Late cut for delayed export applications: graded penalty applies allowing post-deadline consideration under the trade policy.
Amendment to Para 9.3 permits consideration of applications received after the prescribed last date subject to a late cut. Applications received after the last date but within six months may be considered with a reduced late cut; applications received after six months but not later than one year from the prescribed date may be considered with a higher late cut. The change is made under Paragraph 2.4 of the Foreign Trade Policy 2004-2009.

Container Freight Station designation enables onsite customs clearance, custodial accountability and import export processing at Mundra CFS.
The notice designates M/s Forbs Gokak Ltd's premises at Bharat C.F.S. Zone 1, Mundra as a Container Freight Station and customs area with M/s Forbs Gokak Ltd approved as Custodian; it prescribes on site customs clearance processes including movement of containers on EIR basis, de stuffing with seal verification, physical examination and appraisal at the CFS, filing and processing of Bills of Entry and Shipping Bills, duty payment and out of charge formalities, custodial liability for stacking and safety, and procedures for movement of empty containers and auction of uncleared goods under Section 48.

Amendment to DEPB Schedule updates export product descriptions for CRNGO and CRGO silicon electrical steel entries.
Amendment to the Schedule of DEPB rates updates the DEPB Schedule descriptions for entries 387B and 387C in the Engineering product group: 387B is recast as Cold Rolled Non Grain Oriented (CRNGO) Silicon Electrical Steel Sheets/Hoops and Strips/Wide Coils and 387C as Cold Rolled Grain Oriented (CRGO) Silicon Electrical Steel Sheets/Hoops and Strips/Wide Coils, issued under the Foreign Trade Policy and the Handbook of Procedures as a public notice.

Standard Input Output Norms update adds engineering cable entries and plastics general notes, altering input-output specifications.
Amendments revise Standard Input Output Norms by correcting descriptions and input quantities for specified export items across Chemicals, Engineering and Plastics groups, add new Engineering SION entries for Self Supporting Aerial Telephone Cable with accompanying Engineering Tables 9(6)-9(8) detailing per-kilometre input quantities and wastage percentages, and introduce a Plastics Products general note permitting use of upstream input norms for licensing manufacture of resultant export products.

Exception reporting for mutual fund compliance: AMCs must file bimonthly exceptions and provide annexures only on non compliance.
SEBI requires AMCs to file exception-based bimonthly CTRs, reporting only CTR points of non compliance and furnishing annexure details to SEBI in cases of non compliance; the exception report must also be placed before the board of trustees.

Acceptance of FCNR(B) deposits expands RRBs' foreign deposit services subject to sponsor bank arrangements and regulatory authorisation.
RRBs, subject to Regional Office authorisation, may accept FCNR(B) deposits in specified currencies and must enter tie ups with sponsoring banks: foreign currency funds are received to the sponsor's nostro, treated as placements by the RRB, and managed by the sponsor. Sponsors may swap funds with RRBs only if the sponsor assumes all exchange and maturity mismatch risk. Interest, accounting and maturity payment arrangements are by mutual agreement. RRBs report non resident deposit data in CSR format while sponsoring banks report currency transactions in appropriate returns.

Decentralisation of investigation cases extended, permitting transfers post first appeal with penalty notice and prosecution copy requirements.
Revision permits one time operational decentralisation of investigation cases until the specified deadline to reduce Central Circle pendency. Non scam cases may be decentralised after disposal of the first appeal once the Department files a second appeal, irrespective of pending penalty proceedings, provided an appropriate note on penalty proceedings accompanies the transfer. Where prosecution is contemplated, the existing prosecution guideline applies and the communication to the succeeding assessing officer must also be copied to the succeeding Addl. CIT, CIT and DDIT/DCIT (Prosecution).

Branch supervision of depository participants requires robust internal controls and inspections to ensure branch compliance with depository regulations.
Depository participants must implement internal control systems across all branches to ensure review, monitoring and evaluation of internal accounting controls and to guarantee due diligence in account opening, KYC compliance, signature verification, client record maintenance, secure handling of client instructions and integration of branch systems; depositories must inspect and conduct surprise checks of branches, monitor branch openings, amend bye-laws as necessary, disseminate guidance to participants, and report implementation status to the regulator.

Online Tax Accounting System (OLTAS) mandates daily validated challan uploads, PAN/TAN capture and synchronized funds settlement.
Directive establishing the Online Tax Accounting System (OLTAS) framework: single copy challan with branded CIN, mandatory PAN/TAN and taxpayer name capture and validation, double date stamping for instruments, and daily transmission of complete validated challan records (Record Type 01/02) from collecting branches through nodal and link cells to the Tax Information Network (TIN). It mandates maker checker controls, reconciliation with Zonal Accounts Offices, use of File Segregation Utility for erroneous records, and alignment of TIN uploads with funds settlement reporting to RBI CAS Nagpur; non compliance attracts delayed remittance interest and supervisory action.

Export Credit Refinance Facility guidelines consolidated and published to ensure uniform application by scheduled banks excluding regional rural banks.
Consolidation and revision of operative instructions on the Export Credit Refinance Facility for scheduled commercial banks (excluding regional rural banks), published as a Master Circular and accompanied by an Appendix listing subsequently issued guidance to assist uniform application and compliance.

Obligations of banks under FCRA: ensure due diligence, monitor and regulate receipt of foreign contributions by associations.
Banks must regulate, monitor and control the receipt of foreign contributions into accounts of associations and organizations, applying due diligence, compliance checks, monitoring procedures and operational controls at controlling offices and branches to detect and prevent receipts that contravene the Foreign Contribution (Regulation) Act, 1976.

FCNR(B) deposit instructions consolidated; updated interest-rate master circular posted for scheduled commercial banks to implement.
Consolidation of instructions for FCNR(B) accounts and interest-rate provisions has been issued as a Master Circular updating prior guidance through the stated cut-off; the updated consolidated text is posted on the regulator's official website for use by Scheduled Commercial Banks (excluding Regional Rural Banks).

Interest rates on rupee deposits: consolidated master circular updates guidelines and publishes current instructions online.
Consolidation of instructions on Interest Rates on Rupee Deposits for Domestic, NRO and NRE accounts, preserving account-specific treatment and regulatory framework; the Master Circular incorporates all instructions issued up to the cut-off date, is addressed to scheduled commercial banks (excluding RRBs), and is published on the Reserve Bank's website as the updated authoritative repository for these guidelines.

Export credit consolidation updates bank instructions, merging domestic and foreign export credit and customer-service rules.
Consolidated master circular merges prior guidance on domestic export credit, foreign currency export credit and customer service to exporters, updating instructions to 30th June 2007. Directed to all Scheduled Commercial Banks (excluding RRBs), it sets out eligibility, permissible credit forms, procedural simplifications for delivery, reporting obligations, and incorporates clarificatory instructions issued during the year; the consolidated text is published on the regulator's website.

Export of goods and services regulation consolidated under master circular, clarifying FEMA permissions and operational guidance with sunset clause.
Export of goods and services from India is permitted under Foreign Exchange Management Act provisions, and this Master Circular consolidates existing RBI instructions, notifications, and forms on the subject. It sets out general and operational guidelines for authorised dealer banks, lists annexes and prior circulars, and is issued with a one-year sunset clause to be replaced by an updated master circular.

Import permissions under FEMA enable regulated import of goods and services subject to notification compliance and operational guidelines.
Import of goods and services is permitted under the statutory foreign exchange framework and subject to the applicable notification; imports must comply with the notification's conditions and procedures. The circular is organised into parts detailing introduction, general and operational guidelines, annexures with notifications and forms, and a consolidated list of circulars, and includes a one year sunset clause after which it will be replaced.

External commercial borrowings consolidation: master circular unifies instructions and imposes a sunset for replacement within a year.
External commercial borrowings and trade credits for residents are governed by provisions of the Foreign Exchange Management Act; the Master Circular consolidates all existing instructions into one document with the underlying circulars and notifications listed in an appendix and is issued with a sunset clause to be withdrawn and replaced after one year.

Risk management and inter-bank dealings guidance consolidates FEMA-based rules for rupee accounts and forex derivative compliance.
Consolidates regulatory instructions governing risk management and inter-bank dealings for rupee accounts of non-resident banks, inter-bank transactions and foreign exchange derivative contracts, stating these activities are governed by the relevant FEMA notifications and regulations and that the circular compiles underlying circulars/notifications for reference.

Miscellaneous remittance facilities consolidated under FEMA guidance; interim RBI circular centralises rules and includes a one year sunset clause.
Consolidates operational permissions and restrictions for miscellaneous remittances by residents under the Foreign Exchange Management Act and the implementing Government Notification, assembling prior RBI circulars and instructions and setting out the responsibilities of Authorised Dealers. The circular is issued as an interim consolidated reference with an appendix of underlying communications and a one year sunset clause, to be withdrawn and replaced by an updated master circular on expiry.

Remittance facilities consolidated under FEMA notifications, clarifying eligibility and procedures with a temporary limited-duration sunset.
Remittance facilities for non-resident Indians, persons of Indian origin and foreign nationals are consolidated under the regulatory framework of the Foreign Exchange Management Act, 1999 and related FEMA notifications; authorised banks are directed to follow the unified instructions and an appendix lists the underlying circulars and notifications. The Master Circular is issued for a limited duration and will be replaced by an updated compilation after that period.