Separate limit for Interest Rate Futures: dedicated FPI long-position allocation with exchange monitoring and breach rectification.
The circular allocates a separate long-position limit for FPIs in Interest Rate Futures, modifies prior SEBI circular provisions accordingly, and prescribes that only net long positions of FPIs in each IRF instrument be aggregated for the cap while excluding net shorts. It further imposes an individual FPI long-position cap, requires stock exchanges to monitor and publish aggregate FPI net long positions daily, trigger alerts as utilisation nears the allocation, and mandates that FPIs causing any breach must square off excess positions within a short prescribed timeframe or by contract expiry. Existing Government securities limits remain exclusively for Government securities.

IGST refund invoice mismatch: special rectification camp to assist exporters correct filings and clear pending refund claims.
IGST refund claims are delayed due to invoice mismatches between Shipping Bills and GST returns identified as error code SB005; the Board has provided an administrative mechanism to reconcile such mismatches under Circular No. 05/2018-Customs, and a special rectification camp will be held to assist exporters and trade associations in correcting filings and clearing pending refund claims.

Form E 13 requirement: present the form before LEO issuance to ensure direct container movement to port.
Form E-13 must be presented after registration and before issuance of the Let Export Order (LEO); it is not required at entry into Parking Plazas but is a mandatory prerequisite to LEO to ensure containers move directly to the port terminal. The same timing applies to refrigerated and perishable cargo containers, exporters should plan movements to avoid last minute congestion, and implementation constitutes a standing order for officers and staff.

Mandatory importer identification in bills of lading: require GSTIN, IEC and email to enable screening and DPD processing.
Importers must ensure exporters include IEC, GSTIN and an official importer email in bills of lading. Shipping lines discharging at Nhava Sheva terminals must obtain these details and indicate them in the IAL; shipping lines may use the details for container stacking codes. The measure aims to prevent unclaimed or hazardous consignments and to facilitate Direct Port Delivery. Importers, customs brokers and port staff are directed to comply, and contact points are provided for reporting difficulties.

Self-sealing registration for electronic container sealing requires EDI registration and submission of specified exporter documents.
Exporters holding Self Sealing Permission, Factory Stuffing Permission, or AEO status must register those permissions with JNCH EDI through the FSP Cell and follow the RFID electronic sealing procedure; permissions issued by other ports/ICDs require submission of self-attested copies for EDI registration.

Restriction on places of import: insecticides permitted only through designated ports, ICD and specified international airports.
Rule 45 of the Insecticides (Fourth Amendment) Rules, 2017 confines imports of insecticides listed in the Schedule to specified places of entry: a designated Inland Container Depot and specific seaports for sea imports, and specified international airports for air imports; Cochin is no longer a notified port for such imports, and stakeholders must comply with these designated entry points when importing scheduled insecticides.

Invoice mis match in export filings impedes IGST refund processing; officer interface permits verification and correction before sanctioning refunds.
Refund delays arise mainly from exporters filing inconsistent invoice data between GST returns and Customs shipping bills-mismatched invoice numbers, taxable values and IGST amounts-and from incomplete or incorrect GSTR 1/Table 6A or GSTR 3B entries; exporters are directed to amend via GSTR 1 Table 9, monitor ICEGATE error reports, and ensure invoice compliance so records pass GSTN validation and are forwarded to Customs for automated refund processing.

Customs Compliance Verification enables post registration automated clearance upon duty payment, subject to risk and interdiction checks.
Turant Customs enables importers to self register imported goods on the ICEGATE portal after arrival and initiates a Customs Compliance Verification during which the proper officer conducts statutory checks. If satisfied that clearance is appropriate but for duty payment, the officer logs CCV completion so that the system will electronically clear the Bill of Entry upon payment, subject to existing risk management interdictions, agency alerts and local contingencies; ICES 1.5 provides an automated clearance queue for officers.

Late filing waiver for Bills of Entry where an unrecorded holiday caused delayed filing, removing late fees for affected entries.
Administrative waiver of late filing charges where the Import General Manifest was filed on the day goods landed but the Bill of Entry was filed on the next business day because a public holiday (Holi Festival) was not recorded in the customs system; no late-presentation fee will be levied for those consignments, and trade associations and brokers are asked to publicize the notice and report any difficulties to the Commissioner.

Application of Section 48 to SEZ units requires customs procedures for clearance of unclaimed and abandoned goods.
The Department directs that Section 48 of the Customs Act, together with the Customs Manual, shall be applied to units in SEZs for clearance of unclaimed and abandoned goods held in FTWZs and SEZs, requiring Development Commissioners to implement these statutory and procedural provisions for such cargo clearance.

Industrial subsidy adjustment requires jurisdictional verification, confirmation of tax dues, and recording of discrepancies before reporting.
Industrial subsidy adjustment against tax dues requires the concerned Joint Commissioner to verify industry-wise taxpayer jurisdiction and tax dues under each head. Registration identifiers were incorporated into industry data through matching with the tax database. Verified tax-liability figures must be confirmed in the specified data columns, while discrepancies or deviations must be recorded in the remarks. The completed verification report must be furnished through the prescribed email process within the stipulated timeframe.

Simplification of customs procedures permits officer-on-board certification, centralized sailing-report entry, and limits forwarding of manifests.
Officer on Board shall verify original ship documents and provide a certification to steamer agents for submission to the Import & Bond Section, removing duplicate physical verification at the Custom House. The CEPC officer will enter sailing reports in ICES for vessels at ICTT. Physical shipping bills from ICDs need not include vessel name after filing of supplementary EGM online. Customs will not entertain requests to forward filed Import General Manifests by email.

Coastal cargo procedures clarified: no superintendent out of charge required for exclusive coastal vessels; manifests remain mandatory.
No superintendent "out of charge" or clearance order under Section 94 is required for vessels exclusively carrying coastal cargo; the simplified regime applies only to vessels plying as coastal vessels. Coastal Arrival and Coastal Departure Manifests must still be submitted to the Import & Bond Section as per the amended circular, while vessels carrying both coastal and non-coastal consignments must follow the existing mixed cargo procedure.

Refund of IGST on export: officer interface allows rectification of invoice mismatches to process refunds electronically.
An alternative Customs EDI officer interface is provided for SB005 invoice mis match cases to permit manual verification and sanction of IGST export refunds. Exporters must submit a concordance table mapping GST invoices to shipping bill invoices; the officer will verify the concordance, IGST taxable value and IGST amounts, may amend IGST details for short shipment or calculation errors, and then enter the approved refund amount into the system. Validated refunds are disbursed electronically via PFMS and invoices for which refunds are sanctioned will be disabled to prevent duplicates.

Division of Taxpayer Base: orders assigning taxpayers to Centre or State uploaded online; officers and assessees must be notified.
Division of taxpayer base under GST for Tamil Nadu and Puducherry has been carried out by State Level Committees in accordance with GST Council Secretariat guidelines; orders assigning taxpayers to Centre or State/UT have been uploaded on the respective State/UT portals and the office website. Commissioners are directed to inform officers and assessees in their jurisdictions, and Trade and Industry Associations are requested to notify their members of the published assignments.

Export obligation period imposed for maize imports requiring a three-month pre-import compliance from customs clearance.
Appendix 4J of the Hand Book of Procedures is amended to insert Maize as a listed input, imposing an export obligation period of three months as a pre-import condition measured from the date of customs clearance of each import consignment.

Taxability of joint venture cash calls depends on whether contributions are capital or constitute payment for services, affecting GST liability.
Confirms that GST treatment of supplies between an unincorporated joint venture and its members follows prior Service Tax principles: whether cash calls are taxable hinges on the JV agreement and the nature of the payment. Cash calls used as capital contributions to acquire JV assets are transactions in money and not treated as consideration for services; payments that reimburse an operating member for use of its machinery or performance of activities constitute consideration and amount to a taxable supply of services. Each JV agreement must be examined factually to determine GST liability.

Joint venture cash calls are taxable only when they represent consideration for identifiable services supplied between members or the venture.
GST treatment of transactions involving an unincorporated joint venture depends on whether members' contributions are merely transactions in money or constitute consideration for a supply. Cash calls pooled solely to acquire machinery for joint-venture use are capital contributions and not taxable where no activity is performed for another for consideration. Where an operating member uses its own machinery to undertake activities for the joint venture and recovers costs from other members, the arrangement constitutes a taxable supply of service. Taxability depends on the facts and joint-venture contractual terms.

e-SANCHIT extension: voluntary rollout across EDI locations, users must adopt electronic document submission or face ICEGATE access restrictions.
Extends e-SANCHIT to all EDI locations on a voluntary basis and requires Customs brokers and self-filers to develop capability to use the system per Circular No. 40/2017. Procedural guidance and FAQs for uploading digitally signed supporting documents are available on ICEGATE. Those who do not file even a single bill of entry via e-SANCHIT will be barred from filing documents on ICEGATE after the transitional period.

IGST refund officer-interface allows rectification of invoice mismatches through officer verification and electronic sanction for eligible export claims.
An alternative officer interface permits Customs officers to verify GSTN and Customs EDI invoice data and sanction IGST refunds in cases of invoice mis match where exporters submit a certified concordance table mapping GST invoices to shipping bill invoices. The officer may accept, amend or reject IGST entries, adjust for short shipment, and approve electronic refund through PFMS; invoices sanctioned for refund are disabled to prevent duplicate claims. The procedure applies to shipping bills filed up to 31 December 2017.