Special investigation campaign targets mentha oil transport with enforcement based on VAT MIS and e-waybill analysis.
The circular mandates a seasonally timed special investigation campaign against irregular transportation of Mentha Oil and Menthal, directing zones to identify main and alternative routes, deploy mobile enforcement units, and base operations on coordinated analysis of VAT MIS, e-way bill and GST portal data to detect and intercept irregular consignments.

Line of Credit conditions for export financing to Guinea require majority Indian sourcing and set a fixed terminal utilisation period.
Government-supported Line of Credit to Guinea authorises Exim Bank to finance eligible exports for hospital construction and upgradation, requiring that a majority of contract value be supplied from India and that shipments be declared in the Export Declaration Form. No agency commission is payable from the LoC; exporters may pay commission from their own resources or Exchange Earners' Foreign Currency Account subject to realisation and extant rules. Authorised Dealer Category-I banks must inform exporters, permit remittance after full realisation, and seek LoC details from Exim Bank. The circular is issued under FEMA and without prejudice to other legal permissions.

Line of Credit terms require majority India sourcing, EDF shipment declaration and FEMA based compliance for supported exports.
Exim Bank's Government of India supported Line of Credit to Guinea finances eligible exports under India's Foreign Trade Policy, requires a substantial majority of goods, works and services to be sourced from India, mandates shipment declaration in the Export Declaration Form, prohibits payment of agency commission from the LoC while permitting exporter-funded or EEFC-funded commission remittances after realisation, and directs Authorised Dealer Category I banks to facilitate filings and ensure compliance with directions issued under the Foreign Exchange Management Act.

Line of Credit financing requires majority sourcing from domestic suppliers and EDF shipment declarations for exports.
Government-supported Line of Credit finances specified solar projects subject to export eligibility under the Foreign Trade Policy, a sourcing requirement that at least 75 percent of contract value be supplied from India with up to 25 percent procured abroad, declaration of shipments in the Export Declaration Form, and a terminal utilization period of 60 months from scheduled project completion. No agency commission is payable under the LoC, though exporters may remit commission from their own resources or EEFC balances after realisation, with AD Category I banks complying with extant instructions.

Safe deposit locker rules: updated CDD, security standards, nomination and 15 day claim settlement requirements.
Revised regulatory instructions require banks to apply Customer Due Diligence per KYC for locker hirers, maintain transparent allotment with CBS based vacancy and wait lists, adopt Board approved locker agreements, and follow specified rent, relocation and refund rules. Security standards mandate single point vault access, CCTV retention, BIS and Cyber Security Framework compliance for mechanical and electronic lockers, and protection of customer data. Operational controls include visitor logs, privacy during access, alerts to customers, master key custody and surprise verifications. Nomination, inventory and claim settlement procedures require prescribed forms, inventories with witnesses, 15 day settlement on proof of death, SOPs for break open, attachment, disposal and Board approved liability and insurance policies.

Extension of return filing deadline for VAT returns: online filing allowed, payment obligations unchanged; digital-signature filers exempted from hard copy.
The Commissioner has extended the last date to file first-quarter VAT returns for 2021-22 in Forms DVAT-16, DVAT-17 and DVAT-48 with annexures to the specified extended date. Tax payment obligations remain unchanged and must be paid in the usual manner under the Delhi VAT framework. Dealers filing returns with a digital signature need not submit a hard copy of the return/Form DVAT-56.

Export controls on COVID-19 rapid antigen kits: licensing required with application window, quota allocation, and documentary eligibility.
Export authorization for COVID-19 Rapid Antigen Testing kits is subject to a fixed quota and must be sought online through the DGFT ECOM system within the prescribed application window; export licences, if granted, will be valid for six months and applications will be examined per the Handbook of Procedures. Eligibility requires documentary proof of manufacture, supporting purchase orders or invoices, and a manufacturer's undertaking certifying that domestic commitments have been fulfilled. All documents must be self attested and incomplete or late applications will not be considered.

Repeated delivery default penalty: additional sanction for each repeat default, penalty proceeds transferred to settlement guarantee fund.
SEBI mandates that a repeated delivery default-defined as three or more defaults on delivery obligations within a rolling six month period-attracts an additional penalty calculated as a proportion of the delivery default value; penalty proceeds must be transferred to the Clearing Corporation's Settlement Guarantee Fund and the measure becomes effective one month after the circular's issuance.

Exclusive Board authority under Section 151A: only the Board may issue binding classification and import export procedure clarifications.
Exclusive Board authority is affirmed for issuing instructions or clarifications that establish uniformity in classification of goods, levy of duty, or implementation of any provision of the Customs Act or other law relating to prohibitions, restrictions or procedures for import or export of goods under Section 151A. Directorates/Commissionerates/Audit may investigate and report on divergences, modus operandi and violations but must not issue interpretive or prescriptive communications on matters within the Board's remit and must obtain Board clearance where opinions conflict with Board instructions.

Verification of Certificates of Origin requires concrete reasons for doubt and specific information requests before seeking external verification.
Verification under CAROTAR must be based on a proper officer's reasoned belief that originating criteria are unmet or a preferential claim is invalid; requests under Rule 6(1)(b) must state specific grounds and precise information required from the Verification Authority. Representative CoOs should be selected where multiple identical items are under review, and prior verifications of the same manufacturer's product may be applied to subsequent consignments unless there is reason to believe origin has changed. RMS interdiction alone does not justify verification; prescribed procedures, formats and timelines must be followed.

GST enforcement targeting pan masala transport orders statewide vehicle inspections and e way bill verifications to curb tax evasion.
A statewide intelligence driven special investigation campaign targets vehicles transporting pan masala, supari and related raw and packing materials to counter identified GST evasion risks, bogus registrations and discrepancies between e way bill records and actual supplies. The campaign mandates vehicle inspections and targeted verification of e way bills while regular checks continue; zonal Additional Commissioners must submit daily progress reports in the prescribed format capturing trader details, GSTIN, goods, verified e way bill counts, contraventions, seized goods value, tax and penalty deposits, and referrals for advance investigation.

Automated GST return defaulter monitoring on BOWEB Portal replaces earlier notice issuance under the Dealer Monitoring System.
GSTN functionality on the BOWEB Portal provides an automated mechanism for monitoring return defaulters and initiating notice-based follow-up under Section 46. The system sends a Notice to Return Defaulter (GSTR-3A) automatically after six days from the due date for filing GSTR-3B, and tax officials can view the list of taxpayers to whom such notices have already been sent through the statutory functions and quick links available on the portal. The portal also enables identification of non-filers after notice and initiation of assessment of non-filers through the BOWEB interface.

Revisional Authority appointments under WBGST Act authorize specified officers to hear and revise subordinate and external tax authority orders.
Authorizes named officers as Revisional Authority under section 108 of the West Bengal GST Act to revise orders of subordinate officers within specified territorial circles and to revise orders of other tax authorities insofar as they concern persons or registered taxable persons within those jurisdictions; the order supersedes prior authorizations for the same officers/jurisdictions and takes immediate effect, while matters already finally heard by a prior revisional authority remain with that authority.

Appellate Authority appointments for GST enable specified officers to hear tax appeals with jurisdictional and procedural exceptions.
Authorises named tax officers to act as Appellate Authority under the goods and services tax appellate framework, assigning each officer a specified jurisdiction to hear appeals against orders by adjudicating authorities and other State tax authorities in respect of persons or registered taxpayers within those jurisdictions; designates two officers to hear appeals where temporary IDs were created in the State for actions against non-registered persons with demands generated by Bureau of Investigation Enforcement Officers; modifies prior authorisations and takes immediate effect subject to prescribed rules and limited exceptions for matters with three adjournments or already finally heard.

Information sharing protocol requires timely, complete reporting to CEIB across investigation stages and economic offence cases.
Timely and complete sharing of information with the Central Economic Intelligence Bureau is required under the Information Sharing Protocol, with stage-wise timelines for transmission of case data. All formations are to designate a nodal officer and share specified offence details, including identity particulars, relevant statute, date of action, seizure details and modus operandi. Information is to be shared even where an order is public, and inter-agency ramifications must also be communicated. The annexed schedule covers reporting at stages such as seizure, show cause notice, order-in-original, prosecution, adjudication and related enforcement action.

De-notification procedure for customs facilities clarified: disposal, dues clearance and nodal coordination required before revocation.
De-notification of ICDs, CFSs and AFSs requires a prescribed application, confirmation of up-to-date payment of Cost Recovery Charges (unless exempt), and submission of three lists identifying uncleared, auction-pending and detained/seized/confiscated goods. A nominated nodal officer will reconcile records, coordinate disposal or lawful transfer of goods, and seek disposal within four months; where disposal is delayed beyond three months, exceptional shifting to another facility within the same jurisdiction may be permitted under strict conditions. The jurisdictional Principal Commissioner/Commissioner of Customs will revoke statutory approvals, ensure recovery of dues and retention of bonds and securities until liabilities are resolved before forwarding de-notification proposals as required.

Provisional assessment security: discretion to reduce or waive required security where original Certificate of Origin is not submitted.
Amendment creates entry 5(d) in Circular No. 38/2016 Customs for consignments lacking original Certificate of Origin, allowing Principal Commissioner/Commissioner to reduce or waive security for provisional assessments after recording reasons in writing, while entry 5(c) remains for genuineness doubts tied to CAROTAR Rule 6(1)(a) with full security; amendment applies to fresh and pending consignments and rescinds Instruction No. 04/2020 Customs.

Security and covenant monitoring using distributed ledger technology to record and validate security creation, covenants and credit ratings.
SEBI requires depositories to develop and host a distributed ledger-based Security and Covenant Monitoring system to record and monitor security creation, asset cover, covenants, charge registration, interest and redemption payments, and credit rating information for non-convertible securities; issuers must upload asset, charge and covenant details at ISIN creation, DTs must validate and upload due diligence and valuation reports, CRAs validate rating information, and the platform must provide secure access, document upload, audit trails, verification workflows, alerts and interoperability, with testing and phased implementation as directed by SEBI.

Automation of continual disclosures shifts reporting to system-driven filings, removing manual disclosure obligation for compliant issuers.
Automation under Regulation 7(2) establishes system-driven disclosures as the mechanism for insiders' continual reporting; listed companies that have implemented the prior circular's requirements need not manually file disclosures under Regulation 7(2)(a) and (b). Stock exchanges and depositories implemented SDD and exchanges are directed to notify listed companies and publish the change.

EBP platform requirement for NCDs portion ensures transparent price discovery for NCDs with Warrants under QIP
Mandatory EBP platform use is required for the NCDs portion of combined offerings of NCDs with Warrants issued under Qualified Institutions Placement when the NCDs portion exceeds the applicable threshold; the warrants portion continues to fall under the Qualified Institutions Placement rules, a minimum share of the total issue must be allocated to warrants (including aggregate conversion price), and both stapled and segregated offers receive specified exemptions from certain ICDR provisions.