Asset freezing under the WMD Act: exchanges and intermediaries must block and report designated parties promptly.
Stock exchanges and registered intermediaries must maintain and update a Designated List, screen clients at onboarding and periodically, and on any match immediately withhold transactions and notify the Chief Nodal Officer with full particulars of funds, financial assets or economic resources involved. They must file Suspicious Transaction Reports with FIU-IND and send copies of such communications to SEBI's Nodal Officer. The CNO will verify reported matches and, if confirmed, issue freezing directions under Section 12A to prohibit making funds or services available to designated persons, with procedures for exemptions and inadvertent freezes.

Use of body worn cameras by boarding officers requires continuous perspective recording during boarding and prior notice to ship.
Boarding officers must wear jackets with a Body Worn Camera positioned to record from the officer's perspective, activate recording upon approaching the gangway, continue uninterrupted during boarding duties until de-boarding, display name and badge, and inform stakeholders in advance; BWCs must be stand alone without Wi Fi or SIM, and vessel Safety Officer endorsements permitting suspension of camera use in unsafe areas must be recorded and escalated for cross verification.

Body worn camera requirement for boarding officers mandates continuous recording from gangway approach until deboarding, with safety exceptions.
Vessel boarding officers must wear jackets fitted with a Body Worn Camera mounted on the right-side pocket and record from approach to the gangway until deboarding, notifying persons being recorded. Shipping agents must be informed in advance. The BWC is stand-alone without connectivity; use may be suspended in areas deemed unsafe by the vessel Safety Officer with endorsement and escalation to Assistant/Deputy Commissioner (Boarding) and Joint/Additional Commissioner (Boarding).

Online AEO LO registration required: portal mandatory from May, enabling real time monitoring and digital certification.
Version 3.0 of the AEO web application mandates that applicants who submitted physical AEO LO documents register on the portal and upload requisite annexures; uploaded applications can be monitored in real time via a dashboard and deficiencies addressed by online upload of additional documents. A transitional period allows physical filing without registration until 30 April 2023, after which portal registration becomes mandatory for AEO certification; applications filed before 11 April 2023 may remain manual unless migration is requested.

SEZ approvals: extensions, co developer recognitions and conditional area and sector changes subject to SEZ Rules compliance.
The Board approved time limited extensions of formal approvals and LoAs for developers and units under the SEZ Act and Rules, granted co developer status for specified infrastructure and leasing activities subject to standard terms and assessing officer scrutiny of taxability, authorised a conditional area increase and sector change to multi sector SEZ status contingent on statutory land and processing requirements, and addressed miscellaneous compliance, environmental import and partial surrender matters with directions for DCs to verify legal, financial and procedural conditions.

Seizure of foreign cigarettes: claimants must reply within ten days or perishables will be disposed under disposal rules.
Foreign-origin cigarettes totaling 389,000 sticks seized on 10.02.2023 in Visakhapatnam were taken under customs seizure powers on reasonable belief of confiscation liability. The consignments were booked via railway receipts and addressed to an identified consignee. The notice directs the consignor, consignee or any claimant to submit a reply with supporting documents within ten days; failing which the customs authority will dispose of the perishable seized goods under the Disposal Manual.

Notification of trade forms: updated Aayat Niryat appendices published, making revised forms effective for Foreign Trade Policy compliance.
Notification of updated appendices and Aayat Niryat forms under the Foreign Trade Policy, 2023 has been issued by the Director General using delegated administrative authority; the Public Notice publishes those appendices and forms as operative and directs users to the official website for access and compliance.

Liberalised Remittance Scheme: resident individuals may open FCAs in IFSCs for permitted investments; 15 day repatriation rule withdrawn.
Resident individuals may open a Foreign Currency Account (FCA) in International Financial Services Centres (IFSCs) for making investments permissible under the Liberalised Remittance Scheme (LRS); the prior requirement to repatriate funds lying idle in such accounts within 15 days is withdrawn and balances will be governed by the Master Direction on LRS.

Restriction on bank guarantees created from client funds limits new guarantees and mandates wind down with enhanced reporting and oversight.
Stock brokers and clearing members are prohibited from creating new Bank Guarantees funded by clients' monies and must wind down existing such guarantees by the prescribed deadline; the prohibition excludes proprietary funds. Stock exchanges and clearing corporations must monitor positions, implement periodic reporting, submit fortnightly collateral data to the regulator, verify compliance through inspections, and require statutory-auditor certification of implementation, with exchanges amending bye-laws and reporting implementation status to the regulator. Several earlier circulars are modified to the extent inconsistent.

Digital filing of mutual fund offer documents required, with a minimum subscription window for new fund offers and an effective compliance date.
AMCs must file final offer documents (final SID and final KIM) only in digital form by emailing them to the designated filing address at least two working days prior to scheme launch, eliminating the requirement to file physical copies. All new fund offers must remain open for subscription for a minimum period of three working days; other prior provisions remain unchanged and the modifications take effect from May 01, 2023 under the regulator's statutory powers to protect investors.

Validity of ratified norms extended, allowing reuse for Advance Authorisations and easing compliance and transaction costs.
The amendment provides that norms ratified by Norms Committees in the Office of DGFT on or after 01.04.2023 remain valid for three years from ratification, and that norms ratified on or after 01.04.2015 under the HBP 2015-2020 are extended to remain valid until 31.03.2026. Decisions of Norms Committees published as minutes on the DGFT website permit other applicants to apply for and obtain Advance Authorisations on a repeat basis during the norms' validity. Appendix 4P items remain excluded from this provision.

Discontinuation of Gate Preventive Officer signature on custodian-issued gatepasses expedites clearance while Gate POs remain posted.
The endorsement requirement of the Gate Preventive Officer on custodian-issued Delivery Gatepasses is discontinued to expedite and paperless customs clearance; Gate Preventive Officers will nonetheless remain posted at gate locations to maintain preventive and security functions during physical movement of imported goods.

SMTP email notifications for customs brokers now deliver portal communications to registered addresses as a one-way service.
SMTP email service on the Customs Brokers Licensing Management System (CBLMS) is now operational to send portal communications to registered e mail addresses, complementing existing SMS notifications. The channel is implemented as a one-way message delivery from the portal to customs brokers and stakeholders; users with issues are directed to the CBLMS helpdesk email for support.

EGM errors in export manifests must be corrected to secure post export incentives and avoid delays.
The notice lists EGM errors identified in the EDI system (Annexure A) and reiterates the Section 41 obligation to deliver the manifest to the proper officer before departure. It records that incorrect EGMs have produced delays in receipt of post export incentives and instructs exporters, customs brokers, airlines and custodians to remove the listed EGM errors through the concerned airlines so exporters can avail post export benefits; implementation difficulties may be reported to Customs, Export, ACC, Mumbai.

Refund claims by unregistered recipients require temporary registration, supplier-specific applications, supporting evidence, and compliance with credit-note limitations.
Unregistered recipients may claim refund of GST borne on cancelled construction-service agreements or prematurely terminated long-term insurance policies only where the period for the supplier to issue a credit note has expired. The claimant must obtain temporary registration, complete Aadhaar authentication, provide a PAN-linked bank account, and file FORM GST RFD-01 with statement 8, the supplier's certificate, and supporting evidence. Separate claims are required for different suppliers. Refund cannot exceed invoice tax and is proportionately restricted where the supplier has returned only part of the amount paid.

GST insolvency dues require demand reduction intimation after resolution, while recovery may continue only for reduced statutory dues.
Pre-CIRP GST dues of a corporate debtor are operational debt and cannot be pursued through coercive recovery; the proper officer may file the claim in insolvency proceedings. Where finalised insolvency proceedings reduce confirmed statutory dues, those proceedings are treated as other proceedings for recovery purposes. The jurisdictional Commissioner must issue FORM GST DRC-25 to communicate the reduced demand where FORM GST DRC-07 or DRC-07A was issued. Recovery may continue only for the reduced dues.

No Claim Bonus under GST is a disclosed premium discount, while e-invoice exemptions apply entity-wide.
No Claim Bonus does not represent consideration for a supply by an insured to an insurer because the insured has no contractual obligation to refrain from lodging a claim. It is an admissible discount in valuing insurance services where disclosed in the policy terms and recorded in the invoice, and GST applies to the premium payable after that deduction. Mandatory e-invoicing exemptions for specified entities or sectors apply entity-wide, rather than only to specified categories of supplies.

Deemed non-fraud tax proceedings require redetermination within the prescribed period and limit demands to timely show-cause notices.
Where fraud, wilful misstatement, or suppression to evade tax is not established, a notice issued under section 74(1) is to be treated as a notice under section 73(1). The consequential order redetermining tax, interest, and penalty must be issued within two years from communication of the relevant direction. However, redetermination is limited to demands for which the original notice was issued within two years and nine months from the applicable annual-return due date or the date of erroneous refund. For multi-year notices, only timely noticed financial years may be redetermined.

Input tax credit on export transportation remains available where foreign destination determines place of supply and IGST applies.
Transportation services for goods sent outside India have the foreign destination as their place of supply where both supplier and recipient are located in India. The supply is treated as an inter-State supply and is chargeable to IGST. The Indian recipient may claim input tax credit of the IGST charged, subject to applicable eligibility conditions, apportionment provisions and blocked-credit restrictions. The supplier must report the place of supply in FORM GSTR-1 using State code "96-Foreign Country".

Input tax credit mismatch verification permits supplier or professional certification while maintaining statutory eligibility conditions.
ITC claimed in FORM GSTR-3B but absent from FORM GSTR-2A for FY 2017-18 and 2018-19 must be verified against statutory conditions, including possession of prescribed documents, receipt of supplies, payment to the supplier, supplier tax payment, required reversals, and the time limit for availment. Verification of supplier tax payment depends on a professional certificate for higher per-supplier mismatches and a supplier certificate for lower mismatches. The process is confined to bona fide reporting errors in ongoing or pending proceedings and excludes completed proceedings.