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Circulars
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Weekly Open House in terms of DGFT Trade Notice 22/2015 dt 31-3-2016
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Weekly Open House to address pending DGFT applications; submit issues by Tuesday via designated email for review.
Establishment of a Weekly Open House provides a recurring forum for applicants to raise pending DGFT issues; sessions are held Wednesdays 2.30-3.30 p.m. at the conference hall, and applicants must submit complete details and participant names/designations by Tuesday evening to [email protected] with CC to [email protected] for coordination.
New Email IDs for IEC and EDI issues
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IEC and EDI contact procedure updated: designated official email channels established for pending applications and technical transmission issues.
Two designated official email channels have been established: one for queries on pending IEC applications and modifications filed with the regional office, and another for technical faults, online module problems and transmission issues affecting EDI submissions; applicants should use their official organizational email addresses and may use the general contact channel for other matters.
Drawback on Gold and Silver Jewellery- Drawback claim shifted to Precious Cargo Customs Clearance Centre, (PCCCC), "G" block, Bharat Diamond Bourse, Bandra - Kurla Complex, Bandra(East), Mumbai- 400 051
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Drawback claims processing relocated to Precious Cargo Customs Clearance Centre; exporters and CHAs must file and pursue claims there.
Drawback claims for gold and silver jewellery filed and processed under section 75 of the Customs Act, 1962 are relocated to the Precious Cargo Customs Clearance Centre (PCCCC), G Block, Bharat Diamond Bourse, Bandra Kurla Complex, Mumbai; all existing claims held at the Drawback Section, Air Cargo Complex (Exports), Sahar, Mumbai are being transferred to PCCCC for processing and stakeholders must submit future claims there.
Customs - Issue of Indian Currency Note – Foreign going vessels - Instructions - Issue of Public Notice
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Issue of Indian currency notes: restriction on denomination for travellers and ship captains withdrawn under revised guidelines.
In light of revised Reserve Bank guidelines, the Customs Board has withdrawn the restriction on the denomination of Indian currency that may be carried by an Indian traveller or by a ship's captain, referencing Board Circular No. 07/2016-Cus and superseding Circular No. 51/1999; trade is directed to the Board's website and asked to report any difficulties to the Board.
Ease of Doing Business - Launch of Customs SWIFT (Single Window Interface for Facilitating Trade) clearances
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Single Window trade facilitation enables integrated electronic declarations and risk based clearances across multiple regulatory agencies, reducing delays.
Launch of a Single Window Interface for Facilitating Trade (SWIFT) creates an Integrated Declaration on ICEGATE consolidating Customs and multiple Partner Government Agencies' information requirements, replacing nine separate forms. The system implements an Integrated Risk Management facility for PGAs to enable risk based selection for examination and testing rather than routine checks, and accompanies procedural harmonisation including publication of standard operating procedures and establishment of Customs Clearance Facilitation Committees to streamline interagency clearance.
Verification of Genuineness of Agricultural Income Shown in ITR Filed By Assessees for Assessment Years 2007-08 to 2015-16
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Verification of agricultural income data entry errors requested; priority consolidated feedback submission required for identified cases.
Field formations must verify 289 probable data-entry-error cases of agricultural income reported in ITRs for AY 2007-08 to 2015-16, using the list published on i-taxnet, and submit a consolidated region-wise electronic report (xls/xlsx) by the stated deadline by e-mail to the Directorate so corrected figures can be compiled for reporting in connection with the PIL.
Discontinuation of physical mode of National Savings Certificate KVP and NSC shall stand discontinued w.e.f. 1-4-2016
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Discontinuation of physical savings certificates: transition to electronic-mode issuance, banks and post offices to follow notified serial rules.
Physical pre printed NSC and KVP certificates are discontinued and replaced by e mode issuance; until CBS transitions, banks and post offices may issue a physical certificate recorded on a passbook. Banks and DoP must use the new serial numbering pattern allocated to them and may rely on the referenced G.S.R. notifications available on the e gazette when issuing certificates.
New norms for Indian Customs Declaration Form reg.
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Customs declaration requirement: passengers with dutiable or prohibited goods must complete the form and use the red channel on arrival.
International passengers must complete the Indian Customs Declaration Form only if they have goods to declare or are carrying dutiable or prohibited goods and must report to the Customs Red Channel on arrival; passengers with nothing to declare may pass through the Green Channel without completing the form. Clarifications are available at the airport Help Desk, the Customs Public Relations Officer in the arrival hall, or via the designated online contact point; the instruction took effect from 1 April 2016.
Issue of Indian Currency Note – Foreign going vessels
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Issue of Indian Currency Notes: denomination restriction lifted for foreign-going vessels, aligning with revised central bank guidelines.
The Customs authority withdraws the earlier denomination restriction on Indian currency notes carried by foreign-going merchant vessels, following revised central bank guidelines and CBEC circular no. 7/2016, allowing ships to carry Indian currency without the prior limitation for onboard disbursements; a corrigendum corrects the public notice number and directs stakeholders to note the change for compliance.
Extension of e-payment deadline and of banking hours
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E-payment deadline extension allows electronic tax payments until midnight, with extended bank hours for payment facilitation.
Designated agency bank branches conducting government business were directed to keep counters open full day on 30 March and until 8:00 p.m. on 31 March, while electronic transactions would continue until midnight on 31 March; assessees may make e-payments up to midnight on 31 March and trade associations are requested to inform members of these temporary banking-hour and e-payment arrangements.
Clarification regarding applicability of Indian Accounting Standards to disclosures in offer documents under SEBI (ICDR) Regulations, 2009
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Ind AS applicability requires phased disclosure alignment in offer documents under SEBI ICDR, including transitional restatements and disclosures.
SEBI requires offer-document financial disclosures to follow the MCA phased Ind AS roadmap: specific prior years must be presented under Ind AS or prior accounting standards depending on filing date, issuers may opt to present all five years under Ind AS, and transition-year figures require restatement adjustments. Interim disclosures must follow the latest year's accounting policy. Where Ind AS is used, the issuer must state that fact, explain differences from prior standards, provide Ind AS 101 transition and interim disclosures, apply consistent accounting policies across disclosed years, and ensure Ind AS disclosures are audited or reviewed under SEBI (ICDR) Regulations.
Implementing Integrated Declaration under the Indian Customs Single Window
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Integrated Declaration requires revised Bill of Entry with mandatory coded fields and specified statement codes for imports.
Implementation of Integrated Declaration requires a revised Bill of Entry format with newly added mandatory fields that may lead to BE rejection if not filled. ICEGATE hosts the technical specifications, directories and PGA filing guidelines. Operational changes include provisioned blank fields for future use, third party invoice entries for RBI reporting, expanded RSP flags, mandatory coded end use values, accessory status, Preceding Level in HSS, a commercial tax type flag for concessional excise cases, and a Statement Table with required statement codes and Statement Type DEC.
Implementing Integrated Declaration under the Indian Customs Single Window
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Integrated Declaration streamlines import clearance via a Single Window, enabling electronic PGA clearances and risk-based inspections.
The Integrated Declaration requires importers and customs brokers to file a consolidated electronic Bill of Entry via ICEGATE, replacing multiple legacy forms and standardized company declarations, enabling online PGA clearances and simultaneous processing by Customs and PGAs. It captures harmonized data fields and supporting-document particulars, supports digital submission of signed documents when infrastructure is available, and feeds a dynamic risk-based inspection module that implements selectivity criteria and delegation rules for examinations, inspections, and sampling.
Implementation of the Integrated Declaration under the Indian Customs Single Window
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Integrated Declaration requirements: Mandatory new Bill of Entry fields may cause automatic rejection of filings if not completed.
Implementation of the Integrated Declaration alters the Bill of Entry message format by adding several new fields, some mandatory, whose omission may cause BE rejection. ICEGATE hosts the technical specifications and directories, with PGA filing guidelines to follow. Operational changes include reserved @@ fields, invoice table third party entries for RBI purposes, expanded RSP flags for exemption categories, mandatory coded End Use values, an Accessory Status field under Accessories (Condition) Rules, a Preceding Level in HSS transactions, a Commercial Tax Type flag for excise registration under concessional import rules, and a Statement Table requiring specified statement codes and a DEC statement type to facilitate electronic statutory declarations.
Implementation of 'Integrated Declaration'
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Integrated Declaration centralises import data capture and harmonises Customs and regulatory agency requirements for electronic filings.
Implementation of an Integrated Declaration replaces the Bill of Entry with a single electronic import declaration submitted via ICEGATE, consolidating Customs and Participating Government Agency requirements. New bill-level fields include authorised dealer bank code, Unique Consignment Reference and payment method code. Invoice-level fields record third-party payment details, expanded INCOTERMS, AEO declarations and buyer-seller relationship flags. Item-level changes introduce structured fields and tables for end-use, Accessory Status, RSP applicability codes, manufacturer details, origin/source/transit information, item characteristics, composition, production/lot data and control history for PGA regulatory and traceability purposes.
Foreign Direct Investment (FDI) in India – Review of FDI policy –Insurance sector
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Foreign investment limit in insurance sector increased under automatic route subject to prescribed conditions and applicable approvals.
The circular implements an increase in the foreign investment limit in the insurance sector under the automatic route, subject to terms and conditions notified under FEMA; Authorised Dealer Category I banks are to inform constituents and note that the directions are issued under statutory foreign exchange powers but do not obviate other legal permissions or approvals.
Import of Rough, Cut and Polished Diamonds
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Clean credit extension for diamond imports now permitted by authorised banks subject to conditions, due diligence and reporting.
Authorised Dealer Category I banks may approve extensions of clean credit for import of rough, cut and polished diamonds beyond 180 days where satisfied of genuineness, absence of interest on the extended period, and that delays arise from financial difficulty or quality disputes; extensions are not permitted if the importer is under investigation or a frequent offender. AD banks may allow additional time up to 180 days beyond the prescribed due date, must refer cases exceeding that to the Reserve Bank Regional Office, and file half yearly customer wise reports while complying with KYC and AML obligations.
Courier operations through Kolkata Air Cargo Complex- procedure reg.
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Courier registration requirements enable expedited customs clearance but impose bonding, documentation, and compliance obligations on operators.
The notice prescribes registration, solvency evidence, bond and security, documentation, and infrastructure requirements for Authorized Couriers at Kolkata Air Cargo Complex; mandates client authorisations, due diligence, recordkeeping and use of authorised personnel; details export and import filing procedures by category (CSB/CBE types), mandatory screening and supervised examination, detention and warehouse procedures, prior filing conditions, and grounds and procedure for suspension or revocation of courier registration with appellate remedy to the Chief Commissioner.
Attention of Importer/Customs Brokers is invited to recent Board Circular No. 010/2016 Customs dated 15.03.2016 regarding the implementation of Single Window and Integrated declaration of Bill of Entry for imports
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Integrated Bill of Entry declaration requires new mandatory fields and AD code before customs acceptance.
Implementation of an Integrated Bill of Entry requires substantial BE format changes with several mandatory fields; ICEGATE publishes the technical specifications and code lists. Operative changes include @@ fields reserved for future use, invoice entry for RBI third party details, expanded RSP flags, mandatory coded enduse values, accessory status declaration, Preceding Level in HSS, a new Commercial Tax Type flag for Central Excise registration under IGCR, mandatory Statement Table codes with type DEC, and mandatory AD Code declaration for outward remittance.
Clarifications on Trade Facilitation Measures
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Trade facilitation measures: encourages paperless communication while preserving applicants' right to personal meetings and weekly open houses.
Trade facilitation measures encourage IT-enabled, paperless communication to improve efficiency, integrity and transparency while retaining reception-based documentary submissions and the right to personal meetings. Applicants shall not be denied meetings; senior-most available officers should meet them if senior officers are absent. The measures do not limit procedural rights in foreign trade adjudicatory proceedings. Regional Authorities must institute a weekly open house for applicants on Wednesdays, ensure designated officers address concerns, and implement the arrangements in the spirit of upright, fair and transparent office conduct.

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Central Excise

Implementation of e-payment of refund/rebate of Central Excise and Service Tax

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E-payment of refunds: direct bank credit to assessee accounts to expedite refund realisation and reduce cheque-related delays.
The Board has directed that all refunds and rebates of Central Excise and Service Tax be paid by direct electronic transfer into the assessee's bank ... Summary

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Acts Income Tax