Client securities handling: mandatory prompt transfer to client demat accounts and prohibition on pledging client securities to raise funds.
TM/CMs must transfer securities received in pay-out for which clients have paid from the pool account to the client's demat account within one working day. Unpaid securities must be moved to a separate client unpaid securities account and either transferred to the client upon payment or sold from the client's UCC within the prescribed trading-day limit, with profits or losses adjusted to the client. Client securities in specified client accounts are prohibited from being pledged or transferred to banks/NBFCs to raise funds; previously pledged securities must be unpledged or returned or disposed after notice within the transition timeline.

HSN classification of stone and marble handicrafts placed under heading 6802, with eight digit subheading determined by customs officers.
The Board clarified that stone and marble handicrafts are classifiable under heading 6802 subject to compliance with the explanatory notes to that heading; however, eight digit subheading classification must be decided by the concerned Customs Officers based on the factual specification of each item, and stakeholders may raise difficulties with the Deputy/Assistant Commissioner in charge of Appraising Main (Export).

Testing facility verification before outsourcing ensures samples go to capable revenue laboratories and reduces external referrals.
Samples for customs testing must be forwarded outside only after confirming that the jurisdictional revenue laboratory lacks the required testing facility; groups may instead send samples to another revenue laboratory that has the capability. CRCL will maintain and update a public list of laboratory testing facilities to prevent delays, and stakeholders should consult referenced circulars and notify the Chennai-Import Commissioner's office of difficulties via the provided contact details.

Exemption from additional customs duty on re-imported jewellery where export occurred under bond or LUT without sale, subject to notification conditions.
Applicability of additional customs duty on re-imported jewellery turns on whether central excise liability arose by reason of a sale. Jewellery exported under bond or simple LUT without sale does not attract repayment on re-import because excise liability under the Articles of Jewellery Collection Rules arises at first sale; such re-imports fall under the notification's residuary entry and, if other notification conditions are met, no additional customs duty is payable. Exports under rebate, however, implicate repayment of the rebate on re-import.

Partnership remuneration and interest limits: assessors must verify deeds, compute book profit and cross check partner returns.
Assessing Officers must cross verify firm expenditures like interest on capital and partner remuneration with partners' returns and obtain the partnership deed to ensure payments are authorised and relate to periods after the deed. Interest and remuneration must be computed and allowed strictly in accordance with the partnership deed and limited by the aggregate ceiling based on book profit, excluding non business income. AOs should enforce compliance that can deny deductions, prevent profit inflation for preferential deductions, verify carry forward claims on change of constitution, and use tax audit reports effectively.

Set-off of losses allowed against income under section 115BBE for periods prior to the statutory amendment.
The prohibition on allowing deduction, allowance or set-off of any loss against income treated as deemed income arises from the Finance Act, 2016 amendment and applies only from the amendment's operative date; assessee are entitled to claim set off of losses against deemed income for periods before that operative date and assessments and litigation for those periods should be aligned accordingly.

Project Import registration required through ICES module; projects and PI bonds must be registered before filing import declarations.
ICES-based mandatory Project Import registration requires generating a Project Number via the license-registration form (LIC role, approved in APR role), quoting scheme code PI, entering all import items with CIF in foreign currency, and linking to a PI-category national provisional bond. A PI bond must be registered (REB/ACB roles) before project registration; the issued 10-digit license number beginning with 99 serves as the Project Number to be quoted on Bills of Entry and used to debit item-wise quantities and values against the project ledger.

Confidentiality in settlement applications: criteria for protected cooperation and reduced charges under settlement regime guidance procedures
Assurance of confidentiality in settlement applications under Chapter IX depends on the nature and value of assistance in examination proceedings: whether cooperation preceded knowledge of proceedings or related action, whether the applicant first reported the misconduct, voluntariness and completeness of disclosures, provision of non privileged or original information that prompts or expands an inquiry, the conservation of regulatory resources, inducement of others to cooperate, and whether cooperation led to successful enforcement; adverse factors such as prior violations, managerial responsibility, tolerance of illegality, delay in reporting, interference with compliance, inadequate remediation, or other sanctions may negate confidentiality.

Commodity index futures permission: exchanges must obtain prior regulator approval and meet index construction and risk-management standards.
Recognised stock exchanges may introduce futures on commodity indices only after obtaining prior regulatory approval and submitting historical index data; they must comply with index construction standards (IOSCO compliance, constituent eligibility, turnover and concentration limits, transparent rebalancing and roll-over), publish real time index values and methodology, make specified public disclosures, and implement product-design and risk-management frameworks (cash settlement, VWAP-based final price, position limits, and CPMI IOSCO compliant margining and monitoring).

Adjudication time limits require prompt final orders after intelligence inspections, with limited extensions and stay exclusions.
Amendments require inspecting-team heads or authorized officers to pass final assessment or adjudication within 45 days of inspection completion, extendable by the Joint Commissioner (Intelligence) for 15 days and further by the Commissioner for valid reasons; periods of judicial or appellate stay are excluded. For roving-squad cases and adjudication under section 129, the adjudicating officer shall finalize handed-over cases, release goods on prescribed payment, and follow prescribed timeframes for orders, with goods liable to confiscation if payment or representation conditions are not met and a 15 day period allowed to pay fine in lieu of confiscation.

IGST refund on exports: rectify SB001-SB005 and SB003 shipping bill errors and file correct EGM to enable refund processing.
Processing of IGST refund claims requires rectification of Shipping Bill errors SB001-SB005 and SB002 EGM/Stuffing errors so that Shipping Bills migrate from the IGST Temporary Scroll to the final Scroll under Rule 96 CGST Rules, 2017; exporters must file correct EGMs before departure, rectify GSTR 1 entries for invoice mismatches, submit reconciliatory documents (GSTR 1/Table 6A, GSTR 3B, concordance table), and, where needed, file a Revised Refund Request for differential IGST following Circular No. 40/2018 and Public Notice No. 101/2018. Manual officer-interface processing is available only for Shipping Bills filed up to 15.11.2018; Annexures A-D list affected Shipping Bills.

Cargo inspection obligations ensure UNSC DPRK sanctions are enforced via customs screening and origin verification.
Customs must enforce UNSC resolutions by identifying and preventing use of front companies and opaque ownership structures to evade prohibitions, exercising due diligence over country-of-origin and destination declarations, and inspecting cargo originating in, destined for, brokered by or transported on DPRK flagged conveyances, while minimising disruption to legitimate humanitarian shipments.

Project import registration: electronic project numbers and mandatory PI bond use required for filing project import declarations.
A Project Import Module in ICES requires digital project registration in the LIC role with scheme code PI, mandatory PI bond registration, entry of all import items with CIF in foreign currency and bond details, and issuance of a system project number upon APR approval. PI bonds are national provisional bonds usable at any port and will be debited item wise; import declarations must quote the project number and PI scheme code and will reflect corresponding ledger debits. Finalization and bond re crediting will use existing FAO and FDC role processes, and registration is compulsory for live and future projects.

SEZ approvals and extensions: co developer authorisations, conditional name/shareholding changes, and appeal decisions ensuring regulatory compliance.
The Board of Approval considered extensions of approvals and LoAs, authorised multiple co developer arrangements for construction and operation of SEZ infrastructure subject to co developer agreements and standard SEZ Act and Rules conditions with lease periods capped at thirty years, and approved changes of name or shareholding subject to continuity of SEZ obligations, eligibility and tax and statutory compliance including furnishing financial and PAN details to revenue authorities. The Board adjudicated appeals-allowing one withdrawal of exit permission but rejecting others where mis declaration, non compliance or negative NFE were found-and directed administrative follow up including show cause notices and committee reviews.

Revocation of cancellation of registration: filing allowed with required returns and thirty day compliance for retrospective cancellations.
Clarification sets procedural conditions for filing applications for revocation of cancellation of registration: applicants must furnish all returns due up to the date of cancellation and pay any amounts due before applying; returns covering the period from cancellation to revocation must be filed within thirty days of the revocation order; and where cancellations are retrospective and the portal prevents filing, a proviso permits revocation applications provided returns for the retrospective period are furnished within thirty days of revocation.

RMS facilitated bills of entry: procedural recalls approved at ADC/JC level; revenue-impacting recalls need higher approval.
Procedural recalls of RMS facilitated bills of entry that do not affect duty shall be approved at ADC/JC group level to expedite assessment, while recalls involving substantive changes with potential revenue implication (quantity, weight, value, preferential tariff benefits) require prior approval of the Joint/Additional Commissioner; officers must always record specific reasons in ICES and maintain a fortnightly countersigned register of recalled B/Es.

Project registration requirement: bills of entry for project imports must quote project registration and bond numbers or will be disallowed.
The ICES Project Imports module requires electronic registration of Projects and Project Import Bonds; field formations must register existing and new projects. From the module's second-phase rollout, Bills of Entry for project imports under CTH 9801 will not be accepted unless the corresponding Project Registration Number and Bond Number are quoted in the declaration; implementation issues must be reported to the Additional/Joint Commissioner and the notice's measures constitute a standing order.

Sea Cargo Manifest Regulation introduces advanced manifest obligations and reallocates stakeholder responsibilities for sea cargo reporting.
The Sea Cargo Manifest and Transhipment Regulations, 2018 impose new advance manifest and transhipment obligations effective 01.08.2019 that reshape manifest procedures and assign enhanced responsibilities to shipping lines, agents, freight forwarders, custodians, and terminal operators. ICES modifications are underway to implement the electronic filing and processing requirements, and stakeholders are requested to nominate representatives to attend an introductory training programme on 19.06.2019 to ensure readiness and compliance with the new regime.

IGST refund verification tightened with suspension of refunds until GST field formations confirm legitimacy of input tax credit claims.
IGST refunds linked to potentially fraudulent or ineligible ITC claims will be suspended pending verification by GST field formations. DG (Systems) and RMCC will identify risky exporters and insert alerts requiring 100% examination; Chief Commissioners of Central Tax must obtain GST verification within thirty days and forward findings to RMCC and port customs. Customs will process refunds only where GST verification confirms ITC legitimacy and will withhold refunds where GST reports fraud or ineligibility.

Delegation of power to intercept conveyances and inspect documents, devices and goods clarifies which tax officers may exercise inspection authority.
The order amends a prior Schedule to designate Deputy Commissioner, Assistant Commissioner, State Tax Officer and State Tax Inspector as proper officers empowered to intercept any conveyance and to inspect documents, devices and goods, thereby specifying which ranks within the State GST administration may exercise the statutory inspection and interception functions.