Mandatory e-filing of Non-Preferential Certificate of Origin: agencies must onboard to the platform or face de-notification.
Agencies and chambers notified as CoO issuers must complete onboarding to the DGFT Common Digital e CoO platform by the final deadline specified in this notice or be de notified; manual/paper CoO applications remain temporarily permitted during the transition period, and operational guidance is available on the e CoO landing page and via designated helpdesk channels.

Export quota allocation for wheat and flour to Bhutan extended; non-compliance triggers blacklist and enforcement action.
Trade Notice extends the application deadline for export licences for wheat, wheat flour (atta) and maida/semolina to Bhutan and prescribes that any mis-declaration or failure to export allocated quota within the specified period will result in blacklisting for two financial years and enforcement action under applicable foreign trade enforcement provisions.

Export quota extension for broken rice: application deadline extended for specified countries pending resolution of the judicial petition.
Export quota allocation procedure for broken rice is provisionally amended to extend the last date for submission of licence applications for exports to Senegal, Gambia and Indonesia on humanitarian and food security grounds, in compliance with a judicial order dated 10.08.2023; the extension applies until disposal of the pending petition and does not alter substantive licence conditions.

Inventory valuation must be reported by a nominated Cost Accountant in the prescribed Form 6C under the amended procedure.
Amendment requires an assessee to furnish an inventory valuation report prepared and signed by a Cost Accountant nominated by the supervisory commissioner when the Assessing Officer, with prior approval, considers such valuation necessary; draft Form No. 6C prescribes the format, inventory categories, valuation methods (including application of ICDS II where applicable), product wise quantitative and valuation schedules, reconciliations with Form 3CD/audited accounts, workings for cost of production and net realisable value, and explanations for variances and method changes.

GST rate reclassification updates applicable tax on extruded uncooked snack pellets and related goods, regularising past periods.
The circular implements GST Council recommendations reclassifying certain goods and prescribing applicable GST rates: uncooked extruded snack pellets under CTH 1905 and fish soluble paste under CTH 2309 attract 5% from 27 July 2023, imitation zari yarn under heading 5605 reduced to 5%, raw cotton supply from agriculturists to cooperatives is taxable at 5% on a reverse charge basis, and uniform 5% is clarified for goods under HSN 9021. Specified past periods of interpretational doubt are regularised on an "as is basis" and no refunds will be granted where higher GST was already paid.

Reverse Charge Mechanism: director's personal supplies excluded; cinema food treated as restaurant service when supplied independently.
Services by a director are subject to Reverse Charge Mechanism only when supplied in his capacity as director; personal-capacity supplies such as renting immovable property to the company are excluded. Supply of food or beverages in a cinema hall is taxable as restaurant service when supplied by way of or as part of a service and independent of the exhibition service; bundled cinema ticket and food supplies that form a composite supply attract GST at the rate applicable to the principal supply (exhibition). The Central circular is adopted mutatis mutandis under the Goa GST Act and is clarificatory.

Warranty replacement ITC rule: no GST or ITC reversal when replacements are covered by original supply consideration.
The original supply value includes anticipated warranty replacement and repair costs, so where replacement parts or repair services are provided during warranty without separate consideration, no further GST is chargeable and the manufacturer is not required to reverse input tax credit. If additional consideration is charged, GST applies. Distributor actions: free warranty service to customers attracts no GST; invoicing the manufacturer for parts/services is a taxable supply enabling manufacturer ITC; manufacturer-provided parts to distributor without charge do not attract GST or ITC reversal.

Life insurance exemption limits: premium aggregation rules restrict income-tax exemption for certain non-ULIP policies issued after amendment.
Amendments provide that consideration (including bonus) from non-ULIP life insurance policies issued on or after 01.04.2023 is not exempt under Clause (10D) where the annual premium payable in any previous year during the policy term exceeds the prescribed threshold; for multiple such policies exemption is available only for policies whose aggregate annual premium does not exceed that threshold. Sums received on death are excluded from these provisos. Excess consideration over aggregate unclaimed premiums is taxable under "Income from other sources." Premiums are to be measured exclusive of GST and term insurance policies are exempt from these provisos.

Reverse charge on director services: personal-capacity rentals to the company are not taxable under RCM; director-capacity services attract RCM.
Services supplied by a director to the company in his private or personal capacity, such as renting immovable property, are not taxable under the Reverse Charge Mechanism; only services supplied by the director in his capacity as director are taxable under RCM. Supply of food or beverages in a cinema hall is taxable as restaurant service when supplied by way of or as part of a service and independent of cinema exhibition; if ticket sale and food supply are bundled and form a composite supply, the entire supply attracts GST at the rate of the principal supply (cinema exhibition).

GST rate reductions and retrospective regularisation for specified goods, with no refunds where higher GST was paid.
Clarification implements GST rate reductions for specified goods effective 27th July, 2023 and regularises past-period treatment on an "as is" basis where genuine interpretational doubts existed. Key changes: uncooked extruded snack pellets (CTH 1905), fish soluble paste (CTH 2309), and imitation zari thread (tariff heading 5605) move to 5% GST; ready to eat extruded snacks remain at the higher rate. Supply of raw cotton by agriculturists to cooperatives is taxable at 5% under reverse charge. Goods under HSN 9021 attract a uniform 5% rate. No refunds will be granted where higher GST was earlier paid.

E invoice obligation applies to supplies to government entities registered solely for tax deduction under section 51.
Supplies by taxpayers exceeding the e invoicing turnover threshold to government entities registered solely for tax deduction at source must have e invoices issued; those government entities are treated as registered persons and suppliers must comply with the applicable e invoicing rule. The clarification is issued to ensure uniform implementation and to permit reporting of implementation difficulties to the Principal Commissioner.

Custodian appointment approved for CFS operator, with CCSP designation conditioned on AEO status and regulatory compliance.
M/s Hind Terminals Pvt. Ltd. is approved as the successor operator and appointed as the Custodian and as a Customs Cargo Services Provider for the Container Freight Station covering the notified Customs area of 36,456 SQM, subject to compliance with the Customs Act and the Handling of Cargo in Customs Areas Regulations, 2009, validity linked to AEO LO accreditation (or five years if AEO lapses), conditional waiver of bank guarantee during AEO validity, requirement to submit amended MPCB consent, and the Commissioner's right to review approval for non compliance.

Certificate of Origin (Non Preferential) details amended to update authorised agency names and contact information.
Amendment under paragraph 2.04 of the Foreign Trade Policy updates agencies authorised to issue Certificate of Origin (Non-Preferential), renaming Expo Overseas Entrepreneurs Association as Expo Overseas Entrepreneurs Chamber of Commerce and revising its registered and branch office addresses and contact details; it also updates the registered office, telephone, mobile and email details of Gurgaon Chamber of Commerce & Industry.

Concurrent jurisdiction after taxpayer transfer preserves pending scrutiny, audit, refund, and appeal proceedings by the original officer.
Concurrent jurisdiction continues for transferor Charge or LTU officers after transfer of taxpayers, but only to complete proceedings already initiated by them. This applies to scrutiny under section 61, notices under section 73 or 74 until the order stage, audits already commenced for 2018-19 or 2019-20, and refund applications filed before transfer until disposal. The related appellate authority remains the one having appellate jurisdiction over the officer who passed the original order, even after the taxpayer is moved to another jurisdiction.

Reverse charge for director services applies only when services are rendered in the director capacity; personal rentals excluded.
Director-supplied services to a company attract Reverse Charge only when supplied by the director in his capacity as director; services supplied in a director's personal capacity, such as renting immovable property to the company, are not taxable under RCM. Food and beverages supplied at cinema premises constitute restaurant service when supplied as a service and independently of exhibition; bundled supplies of ticket plus food that form a composite supply will be taxed according to the principal supply, the exhibition service.

GST rate reclassification: specified goods re-rated and prior interpretational doubts regularised, with certain supplies placed on reverse charge.
Clarification prescribes GST reclassification and rates for specified goods per the GST Council's 50th meeting, including uncooked extruded snack pellets, fish soluble paste, desiccated coconut, biomass briquettes, imitation zari thread, raw cotton supplies to cooperatives (taxable at 5% on reverse charge), areca-leaf plates/cups, and trauma/spine/arthroplasty implants; most changes take effect 27 July 2023 where specified, and interpretational doubts for defined past periods are regularised on an "as is" basis, with no refunds where higher GST was already paid.

KYC simplification: clients can open accounts once KYC completed; KRAs must promptly verify identity attributes.
Clients may open accounts once proof of identity and address are obtained; KRAs must verify PAN (including PAN-Aadhaar linkage), name and address within two days and also verify mobile number and email ID. Where PAN is exempt, other attributes must be verified. Records verified against official databases will be treated as Validated Records and be portable between intermediaries, with KRAs required to adopt uniform guidelines and integrate systems for transfer and validation.

Exit option window period redefined for change in control - shorter notice generally, extended notice for scheme consolidation or merger.
Unitholders must be offered an option to exit at the prevailing Net Asset Value (NAV) without any exit load within a period not less than 15 calendar days from the date of communication, except where change in control results in consolidation or merger of schemes, in which case the exit option period is not less than 30 calendar days; all other provisions remain unchanged and AMCs must implement changes within one month.

International transshipment procedures require prior airline notification and custodian controls to secure approved onward export movement.
International transshipment at Bengaluru requires airlines to notify and apply via the Cargo Transfer Manifest (CTM) for Customs approval. Approved Custodians/CCSPs must segregate transshipment consignments in a dedicated, scanned area, store and escort approved cargo to outbound flights without routine physical examination except on intelligence, certify marks and numbers, and maintain physical Bond register entries for inter-warehouse movements. Custodians are responsible for receipt, handling, demarcation, recordkeeping, and duty or penalty for loss or pilferage after entry into the customs area.

Actual collection reporting: new ARN-wise entry module requires mobile squad units to record demand and real payments for accurate MIS.
API supplied demand figures without actual paid amounts produced inaccurate MIS; a field-level ARN-wise Entry Module in the MS Entry Menu has been deployed to record, against each ARN, generated demand and actual collection (including DRC-03 payments), display ARNs from March 2022 onward, and permit entries for demand, real collection and actions against identified tax-evasion transport, with specified deadlines and officer accountability for data accuracy.