Clarification regarding requirement of filing SOFTEX forms with respect to invoices raised by one Special Economic Zone ('SEZ') unit to other SEZ unit...
Export Data Processing and Monitoring System (EDPMS) & Import Data Processing and Monitoring System (IDPMS) – reconciliation of export /import entri...
Electronic filing and Issuance of Preferential Certificate of Origin (CoO) under India-European Free Trade Association Trade and Economic Partnership ...
Extension of timeline for implementation of SEBI Circular dated February 04, 2025 on ‘Safer participation of retail investors in Algorithmic trading...
Clarification on Basic duty structure on import through Post office and Courier.
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Customs duty structure clarified for post and courier imports, distinguishing personal, gift, and B2B consignments. For CTH 9804, goods for personal use not prohibited by import law attract Basic Customs Duty, Social Welfare Surcharge and IGST; duty concession applies where commercial transaction is involved, with a specified combined duty percentage of assessable value. Consignments imported as gifts are subject to a higher combined duty rate due to an increased Basic Customs Duty component and resultant IGST calculation. B2B consignments are assessed as per tariff. For CTH 49011010 (printed books) a reduced Basic Customs Duty applies and SWS and IGST are nil.
Implementation of the Sea Cargo Manifest and Transhipment Regulations (SCMTR)
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Sea Cargo Manifest and Transhipment Regulations require electronic filing of correct arrival and departure messages and stakeholder outreach. Sea Cargo Manifest and Transhipment Regulations implementation mandates phased operationalisation of electronic SCMTR messages, with SAM, SEI and SDM live and SF piloted; remaining messages to be operationalised by the systems directorate. Transitional provisions are extended, but stakeholders must file correct electronic declarations in the prescribed format in compliance with the Customs Act and SCMTR 2018. Chief Commissioners, in coordination with DG Systems, must conduct weekly outreach, publish notices, and report implementation difficulties to the Board.
Clarification regarding requirement of filing SOFTEX forms with respect to invoices raised by one Special Economic Zone ('SEZ') unit to other SEZ unit and a unit located in Domestic Tariff Area ('DTA unit')
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SOFTEX filing requirement clarified: SEZ to SEZ and DTA to SEZ service transactions are not subject to FEMA reporting. Transactions between SEZ units, and transactions from DTA units to SEZ units for export of services, are not subject to FEMA and therefore do not require declaration in EDF or filing of SOFTEX forms; this position is issued in consultation with the Reserve Bank of India and approved by the competent authority.
Auto-approval of Incentive Bank Account and IFSC Code Registration requests across all customs locations
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Auto-approval of incentive bank account registrations enables system-granted cross-port IFSC acceptance and PFMS validation. The system will automatically approve registration requests for the same Incentive Bank Account and IFSC Code for an Importer Exporter Code (IEC) at different customs locations if that identical account-IFSC combination has already been approved at any one customs location. Submission workflow remains unchanged, approvals in these cases bypass port officer manual routing, and once approved by the system the request will be sent to PFMS for validation as per existing process.
Single Unified Multi-Purpose Electronic Bond in Customs-Ekal Anubandh.
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Unified electronic customs bonds enable automated execution, officer review, electronic signing, and bank guarantee linkage through digital systems. The Single Unified Multi-Purpose Electronic Bond framework enables importers, exporters and customs brokers to execute an all-India electronic bond and link an electronic bank guarantee through ICEGATE and NeSL. Users submit entity, bond scenario, supporting-document and authorised-signatory details, complete Aadhaar validation, and undergo Customs officer scrutiny before stamp-duty payment and Aadhaar-based electronic signing. The system supports multiple prescribed Customs bond scenarios, tracks application status, and permits integrated-bank electronic guarantees to be linked to electronic or physical bonds after validation of applicant and bond-reference details.
System-Based Risk Scoring and Provisional Refund Mechanism for Zero-Rated and Inverted Duty Structure Claims (Effective 01.10.2025)
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GST provisional refunds for zero-rated and inverted duty claims: 90% may be sanctioned based on system risk score. Refund applications classified as low-risk by the system shall have 90% of the claimed refund sanctioned provisionally, with issuance of FORM GST RFD-02/RFD-03 and adherence to extant timelines. Non-low-risk cases require detailed scrutiny and no provisional sanction. The officer may, for recorded reasons, proceed to examination under rule 92 instead of provisional grant; statutory conditions including non-eligibility under section 54(6) and requirements of rule 91(1) remain applicable. The risk-based provisional refund regime applies to claims filed on or after 01.10.2025 and is extended as an interim measure to inverted duty structure claims.
Provisional sanction of refund claims on the basis of identification and evaluation of risk by the system
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Provisional refund sanctioning based on system risk scoring allows conditional provisional payouts with officer discretion and recovery mechanisms. Refund applications classified as low-risk by the system shall have a significant portion of the claimed refund sanctioned provisionally, subject to existing FORM issuance timelines; the proper officer may, with reasons recorded in writing, refuse provisional sanction and undertake detailed examination. Notified categories are excluded from provisional refunds and statutory eligibility conditions remain applicable. If provisional sanctioning exceeds the finally admissible amount, the officer shall issue a show cause notice and recover the excess under the prescribed refund and demand provisions. The risk-based provisional regime applies to applications filed on or after the effective date, with an interim similar treatment for inverted duty structure claims.
Extension of Annual RoDTEP filing deadline allows late-November compliance with composition fee requirement under Foreign Trade Policy provisions. Extension of the last date for filing the Annual RoDTEP Return for FY 2023-24 is authorised under paragraph 1.03 and 2.04 of the Foreign Trade Policy, 2023; the filing may be made with a composition fee of Rs 10,000 until 30.11.2025, replacing the earlier deadline to facilitate export promotion and ease of doing business.
International Trade Settlement in Indian Rupees (INR)
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Special Rupee Vostro account investment permitted in Indian corporate bonds and commercial paper under prescribed guidelines. AD banks may invest surplus balances in Special Rupee Vostro Accounts in non convertible debentures/bonds and commercial paper issued by Indian companies, in terms of the guidelines and limits prescribed in the referenced AP DIR circular, with immediate effect; the instruction is issued under sections 10(4) and 11(1) of FEMA and without prejudice to other statutory permissions.
Investment in Corporate Debt Securities by Persons Resident Outside India through Special Rupee Vostro account
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Special Rupee Vostro Account balances may be invested in Indian corporate debt and commercial paper under General Route limits. SRVA holders may invest rupee surplus balances in non-convertible debentures/bonds and commercial papers issued by Indian companies; such investments shall be reckoned under the corporate debt investment limit under the General Route. These investments are subject to General Route investment limits and stipulations applicable to FPI investments, except that the minimum residual maturity and issue wise limits do not apply under the SRVA route. SRVA holders and AD Category I banks bear primary responsibility for compliance; AD Category I banks must facilitate separate demat accounts and report transactions to depositories. The amendments have immediate effect.
Withdrawal of circular No. 212/6/2024-GST dated 26th June, 2024 - Related to Reversal of ITC corresponding to Discount.
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Withdrawal of circular ends prescribed procedure for evidence of compliance with Section 15(3)(b)(ii), prompting trade notices. The Board has withdrawn Circular No. 212/6/2024-GST, rescinding the previously prescribed procedure for providing evidence of compliance with Section 15(3)(b)(ii) regarding reversal of input tax credit for discounts; trade notices should be issued to publicize the withdrawal and any implementation difficulties reported to the Board.
Amendment to Para 2.35 of the Handbook of Procedures, 2023
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End-user certificates for free and restricted imports may be issued by regional authorities subject to restricted authorisation limits. Regional Authorities are authorised to issue End User Certificates where a foreign government requires certification, using the prescribed appendix format and an application under the designated ANF with required documents. For restricted imports, EUCs may be issued by RAs only for items covered by a valid restricted authorisation granted by the central trade authority and must be limited to the quantity and value specified in that authorisation.
Export Data Processing and Monitoring System (EDPMS) & Import Data Processing and Monitoring System (IDPMS) – reconciliation of export /import entries – Review of Guidelines
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EDPMS/IDPMS reconciliation: permit declaration-based closure of small-value export/import entries and accept consolidated quarterly declarations without penal charges. AD banks may reconcile and close EDPMS and IDPMS entries for small-value export/import bills based on exporter or importer declarations that proceeds have been realised or payments made; value reductions may be accepted and declarations may be consolidated quarterly for bulk reconciliation. Banks must review handling charges to ensure they are commensurate and must not levy penal charges for regulatory delays; the changes take immediate effect and the master directions will be updated under the foreign exchange law.
Merchanting Trade Transactions (MTT) – Review of time period for outlay of foreign exchange
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Merchanting trade timeframe extended for foreign exchange outlay, easing management of merchanting transactions under FEMA. The period for outlay of foreign exchange in Merchanting Trade Transactions has been increased to a six month window to facilitate efficient management; all other directions, including commencement and completion definitions based on shipment/export receipt and import payment, remain unchanged. The change is effective immediately for Authorised Dealer Category I banks and is issued under the Foreign Exchange Management Act without prejudice to other statutory permissions.
Electronic filing and Issuance of Preferential Certificate of Origin (CoO) under India-European Free Trade Association Trade and Economic Partnership Agreement (India-EFTA TPA) with effect from October 01, 2025
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Electronic Certificate of Origin issuance: preferential eCOO rollout enabling self declaration and agency issuance on unified trade platform. Preferential electronic Certificates of Origin (eCOO) under India-EFTA TEPA will be issued on the Trade Connect ePlatform by either self declaration or authorised agency. Self declaration requires an IEC linked Digital Signature (DSC) and scanned ink signature upload; applications auto map jurisdictional authority, appear as "Auto Approved Pending Issuance", and allow generation of digitally signed electronic and printable physical copies with QR codes. Agency issuance uses notified agencies to approve and generate electronic copies bearing issuing officer signature images and agency stamps. Authenticity is verifiable via QR code or the platform's verify function.
Extension of timeline for implementation of SEBI Circular dated February 04, 2025 on ‘Safer participation of retail investors in Algorithmic trading’
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Algorithmic trading compliance: glide path set for brokers to implement retail API based algo framework, with onboarding restrictions for non compliance. SEBI extended the implementation timeline for its February 4, 2025 circular on algorithmic trading, allowing ready brokers to go live from October 1, 2025 and imposing a three milestone glide path-API registration of at least one retail algo strategy by October 31, broader registrations by November 30, and mandatory participation in a full mock session by January 3, 2026-with exchanges to monitor compliance and barring non compliant brokers from onboarding new retail API algo clients thereafter.
Clarification regarding timely submission of application for renewal of registration certificate under the Foreign Contribution (Regulation) Act, 2010
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Foreign contribution registration: submit renewal applications at least four months before expiry to avoid suspension of receipts. Holders must apply for renewal within six months before certificate expiry, submitting applications electronically in the prescribed form with affidavits in Proforma 'AA'; late submissions hinder scrutiny and security inputs, causing certificates to lapse and preventing receipt or utilisation of foreign contribution while renewal is pending. Associations are advised to submit renewal applications not later than four months before expiry to allow adequate time for review and timely disposal.
Amendment in Notification no. KA.NI.-1112/XI-9(57)/17-UP.Act5-2008-Order(34)-2017 dated 10-08-2017
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Taxability of natural gas: revised VAT rates and Form-D applicability clarified for industrial users under state law. Following State amendments, the applicability of Form D for natural gas other than CNG has been terminated and taxability is governed by the revised Schedule 4 classifications distinguishing supplies for chemical fertilizer manufacture, other industrial manufacturing uses, and other natural gases; assessing officers must complete assessments only after obtaining all required proofs under this legal position.
General instructions for faster assessment and clearance of the goods in Faceless Assessment
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Faceless assessment: importers must upload and link complete supporting documents in eSanchit to expedite clearance. Importers must self-assess duty liability and upload legible supporting documents in eSanchit, properly linked by tagging IRNs to the relevant Bill of Entry. Include catalogue/technical literature, value-supporting papers, manufacturer details for antidumping, clear product parameters for electrical components, correct generic descriptions, and required registrations/certificates (BIS, MTCTE, WPC, LMPC, EPR) before filing. Select correct document codes, reply exhaustively to queries with IRNs, and state reasons when opting for provisional assessment under Section 18. The listed required documents for Group 5ACM are illustrative and not exhaustive.
Extension of time for filing e-form DIR-3-KYC and web-form DIR3-KYC-WEB without fee upto 15.10.2025 - KYC of Directors
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Extension of director KYC filing deadline allows submission of DIR-3-KYC forms without fee until mid-October. The Ministry of Corporate Affairs permits filing of e-form DIR-3-KYC and web-form DIR-3-KYC-WEB without payment of the filing fee up to 15 October 2025, extending the fee-free window in response to stakeholder requests and authorised by the competent authority.
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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