Waiver of late fee granted for Bills of Entry for vessel entry inward on 26 June upon proof of non-generation.
A waiver of the late fee under the Bill of Entry (Forms) Amendment Regulations, 2017 is granted for Bills of Entry filed belatedly that pertain to Vessel Entry Inward on 26 June 2022, conditional on production of a negative acknowledgement or proof of non-generation of a Bill of Entry number due to ICES unavailability; the Public Notice is issued as a standing order and remaining difficulties are to be reported to the Additional Commissioner of Customs (Appg.Main).

Rectifiable labeling permitted at port for specified nutritional and expiry information; clove stem imports require safety and volatile oil testing.
Rectifiable labeling for imported food may include specified nutritional contribution and expiry information if provided by the manufacturer and verified by the Authorized Officer; corrections must be made at customs bound warehouses before inspection by affixing a single non detachable sticker adjacent to the principal display panel without altering the original label. Clove stem imports are to be tested against horizontal safety parameters and a prescribed volatile oil content on a dry basis equivalent to half the value for whole clove; authorized officers must ensure compliance and report implementation difficulties.

TDS on virtual digital asset transfers: payer must deduct, deposit, and report tax before releasing consideration.
Payers must deduct tax at source when paying consideration for transfer of virtual digital assets at the time of credit or payment; buyers in peer-to-peer trades are responsible for TDS, must deposit the tax, and file prescribed TDS statements. Specified person status determines higher exemption thresholds. For in-kind or VDA-for-VDA consideration, tax must be paid before release of consideration and proof produced; both parties in exchanges report TDS and challan details. Once TDS under the VDA mechanism is made, the separate purchase-related TDS provision need not apply.

Faceless assessment measures to reduce multiple queries and expedite customs clearance; trade must upload mandatory documents.
Officers are instructed to avoid multiple queries and a monitoring mechanism at ADC/JC and Commissioner levels will track queries by the Faceless Assessment Group; Bills of Entry subject to first check or returning after repeated queries will be monitored and may be pushed to PAG after a second query if importers fail to supply required documents. Customs Brokers and importers must upload mandatory documents in e-Sanchit (licences, export/freight papers, COO/brand/make/model certificates, product literature, UQC and CCR/OGD-required documents) and file Bills of Entry in advance, while designated TSK and ADC/JC contacts are provided for grievance redressal.

Chip Import Monitoring System registration requires shipment wise registration; multiple products allowed, certain microprocessors and memory modules excluded.
CHIMS registration is compulsory for designated semiconductor items; registration can be made on arrival and covers air and sea shipments. Multiple products may be included under one registration number, but each shipment must have a separate CHIMS registration. Microprocessors under ITC (HS) 84733010 and memory modules under ITC (HS) 84733099 are excluded from CHIMS applicability.

KYC validation requirement: KRAs must begin validating Aadhaar-based and all KYC records from an August commencement, with revised timelines.
SEBI requires KRAs to validate KYC records where Aadhaar was used as an OVD within a limited period from the August 2022 commencement date and directs that validation of all KYC records, both new and existing, commence from that start date; the circular revises timelines in response to KRA requests and is issued under SEBI's powers to protect investors and regulate the securities market.

Listing timeline reduction for privately placed InvIT units to six working days for listing and trading commencement.
Listing of units issued on private placement by Infrastructure Investment Trusts must be completed within six working days from issue closure, with a staged schedule: sponsor transfer of HoldCo/SPV interests by T+3, demat credit and applicable lock-in confirmation by T+4, listing application by T+5, and stock exchange notice and ISIN activation leading to trading commencement by T+6; stock exchanges and depositories must coordinate and depositories shall activate ISINs only after exchanges grant listing approval.

UPI blocking mechanism enables retail investors to apply in REIT public issues with validated mandates and prescribed timelines.
An additional Unified Payments Interface (UPI) mechanism allows retail investors to apply in REIT public issues by blocking funds via a bank-account-linked UPI ID: stock exchanges validate PAN and Demat details with depositories in near real time, sponsor banks initiate UPI mandate requests which investors authorize in their UPI apps to block funds, and sponsor banks relay block-status to stock exchanges and the Registrar for reconciliation; registrars undertake allotment, trigger debits and unblocking post-allotment, and issuers, intermediaries and collecting banks have specified operational, disclosure and coordination obligations to meet prescribed timelines for listing and trading.

Unified Payments Interface enables UPI based blocking of application funds for InvIT public issues, with mandate and reconciliation processes.
Introduction of a UPI mechanism for public issues of InvIT units allows investors to block funds via a bank linked UPI ID as an alternative to ASBA for eligible applications. Stock Exchanges and Depositories must validate PAN and Demat details in near real time; validated bids and UPI IDs are sent to a Sponsor Bank which raises one time UPI mandates to block funds. Sponsor Banks, Exchanges and Registrars exchange mandate and block status files for reconciliation, allotment processing, debit/collect requests on allotment, and automatic unblocking or refund where applicable.

Large value fund for accredited investors: placement memorandum filing relief and mandatory compliance officer designation enforced.
The circular permits Large Value Fund for Accredited Investors to launch schemes under intimation rather than merchant-banker-filed placement memoranda, subject to a prescribed CEO-and-Compliance-Officer signed undertaking. Fund documents must set terms for any tenure extension beyond the normal limit and obtain prior approval from the fund's governance body for extensions; failure to meet prescribed extension conditions requires liquidation. Managers must designate a Compliance Officer distinct from the CEO to monitor adherence to the SEBI Act, AIF Regulations and related circulars, and the undertaking must confirm due diligence, fitness and properness, adequacy of disclosures, and investor accreditation acknowledgements.

Pre-shipment inspection agency recognition expanded; new agencies and equipment approved, requiring membership updates and prior travel intimation.
One agency is notified for issuance of Pre-Shipment Inspection Certificates with approved equipment and a standard validity; additional areas of operation are added for two existing PSIAs and additional instruments are authorised for three PSIAs. Notified PSIAs must update membership certificates and contact details. PSIAs may inspect in countries within their area of operation without a full-time branch by deputing inspectors, subject to prior intimation to DGFT and furnishing visit details. Approved instruments and calibration details are annexed.

CFS-bound import container scanning procedure revised with RFID tracking, direct movement, and mandatory verification at MXCS.
The procedure for CFS-bound import containers selected for scanning at MXCS is modified to reduce dwell time and permit movement directly to the CFS after unloading. The earlier requirement of returning targeted containers to NSD after scanning is dispensed with, and the Custodian is made responsible for ensuring scanning either en route or by moving the container from the CFS to MXCS and back after permission. RFID sealing, system-based movement recording, verification by Preventive Officers, reconciliation of targeted containers, and special treatment for not clean or over-dimension cargo are prescribed.

AD Code registration is centralised, allowing a registered export bank account to be used across all Customs locations.
AD Code registration for exports follows a one-time registration model: an AD Code and associated bank account registered against an IEC at one Customs port may be used at all Customs locations for filing shipping bills. New registrations and updates must be requested online through ICEGATE and approved at the selected port of registration. Multiple AD Codes and bank accounts may remain linked to one IEC. Amendments to a particular AD Code account can be made only at its registered port, while existing AD Codes are mapped to the port where the last related shipping bill was filed.

Extended Producer Responsibility for plastic packaging: phased EPR targets, import prohibitions on listed single-use plastics and centralized registration required.
Restrictions implement amended Plastic Waste Management Rules by prohibiting specified single-use plastic items from manufacture, import, stocking, distribution, sale and use from 1 July 2022 (compostable-plastic exception), increasing minimum carry-bag thickness and requiring registration of producers, importers and brand-owners on a CPCB centralized portal. Category-wise EPR targets, recycling minima, end-of-life disposal rules and mandatory recycled-content percentages are phased in; obligations include Action Plans, annual returns with certified recycling evidence, trading and carry-forward of surplus EPR certificates, and imposition of environmental compensation for non-compliance.

Extension of FCRA registration validity granted for pending renewals until disposal or final refusal, which ends eligibility.
Certificates previously extended to 30.06.2022 with pending renewal applications, and certificates expiring during 01.07.2022-30.09.2022 where renewal was applied for before expiry, are extended until 30.09.2022 or until disposal of the renewal application, whichever is earlier. If a renewal application is refused, the certificate is deemed expired on the date of refusal and the association is ineligible to receive or utilise foreign contribution.

GST return non-filers with high turnover face monitored compliance action and mandatory portal reporting of steps taken.
Direction to ensure timely filing of GST returns by traders having turnover above Rs. 5 crore who are identified as return non-filers through GSTN data, with departmental monitoring and upload of action taken on the portal. GSTN is to provide the list of non-filers by the 20th day of the month, assessing authorities must take necessary action under the rules against continued default, and the details of action taken are to be uploaded by the 30th day of every month. Zonal Additional Commissioners must personally monitor compliance on a division-wise, officer-wise and firm-wise basis.

TDS on virtual digital assets: 1% withholding at credit/payment, Exchanges may assume deduction and reporting responsibilities.
Section 194S mandates 1% TDS on consideration for transfer of virtual digital assets at time of credit or payment, with exemptions where aggregate consideration in a financial year does not exceed specified thresholds for specified persons and others. For Exchange transactions, the Exchange paying the seller is primarily liable to deduct; brokers may be responsible per agreement; Exchanges may assume deduction when they are sellers or where consideration is in kind, converting withheld non primary VDAs into primary VDAs and INR via prescribed verifiable market orders and reporting in Form 26Q/26QF, with deposits made as per Income tax Rules.

Payment remittance account update for foreign SEBI fee transfers: new designated bank account for electronic remittances.
Bank account details in Annexure D of the Operational Guidelines are amended to designate a specific account for foreign inward remittances of regulatory fees in US dollars, including bank name and branch, account number, IFSC, MICR and SWIFT codes, to facilitate faster confirmation of remittances by intermediaries; all other provisions remain unchanged and the circular is issued under the authority's regulatory powers.

Centralised AD Code registration enables an IEC to use registered bank-account details across all Customs locations.
AD Code and associated bank account registration for an IEC is centralised in the Customs EDI system. Registration at one Customs port enables use of the AD Code for filing shipping bills at all Customs locations, without separate port-wise registration. New registrations and updates must be requested online through ICEGATE and approved under the CLK role at the registration port. Amendments to linked account details can be made only at that port. Multiple AD Codes and associated accounts may remain registered against an IEC.

Demat account tagging required; untagged broker accounts face prohibition on securities credits and debits until properly tagged.
Stock brokers must tag all demat accounts into prescribed categories-proprietary, pool, client unpaid securities, client securities margin pledge, and client securities under margin funding-and untagged accounts must be tagged by the deadline. Credits into untagged accounts will be disallowed except for corporate actions, with debits barred after a later enforcement date. Brokers must seek exchange approval for tagging where required; exchanges shall grant approval within two working days after imposing penalties and must coordinate compliance, amend bye laws, and report to the regulator. Bank exclusive demat accounts are excluded.