Common Equilibrium Price adoption ensures uniform first-day trading price bands across exchanges after differing call auction outcomes.
Where separately conducted Call Auction sessions on multiple exchanges produce equilibrium prices whose percentage difference exceeds the applicable price band, exchanges shall compute a Common Equilibrium Price as the volume weighted average of those equilibrium prices, set that CEP in their trading systems, apply uniform first day price bands around the CEP, and carry forward only unexecuted pending Call Auction orders that lie within that band to the normal trading session.

Transmission of Shipping Bills to DGFT for MEIS benefits: post EGM amendments to be routed via Drawback Division and transmitted unchanged.
Post EGM amendments to shipping bills for MEIS cases allowed under Section 149 must be routed through the Drawback Division and copied to the Directorate of Systems for backend transmission to DGFT without changing the exporter's original reward flag; ICEGATE will transmit records under the normal data exchange protocol and DGFT will accept records even if the reward flag remains 'N', with an email to DGFT's technical nodal officer for coordination.

Mandatory portal registration for AEO-LO applications, enabling online filing and real-time monitoring with a transitional physical filing allowance.
The updated AEO LO web application requires applicants who have filed physical documents at the jurisdictional AEO cell to register on the portal, upload relevant annexures, monitor processing in real time, and respond electronically to deficiencies; a short transitional period allows continued physical filing without registration, after which portal registration is mandatory for certification, with existing manual applications remaining eligible for continued manual processing unless migration to the portal is requested.

Extension of validity of ANFs and Appendices allows continued use pending notification of replacements under the new policy.
Extension of validity is granted for ANFs and Appendices issued under the Foreign Trade Policy (2015-20), permitting their continued use until replaced by forms notified under the Foreign Trade Policy 2023. The extension applies only where such older ANFs and Appendices are not inconsistent with FTP 2023 and HBP 2023, creating a temporary transitional regime for existing trade documentation.

Registration Certificate requirement for IPA imports imposes country-wise quantitative restrictions and quarterly allocation controls.
The Public Notice imposes country-wise quantitative restrictions on Isopropyl Alcohol imports for 2023-24 and prescribes online application procedures for Registration Certificates (RCs) valid to year-end, with a filing deadline of 20 April 2023 and disclosure of past imports. RC utilization is subject to quarterly review and adjustment: quarterly imports cannot exceed that quarter plus the next; over-utilisation is deducted from the following quarter while unutilised QR rolls forward; exhausted country-specific QR may be met from residual allocations of other countries. The Directorate may cap any single RC and modify allocation modalities.

Direct plan option for AIFs and trail-only distribution commissions increase fee transparency and investor choice.
SEBI requires AIF schemes to offer a Direct Plan without any distribution or placement fee and to onboard investors referred by registered intermediaries under the Direct Plan. AIFs must disclose any distribution/placement fee at onboarding. Category III AIFs may only remunerate distributors on an equal trail paid from the manager's management fee with no upfront payments, while Category I and II AIFs may pay up to one-third of distribution fees upfront and the remainder on equal trail over the fund's tenure.

Excusal or exclusion of investors: AIFs may bar participation when investor involvement breaches law or harms the fund.
An AIF may excuse an investor when legal advice indicates participation would violate law or where the investor's internal policy prohibits participation, with an obligation to report policy changes within fifteen days; partial excusal for fund investors is permitted proportional to underlying contributions. An AIF may exclude an investor if the manager concludes participation would render the scheme unlawful or materially adversely affect it, and the manager must record the rationale and supporting documents.

RFID seal procedure for selected containers tightens scanning, verification, and clearance workflow for transhipment and out of charge processing.
Modified procedure is prescribed for movement of DPD, ICD and Nepal-Bhutan bound containers selected for scanning from NSD to MXCS under RFID seal. Selected containers are to be identified on intimation from NCTC-Cargo, sealed by the Shipping Lines or concerned ICDs with RFID seals from authorised vendors, and presented for scanning with truck chit particulars serving as sufficient documentation. Preventive verification of seal integrity is required, with tampered or missing seals to be placed under Customs One-Time Lock and escort. Scanned Clean containers receive the relevant approval or out of charge, while Not Clean containers undergo 100 percent examination.

Manual Out of Charge allowed for specified urgent consignments on bank payment certificate, subject to verification and duty recovery.
Manual Out of Charge prior to full ECL ICES integration is allowed on production of a bank certificate evidencing payment and an importer undertaking to deposit duty and interest if the payment is not credited; this applies to defined urgent consignments and stakeholder classes. Jurisdictional Deputy/Assistant Commissioners must keep a daily register, verify payments with the bank, confirm ICES entry before regularising manual OOC, and recover any unpaid duty and interest. A nodal officer is designated for grievance redressal and the notice operates as a standing order; Annexure provides the bank certificate format.

EODC online issuance requires portal-based closure and RA updates; manual issuance prohibited, with automatic transmission to customs.
Issuance of EODC for AA and EPCG must be processed via the DGFT portal: AA closures may be submitted with validation (complete transactional documents) or without validation; EPCG closures may be submitted without validation. RAs may update licence status and generate EODC letters online, and holders may apply for EODC status updates on the portal. Online EODCs are transmitted to the Customs ICEGATE system in near real time. Manual issuance or issuance through legacy IT systems is prohibited; RAs must generate MIS reports from portal data.

Transparent Use of Brand Names: regulator requires displaying registered name, registration number, contact details and disclaimer on all communications.
Intermediaries using brand names or logos must prominently display the registered name, logo, registration number and full address with telephone numbers on portals, display materials, advertisements, publications, client forms and client agreements; client communications must also include those details plus the compliance officer's and grievance officer's contact information, a mandated disclaimer that registration or certifications do not guarantee performance or returns, and intermediaries are prohibited from using the regulator's logo.

Temporary clearance procedure allows Out Of Charge on proof of payment with undertaking to produce bank certificate later.
Where an importer cannot produce the bank certificate due to bank closures, the Additional/Joint Commissioner in-charge of the Docks or RMS FC may, on a case-by-case basis and upon proof of payment of duty, permit grant of Out Of Charge for the consignments, subject to the importer submitting an undertaking to provide the bank certificate by the prescribed deadline, and provided the officer is satisfied that duty appears to have been paid.

Manual Out of Charge allowed for specified importers when duty not reflected in ICES on bank certificate and undertaking.
Manual Out of Charge will be allowed where duty payments are not reflected in ICES, upon production of a Bank certificate in the prescribed format confirming payment and an importer undertaking to deposit the duty with applicable interest if the amount is not credited to the government account. This concession is confined to specified categories: perishable cargo, cold chain pharmaceuticals, liquid bulk, Authorized Economic Operator clients, Direct Port Delivery clients, manufacturers, government/PSUs, and status holders under the foreign trade policy.

Amnesty scheme for export obligation defaults permits settlement by payment of unpaid duties plus interest to obtain EODC.
An Amnesty scheme for one time settlement allows Advance Authorisation and EPCG holders to regularize EO defaults by registering on the DGFT portal, paying customs duties exempted in proportion to unfulfilled Export Obligation plus interest equal to 100% of the exempted duties (excluding Additional Customs Duty and Special Additional Customs Duty), submitting proof of payment to the Regional Authority, and obtaining an Export Obligation Discharge Certificate (EODC); exclusions include cases involving fraud, misdeclaration, unauthorised diversion, and already-paid full duty, and payments under the scheme are ineligible for CENVAT credit or refund.

Manual Out of Charge for perishable imports permitted upon bank certificate and undertaking while payment is verified subsequently.
Where Electronic Cash Ledger activation prevents ICES from reflecting duty payments, shed officers may grant a manual Out of Charge for perishable cargo, petroleum products and essential commodities upon production of a bank certificate of payment and an undertaking by the importer to deposit the duty with interest if not credited. The shed must record such clearances in a register and send daily reports to the DC (Appraising Main), who will verify payments with banks the next working day and regularize the entries in ICES once confirmed.

Job-work time-limit extensions may be granted by the designated officer within jurisdiction for inputs and capital goods.
Extension of job-work time limits under the second proviso to section 143(1) of the Gujarat Goods and Services Tax Act, 2017 is assigned to the Joint Commissioner within that officer's jurisdiction. The authorised function covers extension of the one-year period for inputs and the three-year period for capital goods sent for job work, by further periods not exceeding one year and two years respectively.

GST classification of Rab clarified: pre-packaged labelled sales attract taxable rate, other sales attract nil rate.
Effective from 1 March 2023, Rab sold in pre-packaged and labelled form is subject to the notified taxable rate, while Rab sold other than pre-packaged and labelled is nil-rated; the circular regularizes past-period treatment on an "as is" basis and invites reporting of implementation difficulties.

GST classification of Rab: pre-packaged and labelled supplies attract a specified GST rate, other forms attract nil tax.
Supplies of Rab sold in pre-packaged and labelled form are subject to a specified GST rate from 1 March 2023, while supplies other than pre-packaged and labelled are nil-rated; past period treatment is regularized on an "as is" basis and implementation issues may be reported to the Chief Commissioner of State Tax.

Online licensing for money changers now required via APConnect, centralising applications and returns for FFMCs, AD Category II under FEMA.
The circular mandates registration on the APConnect portal within three months and requires all applications for fresh licences, renewals, branch/franchise registration, MTSS agent authorisation, permitted foreign currency/nostro account openings, voluntary surrender, write-off of foreign currency notes, and submission of statutory returns to be made exclusively through APConnect; on licence generation via APConnect entities must surrender existing licences to the Reserve Bank Regional Office. Directions are issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999.

GST classification on Rab clarified: pre-packaged labelled attracts reduced GST rate; unpackaged sales attract nil, past periods regularised.
Sales of Rab in pre-packaged and labelled form are subject to a reduced GST rate, while sales in forms other than pre-packaged and labelled are subject to a nil rate. The CBIC circular regularises past period treatment on an "as is" basis and is to be applied uniformly by States, with the State trade circular adopting the circular mutatis mutandis and inviting reports of implementation difficulties.