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and amends the General Note for Leather & Leather Products; the listed SION entries (including new entry G3 A) are superseded by detailed product-specific input schedules in Annexure A and the General Note is revised in Annexure B. The amendments set quantitative input allowances,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.

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.