Loading...

⚠ ✕
❮ Top
☎ Help
☰
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback✕

Contact Us At :

✉ E-mail: [email protected]

✆ Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search ✕
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
╳
Add to...
You have not created any category. Kindly create one to bookmark this item!
✕
Create New Category
Hide
Title :
Description :
❮❮ Hide
❮ Default View
Expand ❯❯
Close ✕
🔎 Filters / Advanced Search ❯
TEXT

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In
Main Text + AI Text ❯
  • Main Text
  • Main Text + AI Text
  • AI Text
  • Title Only
Law:
---- All Laws---- ❯
  • ---- All Laws----
  • Income Tax
  • Central GST Laws
  • SGST - State GST Laws
  • Customs
  • FTP - Foreign Trade Policy
  • SEZ - Special Economic Zone
  • FEMA - Foreign Exchange Management
  • Companies Law
  • SEBI - Securities & Exchange Board of India
  • IBC - Insolvency and Bankruptcy
  • LLP - Limited Liability Partnership
  • Trust and Society
  • PMLA - Money-Laundering
  • Indian Laws
  • Service Tax
  • Central Excise
  • DVAT - Delhi Value Added Tax
  • Reserve Bank of India
Year: ?
Publishing Year
---- All Years ---- ❯
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
  • 2001
  • 2000
  • 1999
  • 1998
  • 1997
  • 1996
  • 1995
  • 1994
  • 1993
  • 1992
  • 1991
  • 1990
  • 1989
  • 1988
  • 1987
  • 1986
  • 1985
  • 1984
  • 1983
  • 1982
  • 1981
  • 1980
  • 1979
  • 1978
  • 1977
  • 1976
  • 1975
  • 1974
  • 1973
  • 1972
  • 1971
  • 1970
  • 1969
  • 1968
  • 1967
  • 1966
  • 1965
  • 1964
  • 1963
  • 1962
  • 1961
  • 1960
  • 1959
  • 1958
  • 1957
  • 1956
  • 1955
  • 1954
  • 1953
  • 1952
  • 1951
  • 1950
  • 1949
  • 1948
  • 1947
  • 1946
  • 1945
  • 1944
  • 1943
  • 1942
  • 1941
  • 1940
  • 1939
  • 1938
  • 1937
  • 1936
  • 1935
From Date:
To Date:
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
☰   Show Results ❯
❮
❯
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

Circulars
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
Standard Operating Procedure (SOP) in connection with the forthcoming General Elections to the West Bengal Legislative Assembly, 2026
Show AI Summary
Election period preventive vigilance: mandatory seizure reporting and district upload into the CVIGIL system for prompt action.
The SOP requires Kolkata Customs Zone to implement election period preventive vigilance under CBIC Instruction No. 22/2023: nominate State, sub nodal and district nodal officers; operate a central Control Room and Response Teams; prevent diversion of liquor, cigarettes and contraband; and treat seizures that may induce voters as election seizures. Sub nodal officers must relay seizure information daily to district nodal officers, who are required to upload details into the CVIGIL application on the same day, following the prescribed district wise workflow and ECI directions.
Stepping Up Preventive Vigilance Mechanism by CBIC to Prevent Flow of suspicious cash, illicit liquor, drugs/narcotics, freebies and smuggled goods during elections
Show AI Summary
Preventive vigilance to curb illicit cash and smuggled goods during elections, with mandatory reporting and nodal coordination.
CBIC field formations must step up preventive vigilance to stop unaccounted cash, non-monetary inducements and smuggled or illicit goods during elections; maintain surveillance over consignments, baggage, courier and cargo for abnormal large-volume shipments; and report daily seizures and significant developments to nominated Nodal Officers in the prescribed format, immediately notify major or highly sensitive incidents, and communicate the cost of goods linked to canvassing, with supervisory accountability for lapses.
Valuation of imported Second hand (Old & Used) Machinery - Clarification in respect of Public Notice No. 17/2022-23 dated 30.03.2023.
Show AI Summary
Chartered Engineer Selection governs technical certification of imported used machinery, requiring expertise aligned with the goods' engineering class.
Imported second-hand, old and used machinery requires technical certification by a qualified Chartered Engineer competent in the engineering field related to the goods. Importers and Customs Brokers may select any empanelled Chartered Engineer with relevant specialisation or expertise for the class or type of imported goods. Determination of a machine's age is an engineering exercise requiring a qualified engineer, and selection should be exercised carefully to avoid rejection of certification.
Regulatory Reporting by AIFs
Show AI Summary
Regulatory reporting by AIFs now requires an annual comprehensive SI Portal filing with reduced limited quarterly returns for streamlined compliance.
AIFs must submit a comprehensive Annual Activity Report on the SEBI Intermediary Portal within thirty calendar days of the financial year end, and a reduced Quarterly Activity Report in a revised format within fifteen calendar days of each quarter (excluding the March quarter, which is covered by the annual report). Revised reporting formats will be published by the AIF Standards Forum/industry association, which will assist AIFs in implementing the changed reporting requirements; the circular supersedes prior Master Circular provisions and is effective immediately.
Guidelines for Custodians
Show AI Summary
Custodian governance and operational requirements strengthened: segregation of services, risk management, BCP and reporting streamlined.
SEBI prescribes that custodians (except banks or their affiliates) segregate SEBI-regulated activities into separate Strategic Business Units with arm's-length accounting and exclusion from net worth calculation, disclose and obtain client acknowledgement for unregulated services, and implement controls when sharing resources. Custodians must adopt board-level governance, an annually reviewed risk management policy with a designated senior risk officer and STR measures, maintain scalable IT capacity and a Business Continuity Plan with geographically or seismically separated DR sites, and implement orderly wind-down arrangements to ensure client portability.
Operationalisation of Inter-Ministerial Group (IMG) for Supply Chain Resilience.
Show AI Summary
Supply chain resilience group operationalised to monitor disruptions and coordinate mitigation with stakeholders and agencies.
Operationalisation of Inter-Ministerial Group (IMG) for Supply Chain Resilience establishes a Department of Commerce coordination mechanism to monitor global developments affecting supply chains, assess sector-wise export and critical import vulnerabilities, facilitate inter-ministerial coordination, engage stakeholders including Export Promotion Councils, recommend mitigation measures, and receive reports of specific disruptions through a designated DGFT email for consolidation and monitoring.
Implementation of ICES Advisory No. 65/2025 dated 16.12.2025 – Revision of Bills of Entry post-clearance under Section 18A of the Customs Act, 1962
Show AI Summary
Voluntary post-clearance Bill of Entry revision is enabled electronically, with risk-based review and refund workflow integration.
Voluntary post-clearance revision of Bills of Entry under Section 18A is available through the ICES module. Importers must submit requests on ICEGATE for amendment, deletion or addition of records. Requests undergo Risk Management System treatment and may be facilitated or referred to a Revision Officer, who may approve, query or reject them. Revisions resulting in refund claims are flagged for officer processing and, upon approval, automatically transferred to the Refund Officer under the existing refund workflow.
HOLD Functionality in Exports for Stopping LEO
Show AI Summary
IEC hold prevents grant of Let Export Order until revoked by the site that inserted the hold.
ICES now includes an EXP_HOLD role allowing authorised officers to insert and revoke an IEC-level hold that blocks grant of Let Export Order for all shipping bills pending LEO; the system displays a prohibition message at LEO generation and records the inserting officer and site in SB Enquiry. A corresponding HOLDDRI role permits DRI holds. Revocation is limited to the site that inserted the hold, and holds from both field and DRI roles must be removed before LEO can be granted.
Implementation of Automated Let Export Order (Auto LEO) in ICES
Show AI Summary
Automated Let Export Order enabled - system grants Auto LEO based on risk flag, streamlining export clearance.
Implementation of an Automated Let Export Order (Auto LEO) in ICES enables system-driven grant of LEOs based on a flag from NCTC that supersedes other treatment codes. After shipping bill submission and goods registration, ICES will grant Auto LEO and move the shipping bill to the EGM/stuff queue only if NCTC has selected the shipping bill for Auto LEO. The facility applies to facilitated shipping bills that are not selected for assessment/examination, require no PGA NOC, and have duty/cess paid where applicable.
Facility of Automated Out of Charge (Auto-OoC) for Importers
Show AI Summary
Automated Out of Charge allows release of import consignments when risk-based clearance, assessment and duty payment conditions are satisfied.
Automated Out of Charge (Auto-OoC) is enabled for Bills of Entry assigned Auto-OoC treatment based on risk criteria, provided the BE is not selected for examination, scanning or PGA NOC, assessment is complete, and applicable duty is paid; any officer-imposed hold will override Auto-OoC.
Extension of time period under Deferred Payment of Import Duty Rules, 2016
Show AI Summary
Deferred import duty payment period extended to 30 days, with holidays excluded from due-date and interest calculations.
The deferred payment period for import duty is extended from fifteen days to thirty days for Bills of Entry filed on or after 1 March 2026. The enhanced system excludes public holidays, all Sundays and local notified holidays from due-date and interest calculations. System Managers must annually update local holidays via Holiday Management (ADN role) so the system correctly applies the exclusion. The Public Notice functions as a standing order for Kolkata Customs (Port) and stakeholders are instructed to publicise the change and report issues to EDI/ICEGATE contacts.
Issues observed in filing of SAM under SCMTR and continuation of facility for filing Supplementary IGM amendment prior to grant of Entry Inwards
Show AI Summary
Supplementary IGM amendment under SCMTR extended to allow pre-entry amendments; stakeholders urged to test and adopt compliant messaging.
Continuation of the facility for filing Supplementary IGM amendment prior to grant of Entry Inwards under the Sea Cargo Manifest and Transhipment Regulations is permitted until 31st March, 2026 to allow trade to test amendment scenarios and for activation of the BL Enquiry Module; stakeholders are advised to familiarise with SCMTR-compliant amendments, file messages for smooth clearance (notably Nepal & Bhutan transhipment cargo), and report implementation difficulties to the Deputy/Assistant Commissioner (EDI).
Extension of Deferred Payment of Customs Duty benefits to ‘Eligible Manufacturer Importer’ (EMI)
Show AI Summary
Deferred payment of customs duty extended to eligible manufacturer importers with portal registration and ICEGATE authentication.
The circular extends the deferred payment of Customs import duty to "Eligible Manufacturer Importer" (EMI) from 01.04.2026 until 31.03.2028, governed by the Deferred Payment of Import Duty Rules, 2016. EMIs must meet multi-part eligibility criteria (manufacturer/importer status or job-work arrangement; valid IEC; customs filing footprint; active GST registration with declared manufacturing where applicable; turnover threshold; two years' business continuity; GST compliance; no tax collected but not deposited; solvency certified by a Chartered Accountant; and absence of specified arrests, convictions or prosecutions). Applications are electronic on the AEO portal; approval by DIC, CBIC triggers ICEGATE-based nodal authentication and OTP-enabled Bill of Entry acknowledgement for deferred clearance; non-compliance may lead to suspension or revocation.
Implementation of System-Based E-Scheduling for Import Cargo Examination and Use of Body Worn Cameras (BWC) for examination of imported goods – Reference to CBIC Circular No. 07/2026-Customs dated 01.02.2026
Show AI Summary
System-based cargo examination scheduling and Body Worn Camera recording strengthen transparency, traceability and controlled rescheduling for imported goods examinations.
Customs examination of imported goods will use system-based e-scheduling on ICEGATE 2.0 and Body Worn Cameras during physical examination. Recordings must cover critical examination stages and interactions, be securely retained for two years, and be preserved until final disposal in investigation, dispute or litigation matters. Importers, IEC holders and authorised Customs Brokers may electronically schedule, view and reschedule examinations, while automated notifications support officer allocation and custodial placement of goods. Any rescheduling, hold or removal from the schedule requires recorded and justifiable reasons by the competent officer.
Verification of Principal Place of Business of Taxpayers in cases where GST Registration Welcome Letters sent on the given Address are returned undelivered.
Show AI Summary
Principal-place verification requires prompt field checks, registration correction or cancellation procedures, and post-verification compliance monitoring for undelivered correspondence.
Returned GST registration welcome letters indicating an incorrect, incomplete, or unverifiable address require prompt field verification of the declared principal and additional places of business. Officers must examine registration documents, verify possession and genuineness of the premises, obtain photographs and statements, and determine whether the taxpayer existed at the address when registration was obtained. Fictitious or unverifiable addresses require registration cancellation action through the prescribed procedure, while genuine taxpayers affected by address discrepancies must amend registration particulars. Verification reports must be submitted within thirty days, followed by compliance and input tax credit monitoring.
Revised Norms for appointment of an independent third-party reviewer/ certifier for green debt security
Show AI Summary
Independent third party review required for green debt securities to verify eligibility and be disclosed in offer documents.
SEBI requires issuers to appoint an independent third-party reviewer/ certifier to confirm that issuance of green debt securities meets the regulatory definition and to review processes including project evaluation, selection criteria and eligible project categories. The reviewer must be independent of the issuer and its management, remunerated to avoid conflicts of interest, and have expertise in ESG debt securities. The review scope must be set out in the offer document, reviewer details disclosed, and the external review may take forms such as Second Party Opinion, Verification, Certification, or Scoring/Rating per ICMA guidance.
Transshipment of Cargo by Rail to Nepal under Electronic Cargo Tracking System (ECTS) Regulations, 2019
Show AI Summary
Transshipment of cargo by rail to Nepal now governed by amended ECTS regulations, expanding eligible routes and procedural compliance.
The substituted application provision under the Electronic Cargo Tracking System defines the specific ports and multimodal routes covered for transshipment to Nepal: Kolkata and Haldia to Birgunj by rail; to Batnaha by rail with road onward to Biratnagar; direct rail to Biratnagar; and rail to Jogbani with road onward to Biratnagar. All other transshipment procedures remain governed by the ECTS Regulations as amended, with operational queries directed to the Nepal/Bhutan Unit at the port customs office.
EPCG Scheme - Relief in Average EO in terms of the para 5.17(a) of Hand Book of Procedures (HBP) of FTP, 2023
Show AI Summary
Average Export Obligation reduction for EPCG authorizations where sector exports declined; regional offices to re-fix and endorse.
Regional Authorities must re-fix the Annual Average Export Obligation for EPCG authorisations for 2024-25 proportionate to sectoral export declines identified in the annexed table, endorse any EO reduction in the licence file and issue amendment sheets to authorisation holders. While considering EO discharge requests, Regional Offices must apply prior policy circulars before issuing demand notices or EODC, and include this stipulation in the EODC check-sheet.
Categorization and Rationalization of Mutual Fund Schemes
Show AI Summary
Scheme Categorization: Mutual funds must align scheme names, investment characteristics and portfolio overlap limits to prescribed standards.
Mutual funds must classify schemes into Equity, Debt, Hybrid, Life Cycle and Other Schemes with specified minimum asset allocation thresholds, permitted residual investments, and uniform type-of-scheme descriptions; portfolio overlap limits, methodology for computing overlap, glide-paths for realignment, duration rules for debt schemes, lifecycle glide-path allocations and standardized Fund of Funds categories and nomenclature are mandated, and AMCs must modify scheme nomenclature, objectives and disclosures to comply within prescribed timelines and publish monthly overlap disclosures.
Manner of Valuation of physical Gold and Silver held by mutual fund schemes
Show AI Summary
Valuation of physical gold and silver: mutual funds must use polled spot prices from recognised exchanges for domestic valuation.
Mutual funds shall value physical Gold and Silver by using the polled spot prices published by recognised stock exchanges used for settlement of physically delivered Gold and Silver derivatives contracts; the spot polling mechanism must comply with SEBI's spot polling guidelines and the valuation is subject to the investment valuation norms in the Seventh Schedule. This change takes effect from April 01, 2026 and AMFI, in consultation with SEBI, shall prescribe a uniform implementation policy.

Circulars

Back

All Circulars

Showing Results for :
Reset Filters
No Records Found

Circulars

Back

All Circulars

Public Notice notifying change of location of CFS M/s Hind Terminals Private Limited and notification of Customs Area under Section-45(1) and 141(2) of the Customs Act, 1962 and under Regulation 10 of the HCCAR, 2009

Contents
Circulars
Acts
Rules & Regulations
Summary
Note

Note

-

Bookmark

Print

Print

Customs Cargo Service Provider approval extends to shifted CFS with custodian duties, AEO-linked conditions, and bank guarantee waiver.
Approval is granted for shifting the Container Freight Station of M/s Hind Terminals Private Limited to a new location at Kalambusare Chirner Road, ... Summary

Topics

Acts Income Tax