One time condonation of LLP filing delays enables regularisation with capped late fees and immunity from prosecution.
The Central Government's LLP Settlement Scheme, 2020 permits defaulting LLPs to regularise overdue filings due up to 31 October 2019 by paying a nominal additional fee (subject to a cap) alongside the standard filing fee for specified forms (Form 3, Form 4, Form 8, and Form 11), and grants immunity from prosecution by the Registrar for defaults regularised under the scheme; LLPs that have applied for striking off are excluded and Registrars will proceed with enforcement against non participating defaulters after the scheme ends.

One-time condonation of LLP filing delays allows belated submission of specified forms and immunity from prosecution upon compliance.
One-time condonation scheme permits defaulting LLPs to file specified belated documents (Forms 3, 4, 8 and 11) and, subject to payment requirements under the scheme, obtain immunity from prosecution for those defaults; the scheme excludes LLPs that have applied for striking off and directs Registrars to initiate action against LLPs that remain in default after the scheme period.

Extension of import deadline for Urad requires licensed importers to ensure consignments arrive by the revised final date.
The notice extends the import deadline for the additional Urad quota, requiring consignments to arrive at Indian ports on or before the revised final date; licensed importers must complete shipments within this timeframe and no further extensions will be allowed, with compliance to existing licensing modalities and notification to relevant trade and customs authorities.

Pre-payment Customs Compliance Verification allows CCV before duty payment, moving entries to a CCV queue pending payment for faster clearance.
Pre-payment Customs Compliance Verification permits the designated officer to complete CCV and record OOC in the system even if duty payment is pending. After goods registration the BE moves to a CCV queue rather than GAT; upon integration of duty payment or in the case of deferred duties, the BE automatically moves to the GAT queue and OOC print becomes available. A report will list BEs pending in the PCV/CCV queue for duty realisation.

Customs Compliance Verification precedes duty payment, enabling parallel clearance processes and queueing for release upon payment.
A pre-payment Customs Compliance Verification (CCV) permits a designated customs officer to perform statutory verifications and record Out of Charge (OOC) for a Bill of Entry even if duty payment is pending; the BE moves to a CCV queue after OOC and will transfer to the GAT queue immediately upon integration of duty payment, enabling parallel processing of goods registration and examination while payment is completed.

Regaining matched book norms updated: revised tear-up compensation and penalty and mandatory automated implementation deadline.
Review updates norms for regaining matched book by revising compensation and penalty for tear-up under Alternatives 3 and 4: voluntary tear-up at last mark-to-market price with prescribed compensation and penalty credited to the settlement guarantee fund, and partial pro-rata tear-up at last mark-to-market price with prescribed compensation and penalty credited to the settlement guarantee fund. Other provisions continue to apply.

Automated customs clearance expanded nationwide; electronic clearance follows CCV completion and duty payment confirmation under ICES RMS requirement.
Automated clearance of Bills of Entry is extended to all Customs EDI locations from 05.03.2020, limited to ICES sites with functional RMS. Designated proper officers will perform Customs Compliance Verification (CCV), which may occur while duty is unpaid or payment is pending; after officer confirmation of CCV completion and electronic confirmation of duty payment, the Customs System will electronically clear the Bill of Entry. Field formations must follow the DG Systems advisory for ICES changes.

Automated clearance of import Bills of Entry enables electronic clearance after CCV and confirmation of duty payment.
Automated clearance is extended to all customs formations using the Customs EDI system where ICES locations have RMS enabled; designated proper officers will perform Customs Compliance Verification (CCV) within the system even if duty payment is pending, and upon completion of CCV and confirmation of duty payment the system will electronically clear the Bill of Entry. DG Systems will implement ICES changes and local EDI officers will handle reported issues.

Customs Compliance Verification enables pre-payment OOC processing so release steps run in parallel pending duty payment.
Implementation of Customs Compliance Verification (CCV) permits designated officers to perform statutory compliance checks and grant system Out Of Charge (OOC) after goods registration even if duty payment is pending; such BEs move to a CCV queue and will transit to the GAT queue and enable OOC printing once payment is integrated or immediately if duties are already paid, with deferred duty BEs also moving to GAT without awaiting payment.

Predominant business sector data in GSTN BOWEB must be updated to support accurate tax analysis and compliance records.
Predominant Business Sector and Predominant Nature of Business details in the GSTN BOWEB module were required to be updated for registered taxpayers in Uttar Pradesh through the assessing officers' login facility. The circular explains that, because registration data captures only limited goods and services details, it is necessary to record the principal business sector and principal nature of business separately to enable accurate identification of the main business carried on by each firm and to support item-wise and sector-wise tax analysis.

Preferential Certificate of Origin portal mandated for IKCEPA exports; applications and issuance must be made through the online platform.
Preferential Certificate of Origin applications and issuance for IKCEPA exports must be made exclusively through the DGFT online CoO platform; exporters and designated agencies must register, use a Class II or Class III digital signature embedding the IEC number, and ensure IEC data is up to date as director/partner/branch details will be auto-populated from the DGFT-IEC database.

24x7 customs clearance mandated to address coronavirus related trade disruptions, with recordkeeping and late fee waivers for China delays.
24x7 Customs clearance is directed at all Customs formations, with Chief Commissioners to deploy sufficient officers and maintain station wise records of Bills of Entry/SBs filed beyond normal hours and report daily. CRCL laboratories will operate 24x7. Bills of Entry filed late for import consignments from China will not attract late fee charges where a letter from the importer or customs broker states the delay was due to non receipt of documents from China. The Public Notice is to be treated as a standing order and circulated to exporters/importers.

Automated clearance: system-driven CCV and OOC sequencing changes clearance flow to expedite BE movement upon payment integration.
Automated clearance of Bills of Entry applies at ICES locations with fully enabled RMS; designated Proper Officers perform Customs Compliance Verification (CCV) even if duty payment is pending. After goods registration and system checks, the officer completes CCV and records Out of Charge (OOC) in the system. BEs move to the CCV queue after OOC and will automatically proceed to the GAT queue once duty payment is integrated; BEs with duties already paid or deferred duty BEs proceed to GAT immediately upon OOC confirmation.

Automated clearance of bills of entry enables electronic release after compliance verification and duty payment.
Automated clearance in ICES will enable electronic release of Bills of Entry at RMS-enabled Customs EDI locations after designated proper officers complete Customs Compliance Verification (CCV) and the Customs System confirms payment of applicable duty. CCV is to be performed under the Customs Act, rules and instructions and may operate while payment is pending; clearance is effected electronically by the system following confirmation of CCV and duty payment.

Automated clearance: electronic release of bills of entry after CCV confirmation and duty payment nationwide.
Automated clearance of Bills of Entry is extended to all customs formations with an operational Customs EDI system where RMS is enabled. Designated proper officers will perform Customs Compliance Verification (CCV) and record CCV completion in the Customs System; CCV may occur while duty payment is pending. Once CCV is confirmed and applicable duty payment is confirmed, the Customs System will electronically grant clearance for the Bill of Entry. The facility is confined to ICES locations with fully functional RMS and implementation issues should be reported to Appraising Main officials.

Automated customs clearance: nationwide roll-out enables electronic clearance upon CCV confirmation and payment at EDI RMS locations
Nationwide automated clearance of Bills of Entry will apply at Customs EDI locations with operational RMS from 05.03.2020. Designated proper officers will perform Customs Compliance Verification (CCV) under existing law; CCV may proceed while duty payment is pending. Upon the officer's confirmation of CCV in the Customs System and recording of applicable duty payment, the system will electronically grant clearance. The Public Notice actions are to be treated as a Standing Order for customs officers and staff.

Automated clearance of Bills of Entry now enables CCV by customs officers and electronic release upon duty confirmation.
Automated clearance of Bills of Entry at Air Cargo Complex (Import) Commissionerate is implemented where the Customs EDI System is operational. Designated proper officers will perform all Customs Compliance Verification (CCV) requirements; CCV may occur while duty payment is pending. Once the proper officer confirms CCV completion in the Customs System and payment of applicable duty is confirmed, the System will electronically grant clearance to the Bill of Entry.

Valuation of second hand machinery: use transaction value if valid, otherwise apply residual methods and engineer appraisals.
Valuation of imported used capital goods relies on the transaction value where sale conditions are met; when pre import alterations or buyer incurred costs exist, those elements must be quantified. If transaction value conditions fail and comparable sales or computed cost data are unavailable for used machinery, the officer should apply alternative valuation methods sequentially and may use the residual method to account for condition, depreciation, refurbishment and related charges. Neutral inspection/appraisement reports in prescribed formats from overseas Chartered Engineers or locally empanelled engineers shall be used to ensure uniform, commercially realistic valuation.

Automated customs clearance enabled nationwide where EDI and RMS operate, with electronic clearance after officer CCV and duty payment.
All-India automated clearance for import Bills of Entry will operate at ICES locations with enabled RMS; designated proper officers perform Customs Compliance Verification irrespective of pending duty payment, record CCV completion in the Customs system, and the system issues electronic clearance upon confirmation of duty payment.

Automated customs clearance: electronic clearance of bills of entry on CCV completion and duty payment implemented nationwide.
Automated clearance under the 1st proviso to Section 47(1) enables the customs automated system to electronically clear Bills of Entry after designated proper officers complete Customs Compliance Verification and the system confirms duty payment; RMS-enabled ICES locations only, with DG Systems to implement necessary ICES changes and the facility effective from 05.03.2020.