Specified authority for taxpayer information: DGIT Systems to provide PAN-based income-tax status to Uttar Pradesh via API.
The Board designates the Director General of Income-tax (Systems), Delhi as the specified authority to furnish PAN-based income-tax payer status flags ("Yes/No/Not Available") to the Principal Secretary, Planning Department, Government of Uttar Pradesh. The State will provide PANs and Assessment Years; responses will be delivered via API, with frequency and timelines to be agreed. The designated authority will enter into an MoU with the notified State authority covering data transfer mode, confidentiality, secure preservation, weeding out, and timelines; a copy of the MoU will be forwarded for record.

General Authorization for export of information security items requires documented end use, IMWG review, and mandatory quarterly post shipment reporting.
Notification provides a one-time General Authorization for Export of Information Security items (GAEIS) under SCOMET Category 8A5 Part 2, requiring an online application, IMWG review, technical descriptions, End User Certificates from all supply chain entities, list of destination countries, company undertaking, certified internal compliance programme, and AEO T2 certification; re exports need import provenance. Pre export evidence, quarterly post shipment reporting for three years, five year document retention, explicit exclusions for military/WMD uses and embargoed destinations, non revalidatable limited validity, and DGFT discretion to suspend or revoke are mandated.

General Authorization for export of telecommunication items permits one time licensed exports subject to end use controls and reporting.
A one time General Authorization for Export of Telecommunication items (GAET) permits export of specified SCOMET telecommunication goods excluding technology/software and items in Annexure I, subject to an online application, technical descriptions, end use certificates from all supply chain entities, internal compliance certification, AEO T2 status, and inter ministerial review. Prior to export, executed EUCs, contractual proof of permitted end use and signatory contacts must be submitted. Quarterly post shipment reporting for three years and five year record keeping are mandatory; GAET is excluded for military or WMD related uses and may be suspended or revoked for non compliance.

Preventive vigilance during elections: intensified CBIC controls on movement, storage and reporting of inducement goods and cash.
The SOP directs CBIC formations to intensify preventive vigilance during elections by establishing Central Control Rooms and nodal officers, deploying Flying Squads and Static Surveillance Teams, mapping and monitoring warehouses and bonded premises, conducting targeted checks of movement and stocks of potential inducement items, and enhancing intelligence and analytics. It mandates real time reporting through ESMS and daily collated reports to CBIC investigators, with major seizures communicated to the Election Commission in the prescribed format within 24 hours.

Due diligence for notices under Section 73/74 required; ensure timely adjudication while protecting natural justice.
Issuance of Show Cause Notices under Section 73/74 must follow thorough examination of documents and taxpayer responses, with opportunities to be heard; district and zonal heads must monitor investigations and audits before issuing demands. Proper officers are required to complete adjudication within the statutory timelines under Section 73(10), and supervisory officers must ensure timely, high-quality adjudication that respects natural justice and can withstand judicial review.

Drive-through container scanning procedure sets safety, routing and re-scanning rules for selected import containers.
Operation of the Drive Through Container Scanner is commenced for selected import containers, with selection made through the Container Scanning Module of the National Customs Targeting Centre and intimated to the designated stakeholders. Movement of DTCS-selected containers follows the existing MXCS procedure, subject to specific safety and operational modifications on trailer speed, container spacing, parking after scan, re-scanning, exit routes, container height, and responsibility for safe transit and seal integrity.

Suspension of refund scrolls temporarily halts IGST and export-incentive processing; traders urged to publicize notice and contact helpdesk.
Temporary suspension of electronic scrolling for refunds and export incentives is in effect: IGST refund scrolling is suspended from 00:00 hours of 21 March 2024 to 23:59 hours of 31 March 2024, and RoDTEP, RoSCTL and Drawback scrolling is suspended from 00:00 hours of 25 March 2024 to 23:59 hours of 31 March 2024. Trade associations are requested to publicize the advisory and traders facing difficulties should contact the ICEGATE helpdesk email for assistance.

T+0 rolling settlement optional beta launched to shorten settlement timelines while preserving surveillance and risk controls.
Introduction of an optional Beta T+0 rolling settlement alongside T+1 for a limited set of 25 scrips and a limited number of brokers; all investors may participate if they meet MIIs' timelines, processes and risk requirements. Surveillance measures applicable to T+1 apply to T+0. Trading will be one continuous session; T+0 prices will be excluded from index and settlement price computation; no netting of pay-in/pay-out obligations between T+1 and T+0. MIIs must publish operational guidelines, FAQs, lists of scrips and brokers, provide fortnightly progress reports, implement systems and amend rules as required.

Rectification under Section 161 permits reconsideration of assessment orders where taxpayers' replies or correct annexures were overlooked.
Proper Officers may invoke Section 161 to rectify assessment orders where a taxpayer's reply to a Show Cause Notice was filed but not considered, where multiple notices/orders for the same subject-matter and period are determined on review to relate to the same issue, or where annexures were missing or incorrect and a taxpayer's reply was therefore overlooked; verification of records and adherence to statutory timelines are required, and the listed examples are illustrative not exhaustive.

Interest equalization scheme extended with a per IEC cap imposed for the upcoming quarter affecting export credit claims.
Interest Equalization Scheme is extended until 30.06.2024 with a temporary per IEC cap imposed for the quarter commencing 01.04.2024; exporters must observe this ceiling when claiming interest equalization on export credit for that quarter, as communicated in the Trade Notice implementing the notified extension.

Safeguards for dematerialised securities transfers require DP verification and DIS issuance limits to prevent unauthorised transfers.
Measures require DPs to prohibit pre signed or blank DIS, cancel unused DIS upon loss notification, limit and condition issuance of loose DIS to in person signing, and verify signatures and transaction authenticity. For inactive/dormant accounts, replacement DIS booklets must be delivered to registered addresses and authorised by a Compliance Officer; mandatory recorded phone verification of BOs and senior authorisation are required before transfers. Active accounts face mandatory verification when all holdings across multiple ISINs are transferred, with verification details recorded and senior authorisation obtained.

FPI concentration exemption limits disclosure obligations where majority Indian equity is in a corporate group without an identified promoter.
SEBI exempts FPIs from additional disclosure obligations where majority Indian equity AUM is concentrated in a corporate group whose apex company has no identified promoter (with Depositories publishing such apex companies), provided the FPI's group holding excluding the apex company stays below the concentration threshold and the composite holdings of eligible FPIs in the apex company remain below a capped cumulative limit. Custodians and Depositories must track and publicise utilisation of the capped limit daily. If the capped limit is met, prospective investments by such FPIs must be realigned within a short trading-window or the FPIs must make the mandated additional disclosures, provided the capped limit persists through that window.

FTA certificate verification under CAROTAR Rules requires importer submission of exporter invoice and Bill of Entry amendments when discrepancies arise.
TSK officials verifying and defacing FTA Country of Origin certificates under CAROTAR Rules 2020 face third party invoicing issues (missing/mismatched FOB, extra invoice items, and CTH mismatches). Importers must submit the exporter's originating country invoice on which the FTA certificate was issued and amend the Bill of Entry where discrepancies arise. Certificates lacking the requisite FOB column (unless inherently absent) are to be referred to the Group for verification from the exporting country. If importers fail to provide required information, the proper officer may initiate verification under CAROTAR Rules.

Aadhaar e KYC authentication permitted for newly notified reporting entities as sub KUAs enabling securities market KYC onboarding.
Permission is granted for specified reporting entities to undertake Aadhaar authentication as sub-KUA for customer on boarding in the securities market, subject to compliance with applicable privacy and security standards and the procedural framework for e KYC. These entities must follow the processes set out in SEBI's Master Circular on KYC and any UIDAI prescriptions, and KUAs are to facilitate their on boarding as sub KUAs to provide Aadhaar authentication for KYC purposes.

Assessment reopening under section 147: AOs must use e Verification Value at Risk to issue notices under section 148.
Assessing Officers are to invoke section 147 and issue notices under section 148 in High-Risk e-Verification Scheme cases where the Final Verification Report shows Value at Risk. The FVR and related documents are available on the Insight portal (Verification Module e-Verification e- Verification Scheme 2021 Verified Count). For Non-updated ITR cases VaR equals the Income Escapement in the PVR; for Updated ITR cases VaR equals the PVR Income Escapement less additional income disclosed in the Updated ITR (difference in Gross Total Income between Updated and Original ITR).

Origin declaration under DCTS: exporters must self-certify Rules of Origin to claim preferential UK tariff treatment.
Requirement to use the UK Developing Countries Trading Scheme (DCTS) origin declaration for self-certification by Indian exporters to claim concessional import duty: goods must meet the DCTS Rules of Origin and exporters must replace GSP origin declaration wording with DCTS wording when completing self-certification for tariff concessions.

Administrative opening of income-tax offices ordered to complete departmental work at the financial year-end.
An administrative direction under statutory administrative authority requires all Income-tax Offices nationwide to remain open on 29th, 30th and 31st March 2024 to facilitate completion of pending departmental work at the financial year end, citing weekend and holiday proximity as the operational reason and describing the measure as taken for administrative convenience.

Monthly public notice: exporters and carriers must correct listed EGM errors or file pending EGMs to obtain export incentives.
The notice directs exporters, customs brokers and carriers to remove listed EGM errors or to file pending EGMs-identified in Annexure A and Annexure B respectively-to comply with the statutory obligation to deliver the manifest to the proper officer before departure and to avoid delays in receipt of post export benefits and incentives; difficulties in implementation may be reported to Customs, Export, ACC, Mumbai.

IGST refund: system permits declaration for certain tobacco exports to enable refund claims despite backend restriction.
A backend restriction bars IGST refund claims for CTHs listed in the notified Table, requiring export under LUT; an exception permits exporters to self declare that tobacco goods are not in the prohibited category by entering INFO_CD:'CHR' and INFO_QFR:'GSTALLOWED' for the first shipping bill item, whereupon the system will process IGST refund claims without validating the declaration. Contact points are provided for operational issues.

Monetary limits for departmental appeals set; appeals allowed only if tax effect threshold met, subject to specified exceptions.
The Circular mandates that departmental appeals and SLPs be filed only where the tax effect of disputed issues exceeds prescribed monetary thresholds, subject to enumerated exceptions (constitutional invalidity, departmental instrument invalidity, law enforcement based assessments, pending prosecutions, adverse comments/costs, non quantifiable tax effect, undisclosed foreign income/assets, organised evasion, court directions, writs, non Income Tax Act matters, and specified TDS/TCS or international tax disputes). It defines tax effect (including surcharge and cess, excluding interest except when disputed), prescribes per year and per assessee computation (with special rules for alternate tax provisions and TDS/TCS), requires recording when appeals are deferred for low tax effect, and imposes folder maintenance and monthly reporting obligations; it applies prospectively.