Deemed export refund entitlement clarified: recipients may avail input tax credit while claiming refund, subject to portal debit requirement.
Recipients of deemed export supplies may claim refund of tax paid and are not statutorily barred from availing input tax credit on invoices for which refund is claimed; paragraph 41 of the earlier circular is amended accordingly. The portal requires debiting the equivalent ITC from the electronic credit ledger to prevent dual benefit, and the claimant must furnish an undertaking limiting refund to invoices in the relevant statement and declaring the supplier has not claimed refund. The definitionally amended cap on turnover of zero rated supplies applies when computing Adjusted Total Turnover under Rule 89(4), affecting refund calculations.

Dynamic QR Code requirement for B2C invoices clarified with data, deemed compliance, and exceptions.
Clarifies that the Dynamic QR Code requirement under Notification No.14/2020 State Tax applies to B2C tax invoices issued by registered persons exceeding the aggregate turnover threshold, excludes certain supplier categories and OIDAR and export supplies treated as B2B for e invoicing, prescribes specific data elements to be contained in the QR Code (GSTIN, UPI ID, bank account/IFSC, invoice number/date, total value and GST breakup) and provides that an invoice is deemed compliant if it displays the QR Code or records a payment cross reference (transaction id/date/time/amount/mode), with special rules for electronic payment interfaces, pre paid supplies and supplies via e commerce operators.

Non-repatriation investments by NRIs treated as domestic, excluded from indirect foreign investment computation under FDI rules.
Investments by Indian companies owned and controlled by NRIs made on a non-repatriation basis are treated as domestic investments at par with resident investments and shall not be considered in the calculation of indirect foreign investment for downstream investment purposes under the consolidated FDI Policy.

Certificate of origin requirement: Imports under the MoU must be verified and NOC issued before customs clearance.
Imports of pigeon peas under the MoU are authorised only through five designated ports and require a Certificate of Origin from the authorised Mozambican institute with government stamps; the issuing authority must send a scanned copy to specified Indian email addresses and the Indian importer must email the same certificate to those addresses to request an NOC, which the Directorate will verify against the exporter's submission before allowing customs clearance.

Transit cargo RFID seal requirement: mandatory electronic sealing and verification for Bhutan transit consignments through India.
The notice mandates use of an RFID seal and e-office data exchange for goods transiting to and from Bhutan through India. Importers must clear consignments against a Letter of Guarantee issued by the Royal Government of Bhutan; Indian Customs at port and at Land Customs Stations will verify documents, affix and scan RFID seals, endorse specified copies of the Letter of Guarantee, and forward verification data for monthly reconciliation. Tampered seals may prompt examination and duty recovery where variances exist, and the same import procedure applies to Bhutan exports transiting India.

Bank account updates for IGST refund and drawback required after bank mergers; exporters must update IFSC and AD code online.
Exporters with accounts in banks undergoing merger must identify affected accounts and update new IFSC codes and correct bank account numbers via the ICEGATE Bank Management/AD code registration facility using the "modify" option, and submit an AD code letter from the bank to prevent rejection of IGST refund and Customs drawback scrolls; ACC export shed custodians are to assist exporters and the Assistant Commissioner (Drawback) is available for support.

Change of shareholding approvals: altered SEZ developers must maintain continuity and comply with tax reporting and eligibility conditions.
The Board considered LoA extensions, approvals for changes in developer/co developer shareholding or identity, and co developer admissions, subject to conditions requiring seamless continuity of SEZ activities, fulfilment of eligibility and security clearances, compliance with revenue, company and securities rules, immediate furnishing of financial details to Member (IT), CBDT and jurisdictional authorities, and recognition of the Assessing Officer's right to assess taxability under the Income Tax Act; several matters were deferred or remitted to Development Commissioners or Unit Approval Committees for further action.

Delay reporting in CIRP: form requires periodic status filings when specified insolvency process activities miss prescribed deadlines.
The Board mandates filing Form CIRP 7 when specified CIRP activities remain incomplete by their prescribed dates: an initial filing within three days after the missed date and repeated every thirty days thereafter until completion, with only one form filed at a time. The form collects IP and corporate debtor details, identifies the delayed activity, lists categorical reasons for delay (including stays, non cooperation, late orders, or CoC matters), requires a brief narrative and upload of any relevant adjudicating authority order, and must be digitally signed by the IP.

Deemed export refund: recipients may claim tax refund while availing ITC, with portal debit requirement upheld.
Recipients of deemed export supplies may claim refund of tax paid even if ITC has been availed, though the portal requires debit of the equivalent ITC from the electronic credit ledger when filing refund applications; para 41 is amended to remove the previous prohibition and sets out undertaking and declaration requirements. The earlier relaxation for misreporting zero-rated supplies in GSTR-3B is extended subject to refund claims not exceeding the aggregate integrated tax/cess declared in columns 3.1(a)-(c). For Rule 89(4) refunds, Adjusted Total Turnover must include export/zero-rated goods turnover as determined under the amended definition, applying the 150% cap to that turnover.

Deemed export refund claims permit recipient input tax credit, while capped export turnover applies consistently in refund calculations.
Recipients of deemed export supplies may avail input tax credit while claiming refund, subject to undertakings that the supplier has not claimed refund and that the claim is limited to eligible invoices and input tax credit reflected in the valid return. Refund relief for zero-rated supplies wrongly reported in Table 3.1(a) of FORM GSTR-3B applies through 31 March 2021, within the aggregate tax declared in Tables 3.1(a), 3.1(b), and 3.1(c). The capped value of export goods must also be used in Adjusted Total Turnover under the unutilised input tax credit refund formula.

Deemed export and zero-rated refund claims allow input tax credit, while capped export values govern adjusted turnover calculations.
Recipients of deemed export supplies may avail input tax credit and claim refund, subject to debit of available credit and declarations that the supplier has not claimed refund. Refund relaxation for zero-rated supplies wrongly reported in Table 3.1(a) of FORM GSTR-3B applies through 31 March 2021, subject to the aggregate tax declared in the relevant tables. For unutilised input tax credit refunds on zero-rated supplies, the capped value of exported goods also applies in calculating Adjusted Total Turnover.

Authority to issue show cause notices clarified: jurisdictional customs commissionerates must issue fresh SCNs after DRI issuance invalidated.
The Board directs that the SCN dated 19.03.2019 be kept pending pending examination of a Supreme Court ruling that the DRI Additional Director General lacked authority to issue SCNs, and requires that fresh SCNs in cases currently investigated by DRI be issued by the jurisdictional customs commissionerates from where the imports originated.

RoSL claims deadline updated for shipping bills; separate filings required for pre and post cutoff periods.
Amendment to para 4.97(j) of the Handbook of Procedures requires separate online RoSL claim applications for shipping bills segregated by Let Export Order (LEO) date ranges and notifies a final filing date for applications containing shipping bills with LEO dates before the earlier cutoff while retaining the notified final date for the intermediate LEO period.

Certificate of Origin authorization: Plastic Export Promotion Council added to Appendix 2E to issue non preferential certificates.
M/s. The Plastic Export Promotion Council is authorized under paragraph 2.04 of the Foreign Trade Policy to issue Certificate of Origin (Non-Preferential) and has been added at Serial No. 33 (Maharashtra) of Appendix 2E to the Appendices & Aayaat Niryat Forms, enabling the agency to certify non preferential origin for exporters under the applicable Appendix procedures.

Refund of deemed export tax: recipients may claim refunds while availing ITC, with portal debit to prevent dual benefit.
Recipients of deemed export supplies may claim refund of tax paid while availing ITC; the portal requires debit from the electronic credit ledger when refund of ITC is claimed to prevent dual benefit, and paragraph 41 of the earlier circular is modified to require prescribed undertakings and supplier/recipient declarations. The relaxation permitting filing refund applications for misclassified zero-rated supplies in GSTR-3B is extended to the revised period subject to aggregate declaration limits. For refunds under the statutory formula, the value of zero-rated/export goods included in Adjusted Total Turnover must follow the amended capped definition of turnover of zero-rated supply of goods.

Import documentation requirements for denatured ethyl alcohol mandate detailed production data, stoichiometric balances, capacity approvals and environmental clearances.
Import authorisations for Denatured Ethyl Alcohol require ANF 2M and a Proforma providing a five year import and usage history with year wise finished product production (chemical/IUPAC names and structures), DEA consumption and year end balances, current on site DEA quantities in volume and weight, and complete stepwise production processes with balanced chemical reactions and stoichiometric material balance calculations for each product. Applicants must also supply proof of approved installed capacity and valid environmental clearances, with all documents self attested by an authorised representative.

UPI mandate unblock obligations require banks and intermediaries to timely release funds and compensate investors for delays.
SEBI requires Lead Managers to ensure compliance with prescribed timelines and processes for IPO applications using UPI in ASBA, designates SCSB nodal officers, mandates SCSB SMS alerts and Sponsor Bank portals, and prescribes RTAs/SCSBs reporting and BOA+1 unblocking procedures. Non compliance attracts securities law action and a specified compensation mechanism obliges SCSBs (and Post Issue Lead Managers for delayed redressal) to compensate investors for delayed or erroneous blocking/unblocking, with Lead Managers withholding intermediary payments until confirmations of unblock completion are received.

GST recovery during insolvency proceedings requires timely creditor claims and prohibits enforcement after a moratorium begins.
GST recovery from entities undergoing insolvency proceedings requires timely filing of departmental claims as an operational creditor. Admission of insolvency proceedings triggers a moratorium that bars recovery action, including bank attachment, while assessments and interest may extend only up to the moratorium date. Claims must be supported by assessment and recovery records. An approved resolution plan binds the Department; if liquidation begins, claims must be filed afresh with the liquidator. Officers must track proceedings, file claims and appeals within time, and prevent revenue loss.

Suspension of registration: procedural framework for suspending, responding to, and revoking GST registrations after return discrepancies.
Immediate suspension of registration arises where comparisons of returns and FORM GSTR-1 data or other analyses reveal significant discrepancies or anomalies posing an immediate threat to revenue; suspension is intimated electronically in FORM GST REG-31 or via dashboard notice (FORM GST REG-17) and requires the taxpayer to explain within thirty days why registration should not be cancelled.

Certificate of Origin-Non Preferential: amendment updates authorized issuer branch address for Indian Chemical Council in Appendix entry.
Amendment updates the list of authorized issuers for Certificate of Origin-Non Preferential by revising the branch address details for the Indian Chemical Council under the Maharashtra entry in Appendix 2E of the Handbook of Procedures; the Northern branch address has been replaced with a new Northern Region address while other branch addresses remain unchanged.