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Circulars
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Format for annual secretarial audit report and annual secretarial compliance report for listed entities and their material subsidiaries
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Secretarial Audit required for listed entities and material subsidiaries; annual compliance report by a practicing company secretary must be filed with exchanges.
Secretarial audit and an annual secretarial compliance report are mandated for listed entities and their material unlisted subsidiaries from the financial year ended March 31, 2019; the secretarial audit may use Form No. MR-3 to avoid duplication, and a Practicing Company Secretary must produce the prescribed compliance report examining company records, exchange filings and website, reporting deviations, record maintenance, regulatory actions and actions taken on prior observations, with the listed entity required to submit the compliance report to stock exchanges within the specified post-year-end period.
Changes in Circulars issued earlier under the Goa GST Act, 2017.
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LUT acceptance for exports in INR where RBI permits - exporters and SEZ supplies permitted subject to RBI conditions.
Consequential to GST Amendment Acts effective 01.02.2019, acceptance of LUT for supplies of goods or services to countries outside India or SEZ developers/units is permitted where RBI allows realization in INR; principals retain responsibility for job-work accounts and must treat non-return/ non-supply within the period under section 143 as deemed supply, issue invoice and pay tax and interest; job workers require registration when turnover exceeds the threshold or on inter-state service supplies; detention payment period extended to fourteen days; liabilities may be discharged via FORM GST DRC-03 or DRC-07; registration suspension during cancellation proceedings relieves routine compliance except filing of final return.
Implementation of Risk Management System (RMS) in Exports
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Risk Management System in exports changes selection of shipping bills for customs verification and facilitation.
The RMS will electronically process Shipping Bills in ICES at submission and after amendments to direct whether a bill receives a "Let Export Order" based on self assessment or is selected for verification of self assessment and/or physical examination; officers must follow RMS instructions. The system incorporates Compulsory Compliance Requirements from allied enactments, requires exporters/CHAs to submit prescribed documents at goods registration and before LEO, and will later select bills for Post Clearance Audit to detect short levies or improper export incentive claims.
Implementation of Risk Management System (RMS) in Imports at Port
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Risk Management System in imports enables automated self-assessment clearance with targeted assessment or post-clearance audit.
The RMS establishes an automated risk-based clearance regime in ICES/ICEGATE where electronically filed Bills of Entry and IGMs are screened to permit out-of-charge of compliant self-assessed consignments without officer assessment or examination, while selecting others for appraisal, physical examination, or Post-Clearance Audit. AEO importers receive enhanced facilitation subject to Compulsory Compliance Requirements. System-driven bond debits, annexure requirements for SVB and certificates, integration with SWIFT compliance lists, retention of amendment procedures, and a shift from concurrent audit to PCA are operative features; accurate B/E data and document submission are mandated for facilitation.
Operations of EOU/STPI/EHTP and DTA units availing exemption /concessional rate Of duty under Import Of Goods at Concessional Rate Of Duty Rules, 2017 based on circulars and Notifications issued by CBIC
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Concessional import duty for EOUs updated to align with current trade policy and GST, affecting exemptions and bond requirements.
Notifications amend customs and central excise provisions governing EOUs/STPIs/EHTPs and DTA units to align with the present Foreign Trade Policy and GST regime. Imported goods may be temporarily cleared without payment of customs duties, IGST and compensation cess (with GST liability governed separately); duty on later DTA clearance is the duty exempted at import; depreciation for capital goods is preserved; redundant references and superseded provisions are removed; job worker GST registration and a revised B 17 bond with GSTIN references are mandated while existing bonds remain valid.
E-way bill verifications- issues
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E-way bill verification compliance must be intensified; officers must report weekly status or face appraisal consequences.
The circular directs that officers assigned to e-way bill verification must increase frequency and coverage of checks of consignments and accompanying documents, and require submission of weekly status reports; verification performance will be monitored and non-compliance will affect officers' appraisals, stressing verification as a routine enforcement duty to protect return-filing compliance and State revenue.
Processing of Refund applications filed by Canteen Stores Department (CSD).
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Refund entitlement for CSD: invoice-based fifty percent tax refund with quarterly Form RFD-10A filing and specified documentation.
CSD entitlement is fifty per cent of State, Central and Integrated tax on inward supplies subsequently supplied to unit canteens or authorized customers. Refunds are invoice-based, filed quarterly in Form GST RFD-10A with an undertaking, declaration of no prior claim, GSTR-3B and GSTR-2A copies, attested invoices not in GSTR-2A, and bank details. The proper officer must acknowledge within 15 days, may issue one complete deficiency memo within 15 days, validate GSTIN and returns on the portal, and sanction fifty per cent per tax head by Form GST RFD-06 with payment advice in Form GST RFD-05.
External Commercial Borrowings (ECB) Policy – ECB facility for Resolution Applicants under Corporate Insolvency Resolution Process
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External Commercial Borrowings end-use relaxation allows resolution applicants to raise ECBs to repay rupee term loans under approval route.
The Reserve Bank permits resolution applicants under Corporate Insolvency Resolution Process to raise ECBs, excluding borrowings from branches/overseas subsidiaries of Indian banks, for repayment of rupee term loans of the target company under the approval route; proposals must be routed through Authorised Dealer Category I banks to the Foreign Exchange Department, Central Office, Mumbai, and all other ECB provisions remain unchanged.
Activation of ANF 3D under the E-com module for applying for MEIS for courier/postal shipments under Para 3.05 of the FTP and Para 3.02 of the HBP
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Activation of ANF 3D e com module enables MEIS claims for courier and postal shipments; no application fee applies.
Activation of the ANF 3D e commerce application module on the DGFT portal permits filing of MEIS claims for courier and postal exports; no application fee is required for ANF 3D filings, and for exports prior to the amended form's publication late cut provisions will be applied using the date of publication as the relevant date.
Standard Operating Procedure consequent to commencement of “Document Processing Area” in the Parking Plaza and Gate Automation for Export & Import through NSICT/NSIGT, GTI & JNPCT
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Container exit controls: CFSs prohibited from issuing LEO on seal-intact certification; parking plaza processing required.
Officers at Container Freight Stations shall not register shipping bills or issue Let Export Orders for self-sealed containers solely on the basis of a 'seal intact' certification from parking plaza officers; export documents and RFID seal verification must be processed through the parking plaza and terminal TOS, and only containers selected for open examination or showing seal mismatch may be processed for LEO at CFS.
Non functioning of Mobile scanner at Port Terminal; Revised Procedure for scanning of DPD-DPD mode containers
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AEO vehicle access for container scanning permits accredited importers to take DPD containers to a drive-through scanner with customs endorsement.
When the mobile scanner at the port terminal is non functional, AEO importers (T1, T2, T3) whose DPD DPD containers are selected for scanning may use their own vehicles to evacuate containers to the Drive Through Scanner upon Customs endorsement of the Delivery Order after AEO verification. AEO T1 importers must furnish a bond equivalent to the goods' value at the terminal boarding office; bond cancellation follows a scan clean report and Customs out of charge. If CONCOR is the authorised rail carrier, it may transport containers to the DTS against an Import Continuity Carrier Bond, with suspicious scans requiring transfer to the importer's chosen CFS for detailed Customs examination.
AEO Programme digitisation; Ease of Doing Business; Introduction of web based application (module for online application) for Authorized Economic Operator (AEO ) Tl, CBIC Circular No. 51/2018- Customs, dated 07.12.2018
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AEO Programme digitisation: online AEO T1 portal launched; manual filing allowed until transition cutoff to online system.
The document establishes an online portal (aeoindia.gov.in) for AEO T1 applications where applicants register, verify via OTP, complete Annexure I and II, upload documents and a declaration, preview and submit; submissions go to Customs officers for scrutiny, then to a Zonal AEO Programme Manager for approval or rejection, and on approval are forwarded to the Directorate for electronic certificate generation. Manual filing remains permissible concurrently until the transition cutoff to the online system.
mendment of Rule 96 (10) of CGST Rules, 2017 and the impact on exporters
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IGST refund restriction: exporters who availed specified duty exemptions must export under LUT or report and repay refunds.
Amendment disqualifies exporters from claiming refund of IGST on exports if they have availed specified exemption notifications for deemed exports, supplies to merchant exporters, EOUs, Advance Authorisation and EPCG receipts, except where linked to the Export Promotion Capital Goods/Goods Scheme; affected exporters must export under LUT and those who already received refunds must report to Customs and jurisdictional GST authorities and repay the refund after consultation.
Changes in Circulars issued earlier under the CGST Act, 2017 & TSGST Act, 2017.
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Uniform implementation of GST clarifications mandates state adoption of central circular updates for consistent tax administration.
Tripura directs state tax officers to adopt and apply the central GST clarifications issued in Circular No. 88/07/2019 GST, aligning prior state circulars with those central instructions to ensure uniform implementation of the GST law across field formations under the administrative powers of the Tripura State GST Act.
Performance review of Public Interest Directors (PIDs)
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Public Interest Director performance review required for tenure extension, with equal internal and external evaluations and disclosure.
Performance review is required for extending a Public Interest Director's three year term by another three years. The Nomination and Remuneration Committee must frame and periodically review a performance policy, providing for equal weight internal and external evaluations; internal reviews are annual by all board members, and external reviews are conducted in the PID's last year by an independent consultant. Evaluation results, recorded in a standardised format, must be disclosed in the annual report and website. NRCs recommend extensions to the governing board based on combined evaluations; applications for extension must include attendance records and reasons, including disclosures regarding conflicts of interest.
Empanelment of Chartered Engineers for Valuation of Second Hand Machinery/ Goods in the Office of the Commissioner of Customs, Mangalore
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Empanelment of chartered engineers for valuation of second hand machinery with prescribed Form B reports and capped professional charges.
Three named chartered engineers/firms are empanelled for valuation of second hand machinery and other goods within the Commissionerate of Customs, Mangalore, for one year. Empanelled engineers must submit half yearly self appraisal reports and provide inspection reports in Form B with detailed machine, importer and documentary information, photographs, and evidence of qualification or DGFT/Customs empanelment. Professional charges are Rs. 5,000 or 0.5% of assessed value, whichever is higher, capped at Rs. 15,000.
IGST Export Refunds–resolution of errors
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IGST export refund errors: ensure timely filing and matching of local and gateway EGMs to enable automated refunds.
Automated IGST refund processing is hindered by non-filing/late filing and mismatches between local and gateway EGMs and by non-filing of stuffing reports for LCL consignments. Originating ICD/CFS custodians, carriers and shipping lines must file local EGMs online before movement, maintain container-wise tally sheets linking previous and new containers and shipping bill details, and ensure gateway EGMs or supplementary EGMs are filed to permit integration. Persistent non-compliance by Customs Cargo Service Providers may attract penalties and regulatory enforcement; export verification remains a condition for refunds.
Extension of Manual Refund Procedure under GST in Uttar Pradesh up to 30 June 2019
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Manual GST refund procedure extended in Uttar Pradesh until online refund module becomes available.
Manual refund procedure under GST in Uttar Pradesh has been extended until 30 June 2019 pending availability of the online refund module on the GSTN portal. The Government Order dated 23 February 2018 and its corrigendum dated 21 March 2018 continue to govern the manual refund framework, and all other terms and conditions remain unchanged.
Extension of time limit for submitting the declaration in FORM GST TRAN-1 under rule 117(1A) of the Uttar Pradesh Goods and Service Tax Rules, 2017 in certain cases.
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Extension of filing deadline for FORM GST TRAN-1 granted to registrants affected by portal technical difficulties.
Extension of time to submit FORM GST TRAN-1 is granted for a class of registered persons who could not file by the due date because of technical difficulties on the common portal; the Commissioner, acting on Council recommendations and under the relevant rules and Act, supersedes an earlier order except as to actions already done or omitted, limiting the extension to cases recommended by the Council.
Changes in Circulars issued earlier under the RGST Act, 2017.
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Suspension of registration under RGST now relieves taxpayers from routine compliances during cancellation proceedings; final return still required.
Amendments update Circulars No. 05/2018 and No. 10/2018 to reflect the RGST (Amendment) Act, 2018: payment period for taxes and penalties on detained goods is extended from seven to fourteen days with corresponding revisions to FORM GST MOV-08 and MOV-09, and section 29 is amended to provide for suspension of registration during cancellation proceedings so that field formations may refrain from issuing notices for non-filing of returns while the requirement to file a final return remains unchanged.

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Changes in Circulars issued earlier under the RGST Act, 2017.

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Suspension of registration under RGST now relieves taxpayers from routine compliances during cancellation proceedings; final return still required.
Amendments update Circulars No. 05/2018 and No. 10/2018 to reflect the RGST (Amendment) Act, 2018: payment period for taxes and penalties on detained ... Summary

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Acts Income Tax