Extension of DVAT return deadline grants taxpayers additional time to file online returns and submit hard copy documents.
The department, invoking Rule 49A of the DVAT Rules, extends the last date for online filing of DVAT-48 for the specified quarter and establishes a later date for filing the hard copy DVAT-48 together with Form DVAT-43; other provisions of the earlier circular remain unchanged.

Form DP amendment rights allow dealers to add purchase and sale commodities before the prescribed deadline.
Dealers who submitted the pre-revised Form DP-1 without listing purchased commodities may amend the form to add purchased commodities and edit commodities for sale; if unchanged, the previously submitted commodity list will be treated as the list of commodities for sale. A final deadline for these edits is prescribed and the circular was issued with the Commissioner's prior approval.

Debit of duty foregone in B-17 bond for EOUs replaces provisional extra duty deposit, with certificate and final adjustment.
Where additional duty would otherwise be required on provisional assessment of imports by 100% EOUs, EOUs shall provisionally debit the duty foregone in a B-17 bond, produce a certificate from the jurisdictional Superintendent of EOU confirming the debit on the bills of entry provisionally assessed, and effect final adjustment of the duty foregone upon final assessment.

Compulsory tax scrutiny: manual selection prioritises high-value transfer pricing, recurring substantial additions, search/seizure and survey-linked assessments.
Compulsory manual selection requires scrutiny of returns with significant transfer pricing exposure, confirmed or pending appellate additions on transfer pricing or recurring substantive issues, survey-linked cases with impounded records or fresh disclosures, assessments arising from search and seizure, responses to reassessment notices, claims of exemption impacted by the trusts definition, entities receiving substantial foreign donations under foreign contribution regulation, and cases flagged by other government authorities; supervisory approval and mandated use of assessment software apply, with monitoring by CCIT/DGIT and reporting to higher authorities.

Provisional release of export goods: ensure prompt release on bond and security to prevent undue detention.
Provisional release of export goods detained for verification or suspected mis-declaration must be given, where permissible by law, on execution of bond and suitable security to cover redemption fine and penalty, with continued detention beyond a short period brought to the notice of the Commissioner of Customs. Commissioners must ensure strict compliance, issue Public Notices and Standing Orders, and avoid undue delays or hold ups except where goods are prohibited under law or policy.

Exports by post under reward schemes permitted - pilot allows postal exports to claim Chapter 3 incentives subject to PBE and customs checks.
Pilot permits exports by post from the Foreign Post Office, New Delhi to claim Chapter 3 reward schemes for exporters with valid IEC codes; duty credit scrips issued by DGFT must be registered at Delhi Airport and are not usable for imports by post. Exporters must file a manual Postal Bill of Export (PBE) in triplicate, comply with Customs Act documentation and postal CN23 requirements, and present consignments to FPO for postal tracking and custody. Customs will process PBEs like shipping bills with a noting section, perform specific package level examination, conduct sampling and testing as required, issue LET EXPORT endorsements, and require proof of export (Form CN38) from Postal Authorities within 48 hours for DGFT submission.

Bid Submission Deadline extended for MSP procurement, with tender documents purchasable and NDA and pre-qualification formats available online.
Extension of the bid submission deadline is announced for the RFP to select a Managed Service Provider for WAN, LAN, FMS and Video Conferencing. Prospective bidders may purchase the bid document from the designated official by payment of a non-refundable crossed Demand Draft payable to the specified accounts office; bid documents will be available on working days until the extended deadline. Formats for the Non-Disclosure Agreement, Pre-Qualification Criteria and Executive Summary are available for free download on the department website.

Inputs actually used requirement restricts duty-free import to only inputs used in exported goods, superseding earlier guidance.
Notification No. 31 requires that inputs actually used in manufacture of the export product must be the only inputs imported under the authorisation, and that imported inputs must be used in the export product; accordingly Policy Circular No.30 (10.10.2005) is withdrawn and duty-free imports under Chapter 4 of the FTP shall be governed by Notification No. 31, with any inconsistent prior communications deemed superseded.

Trade board representation expanded: additional trade bodies added and VAT committee subsumed into Delhi Trade Board.
The Delhi Trade Board is expanded by administrative order to include additional trade bodies and individual representatives, with named members added to enhance representativeness. The earlier VAT Committee is expressly subsumed into the Delhi Trade Board, consolidating advisory functions on value-added tax matters within the Board's remit; the order is circulated to departmental officers and all Board members for information and implementation.

Tariff classification of insect control products directed as insecticides under the harmonized tariff, affecting customs categorisation.
Classification of "Cockroach traps" and "Mosquito repellent" patches depends on their function as substances or preparations that kill, repel, attract or otherwise control insects; applying the Harmonized System Explanatory Notes and GRI 1 and GRI 6, such products are to be treated as insecticidal preparations put up for retail sale, and not as adhesives, diagnostic reagents, plastic articles, or generic paper articles.

Harmonised customs tariff classification: principal function determines whether multifunction speaker systems fall under speaker, reproducing apparatus, or reception categories.
Classification of multifunction speaker systems must follow the General Rules for the Interpretation and Note 3 to Section XVI, focusing on the principal function. A speaker with only a USB port is classed as a loudspeaker; with USB playback as sound reproducing apparatus; with radio reception as reception apparatus for radio broadcasting; and with both radio and USB playback, if both functions are equally principal, the GRIs' tie breaking provision determines the heading. The Board directs application of these principles and compliance by field formations.

Mandate requirement for hedging: FIIs must obtain PN/ODI holder authorisation before entering rupee hedge contracts.
If an FII wishes to hedge rupee exposure relating to securities against which it has issued Participatory Notes or Overseas Derivative Instruments, it must have a mandate from the PN/ODI holder; Authorised Dealer Category I banks must verify such mandates or, if verification is difficult, may accept a declaration from the FII describing the PN/ODI structure and confirming hedges are undertaken pursuant to specific client mandates.

Duty drawback compliance requires due diligence on time barred claims and precise brand rate descriptions to avoid doubt.
Directs enforcement of due diligence in processing potentially time barred drawback claims under the re export drawback framework and requires careful application of re export rules when assessing such claims. Notes discrepancies between export documentation and Central Excise brand rate letters and mandates that brand rate letters must contain full, comprehensive and precisely matching descriptions of exported goods to eliminate ambiguity in drawback claim processing.

Extension of due date for filing income tax returns under administrative order, altering the compliance deadline and directing publicity.
The Central Board of Direct Taxes, exercising its statutory administrative power, extended the due date for filing returns of income from the original deadline to a later date by an order under its authority, and directed departmental divisions and systems to publicise the extension via the departmental website and circulate the instruction to relevant tax administration offices, professional bodies and representative organisations to ensure stakeholder awareness.

Extension of return-filing deadline prompts opening of special counters to accept returns including weekend days.
The CBDT directed the opening of special counters to accept income-tax returns during the extended filing period following an order under section 119, including weekend days, and required responsible IT and data units to publicize and upload the notice on departmental websites and portals to facilitate taxpayer compliance.

Utilisation period for government debt limits shortened; unutilised entitlements returned and auctioned monthly to improve market availability.
FIIs and QFIs may utilise government debt limits allocated through the monthly auction up to the 17th day of the succeeding month; any limits unutilised on the 18th will be returned to the free pool and auctioned on the 20th. This change, partially modifying the earlier utilisation period, applies to the auction held on July 22, 2013, and is effective immediately under Section 11(1) of the SEBI Act.

Unintended benefit prevention under Incremental Export Incentivisation Scheme urges enhanced RA scrutiny and stakeholder feedback.
Notice seeks suggestions to prevent unintended benefit under the Incremental Export Incentivisation Scheme by requiring Regional Authorities to apply enhanced scrutiny to claims involving substantial export growth, including requesting evidence of manufacture or purchase (excise/sales tax returns), checking supplier export history and current export quantum, and calling for any other supporting evidence to justify entitlement; stakeholders are invited to submit feedback to the specified email address by the stated deadline.

Dematerialisation requirement enables shifting securities from trade-for-trade to normal rolling settlement subject to certification and reporting.
Stock exchanges may move securities of companies that have established connectivity with both depositories from Trade for Trade Settlement to Normal Rolling Settlement if a majority of other-than-promoter holdings are in dematerialised form certified by the RTA or, where no RTA exists, by a practicing company secretary or chartered accountant, and if there are no other grounds for continuation of Trade for Trade Settlement; exchanges must report actions in their periodic development reports to the regulator.

Alternative Investment Funds face monthly reporting, liquidity controls, and a 2x NAV leverage cap for leveraged Category III funds.
Category III AIFs employing leverage must maintain independent risk and compliance functions, disclose conflicts, and comply with reporting: monthly reports in prescribed formats for leveraged Category III AIFs and quarterly for other AIFs. Managers of open-ended Category III AIFs must implement liquidity management policies, disclose and limit suspension of redemptions to exceptional circumstances, and communicate actions to investors and the regulator. Leverage is measured as total exposure over NAV, exposure calculation rules are specified, and leverage shall not exceed 2 times the NAV; daily monitoring, custodian reporting, breach notifications, and remediation timelines are mandated.

Port of Registration inclusion: Kattupalli Sea Port added enabling exporters to access relevant export promotion benefits.
The Directorate General of Foreign Trade amends paragraph 4.19 of the Handbook of Procedures (Vol. I) to include Kattupalli Sea Port, Tamil Nadu, as a Port of Registration by Public Notice dated 29 July 2013, thereby enabling exporters using Kattupalli Sea Port to avail export promotion benefits under the Foreign Trade Policy; the revised Handbook will later alphabetize the port name.