Risk management system in exports governs electronic selection of shipping bills for verification, examination, and facilitated Let Export Orders.
The Risk Management System (RMS) processes Shipping Bills in ICES to determine whether a bill is selected for verification of self-assessment, physical examination, or direct issuance of Let Export Order (LEO). RMS outputs and instructions, including suggested Compulsory Compliance Requirements (CCRs), are communicated to ICES and must be followed by assessing and examining officers. Facilitated bills proceed to goods registration and LEO after document submission; high-risk bills are sent for assessment/examination. A PCA function will select bills post-LEO for audit to ensure compliance and data quality.

SEZ approvals and extensions governed with taxability safeguards and conditional infrastructure permissions to preserve compliance.
Board granted and rejected time-limited extensions of formal approvals and LoPs, approved selected co-developers and new SEZs subject to SEZ Act and Rules, and imposed explicit taxability safeguards: developers/co-developers must maintain separate accounts when required, furnish PAN and jurisdictional assessing officer details to CBDT, and accept Assessing Officer scrutiny of lease rentals, down payments or premiums. The Board approved infrastructure and access permissions on conditions including non-claim of duty benefits, proper accountal, and developer-borne costs, and cancelled numerous formal approvals for lack of progress conditional on certification regarding any SEZ duty/service tax benefits.

Watchlisting individuals for financial intelligence to monitor suspicious nationwide transactions and obtain actionable intelligence.
Instruction to transmit brief particulars (name, PAN, address if available) of persons under watch to the Board for onward sharing with FIU-IND so FIU-IND can provide intelligence on suspicious Pan India financial transactions to assist initiation or continuation of revenue-related investigations; communications to be marked Secret and entries relating to cases being prepared for search should generally be avoided or referred post-search.

Factory stuffing permission: serious compliance violations bar grant while technical disputes may not prevent issuance.
Procedures distinguish serious and technical cases for grant of Letter of Factory Stuffing Permission (LoFSP): serious cases (duty evasion, mis declaration, clandestine removal, fraudulent intent, non registration, SCNs or recovery proceedings) will prevent grant of LoFSP, whereas technical disputes (minor amendments, arguable audit objections, classification/valuation issues) will not automatically bar issuance; allied Act cases decided on merits and periodic verification of exporters' track records will inform permission decisions.

All Industry Rate amendments update tariff-specific duty drawback rates and caps, and allow brand-rate drawback on rice exports.
Amendments revise the All Industry Rate duty drawback scheme by adjusting tariff-specific rates, creating separate tariff entries for specified products, changing drawback caps and composite rates for multiple tariff lines, prescribing a uniform rate for optical fibre cable, and enabling drawback under the brand rate route for export of rice, requiring trade compliance with updated customs treatment of drawback claims.

Extension of limitation period requires a Competent Authority reference for exchange-of-information requests to secure time exclusion.
Requests for exchange of information in impending time-bar cases must be sent to the FT&TR Division by the stated cutoff so references can be transmitted before limitation expires. An extension of the limitation period is available only when the request is made by the Competent Authority; the period from such a Competent Authority reference until receipt of information (or up to one year) is excluded from limitation, and no exclusion applies unless FT&TR forwards a Competent Authority reference.

Provisional assessment of export shipping bills requires EDI recording of test-report outcomes and formal adjudication when variances arise.
Provisional assessment registers must be maintained and reasons for provisionalisation recorded. If test reports match declared particulars, the Preventive Officer shall feed them into EDI. If test reports conflict, the AC/DC in-charge shall open a file for adjudication, record the adjudication outcome and file number in EDI with the test report, make necessary changes to classification, drawback rates or value, and forward the file to the appropriate section for further action before returning it to the CFS.

Import of gold: nominated banks may import on consignment while domestic sales require upfront payment and metal loans remain permitted.
The circular clarifies that the obligation to export applies only to unutilised gold imported before abolition of the prior scheme; nominated banks may import gold on a consignment basis and all domestic sales must be against upfront payment, with banks permitted to grant gold metal loans. Star and Premier Trading Houses may import on delivery against payment without end use restrictions, and imports of coins and medallions are permitted though banks remain temporarily restricted from selling them. Directions are issued under the Foreign Exchange Management Act.

Single PAN single IEC requirement: additional IECs will be deactivated unless holders surrender extra IECs to authorities.
Only one IEC shall be issued against a single PAN. Where multiple IECs exist for one PAN, excess IECs will be deactivated suo moto after the compliance date, and holders may retain one IEC while surrendering others to the concerned Regional Authorities for cancellation within the prescribed timeframe to regularise records and maintain data integrity.

VKGUY benefit eligibility clarified: product descriptions determine entitlement, irrespective of HS codes, for the specified export period.
Amendment to Appendix 37A revises ITC HS codes for specified VKGUY items and reassigns Tamarind Kernel Powder to a new entry. Affected items retain previously notified incentive rates. For exports between 25 February 2014 and the date of this Public Notice, VKGUY benefits shall be admissible based on product description per Public Notice No. 52 irrespective of the ITC (HS) code in shipping bills; that intervening period will not be counted for late cut calculation and the date of this Public Notice will be deemed the date of export.

Reconciliation return filing deadline extended for dealers with inter state concessional or form based sales; online Form 9 required.
The Commissioner extended the online filing deadline for the reconciliation return in Form 9 for the year 2013-14 under Rule 4 (Central Sales Tax (Delhi) Rules) and Rule 49A (Delhi VAT Rules), updating Circular No.21 of 2014-15. Filing in Form 9 is required only of dealers who made inter state sales at concessional rates against statutory forms C, transferred stock against F forms, sold against H forms to non Delhi dealers, or claimed deductions against E I/E II or I/J forms; others need not file.

Extension of return filing deadline: third-quarter VAT returns deadline extended; tax payment obligations remain unchanged.
Under authority of Rule 49A of the Delhi VAT Rules, the last date for filing online or hard-copy third-quarter VAT returns for 2014-15 in DVAT forms with required annexures is extended to 15/02/2015, while tax payment obligations continue to be discharged in the usual manner; dealers filing with a digital signature need not submit the hard-copy return/Form DVAT-56.

All Industry Duty Drawback amendments require trade participants and clearing agents to follow the circulated compliance instructions strictly.
Amendments to certain All Industry Rates of Duty Drawback were circulated through a customs public notice enclosing Circular No. 06/2015-Customs. Trade participants and clearing agents were notified for information, guidance and necessary action, and were instructed to ensure strict compliance with the circular. Difficulties in complying with the instructions were to be promptly reported to the customs office.

Small company definition tightened to require both statutory thresholds, and financial firms exempted for ordinary securities acquisitions.
The Order amends clause (85) of section 2 to require that both thresholds for classification as a small company be satisfied, replacing the prior disjunctive wording. It further inserts an item in section 186(11)(b) explicitly exempting acquisitions of securities made "in the ordinary course of business" by banking companies, insurance companies, and housing finance companies, thereby clarifying their entitlement to the statutory exemption.

Application fee correction for online IEC: regulatory corrigendum reduces the stated online IEC application fee under trade policy.
The Director General of Foreign Trade, under paragraph 2.4 of the Foreign Trade Policy (2009-2014), issues a corrigendum to Public Notice No.79/(RE-2013)/2009-2014 clarifying that the application fee for online IEC applications should be read as Rs. 250 instead of Rs. 500, and directs that the corrected fee figure be applied to online IEC processing.

Re-entry into FCY INR swaps permitted only after expiry of the original swap tenor to hedge surviving underlying exposures.
Residents with surviving underlying exposures may, after cancellation of a swap contract, re-enter into a fresh Foreign Currency-INR swap only after the expiry of the tenor of the originally cancelled swap; all other operational guidelines, terms and conditions governing FCY-INR swaps remain unchanged.

Manpower requisitions for tax investigations should not be refused, subject to limited extraordinary circumstances, and regions must ensure compliance.
Manpower requisitions by Investigation Directorates for search and related investigative activities should normally not be refused, and field formations are required to provide the requested personnel except in extraordinary circumstances; Principal Chief Commissioners must ensure communication and compliance within their regions.

Foreign Direct Investment reporting enabled on e Biz platform, allowing online ARF and FCGPR filing with AD verification for UIN allocation.
Enables online reporting of Foreign Direct Investment on the e Biz platform via ARF and FCGPR services: companies upload digitally signed forms; Authorised Dealer Category I banks must download, verify and re upload verified forms for RBI processing and Unique Identification Number allocation. The online facility is additional to the existing manual reporting, and ADs must access the portal through NIC provided VPN accounts and assist customers; VPN financial arrangements will be finalised separately. The directions are issued under FEMA and do not affect other statutory permissions.

Import payment procedure: requirement of Form A-1 removed; authorised banks must verify transaction bonafides under FEMA.
Dispenses with the requirement of submitting Form A-1 for import payments; AD Category I banks must obtain requisite importer details and satisfy themselves of the bonafides of transactions before effecting remittances. Directions issued under Section 10(4) and Section 11(1) of FEMA, 1999 and without prejudice to other legal permissions.

KYC requirements: two documents (ID and address), Aadhaar accepted; courier outsourcing permissions to be granted within seven days.
Authorised couriers must collect two KYC documents from individuals-one as proof of identity and one as proof of address-unless a single listed document provides both; Aadhaar Card is added as an acceptable document. Existing KYC rules for non-individuals remain. Permissions for outsourcing under the relevant courier regulations must be granted without delay and within seven days, and re-export requests for mis routed consignments should ordinarily be decided within two days. Prior related circulars are modified accordingly and compliance is to be enforced.