Relaxation from the applicability of SEBI Master Circular for compliance with the provisions of the SEBI (Listing Obligations and Disclosure Requireme...
International Transhipment of FCL/LCL cargo from all Ports/Airports in view of disruption in maritime routes due to closure of the Strait of Hormuz un...
Declaration of IWAI BISN (British India Steam Navigation) Jetty, Kolkata as "Customs Area" under Section 8 of Customs Act, 1962 for loading of fly ash...
Implementation of mandatory use of Body Worn Cameras (BWC) during physical examination of import and export cargo at Inland Container Depots (ICDs) un...
Removal of Old-Customs Passes issued under the category F,G,H to the Customs Brokers and 'Self Category Custom Passes' issued to IEC holders and Issua...
International Transshipment of FCL/LCL cargo from all Ports/Airports, in view of disruption in maritime routes due to closure of the Strait of Hormuz ...
Relaxation from the applicability of SEBI Master Circular for compliance with the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on non-compliance with the Minimum Public Shareholding (MPS) requirements
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Minimum public shareholding relaxation suspends penal action for listed entities facing compliance deadlines during the specified period. One-time relaxation from penal provisions under the SEBI Master Circular is granted for listed entities that fail to meet minimum public shareholding requirements where the due date for compliance falls between 1 April 2026 and 30 September 2026. Recognised stock exchanges and depositories are directed not to initiate penal action, including levy of fines and freezing of promoter shareholding, and any penal action already initiated for non-compliance during that period may be withdrawn. The relaxation takes effect immediately, and stock exchanges must notify listed entities and implement necessary amendments.
One-time relaxation with respect to validity of SEBI Observations
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SEBI observation letter validity relaxation extends expiry dates for public issue filings subject to lead manager undertaking. SEBI has granted a one-time relaxation extending the validity of observation letters expiring between 1 April 2026 and 30 September 2026 up to 30 September 2026. The extension applies subject to an undertaking from the lead manager confirming compliance with Schedule XVI of the ICDR Regulations while submitting the updated offer document to the Board. The circular takes immediate effect and operates within the framework governing the opening of public issues after SEBI observations.
Amendments to Para 2.90 of Handbook of Procedures 2023
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Certificates of Origin must be issued only through the designated electronic platform; manual issuance is prohibited. Certificates of Origin (CoO) are instruments evidencing the origin of goods imported into any country and are classified as preferential and non-preferential. The list of authorised agencies empowered to issue CoOs is notified in the relevant appendices. Authorised agencies must accept applications and issue CoOs only through the designated electronic platform specified by the Directorate General of Foreign Trade; manual issuance outside the platform is prohibited and may lead to revocation of authorisation.
International Transhipment of FCL/LCL cargo from all Ports/Airports in view of disruption in maritime routes due to closure of the Strait of Hormuz under Section143AA of the Customs Act, 1962
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International transhipment of FCL and LCL cargo is permitted nationwide, with priority Customs clearance and controlled movement between stations. International transhipment of FCL and LCL cargo is permitted from all seaports and international airports, including movement through other Customs stations, subject to the Customs Act, 1962 and applicable procedures. Prior consent is required for movement between Customs stations, with verification of storage, infrastructure and supervision arrangements, and cargo movement remains under Customs control. Custodians must ensure safe custody, accounting and reporting. The notice also provides temporary facilitation for certain cargo lying at gateway ports and export cargo cleared at ICDs, with electronic processing to reduce delay.
Minutes for the 138th meeting of the Board of Approval for Special Economic Zones (SEZs) to be held on 23rd March, 2026
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SEZ governance and approvals: Board extends approval validity, allows area changes, de-notification, and processing-area conversions. The Board of Approval for Special Economic Zones ratified the previous minutes, extended a unit's Letter of Approval for one year, approved an increase in development rights and land area for an existing co-developer, permitted partial de-notification of SEZ land containing a hotel, and allowed multiple conversions of processing built-up area into Non-Processing Area under Rule 11B after repayment of duty benefits and issuance of no-dues certificates. It also approved amalgamation of two adjoining SEZs into one multi-sector SEZ, subject to stricter existing conditions, and remanded an appeal against cancellation of a unit's Letter of Approval for fresh decision after hearing.
Functioning of Goods and Services Tax Appellate Tribunal(GSTAT), Agra Bench
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GST Appellate Tribunal functioning and e-filing guidance issued for Agra Bench jurisdiction and appeal filings. The GSTAT, Agra Bench is functioning from its temporary address and will shortly shift to its permanent address in Sikandara, Agra. Its jurisdiction covers 15 districts of Uttar Pradesh, and it is presently accepting filings and hearings in appeals under section 112 of the CGST Act, 2017 and other relevant provisions of the CGST Act, 2017 and the Uttar Pradesh Goods and Service Tax Act, 2017, subject to the GSTAT (Procedure) Rules, 2025.
Limits for investment in debt and sale of Credit Default Swaps by Foreign Portfolio Investors (FPIs)
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Foreign portfolio investment debt limits remain unchanged for government securities, state securities and corporate bonds in the new financial year. Limits for foreign portfolio investment in debt instruments for financial year 2026-27 are maintained at 6 per cent for Government Securities, 2 per cent for State Government Securities and 15 per cent for corporate bonds under the General Route. The incremental increase in the G-Sec limit continues to be split equally between the General and Long-term sub-categories, while the entire increase in SGS limits is allocated to the General sub-category. Investments in specified securities are to be reckoned under the Fully Accessible Route, and all existing and future investments under the Voluntary Retention Route are brought within the investment limits applicable to FPI investment under the General Route from April 01, 2026.
Waiver of charges for late filing of Bill of Entry
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Late Bill of Entry filing charges may be waived where documented reasons establish sufficient cause for delay. Late filing of a Bill of Entry at a customs airport attracts prescribed charges unless sufficient cause for delay is established. Charges are capped at the duty payable on the relevant Bill of Entry, or at the prescribed ceiling where duty or other charges are not payable. The designated proper officer may waive charges upon a documented request by the importer or customs broker, supported by evidence of the cause of delay, including ICEGATE-related records where applicable. The electronic waiver facility operates separately from assessment and must be used before duty payment with approval.
Declaration of IWAI BISN (British India Steam Navigation) Jetty, Kolkata as "Customs Area" under Section 8 of Customs Act, 1962 for loading of fly ash, granulated slag & Gypsum only for export to Bangladesh through riverine protocol routes
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Customs area declaration for IWAI BISN Jetty continues for export loading, with pollution clearance required before fly ash handling. Declaration of IWAI BISN Jetty, Kolkata as a customs area was continued for loading fly ash, granulated slag and gypsum for export to Bangladesh through riverine protocol routes. The validity of the earlier public notice was extended for five years from 01.04.2026 to 31.03.2031, and exporters were required to produce NOC/CTO from WBPCB before loading fly ash.
Implementation of mandatory use of Body Worn Cameras (BWC) during physical examination of import and export cargo at Inland Container Depots (ICDs) under Chennai-II (Import) Commissionerate with effect from 01.04.2026 – cooperation of trade requested
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Body worn camera recording for customs cargo examinations begins to support transparency, accountability, and orderly trade cooperation. Mandatory use of Body Worn Cameras by Customs Examining Officers during physical examination of import and export cargo at Inland Container Depots under Chennai-II (Import) Commissionerate is implemented with effect from 01.04.2026. All examinations on and after that date are to be recorded from the opening of packages or containers through completion of examination, including interactions with the importer, exporter or authorised representative. At the commencement of each examination, the Officer must make a brief recorded statement identifying the relevant cargo details and the attending representative.
Functioning of Goods & Services Tax Appellate Tribunal (GSTAT), Delhi State Bench
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GST Appellate Tribunal jurisdiction and filing procedure for Delhi State Bench begin with new operational notice. The Goods and Services Tax Appellate Tribunal (GSTAT), Delhi State Bench has commenced operations from a temporary address in New Delhi and exercises jurisdiction over all districts in the Union Territory of NCT, Delhi. Appeals and related proceedings from that jurisdiction are to be instituted before the Delhi State Bench under the Central Goods and Services Tax Act, 2017 and the relevant State Goods and Services Tax Act. Filing must comply with the Goods and Services Tax Appellate Tribunal (Procedure) Rules, 2025 and related administrative directions.
Removal of Old-Customs Passes issued under the category F,G,H to the Customs Brokers and 'Self Category Custom Passes' issued to IEC holders and Issuance of Digitally Verifiable New Customs Passes through the Customs Brokers Licensing Management System (CBLMS) online portal
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QR Code Customs Passes replace old physical passes, with online issuance, renewal, and authentication through the CBLMS portal. Digitally verifiable QR Code-enabled Customs Passes are introduced through the CBLMS portal to replace old physical passes used by Customs Brokers, employees and IEC holders under the self-category framework. Customs Brokers and authorised employees holding F, G and H category passes, as well as importers and exporters holding self-category passes, are advised to apply online for issuance or renewal after surrendering existing passes. Manual non-QR self-category passes and F, G and H passes are to be treated as invalid from specified cut-off dates, and QR Code passes are to be displayed and authenticated at Customs formations.
Introduction of system-based e-Scheduling for examination of cargo
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System-based e-Scheduling for cargo examination introduces transparent online scheduling, rescheduling, and status tracking for imported goods. System-based e-Scheduling is introduced for examination of imported cargo through ICEGATE 2.0 to improve transparency, efficiency and certainty in the physical examination process. Importers, IEC holders and authorised Customs Brokers may electronically schedule, view and reschedule examination of registered imported goods, with automated notifications to officers and custodians. Examination slots are allocated by the system based on availability, while rescheduling, holding or removal from the schedule is permitted only by the Assistant/Deputy Commissioner with recorded reasons. All stakeholders are required to use the module.
International Transshipment of FCL/LCL cargo from all Ports/Airports, in view of disruption in maritime routes due to closure of the Strait of Hormuz Section 143AA of the Customs Act, 1962
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Transshipment of foreign cargo: customs clearance process set for Mundra amid disrupted maritime routes and bond verification Permission framework for international transshipment of FCL/LCL cargo between Mundra and other customs stations is prescribed in light of disruption in maritime routes caused by closure of the Strait of Hormuz. Requests for movement of foreign transhipment cargo are to be made to the Docks Preventive Section, Customs Commissionerate, Mundra, together with the shipping line or agent's letter, copy of the Master Bill of Lading bearing seal numbers for containerized cargo, and the transhipment bond with insurance. The submitted particulars are to be verified and electronically transmitted between nodal officers, with additional confirmation on storage, infrastructure, and operational readiness before movement is permitted.
Amendment in bond value executed by M/s FedEx Express Transportation and Supply Chain Services India Private Limited
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Transshipment bond conditions updated for enhanced bond value, validity, and bank guarantee waiver under customs procedure. Amendment in the transshipment bond conditions modifies the bond value stated in the earlier public notice for transshipment permission granted to M/s FedEx Express Transportation and Supply Chain Services India Private Limited. The notice records execution of an appropriate transshipment bond valid up to 31.12.2028 for compliance with the Customs Act, 1962, the relevant customs circulars, and other applicable rules, regulations, notifications and instructions, and notes waiver from furnishing bank guarantee. All other terms and conditions remain unchanged.
Memorandum of Instructions governing money changing activities – Location of Forex Counters in International Airports in India
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Forex counter regulation allows exchange of Indian Rupee notes by residents and non-residents at international airport departure halls. Foreign exchange counters in international airports may accept exchange of Indian Rupee notes from residents as well as non-residents at departure halls in the Duty-Free Area or Security Hold Area beyond the Immigration or Customs desk. The instruction revises the existing framework governing money changing activities in airports and requires the Master Direction on Money Changing Activities to be amended accordingly.
Special drive for expeditious issuance of EODCs under Advance Authorisation (AA) and EPCG Schemes - extension up to May 31, 2026
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Export obligation discharge certificates drive extended to clear old Advance Authorisation and EPCG pending cases Special drive for expeditious issuance of Export Obligation Discharge Certificates under the Advance Authorisation and EPCG schemes has been extended from 1 April 2026 to 31 May 2026. The extended drive prioritises older pending applications, long-deficient cases, and matters delayed for want of complete documents or clarification from authorisation holders. Trade and authorisation holders are advised to furnish outstanding documents promptly and respond within prescribed timelines. Regional Authorities must adopt an age-wise pendency clearance strategy.
Mandatory use of Body Worn Cameras (BWC) during examination of Import cargo
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Mandatory body camera recording for import cargo examinations strengthens transparency, audit trails and preservation of evidence in Customs processes. Mandatory Body Worn Camera use is required for Customs officers conducting physical examination of import cargo to create a transparent and auditable examination record and minimise disputes. Recording must start before packages or containers are opened and continue through completion, covering goods examination, stakeholder interactions, seal condition, opening, verification of description and quantity, and sampling where required. Interruptions must be recorded with reasons. Recordings must be securely retained for two years, or until final disposal where linked to investigation, dispute or litigation.
Valuation Standards for the purpose of valuation conducted under the Insolvency and Bankruptcy Code, 2016
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International Valuation Standards notified for insolvency valuations under the Code across resolution, liquidation, and bankruptcy processes. The Insolvency and Bankruptcy Board of India notifies International Valuation Standards issued by the International Valuation Standards Council as the applicable valuation standards for all valuations conducted under the Insolvency and Bankruptcy Code, 2016 and the regulations made thereunder. The circular applies to corporate insolvency resolution, liquidation, voluntary liquidation, pre-packaged insolvency resolution, and bankruptcy of personal guarantors, and remains effective from the date of issue until further orders.
Functioning of Goods and Services Tax Appellate Tribunal, Chennai Bench
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Goods and Services Tax Appellate Tribunal functioning notice sets Chennai Bench jurisdiction, filing procedure, and e-filing support framework. The Chennai Bench of the Goods and Services Tax Appellate Tribunal has commenced operations at its temporary office in Chennai and will exercise jurisdiction over specified districts in Tamil Nadu. All appeals, applications and related proceedings within this jurisdiction are to be instituted before the Chennai Bench in accordance with the Goods and Services Tax Appellate Tribunal (Procedure) Rules, 2025 and other applicable directions. The GSTAT portal also provides the e-filing advisory, procedure rules, presidential orders and filing support through helpline and help-centre facilities.
GST registration verification tightened with mandatory physical checks, risk-based scrutiny, and measures against non-genuine taxpayers. Strengthening GST registration verification under the UPGST Act, 2017 is directed by requiring enhanced scrutiny of registration applications, mandatory ... Summary
GST registration verification tightened with mandatory physical checks, risk-based scrutiny, and measures against non-genuine taxpayers.
Strengthening GST registration verification under the UPGST Act, 2017 is directed by requiring enhanced scrutiny of registration applications, mandatory cross-verification of identity, address, PAN, mobile number, email, third-party data and risk-score inputs, and strict jurisdictional transfer of applications where necessary. Assistant Commissioners must examine documents carefully and process applications within the prescribed time limits while treating repeated identifiers, cancelled registrations, PDS/DBT status and other red flags with heightened caution. All new GST registrations are to undergo mandatory physical verification through the UPGST Field Visit App or GSTN Tax Officer App immediately after registration, with selfie-based geo-tagged verification, interview of the registrant, comparison of uploaded documents with originals, and prompt action on adverse reports. Newly registered firms must also be monitored through scrutiny of early returns, e-way bill consistency, bank account validation, risk scoring, six-month re-verification, witness statements, stock and business activity checks, chain analysis of beneficiaries, and mandatory feeding of NGTP data on the NGTP portal. The circular also requires structured training in cybersecurity, cyber audit, forensic examination, GSTN AI and analytics tools, and identification of NGTP indicators, with APAR consequences for non-participation or non-use of analytics tools. Timely verification failures may attract disciplinary action, while Joint Commissioners (Executive), Zonal Additional Commissioners and Deputy Commissioners are assigned monthly reporting, monitoring and review responsibilities.
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