Line of Credit conditions require majority Indian sourcing, prescribed disbursement timelines, shipment declarations and FEMA compliance.
Exim Bank's LOC to Zimbabwe finances eligible Indian goods, services, machinery and consultancy, requiring at least 75 per cent of contract value to be supplied from India and permitting up to 25 per cent sourced abroad. The Agreement is effective from July 25, 2013, with specified LC/disbursement timelines for project and supply contracts, mandatory GR/SDF shipment declarations, prohibition of agency commission under the LOC (subject to exporter-funded remittance rules), and compliance and notification obligations for Authorised Dealer Category-I banks under sections 10(4) and 11(1) of FEMA.

Compounding of contraventions under FEMA: NEFT refunds for returned fees and mandatory bank mandate, PAN and activity code requirements.
Compounding applications under the Foreign Exchange Management Act must be filed only after transactions are complete and approvals obtained; compounding fees for returned applications will be refunded by NEFT, for which applicants must submit a prescribed bank mandate and account details. Revised annexes require income tax PAN and NIC (1987) activity codes, and applications missing these details will be treated as incomplete. Applicants must notify any change in contact information during pendency, and Authorised Dealers must inform their constituents of these requirements.

Electronic EX Bond Bill of Entry processing under ICES ensures system ledgering, assessment allocation, and supervised out of charge clearance.
Electronic processing of EX-Bond Bills of Entry under ICES 1.5 at ICD Waluj applies where the related warehouse B/E was processed under ICES 1.5; the system creates an item ledger on out of charge of the warehouse B/E, Ex Bond B/Es are auto allocated for assessment on standard parameters, may inherit provisional assessment from the warehouse B/E, duty is paid via designated banks or e payment, and the Superintendent (Bond) verifies system bond register, warehousing validity, payments and tariff/exemption consistency before granting out of charge and generating prescribed B/E and Order of Clearance copies.

Jurisdiction for objections assigned to Additional Commissioner for Zone VII wards, covering assessment and penalty disputes under DVAT.
Designates Shri P.S. Jani, Additional Commissioner, to entertain objections against orders of assessment and/or penalty in respect of Zone VII (Ward Nos. 63-73), fixing territorial and pecuniary jurisdiction for objections under clause (a) and (b) of sub section (1) of Section 74 of the Delhi Value Added Tax Act, 2004, exercised under Section 68(1) and Rules 48 and 51; effective 08.08.2013.

Allocation of duties directs senior tax officers' additional assignments across enforcement, audit and zone responsibilities, with administrative circulation.
The competent authority allocates additional duties to named senior officers in the Department of Trade & Taxes, assigning portfolios including enforcement (Enf-II), refund & EXIM, zonal responsibilities, VAT audit, and objection handling for specified zones; officers retain earlier work if any and the allocation takes effect immediately. Copies of the order are forwarded to specified departmental branches, officers and files for information and necessary action.

Maximum charges for console agents and freight forwarders set, limiting permissible levies and prescribing removal from EDI for repeat overcharging.
Maximum permissible service charges for console agents and freight forwarders are fixed and converted into per CBM rates for 20 and 40 foot containers with rounded figures; delivery order/documentation charges per importer are capped. Where freight is paid CIF for delivery at the port, no charges beyond the prescribed items may be levied unless additional load port or transit port expenses are expressly declared on the Master Bill of Lading. Confirmed overcharging will trigger investigation and deletion from the EDI system, with permanent debarment after three consecutive verified complaints. The norms must be publicly displayed under the Handling of Cargo in Customs Areas Regulations.

Liquor import restriction for minors bars airport import or duty free purchase, with contraband subject to confiscation and penalties.
Persons below the age specified in the Kerala Abkari Act are ineligible to import alcoholic beverages as baggage or purchase them from Duty Free Shops at the international airport, and such imports are liable to confiscation; imports by eligible passengers beyond the baggage allowance attract applicable duties.

SION notification adds Sodium Lauryl Ether Sulphate export entry with specified input allowances under Foreign Trade Policy.
Notification establishes a new SION entry for Sodium Lauryl Ether Sulphate (Active Matter 69% min.) and specifies permitted input items and their authorized input-to-output quantities per kilogram of export product: Palm Kernel Fatty Acid Distillate, Copper Chromite Catalyst, Ethylene Oxide, Caustic Soda Flakes, and Sulphur, thereby incorporating the SION into the Chemicals and Allied Products Group under the Foreign Trade Policy and Handbook of Procedures.

Voluntary Compliance Scheme clarifies scope, eligibility, CENVAT treatment and audit initiation versus culmination for tax declarations.
Clarifies that VCES covers "tax dues" for Oct two thousand seven to Dec two thousand twelve, treats separate service tax registrations as distinct assessees for eligibility, and includes liabilities from wrongful CENVAT credit use. Communications requesting roving information without requisition of documents do not invoke section 106(2)(a). Declarations are permissible despite post cutoff inquiries unless the same issue is already the subject of proceedings for any covered period. The designated authority must follow natural justice in rejecting declarations, may allow amendments before the filing cutoff, and audit initiation and culmination are defined for eligibility determinations.

Customs Brokers Licensing Regulation modernizes broker licensing and compliance, introducing exams, bond requirements, and notification duties.
The notification replaces the Custom House Agents Licensing Regulations, 2004 with the Customs Brokers Licensing Regulations, 2013, renaming Custom House Agents as Customs Broker, instituting Form F and Form G examinations, prescribing educational qualifications, syllabus, licence grant, bond and security requirements, broker obligations, and procedures for suspension, revocation and penalties; it also mandates administrative changes to correspondence, issuance of new forms on renewal, and a one month duty to notify contact detail changes to the CBLR Section.

Status recognition certificate authority clarified: RA and DC roles defined; existing certificates retained and renewals governed by prescribed authority.
Clarifies issuing and renewal authorities: IECs with both DTA and SEZ units-RA issues and renews Status Recognition and Nominated Agency Certificates; SEZ/EOU-only IECs-DC issues and renews Status Recognition Certificates and are not eligible for Nominated Agency Certificates; DTA-only IECs-RA issues and renews both certificates. Existing certificates will not be withdrawn; renewals after expiry must follow the prescribed authority.

Action on Settlement Commission orders: departments must report acceptability and proposed remedial measures following commission orders.
Direction to compile and submit a retrospective report on action taken on Income Tax Settlement Commission orders received from 1.04.2012 onwards, in the prescribed format, including CsIT(DR) comments on order acceptability, whether departmental written and oral submissions were considered, suggested further action and any remedial measures (including possible filing of writ petitions), and to transmit a soft copy to the designated email by the stated deadline.

Reporting requirement for Settlement Commission cases: copies must also go to the jurisdictional Chief Commissioner.
The Board reiterates the monthly reporting obligation on cases before the Settlement Commission and work of the Commissioner of Income Tax (DR), directing that the monthly report referenced in its letter of 23.07.2013 be sent to all Commissioners of Income Tax (DR), ITSC and that a copy also be forwarded to the jurisdictional Chief Commissioner of Income Tax to extend oversight and monitoring.

Change of AIF category: procedural requirements and investor withdrawal rights during SEBI approval process clarified
Change of category for an Alternative Investment Fund is allowed only if no investments have been made under the original category and requires SEBI approval; applications must include updated Form A, supporting documents, rationale, and an application fee. If commitments were raised beforehand, investors must be offered penalty-free withdrawal with returned fees and possible partial withdrawal subject to minimum investment; the AIF may only invest in liquid funds or bank deposits pending approval and must circulate a revised placement memorandum after approval.

Examination without Delivery Order permitted; cargo released to importer only upon production of Delivery Order and Out of Charge.
Customs will permit examination of imported goods without insistence on the Delivery Order when goods are registered for examination after payment of duty and presented by Custodians at ICD Whitefield and associated CFSs on the basis of a self attested bill of lading; final delivery to the importer/CHA will be made only after production of the Delivery Order and issuance of the Customs Out of Charge.

XBRL-based NRD-CSR reporting required for non-resident deposit returns; banks must adopt RBI template or compatible tools and test.
Banks must migrate monthly NRD-CSR reporting to an XBRL-based platform using either the RBI NRD-CSR template from the Online Reporting Facility or compatible third-party/in-house XBRL tools to generate instance (.xml) documents. The revised NRD-CSR format, codes and validation checks are provided; banks must capture XBRL-compliant NRD-CSR data from October 1, 2013 and continue to submit returns by the 10th of the month following the reporting month. A test environment, credentials, manual, training and helpdesk support will be provided.

Tax filing requirement: newly registered dealers must deposit due tax and file first-quarter return within seven days.
Newly registered dealers issued fresh Tax Identification Numbers after a validation problem must immediately deposit due tax and file their first-quarter return within seven days from the date of grant of the TINs, in compliance with the Value Added Tax rules.

Reimbursement of Duty (RoD) now requires supplier certification of CENVAT credit before developer reimbursement.
Amendment requires a Disclaimer Certificate from the DTA supplier on letterhead stating no CENVAT credit on raw material has been availed; if CENVAT credit on inputs has been availed, the supplier must furnish a certificate indicating the exact amount claimed. The Developer may claim Reimbursement of Duty (RoD) after adjusting the CENVAT credit already availed as certified by the supplier.

Purchase order as contract: qualifying purchase orders can serve as the deed of contract under Project Import Regulations.
A purchase order that contains the essential ingredients of a valid contract-free consent of competent parties, lawful consideration, lawful object, and not being void under statute-shall be treated as a deed of contract for the purpose of Regulation 5 of the Project Import Regulations, 1986; importers must apply for registration at the port and furnish the original deed along with a true copy, and pending cases should be finalized accordingly.

Filing deadline extension for quarterly VAT returns: online and hard-copy submission timelines extended for dealers including composition dealers.
The circular, issued under Rule 49A of the DVAT Rules, 2005, extends the last date for electronic filing of the quarterly VAT return (excluding Annexure 2C and Annexure 2D) and provides a brief additional period for submission of the hard copy; the extension applies to all dealers including composition dealers and leaves other provisions of the earlier circular unchanged.