Prior registration requirement for cotton exports permits shipments subject to contract registration and customs monitoring.
Export of cotton under tariff codes 5201 and 5203 is permitted only on fulfillment of a mandatory prior registration of contract with the export authority; customs formations are directed to strictly monitor and enforce this registration condition and to issue instructions for immediate compliance verification.

Allocation cap limits FII bidding for corporate and government long-term debt; custodians must remit bidding fees promptly.
Allocation of unutilized foreign investment limits in corporate debt and Government Debt long-term categories will be conducted via a timed bidding process on the exchange, subject to modifications: a per-entity allocation cap in each category, a specified minimum bid amount in each category, and an obligation on custodians to remit bidding fees to SEBI within three working days and notify their FII clients.

Gross amount exclusion of free supplies clarified as prospective for composition scheme; earlier contracts/payments not affected.
The Explanation added to Rule 3(1) of the Works Contract composition scheme, effective from 07 July 2009, makes inclusion of free-of-cost supplies in the gross amount a legal requirement only prospectively; a proviso excludes contracts whose execution began or which received payments (other than by account credit/debit) on or before that date from that inclusion.

Export prohibition exception for cotton consignments: consignments with LEOs issued before the cutoff remain outside the export ban.
Notification No.102 prohibited cotton exports and disallowed FTP transitional relief or exports against existing registration certificates; however, consignments for which a Let Export Order (LEO) was issued by the 2400 hours cutoff on 04 March 2012 are outside the purview of that notification because CBEC reports exports to DGCIS based on LEOs.

Director Identification Number compliance deadline extended for PAN submission under Companies Act; non-compliance may invite penal action.
Extension of the deadline requires existing Director Identification Number holders who did not furnish PAN earlier to file DIN-4 to update PAN details; failure to comply may attract penal action. The Ministry directs dissemination through professional bodies and direct e-mail/SMS from the DIN Cell to ensure filing compliance.

Ban on export of cotton: consignments with prior Let Export Orders may be allowed to proceed outside the prohibition.
A ban on export of cotton (Tariff Heading 5201 and 5203) was imposed, but consignments for which "Let Export Orders" were issued by Customs up to 2400 hours on 4 March 2012 are excluded from the ban; field formations are instructed to allow export of those consignments.

No Bond Certificate endorsement restriction: customs verification clause must not be endorsed, reducing transaction costs.
No Bond Certificate submissions for discharge of export obligation and issuance of Redemption Certificate under advance licences must not carry an endorsement requiring customs to verify shipment details before discharging bank guarantees or LUTs; a standard certificate format listing shipping bill numbers, dates, quantities and FOB values is provided for attachment to the Export Obligation Discharge Certificate.

IEC record updation requires PAN, telephone, email and mobile details; alternate email and website optional, fee waived.
Exporters and importers must update IEC records by providing PAN details, telephone numbers, email IDs and the mobile number of the ANF2A signatory; alternate email and website are optional. The update obligation follows Public Notice No. 84/2009-2014 (RE-2010) and is presented as a mandatory administrative measure. No application fee is required for processing IEC record updates for the limited period specified in the notice.

Corporate Governance Policy: committee to draft a national policy consolidating guidelines and recommending sustainability and stakeholder consultation.
A Committee is constituted to draft a National Corporate Governance Policy synthesizing existing guidelines and best practices while preserving corporate autonomy. Chaired by Shri Adi Godrej with multi stakeholder membership and secretarial support from the Institute of Company Secretaries of India, the Committee will submit its report within six months of its first meeting. Its remit includes wide consultations, seminars, public questionnaires, consideration of sustainability reporting, examination of public-corporate governance synergies, and review of revised national voluntary guidelines.

Liberalised Remittance Scheme clarified: resident eligibility, guardian countersign for minors, family consolidation, and permitted art purchases.
Clarification of the Liberalised Remittance Scheme confirms availability to all resident individuals including minors (whose applications must be countersigned by their natural guardian), allows consolidation of remittances for family members subject to individual compliance, permits purchase of objects of art subject to other laws, and attaches a modified application cum declaration requiring certification of aggregate remittances within the prescribed limit, source of funds, beneficiary details, and an authorised-dealer certificate of conformity.

Ban on export of cotton prohibits shipments and disallows exports under existing registrations, requiring strict customs monitoring.
A ban on export of cotton under Tariff Codes 5201 and 5203 is imposed until further orders, with no transitional arrangements and no exports permitted against existing registration certificates. Customs formations are directed to monitor compliance and to report details of consignments handed to Customs for export as of 4 March 2012.

Declaration of technical specifications required for duty free imports; RAs to verify, amend pre import, or require duty regularisation after import.
Exporters must declare technical characteristics, quality and specifications for specified inputs in the DFIA application and shipping bills; RAs must record these details on the DFIA at issuance and verify identical details at EODC/redemption/transferability. If shipping bills lack details, the item must be deleted from the DFIA. Where shipping bill details differ, the DFIA can be amended only prior to import; if import already occurred with differing characteristics, the holder must regularise by paying duty with interest.

Service tax procedure allocation designates the Service Tax wing to handle procedural rules, registrations, monitoring and clarifications.
The Service Tax wing of the CBEC, under the Member (Service Tax), is assigned procedural responsibility including amendment of Service Tax Rules and related procedural rules; registration, assessment, scrutiny and returns; monitoring of field formations and KPIs; issuance of legal clarifications where law is settled; litigation comments on matters from the wing after two years; and handling audit, parliamentary and related replies, with miscellaneous tasks assignable by the Chairman or Member (Service Tax).

Transshipment procedures require IGM under the designated port code, SEZ Customs permission, bonds for Indian-port moves, and mandatory reporting.
Carriers must file Import General Manifests under the ICTT port code and submit transshipment requests and relevant IGM/Shipping Bill transference copies to the Specified Officer (SEZ Customs). SEZ Customs verifies containers and seals against IGM/Shipping Bill, permits loading under supervision, requires bonds for transshipment to Indian ports, endorses Shipping Bills for exports, and after sailing reports detailed container and voyage information to the Proper Officer (DoR Customs); irregularities and delays must be immediately notified for action.

Submission timing changes for export applications extend office hours, altering IEC and same day filing windows.
Extends office hours for submission and delivery of export-related applications, revising intake windows for IEC applications, same-day applications (Advance Authorisation, DFIA and DEPB), and all other submissions; specifies a midday lunch break for intake and shifts document delivery to a later afternoon window. The revised schedule replaces prior shorter intake periods and takes effect from the stated start date; trade is requested to note the new timings.

OTC trade settlement in commercial paper and certificates of deposit required through central clearing, subject to clearing norms and reporting.
All SEBI-regulated entities must settle OTC trades in commercial paper and certificates of deposit through central clearing and settlement arrangements; such transactions will be governed by the operational and risk management clearing and settlement norms specified by the designated clearing corporations and must comply with existing reporting obligations.

Authority letter requirement: Applications under Chapter three rejected at counter unless authenticated photo ID and contact details accompany application.
An authority letter with photograph and contact details, authenticated by the application signatory, is mandatory for depositing applications for benefits under Chapter three; applications without it will not be accepted at the R&I counter. I.Card holders must enclose a copy of the I.Card. First-time applicants will receive authorization only after physical verification of firm antecedents and verification of the BRC from the concerned bank.

Centralization of DTAA investigation cases: searches centralized under designated central charges; non-search cases retained locally to protect confidentiality.
Only cases involving search action and their associated matters are to be centralized in Central Charges under the concerned CCIT (Central) or DGlT (Inv.), preferably under the same CIT and Range. Non-search enquiries should be centralized under the jurisdictional CCIT within the same CIT and Range, with regions lacking Central Charges following local centralization. Where multiple CCsIT hold such cases, consolidate them under one CCIT, preferably aligned to the same CIT and Range.

Branded jewellery excise liability limited to items with indelible brand marks on the article itself, not packaging.
Excise duty on precious metal jewellery of heading 7113 is leviable only when the trade/brand name, mark, symbol or cross-referenced number is indelibly affixed or embossed on the article itself; branding limited to packaging, boxes, pouches, warranty cards or certificates does not make the goods branded for excise purposes, and house marks used for identification at exchange or resale are excluded.

Applicability of SEBI rating norms: credit rating agencies must apply matching process, disclosure and conflict of interest standards to non regulated ratings.
CRAs rating instruments or loans not regulated by the securities regulator must comply with the same requirements as for public-issue ratings, including rating process and methodology, records maintenance, transparency and disclosures, avoidance of conflict of interest, and code of conduct. The prescribed half-yearly internal audit must also cover such ratings, ensuring consistent regulatory standards across ratings used by other regulators or regulated entities.