Enhanced supervision data submission clarified with revised timelines and client exemptions; internal auditor compliance monitoring required.
Clarifies enhanced supervision data submission by stock brokers: submit client data as of the last trading day within prescribed periodic timelines with an initial monthly submission window transitioning to weekly submissions; exclude custodian settled clients and clients with zero balances who have not traded in the last twelve months; specified sub clause submissions to be made within seven calendar days. Stock Exchanges must ensure Internal Auditors monitor brokers' corrective actions on inspection deficiencies and include compliance status in internal audit reports, notify brokers and amend rules for uniform implementation.

Customs area reduction: CFS notified area curtailed and southern portion de notified, custodian designation retained per Customs Act.
The Commissioner partially modifies prior public notices by reducing the first-floor Customs Area at M/s Sudharsan Logistics CFS from 39,877 sq.ft. to 6,000 sq.ft. on the northern side for handling import LCL cargo and de-notifying the southern 33,877 sq.ft. at the applicant's request; the custodian designation and all other prior conditions remain unchanged, with the order effective from the stated operative date.

Information Technology Enabled Services clarifications distinguish own-account supply from intermediary facilitation and export of services eligibility.
Clarification is issued on the GST treatment of Information Technology Enabled Services supplied to recipients outside India, especially whether such supplies amount to intermediary services or exports of services. A supplier of ITeS or back-end services rendered on its own account is not an intermediary merely because the services are provided to, or for, a foreign client or its consumers. However, where the supplier only arranges or facilitates supplies between a foreign client and its consumers, it is an intermediary. Mixed cases depend on the facts and the principal supply. A non-intermediary supplier may avail export of services treatment if the statutory conditions are met.

Electronic sealing for export containers requires RFID tamper proof seals, vendor certification, and TID IEC linkage for verification.
Implementation of electronic sealing for export containers requires vendors to supply RFID Tamper Proof One Time Bolt Container Seals compliant with ISO 17712:2013 and to submit self attested manufacturer certificates and vendor manufacturer link documents to the Director (Customs), CBEC before sale; compliant vendors will be listed on the Board website. Vendors must capture Tag Identification (TID) and link it to the exporter's IEC at sale, provide prescribed data elements via a web hosted application in standardised feeds to customs stations and the regional monitoring division, and publicise ports/ICDs where readers are available to facilitate verification at export points.

IGST export refund processing requires operative bank accounts and the Shipping Bill as the refund application to enable disbursal.
The Shipping Bill functions as the refund application; refunds require operative bank accounts validated in the ICES database. Exporters must update and avoid changing bank details within the financial year. The Assistant/Deputy Commissioner, Export Assessment, will verify account operability and serve as the disbursal officer. Airlines must file EGMs accurately and timely and limit amendments.

Container scanning requirement: selected ICD Mulund-bound containers must be scanned and suspicious cases face full physical examination.
Import containers selected by the Risk Management Center for scanning must be brought to JNCH for scanning; scanned images and any marked "Suspicious" cases are emailed to the designated AC/DC of ICD Mulund. Containers not scanned when selected, or those with suspicious images, are subject to 100% examination under DC/AC Docks supervision. The designated AC/DC coordinates stakeholders, ensures examination reports are entered in the system, and submits monthly performance reports to RMCC.

Extension of time for FORM GST TRAN-1 filing under rule 117; submission period extended by official order.
The order extends the time limit for submitting the declaration in FORM GST TRAN-1 under rule 117 of the Tamil Nadu Goods and Services Tax Rules, 2017, invoking rule 117 read with the State Act and acting on the Council's recommendation to modify the statutory filing timeline and provide an official extension of the submission period.

Reconstitution of Regional Advisory Committee establishes advisory forum for procedural GST issues with quarterly meetings.
The Zonal Regional Advisory Committee (RAC) for Tamil Nadu and Puducherry is reconstituted under the Principal Chief Commissioner for 01.07.2017-31.12.2018 with named representatives from trade, industry and professional bodies. The RAC's role is advisory, limited to resolving general procedural difficulties and excluding policy issues, individual cases and matters before judicial fora. Meetings will be quarterly, generally at the Principal Chief Commissioner's office, with communications primarily by e mail and the Principal Chief Commissioner's decision final on RAC matters.

IGST export refund requires PFMS validated bank accounts; Shipping Bill treated as refund application when EGM and GSTR 3 are filed.
Validation of exporters' bank accounts in PFMS is mandatory for disbursal of IGST export refunds; the Shipping Bill is treated as the IGST Export Refund Application and the refund is deemed filed when the EGM is filed and a valid Form GSTR 3 return is furnished. Exporters with closed or unvalidated PFMS accounts risk non credit of refunds and are instructed to update and avoid changing bank account details during the current financial year; Annexure A lists unvalidated accounts.

Works contract assessments require time bound scrutiny and statutory document submission to prevent time bar and protect revenue.
The circular mandates time bound scrutiny and completion of Works Contracts assessments under the KVAT Act, requiring assessing authorities to obtain and file specified statutory forms and financial statements (including Forms 13/13A, 20E/20F/20H, audited accounts, returns, agreements and proof of TDS), to verify compounding eligibility, exemptions, CST/imports, contract values, unaccounted transactions, and IPT claims using KVATIS and supporting records, and to prioritise cases within limitation periods while ensuring supervisory oversight, reporting and peer review uploads.

Drawback rules change: limitation to customs and select excise duties restricts eligible duty drawback for exports.
Notification of the Drawback Rules 2017 and revised All Industry Rates takes effect, limiting drawback to customs duties on inputs and remnant excise on specified petroleum for captive power; integrated tax, compensation cess and service-tax related references are excluded. Composite rates are discontinued and replaced by general AIRs with caps, using specified tariff-item suffixes and alternative suffixes for certain garment exports. Provisional drawback payments align with applicable AIR components. Brand-rate fixation procedures continue but prior brand rates do not apply post-commencement and nil-rate items require alternative rule applications.

Extension of time for Form GST TRAN-1 filing - deadline extended to permit transitional declarations within the revised timeframe.
The Commissioner of State Tax, exercising powers under rule 117 and on the Council's recommendation, extended the deadline for submitting the transitional declaration in Form GST TRAN-1 to 31st October, 2017, thereby permitting filings under the transitional mechanism within the revised timeframe.

Rupee denominated bonds excluded from FPI corporate bond limit; reporting via ECB norms, with other ECB policy unchanged.
Issuance of Rupee denominated bonds overseas is excluded from the cap on investments by foreign portfolio investors in corporate bonds, removing those issuances from the FPI corporate bond limit. The additional email reporting requirement for RDB transactions is dispensed with, but RDBs continue to be reported under existing External Commercial Borrowing norms; all other ECB policy remains unchanged.

Masala bond reclassification: reassigns masala bond issuances to ECB framework and restores corporate bond capacity for FPIs.
Masala bonds are reclassified from the FPI corporate bond limit to the ECB framework and will be monitored accordingly. The amount freed by this shift will be restored to the FPI corporate bond ceiling through phased quarterly allocations, and a portion of each quarterly allocation is reserved exclusively for long term FPIs to invest in infrastructure as defined under the Master Direction on ECBs. All other FPI debt investment conditions remain unchanged.

Extension of time-limit for Form GST TRAN-1 under transitional provisions allowing additional time to submit declarations.
The Commissioner of State Tax, exercising powers under the Puducherry GST rules and on the Council's recommendation, has extended the period for submitting the declaration in Form GST TRAN-1 to provide additional time for taxpayers to file transitional declarations and migrate input tax credits to the GST regime.

Extension of filing period for Form GST TRAN-1: deadline extended under rule 120A to end of October.
The Commissioner of State Tax, exercising powers under rule 120A of the Puducherry Goods and Services Tax Rules, 2017 read with section 168 of the Puducherry Goods and Services Tax Act, 2017, on the recommendations of the Council, extends the period for submitting the declaration in Form GST TRAN-1 till 31st October, 2017.

Extension of time for FORM GST TRAN-1 filing announced, setting a revised administrative deadline for transitional declarations.
The Commissioner of State Tax, Puducherry, under rule 120A read with the Act and on the Council's recommendation, extended the period for submitting the transitional declaration in FORM GST TRAN-1 until 31st October, 2017, providing an administrative deadline extension to facilitate compliance with transitional GST filing requirements.

Liquidity Enhancement Scheme exemption applies to all IFSC products, clarifying prior guidance and enabling uniform implementation.
The circular confirms that the exemption previously granted to stock exchanges in the IFSC to introduce the Liquidity Enhancement Scheme without complying with certain earlier circular requirements applies to all products traded in the IFSC, permitting uniform application of LES across product lines and was issued under SEBI's powers to protect investors and regulate the securities market.

Integration of broking activities allows single entity trading across equity and commodity derivatives subject to registration and due diligence.
Amendments permit a stock broker to operate in equity and commodity derivatives under a single entity. SEBI will grant a one time registration certificate; exchanges/clearing corporations grant subsequent permissions after due diligence. SEBI approval is required only when integration changes control. Client accounts may be transferred between brokers with express client consent and existing documentation preserved. Certain FMC restrictions are repealed or relaxed for activity within the same broking entity, and exchanges and depositories must amend bylaws, implement systems and carry out cross exchange due diligence.

Customs Broker applications open: eligibility, required qualifications, documents and exam process for licensing explained.
Applications are invited for the Customs Broker written examination under Regulation 6, CBLR 2013; written and subsequent oral exams are required to obtain a licence. Applicants must meet Regulation 5 eligibility: Indian citizenship, sound mind, no insolvency or convictions, no penalisation under relevant Acts, and financial viability evidenced by assets or bank solvency of not less than five lakh rupees. Prescribed educational/professional qualifications or specified experience (including G Card holders or retired Group A officers) and the documents listed in Annexure III must accompany Form A; incomplete or incorrect filings may be rejected or later cancelled.