Carrier agency verification required: unverified entities cannot transact after migration to the new ICES version.
Verification and updation of Carrier Agency directory entries is required for ICES 1.5 implementation: agencies must submit a filled form and attested documents to the EDI Help Desk at NCH, Mumbai; verification focuses on correctness of PAN (which is the system registration number) and other particulars, with no change permitted in PAN or entity name during verification; incorrect PAN requires fresh registration. Discrepancies will be communicated immediately, verified records will be posted daily, and unverified agencies will be unable to transact after migration.

Clean Energy Cess compliance: accounting code, ACES registration as manufacturer, and FORM I monthly return deadline revised.
Pending assignment of a dedicated Minor Head, Clean Energy Cess payments are to be accounted under Major Head 0038-Union Excise Duty using reduced accounting code 00380086 (U.E.D.). Applicants who are producers shall register in ACES by selecting the category "manufacturer." FORM I has been modified and Rule 11 aligned so the monthly return is due by the 10th day of the second month following the month of removals.

Clean energy cess accounting: deposit under temporary receipt head; producers register as manufacturers; returns due monthly.
Pending a dedicated minor head, Clean Energy Cess payments on domestic and imported coal are to be deposited under the temporary receipt Sub Head within Major Head 0038 using accounting code 00380086; producers must register in ACES as manufacturers, FORM I and Rule 11 have been revised to align return filing with the systems payment schedule and the prescribed filing deadline applies.

Scope of scrutiny limited to AIR information; broader inquiry needs administrative commissioner approval for significant income escapement.
Scrutiny based solely on AIR data is confined to issues arising from that information, with broader scrutiny permitted only with administrative Commissioner approval where there is prima facie potential escapement of income more than Rs. 10 Lacs. Notices issued under section 143(2) for such AIR-selected cases must be stamped "AIR Case" and this requirement is to be communicated to all officers.

Clean energy cess: accounting code assigned and registration and return procedures aligned with systems and payment timing.
Pending opening of a specific minor head, clean energy cess deposits are to be accounted under the Sub Head "Receipt Awaiting Transfer to other Minor Head etc" within Major Head 0038 Union Excise Duty using reduced accounting code 00380086; producers must register in ACES as "manufacturer" and FORM I and Rule 11 have been modified so returns are due by the tenth day of the second month following removals to align with payment timing.

Authorized Officers designated for imported food clearance under the Food Safety and Standard Act, coordinating with Customs for port clearance.
Designation of Authorized Officers under the Food Safety and Standard Act, 2006 for imported food clearance at Mumbai Sea Port and JNPT is announced, naming Dr. S.K. Halder (Mumbai Sea Port) and Shri Ais Kumar (JNPT) with administrative commencement from 1 September 2010 and operational processing from 13 September 2010. These Authorized Officers will perform the functions of the Port Health Officer in coordination with Customs; during absence of one officer the other will discharge duties. Importers must obtain necessary clearance or no objection from the named officers, whose contact details are provided, and report implementation difficulties to the Commissioner of Customs.

Security deposit refund procedure revised: project import group will process refunds and direct CAO for RTGS disbursement.
Project Import group (Group VI) will directly process refunds of cash security deposits on project finalization, passing a Sanctioning Order and conducting pre-audit where required, then forwarding the Refund Order to the Chief Accounts Officer after defacing the security deposit challan; the CAO will prepare the cheque and effect transfer to the party's RTGS account, replacing prior centralised refund claims through the Central Refund Cell I and taking effect immediately.

Bank Realisation Certificate requirements updated: exporters and authorised banks must verify documents, realisation and attach customs attested shipping bills.
Amendment replaces Appendix 22A with a standardized Bank Realisation Certificate requiring exporter declaration of export particulars and attachments (invoices, customs attested shipping bills). Authorised banks must verify documents, certify particulars including freight, insurance and commission, and record FOB value actually realised and date of realisation except for specified credit or line of credit transactions; realisation through freely convertible vostro accounts must be endorsed. Consolidated consignment certificates are permitted and banks other than usual authorised dealers must produce RBI permission to issue BRCs.

Electronic courier customs filing enables authorized agents to submit declarations, integrating KYC and authorization requirements.
Courier consignments are regulated under complementary electronic and manual regimes requiring customs declarations to be filed by authorised persons with specified licensing and examination qualifications, subject to a six month transition. Authorised couriers must comply with KYC verification, enhanced security and net worth requirements, retain consignee authorisations for low value consignments, and follow prescribed forms, IEC declaration rules, and value reporting for dutiable consignments. Where EDI modules are unavailable, manual procedures and existing examination and sampling norms continue, and Commissioners must oversee compliance and permit limited operational exceptions.

Refunds of 4% Additional Duty: claimants must submit prescribed documents and CA certifications to establish VAT/CST correlation and avoid delays.
Refunds of 4% Additional Duty are subject to Notification No.102/2007 and Board circulars; claims must be filed within one year of actual payment and ordinarily only one claim per bill of entry is permitted. Claimants must submit importer copy of Bills of Entry with TR-6 challans, sales invoices (hard copy or electronic with declaration), and original documentary proof of VAT/CST payment or CA-certified copies. A certificate from the Statutory Auditor/Chartered Accountant who certifies the claimant's accounts is required to correlate imports, sales and VAT/CST payments and to state that the incidence of 4% duty was not passed on, with working sheets and explanations to rule out unjust enrichment.

Export release orders reinstated: exports on ton-to-ton basis barred without Directorate release order for advance authorisations.
Field formations are instructed not to permit sugar exports on a ton-for-ton basis without a release order from the Directorate of Sugar against the relevant advance authorisations; the reintroduction of export release orders makes such Directorate release orders a prerequisite for exports under OGL or Advance Authorisation.

Designation of Central Public Information Officer for LLP matters under Right to Information Act ensures a named RTI contact.
Shri Srikumar, Assistant Registrar, LLP, is appointed as the Central Public Information Officer for Limited Liability Partnership matters under section 5(1) of the Right to Information Act, with immediate effect and until further orders, and administrative contact details are provided to facilitate RTI communication.

Reconciliation of Share Capital Audit replaces Secretarial Audit, requiring periodic auditor certification and exchange submission.
Terminology 'Secretarial Audit' is substituted with 'Reconciliation of Share Capital Audit' for the purpose of reconciling share capital held in depositories and physical form with issued/listed capital; the audit must be performed periodically by a qualified chartered accountant or a practicing company secretary and submitted to stock exchanges. Stock exchanges and depositories must amend their bye laws/rules, notify issuers, registrars and share transfer agents, and publish the change on their websites.

Validity of Bank Guarantees and LUTs set from export date; revolving guarantees limited to each scheme until obligations satisfied.
Both Bank Guarantees and Letters of Undertaking are valid for twenty-four months from the Let Export Order date (measured from the latest shipping bill where multiple S/Bs exist), and revolving BGs/LUTs remain effective only until all obligations are fulfilled to the Full and Final satisfaction of the Government and written consent is communicated; revolving instruments are limited to a specific scheme and cannot be used across different Regional Authorities.

Dematerialised public shareholding threshold determines trading eligibility; non compliant scrips moved to Trade for Trade and disclosure enforced.
Trading in the normal segment is conditional on a company having achieved at least fifty percent non promoter holding in dematerialised form; failure to meet this requirement based on the latest quarterly shareholding pattern will result in migration of the scrip to the Trade-for-Trade segment. Specified corporate events and certain listing circumstances will also require initial trading in the Trade-for-Trade segment with applicable price band provisions, and exchanges must ensure required disclosures are publicly disseminated prior to trading.

Arbitration fees framework revised for stock exchange disputes, including exemptions, refunds and allocation to investor protection.
Parties must deposit an exchange-prescribed amount on filing arbitration references under a tiered fee schedule based on the higher of claim/counter-claim and whether filed within or after a six-month period; clients filing small claims within six months are exempt. On award, deposits are refunded to the successful party; for claims within six months the unsuccessful party's deposit is appropriated as fees, while for late claims one-third of the unsuccessful party's deposit is appropriated as fees and two-thirds credited to the Investor Protection Fund. The six-month period is computed from quarter end with specified exclusions.

Power of Attorney restrictions limit brokers' authority to settlement-related transfers and prohibit off market movements, while remaining revocable by clients.
SEBI clarifies that a client's Power of Attorney to a stock broker or broker-cum-depository participant is optional and must not be a precondition for services. Permitted PoA powers are limited to transfers from the client's beneficial owner account to meet margin, delivery or settlement obligations arising from trades through the same broker, and to apply for or redeem investment products on client instruction with an audit trail. PoAs must list related-party bank and demat accounts, be revocable at any time without affecting prior settlement obligations, and must not enable off-market transfers between non-related parties.

Advance Authorization compliance: export of sugar requires Directorate release order to validate raw sugar imports under ton-to-ton rule.
Exporters must obtain a release order from the Directorate of Sugar before exporting sugar against Advance Authorizations issued during the period when imports were allowed on a ton-to-ton basis; customs formations are instructed to refuse exports lacking that Directorate release and to report mills that may have exported without authorization.

Extension of filing deadline for DVAT reconciliation and original central declaration forms permitting late submission for 2009-10.
The Commissioner extends the filing deadline for the reconciliation return in Form DVAT-51 and for furnishing the 'original' portion of Central Declaration Forms C, E I, E II, F, I, J and H, applicable to the Ist through IVth quarters of 2009 10, permitting submission up to 15th October 2010 under the relevant Delhi VAT and Central Sales Tax rules.

Verification of origin for FTA imports to validate Certificates of Origin and trigger risk based post import review.
Verification of origin is required for imports under Free/Preferential Trade Agreements by examining the prescribed Certificate of Origin for completeness, signatures and seals, and by investigating doubts about authenticity or declared origin. Verification may be initiated on risk parameters-such as the duty foregone, supplier frequency, commodity origin compatibility, propensity for mis declaration, and importer compliance-or at random. The Risk Management Division will suggest selection criteria and build an EDI/RMS application to flag consignments and prompt assessing officers for post import verification.