Monitoring of repayment obligations: trustees must verify issuer payment status and promptly report it to credit rating agencies.
Debenture trustees must maintain systems to verify interest and principal payments and, before each due date, seek ISIN-wise confirmation from issuers and inform CRAs. Trustees must provide ISIN-wise updates to CRAs by one day after the due date indicating payment made, delay/default, or no information; if information is initially unavailable, trustees must update CRAs when it becomes available, and must use multiple sources and periodic reports to ascertain payment status.

Acceptance of e-PAN for KYC: electronic PAN accepted for FPI KYC compliance under regulator directive.
Electronic PAN issued by the tax authority is authorised for use by Foreign Portfolio Investors to satisfy KYC requirements; DDPs, custodians and KYC Registration Agencies must accept the e-PAN while existing KYC instructions from the earlier circular remain unchanged.

Monitoring obligations for credit rating agencies require proactive default detection and prompt public disclosure of payment delays.
CRAs must maintain proactive ISIN-wise surveillance to detect payment defaults and credit deterioration, follow up with issuers and debenture trustees when payments are unconfirmed, and issue a press release and refer cases of non-cooperation to the regulator if issuers do not respond within prescribed days. CRAs must review ratings on specified material events and disseminate press releases within set timelines, obtain a monthly No Default Statement from issuers with expedited review if delays are disclosed, ensure written rating agreements with clauses obliging timely information provision, and subject compliance to half-yearly internal audit.

Office locations for Central Tax divisions designated, with interim operation from nearby offices until permanent premises are hired.
The notice specifies physical locations for new Division and Range offices under Central Tax Commissionerate Patna II, designating certain addresses as Interim Locations where functions will run from existing nearby offices until suitable permanent premises are hired, and directs trade and industry associations to refer to the annexure for current operational addresses.

GST roll out: IGST and Compensation Cess replace CVD/SAD on most imports; exports treated as zero rated with refund options.
Guidance clarifies that from 01.07.2017 IGST and, where applicable, GST Compensation Cess replace CVD/SAD on most imports, with IGST/cess levied where bill of entry is filed on or after that date; basic customs duty and specified cesses continue and anti dumping/safeguard duties are includible in IGST/cess valuation. Importers must quote GSTIN to enable ITC of IGST/cess; exports are zero rated with refund options via bond/LUT or refund of IGST paid. Transitional and drawback provisions, changes to shipping/bill formats, and special treatments for SEZ/EOU and project imports are provided.

Indian Customs EDI at Jakhau Port enables electronic filing, automated assessment, licence and bond management for imports and exports.
ICES 1.5 at Jakhau Port mandates electronic filing and automated processing of Bills of Entry and Shipping Bills, requires pre filing registrations (IE Code, brokers, carriers, licences, ICEGATE), and deems a declaration self assessed when the system generates a Bill/Shipping Bill number. The system auto assigns B/Es to Appraising Groups, enforces bond/licence registration and centralized ledgers, applies exchange rates and tariff directories for valuation and duty calculation, supports RMS facilitation for risk based routing, and conditions goods registration/out of charge on payment, bond/BG debits and required documentary verification.

Priority assessment for DPD bills of entry: action required within six hours, with mandatory escalation if unresolved.
Requests from DPD importers to Group AC/DC by letter, SMS/WhatsApp or designated email must be attended as a priority; if a Bill of Entry is not assessed within six hours the Group AC/DC must refer it to the ADC/JC, and unresolved matters on the same working day must be escalated to the Commissioner. A databank of such requests must be maintained.

IGST declaration and GSTIN identification: importers and exporters must record tax and identifier data for online credit reconciliation.
Implementation of GST in Customs requires amendments to Bill of Entry and Shipping Bill electronic declarations to record IGST, GST Compensation Cess, notification/serial identifiers, duty and exemption flags, and CETH or NOEXCISE entries. Importers and exporters must declare State Code and GSTIN/identification type to enable apportionment and input credit; required BE/SB data (port code, BE number/date, IGST taxable value and amounts, IGST payment status) will be validated online with GSTN for seamless credit flow. Shipping Bill and drawback provisions also changed to capture invoice compliance, itemwise taxable values, container details, and transitional drawback certifications.

Indian Customs EDI (ICES 1.5) launched at Jamnagar mandates electronic filing, license/bond registration, RMS-based processing.
ICES 1.5 is launched at JAMNAGAR requiring electronic filing of import Bills of Entry and export Shipping Bills with mandatory registration of IE-Codes, Customs Brokers, carriers and DGFT licenses; self-assessment occurs on generation of a BE/SB number, automated valuation and workflow assignation follow system directories and exchange rates; bond/license/DEPB registration and centralized ledgers enable online debits/re-credits; RMS guides facilitation, assessment and examination; and service centre, ICEGATE, digital signature, e-payment, and Single Window interfaces are prescribed for operational compliance.

GST implementation: Customs office to remain open for transition, staff available to facilitate trade operations.
Implementation of GST requires administrative measures to ensure continuity of import and export operations during the transition; the customs office will remain operational on the initial days of roll out and officers and staff are directed to be present to process consignments and assist trade stakeholders to mitigate disruption and provide on site procedural support.

GST query resolution: dedicated Feedback and Action Room provides guidance during rollout via designated email and helplines.
A Feedback and Action Room staffed by an Additional Director General-level officer and eight Assistant Commissioners has been created to clarify GST implementation issues; it accepts queries via designated helpline numbers and a specific email address and coordinates with existing Air Cargo Complex Nodal Officers.

Amendment to Customs notification issues guidance to importers and clearing agents on amended import procedures.
An amendment to Customs notification revises Notification No. 142/2016 by Notification No. 45/2017 dated 11.05.2017; the amending notification is enclosed with the public notice and published on the central customs website for guidance of importers, clearing agents and the trading public.

Customs GST roll out: IGST replaces CVD/SAD on most imports; exports treated as zero rated with refund or LUT options.
Guidance sets out that from 1 July 2017 most Additional Duties (CVD/SAD) are replaced by IGST, specified goods attract GST Compensation Cess, and exports are zero rated supplies. IGST and Compensation Cess are levied on imports arriving or declared on/after that date, with IGST calculated on assessable value plus customs duties and specified additions (including anti dumping and safeguard duties). GSTIN must be quoted on Bills of Entry for importers to claim ITC; Bill/Shipping Bill formats and IT systems will be amended; transitional provisions and detailed duty calculation illustrations and refund/drawback options are provided.

Customs document amendment fees updated: specified fees now apply to amendments, cancellations and supply of certified copies.
The Levy of Fees (Customs Documents) Amendment Regulations, 2017 amend regulation 3 to prescribe fees for amendment, supplementation and cancellation of specified customs documents-including import/export manifests, shipping bills, port clearance and outward entry applications, and short shipment notices-and for supply of certified copies of bills of entry and other customs documents, while exempting amendment of prior Bills of Entry filed under the proviso to subsection (3) of section 46 of the Customs Act from fee liability.

Goods and Services Tax implementation prompts customs, IGST and procedural changes; stakeholders must review notifications and ensure compliance.
Introduction of Goods and Services Tax requires concurrent amendments to customs law and procedure and is accompanied by multiple Customs, IGST, Integrated Tax Rate and Compensation Cess notifications. The notifications bring specified provisions into force, amend exemption and drawback rules, introduce revised Shipping Bill and Bill of Export regulations, notify IGST rules and rates, prescribe HSN requirements and interest rates, and notify compensation cess provisions. Stakeholders are advised to familiarise themselves with these changes and report difficulties to the office.

Manual filing of bills of entry: digital procedure requires system job numbers, ICES assignment and e-payment integration.
Manual filing of bills of entry in EDI locations is limited to authorised exceptional cases; after permission basic BE details are entered into ICES and a system job number assigned, IGM details are linked where applicable, and the declaration is approved by the Deputy/Assistant Commissioner in ACL role. A system-generated running Bill of Entry number is assigned, paper assessment proceeds, licence debits are made manually beforehand, duty payment is completed via the e-payment portal with automated receipt integration, OOC and examination entries are recorded in ICES, and copies of manual BEs are to be preserved for inspection and cross-verification.

Proper officer allocation under GST assigns jurisdictional functions across tax ranks for enforcement, adjudication, recovery, and related powers.
Allocation of functions under the Uttarakhand Goods and Services Tax Act, 2017 distributes specified statutory powers among designated proper officers. The order is issued under section 5 and the definition of proper officer, and requires that the listed functions be performed only within the respective jurisdiction of the officer to whom they are assigned unless otherwise specified. The schedule allocates enforcement, investigation, adjudication, recovery, refund and related functions among officers of different ranks.

Jurisdiction of Commissioner of Central Tax (Audit) assigned within Ahmedabad zone under CGST Act; territorial powers vested accordingly.
Commissioners of Central Tax (Audit) and their subordinate Central Tax Officers are assigned territorial jurisdiction within the Principal Chief Commissioner of Central Tax, Ahmedabad Zone pursuant to Notification No.2/2017 Central Tax dated 19.06.2017, effective 22.06.2017, and are vested with all powers under the Central Goods and Services Tax Act, 2017 and the Integrated Goods and Services Tax Act and rules for the specified jurisdictions; detailed commissionerate and audit circle allocations appear in Annexures I and II.

State GST accounting framework centralises GSTN challans, RBI e-scrolls and e-Treasury reconciliation for electronic ledgering.
Creates an integrated GST accounting framework: GSTN as single source for authenticated challans and payments; RBI e-Kuber to consolidate bank luggage files and issue digitally signed e-scrolls and clearance memos; State e-Treasury/e-GRAS to ingest authenticated data, reconcile CIN/CPIN, post SGST accounting to head-wise ledgers, initiate MOEs and RAT bookings for discrepancies, and render monthly electronic accounts to the Accountant General; NIC, Commercial Tax Department and DTA to handle technical integration and domain support.

ISIN allocation limits for debt securities establish issuance caps and mandatory semi annual reporting and disclosure obligations effective immediately.
An ISIN allocation framework limits private placement ISINs to seventeen maturing per financial year plus twelve additional ISINs for section 54EC capital gains tax debt; within the seventeen, up to twelve ISINs are for plain vanilla debt and up to five for structured/market linked debt, with original maturity determining ISIN grouping for instruments with embedded options. Specified regulatory capital instruments are exempt. Issuers must amend their Articles of Association within six months and comply with detailed semi annual reporting to exchanges and depositories, which will upload and reconcile data and report violations to SEBI.