Risk Management System implementation at ICD Bhambholi: all import Bills of Entry to be processed under RMS.
Implementation of a Risk Management System (RMS) for imports at ICD Bhambholi is announced, with all Bills of Entry filed in ICES to be processed under the RMS. The notice highlights the merger of facilitation schemes into a three-tier Authorized Economic Operator (AEO) Programme and invites eligible exporters to apply to the Commissioner of Customs, Pune; a Local Risk Manager with contact details is designated for resolving implementation difficulties.

Direct Port Delivery of imports expands automatic access for listed importers and specified facilitated categories without separate applications.
Direct Port Delivery of imports at Kolkata and Haldia Ports is extended to listed importers without a separate application. Government entities, Authorised Economic Operators, 100% Export Oriented Units, Special Economic Zone units, Nepal-Bhutan import transit consignments, and consignments bound for an Inland Container Depot are also automatically eligible. Other importers may apply under the prescribed procedure. Listed importers are encouraged to obtain Authorised Economic Operator status for assured facilitation and related benefits.

Input accountability requires shipping bill declaration, accountability statement and engineer certification for EODC issuance.
EODC shall be issued where the exporter has declared input quantities in the shipping bill, submitted the prescribed accountability statement linking exported items to imported inputs with matching quantities and specifications, and produced an independent Chartered Engineer's certificate certifying that the imported inputs were technically required and actually consumed in the manufacture of the exported products; matching of imported and consumed quantities in the specified columns is mandatory, and the procedure applies to pending EODC irrespective of policy period.

Investor group investment limits: primary market allotment must be validated to prevent breaches through PAN and depository checks.
Registrars and Transfer Agents must use Permanent Account Number for single-FPI compliance checks and obtain validation from depositories that no investor or investor group breaches prescribed investment limits at the time of finalising basis of allotment. Designated Depository Participants supply FPI identification details to depositories for investor group monitoring, and depositories must implement systems to share validation information with RTAs within SEBI-prescribed issuance timelines.

Authorised representative mechanism ensures creditor classes select a nominee to collect voting instructions and cast class votes in insolvency.
The Code and regulation 16A establish a procedural mechanism whereby, if a creditor class meets the threshold, the interim or resolution professional offers three insolvency professionals; creditors indicate their preferred nominee and the nominee with the highest number of selections becomes the authorised representative, who collects voting instructions, attends CoC meetings and casts the class vote in accordance with those instructions, and the resolution professional must facilitate this electronic choice process for unrepresented classes irrespective of process stage.

E-way bill transit inspections must avoid harassment of traders and transporters, with disciplinary action for misuse of checks.
Inspection of goods in transit under the e-way bill system must follow the prescribed procedures for stopping vehicles and for detention, release, and seizure of transported goods and vehicles. Officers are directed to ensure that no transporter or trader is harassed in the name of the e-way bill during checks. If harassment is found on investigation, strict disciplinary action is to be taken against the concerned mobile squad officers and their controlling officers.

MEIS benefit enhancement expands list of dairy and allied exports and raises reward rates for selected HS codes.
New dairy and allied HS codes are added to Appendix 3B, Table 2 of the Merchandise Exports from India Scheme, eligible for a 10% MEIS rate for exports made from 13.07.2018 to 12.01.2019, and MEIS rates for nine specified HS codes are temporarily enhanced to higher rates for defined periods, some through 12.01.2019 and others through 31.03.2019.

MEIS extension for Bengal-gram: export incentive benefit continued for specified shipments through September 2018 under FTP authority.
Extension of the Merchandise Exports from India Scheme (MEIS) for Bengal gram (ITC(HS) code 07132020): DGFT, under paragraph 1.03 of the Foreign Trade Policy (2015-2020), extends the MEIS benefit for exports effective 21 June 2018 through 20 September 2018, updating Table 2 of Appendix 3B and continuing the incentive beyond the prior expiry of 20 June 2018.

Tax dispute online tracking requires uploading case data and scanned orders at each adjudicatory stage for compliance.
Implementation mandates use of the Tax Dispute Online Tracking System (TDOTS) for monitoring tax dispute proceedings: issuing sections must upload case data and scanned documents and obtain credentials; each processing section must upload documents for successive adjudicatory stages and verify uploads before processing, endorsing files to the Commissioner; retrospective and legacy case uploads must be completed per transitional deadlines and the Commissionerate MPR must reconcile with TDOTS data with technical certification.

Prohibition on cash acceptance by stock brokers mandates non-cash settlements via electronic transfers or account-payee cheques.
Brokers are prohibited from accepting cash from clients directly or by depositing cash into the broker's bank account; payments must be by account payee crossed cheques, demand drafts, direct credit via electronic fund transfer, or other RBI permitted modes, with brokers accepting cheques only if drawn by clients and issuing cheques only in favour of clients.

Incorporation of purchaser name on demand instruments to reduce anonymity and curb money laundering; issuers must comply.
Issuance instruments such as demand drafts, pay orders and banker's cheques must bear the name of the purchaser printed on the face of the instrument, and the issuing bank is required to incorporate the purchaser's name on such instruments issued on or after September 15, 2018; this amendment to the Master Direction on KYC mandates the change and banks are instructed to ensure compliance.

Certificate of Origin (Non-Preferential) authorization expanded to include a new export promotion council and updated agency listings.
Authorization is granted for M/s Uttar Pradesh Export Promotion Council to issue Certificate of Origin (Non-Preferential), and the Council is enlisted in the Appendix listing of agencies empowered to issue such certificates with contact details. Following state bifurcation, Federation of A.P. Small Industries Association is redesignated as Federation of Telangana Small (MSME) Industries Association and its Appendix listing is moved to the new state's entry, updating the roster of authorized agencies.

Repeat order authorizations for SCOMET items approved by Chairman IMWG with defined eligibility, verification, and recall safeguards.
Amendment allows Chairman IMWG to approve repeat order authorizations for the same SCOMET items to the same country/entities without IMWG consultation; repeat orders to different countries/entities require Chairman approval after verification of buyer/consignee/end user. Eligibility is limited to applications within three years of the original authorization, requires end-user certification of quantity commensurate with operational capacity, an exporter declaration on qualifying conditions, and subjects authorizations to recall/termination on adverse reports; IMWG will confirm approvals ex-post facto and may refuse further repeats on proliferation concerns.

Government-backed Line of Credit enables export financing under Foreign Trade Policy, subject to FEMA compliance and remittance rules.
A Government-supported Line of Credit from Exim Bank finances export of eligible goods and services for a specified Zambian health project, requiring at least 75 per cent of contract value to be supplied from India and permitting up to 25 per cent procurement abroad. Shipments must be declared in the Export Declaration Form per Reserve Bank instructions. No agency commission is payable under the LoC, though exporters may use own funds or Exchange Earners' Foreign Currency Account balances to pay commission in free foreign exchange subject to realisation and extant remittance rules.

Line of Credit conditions require majority India-sourced exports and EDF shipment declarations with FEMA-based compliance obligations.
A Government of India supported Line of Credit of USD 17.50 million through Exim Bank finances hospital upgrades in Guyana, requiring at least 75 per cent of contract value for goods and services to be supplied from India and allowing up to 25 per cent external procurement. The LoC is effective from June 12, 2018, with a terminal utilization period of sixty months after scheduled completion. Shipments must be declared in the Export Declaration Form; no agency commission is payable under the LoC though exporters may remit commission from their own resources or EEFC balances subject to AD Category I bank compliance. The directions are issued under FEMA.

Line of Credit approvals enable export financing with prescribed domestic sourcing and FEMA-based reporting and remittance rules.
Government-supported Line of Credit through Exim Bank permits financing of eligible exports subject to Foreign Trade Policy eligibility. At least a specified portion of contract value must be supplied from India, with the balance procurable from outside India. Shipments under the LoC must be declared in the Export Declaration Form. No agency commission is payable from the LoC; exporters may pay commission from their own resources or Exchange Earners' Foreign Currency Accounts after realisation of export value, subject to extant instructions. AD Category I banks must notify exporters and the directions are issued under the Foreign Exchange Management Act.

Government supported Line of Credit permits export financing for harbour rehabilitation, subject to sourcing, EDF declaration and commission rules.
A Government supported Line of Credit finances rehabilitation of Kankesanthurai Harbour and allows financing of exports of eligible goods and services from India, requiring at least 75% of contract value to originate in India and permitting up to 25% procurement from outside; the agreement is effective from June 12, 2018 with a terminal utilization period of 60 months from scheduled contract completion.

Core SGF and standardized stress testing required for commodity derivatives clearing corporations to assess credit exposure and MRC adequacy.
Clearing Corporations clearing commodity derivatives must implement a Core Settlement Guarantee Fund framework and a modified standardised daily stress testing regime to assess credit exposure. The circular prescribes specific historical and hypothetical scenarios, end-of-day testing assumptions, client-level residual loss aggregation, inclusion of proprietary losses, collateral haircutting, and coverage calculations for simultaneous defaults of the two largest-exposure members and a percentage of total-member simultaneous default exposure, with phased implementation timelines.

Special warehouse compliance: mandatory custody, digital records, CCTV and escorted removal to duty free shops, with monthly returns.
Prescribes operational controls for Special Warehouses and Duty Free Shops under Cochin Customs: warehouses must be under bond officer custody with escorted removals to DFS; DFS operate as the point of sale under CCTV surveillance and computerized invoicing. Licencees must maintain secure facilities, a digital stock-keeping system with audit trail, server-location and daily backups, obtain authorised digital signatures, retain documentary evidence and scanned passenger identification linked to sales, and preserve records for a prescribed retention period. Transfers and removals must follow Section 58A licensing, Warehoused Goods (Removal) Regulations and Section 67, and licencees must file signed monthly returns and make records available for inspection.

Export proceeds monitoring may trigger recovery of drawback with interest if exporters' bank records are not updated.
Monitoring of export proceeds must be performed via the RBI-BRC module and exporters must ensure foreign exchange realisation is recorded within nine months of export unless extended by the Reserve Bank; otherwise the drawback disbursed becomes recoverable with interest. A list of shipping bills with pending realisation will be published, and exporters should instruct authorised dealer banks to update EDPMS records so customs can reconcile data. Customs will place alerts and issue show cause notices for recovery where updates are not made, and exporters may contact the Export Proceeds Realisation Monitoring Cell for assistance.