Annual secretarial compliance report requirement for InvITs mandates practitioner certification and filing with stock exchanges promptly.
The investment manager must appoint a practicing company secretary to examine compliance with applicable SEBI statutes, regulations, circulars and guidelines and prepare an annual secretarial compliance report in the prescribed format. The report must be filed with stock exchanges and annexed to the InvIT's annual report within sixty days of year end, disclose deviations, records maintained, any regulatory actions, and prior observations with actions taken, while stock exchanges will monitor compliance.

REITs must file quarterly and annual governance compliance reports in prescribed Annex formats within specified timelines.
Managers of REITs must submit a Compliance Report on Governance in prescribed Annex formats: Annex I quarterly within twenty-one days of each quarter end, Annex II annually within twenty-one days of the financial year end, and Annex III within three months of the financial year end; reports must be signed by the compliance officer or CEO and are to be filed with stock exchanges and included in the REIT's annual report.

Governance compliance reporting mandatory under SEBI requires quarterly filings in prescribed formats signed by the compliance officer or CEO.
Regulation 26K mandates the investment manager of an InvIT to submit a quarterly compliance report on governance to recognised stock exchanges within twenty-one days of quarter-end, signed by the compliance officer or CEO. SEBI prescribes three formats-Annex I (quarterly), Annex II (annual website and regulatory disclosures), and Annex III (annual affirmations)-detailing board and committee composition, meeting records, affirmations on compliance with InvIT Regulations, website disclosures, and annual attestations. Reports must be filed on time, included in the InvIT's annual report, and will be monitored by stock exchanges; effective from financial year 2023-24.

Compensation cess based on Retail Sale Price per unit; system mandates self declaration and provisional assessment procedures.
Levy of compensation cess is based on Retail Sale Price per unit; provisional assessment is allowed pending the GST Council. Where RSP is not legally required on packaging, RSP for provisional assessment shall be importer self declared, taking account of prices of identical or similar imported goods sold in India. The system requires Single Window declarations (GST, CCESS, RSP, Retail Sale Price, number of units) and will calculate cess as rate x RSP x units. Bills of entry under this notification will be assessed as provisional and a PD bond is required.

Appointment of Adjudicating Authority designates DGGI Adjudication officer to adjudicate specified show cause notices against company units.
In exercise of powers under rule 3(1) Central Excise Rules, 2017 read with clause (e) of sub section (2) of section 174 CGST Act, 2017, the CBIC appoints the Pr. Additional Director General/Additional Director General (Adjudication), DGGI, New Delhi as the Central Excise officer to adjudicate the show cause notices listed in the Table relating to Units 1, 7, 8, 9, 10 and 11 of M/s Vishnu Pouch Packaging Pvt. Ltd., each SCN being answerable to the Commissioner (CGST & CX), Ahmedabad North.

Auditor reporting obligations for fraud require prompt escalation to corporate governance and prescribed filing with the Central Government.
Statutory auditors must report fraud or suspected fraud discovered during an audit by promptly notifying the Board or Audit Committee and, where required, filing the prescribed statement with the Central Government in the specified form if follow-up responses are not received. Auditors must maintain professional scepticism, not be influenced by company legal opinions, and report even when not the first to identify the issue. Resignation does not absolve the duty to report nor prevent regulatory consequences for participation in fraudulent conduct.

SEZ approvals and extensions implemented with conditional terms, tax assessment rights and further due diligence required for some proposals.
The Board acted on SEZ governance matters including extensions of formal and in principle approvals and LoAs, approvals and deferrals of co developer status and area additions, cancellations of co developer status, setting up of new SEZs, renewals and monitoring directives, and conditional grant of an Industrial Licence under the IDR Act. Approvals were made subject to standard SEZ Act and Rules conditions, co developer agreements, DoC instructions on lease periods, area restrictions under SEZ Rules, and the Assessing Officer's right to examine taxability; several proposals were deferred for further due diligence or remanded for hearings.

Advance Authorisation closure procedures allow physical redemption submissions and online EODC status updates; EOP extensions processed physically.
Authorisation holders must submit physical files for redemption and EOP extension to the concerned DGFT Regional Authority, which will examine and process EOP extension applications manually; upon RA approval, holders may submit online Closure/EODC Status Update requests via DGFT website Services Advance Authorisation Annual Advance Authorisation Closure/EODC Status update, and the RA must record any physical correspondence in the portal's correspondence section.

Online Norms Fixation now required for advance authorization applications; physical submissions will not be accepted.
DGFT requires all Norms Fixation and Review of Norms applications for advance authorization to be submitted exclusively via the new online Norms Fixation IT module on the DGFT website; no hard copy or email applications to the Norms Committee will be accepted, and applicants should consult the Help manual, FAQs, or DGFT Helpdesk channels for assistance.

UPI block collateral enables direct client-level settlement and CC debits to secure trading obligations without member custody.
SEBI introduces a supplementary UPI block facility allowing investors to block funds in favour of the clearing corporation for use as cash collateral and settlement without transferring funds to members. The CC will debit these blocks for client-level obligations, settlement follows two pay-in rounds and one pay-out with direct client pay-outs for compliant UPI-block clients, shortages are managed by debiting blocks or devolving residuals to clearing members, and securities collateral remains via pledge/re-pledge of approved instruments.

Waiver of late filing and detention charges for port disruptions due to cyclone, subject to evidentiary production.
Waiver is directed for detention, demurrage and late filing charges arising from the cyclone-related port disruption; Container Freight Stations, Shipping Lines and Terminals are requested to favorably consider waiver for the disruption period, and the late fee for belated Bills of Entry linked to affected containers/vessels is waived subject to production of evidentiary documents.

Amnesty scheme manual application allows exporters to submit hardcopy forms and payment proof for EODC issuance online.
Amnesty scheme applicants may use a stand alone manual form at amnestyscheme.in when authorisation data is missing from DGFT EODC or persistent technical issues prevent online filing. Applicants must print, sign and submit the form to the concerned Regional Authority with supporting documents and a computerised receipt, respond to the RA's confirmation by providing proof of payment to the Jurisdictional Customs Authority, and upon verification the RA may grant the EODC online in the DGFT EODC module; final EODC issuance is through the DGFT online module.

Verification of GST registrations strengthened: risk based scrutiny, document authentication, and mandatory physical verification where necessary.
Officers must promptly scrutinize FORM GST REG 01 and uploaded documents for legibility, completeness and authenticity, cross verify addresses and identity proofs with public sources, and consult DGARM/GSTN risk ratings to apply heightened scrutiny to high risk ARNs and PANs with adverse registration histories; deficiencies must be addressed by electronic notice (FORM GST REG 03), responses examined (FORM GST REG 04), and unsatisfactory or absent replies lead to rejection (FORM GST REG 05). Physical verification is required where Aadhaar authentication is absent or where officers deem it necessary, and registrations granted on deemed approval or in high risk cases must be physically verified without delay.

Deemed approvals in GST registrations expose fraud; strengthen transfer, Aadhaar verification and supervisory reporting to prevent bogus GSTINs.
Deemed approvals and deficient transfer and verification procedures have permitted fraudulent GST registrations. The circular requires transfers of applications within two days with written and telephonic intimation to specified officers, forbids forwarding to disbanded circles/LTUs or retaining new STU registrations, and mandates verification where Aadhaar authentication details mismatch or where prior registrations on the same PAN were cancelled for fraud. It imposes monthly proforma reporting, six month transaction monitoring of new registrants, field verification after deemed approvals, and supervisory review with disciplinary consequences for non compliance.

General Authorization for Export of Drones permits one-time licensing for specified low-capability UAVs with strict eligibility, reporting and compliance.
Amendments create a General Authorization for Export of Drones (GAED) permitting one time SCOMET export authorisations for specified UAVs meeting capability limits, conditional on online ANF 10G application, technical specifications, destination list, signed End Use Certificates in Appendix 10J(i), an undertaking permitting inspections and prohibiting unauthorised use, proof of an Internal Compliance Programme, pre export contractual evidence of permitted end use, quarterly post shipment reporting for three years, five year record retention, and exclusions for military, WMD, sanctioned or proliferation sensitive destinations; GAEDs last three years and may be suspended or revoked for non compliance.

Inclusion of Export Promotion Council for Medical Devices authorizes issuance of RCMC for specified medical device items with immediate effect.
Amendment adds the Export Promotion Council for Medical Devices to Appendix 2T of the Foreign Trade Policy 2023, authorising it to issue Registration Cum Membership Certificates (RCMC) for a detailed list of medical devices and ancillary products. The inserted entry specifies the Council's registered office and an extensive catalogue of items-ranging from disposables and diagnostic kits to imaging apparatus, surgical instruments, implants, protective garments and related parts-covered by its jurisdiction. RCMCs already issued by the previously named council remain valid until their expiry, and the change takes immediate effect.

Examination of export goods extended to two shifts, enabling customs clearances 9 AM-9 PM and registrations till 8 PM.
Examination of export goods at CWC Distripark (Conex) CFS will operate in two shifts with officers available 9 AM-9 PM (shifts 9 AM-5 PM and 1 PM-9 PM) to carry out regular customs clearances for all types of Shipping Bills; shipping bill registration is allowed from 9 AM-8 PM.

Tariff Rate Quota procedures govern Nepalese copper and zinc oxide imports through designated land stations, with electronic allocation and monitoring
The Directorate General of Foreign Trade is responsible for allocating and monitoring Tariff Rate Quota imports under the Revised India-Nepal Treaty. The quotas cover 10,000 metric tonnes of copper products and 2,500 metric tonnes of Zinc Oxide from Nepal. Indian importers must apply online for certificates, provide the Nepalese exporter's TRQ reference, and ensure that the certificate contains importer, Importer-Exporter Code, tariff, quantity and validity details. Authorisations are issued electronically and transmitted to the Indian Customs EDI System. Imports require electronic or endorsed debit, and certificates remain valid for up to 12 months or until the financial year ends.

Maintenance of Call Book pauses adjudication where identical issues are pending on appeal, requiring supervisory transfer and notice.
Maintenance of a call book is required to defer adjudication of Show Cause Notices where identical issues are pending on appeal or where injunctions stay decision-making; SCNs under Sections 73(1) and 74(1) must be transferred with supervisory approval and taxpayers notified. Cases are to be restored to adjudication when controlling grounds cease or appellate decisions attain finality without further approval. Offices must keep a prescribed call book format, update it, and submit to monthly supervisory review, with each file verified rather than relying on statistical abstracts.

Audit Monitoring Committee procedures require deliberation of draft audit reports before issuing final audit reports under GST compliance.
Prescribes that after verification the Audit Division shall prepare a Draft Audit Report (DAR) recording observations, legal provisions and revenue impact and circulate it to zonal, jurisdictional and taxpayer-service officers within specified short timelines. The DAR is forwarded to Audit Headquarters, reviewed by taxpayer services, and deliberated in a monthly Audit Monitoring Committee (AMC) chaired by the Additional Commissioner (Audit). The AMC will assess sustainability of observations, direct further examination if required, and its decisions on settlement of audit objections are final. Minutes must be circulated within seven working days, after which the Deputy Commissioner finalizes the Final Audit Report (FAR) and serves it in FORM GST ADT-02 on the common portal.