Monetary limits on tax appeals require filing review or recall petitions as advised, despite policies limiting higher appeals.
Field officers must file either a review petition or a recall petition in the High Court as recommended by the Senior Standing Counsel; recall may be used where review time limits have lapsed. Even where the Board has decided not to pursue higher petitions for cases of small tax effect, review or recall petitions are to be filed if an appeal to the High Court was permissible under the instructions applicable at the time of the original filing.

DEPB filing allowed for post-restoration exports; online applications accepted, earlier-period procedure pending notification by authorities.
The Trade Notice permits online filing of DEPB applications for exports of cotton yarn and cotton made on and after 04.08.2011. For cotton yarn exports from 01.04.2011 to 03.08.2011 and cotton exports from 01.10.2010 to 03.08.2011, a separate procedure is being devised with the Department of Revenue and will be notified later.

Medical payments for visiting NRI close relatives now permitted as resident to resident payments under FEMA notification covering related services.
Resident individuals may pay medical expenses of visiting NRI/PIO close relatives (as defined in Section 6 of the Companies Act, 1956); such resident to resident payments are covered as "services related thereto" under Regulation 2(i) of Notification No. FEMA 16/RB 2000 dated May 3, 2000. Authorised Dealer banks are to notify constituents and customers. Directions are issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 and are without prejudice to permissions required under other laws.

Repayment by close relatives: residents may repay loans of non resident close relatives by crediting the borrower's loan account.
Where an authorised dealer in India has granted a loan to a non resident Indian in accordance with the Borrowing and Lending in Rupees Regulations, such loans may be repaid by a resident close relative of the Non Resident Indian by crediting the borrower's loan account through the bank account of such relative.

Loans in rupees to NRI close relatives permitted subject to interest free, one year minimum maturity and specified usage and repayment conditions.
Resident individuals may lend rupee loans to NRI/PIO close relatives by crossed cheque or electronic transfer if the loan is interest-free, has a minimum one-year maturity, is credited to the borrower's NRO account, is not remitted outside India, is used only for the borrower's personal or permitted business purposes in India (excluding activities prohibited for non-resident investment), and is repaid via inward remittance, debit to NRO/NRE/FCNR accounts, or sale proceeds of pledged assets.

Rupee gifts to NRI close relatives allowed; credit to recipient NRO account subject to LRS overall limit compliance.
Resident individuals may make rupee gifts to NRI/PIO close relatives by crossed cheque or electronic transfer, with the amount credited to the recipient's NRO account as an eligible credit. Gifts must comply with the overall limit under the Liberalised Remittance Scheme and the donor is responsible for ensuring LRS limits are not exceeded. AD banks are to implement the facility pending amendments to the Deposit Regulations and FEMA notification, and the directions are issued under FEMA subject to other legal permissions.

Mandatory electronic filing of central excise returns expands required e submission and assistance obligations for assessees.
Mandatory electronic submission is imposed for prescribed Central Excise returns under amendments to the Central Excise Rules, 2002 and the CENVAT Credit Rules, 2004. Electronic filing is compulsory for returns under Rule 12(1), Rule 17, and Rule 12(2A)(a), while ER 4 and ER 5/ER 6 continue electronically where no exemption applies. The obligation applies irrespective of duty paid in the preceding financial year. Field formations must assist assessees and inform trade to facilitate adoption of the new e filing procedure.

Credit of FDI sale proceeds to NRE/FCNR(B) accounts permitted under Regulation 11; banks to implement FEMA guidance.
Sale proceeds of foreign direct investment in India may be credited to NRE/FCNR(B) accounts of NRIs/PIOs under Regulation 11 of the FEMA (Transfer or Issue of Security) Regulations, 2000; this clarifies that the facility previously reflected in Schedules 3-5-subject to purchase having been by inward remittance or from existing NRE/FCNR(B) funds and applicable taxes-will continue to apply. Authorised Dealer banks are to implement and notify customers. Directions issued under Sections 10(4) and 11(1) of the FEMA, 1999.

Joint holding of RFC/EEFC accounts with resident close relatives permitted, but joint holder cannot operate account during lifetime.
Resident individuals may include resident close relatives as joint holders in their EEFC and RFC accounts on a former or survivor basis, provided the joint holder is not permitted to operate the account during the lifetime of the resident account holder; regulatory amendments will follow and authorised banks must notify account holders, without prejudice to other legal permissions.

Gift of securities to non-resident relatives requires prior RBI approval and now permits a higher annual transfer threshold.
Transfers of securities by way of gift from residents in India to persons resident outside India require prior approval of the Reserve Bank under Regulation 10A(a) of the FEMA (Transfer or issue of Security by a Person Resident outside India) Regulations, 2000; all other conditions of Regulation 10A(a) remain unchanged. The circular increases the applicable annual monetary ceiling for such gifts and notes that amendments to the Regulations will be issued separately, directing Authorised Dealer banks to notify their constituents.

Joint NRE/FCNR(B) accounts with resident close relatives now permitted on former-or-survivor basis, with POA operation allowed.
NRIs and PIOs may open NRE and FCNR(B) accounts jointly with a resident close relative on a former-or-survivor basis, with the resident eligible to operate the account as Power of Attorney during the NRI/PIO's lifetime; authorised banks must notify account holders and regulatory amendments to deposit regulations will be issued.

Joint account holdings with non-resident close relatives allowed on former-or-survivor basis with operation restricted during lifetime.
Residents in India may include non-resident close relatives as joint holders in resident savings bank accounts on a former or survivor basis, with "close relatives" as defined in Section 6 of the Companies Act, 1956; such non-resident joint holders shall not be eligible to operate the account during the lifetime of the resident holder. Authorised Dealer banks must notify their customers. The directions are issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 and are without prejudice to other legal permissions.

Assessing authority examination: ensure enforcement survey findings are correlated with dealer returns before allowing tax credits.
Assessing authorities must corroborate enforcement survey findings with dealers' tax returns and sales/purchase records and examine all relevant records in detail before allowing any credit or exemption indicated by the survey report, to prevent inappropriate allowances.

Live telecasting rights classified as taxable under VAT for rights to events performed in Delhi.
Sale or transfer of live telecasting rights for events performed in Delhi falls within entry no.3 of the Third Schedule of the Delhi Value Added Tax Act, 2004, which covers intangible goods (copyrights, patents, reproduction licences, goodwill), and is therefore taxable under the Act; the clarification is issued with the Commissioner's approval.

Export prohibition on onions requires strict enforcement; transitional shipments allowed only under pre-restriction validated letters of credit.
Export of Non-Basmati rice and wheat is permitted through Customs EDI ports (rice only from privately held stocks by private parties), while export of onions in all forms is prohibited subject to a transitional FTP exception allowing shipments under pre-restriction validated irrevocable commercial letters of credit and contracts that must be registered with the Regional Authority within the prescribed 15-day period.

Retrospective excise levy: CENVAT credit allowed only with prescribed duty documents and certified stock records.
Retrospective excise liability arising from packing, repacking and related operations permits manufacturers to utilise eligible input duties as CENVAT credit for payment of duty on final products, but only upon production of prescribed duty paying documents. Opening stocks as at the cut off must be declared on internal records authenticated by a chartered accountant and company directors; input credit on such stocks is allowed on the basis of available invoices/import documents. Supplementary invoices/challans for stock transfers and monthly statements of production, clearances and credit balances are required to support verification. Retail spares are valued under MRP while original equipment follows transaction value; interest waiver is not available under existing law.

Investor grievance redressal requirement: DPs must resolve complaints within one month via SCORES, with depository enforcement.
SEBI has implemented SCORES to centralize investor complaint processing against DPs, enabling routing of complaints to Depositories, online uploads of Action Taken Reports, and investor tracking. DPs must redress grievances within one month and inform investors and Depositories of actions; non-compliance may attract penalties. Depositories must follow up with DPs, levy penalties for non-compliance, update SCORES with status and supporting documents at every stage, ensure website disclosures match SCORES, amend bye-laws for uniform implementation, report monthly to SEBI, and monitor compliance through half-yearly audits and inspections. The circular is issued under Section 11(1) of the SEBI Act.

Regional Advisory Committee constitution centralized at zonal level, chaired by Chief Commissioner to improve trade representation and coordination.
A single zonal Regional Advisory Committee for organized sector and small scale industries shall be constituted and chaired by the Zonal Chief Commissioner, replacing earlier guidelines to the extent specified; the RAC will be advisory, include broader trade and governmental representation, and be re-constituted by the Chief Commissioner without prior Board approval.

Voluntary payment of customs duty: interim payments attract prescribed interest and are adjusted against the final assessed duty.
Voluntary payment of customs duty during provisional assessment is permitted upon written intimation to the proper officer; such payment must include interest at the prescribed rate from the first day of the month in which the duty was provisionally assessed until payment. Bond terms and security remain unchanged and no refund is allowed until finalisation. Interim payments do not attract further interest from payment date to finalisation, but interest is recalculated from the first day of the provisional assessment month to the payment date upon final assessment, and interim duty and interest are adjusted against the final liability.

Online transmission of export authorizations now mandatory at ICD Karur; EDI filing and electronic Customs communication required.
Implementation of online transmission for export incentive authorizations at ICD Karur requires DEPB applications linked to shipping bills from that port to be filed in EDI mode, and mandates that Regional Authorities' issuances of DES (Advance Authorization), EPCG and DEPB for the port be communicated electronically to Customs, effective 12 September 2011.