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Circulars
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Partial de-notification of Customs Area and consequential revision of the Customs-notified area of the Container Freight Station (CFS Code- INNSA1ULA1) operated by M/s International Cargo Terminal Private Limited (ICTPL), Village Koproli, Taluka Uran, District Raigad, Maharashtra
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Partial de-notification of a container freight station customs area confines custodianship and cargo-provider approval to the retained area.
Partial de-notification under Section 8(a) of the Customs Act, 1962 removes 11,525 square metres from the Customs-notified premises of the Container Freight Station operated by International Cargo Terminal Private Limited. The retained Customs Area comprises 82,800 square metres. The operator's appointment as Custodian and approval as a Customs Cargo Service Provider are confined to the retained area, while their existing validity, terms and conditions remain unchanged. Earlier conditions and obligations continue except to the extent modified by the partial de-notification.
Implementation of the Sea Cargo Manifest and Transhipment Regulations (SCMTR), 2018
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Sea cargo manifest compliance requires prescribed electronic messages through the Customs Automated System under phased implementation.
Sea Cargo Manifest and Transhipment Regulations, 2018, become operational through phased implementation, requiring sea-cargo stakeholders to use prescribed electronic messages for customs processing. At Cochin Port, Shipping Lines, Shipping Agents and other stakeholders must ensure timely filing of prescribed electronic messages in the Customs Automated System to support smooth cargo functioning and clearance.
National Assessment Centre (NAC) Portal for Trade and department for effective dissemination of information
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National Assessment Centre Portal centralises customs assessment information to promote consistent decisions, informed compliance, transparency and trade facilitation.
National Assessment Centre (NAC) Portal creates a common digital repository for customs assessment information, including NAC decisions, legal precedents, CAAR rulings, advisories, audit observations, and material on classification, valuation and related matters. The portal supports transparent access, consistent assessment practices, informed compliance and trade facilitation. Each NAC has role-based access to upload, update and manage information within its allocated functional domain and must regularly update the repository. Commodity issues raised for guidance or assessment uniformity before CCFC or PTFC require priority updating.
Checklists for mandatory compliance for Cosmetics/Drugs/Medical Devices to be verified by the Customs officer before granting out-of-charge in case of PGA facilitated Bills of Entry
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Pre-clearance verification for regulated health imports requires licences, matching records, labelling, shelf-life compliance, and referral where discrepancies arise.
Customs officers must verify prescribed licences, permissions, registration records, invoices, packing lists, origin certificates, labels, storage licences, quality certificates and importer undertakings before granting out-of-charge for regulated cosmetics, drugs and medical devices. Documents must correspond with the imported product, manufacturer, licence holder, pack size and authorised quantity. Cosmetics, drugs and devices are subject to category-specific labelling and shelf-life requirements. Imports for personal use, testing, clinical investigation, small quantities and medical-device manufacture require the applicable permissions or manufacturing licences. Discrepancies or doubts require referral to the concerned CDSCO port office.
Amendment to Circular No. 08/2026-Customs dated 28.02.2026 Rationalization of documentation requirements under the Eligible Manufacturer Importer (EMI) Scheme
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EMI scheme documentation rationalisation reduces application disclosures while retaining financial certification, eligibility declarations, and compliance safeguards.
The EMI Scheme application process reduces data disclosures and mandatory uploads while retaining core eligibility, financial and compliance checks. Applicants must provide identity and manufacturer or job-work particulars, disclose GST collection liabilities, financial solvency, insolvency status, net worth, net current assets, prosecutions and prior EMI applications. Mandatory uploads are limited to the applicable UDYAM certificate, a UDIN-bearing Chartered Accountant certificate and authorised-signatory authorisation. The certificate must explain negative net worth or net current assets. Applicants remain responsible for accurate declarations, tax-deposit undertakings and notification of changes affecting eligibility.
Extension of timeline for one-time conversion of Advance Authorisation under SION E-52 to TRQ for import of Raw Sugar
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One-time conversion of eligible raw sugar import authorisations to tariff quota receives an extended application deadline.
Eligible holders of Advance Authorisations under SION E-52 may apply for one-time conversion to tariff rate quota treatment for Raw Sugar imports during the extended window from 3 September 2026 through 7 September 2026, inclusive. The final filing date is 7 September 2026. Existing conditions governing such conversion continue to apply, and provisions may be amended, modified, relaxed, or withdrawn subject to the Foreign Trade Policy and applicable law.
Deposits and Accounts – Accounts of Non-resident banks
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Non-resident bank Rupee accounts: annual branch-list and temporary-overdraft reporting obligations are discontinued for authorised dealer banks.
Reporting requirements for Authorised Dealer Category-I banks concerning accounts of non-resident banks are dispensed with immediate effect. The discontinued obligations include annual submission of updated lists of offices and branches maintaining Rupee accounts of non-resident banks and reporting of temporary overdrawals by overseas branches or correspondents exceeding permissible limits where unadjusted beyond five days. The directions operate without affecting permissions or approvals required under other applicable law.
Implementation of the Sea Cargo Manifest and Transhipment Regulations (SCMTR), 2018
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Sea cargo manifest compliance begins through phased electronic message filing, with stakeholder onboarding and no penalties during transition.
Sea Cargo Manifest and Transhipment Regulations, 2018 become operational through phased implementation of prescribed electronic messages in the Customs Automated System across ports. Stakeholders are expected to file applicable messages for cargo processing and clearance. SEZ units may onboard during the transition period, while field formations must conduct outreach, issue public notices, and coordinate resolution of system and policy issues. No penal action is to be taken during the implementation phase.
Modalities for Application and Allocation of Balance Quantity under TRQ Scheme for Import of 10 Lakh MT of Raw Sugar
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Tariff rate quota allocation for raw sugar uses daily batches, timestamping, and pro-rata distribution upon exhaustion.
Balance raw sugar imports under the Tariff Rate Quota scheme are opened for fresh allocation to eligible millers and refiners through the DGFT online system. Applications are processed in daily batches according to the portal time stamp, subject to scrutiny, eligibility and remaining quota. Where a daily batch exceeds the available balance, allocation is made pro rata among that batch's applicants according to their applied quantities. Applications submitted after complete quota exhaustion are not considered.
Automated Issuance of Free Sale and Commerce Certificates (FSC)
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Automated Free Sale and Commerce Certificates enable rule-based online issuance, while verification cases remain subject to manual review.
Automated issuance of Free Sale and Commerce Certificates is enabled on the DGFT portal for eligible exporters of items outside the Drugs & Cosmetics Act, 1940. Qualifying online applications may be processed through a rule-based, system-driven workflow using a risk-based management approach. Applications requiring verification or not meeting automated processing parameters continue to be routed for manual processing by the concerned Regional Authority. Auto-approved applications may also be selected for subsequent review under risk-management parameters.
Procedure for Processing and Approval of Brand Rate of Drawback (BROD) Applications
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Brand Rate of Drawback applications require risk-based verification, complete documentation, and final determination under prescribed drawback rules.
Brand Rate of Drawback applications shall be processed by the Brand Rate Fixation Cell, with verification where required and a clear recommendation for final determination by the Commissioner. Self-attested duty-paid documents are generally sufficient, subject to risk-based random cross-verification of original documents. Sanction requires timely filing, export of all goods covered, positive value addition, prescribed professional certification, proper shipping-bill declaration, verified calculation, and compliance with market-value and other drawback conditions.
Procedure for movement of Containerized cargo to & from M/s. Century Port Ltd, KPD-1 (W).
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Containerized cargo movement procedures require escorted transfers, prescribed records, reconciliation reporting, and indemnity protection for designated port facilities.
Export containers shut out or not shipped from KPD-1 West may move to NSD only with customs approval, prescribed container and vehicle particulars, and preventive escort on MOT basis. The custodian must maintain endorsed inter-terminal permits, provide shipment details for reconciliation, submit periodic reports, and execute an indemnity bond. DPD containers remaining at KPD-1 West for more than 48 hours may be removed to designated areas at Century CFS JJP and Century CFS Sonai. The CFS custodians must maintain movement records, submit reconciliation reports, ensure orderly trailer movement, and execute indemnity bonds.
04/2026 - 31-08-2026 Companies Law
Extension of Companies Compliance Facilitation Scheme, 2026 (CCFS-2026) up to 15th September 2026
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Companies Compliance Facilitation Scheme extension permits companies additional time to complete pending statutory filings while existing conditions remain unchanged.
The Companies Compliance Facilitation Scheme, 2026 remains available until 15 September 2026, extending the period for companies to complete pending statutory filings. The further extension responds to stakeholder representations, while all other terms and conditions governing the Scheme continue without modification.
Introduction of new features in the Bank Guarantee (BG) Repository Module on DGFT Portal
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Bank Guarantee Repository workflows enable digital status tracking, expiry alerts, replacement linkage and electronically signed guarantee communications.
Enhanced functionality in the Bank Guarantee Repository Module enables digital submission, monitoring and processing of bank guarantees. The module distinguishes fresh and replacement guarantees, sends automated expiry alerts, and permits digitally signed renewal, encashment and return communications. Structured status tracking covers pending acceptance, acceptance, replacement, EODC return and renewal or encashment notices. Bank guarantees in the Bills Repository remain pending acceptance until accepted by the Regional Authority, but automatically become accepted when a linked AA/EPCG invalidation file is approved.
Extension of timeline for implementation of provisions of SEBI Circular dated June 15, 2026 on norms for base price, price bands, call auction in pre-open session and close-out procedure for Exchange Traded Funds (ETFs)
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ETF trading norms receive a deferred implementation date, while existing requirements and market infrastructure compliance duties remain unchanged.
Implementation of norms governing base price, price bands, pre-open session call auctions and close-out procedures for Exchange Traded Funds is deferred to September 7, 2026 to facilitate smooth implementation. All other requirements remain unchanged. Market infrastructure institutions must establish necessary systems, amend relevant bye-laws, rules and regulations where required, and disseminate the requirements to market participants, including investors.
Amendment to the Standard Operating Procedure prescribed under Public Notice No. 114/2018 for movement of domestic/customs-cleared cargo and EXIM cargo between JNPT/Port Terminals and hinterland ICDs/CFSs
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Customs-controlled cargo movement extends to an additional rail operator, subject to segregation, verification, reconciliation, and indemnity safeguards.
The procedure for movement of domestic containers/customs-cleared cargo together with EXIM cargo between JNPT port terminals and hinterland ICDs/CFSs applies to Container Rail Road Services Pvt. Ltd. (DP World Group), subject to Customs control. Domestic and EXIM cargo must be segregated, container and seal details verified, and discrepancies immediately reported without further processing unless permitted. EXIM cargo must comprise at least 50% of outbound cargo, reconciliation must be maintained, and an indemnity bond or undertaking must safeguard revenue against misuse.
Modalities for payment of exempted GST at the time of import of Raw Sugar actually imported under Advance Authorisation (AA) Scheme to be converted into Tariff Rate Quota (TRQ) Scheme
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IGST payment for raw sugar converted from Advance Authorisation to tariff quota requires Customs EDI reassessment and challan payment.
IGST on Raw Sugar imported under the Advance Authorisation Scheme and converted to the Tariff Rate Quota Scheme must be paid through reassessment of the bill of entry at the port of import. The existing out-of-charge order is cancelled, tax is paid through an electronic Customs EDI challan, and a notional out-of-charge order is issued for GSTN transmission. Interest on the IGST payment is waived, and the process is available once per bill of entry. Input tax credit remains subject to statutory eligibility conditions.
Enhancements in the Pre-Shipment Inspection Agency (PSIA)/Pre-Shipment Inspection Certificate (PSIC) process
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Digital PSIC issuance controls require same-day certification, automated inspector authentication, and enhanced inspection evidence uploads.
The PSIA/PSIC process requires same-day electronic generation and issuance of Pre-Shipment Inspection Certificates, with the inspection date recorded in the DD/MMM/YYYY format. Authorised PSIA users may upload inspectors' signature and official stamp images for automatic embedding in PSICs. Inspector details and registered inspection instruments are system-populated and displayed to reduce manual errors. The process also expands permitted inspection photograph and video attachment capacity, while helpdesk channels support users with module-related guidance, issue resolution, suggestions, and feedback.
IT Resilience Index for Market Infrastructure Institutions (MIIs)
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IT resilience monitoring requires market infrastructure institutions to automate resilience scoring, detect deterioration early, and continuously oversee service delivery.
Market Infrastructure Institutions must implement a system-driven IT Resilience Index to assess critical IT systems and related systems through parameters covering availability, security, integrity, governance, reliability, business continuity and scalability. The index must be computed half-yearly without manual intervention, subject to limited exceptions discussed with the Standing Committee on Technology, and comparative results and corrective actions must be placed before the committee and Governing Board. MIIs must also establish an Early Warning System, continuous service-delivery dashboards and procedures for detecting and addressing disruptions.
Alignment of SEBI’s Cyber Incident Reporting Portal with FIRE format
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Cyber incident reporting adopts a standardised staged portal framework for regulated entities, supporting timely updates and final closure.
SEBI's Cyber Incident Reporting Portal is aligned with the Financial Stability Board's Format for Incident Reporting Exchange framework to standardise cyber-incident reporting. Regulated entities remain subject to existing reporting timelines and must report incidents through the designated email channel and portal. The portal supports staged reporting from initial notification through updates and final closure, using common information fields, standardised definitions and consistent incident classifications. Regulated entities must establish implementation systems and make consequential amendments to relevant bye-laws, rules or regulations where required.

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Export of Parboiled Rice (CTH: 10063010)

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Parboiled rice export procedures: sample drawal and bond submission suspended while RMS instructions remain applicable.
Drawal of samples and submission of a bond for goods declared as Parboiled Rice under CTH 10063010 at export is suspended until further orders, while Risk ... Summary

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Acts Income Tax