Labeling compliance: prevent import of Cassia or Split Cassia labeled as Cinnamon, customs to sensitize officers and refer consignments.
Instruction requires customs to ensure labeling compliance by preventing import of Cassia or Split Cassia labelled as Cinnamon; FSSAI has reported cases from Vietnam and has acted on referred consignments. Customs officers handling facilitated consignments and those at non-FSSAI ports must be sensitized to detect such mislabelling, and any implementation difficulties should be reported to the Board.

GST exemption for government loan guarantees confirms state and central guarantees to public sector undertakings are not taxable.
Services supplied by Central or State Governments to their undertakings or Public Sector Undertakings by way of guaranteeing loans from banking companies and financial institutions are exempt from GST under the relevant exemption entry; the GST Council reaffirmed that government guarantees of loans to their undertakings or PSUs fall within that exemption, and implementation difficulties may be brought to the Commissioner of State Tax.

GST rate on construction services: ropeway projects supplied to government entities attract standard higher tax rather than concessional rate.
Construction of a ropeway supplied to a Government Entity does not qualify for the concessional GST rate for works contracts meant predominantly for non-commercial use; because ropeway projects serve commercial or tourism purposes and are not covered by entries for roads, bridges, terminals, or railways, they fall under the general works contract classification and attract the standard higher GST rate.

Extension of precious metal compliance deadlines: six-month one-time relief with repatriation limits tied to RBI guidelines.
Where the last date for exports, replenishment, imports or drawal of precious metal as computed under Paras 4.82-4.84 fell between 01.02.2021 and 30.06.2021, that last date is extended by six months; relaxation for repatriation/forex realisation equals the originally allowed period plus six months or as per RBI guidelines, whichever is less.

Extension of limitation periods applies to GST appeals and revisions but not to routine statutory compliance actions.
The circular clarifies that the April 27, 2021 Supreme Court order extending periods of limitation applies to judicial and quasi judicial lis-like matters (appeals, reviews, revisions and similar filings) under GST, but does not automatically extend statutory timelines for taxpayer-initiated compliances; tax authorities may continue quasi judicial disposal of matters, while investigative, enforcement actions and many show-cause/ original adjudication steps are not covered by that extension.

Container Freight Station operations extended with bond, insurance and indemnity obligations pending compliance review.
Custodianship of M/s. LCL Logistix (India) Private Limited CFS at Dighaspur, Haldia is extended for two months with retention as Customs Cargo Service Provider, subject to suspension or revocation for non compliance with the Customs Act and HCCAR. The operator must execute an Rs. 8,64,00,000 bond and maintain Rs. 30 Crore insurance, both subject to periodic review, and must indemnify the Principal Commissioner against liabilities for loss or damage to goods arising during handling.

Line of Credit for infrastructure export financing permits Indian-sourced content requirement and Export Declaration compliance.
Government-supported Line of Credit authorizes Exim Bank to finance exports of eligible goods and services for land and infrastructure development subject to Foreign Trade Policy eligibility; at least 75 percent of contract value must be supplied from India, shipments must be declared in the Export Declaration Form, and a defined terminal utilization period applies after project completion. AD Category I banks may allow commission remittances only from exporter resources or EEFC balances after realisation and must notify exporters and refer them to Exim Bank for details. Directions are issued under FEMA.

Transfer of export authorisations: online amendment process enables transfer on merger, CA certificate requirement and customs update.
Where an entity undergoes amalgamation, de merger, acquisition or insolvency, export obligations and contingent liabilities attached to Advance Authorisation/EPCG Authorisation must be transferred to the new entity. Applicants must request IEC merger/de merger on the DGFT portal and then apply for amendment/transfer of each authorisation; requests auto submit to the jurisdictional Regional Authority, and on approval the authorisations are amended and details transmitted electronically to Customs. For EPCG, the surviving entity's AEO equals the aggregate AEOs of the merging entities and a Chartered Accountant certificate is required as part of the online amendment.

Export proceeds realization requirement: e-BRCs must be uploaded or RoSCTL scrips may be subject to recovery.
Rebate under RoSCTL is conditional on timely realization of export sale proceeds; many shipping bills with LEO up to 31.03.2020 lack uploaded e-BRCs as proof. Exporters with RoSCTL scrips must have their AD banks upload the related e-BRCs to the DGFT portal by 15.09.2021, failing which regional authorities will initiate recovery or other actions under the handbook provisions.

Maintenance of multiple bank accounts for mutual funds enables investor convenience and financial inclusion under regulatory guidance.
Mutual funds are directed to maintain current accounts with an appropriate number of banks, including those outside major cities, for receiving subscription amounts and for payment of redemptions, dividends, brokerage, commission and related disbursements, to promote financial inclusion and investor convenience, recognising exceptions to general banking restrictions and the industry's analogy between continuous subscriptions/redemptions and offerings/buybacks.

Minimum unit holder requirements for unlisted InvITs impose compliance obligations on existing registered unlisted InvITs.
Amendment to the InvIT Regulations mandates a minimum number and holding of unit holders for unlisted InvITs. Registered unlisted InvITs which have already issued units must comply with sub regulation (3) of Regulation 26B within the compliance period specified in the circular. The circular, issued under the regulator's statutory powers, applies to all InvITs and parties to InvITs and is published on the regulator's website.

Resident Indian contribution rule: LRS funding allowed into global funds with limited Indian exposure under amended FPI guidelines.
The circular updates SEBI's Operational Guidelines to allow resident Indian individual contributions to be made through the Liberalised Remittance Scheme and invested only in global funds whose Indian exposure is less than 50%, aligning SEBI regulations with tax-related provisions enabling resident Indian fund managers to operate for offshore funds; DDPs and custodians must inform clients of the change.

Restriction on opening current accounts: banks must follow exposure-based rules and implement changes non disruptively with oversight.
The circular reiterates a restriction on opening current accounts for borrowers with CC/OD facilities and prescribes a graded approach based on banking-system exposure; non-lending banks may open accounts for collection in specified circumstances. Banks are allowed extra time to engage borrowers and resolve operational issues, escalate unresolved matters to the industry association and regulator, extend exemptions for white label ATM operators to Cash-in-Transit and cash replenishment agencies, and implement head office and regional monitoring mechanisms to ensure non-disruptive implementation while maintaining ineligibility for current accounts where borrowers have agricultural/personal ODs or ODs against deposits.

Continuous AEO-T1 certification replaces periodic renewal, subject to annual self-declarations, compliance review, and revocation for adverse findings.
Continuous AEO-T1 certification replaces periodic renewal applications, subject to annual self-declarations, compliance monitoring and comprehensive compliance review. Annual declarations are filed through the AEO online portal between 1 October and 31 December, with entities certified during a calendar year exempt for that year. Review follows at least two annual declarations and must be completed before the third declaration becomes due. Changes in compliance or adverse inputs may prompt action. Following review, continuous certification may be approved or revoked; revoked entities must submit a fresh certification application.

Extension of limitation applies to GST appeals and revisions, not to original adjudication or routine taxpayer compliances.
The Supreme Court order of 27.04.2021 extends limitation periods only for judicial and quasi judicial proceedings-appeals, reviews, revisions and similar lis-and therefore filing periods for appeals before appellate authorities, tribunals and courts under GST are extended until further orders. Statutory compliances, original adjudication, investigations, searches, summons, arrests and routine taxpayer actions remain governed by the CGST Act, Section 168A notifications and departmental timelines and are not covered by the Supreme Court extension.

Bankers to an Issue registration for payments banks allowed, subject to RBI approval and BTI regulatory conditions.
Non scheduled Payments Banks with prior RBI approval may register as Bankers to an Issue subject to the SEBI (Bankers to an Issue) Regulations, 1994; they may also act as Self Certified Syndicate Banks if they satisfy Board criteria, and all blocking/movement of investor subscription funds must be through the investor's savings account with the payments bank.

Extension of limitation under GST law applies to judicial and quasi-judicial appeals, not to original adjudication or routine compliances.
Extension of limitation granted by the apex court is confined to proceedings of a judicial or quasi-judicial character and, as applied under Section 168A of the HGST Act, extends time limits for filing and pursuing appeals, reviews, revisions and similar appellate proceedings under the GST regime; it does not broaden statutory timelines for original adjudication, routine taxpayer compliances, or executive investigative actions which continue to be governed by statutory time limits.

Extension of filing deadlines for specified income-tax e-forms provides additional time for electronic submission and regularisation.
CBDT extends electronic filing due dates for specified Income-tax Forms: Quarterly Form 15CC and Equalization Levy Statement (Form 1) are granted additional time; investment fund statements (Forms 64D and 64C) receive further extensions; and, where the e filing utility was unavailable, Pension Fund intimations (Form 10BBB) and Sovereign Wealth Fund intimations (Form II SWF) are likewise extended. The circular clarifies that forms e filed after prior extended deadlines or statutory time limits up to the date of this circular will be regularised accordingly.

Extension of limitation periods directs authorities to apply the nationwide limitation suspension to review and objection proceedings.
Extension of limitation periods for judicial and quasi judicial proceedings applies irrespective of condonability and must be followed by assessing and objection hearing authorities under the DVAT framework for suo motu review, review, rectification, applications and objection petitions; pending appeals may nevertheless continue to be heard and disposed of under existing DVAT Act procedures.

Extension of limitation periods applies to judicial and quasi judicial appeals under GST, not to original adjudication or routine compliances.
The Supreme Court's extension of limitation dated 27.04.2021 applies to judicial and quasi judicial proceedings in the nature of petitions, suits, appeals, reviews and revisions, and therefore extends limitation for filing appeals and similar remedies against quasi judicial orders; ordinary statutory compliances and taxpayer actions remain governed by statutory timelines and notifications and are not covered by that order.