Export credit access: E commerce exporters eligible for pre and post shipment credit and PCFC under existing guidelines.
Pre shipment and post shipment export credit and Packing Credit in Foreign Currency (PCFC) are available to E Commerce exporters under the existing Master Circular Framework; banking and financial institutions are encouraged to extend these facilities to E Commerce exports in accordance with extant guidelines, and exporters or banks encountering difficulties in availing such credit should report issues to the Directorate for remedial attention.

Mode of Payment to Investor Protection and Education Fund now restricted to online portal; exchanges must notify companies.
Payments to the Investor Protection and Education Fund must be made only via the designated online payment link on the regulator's website, accepting net banking, NEFT/RTGS, debit cards and UPI; remitters must provide payer name, PAN, mobile number, email, payment purpose and amount, and stock exchanges must notify listed companies of the change, effective immediately under statutory powers.

Abridged Prospectus format revised: issuers must adopt new disclosures, include QR links to prospectus and substantiate statements.
SEBI mandates a revised abridged prospectus format (Annex I) and investor instruction sheet (Annex II) for public issues of non convertible debt securities and non convertible redeemable preference shares opening on or after October 1, 2023, requiring issuers and intermediaries to host the abridged prospectus online, include QR codes linking to the prospectus, ensure disclosures are accurate and non misleading, substantiate qualitative statements with quantitative factors, and follow specified application eligibility, rejection grounds and basis of allotment procedures.

Information-sharing obligations for credit rating agencies require structured daily reporting of rating revisions to debenture trustees.
Credit rating agencies must use the prescribed structured data template for daily transmission of rating revisions to debenture trustees on the same day as the revision, via the generic regulatory email or other contact means communicated by trustees. This requirement is effective from October 01, 2023, and CRAs must report board-ratified compliance to SEBI within one quarter and include monitoring in the half-yearly internal audit under Regulation 22.

Provisional attachment cessation requires commissioner to notify banks and taxpayer of statutory release and restoration.
Although provisional attachment under section 83(2) ceases automatically after the statutory period, the Board directs Commissioners to issue an intimation to the relevant bank or authority referencing the original attachment order and statutory cessation and indicating release/restoration of the property or account, with a copy to the person concerned; a prescribed release form is being considered and the procedure applies immediately, including to pending cases.

E-commerce export promotion: monthly workshops to build capacity and clarify cross-border logistics, customs and payment compliance.
Implementation of monthly workshops under Para 9.07 of the Foreign Trade Policy 2023 to provide handholding, outreach, capacity building and skill development for e commerce exports. Workshops will cover cross border logistics, postal and customs compliance, and cross border payment mechanisms, held in the first week of each month via video conference (with in person sessions where feasible). Interested participants may register via the published link, and experienced exporters may apply to be guest speakers by contacting the designated email.

Movement of consignments under Section 48: transfer authorized with customs intimation, sealing, and electronic record requirements.
Movement of consignments for the purposes of Section 48 of the Customs Act from FedEx's existing premises at Plot No. C-19 to Unit Nos. 61-63, Cargo Village is permitted provided M/s FedEx gives intimation to the Deputy/Assistant Commissioner, maintains separate (preferably electronic) movement records for Customs inspection, seals closed-body vehicles with one-time tamper-proof seals in the presence of Customs, reports any tampering on arrival, and records receipt and handling details at Cargo Village using the prescribed Annexure formats.

FedEx granted extended customs storage and custodian status at KIA Bengaluru with bond coverage and renewal requirements.
The Principal Commissioner of Customs designates an additional 2,250 sq. ft. at Units 61-63, Cargo Village, KIA Bengaluru as a Customs Area for storage and handling of FedEx consignments, appoints FedEx as custodian of those consignments at the extended premises, confirms existing bond and bank guarantee will cover the extended site, and requires renewal of custodianship one month before expiry while mandating compliance with the Customs Act and departmental instructions.

Medal eligibility and nomination timelines clarified; CBIC screening committee to forward recommendations to MHA for consideration.
CBIC personnel are eligible for the Union Home Minister's Special Operation Medal in the Prevention of Narcotics Smuggling area; a CBIC first-level screening committee is constituted to process nominations in line with MHA notifications and SOP, submit recommendations to Member (Compliance-Management), and forward final nominations with Chairman approval to MHA. Nominations must include all SOP annexures and supporting documents, follow prescribed timelines tied to the operation's conclusion, and may be accepted by dak or email, with the Screening Committee Chairman empowered to condone delays upon justification.

CIRP form filing extended to insolvency professional entities with authorised-IP submission; temporary fee waiver then standard fees apply.
The IBBI has extended the electronic CIRP form submission facility to insolvency professional entities acting as insolvency professionals, enabling IPEs to enroll on the IBBI portal, receive unique credentials, and authorise an individual IP to upload and submit CIRP Forms and records through that authorised IP's individual credentials. A temporary fee waiver applies for filings within the waiver period; thereafter fees will be payable as per Regulation 40B, and the provisions of the prior CIRP circulars apply to these assignments.

Back to Town procedure: RFID e-seal verification enables examination waiver or reduced inspection for eligible exporters, subject to ICES cancellation protocols.
Procedure permits Back To Town movement of export cargo from CPP and CFS at defined stages (pre-registration, post-registration before LEO, and post-LEO) subject to written permission by Assistant/Deputy Commissioners, RFID e-seal verification, prescribed examination levels or waivers for eligible exporters, and cancellation or amendment of LEO and Shipping Bills via the ICES menu. Shut-out and hazardous cargo have tailored processes including endorsement, movement to CPP/CFS, scanning alternatives for hazardous goods, and amendment for partial shut-out cases, with investigative holds precluding BTT.

Safeguard Quantitative Restrictions exempt SEZ imports of Isopropyl Alcohol where no domestic tariff area sales occur.
Safeguard Quantitative Restrictions on Isopropyl Alcohol (HS code 29051220) are clarified to exclude imports by SEZ units, provided SEZ units do not allow any sale of Isopropyl Alcohol into the Domestic Tariff Area; SEZ-directed imports shall not be subject to the country-wise QR for 2023-24.

Standard input-output norms revision for leather and footwear updates permissible inputs and import conditions, altering licensing norms.
Director General of Foreign Trade revises Standard Input-Output Norms (SIONs) for leather, leather products and footwear and amends the General Note for Leather & Leather Products; the listed SION entries (including new entry G3 A) are superseded by detailed product-specific input schedules in Annexure A and the General Note is revised in Annexure B. The amendments set quantitative input allowances, net-to-net and wastage rules, restrictions on synthetic rubber and antioxidants, dyes valuation limits, provisions for processing chemicals when tanning is undertaken by the exporter or an endorsed supporting unit, and take effect from 15.9.2023.

Reverse charge applicability clarified: director's personal services excluded while cinema food qualifies as restaurant service unless bundled.
Tax under the Reverse Charge Mechanism applies only to services supplied by a director in his capacity as director to the company or body corporate; services supplied by a director in a private or personal capacity, such as renting immovable property to the company, are not taxable under RCM. Supply of food or beverages in a cinema hall is taxable as restaurant service if supplied by way of or as part of a service and independent of the cinema exhibition service; bundled supplies that form a composite supply will attract the GST rate of the principal supply.

SLP proposals must be submitted only via LIMBS and e office, with complete documents in single receipt mode.
The instruction replaces the designated CBIC contact with Varun Chadha for the CX-8A Section and directs that SLP proposals must be submitted only via LIMBS and e-office. It provides the LIMBS identifier and e-office node for the Legal Cell and mandates forwarding SLP proposals with all relevant documents in single receipt mode on e-office in accordance with the Board's circular.

Cybersecurity requirements for market infrastructure institutions mandate immediate technical, governance and continuity controls with audit reporting.
SEBI mandates immediate compliance by MIIs with prescribed cybersecurity and cyber resilience measures, to be reported with statutory cybersecurity audits and implemented within 120 days. Required measures include encrypted offline backups tested quarterly; gold images and spare hardware for rapid rebuilds; vulnerability scanning and quarterly patch reviews; endpoint protection, application whitelisting, MFA, least privilege controls and privileged access management; secure Active Directory and domain controller practices with penetration testing; network and API whitelisting, DNS filtering and DNS Sec; detailed log retention; controlled remote access; SOPs to implement government cybersecurity advisories; business continuity drills including ransomware scenarios; and vendor/linked MII inclusion in recovery testing.

Document Identification Number requirement extended to communications by revenue intelligence officers, enhancing electronic traceability and accountability under GST.
Specified communications under the WBGST framework issued by officers appointed to act in the Directorate of Revenue Intelligence and Enforcement must bear an electronically generated Document Identification Number (DIN) produced from the Directorate of Commercial Taxes website, with the modalities, exceptions and directions of the earlier Trade Circular applicable to these officers.

Personal hearing for export-proceed default adjudication scheduled; appearance options, virtual ID requirements, and ex-parte decision warned.
Adjudication proceedings against exporters for non-realization of export proceeds and recovery of ineligible drawback have personal hearings scheduled for cases listed in Annexure B. Noticees must submit replies and may appear physically or virtually, in person or through authorized representatives. Virtual attendees must provide valid ID proof, mobile number, and an email address at least three working days before the hearing. A written waiver of hearing should be sent if not required; failure to represent will lead to ex-parte decisions based on available records.

State Excise and VAT licensing requirement: buyers in bond to bond liquor transfers must hold licences and submit copies with warehousing bonds.
Customs mandates that any buyer in a bond to bond purchase of imported liquor must hold state excise and VAT licenses and submit self attested copies with the triple duty bond for warehousing; sellers must verify buyers' licenses. The measure, linked to Section 59 transfer rules and state excise/VAT controls, aims to improve monitoring of warehoused liquor and prevent duty evasion. Original importers and holders of special bonded warehouse licenses are exempt. The guidelines are effective immediately and are to be publicized and enforced by customs personnel.

Monitoring of warehoused goods: stricter bond compliance and mandatory bank guarantees to safeguard customs revenue.
The notice requires stronger oversight of Customs bonded warehouse operations to protect revenue by correcting practices such as expired uncleared bonds, failure of bond-to-bond buyers to furnish required Bank Guarantees, late or post expiry extension requests, filing Ex bond entries without duty discharge, nondisclosure of shelf life, and failure to submit clearance documentation. Mandatory measures include declaring shelf life as an annexure to bonds, limiting warehousing periods relative to shelf life, requiring timely extension applications and responses to demand notices for clearance or extension, mandating Bank Guarantees for bond-to-bond transfers of extended goods, and submission of supporting documents for bond closure.