Manager has been appointed at the Airport & Air Cargo Commissionerate, Bengaluru, as the single point of contact to assist AEOs and the trade in obtaining these facilitative measures and resolving procedural issues.

Cenvat credit transfer on DTA to EOU conversion now permitted, allowing unutilized credit to be used by the converted unit.
Conversion of a DTA unit into an EOU allows transfer and use of unutilized Cenvat credit. Amendments to rules governing removals by EOUs and the provision permitting transfer of unutilized credit on change of ownership apply to EOUs as manufacturers; therefore unutilized credit in the books of a DTA unit on conversion is admissible and the prior circular requiring lapse is withdrawn.

GST migration assistance set up to help excise and service tax assessees transition to the GST network.
A GST migration assistance centre (Seva Kendra) is established at the Commissioner's office to assist Central Excise and Service Tax assessees in migrating to the GSTN, operating on weekends during the migration period. The notice lists designated officers and contact numbers as nominated points of contact for resolving migration-related problems and urges trade to avail the service and cooperate with the migration process.

Hazardous and other wastes imports and exports require prior permission, authorisation, prior informed consent and documentation.
The Rules prohibit import for disposal and permit imports only for recycling, recovery, reuse, utilisation or co processing. Imports of wastes in Part A require prior informed consent of the exporting country and Ministry permission; Part B imports require Ministry permission for actual users; Part D imports proceed without Ministry permission but must provide Form 6 and Schedule VIII documents for Customs verification. Applicants must hold authorisations, State Pollution Control Board consents, environmentally sound facilities and maintain Forms 3 and 4 records; Ministry and SPCBs coordinate permissions and compliance.

Rebate of State Levies on made-up exports: selecting ROSL scheme in shipping bill activates the claim and disbursal to registered account.
ROSL for made-up exports requires exporters to opt by selecting scheme codes 60 or 61 in the EDI shipping bill, which constitutes the claim and declaration of eligibility; absence of proper scheme codes precludes entitlement. Rebate is calculated on FOB value using scheme rates and caps, displayed at item and shipping-bill levels and reflected on ICEGATE. Disbursal is made to the exporter's registered drawback account in parallel with drawback processing. Exporters must declare non-duplication of claims and, where applicable, constitution of an Internal Complaints Committee.

Deferred duty payment for authorized economic operators enabled, with sample-drawal exemption for AEO exporters subject to intelligence.
A Client Relationship Manager has been appointed at Mangaluru Customs Commissionerate as single point of interaction for Authorized Economic Operators; contact details are published. Certified AEOs (Tier Two and Tier Three) are permitted deferred payment of customs duty; AEO-certified exporters are exempt from drawal of samples for grant of drawback except on specific information or intelligence.

Pricing date for share issuance: relevant date is the board meeting approving the scheme, guiding pricing for allotments.
For share issuances pursuant to schemes of arrangement to select shareholders or shareholders of unlisted companies, the pricing provisions applicable to such issuances apply and the relevant date for computing the price is the date of the Board meeting approving the scheme; stock exchanges must notify listed entities and disseminate the circular.

Income Computation and Disclosure Standards: govern taxable income computation and clarify applicability, conflicts, and transitional treatment.
Clarifies that ICDS govern computation of taxable income under the heads "Profits and gains of business or profession" and "Income from other sources" for specified persons, apply irrespective of accounting framework used for books, and do not replace books of account requirements. Where ICDS address transactional issues, their provisions apply for relevant assessment years, subject to override by specific statutory rules or sectoral provisions. The circular resolves operational points including recognition and timing of revenue, treatment of MTM gains/losses, derivatives, capitalization of borrowing costs, transitional treatment of grants and reserves, valuation of securities category wise, and disclosure obligations in returns and tax audit reports.

Drawal of samples exemption for AEO holders allows drawback processing without samples unless intelligence prompts testing.
Exporters holding higher-tier Authorized Economic Operator certificates are exempted from the requirement of drawal of samples for grant of drawback, except where specific information or intelligence warrants sample testing; the exemption takes immediate effect and complements earlier circulars on sampling limits and prior exemptions.

Single Window clearance: streamlined ADC referrals via PEC identification, dual use declarations, risk based sampling and digital undertakings.
Modifications to the Single Window workflow require importers to identify PEC-listed chemical items in the Integrated Declaration to avoid ADC referral; declare dual use items as non pharmaceutical, free of Active Pharmaceutical Ingredients, and not intended for human or veterinary medicinal use to prevent ADC NOC routing; risk based testing will limit ADC sampling, with Customs forwarding authenticated labels and ADCs drawing samples only when necessary; previously tested batches granted NOC will not be resampled for NOC purposes; digitally signed declarations and guarantees within the Integrated Declaration substitute for hardcopies; system mapping and IT upgrades will enable ADC access to required fields.

Drawback declaration requirement: exporters must state no CENVAT or rebate was availed before claiming increased AIRs.
Exporters claiming the revised All Industry Rates (AIR) for gold and silver jewellery must declare at export that the goods were manufactured and exported without availing CENVAT on inputs or input services and without availing the rebate of duty on materials under rule 18 of the Central Excise Rules, 2002; Customs officers must ensure and record this declaration at the Let Export Order stage.

Registration of STPI units: STPI Pune import permissions for capital goods accepted for Export Oriented Units clearance.
The amendment permits acceptance of STPI Pune's yearly or consignment-wise permissions for import of capital goods, testers, jigs and fixtures-where such permissions specify description, quantity and value-as sufficient documentation for customs clearance of imports under the Export Oriented Unit scheme, thereby modifying the requirement in paragraph 4(i) of the earlier public notice to streamline processing.

Rebate of State Levies requires exporters to validate registered bank details for electronic ROSL disbursement.
The ROSL scheme grants rebates on garment exports (Chapters 61 and 62) for State levies calculated on FOB value per prescribed rates and caps. Rebate disbursement will be made electronically via PFMS to bank accounts registered for drawback; payments to non-validated accounts will be rejected. Exporters must ensure their bank details in the ICES database are live and submit correct account numbers, IFSC codes and a cancelled cheque to the designated Assistant Commissioner for validation or amendment.

Implementation of ROSL for made-ups requires scheme-code selection and declaratory eligibility for rebate credit to exporter accounts.
Implementation of a Rebate of State Levies (ROSL) for made-ups requires exporters to opt in by selecting prescribed scheme codes in the EDI shipping bill and making a declaration of eligibility; rebate of State VAT/CST, packaging, fuel, electricity duties and related charges is calculated on FOB value using notified rates and caps and credited automatically to the exporter's designated drawback account, with ROSL amounts printed on shipping bills and reflected on ICEGATE.

Rebate of State levies: exporters must opt via shipping bill scheme code to claim rebate credited to registered drawback account.
The ROSL-Made-ups scheme permits voluntary rebate of State levies on inputs and related charges for exports of made-ups, calculated on FOB value per notified rates and credited to the exporter's registered drawback account. Claiming requires selection of prescribed scheme codes at the item level in the EDI shipping bill, which serves as the exclusive declaration of eligibility; shipping bills lacking the code may be amended before Let Export Order. ROSL amounts are shown on the shipping bill and ICEGATE and disbursed in parallel with drawback to the registered account.

Submission of municipal accounts: relaxation allows audited prior years and interim statements for the latest year, with audited accounts follow.
SEBI relaxes the documentation requirement for private placement municipal debt by allowing information memoranda to include audited accounts for the three earlier financial years and available half yearly financial statements (audited or unaudited) for the immediately preceding year, with a mandate that the audited accounts for that preceding year be submitted to recognized stock exchanges within one year from the end of that year and displayed on the exchange and issuer websites and provided to investors on request.

Gold smuggling allegation prompts removal of an approved valuer, affecting gold jewellery verification for import/export at Ahmedabad air cargo.
Allegations of gold smuggling have led to deletion of Shri Deepak Kumar Natvarlal Soni from the list of approved gold jewellery valuers on the "Expert Trade Panel" for verification of purity and weight of gold jewellery for import/export at the Air Cargo Complex, Ahmedabad, modifying the earlier Public Notice and advising importers, exporters and trade members to cease reliance on him for official verification.