Refund fortnight for Input Tax Credit claims urges immediate filing and expedited clearance by tax officers.
A dedicated Refund Fortnight has been directed to expedite clearance of pending refund applications for Input Tax Credit; taxpayers are requested to file any pending refund claims immediately and all officers are instructed to clear pending refunds within the fortnight, while Trade & Industry Associations are asked to publicize the notice to their members.

Refund processing: expedited fortnight to clear pending input tax credit claims with inter-authority coordination and relaxed invoice requirements.
Immediate administrative measures direct expedited liquidation of pending input tax credit refund claims within a special processing period, requiring processing of claims even where central/state allocation is unresolved with intimation to state authorities, waiver of insistence on original invoices for disposal, and summary rejection of small-value claims except where covered by cash ledger, with an overall target to eliminate pendency by the period's end.

Independent review of issuer-requested rating appeals required; CRAs must publish non-accepted ratings and half yearly disclosures.
CRAs must have an independent majority Rating Committee to review issuer requests for rating review, publish non accepted ratings on their websites in a prescribed format, and upload a segregated half yearly Rating Summary Sheet for securities and non securities. SEBI has modified existing disclosure formats, re timed defaults reporting to a half yearly basis, required presentation of debt weighted default rates using weighted averaging, and mandated internal audit verification with specified auditor qualifications.

Eligibility for registered valuer: only qualified, exam passed RVO members may be recommended for registration; online filing required.
An individual is eligible for registration as a valuer only if they are a fit and proper person, meet the prescribed qualification and experience requirements, are a valuer member of a recognised RVO, have completed the recognised educational course, have passed the Authority's valuation examination for the relevant asset class, and are recommended by the RVO. Recognised RVOs must admit only individuals meeting the specified qualifications and experience and recommend for registration only those who have completed the course and passed the valuation examination; applications in Form A or Form B must be submitted to the Board and will be accepted online as notified.

IGST export refunds expedited through a dedicated fortnight and nodal cell to clear pending refund claims promptly.
New Customs House declared an IGST Exports Refunds Fortnight (31 May-14 June 2018) with a dedicated nodal cell at the Annex Building, 4th Floor, to clear pending IGST export refund claims back to July 2017; exporters must submit SB005/SBV00 and similar error cases with correct, legible supporting documents and may contact designated nodal officers or the Commissioner's email for unresolved difficulties.

IGST refund transmission delays: interim sanction on undertakings and CA certificates pending GSTN records for exporters
Sanction of IGST refunds where GSTN has not transmitted records is permitted through an interim procedure: Customs will identify exporters with reconciled cumulative IGST between GSTR 3B and GSTR 1 for transmission by GSTN, require submission of Chartered Accountant certificates confirming no discrepancy, and for short payments mandate payment of shortfalls with proof and undertakings; processed refunds remain subject to post refund audit and verification by jurisdictional GST officers.

IGST refund: officer interface may sanction refunds where IGST was paid but miscoded on shipping bills after GST return verification.
An ICES officer interface option allows sanctioning IGST refund where exporters mistakenly declared shipments without IGST but have paid IGST in GST returns; officers verify invoice-level IGST payment displayed from GST returns and enter the admissible refund amount, limited to shipping bills with no other mismatches. For SB003 cases involving GSTIN discrepancies or PAN-only declarations, officers may grant refunds through the interface upon an undertaking from the GST-registered unit that it will not claim the refund separately.

IGST refund procedure: exporters to submit CA certificates or proof of IGST payment to enable transmission and sanction.
Sanction of pending IGST refund claims where GSTN transmission to Customs EDI was blocked is enabled through a two track procedure: for no short payment, Customs will identify exporters with matching cumulative IGST in GSTR 3B and GSTR 1 and process refunds upon receipt of a Chartered Accountant certificate to the port customs and jurisdictional GST office; for short payments, exporters must pay the shortfall, submit proof of payment (and a CA certificate for larger claims), provide an undertaking to repay if necessary, and be listed for GSTN transmission and post refund audit.

IGST refund rectification: officer interface enables exporters to correct specified errors to secure stuck export refunds.
IGST refunds for exports can be facilitated through an officer interface to rectify specified errors causing refunds to be held up, including invoice mismatches in Shipping Bills, EGM non-filing or erroneous EGMs at ICDs/gateway ports, incorrect declaration of IGST payment or LUT status, and wrong GSTIN in Shipping Bills; designated refund-processing locations and a nodal officer are provided to assist exporters and stakeholders in resolving these cases so that frozen refund claims may be processed.

IGST refund transmission failure: interim procedure permits conditional sanction subject to CA certificates, shortfall payment and post refund audit.
An interim procedure enables sanction of IGST refund claims blocked due to GSTN non transmission by distinguishing no short payment and short payment cases: Customs will list eligible exporters, GSTN will confirm transmission, exporters whose refunds are processed must submit Chartered Accountant certificates to customs and jurisdictional GST offices, shortfalls must be paid and evidenced (with differing proof requirements by aggregate amount), and all beneficiaries will face post refund audits by DG (Audit).

IGST refund procedure enables officer interface verification of GST returns to sanction refunds for misdeclared export shipping bills.
IGST paid on exports may be refunded via the ICES officer interface when exporters mistakenly declared shipments as without IGST payment; officers verify IGST payment invoice wise against GST returns displayed, enter the admissible refund amount, and may sanction corrections only where no other mismatches exist. For shipping bills showing a different GSTIN or only PAN, officers may sanction refund after obtaining an undertaking from the GST registered unit that filed returns confirming no objection and no separate refund claim; sanction follows officer verification and satisfaction.

Refund claims procedure clarified: procedural sufficiency for ISD, composition and non resident taxpayers and export refunds.
Clarifications specify that ISDs, composition taxpayers and non resident taxable persons need not file FORM GSTR 1 or FORM GSTR 3B to claim refunds; instead their applicable returns (GSTR 6, GSTR 4, GSTR 5) suffice. For exports misdeclared in GSTR 3B for 1 7 2017 to 31 3 2018, RFD 01A may be filed provided claimed integrated tax/cess refund does not exceed the aggregate reported in columns 3.1(a)-(c) of GSTR 3B. Exporters may claim refund of unutilized compensation cess credit for zero rated supplies under bond/LUT, but cess credit cannot be used to pay integrated tax. Bond/LUT is not required for zero rated exempt or non GST goods. Rule 96(10) restriction applies only where exporters directly receive goods from suppliers availing specified notifications.

IGST refund processing: special initiative to expedite pending export refund applications and provide an on-site dedicated refund cell.
A Special Refund Fortnight from 31st May to 14th June 2018 has been instituted to prioritise processing of GST refund applications received on or before April 30, 2018, mobilising Centre and State GST officers to expedite IGST refund claims arising from exports. A dedicated IGST Refund Cell has been opened at the New Custom House, Air Cargo Complex, Meenambakkam to assist exporters, with specified officer contacts, a landline and an email provided for facilitation and resolution of pending refund cases.

Refund claims under GST: clarified filing requirements, export refund validations, and cess credit eligibility for exporters.
Refund claims by an ISD, composition taxpayer under section 10, or a non-resident taxable person may be made without filing FORM GSTR-1 or FORM GSTR-3B; filing FORM GSTR-6, FORM GSTR-4 or FORM GSTR-5 respectively suffices. For tax periods 01.07.2017-31.03.2018 exporters who misreported zero-rated supplies in GSTR-3B may file FORM GST RFD-01A provided integrated tax/cess refund claimed does not exceed the aggregate reported in columns 3.1(a), 3.1(b) and 3.1(c) of GSTR-3B. Refund of unutilized compensation cess credit is allowable for zero-rated supplies under bond/LUT but not where export is on payment of integrated tax; bond/LUT not required for zero-rated exports of exempted or non-GST goods. Rule 96(10) restricts payment-based exports only where exporters directly receive goods from suppliers availing specified notification benefits.

GST migration pending issues must be reported through the grievance mechanism in prescribed format for weekly consolidation.
The Commercial Tax administration in Uttar Pradesh directed field officers to route GST migration problems through the IT Grievance Redressal Mechanism for taxpayers unable to migrate because of technical difficulties. Officers were required to compile prescribed taxpayer details in Excel format, use the subject line "Migration Pending Issues," and forward the information through the nodal officer to the GSTN committee for weekly consolidated consideration.

Jurisdiction reallocation under Mumbai Customs Zone II assigns specific import, export, audit and adjudication roles among six commissionerates.
Jurisdiction and work among six Nhava Sheva Commissionerates under Mumbai Customs Zone II are reallocated effective from the stated date: Nhava Sheva (General) centralizes port terminal coordination, preventive, vigilance, CIU and various centralized services; Nhava Sheva I, III and V receive specified import appraisal and examination responsibilities by grouped import assessments and CFS allocations; Nhava Sheva II is designated for centralized export assessment and export scheme management including drawback and export licensing; Nhava Sheva IV is assigned transaction based audit, thematic audit and OSPCA functions. Adjudication jurisdiction follows CAC monitoring and rules assigning imports to filing or investigatory groups and exports to the NS II export assessment group, with transitional provisions for pending cases.

IGST refund compliance requires reconciled GSTR filings and CA certification to secure pending export refunds.
Sanctioning of pending IGST refund claims at JNCH uses an alternative mechanism for cases where GSTN records were not transmitted. Exporters with GSTR-3B IGST equal to or exceeding GSTR-1 must submit a Chartered Accountant certificate to DC(IGST) at the port with a copy to the jurisdictional GST office; shortfalls in GSTR-3B require payment of the difference via subsequent GSTR-3B filings with proof to customs, with thresholds determining whether self-certified challans suffice or whether a CA certificate and undertaking are additionally required.

Direct Port Delivery for AEO status holders changes through omission of one eligibility-related guideline while remaining conditions continue.
Direct Port Delivery (DPD) guidelines for Authorised Economic Operator (AEO) status holders are modified by omitting paragraph 11(i) of the earlier framework. All remaining conditions governing DPD for AEO status holders continue unchanged. Implementation difficulties may be raised with the Commissioner of Customs (Port), Kolkata.

GST refund eligibility clarifies return requirements, compensation cess credits, exempt exports, and restrictions on integrated tax-paid exports.
GST refund claims by Input Service Distributors, composition taxpayers and non-resident taxable persons may rely on their respective prescribed returns instead of FORM GSTR-1 and FORM GSTR-3B. Compensation cess credit on coal used for zero-rated aluminum supplies under bond or LUT may be refunded, but cannot be used to pay integrated tax on exports. Exporters of exempted or non-GST goods need not furnish bond or LUT for zero-rated supplies without integrated tax and may claim eligible unutilized input tax credit. The restriction on export on payment of integrated tax applies only to direct procurement from suppliers using specified tax-free or concessional benefits.

Refund claims procedures: specified category returns suffice for ISD, composition and non-resident taxpayers to seek refunds.
An ISD, composition taxpayer or non-resident taxable person need not file FORM GSTR-1 or FORM GSTR-3B to claim refunds; their category-specific returns (FORM GSTR-6, FORM GSTR-4, FORM GSTR-5 respectively) suffice. For specified past tax periods, refund claims of integrated tax/cess on exports or supplies to SEZs are allowed up to the aggregate declared in specified GSTR-3B columns where portal validation had previously limited claims. Exporters can claim refund of unutilized compensation cess credit on inputs for zero-rated supplies under bond/LUT, but such cess credit cannot be used to pay integrated tax; LUT/bond is not required for zero-rated exempt or non-GST goods exports. The restriction under rule 96(10) applies only to exporters directly receiving goods from suppliers who availed certain notifications.