FATCA and CRS reporting requirement: intermediaries must ensure guidance note dissemination and take necessary compliance steps.
Notification directs SEBI-registered intermediaries to follow the Department of Revenue Guidance Note on implementation of FATCA and CRS reporting under the Income Tax Rules, requires Stock Exchanges and Depositories to notify and disseminate the Guidance Note to Stock Brokers and Depository Participants, and states the circular is issued under the powers of Section 11(1) of the SEBI Act and is available on the SEBI website.

Niryat Bandhu Programme: Online Certificate Program to train first generation exporters and MSMEs in export procedures and facilitation.
Announcement of an Online Certificate Program in Export and Import Business under the Niryat Bandhu Programme to train first generation exporters and MSMEs on export processes, interfacing with customs/excise/banks, and accessing DGFT schemes. Delivered via live online broadcast with help desk support and live Q&A, the course is run in collaboration with a premier institute; participants register online, pay a participant fee while the Government subsidises the balance, and classes begin in early October as a trade facilitation and capacity building measure.

Pre-entry vehicle reporting requirement: dealers must submit DS2 details before goods enter Delhi and update vehicle data promptly.
An online reporting requirement Delhi Sugam-2 (DS2) mandates that each registered dealer file a DS2 for every vehicle carrying goods into Delhi before the vehicle's entry; dealers must file online via the department website or submit a prescribed SMS summary before entry and complete full online details within forty-eight hours. Prescribed SMS formats cover cases where vehicle number is known or unknown, permit consolidated updates for multiple DS2 references, provide a format for vehicle-number updates including replacement vehicles, and require transporters to carry the online receipt or unique SMS ID.

System-generated tax notices quashed; fresh reassessments must be issued only after human review and lawful procedure.
System-generated default assessment notices dated 19/06/2015, and consequent withdrawal letters and the related circular, were quashed. Any fresh reassessment notices must be issued in accordance with law, not be system-generated, and must involve human intervention. Ward VATOs are directed to take necessary steps consistent with this requirement, and the Circular is issued with the Commissioner's approval for implementation and departmental dissemination.

Security requirement for high-risk recently registered dealers; dashboard monitoring enforces prescribed guarantees and statutory action.
Prescribes a security under section 25 and rule 25 for recently registered, high turnover dealers exhibiting risk indicators (fictitious interstate purchases, concessional central sales, and low historical tax remittance). Security equals the prescribed percentage of the turnover computed from qualifying years, to be fixed after scrutiny under the Act and Rules. Systems Branch will list such dealers on each Assessing Authority's dashboard for periodic refresh; Assessing Authorities must monitor compliance and initiate statutory action for noncompliance.

Rupee denominated trade credit authorized with specified tenors and bank safeguards for import finance.
Notification permits resident importers to raise Rupee (INR) denominated trade credit from overseas lenders under a loan agreement for imports (except gold). Tenors: non capital goods up to one year from shipment or the operating cycle, capital goods up to five years; no roll overs beyond permitted periods. AD Category - I banks may approve trade credit subject to a per transaction ceiling of USD 20 million equivalent, may provide guarantees/LOUs/letters of comfort for up to three years, and must ensure all in costs are market commensurate. Overseas lenders may hedge Rupee exposure in the on shore market through permitted derivatives; hedging guidelines to follow.

Authorisation for Additional Branches: simplified document requirements allow declarations in lieu of several prior submissions.
Applicants for authorisation of additional FFMC/AD Cat. II branches may submit a proprietor/partner/director/CFO certificate on Net Owned Funds instead of audited-account certificates; confidential banker reports are dispensed with; declarations about pending enforcement proceedings remain required; KYC/AML/CFT policy and internal control write-ups need only be refiled if changed, otherwise a declaration of no change suffices. The revisions take effect immediately and are issued under foreign exchange regulatory powers without prejudice to other legal permissions.

EEFC account reporting requirement dispensed; banks need not file quarterly loan statements but must observe other approvals.
Authorized Dealer Category I banks are no longer required to submit quarterly statements for loans and advances from Exchange Earners' Foreign Currency (EEFC) accounts; this procedural reporting requirement is dispensed with immediately, while the directions are issued under statutory foreign exchange powers and remain without prejudice to permissions or approvals required under other laws.

Informer reward scheme for VAT evasion provides cash incentives when specific information produces realized additional tax revenue.
Departmental Informer Reward Scheme offers discretionary, ex-gratia cash incentives to persons who furnish specific information that leads to search, seizure and actual realization of additional VAT revenue. Eligibility requires a written statement and undertaking before a designated VAT authority; government servants acting in official capacity are ineligible. Rewards are linked to realized additional tax demand and paid in staged installments, with final payment contingent on uncontested deposit. A Reward Evaluation Committee decides eligibility and quantum, and may cancel or recover rewards obtained by misrepresentation or collusion.

Continuous disclosure obligations require listed entities to promptly report specified and material events to ensure investor transparency.
Continuous disclosure obligations require listed entities to timely disclose specified events and material information to stock exchanges. Events are divided into those mandatorily disclosed without a materiality test and those disclosed if material; detailed itemised particulars are prescribed for transactions such as acquisitions, restructurings, issuances and alterations of securities, board decisions, governance changes, frauds/defaults, restructuring, litigation, operational disruptions and regulatory licence actions. Overseas disclosures must be simultaneous domestically and an event is treated as occurred on board/shareholder approval or when the entity or an officer becomes aware.

Temporary road movement of Nepal-bound containers permitted to CTKR for onward rail dispatch under customs endorsements and continuity bond.
An interim procedure allows M/s CONCOR to move Nepal-bound containers by road from N.S. Docks to CTKR Rail Terminal, Majerhat, after Customs clearance and passed-out formalities. Containers will be loaded into CONCOR trucks in the presence of Customs Preventive Officers, with truck numbers endorsed on ICCD and Transit Permits; removal occurs on ICCD and a Port Removal Note. Movement is permitted on the strength of a continuity bond. At Majerhat containers are transferred to CONCOR wagons, Removal Notes endorsed with wagon and inland way bill numbers, certified copies provided to Customs and Port Authorities, and fortnightly ICCD-wise reconciliation statements furnished by CONCOR.

Border Haat trade permits approved local goods exchange in Tripura markets using local currency or barter for personal consumption.
Trade in designated Border Haats in Tripura permits limited cross-border exchange of specified local goods between India and Bangladesh at two named sites. Permitted categories include vegetables and food items, minor forest produce excluding timber, cottage industry products, small agricultural and household implements, and various consumer goods. Item-specific clarification is by the Haat Management Committee. Vendors must be residents within a five kilometre radius. Exchanges are permitted in local currency and/or barter, subject to an individual daily purchase ceiling for bona fide personal or family consumption, and foreign exchange rules are suspended within the Haats.

Imports: annexed chemical items are treated as not a drug; NOC not required except for specified annexure entries.
Public Notice No.13/2015 classifies a comprehensive annexed list of imported chemical and related items as Not A Drug for the purpose of seeking a No Objection Certificate from the Assistant Drug Controller at ACC, Mumbai. Specified serial-numbered exceptions in Annexures I, II and III remain subject to NOC; all remaining listed items may be considered Not A Drug and processed without ADC NOC. Importers and brokers may report implementation difficulties to the issuing office.

Due date extension for wealth tax returns aligns wealth-return deadline with extended e filing income return deadline for assessees.
The due date for filing wealth-tax returns for assessees whose income-tax returns were required to be e filed by the extended income-return deadline is correspondingly extended to the subsequently extended e filing deadline for income-tax returns for the relevant assessment year.

Compounding of offences: allowed only after prosecution complaints when accounts are admitted and taxpayer cooperates.
Compounding of offences relating to undisclosed foreign bank accounts/assets is allowed only after filing prosecution complaint(s); cases where the assessee has not admitted accounts or not cooperated in assessment, penalty and recovery proceedings are ineligible. Cases with admissions, tax and penalty payment and cooperation may be considered for compounding per the Board's guidelines dated 23-12-2014, but only after complaints are filed. The Black Money (Undisclosed Foreign Income and Assets) Act, 2015 contains no compounding provision and thus these clarifications do not apply to cases under that Act.

Notification of new SION entry enables specified import inputs for exported dipped belting fabrics under Foreign Trade Policy.
Notification authorises new SION entry J-377 for Dipped Belting Fabrics (EP) Conveyor Duck/Synthetic Fabrics of Nylon 6/66 & Polyester 840 Denier and above, specifying an export quantity of one metric tonne and prescribing permitted import inputs with allowable quantities: polyester pet chips, spin finish oil, relevant industrial yarn (nylon 6/66), V.P. latex, resorcinol, formaldehyde and a bonding agent.

Exemption from Azo dye testing for textile imports updated to apply to specified countries, with appendices amended.
A new Appendix to the Foreign Trade Policy 2015-20 establishes an exemption from testing for Azo dyes in imported Textiles and Textile Articles originating from specified countries (European Union, Serbia, Poland, Denmark and China) and is inserted into the FTP Appendices and Ayat Niryat Forms so such imports will not be subject to sample testing for Azo dyes under the existing testing regime.

Election rules: Committee of Administration elections use the final voter list; members must register contact details before deadline.
Elections to the Committee of Administration will use the final voter list for financial year 2015 16; panels and regions are grouped under the Election Rules and Articles of Association with specified seat allocations per panel, and elected office bearers will include six Regional Chairpersons, one Vice Chairperson and one Chairperson. Members were notified via registered e mail and an online link for notices and the final voters list, and ordinary members who have not registered e mail ids and mobile numbers were instructed to submit membership and contact details to the Election Authority by the prescribed deadline.

Trade facilitation: consolidate customs queries to prevent piecemeal reassessment and reduce clearance delays.
Officers must consolidate genuine clarification requests to importers instead of raising piecemeal queries; field formations should identify frequently raised query areas and disseminate them to trade. Commissioners must implement monthly reviews of query types and frequencies, prioritize reassessments after satisfactory replies, and sensitize importers about common errors. Difficulties in implementation should be reported to the Board.

Undisclosed foreign assets compliance: declaration and valuation rules determine reporting, deductions, immunity and penalties.
Circular clarifies Chapter VI compliance: declarations may be filed by beneficial owners, trustees, firms and individuals for undisclosed foreign assets acquired from income chargeable to tax in India; immunity applies only to declared assets with tax and penalty paid. Valuation follows the Rules: bank accounts, securities and brokerage holdings are valued separately; deductions exclude income not chargeable to tax in India and transfers used to acquire separately declared assets reduce account value. Declarants must provide computations, retain supporting valuation evidence, report assets in Schedule FA, and may face penalties for non-declaration.