Deemed export refund: recipients may claim refund while availing input tax credit, portal debit clarified to prevent dual benefit.
Recipients of deemed export supplies may claim refund while availing input tax credit; the circular removes the prior administrative bar and explains that the portal requires debit of equivalent refundable ITC from the electronic credit ledger to prevent dual benefit. It revises undertaking requirements for recipient claimants. The circular also extends relief for misreported zero-rated supplies in GSTR-3B, allowing refund filings subject to aggregate declared integrated tax/cess, and clarifies that the amended capped valuation of zero-rated goods applies in computing adjusted total turnover under rule 89(4).

Quota allocation by algorithmic lottery: import rights distributed equally among eligible millers/refiners/traders; compliance conditions apply.
Allocation for import of specified pulses is to be granted to millers, refiners, and traders via an algorithm based lottery system; applicants must file separate online ANF-2 M applications through the DGFT Import Management System, one application per IEC with IEC issued prior to the notification date. The Competent Authority will fix the number of applicants, distribute the total quota equally or as applied for, and require that consignments reach Indian ports by the end of the quota period. Importers importing less than half their allotment will be debarred from the next year's allocation; no manual applications or time extensions will be accepted.

Track and Trace system for pharmaceutical exports requires parent child packaging linkage and central portal upload under extended deadline.
The implementation date for the Track and Trace system for export consignments of pharmaceutical drug formulations is deferred by amendment to Para 2.90A of the Handbook of Procedure (2015 20), requiring maintenance of the parent-child relationship across packaging levels and uploading of that information on the Central Portal. The extension applies to both SSI and non SSI manufactured drugs and alters the previously notified compliance deadline.

Advance Bill of Entry filing requires pre-arrival submission, permits house bill references, and enables automated master bill updates.
Advance Bills of Entry must be filed before the end of the day preceding the arrival of imported goods, subject to prescribed transport-specific timelines and system-imposed late filing fees. Where Master Bill of Lading or Master Air Waybill details are unavailable, advance filing may use NOMBL or NOMAWB with mandatory House Bill of Lading details. The missing master reference may later be updated through an online IGM-details amendment, which is automatically approved without late fee, only where the prior or advance Bill of Entry was initially filed using NOMBL or NOMAWB.

Advance Bill of Entry filing enables pre-arrival customs assessment while allowing arrival-day deadlines for specified import movements.
Section 46 requires advance filing of a Bill of Entry for pre-arrival processing and assessment. Subject to exceptions, filing is due by the end of the day preceding arrival, while presentation up to 30 days before expected arrival remains permissible. Sea imports from specified neighbouring countries, all airport imports, and all Land Customs Station imports may be filed by the end of the day of arrival. Imports through Inland Container Depots, and other sea imports, remain subject to the preceding-day deadline.

Advance filing for Bills of Entry requires pre-arrival timelines; HBL/HAWB now sufficient for advance BE filing.
Amendments mandate advance filing of the Bill of Entry by the end of the day preceding arrival (subject to Board-prescribed exceptions not later than end of arrival day), allow filing up to 30 days before arrival, and retain late charge rules. Regulations prescribe differentiated filing timelines by customs station and country of consignment. The requirement for MBL/MAWB at advance filing is removed; HBL/HAWB suffices and ICEGATE will permit auto-approved subsequent updating of MBL/MAWB without officer approval or amendment fees.

Transfer of business by registered intermediaries requires transferee registration and surrender obligations for transferors.
Where a transferee is not registered in the same capacity it must obtain fresh registration from SEBI before transfer; SEBI will issue a new registration number to the transferee when business is transferred through regulatory or non regulatory processes irrespective of whether the transferor continues to exist. Change in control requires prior approval and fresh registration but retains the same registration number when granted to the same legal entity. If the transferor ceases to exist or completely transfers its business it must surrender its certificate of registration; partial transfers permit the transferor to continue holding its certificate.

Advance Bill of Entry filing would enable pre-arrival customs assessment, subject to specified alternative filing deadlines.
Proposed amendments to Section 46 of the Customs Act, 1962 would mandate advance filing of Bills of Entry before the end of the day preceding arrival of imported goods for home consumption or warehousing. The requirement is intended to facilitate pre-arrival processing and assessment and reduce clearance time. The Board may prescribe different deadlines for specified cases, but not later than the end of the day of arrival. Possible relaxation for certain land, airport, neighbouring-country and short-haul imports remains subject to the amendment taking effect.

Natural gas energy measurement now permits Metric Million British Thermal Unit code MBT in customs import and export declarations.
Customs electronic import and export declarations may use Metric Million British Thermal Unit as an accepted commercial unit of quantity under the code MBT. The unit is included in the Customs EDI System for natural-gas transactions measured by energy content, including commercial negotiations, invoices and ship ullage survey reports. Importers, exporters and trade participants may use MBT in their declarations, and implementation is treated as a standing order for customs officers and staff.

Condonation of delay under section 119(2)(b): Form 10B late-filing applications to be disposed within three months.
Condonation of delay under section 119(2)(b) for late filing of Form No. 10B (years prior to AY 2018-19) is to be processed by the Exemption Charges and, per the modified guidance, all pending and new applications shall be disposed of preferably within three months from the end of the month in which the application is received; the modification takes effect from 31st day of March, 2021.

Condonation of delay under section 119(2)(b): administrative disposal of Form 10BB condonation applications within a fixed timeline.
The Board partially amends an earlier circular to require that all pending applications and applications received henceforth for condonation of delay in filing Form No. 10BB under section 119(2)(b) shall be disposed of preferably within three months from the end of the month in which the application is received; the modification takes effect from the effective date specified in the circular.

GST audit framework under Assam law sets manual procedures, taxpayer duties, advance notice, record checks, and time-bound reporting.
GST audit under the Assam Goods and Services Tax Act is to verify turnover declared, taxes paid, refunds claimed, input tax credit availed and overall compliance by registered taxpayers. The instruction prescribes manual audit procedures until the electronic module becomes functional, including case allocation, advance notice in FORM GST ADT-01, examination of records and returns, confidentiality, peer review of draft reports and time-bound completion. It also sets out taxpayer rights, duties, indicative documents to be produced and record-maintenance requirements for audit monitoring.

Electronic filing of Non-Preferential Certificate of Origin expands online, enabling digital submission and QR-based verification while paper options remain available.
Electronic filing of Non-Preferential Certificate of Origin (CoO) is enabled on the Common Digital Platform to accept online applications producing electronic, original and duplicate copies with image signature and stamp; QR code and certificate number verification are provided; attestation of supporting documents and wet ink signed printed copies remain available where required. Applicants must register and use a Class III Digital Signature Certificate, with IEC details auto populated from the DGFT database and existing credentials usable for registered e CoO users.

Change in control: family transfers and succession treated variably; prior approval and fit and proper checks govern new controllers.
Transfers among immediate relatives and transmissions of shareholding in unlisted corporate intermediaries do not constitute change in control; proprietary firm transfers or transmissions that alter legal formation or ownership do constitute change in control requiring prior approval and fresh registration; partnership firms permit inter se transfers among multiple partners without change in control, but induction of a new partner or alteration on death without deed provisions may constitute change in control. Incoming controlling persons must satisfy fit and proper person criteria under SEBI intermediary regulations.

Combating Financing of Terrorism: SEBI mandates intermediaries to implement revised UAPA Section 51A procedures for compliance.
SEBI directs all registered intermediaries, stock exchanges and depositories to strictly comply with the Government of India's revised procedure for implementation of Section 51A of the Unlawful Activities (Prevention) Act, 1967 concerning combating financing of terrorism, and to align their AML/CFT processes with this order while continuing to follow SEBI's existing AML/CFT guidelines.

Advance filing of Bills of Entry is proposed to enable pre-arrival assessment and reduce customs clearance time.
The proposed amendment to Section 46 of the Customs Act, 1962 would mandate advance filing of Bills of Entry for pre-arrival processing and assessment. Subject to enactment, importers would file Bills of Entry by the end of the day preceding arrival of the carrying vessel, aircraft or vehicle. Different deadlines may be prescribed for specified cases, but filing cannot be later than the end of the day of arrival. Possible relaxations for certain land, airport and short-haul imports may be considered after the amendment takes effect.

Duplicate PAN allocation: revised administrative rule ties re allotment to ITR filing status, with audit log review required.
The Directorate revises PAN duplication policy so outcomes turn on ITR filing status: if the first allottee has not filed ITR but the second has, the first receives a new PAN and the second keeps the original; if neither filed ITR, the first retains the original and the second is given a new PAN. Cases where both filed ITR for part years, and other uncategorised cases, require information on pending demands and refunds and approval of ADG(System)-1. Field officers must analyse PAN details and audit logs before applying the instruction.

Installation deadline extension for radiation portal monitors and container scanners allows additional time for compliance at designated sea ports.
Amendment extends the deadline for installation and operationalisation of Radiation Portal Monitors and Container Scanners at designated sea ports by amending Para 2.54(d)(v)(ii) of the Handbook of Procedures, 2015-2020, issued under powers conferred by Para 1.03 and 2.04 of the Foreign Trade Policy, 2015-2020, thereby providing additional time to comply with the installation and operationalisation requirement.

FETERS Cards reporting requires banks to submit detailed international card and UPI transaction data to the RBI portal.
Mandatory submission by Category I Authorised Dealer banks of FETERS-Cards returns on the RBI web portal detailing international credit/debit card and UPI transactions with MCC, country, currency, amount (payment/refund) and transaction modality (card present/not present; QR code scan). Reporting covers forex sales by card issuing ADs and forex purchases by merchant acquirer ADs across PoS, e commerce and account transfers, to be submitted within seven working days of month end, effective for transactions from April 1, 2021, under Sections 10(4) and 11(2) of the Foreign Exchange Management Act, 1999.

Refund eligibility under GST clarified for deemed exports, zero-rated supply reporting errors, and adjusted total turnover calculation.
Clarifies that recipients of deemed export supplies may claim refund subject to prescribed undertakings, extends the relaxation for wrongly reported zero-rated supplies in FORM GSTR-3B for specified periods, and confirms that the amended valuation of zero-rated supply of goods applies equally while computing adjusted total turnover under Rule 89(4) for refund of unutilised input tax credit.