Manage CB Profile edits permit correction of wrongly validated broker OPS details by nodal officers.
Authorizes nodal officers in CBLMS to edit or add incorrectly validated Other Policy Section (OPS) office details and one contact person per OPS office in Customs Broker profiles. Brokers must submit a requisition with parent CB identifiers, full OPS office particulars, and the contact person's documentation; after nodal amendment, brokers must update all OPS employees via the 'Add OPS details' application for validation. Employees wrongly listed under parent profiles require pass cancellation before re-entry under the correct OPS office.

Extended Producer Responsibility: importers must show EPR registration or application for customs clearance of plastic-packaged imports.
Importers of goods with plastic packaging must upload either EPR registration or proof of application on the Centralized EPR portal in e Sanchit at Bill of Entry filing; customs will not detain consignments based solely on lack of registration if proof of application is shown. Officers granting Out of Charge shall verify application status in real time on the portal, maintain records for monitoring, and notify the Appraising Group where CPCB rejects applications or registration is not issued so statutory action may follow within six months of clearance.

Classification of DHA Algal Oil as microbial fats and oils directs tariff treatment based on processing and edibility.
DHA Algal oil is classifiable as microbial fats and oils; classification depends on the product's characteristics, extent of chemical modification and whether the mixture or preparation is edible or inedible. HS 2022 Explanatory Notes treat microalgae-derived oils as single cell oils and direct classification in appropriate Chapter 15 headings. Microencapsulated powder retains the oil's essential character and should be classified the same as the oil form. The product is not a food preparation for food-preparation headings and is not the pure DHA chemical.

Adjudication allocation: mid-value show cause matters to jurisdictional taxpayer services; joint commissioner may assign cases to adjudication deputies.
Adjudications under sections 73 and 74 within the prescribed mid-range shall be finalised by the jurisdictional Deputy Commissioner, Taxpayer Services; the Joint Commissioner of Taxpayer Services will determine and formally allocate additional matters to Deputy Commissioner (Adjudication) posts in specified districts considering pendency and pecuniary limits, and must intimate affected taxpayers of any reassignment.

Supporting document requirement: mandatory electronic upload of product details and end use to speed customs assessment.
Importers and Customs Brokers must mandatorily upload detailed product catalogues, technical write-ups and end use documentation for ovens and printing machinery via the e-sanchit portal; the Image Reference Number (IRN) from the upload must be declared at the item level in the Bill of Entry supporting document table, with classification dependent on end use and machine characteristics.

Centralised WCO communications: all contact must route through the Board's WCO cell; unsolicited contacts must be escalated.
A centralised communication protocol designates the Customs Policy Wing's WCO Cell as the exclusive nodal contact point for all interactions with the WCO; subordinate officers and formations must not initiate independent contact, must not respond to unexpected WCO communications, and must forward such communications to the JS Customs and WCO Cell by email. When nominated to WCO events or coordinating on Board approved WCO projects, all follow up communications must be endorsed to the Board's WCO Cell; queries are to be referred to JS Customs and officers must be sensitised to ensure compliance.

Compulsory selection for complete scrutiny requires prior administrative approval and transfer to central charges with fixed service timelines.
Guidelines mandate compulsory selection of specified categories of returns for Complete Scrutiny in FY 2023 24, including survey linked returns, search and seizure/requisition cases, non filed returns after notice, reassessment notices, withdrawal/cancellation of registrations where exemptions are claimed, recurring additions above thresholds, and cases flagged for tax evasion. Each compulsory selection requires prior administrative approval and, where applicable, transfer to Central Charges and uploading of supporting documents on IT systems for access by NaFAC; statutory timelines for selection, transfer and service of assessment or information notices are prescribed.

Foreign Trade Policy implementation updates: changes to advance authorizations, EPCG exclusions, AEO linked eligibility and bank guarantee rules.
The Foreign Trade Policy 2023 and accompanying Customs notifications revise implementation of authorization and export promotion schemes: Special Advance Authorization permits specialised fabric imports on self declaration pending norms within 90 days; Self Ratification for Advance Authorization is extended to certain 2 Star manufacturers who secure AEO certification within 120 days or else face DGFT norm fixation; spices under Advance Authorisation require 25% minimum value addition; items with basic customs duty over 30% are excluded from self declaration imports; EPCG excludes project imports; bank guarantee exemptions are restricted for units with confirmed GST demands but extended to qualifying AEO units; EOUs lose tax benefits for captive renewable plants; conversion of DTA EPCG units to EOU requires export obligation fulfilment or duty payment.

Trust registration deadlines and provisional registration rules clarified, with extended filing windows and reporting obligations.
Clarifies registration, provisional registration and renewal procedures for trusts under sections 10, 12A/12AB and 80G, including Board extensions for filing Forms 10A and 10AB, treatment of pending or late applications, effect of amended section 115TD for unregistered trusts, timing and validity of provisional registration for three assessment years with conversion to five-year registration, extensions for donation reporting Forms 10BD/10BE, timing rules for Forms 10 and 9A on accumulation/deemed application, and revised audit-reporting requirements and electronic payment-mode treatment in Forms 10B/10BB.

Core Settlement Guarantee Fund computation aligned with other segments; excess contributions returnable after regulator approval and implementation required.
Alignment of Core Settlement Guarantee Fund computation in the Commodity Derivatives Segment with other segments is mandated; Clearing Corporations may adjust target corpus levels and, with regulatory approval, return excess contributions pro rata to stakeholders. Stock Exchanges and Clearing Corporations must amend bye laws, notify brokers, disseminate the circular, and report implementation status in monthly development reports.

Amnesty scheme for export obligation defaults permits one-time duty settlement with capped interest and registration/payment requirements.
Amnesty scheme permits one-time regularisation of export obligation shortfalls by Advance Authorisation and EPCG holders through payment of applicable customs duty and interest as specified in DGFT Public Notice No.02/2023, with interest capped at 100% of duties exempted where interest applies; no interest on Additional Customs Duty or Special Additional Customs Duty; registration and payment to jurisdictional customs required to avail the scheme.

Generation of RFN for offline tax communications enables taxpayers to verify document authenticity on the GST portal.
RFN must be generated for all physically issued communications (notices, adjournments, orders, reminders) via the GST Back Office RFN Generation facility, superscribed on the document, and enabling pre- and post-login verification of document authenticity on the GST Common Portal; officers must follow the prescribed generation steps and comply strictly, with the guidance characterised as procedural and not for statutory interpretation.

InvITs must hold HoldCo and SPV securities in dematerialized form; Investment manager responsible; deadline June 30, 2023.
InvITs must hold securities of their holding companies and special purpose vehicles in dematerialized form, and the investment manager is responsible for ensuring compliance. Existing securities held in physical form must be dematerialized on or before June 30, 2023. The requirement is issued under the regulator's statutory powers and Regulation 33 and is effective immediately.

Dematerialization requirement: REITs must hold and convert holdings in HoldCos and SPVs to demat form, enforced immediately.
REITs must hold securities of their Hold Cos and SPVs only in dematerialized form, and the Manager of the REIT is required to ensure dematerialization of any existing physical securities of Hold Cos and SPVs by the prescribed cut-off; the directive is issued under the regulator's powers and takes effect immediately.

IT system cutover affects cargo clearance-stakeholders must register perishable and critical shipments before downtime.
The incoming custodian will implement an IT system cutover that renders CCSP cargo IT systems unavailable from 23:59 hrs on 23 May 2023 until 02:00 hrs (one terminal) and 06:00 hrs (other terminal) on 24 May 2023, disrupting ICEGATE-cargo operator data transfer. Stakeholders must plan clearances and ensure import/export shipments, notably perishables, live animals, life saving drugs and other critical consignments, are registered in the shed before 20:00 hrs on 23 May 2023 to complete clearance prior to the downtime.

Zonal jurisdiction for AEO applications: file in the customs zone used for your import or export activity to avoid delays.
Applicants must submit online AEO registration to the Customs Zone where they carry out import or export activity; applications should not be filed in Zones with no site or branch presence. If an applicant uses multiple Zones, the Zone with higher import/export activity should be selected. This approach, consistent with CBIC AEO FAQs, is reiterated to avoid delays in processing and to ensure applications are handled by the concerned Customs Zone.

TDS on online gaming winnings: net winnings computation and withholding rules govern withdrawals and year end tax treatment.
TDS on winnings from online games under section 194BA requires deduction on net winnings at withdrawal and year-end as computed by Rule 133. Each registered user account (including multiple wallets) is aggregated for deposits, withdrawals and balances unless technological separation by platform is necessary, in which case aggregation applies within each platform. Non-taxable deposits (including borrowed funds) reduce net winnings; bonuses and incentives are taxable deposits unless play-only non-withdrawable, which are excluded until recharacterised. Valuation rules and procedures for in-kind winnings, withdrawal treatment, and a limited concession for insignificant withdrawals are specified.

Export of iron ore fines: prescribed bank guarantee levels tied to exporter category and CRCL-confirmed Fe test results.
Notice prescribes bank guarantee security amounts for provisional assessment of iron ore fines under Section 18, varying by exporter category (nil for AEO T3; reduced percentages for other recognised categories; full duty for others). A consignment has a clean test record only if the CRCL test report confirms the declared Fe content below 58%; only shipments with received CRCL reports are considered. Departments must maintain a database of CRCL reports, report adverse actions to the Commissioner, and review guidelines half yearly; the notice is effective immediately.

Risk disclosures for equity F&O trading require brokers to display prominent pop-up notices and retain client P&L data.
Brokers must display SEBI's prescribed Risk disclosures (Annexure I) to individual clients on login, require acknowledgement before trading, and ensure the disclosures occupy at least fifty percent of the screen. Qualified Stock Brokers must maintain client Profit and Loss data continuously in the Annexure II format and retain such records for at least five years; exchanges and depositories must notify members and publish the disclosures with a link to the SEBI study. These requirements are effective July 1, 2023.

Mutual funds: SEBI issues a consolidated master circular standardising filings, categorisation, risk management, segregation and disclosure.
SEBI issues a consolidated Master Circular for Mutual Funds effective from its issuance date, rescinding earlier circulars while preserving prior actions. It prescribes uniform requirements for SID/SAI/KIM filings, scheme categorization and benchmarks, standardizes offer and rebalancing procedures, and sets minimum AUM/NFO norms. The circular mandates a Risk Management Framework, stress testing, internal credit assessment, cybersecurity and systems audit, permits creation of segregated portfolios on specified credit events with valuation and disclosure rules, and establishes swing pricing, liquidity and ETF/GOLD/SILVER product specific norms alongside investor protection, two factor authentication and reporting obligations.