Factory stuffing permission: exporters must obtain Letter of ESP from the FSP Cell at ICD Bangalore.
The corrigendum deletes the second sentence of paragraph 5 and restates paragraph 5 to require that all exporters seeking Factory Stuffing Permission shall immediately approach the FSP Cell at the ICD, Bangalore to obtain a Letter of ESP; paragraph 7.2 of the Public Notice is deleted in full.

Single-sample testing by NABL accredited labs: comprehensive reports obviate CRCL referral and provisional assessment.
Customs procedure is amended to require only one sample set for imported food, to be submitted to a NABL accredited laboratory chosen by the importer; if the NABL report covers all FSSAI, Customs Act and Notification 12/2012-Cus. parameters and meets prescribed limits, onward submission to CRCL and provisional assessment are not required.

Place of provision rule: sea transport to customs for transhipment is not taxable as destination lies outside the domestic territory.
Under Section 66B and Section 66C and rule 10 of the Place of Provision of Services Rules, the place of provision for sea transportation is the destination of the goods; where import documentation and customs transhipment procedures identify the ultimate destination as a country outside the domestic territory and goods are transhipped accordingly, the transportation service to the customs station is not within the taxable territory and is not subject to service tax.

Provisional Id noncompliance: failure to activate and submit signed GST enrolment leads to deletion and loss of transitional benefits.
Active Phase 1 and Phase 2 dealers must collect Provisional Ids and Access Tokens, activate and complete GST enrolment including signed submission via DSC or e-Sign, by the stated deadline; failure to do so will result in permanent disabling/deletion of provisional credentials and loss of eligibility for transitional provisions, though post-GST registration remains available without transitional benefits.

24x7 customs clearance expanded to all bills of entry; MOT charges exempted for customs services in attached CFSs.
The Board extended 24x7 customs clearance to all bills of entry at designated ports and air cargo complexes and clarified that, under amended regulations, no merchant overtime fee shall be collected for services rendered by customs officers at 24x7 ports. This MOT exemption is confirmed to apply to services performed within Container Freight Stations attached exclusively to designated 24x7 sea ports, treating CFS activity as an extension of port clearance; factory stuffed containers and exports under free shipping bills are therefore not leviable for MOT in such CFSs.

Periodic issuance of CAS-4 certificates within the prescribed deadline ensures timely provisional assessment finalization thereafter.
Requirement that a CAS-4 certificate for a financial year ending 31 March must be issued by 31 December of the subsequent financial year; cost of production of captively consumed goods must follow CAS, and assessing officers shall finalize provisional assessments expeditiously after receipt of the CAS-4 certificate.

Investor grievance redressal mechanism reformed to strengthen arbitration, empanelment, fund governance and interim relief procedures.
Exchanges and depositories must revamp investor grievance redressal by publicising arbitrator profiles, enabling electronic document submissions, conducting annual arbitrator reviews and training, segregating arbitration and appellate panels with prior SEBI empanelment approval, revising arbitration and filing fees to accelerate resolution, and creating shared defaulter databases. IPF and ISF governance, permissible utilisations and interest treatment are redefined with IPF Trust oversight, interim relief release rules and committee compositions specified. Exchanges must amend bye laws, notify stakeholders and implement the measures immediately.

Public grievance officer designation for Sevottam implementation at air cargo complex; stakeholders urged to lodge and escalate service grievances.
SEVOTTAM implementation at the General Commissionerate of Air Cargo Complex, Mumbai designates Ms. Varsha Kolhatkar as Public Grievance Officer, operating under the supervision of the Commissioner of Customs (General), with provided contact details for receipt and management of grievances; trade associations and stakeholders are requested to disseminate and use this grievance facility.

Place of Effective Management exempted for lower turnover foreign companies, restricting residential status test applicability.
The provision in clause (ii) of sub section (3) of section 6 of the Income tax Act, operative from assessment year 2017 18, shall not apply to a company (other than an Indian company) that has turnover or gross receipts of fifty crores or less in a financial year, thereby exempting lower turnover foreign companies from the POEM based residential status test.

Online registration process: real time PAN verification enables issuance of a digitally signed registration certificate after ward officer approval.
Applicants must submit PAN and contact details for real time PAN verification; on successful verification credentials are issued same day to file the DVAT/CST application, pay fees online, and upload scanned documents for examination by the ward VAT Officer. After VATO approval a digitally signed Registration Certificate/TIN is downloadable preferably within one day without VATI verification; bank account details in the application are optional but must be provided before filing the first return.

Classification of paper and printing products clarified: printed items that impart essential character treated as printed documents, others remain paper goods.
Classification is clarified by applying the General Rules for Interpretation, chapter notes and HSN explanatory notes to distinguish items where printing imparts essential character or where documents function as formal, validated instruments from items whose printing is merely incidental and intended for further writing; tickets, ticket rolls, OMR sheets, application forms, certain inland letter cards, strip seals and security-numbered receipts are classified as printed articles or documents of title, while answer books, passbooks and plain practical notebooks intended for manuscript completion remain within paper headings.

Periodicity of CAS-4 certificates: issue by the year-end following the financial year to allow assessment finalisation.
CAS-4 certificates must be issued to reflect cost of production for captively consumed goods in accordance with CAS-4 methodology; certificates for a financial year ending 31 March are required to be issued by 31 December of the next financial year, after which provisional assessments will be finalised.

Prudential sector exposure for housing finance companies expanded, permitting additional investment subject to AA and NHB registration.
SEBI permits additional exposure to Housing Finance Companies within the financial services sector for debt schemes by allowing an increased incremental allocation while maintaining the 25% sectoral limit (subject to specified exclusions). The additional exposure is allowed only for securities rated AA and above issued by HFCs registered with NHB, and total investment in HFCs shall not exceed 25% of scheme net assets. Appropriate SID and KIM disclosures are required and the change is effective immediately.

Unaccompanied baggage EDI filing now mandatory; electronic Baggage Declaration required and EDI-driven clearance procedure enforced.
Implementation of Electronic Data Interchange requires mandatory electronic filing of the Baggage Declaration Form by passengers or authorised Customs Brokers at the service centre, which issues a printed checklist and location slip to move packages to the Customs Examination Area. Inspectors reconcile entries in the EDI system and forward routine cases to Superintendent (UB) for assessment. Escalated assessment by Assistant/Deputy Commissioner (UB) is required for transfer-of-residence claims, high-value consignments, and goods imported in contravention of law. After assessment and bank payment of duties, Superintendent (UB) endorses out-of-charge and the custodian issues gate passes on payment of handling charges; certain supporting documents remain manual.

Closure of foreign company place of business: applies only where the company issued a prospectus or IDRs.
The mutatis mutandis application of Chapter XX to closure of a foreign company's place of business in India is confined to foreign companies that have issued a prospectus or Indian Depository Receipts (IDRs) pursuant to the capital raising regime applicable to foreign issuers.

Cross-border inward personal remittances require authorised agents, compliant beneficiary accounts, and strict oversight of overseas principals and sub-agents.
MTSS permits authorised Indian Agents to disburse only inward personal remittances from Overseas Principals to individual beneficiaries in India; outward transfers and specified non-personal uses are excluded. Authorisation depends on eligible status, minimum Net Owned Funds, due diligence, KYC/AML/CFT controls, and Overseas Principal collateral. Indian Agents remain responsible for Sub-Agents, including due diligence, training, transaction reporting, monthly audits, and annual inspections. Direct electronic credits require compliant beneficiary accounts, complete originator and beneficiary information, and safeguards against credit to non-compliant or NRE/NRO accounts.

Online verification of cash transactions classifies records as acceptable or non acceptable and quantifies undisclosed income electronically.
SOP requires Assessing Officers to perform fully electronic verification of demonetisation related cash transactions via the e filing and ITBA/AIMS platforms: taxpayers view records, submit online explanations and evidence, and AOs must mark each record as Acceptable or Non Acceptable, quantify undisclosed income for non acceptable records, request additional information through the portal, secure prescribed supervisory approvals online, and escalate unresolved or non compliant matters for further action including statutory measures.

Change of jurisdiction for IEC holders: new RA must amend IEC on documents and notify the original RA, enabling benefits
When an IEC holder seeks modification of Head Office or Registered Office address involving a jurisdictional RA shift, the request must be made to the new RA into whose jurisdiction the applicant is relocating. The new RA will examine submitted documents, amend the IEC as appropriate, allow the applicant to carry out necessary functions and apply for eligible benefits under the Foreign Trade Policy, and separately inform the RA that originally issued the IEC of the changes made.

Mutual fund derivatives participation: existing schemes may introduce derivatives without unit-holder consent; investors given exit window and disclosures.
Existing mutual fund schemes whose SIDs do not envisage derivatives may introduce derivatives without obtaining positive consent from a majority of unit holders, provided all investors are offered a no-exit-load exit option for a prescribed window, the extent and manner of participation and associated risks are disclosed with suitable numerical examples, and the scheme complies with applicable regulatory provisions prior to commencing derivatives exposure.

Foreign investment in stock exchanges permitted under automatic route, subject to securities regulations and SEBI/RBI guidelines.
Foreign investment in stock exchanges, derivative exchanges, depositories and clearing corporations is permitted up to forty-nine percent of equity under the automatic route. Such investment, including by FPIs, is subject to the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012, the SEBI (Depositories and Participants) Regulations, 1996, and other guidelines/regulations issued by the Central Government, SEBI and the Reserve Bank of India as amended. Undefined terms in these regulations shall have the meanings assigned in the Companies Act, the Securities Contracts (Regulation) Act, the SEBI Act, the Depositories Act or the relevant SEBI regulations.