Automated GST return defaulter monitoring on BOWEB Portal replaces earlier notice issuance under the Dealer Monitoring System.
GSTN functionality on the BOWEB Portal provides an automated mechanism for monitoring return defaulters and initiating notice-based follow-up under Section 46. The system sends a Notice to Return Defaulter (GSTR-3A) automatically after six days from the due date for filing GSTR-3B, and tax officials can view the list of taxpayers to whom such notices have already been sent through the statutory functions and quick links available on the portal. The portal also enables identification of non-filers after notice and initiation of assessment of non-filers through the BOWEB interface.

Revisional Authority appointments under WBGST Act authorize specified officers to hear and revise subordinate and external tax authority orders.
Authorizes named officers as Revisional Authority under section 108 of the West Bengal GST Act to revise orders of subordinate officers within specified territorial circles and to revise orders of other tax authorities insofar as they concern persons or registered taxable persons within those jurisdictions; the order supersedes prior authorizations for the same officers/jurisdictions and takes immediate effect, while matters already finally heard by a prior revisional authority remain with that authority.

Appellate Authority appointments for GST enable specified officers to hear tax appeals with jurisdictional and procedural exceptions.
Authorises named tax officers to act as Appellate Authority under the goods and services tax appellate framework, assigning each officer a specified jurisdiction to hear appeals against orders by adjudicating authorities and other State tax authorities in respect of persons or registered taxpayers within those jurisdictions; designates two officers to hear appeals where temporary IDs were created in the State for actions against non-registered persons with demands generated by Bureau of Investigation Enforcement Officers; modifies prior authorisations and takes immediate effect subject to prescribed rules and limited exceptions for matters with three adjournments or already finally heard.

Information sharing protocol requires timely, complete reporting to CEIB across investigation stages and economic offence cases.
Timely and complete sharing of information with the Central Economic Intelligence Bureau is required under the Information Sharing Protocol, with stage-wise timelines for transmission of case data. All formations are to designate a nodal officer and share specified offence details, including identity particulars, relevant statute, date of action, seizure details and modus operandi. Information is to be shared even where an order is public, and inter-agency ramifications must also be communicated. The annexed schedule covers reporting at stages such as seizure, show cause notice, order-in-original, prosecution, adjudication and related enforcement action.

De-notification procedure for customs facilities clarified: disposal, dues clearance and nodal coordination required before revocation.
De-notification of ICDs, CFSs and AFSs requires a prescribed application, confirmation of up-to-date payment of Cost Recovery Charges (unless exempt), and submission of three lists identifying uncleared, auction-pending and detained/seized/confiscated goods. A nominated nodal officer will reconcile records, coordinate disposal or lawful transfer of goods, and seek disposal within four months; where disposal is delayed beyond three months, exceptional shifting to another facility within the same jurisdiction may be permitted under strict conditions. The jurisdictional Principal Commissioner/Commissioner of Customs will revoke statutory approvals, ensure recovery of dues and retention of bonds and securities until liabilities are resolved before forwarding de-notification proposals as required.

Provisional assessment security: discretion to reduce or waive required security where original Certificate of Origin is not submitted.
Amendment creates entry 5(d) in Circular No. 38/2016 Customs for consignments lacking original Certificate of Origin, allowing Principal Commissioner/Commissioner to reduce or waive security for provisional assessments after recording reasons in writing, while entry 5(c) remains for genuineness doubts tied to CAROTAR Rule 6(1)(a) with full security; amendment applies to fresh and pending consignments and rescinds Instruction No. 04/2020 Customs.

Security and covenant monitoring using distributed ledger technology to record and validate security creation, covenants and credit ratings.
SEBI requires depositories to develop and host a distributed ledger-based Security and Covenant Monitoring system to record and monitor security creation, asset cover, covenants, charge registration, interest and redemption payments, and credit rating information for non-convertible securities; issuers must upload asset, charge and covenant details at ISIN creation, DTs must validate and upload due diligence and valuation reports, CRAs validate rating information, and the platform must provide secure access, document upload, audit trails, verification workflows, alerts and interoperability, with testing and phased implementation as directed by SEBI.

Automation of continual disclosures shifts reporting to system-driven filings, removing manual disclosure obligation for compliant issuers.
Automation under Regulation 7(2) establishes system-driven disclosures as the mechanism for insiders' continual reporting; listed companies that have implemented the prior circular's requirements need not manually file disclosures under Regulation 7(2)(a) and (b). Stock exchanges and depositories implemented SDD and exchanges are directed to notify listed companies and publish the change.

EBP platform requirement for NCDs portion ensures transparent price discovery for NCDs with Warrants under QIP
Mandatory EBP platform use is required for the NCDs portion of combined offerings of NCDs with Warrants issued under Qualified Institutions Placement when the NCDs portion exceeds the applicable threshold; the warrants portion continues to fall under the Qualified Institutions Placement rules, a minimum share of the total issue must be allocated to warrants (including aggregate conversion price), and both stapled and segregated offers receive specified exemptions from certain ICDR provisions.

Marking lien in demat accounts for tender offers to enable blocking, settlement of accepted shares and release of unaccepted holdings.
Marking a lien in shareholders' demat accounts is mandated for tendering shares in open offers, buybacks and delisting offers; Depositories will block shares and provide blocked-quantity details to Clearing Corporations, issuers or Registrars will supply entitlement and accepted-quantity data, only accepted quantities will be debited on settlement, and liens on unaccepted shares will be released, with detailed intra- and inter-depository procedures governing blocking, IDT messaging, cancellation of excess blocked securities and transfer of accepted shares to Clearing Corporations.

Disclosure of shareholding pattern now requires segregation of promoter and promoter group holdings in exchange filings.
Listed entities must disclose shareholdings by separately identifying promoter(s) and promoter group entities using the revised Table II format placed at Annexure A; the revision modifies the earlier format and Stock Exchanges must notify and disseminate the change.

Mobile squad vehicle inspection under GST tightened through intelligence-driven checks and mandatory verification controls.
Inspection of vehicles transporting goods by mobile squad units is reaffirmed under section 68 of the Uttar Pradesh Goods and Services Tax Act, 2017 and rule 138B of the Uttar Pradesh Goods and Services Tax Rules, 2017. Mobile squad units are directed to conduct inspections at full capacity within the zone, with quality-based, intelligence-driven checking of sensitive commodities and transporters using MIS from the e-way bill and departmental portals. The instructions also require monitoring of rail-borne goods, action on abnormal e-way bill generation, verification through the mobile application, functional Vehicle Tracking System use, and body-worn camera deployment.

Line of Credit for defence procurement enables exports from India with minimum domestic sourcing and EDF declaration requirements.
Government-supported Line of Credit by Exim Bank to Mauritius finances procurement of defence items from India subject to the Foreign Trade Policy; at least 75 per cent of contract value must be supplied from India with up to 25 per cent procured abroad. The Agreement is effective from July 22, 2021, 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 use own resources or EEFC balances for commission subject to AD bank compliance.

Import control on transmission apparatus: customs must block devices without required WPC licence to prevent network interference.
Customs are instructed to enforce that transmission apparatus with reception (ITC HS Code 8525 60 00), including mobile signal repeaters/boosters and certain walkie talkies, are not permitted for import except against a license issued by the WPC wing; this action targets unauthorized devices sold in grey markets and on e commerce platforms that interfere with licensed cellular service quality, and Customs must report any implementation difficulties to the Board.

Master Circular standardizes issuance, listing and post issuance rules for corporate debt, including ASBA/UPI, EBP, ISIN limits, and green bond disclosures.
Master Circular consolidates and supersedes prior SEBI operational circulars and prescribes comprehensive procedural and disclosure regimes for issuance, allotment, listing and post issuance operations of non convertible securities, securitised debt instruments, security receipts, municipal debt securities and commercial paper, including ASBA/UPI application mechanics, EBP and RFQ platform rules, ISIN limits, green and transition bond requirements, roles of intermediaries, timelines for listing and reporting obligations.

Issuance and listing of non-convertible securities consolidated-ASBA/UPI, EBP, ISIN limits and investor protections rules and timelines.
SEBI consolidates prior operational circulars into a chapter wise framework under the SEBI NCS Regulations, 2021, prescribing procedures and obligations for issuance, listing and trading of non-convertible securities and related instruments, standardising the ASBA/UPI application process, EBP platform rules, ISIN allocation limits, centralized bond database reporting, defaulted debt transaction protocols, green debt disclosures, investor charter requirements, and a 25% incremental debt raising mandate for qualifying large corporates.

Dynamic QR Code requirement clarifies permissible UPI identifiers, authorized collectors, order ID use, and foreign recipient exemption.
An invoice issued to a person with a UIN is treated as a B2C supply and must include the Dynamic QR Code. UPI identifiers suffice without separate bank/IFSC details; an authorized collector's UPI ID may be used. Invoices to recipients outside India for services with place of supply in India paid in foreign currency need not carry a Dynamic QR Code. Where invoice numbers are unavailable at payment time, a unique order ID linked to the invoice may be encoded. The QR should reflect only the remaining payable amount when part payment exists, and the invoice must record total value and adjustments.

GST treatment for irrigation system parts clarified: components solely for sprinklers/drip systems taxed under sprinkler/drip tariff, general parts taxed otherwise.
Components made solely or principally for use with sprinklers or drip irrigation systems are classifiable under the sprinkler/drip irrigation tariff heading and attract the corresponding GST even if supplied separately; parts of general use that classify outside that tariff heading shall attract GST applicable to their own classification.

Export quota restrictions on diagnostic kits permit licensed exports subject to eligibility, documentation, online application and time limited validity.
Applications for export of specified diagnostic kits and reagents must be filed online within the prescribed window, be examined under the Handbook of Procedures, and include documentary proof of manufacture, commercial documents, IEC, and a manufacturer's undertaking confirming domestic commitments have been met; all documents must be self attested and incomplete or late applications will not be considered.

Calendar spread margin benefit extended to additional expiries, enhancing far month liquidity and hedging flexibility in commodity futures.
SEBI circular SEBI/HO/CDMRD/CDMRD_DRM/P/CIR/2021/612 modifies prior guidance to permit the existing 75% benefit in initial margin for calendar spreads or spreads of two contract variants on the same underlying commodity when each individual contract in the spread is among the first six expiring contracts rather than limited to the first three expiries; the amendment is effective within one month of issuance.