Transshipment permission for courier import cargo subject to bond, secured TP processing area, manifests and customs supervision, compliance required.
Permission is granted to M/s DHL Express (India) Pvt. Ltd. to transship import consignments from Bengaluru to specified airports via bonded trucking of M/s Shreeji Trans Logistics Ltd., subject to compliance with the Customs Act, 1962 and related circulars. Transshipment requires execution of prescribed transshipment bonds, specific manifesting of consignments, segregation and transfer to a secured TP processing area under customs supervision and CCTV, sealing of containers by customs, preparation of consolidated manifests/CTMs, production of destination acknowledgements to re credit bonds, and maintenance of records and registers for inspection.

Export certification requirement: Food supplements containing botanicals need official export certificate for EU and UK shipments.
Exports of food supplements containing botanicals to the European Union and the United Kingdom must be accompanied by an official certificate issued by the designated competent authority based on a satisfactory analytical test report from approved laboratories; certificates issued by the designated export body before the notification's effective date remain recognised.

Grievance Redressal Portal for export complaints ensures timely responses, status tracking, and referrals to external agencies.
Launch of an online grievance redressal mechanism 'e-SAMADHAAN' for exporters and customs brokers to consult FAQs, submit export-related grievances, receive assignment to NS-II (Export) sections with interim replies and expected timetables when external agency intervention is needed, and track grievance status; portal information is for public facilitation only and the Custom House disclaims legal liability for use or misuse.

TRQ allocation for sugar permits export under preferential terms to EU with APEDA implementation and origin certification requirement.
Allocation of a Tariff Rate Quota (TRQ) permits export of sugar to the European Union for the 2023-24 TRQ year; exports under TRQ are treated as Free subject to notified restrictions. Preferential Certificate of Origin, where required, will be issued on recommendation of the agricultural export authority and other export certification requirements must be complied with. The quota will be operated by the designated implementing agency and exporters must follow the reporting regime set out in the governing notifications.

Cyber security obligations: Market infrastructure institutions must conduct regular cyber audits and submit CEO certification of controls.
MIIs must conduct comprehensive cyber audits at least twice each financial year and submit, with audit reports, an MD/CEO declaration certifying measures for vulnerability identification and closure (including incentive/disincentive structures), adequate Security Operations Center staffing, and compliance with SEBI cyber security circulars; MIIs identified as Critical Information Infrastructure must provide regular vulnerability update/closure status to the National Critical Information Infrastructure Protection Centre, implement necessary amendments to bye laws and systems, and report implementation status to SEBI within thirty days, effective immediately.

FPI disclosure obligations require look through reporting of beneficial owners for FPIs exceeding concentration or aggregate AUM thresholds, triggering compliance and consequences.
Mandates look through reporting by FPIs that meet specified concentration or aggregate AUM criteria, requiring granular identification of all entities and natural persons with ownership, economic interest, or control, subject to exemptions for defined investor categories and independent validation by DDPs/custodians; sets timelines to realign holdings, prescribes account blocking, registration invalidation and exit procedures for non compliance, voting restrictions during exit, and requires operational SOPs, freeze codes and public repositories to monitor and enforce compliance.

Reopening of completed assessments permitted only through statutory reopening framework, subject to incriminating material and procedural conditions.
Where incriminating material is found in a search or requisition, the AO may assess or reassess total income using that material and other records; where no incriminating material is found, additions cannot be made in completed/unabated assessments based solely on other material. Completed assessments may, however, be reopened under the statutory reopening framework subject to its conditions, procedural safeguards, sanction requirements, and applicable time limits. AOs must classify cases as abated or unabated, revive annulled proceedings where applicable, apply prescribed administrative timelines, and take appellate or remedial steps where later decisions conflict with the Apex Court's ratio.

Interest on wrongly availed ITC: charged only when total ITC balance across tax heads falls below the wrongly availed amount.
For interest under rule 88B, calculation must consider the aggregate ITC balance across IGST, CGST and SGST in the electronic credit ledger. No interest is payable if, between availment and reversal, the combined ITC balance never falls below the wrongly availed IGST amount; interest arises only to the extent the total ledger balance falls short of that amount. Compensation cess credit is excluded from this aggregate because it cannot be applied to CGST, SGST or IGST liabilities or reversals.

Input tax credit: HO may use ISD or invoice BOs; invoice value deemed open market value when recipient has ITC.
Where an HO procures common input services for itself and BOs, it may either distribute input tax credit via the ISD mechanism (with mandatory ISD registration if used) or issue tax invoices to BOs; when a BO is eligible for full ITC the invoice value is deemed to be the open market value under rule 28, irrespective of whether specific cost components were included, and salary costs need not be mandatorily included in value where recipient BOs lack full ITC.

Condonation of delay in LLP filings: one-time waiver of additional fees with specified filing window and conditions
A one-time condonation under section 67 (read with section 460 Companies Act) permits relaxation of additional fees for delayed filing of Form-3, Form-4 and Form-11 to enable master-data updates. Form-3/Form-4 will be STP-processed except for business-activity changes; pre-filled editable master-data is provided and filers remain liable for correctness. Fee relief covers Form-3/Form-4 events from 01.01.2021 and Form-11 for financial year 2021-22 onwards; prior events/years can be filed on payment of 2x additional fee for small LLPs and 4x for other LLPs. Relief is time-limited and protects LLPs availing the scheme from action for delayed filing.

GST classification of Rab: pre-packaged labelled sales taxable; other sales treated as exempt under the trade circular.
Rab is classified for GST by mode of sale: from 1 March 2023 Rab sold in pre-packaged and labelled form attracts a specified GST rate, while Rab sold in other than pre-packaged and labelled form is Nil-rated. The circular regularises past-period treatment on an "as is" basis to address divergent interpretations and directs reporting of implementation difficulties to the Commissioner, State Tax, West Bengal.

Subsidy classification: incentives to acquiring banks for RuPay/BHIM-UPI transactions are not taxable under GST.
Accommodation services provided by military and similar messes to personnel who are not business entities are exempt under Sl. No. 6 of Notification No. 1136-F.T. dated 28.06.2017 if supplied by Central/State/UT/local authority. Incentives paid by MeitY to acquiring banks for RuPay and low-value BHIM-UPI transactions are subsidies directly linked to service price and do not form part of taxable value under section 2(31) and section 15 of the WBGST Act, 2017, and thus are not taxable.

GST classification updates: clarified rates and HS codes for Rab, pulse by products, beverages, snacks, SUVs, and IGST imports.
Rab is classifiable under Tariff heading 1702 and attracts GST at eighteen percent. By-products of pulse/dal milling such as Chilka, Khanda and Churi/Chuni are fully exempt from GST irrespective of end use from 1 January 2023, with transactions from 3 August 2022 regularized on an as is basis. Carbonated fruit beverages containing carbon dioxide are covered by a specific HS classification and attract the highest GST slab plus compensation cess. Extruded snack pellets are classifiable as extruded savoury products attracting GST at eighteen percent. SUVs meet compensation cess only if all specified technical criteria are satisfied. Importers of goods listed for specified purposes may claim a lower IGST rate where eligible under another notification.

GST classification clarifications: reclassifies electric vehicles, stones, mango products, treated water and nicotine gum, adjusting applicable rates.
Electrically operated vehicles are classifiable under HSN 8703 and attract the concessional GST rate even if batteries are not fitted at supply; Napa and similarly minor polished building stones qualify under the concessional entry; mango forms are treated distinctly with fresh mangoes exempt, sliced dried concessional and other processed forms including pulp taxable; treated sewage water is exempt under heading 2201; Nicotine Polacrilex gum for cessation is classifiable under nicotine oral products; the 90% fly ash condition applies only to aggregates not bricks; by-products of pulse milling fall under heading 2302 and attract the concessional rate.

Disposal section established to centralize and expedite lawful disposal of seized and confiscated goods under prescribed procedures.
A dedicated Disposal Section is established in the ICD to centralize and complete all lawful disposal of seized and confiscated goods, including public auctions, in strict conformity with applicable law, the Disposal Manual and Board instructions; the section is staffed and headed at the Assistant/Deputy Commissioner level and placed under the overall supervision of the Joint/Additional Commissioner, with contact details published for trade coordination.

Export prohibition of non-basmati white rice: qualifying consignments meeting any transitional condition may be exported within the permitted window.
Export of Non-basmati white rice (HS 1006 30 90) was changed from Free to Prohibited by Notification No. 20/2023. Though Para 1.05 transitional relief was not applied, exports were allowed for consignments meeting any one of three independent conditions: loading commenced before the notification; shipping bill filed and vessel berthed/anchored with rotation allocation prior to the notification (subject to port confirmation); or consignments handed to Customs/custodian and registered with verifiable timestamp prior to the notification. Such exports were permitted only within a specified export window.

Taxability of shareholding: mere holding of subsidiary shares is not a supply under GST unless a taxable supply exists.
Securities, including shares, are neither goods nor services under GST, and mere purchase, sale or holding of shares does not constitute a supply. The SAC classification for holding companies does not automatically create a taxable service; GST applies only if an activity meets the statutory definition of supply. Therefore, a holding company merely holding equity in a subsidiary is not, by itself, providing a supply of services liable to GST.

TCS liability: supplier side or buyer side e-commerce operator must collect TCS depending on who releases payment.
Where multiple ECOs operate in a single supply, the ECO that finally releases payment to the supplier must collect applicable TCS and complete statutory TCS compliance; if the supplier itself is an ECO, the buyer-side ECO collecting payment must collect TCS and fulfil TCS compliance obligations.

Input-tax credit limitation: provisional excess credits allowed within supplier-reported thresholds; excess credits disallowed without supplier payment evidence.
Clarifies treatment of discrepancies between ITC availed in taxpayers' returns and ITC reflected in supplier-reported returns for April 2019-December 2021: provisional additional ITC was permitted for periods when the rules allowed limited excess credit, but such availment remained subject to the statutory requirement that tax on the supply be paid by the supplier; verification guidelines from the earlier circular apply to the respective subperiods with the relevant provisional caps, while post-amendment ITC is allowed only if reported by suppliers and communicated through the return communication mechanism.

Authorised banks to import gold and silver updated, revising Appendix 4B import authorisations for the fiscal year.
Amendment updates Appendix 4B of the Handbook of Procedures, 2023 to list banks authorised to import both gold and silver and banks authorised to import only gold for FY 2023-24, effective 01.04.2023 and valid up to 31.03.2024, replacing prior Appendix 4B entries and thereby updating the import authorisation framework for precious metals under the Foreign Trade Policy.