Cash Reserve Ratio maintenance reduced under Section 42(1), lowering banks' daily compliance burden and easing liquidity management.
Change under Section 42(1) of the Reserve Bank of India Act reduces the daily minimum Cash Reserve Ratio maintenance obligation, lowering the daily compliance threshold banks must hold and thereby easing intrafortnight liquidity requirements; the reduction is communicated by Reserve Bank circular to scheduled commercial banks, regional rural banks and scheduled cooperative banks with a specified effective fortnight.

Bank rate reduction lowers penal interest on reserve shortfalls, changing penalty calculations for banks from the effective date.
Bank rate reduced by seventy-five basis points, changing the reference rate used to compute penal interest on shortfalls in reserve requirements. Penal interest rates linked to the Bank Rate remain expressed as the Bank Rate plus specified margins and are revised downward to reflect the lower Bank Rate; banks must apply the revised structure from the effective date in the circular.

Taxpayer service via Twitter enables trade to register local suggestions and grievances excluding policy matters.
Office of the Chief Commissioner of Central Excise, Delhi Zone has created a Twitter account to enable Trade and Industry, particularly Central Excise assesses and service providers, to register suggestions, queries and grievances related to local operational issues, expressly excluding matters directly related to policy, as a supplementary communication channel for taxpayer service.

Customs area approval enables regulated loading and unloading at the Inland Container Depot, Borkhedi within specified bonded limits.
Approval designates the Inland Container Depot, Borkhedi, as a Customs Area for loading and unloading import and export cargo under customs statutory authority; it specifies a total customs bonded area of 15,750 square meters and describes the site's boundaries by survey numbers and adjoining ownership to delimit the customs-controlled zone.

E filing enabled for ITR 1 and ITR 4S; Form 35 and substituted withholding forms available online with DSC required.
E filing of ITR 1 and ITR 4S for AY 2016 17 has been enabled on the Income Tax Department portal; other ITRs will follow. Electronic filing of appeals using newly notified Form 35 is enabled for taxpayers required to e file with a Digital Signature Certificate, with EVC support to be provided for other categories. Substituted Forms 15CA, 15CB and 15CC (per Notification No. 93/2016) and Forms 9A and 10 (per Notification No. 3/2016) are available for e filing effective 1 April 2016, with DSC required for online submission and EVC to be enabled shortly.

Personal examination of grievances: senior officers to perform designated CPGRAMS reviews weekly with centralized monthly reporting.
Senior officers are required to personally examine a designated number of CPGRAMS grievances weekly according to rank, with monthly monitoring reports forwarded by principal field officers to Zonal Members by the fifth of the succeeding month; Members of the Board will consolidate and forward reports to the Chairman for submission to the Secretary (Revenue). CIT(C&S) will provide CPGRAMS access credentials to Members to enable direct zonal monitoring.

Authorised Dealer Code requirement: AD Code must be declared in the Bill of Entry to validate outward remittance and filing.
Declaration of an Authorised Dealer (AD) Code is mandatory in the Bill of Entry main table (a seven digit code) though prior registration is not required; UCR fields may be left blank pending notification. The Enduse field is converted from free text to a coded value from published directories and must be entered as code only. Payment Method Code is mandatory with a default transaction indicator. Multiple new fields and tables (third party payee, manufacturer/source/transit country, HSS preceding level, INFO_TYPE/INFO_QUALIFIER/INFO_CODE, control codes) are introduced, with several fields permitted to remain blank until agency guidance is issued.

Vehicle registration in EDI system mandatory for handling custom transit cargo to Nepal; registration and approval required.
Registration in the EDI system is mandatory for handling Custom Transit Declaration cargo to Nepal; transporters, CHAs and importers must submit transporter name, address, vehicle number, chassis number, engine number and supporting documents to the designated Preventive Officer of the Nepal & Bhutan Unit, who will enter details in the EDI system for approval by the concerned Deputy/Assistant Commissioner.

Weekly Open House to address pending DGFT applications; submit issues by Tuesday via designated email for review.
Establishment of a Weekly Open House provides a recurring forum for applicants to raise pending DGFT issues; sessions are held Wednesdays 2.30-3.30 p.m. at the conference hall, and applicants must submit complete details and participant names/designations by Tuesday evening to [email protected] with CC to [email protected] for coordination.

IEC and EDI contact procedure updated: designated official email channels established for pending applications and technical transmission issues.
Two designated official email channels have been established: one for queries on pending IEC applications and modifications filed with the regional office, and another for technical faults, online module problems and transmission issues affecting EDI submissions; applicants should use their official organizational email addresses and may use the general contact channel for other matters.

Drawback claims processing relocated to Precious Cargo Customs Clearance Centre; exporters and CHAs must file and pursue claims there.
Drawback claims for gold and silver jewellery filed and processed under section 75 of the Customs Act, 1962 are relocated to the Precious Cargo Customs Clearance Centre (PCCCC), G Block, Bharat Diamond Bourse, Bandra Kurla Complex, Mumbai; all existing claims held at the Drawback Section, Air Cargo Complex (Exports), Sahar, Mumbai are being transferred to PCCCC for processing and stakeholders must submit future claims there.

Issue of Indian currency notes: restriction on denomination for travellers and ship captains withdrawn under revised guidelines.
In light of revised Reserve Bank guidelines, the Customs Board has withdrawn the restriction on the denomination of Indian currency that may be carried by an Indian traveller or by a ship's captain, referencing Board Circular No. 07/2016-Cus and superseding Circular No. 51/1999; trade is directed to the Board's website and asked to report any difficulties to the Board.

Single Window trade facilitation enables integrated electronic declarations and risk based clearances across multiple regulatory agencies, reducing delays.
Launch of a Single Window Interface for Facilitating Trade (SWIFT) creates an Integrated Declaration on ICEGATE consolidating Customs and multiple Partner Government Agencies' information requirements, replacing nine separate forms. The system implements an Integrated Risk Management facility for PGAs to enable risk based selection for examination and testing rather than routine checks, and accompanies procedural harmonisation including publication of standard operating procedures and establishment of Customs Clearance Facilitation Committees to streamline interagency clearance.

Verification of agricultural income data entry errors requested; priority consolidated feedback submission required for identified cases.
Field formations must verify 289 probable data-entry-error cases of agricultural income reported in ITRs for AY 2007-08 to 2015-16, using the list published on i-taxnet, and submit a consolidated region-wise electronic report (xls/xlsx) by the stated deadline by e-mail to the Directorate so corrected figures can be compiled for reporting in connection with the PIL.

Discontinuation of physical savings certificates: transition to electronic-mode issuance, banks and post offices to follow notified serial rules.
Physical pre printed NSC and KVP certificates are discontinued and replaced by e mode issuance; until CBS transitions, banks and post offices may issue a physical certificate recorded on a passbook. Banks and DoP must use the new serial numbering pattern allocated to them and may rely on the referenced G.S.R. notifications available on the e gazette when issuing certificates.

Customs declaration requirement: passengers with dutiable or prohibited goods must complete the form and use the red channel on arrival.
International passengers must complete the Indian Customs Declaration Form only if they have goods to declare or are carrying dutiable or prohibited goods and must report to the Customs Red Channel on arrival; passengers with nothing to declare may pass through the Green Channel without completing the form. Clarifications are available at the airport Help Desk, the Customs Public Relations Officer in the arrival hall, or via the designated online contact point; the instruction took effect from 1 April 2016.

Issue of Indian Currency Notes: denomination restriction lifted for foreign-going vessels, aligning with revised central bank guidelines.
The Customs authority withdraws the earlier denomination restriction on Indian currency notes carried by foreign-going merchant vessels, following revised central bank guidelines and CBEC circular no. 7/2016, allowing ships to carry Indian currency without the prior limitation for onboard disbursements; a corrigendum corrects the public notice number and directs stakeholders to note the change for compliance.

E-payment deadline extension allows electronic tax payments until midnight, with extended bank hours for payment facilitation.
Designated agency bank branches conducting government business were directed to keep counters open full day on 30 March and until 8:00 p.m. on 31 March, while electronic transactions would continue until midnight on 31 March; assessees may make e-payments up to midnight on 31 March and trade associations are requested to inform members of these temporary banking-hour and e-payment arrangements.

Ind AS applicability requires phased disclosure alignment in offer documents under SEBI ICDR, including transitional restatements and disclosures.
SEBI requires offer-document financial disclosures to follow the MCA phased Ind AS roadmap: specific prior years must be presented under Ind AS or prior accounting standards depending on filing date, issuers may opt to present all five years under Ind AS, and transition-year figures require restatement adjustments. Interim disclosures must follow the latest year's accounting policy. Where Ind AS is used, the issuer must state that fact, explain differences from prior standards, provide Ind AS 101 transition and interim disclosures, apply consistent accounting policies across disclosed years, and ensure Ind AS disclosures are audited or reviewed under SEBI (ICDR) Regulations.

Integrated Declaration requires revised Bill of Entry with mandatory coded fields and specified statement codes for imports.
Implementation of Integrated Declaration requires a revised Bill of Entry format with newly added mandatory fields that may lead to BE rejection if not filled. ICEGATE hosts the technical specifications, directories and PGA filing guidelines. Operational changes include provisioned blank fields for future use, third party invoice entries for RBI reporting, expanded RSP flags, mandatory coded end use values, accessory status, Preceding Level in HSS, a commercial tax type flag for concessional excise cases, and a Statement Table with required statement codes and Statement Type DEC.