Annual inspection policy for exchanges to address member risks and mandate information sharing to strengthen market supervision.
SEBI directs exchanges and clearing corporations to formulate, in consultation with SEBI, a policy for annual inspection of members covering risks from members' activities, to conduct inspections and follow-up action under that policy, and to establish information sharing among exchanges for members with multiple memberships to improve supervision.

Functional control of Special Valuation Branches centralised to Directorate General of Valuation, with DGOV supervising inquiries and valuation orders.
The Board vests functional control of Special Valuation Branches in the Directorate General of Valuation, requiring SVB officers to work exclusively on SVB investigations while DGOV approves and supervises inquiries, monitors pendency, and seeks qualitative improvement. Upon completion, the SVB proper officer will issue a statutory value determination order to the importer, the referring Custom House and DGOV. Review, appeal and other legal matters remain with jurisdictional Commissioners, who must consider DGOV's views when examining orders under statutory review provisions.

Appointment of CFS custodian: LCL Logistix must provide bond, bank guarantee and comply with customs regulations.
M/s. LCL Logistix (India) Pvt. Ltd. is appointed custodian of containers and related cargo at its Haldia CFS under Section 45(1) of the Customs Act, 1962, with the CFS declared a Customs Area. The appointment requires a Rs. 12.48 crore bond with surety and a Rs. 1.25 crore bank guarantee, compliance with Section 45(2) and Handling of Cargo in Customs Areas Regulations, 2009, insurance and liability for goods, provision of security and facilities for Customs staff, responsibility for transit and recordkeeping, and subjects the custodian to review, termination for cause, and procedural obligations including sale of unclaimed goods after Customs NOC.

Rajiv Gandhi Equity Savings Scheme provides a tax deduction for new retail investors investing up to Rs. 50,000 in eligible equities.
The Rajiv Gandhi Equity Savings Scheme, 2012 provides a tax deduction under section 80CCG for qualifying new retail investors with gross total income up to ten lakh rupees who invest up to fifty thousand rupees in eligible securities. It requires designation of a demat account, submission of Form A and PAN, automatic one-year fixed lock-in on designated securities (unless excluded by Form B), a subsequent two-year flexible lock-in with 270-day compliance requirements each year, and reporting and certification obligations for depositories, depository participants, stock exchanges and mutual funds.

Drawback claim queries: exporters must submit required replies or face processing at zero drawback with right to supplementary claim.
Exporters must submit replies and BRCs for shipping bills shown as "Query raised" in the EDI system by the specified deadline; absent required documents, those shipping bills will be processed at zero drawback while preserving the exporter's right to file a supplementary claim. The notice directs exporters to use service centre printouts, the Drawback Help Desk, and the automatic e-mail enquiry facility to ascertain query status and aligns prior notices with this procedure.

SION addition for Lead Free Powder CuSn8Ni1 establishes permitted import inputs and quantities linked to specified export quantity.
Addition of SION C-2056 for Lead Free Powder CuSn8Ni1 prescribes an export quantity of 100 Kg and allowable import inputs per consignment: Copper (ingot or scrap) 92.82 Kg or 94.64 Kg; Tin (ingot or scrap) 8.13 Kg or 8.29 Kg; Nickel (ingot or scrap) 1.05 Kg or 1.07 Kg.

Input-output norms for sodium silicate revised to specify separate soda ash requirements for liquid and solid forms.
Amendment to SION A-1189 prescribes separate Input-Output Norms for sodium silicate by form: a specific soda ash input requirement for the liquid form and a separate soda ash input requirement for solid forms (lumps/crystals/soluble glass), thereby clarifying and making the SION specific by physical form.

Monthly deposit requirement for quarterly dealers when tax liability exceeds threshold; payment due within twenty-one days.
Dealers with a 'Quarter' tax period who were liable to pay net tax above one lac rupees in the previous financial year, or whose tax liability exceeds one lac rupees during the current year, must deposit due tax for each calendar month within 21 days of the end of that month, converting their payment frequency to monthly where the specified net tax threshold is met.

Container Freight Station at Dighashipur notified as Customs Area for examination and clearance of import and export cargo.
The Commissioner of Customs notified the CFS of M/s. LCL Logistix (India) Pvt. Ltd., Dighashipur, Haldia, as a Customs Area under Section 8 of the Customs Act for examination and clearance of imported FCL/LCL containers and for examination, stuffing/loading and sealing of export cargo into FCL containers for one time export via Haldia/Kolkata port; the premises and boundaries are specified. A subsequent note records de notification by Public Notice No. 02/2026 (Port) dated 07 01 2026.

Default assessments for missing statutory declaration forms to be completed for 2008-11 by 31 January 2013.
Default assessments are mandated for cases with missing statutory declaration forms for inter state and related transactions for 2008 09 (if not time barred), 2009 10 and 2010 11, to be completed by 31 January 2013; assessing officers must ensure no case with deficient forms remains unassessed and must verify concessional sale claims and other exemptions only after documentary examination, recording findings in the default assessment order.

Service Tax registration: Form ST 1 amended to allow selection of restored accounting codes and service description.
Amendment to Form ST-1 requires applicants for service tax registration to choose the description of the service being provided, aligning registration entries with the restored service-specific accounting codes as notified following Circular 165/16/2012-ST and Notification 48/2012-Service Tax.

Interest calculation under Section 61: ICES requires correct warehousing date to file ex-bond bills and determine interest-free period.
ICES 1.5 now includes a facility to record the warehousing date for automated calculation of interest under the Customs Act for ex-bond bills of entry. The warehousing date must be entered by designated Superintendent roles for warehoused bills and at the customs location for into-bond bills; importers and CHAs must ensure the correct warehousing date is recorded before filing ex-bond bills, since filing is not possible without it and that date governs the interest-free period.

Modification of SIONs clarifies input allowances and adds product-specific engineering tables for coated steel export compliance.
Modification of SION C-469 revises input composition and measurement for cold rolled galvanised colour coated non-alloy steel exports, specifying coating thickness ranges and tying input allowances to new Engineering Tables 1A-1C. Two new SIONs (C-2054 and C-2055) prescribe analogous substrate alternatives, conversion multipliers and ancillary input conditions. Engineering Table 1 is replaced by Engineering Tables 1A-1G which map product thickness and coating classes to precise input quantities for paints, guard film, substrate content and alloy/zinc requirements, and notes condition several import items on the form of imported substrate.

E-BRC filing: manual upload requirement enables Chapter three benefit claims when electronic shipping bills unavailable.
Applicants must manually enter shipping bill and export item details and attach or record BRC information in the DGFT SB Repository when electronic shipping bill data are unavailable, then select those repository entries in the Chapter Three application and populate scheme, appendix table, ITCHS code and item serial number to enable automatic entitlement calculation.

Adjustment of refunds: AO certification and CPC intimation enable held refunds to be adjusted after AO confirmation.
AOs must verify demands from all sources, notify assessees and allow hearing, certify genuine actionable demands, and upload them to CPC-FAS. CPC issues a statutory intimation to assessees proposing adjustment of refunds against uploaded demands and informs supervisory offices. Assessees may contest within a short period; the AO must rectify or confirm the demand within a prompt timeframe and inform CPC. CPC will hold refunds pending AO confirmation and, upon confirmation, adjust refunds against the confirmed demands; online AO-to-CPC functionality is to be developed with interim manual timelines.

Market maker inventory limits for SME platforms set with buy-side exemptions, re-entry rules and mandatory quoting obligations enforced.
SEBI prescribes upper-side inventory limits and operational rules for market makers on SME exchanges, including buy-quote exemption and re-entry thresholds that include a mandatory initial inventory of five percent of the issue; exemptions are unavailable for the first three months, only exchange-acquired shares count toward thresholds, two-way quoting is required until the upper threshold is reached and must resume at re-entry, no downside exemption applies, and exchanges must amend bye-laws, publish the circular, and report implementation to SEBI.

Line of Credit to foreign government conditions export content, supplier origin, shipment declarations and FEMA compliance.
Provision of a Line of Credit by Export Import Bank of India to the Government of Togo conditions eligible exports and supplier origin: at least 75 per cent of contract value for goods and services (including consultancy) must be supplied from India, up to 25 per cent of non consultancy goods and services may be sourced abroad. The Agreement fixes effective and execution dates that determine the permissible periods for opening Letters of Credit and disbursements for project and supply contracts, and prescribes shipment declarations, agency commission restrictions, and compliance under FEMA.

EPCG authorization compliance updated: ANF 5B now requires import completion details, CA declaration and original authorizations.
ANF 5B is amended to add an entry 10A for Bill of Entry details (BE number, BE date, duty paid, duty saved); replace the installation-certificate entry with "Date of Installation of capital goods"; revise notes to table 15 excluding certain exports; delete a parenthetical phrase in Sl.2; add a Chartered Accountant/Cost Accountant declaration certifying FIRCs checked and that payments are for export of services for EPCG EO fulfilment; require documents except those filed with ANF 5A and submission of original EPCG authorization(s).

Additional Duty refund: procedural checklist and statutory auditor certification required to process eligible claims promptly.
Refund of Additional Duty under Notification No.102/2007 requires filing a single claim per bill of entry within one year of duty payment, provision of a mandatory CA/statutory auditor certificate (by a CA who certifies the importer's financial records under Companies Act/ST/VAT/Income Tax Act) that correlates imports, sales and VAT/CST payments and explains non passing of duty; electronic sales invoices are acceptable with a paper declaration; accredited clients may receive preliminary sanction on specified documents; a detailed checklist of originals and certified evidence and prescribed annexure formats must accompany claims and forged documents will attract penal action.

Service tax accounting codes restored: new Minor Head for other taxable services and Penalties sub heads opened.
The notice deletes Minor Head "224-AII Taxable Services" and inserts Minor Head "225-Other Taxable Services", and adds a new Sub Head "Penalties" under each Minor Head within the Service Tax major head. The Controller General of Accounts has allotted accounting codes for the new Minor Head and Penalties sub heads, with the detailed list provided in the appended code schedule, and the changes must be notified to all concerned for implementation.