Due diligence for GST demand notices and timely adjudication under Assam GST require full fact review and natural justice.
Due diligence is required before issuing demand show cause notices in FORM DRC-01 under Sections 73 and 74 of the Assam GST Act. Notices should be issued only after full examination of facts, documents and taxpayer explanations, with adequate opportunity to respond. Adjudication orders must be passed within the prescribed time limit, and field officers are directed to ensure timely issuance of notices and timely completion of adjudication while following natural justice and maintaining the quality of orders.

Repeal of grandfathering for excess private placements rescinds earlier refund relief and imposes a limited transition period.
SEBI has rescinded prior circulars that allowed issuers who issued securities to more than the permitted number of investors (over 49 up to 200) to avoid penal action by offering a refund option; the repeal becomes effective six months from this circular, without prejudice to prior actions. The relief remains available only to issuers who complete required procedures and submit the prescribed certificate within the six month transition; thereafter such cases will be dealt with under extant applicable laws and stock exchanges must disseminate the circular.

Export obligation amnesty requires registered Advance and EPCG authorisation holders to complete applicable duty and interest payments promptly.
The Amnesty Scheme provides a one-time settlement mechanism for export-obligation defaults by Advance Authorisation and EPCG Authorisation holders. Registration was extended until 31 December 2023, while registered holders must pay applicable customs duty and interest by 31 March 2024. Holders with outstanding payments are requested to complete payment promptly, and payment-related assistance is available through a designated nodal officer.

Waiver of late filing charges: procedure streamlined; delegation to commissioners, e Sanchit uploads and officer discretion for sufficient cause.
Waiver of late filing charges for Bills of Entry is permitted where the proper officer is satisfied of sufficient cause; prescribed maximum charges and statutory caps apply. Assistant/Deputy Commissioners will process cases where charges are leviable as per the Act, while Joint/Additional Commissioners will process discretionary waiver requests supported by evidence uploaded via e Sanchit. An ACL menu option allows PAG officers to waive charges prior to duty payment with designated officer approval; decisions can be contested to the Joint/Additional Commissioner. This Public Notice operates as a Standing Order and is effective immediately.

IGST refund restriction on specified tobacco exports; system allows a user declaration to enable refund-route processing for eligible shipments.
Restrictions on IGST refund for specified tobacco CTHs require export under LUT and a system block was implemented for affected shipping bills. To address exporter grievances, an exception allows the declarant to assert that goods are not in the prohibited category by entering INFO_CD: 'CHR' and INFO_QFR: 'GST ALLOWED' for the first shipping bill item; the system will process such IGST refund-route filings without validating the declaration and exporters may contact the helpdesk for assistance.

Modified return filing allowed for successor companies after business reorganisation, subject to assessing officer verification and e filing enablement.
Successor companies with business reorganisation orders issued after June 1, 2016 but before April 1, 2022 may file returns with modified particulars limited to the sanctioning order by using an e filing portal functionality enabled after the Jurisdictional Assessing Officer verifies that the return results from and is limited to that order; taxpayers must first submit a prescribed proforma to the JAO, enabling verification, ITBA enablement and subsequent electronic filing within the Board's prescribed timeline.

Simplified Offer Documents: extended compliance timeline allows phased transition and mandatory updation with website disclosure.
SEBI extends timelines for implementation of the simplified format for SID/KIM/SAI: updated formats apply from June 1, 2024; draft or recently filed SIDs may use the old format if updated per SEBI timelines; existing SIDs must be updated by June 30, 2024 with data as of May 31, 2024. The half yearly update for the period ending March 31, 2024 may be completed by June 30, 2024. All revised SIDs must be published on SEBI, AMFI and AMC websites within the prescribed timelines.

Re-sealing and amendment procedure for containers with compromised seals mandates reseal, IGM/SAM amendment and 100% cargo examination.
Procedure requires terminal operators to re-seal containers with broken, missing or tampered seals with intimation to the Superintendent of Customs at VCTPL; shipping lines must amend the Bill of Lading and IGM/SAM with Superintendent approval; affected containers shall be moved to a nominated CFS or respective ICD/SEZ and subjected to 100% examination. For seal number mismatches the same amendment and examination procedures apply without re-sealing. Shed appraisers must verify amendments prior to examination, VCTPL will keep daily records and weekly reports, and the shipping line bears amendment fees and any penalties.

Qualified Stock Broker designation expanded to include compliance, grievance redressal and proprietary trading criteria-affects annual obligations.
The QSB framework is expanded by adding proprietary trading volumes, compliance score, and grievance redressal score to the existing designation parameters. Brokers' percentage shares in each parameter are compared to aggregate industry totals and threshold rules determine QSB status; separate cutoffs for compliance and grievance scores permit designation of a limited number of brokers. Designations are updated annually based on year end values, delisted brokers remain subject to enhanced obligations for a further transition period, voluntary QSB enrollment is permitted, and stock exchanges must publish lists and amend rules.

Exemption from mandatory Quality Control Orders permits import of inputs for manufacture of export products under export authorisations.
Amendment creates an updated Appendix 2Y under the Foreign Trade Policy to enable import of inputs subject to Quality Control Orders (QCOs) when those inputs are to be utilised or consumed in the manufacture of export products, permitting Advance Authorisation holders, EOUs and SEZ units to import covered inputs without being subject to specified departmental QCO notifications.

Import allocation caps for petroleum coke imposed, requiring online applications, certified capacity proof and environmental compliance.
Procedure establishes import allocation for calcined petroleum coke for aluminium industry and raw petroleum coke for CPC manufacture for the 2024-25 financial year, requiring online applications through the DGFT portal, State Pollution Control Board certified capacity proof and valid consent to operate, a para wise undertaking of compliance with import policy and environmental guidelines, individual assessment within aggregate ceilings, and authorisations valid only until the financial year end with imports to be completed before that date.

Gender responsive infrastructure encouraged at custodial cargo facilities to ensure safe inclusive workplaces; regulators to promote implementation.
Custodians of ICDs, CFSs and AFSs are to provide and upgrade gender-specific infrastructure to ensure safe, inclusive workplaces, including gender responsive infrastructure (lighting, panic buttons), care facilities consistent with maternity law (creches), establishment of Internal Complaints Committees for sexual harassment, and regular gender sensitization training; Principal Commissioners/Commissioners shall encourage, monitor and sensitize custodians to implement and proactively improve these facilities, and difficulties in implementation may be reported to the Board.

Women representation in trade committees required; ensure women's inclusion, helpdesks and targeted upskilling for logistics service providers.
Mandate representation of women in Permanent Trade Facilitation Committees and Customs Clearance Facilitation Committees, include at least one women perspective agenda item, publicize the requirement by Trade or Public Notice, and encourage trade bodies to establish dedicated help desks and processing mechanisms for women traders and logistics service providers while supporting upskilling and training for women in customs brokerage and freight forwarding.

Disposal of uncleared export cargo: custodian-directed e-auction procedure with shared sale proceeds and mandatory pre-delivery payment.
One-time administrative arrangement permits custodians to auction export cargo entered for export up to 31.03.2023 that was neither exported nor taken back to town, excluding goods under seizure or court order. Custodians must list consignments, serve three auction notices to exporters and brokers, create individual files with shipping and examination records, obtain necessary NOCs and analyses, destroy unfit samples at their cost with legal clearances, obtain valuations from two government-approved valuers, fix reserve price via a committee, conduct e-auction per Board procedures, and share sale proceeds with Customs on a 50:50 basis with payment required before delivery.

Containerised cargo transhipment procedures through PICT prescribe bond, permit, verification, and SEZ, ICD, CFS export-import compliance steps.
Customs procedures are prescribed for import and export of containerised cargo through PICT between PICT and ICDs, CFSs and SEZs in Odisha. Import movements require filing of IGM and, where applicable, Sub-IGM and approval of a Sub Manifest Transhipment Permit, supported by a transhipment bond or continuity bond depending on the movement. Export transhipment from ICDs or CFSs to PICT requires Let Export Order, registration of a continuous transhipment bond, filing of an Export Transhipment Permit, and verification of container and seal integrity at PICT before allowed for shipment. Separate procedures also govern self-sealed exports, stuffing at PICT and SEZ cargo.

Import of premium frozen duck meat restricted; certification, quarantine inspection and hotel-supply authorisation required for commercial imports.
Imports of frozen duck meat under ITC(HS) codes 02074200 and 02074500 intended for supply to hotels and restaurants are classified as "Restricted" when they meet DAHD product parameters. Condition 116 requires importers to furnish (a) a certificate from designated Animal Quarantine & Certification Services officers confirming the goods meet the DAHD Annex parameters and (b) either a Ministry of Tourism certificate confirming a three-star-or-above hotel status or a valid DGFT restricted import authorisation. Other imports under these HS codes remain free.

Suspension of menthol inputs from SION and adhoc norms; advance authorisations and DFIAs temporarily barred pending review.
Menthol is suspended from the Standard Input-Output Norms and from adhoc norms by amendment to the Handbook of Procedures and SION with immediate effect; pending review of the affected norms, no Advance Authorisation or DFIA shall be issued for Menthol.

Quality Control Order exemptions enable advance authorisation and EOU imports for manufacture of export products under FTP provisions.
A new Appendix 2Y under the Foreign Trade Policy, 2023 enables Advance Authorisation holders and EOUs to import inputs covered by mandatory Quality Control Orders (QCOs) where the DGFT has exempted those QCO notifications; the Appendix lists the Ministries/Departments whose QCOs are so exempted and takes immediate effect under FTP paragraphs 1.03 and 2.04 for goods to be utilised in manufacture of export products.

Extension of TDS filing deadline for virtual digital asset transfers: Form 26QE due date extended and fees waived.
A one time ex post facto extension allows specified persons who deducted tax on transfers of virtual digital assets but failed to file Form No. 26QE during 01.07.2022-28.02.2023 to file by 30.05.2023. Fees for late filing and interest on unpaid TDS incurred for the period up to the extended date are waived where non compliance arose from form unavailability or insufficient time to file, and the relief is granted by administrative order as a one time exception.

SEZ area conversion: Board approved processing-to-non-processing demarcations with duty repayment and procedural safeguards.
The Board approved selective one-year extensions of developer formal approvals, rejected an LoA extension where no construction or investment occurred, authorised partial de-notifications and area decreases, and approved transfers of Formal Approval and Co-Developer status subject to SEZ Act and Rules, DoC lease-period instructions, and Assessing Officer review of taxability. It remanded several appeals for rehearing with directions to afford parties opportunity to be heard. For Rule 11B conversions, the Board approved demarcations where full repayment of duty/GST benefits and No Dues Certificates were furnished, deferred others pending revenue concurrence, and required undertakings to remit any differential duty/tax if later determined.