Inter bank and customer forex trading beyond onshore market hours now permissible for authorised dealer Category I banks.
Authorised Dealer Category I banks may voluntarily undertake customer (residents and non residents) and inter bank foreign exchange transactions beyond onshore market hours, executed out of their Indian books or through overseas branches and subsidiaries, pursuant to an amendment to Part C of the Master Direction-Risk Management and Inter Bank Dealings; this permission is subject to any other statutory permissions or approvals required.

Capped additional contribution by non-defaulting members limits and structures replenishment obligations after defaults.
Contributors must make monthly Core SGF contributions before the month; where Core SGF is used, members must replenish their individual usage immediately but only once within a thirty calendar day period from the Clearing Corporation's notice of default. Failure to replenish is temporarily met first by the Clearing Corporation and then by the regulator. Layer VII allows a single-call capped additional contribution by non-defaulting members within the same thirty day window, permits unconditional resignation subject to settlement and dues, caps contributions by segmental limits, and allows allocation of unrecovered losses to the prior layer with regulator approval.

Issuer not cooperating (INC) ratings: downgrade to non-investment grade and suspension of new ratings until cooperation resumes.
SEBI requires CRAs to downgrade instruments to non-investment grade with INC status where an issuer's ratings remain non-cooperative for a prolonged period and to suspend assignment of new ratings until cooperation resumes or withdrawal. It prescribes a standard No Default Statement template for issuer confirmations of defaults and payment delays, and permits earlier withdrawal of ratings on multi-rated instruments subject to continuous rating tenure, a bondholder no-objection certificate, and an issuer undertaking; withdrawal must be accompanied by an assigned rating and a press release explaining reasons.

Import testing and sampling procedures for toys require representative sampling, NABL lab testing, and No Use Bond conditions for provisional clearance.
Amendment prescribes representative sampling at First Check for imported toys with a specified minimum coverage, generation and countersignature of a Test Memo, sealed transfer of samples to the importer's representative for forwarding to a NABL laboratory, and submission of a duplicate sealed test report to the Deputy/Assistant Commissioner. Importers may warehouse consignments pending tests; AEO clients may obtain provisional clearance on execution and upload of a No Use Bond and undertaking, with final clearance only after successful testing. Failed samples trigger further testing of other models, clearance only for goods meeting BIS standards, and re-export or destruction of nonconforming goods at the importer's expense.

Change of corporate control approved with conditions requiring continuity, regulatory compliance and tax authority notification.
BoA approved multiple extensions, granted formal approval for a new IT/ITES SEZ, authorised co developer roles for data centre and FTWZ development, and approved or gave in principle approval to name, constitution and shareholding changes subject to conditions: seamless continuity of SEZ activities; fulfilment of eligibility and security clearances; compliance with Revenue/Company Affairs/SEBI rules on capital gains, equity transfers and taxability; immediate furnishing of full financial details to Member (IT), CBDT and the jurisdictional authority; provision of PAN and assessing officer details to CBDT; and preservation of the Assessing Officer's right to assess taxability under the Income Tax Act. Environmental NoC and other statutory clearances were required where applicable.

One-time condonation under EPCG scheme extended to allow requests for export obligation and installation relief until end of March 2020.
One-time condonation measures under the EPCG Scheme are extended to allow receipt of requests in Regional Authorities until 31.03.2020 for block-wise extension, extension of Export Obligation periods, and condonation of delayed submission of installation certificates; prior delegation to Regional Authorities for one-time relaxation without penalty and all other terms of the earlier Public Notices remain unchanged.

Condonation of delay in filing Forms 9A and 10 permits belated submissions within one year subject to reasonable-cause and investment checks.
For assessment year 2018-19 and subsequent years Commissioners of Income-tax are authorized to admit belated electronic submissions of Form No. 9A and Form No. 10 where delay does not exceed one year, provided the Commissioner is satisfied that the assessee was prevented by reasonable cause from timely filing; in respect of Form No. 10 the Commissioner must also verify that accumulated amounts have been invested or deposited in the permissible modes for accumulated funds.

Condonation of delay in filing Form 10B allows commissioners to admit belated audit report applications on merits.
The CBDT authorises condonation mechanisms for belated filing of Form No.10B: delays where the audit report was obtained before filing but furnished after filing yet before the due date have been condoned for earlier specified years; for the assessment year 2018-19 and subsequent years, commissioners may admit and decide belated applications within a prescribed period, provided they are satisfied the assessee was prevented by reasonable cause from filing timely, and must examine each application on its merits before exercising discretion to condone delay and affect exemption entitlement under sections 11 and 12.

Relaxation of time for compounding of offences - final extension allows eligible taxpayers to file compounding applications under existing conditions.
Extension of the filing window allows a final opportunity for taxpayers to apply for compounding of offences before the competent authority (Pr. CCIT/CCIT/Pr. DGIT/DGIT); all other conditions and procedural prescriptions of the earlier relaxation circular remain unchanged and continue to govern eligibility, documentation and processing of applications.

Import conditions for penicillin tightened: twelve month export obligation applies where imports originate from unregistered sources.
Amendment restricts the export obligation period for Advance Authorisations allowing import of penicillin and its salts to 12 months from clearance for consignments imported from unregistered sources, with a required endorsement on the Authorisation; imports from registered sources retain the normal export obligation period under the Foreign Trade Policy. 6 APA is removed from Appendix 4J and the SION general notes for Chemical and Allied Products.

Recovery of customs arrears: administrative escalation from demand notices and asset tracing to attachment and auction of property for unpaid dues.
Recovery of Customs revenue requires classifying arrears, maintaining prescribed registers, and escalating through written demands, inter agency asset enquiries, issuance of a statutory certificate to TRC, and allocation of a TRC file. The TRC issues statutory notices, conducts discreet inquiries, and, if unpaid, proceeds with attachment and sale of property under the Customs attachment Rules following handbook procedures; restrained arrears require claim registration and monitoring, while untraceable or unrecoverable cases may be escalated or proposed for write off.

Suspension of Ad-hoc Input-Output Norms removes authorization for specified cashew kernel exports pending further notice.
The Ad-hoc Input-Output Norms approved by the ALC (minutes no. 8/19 dated 20/07/2018, Case No. M-78) for export of Cashew Kernels Whole and pieces against import of Shelled Cashew Kernels in favour of M/s Olam Agro India Private Limited are suspended with immediate effect, and exports relying on those norms are no longer authorised under that approval.

Standard Input Output Norms amendment: SIONs for seven food products specify Dent Corn variety under ITC-HS classification.
Director General of Foreign Trade amends Standard Input Output Norms (SION) under Paragraph 1.03 of the Foreign Trade Policy to reinstate seven SION entries and amends the input item description from "Maize" to "Dent Corn (Zea mays var. indenta): Yellow with ITC-HS 10059011", with immediate effect as notified by Public Notice No. 52/2015-2020.

Line of Credit arrangement enables export finance for solar projects subject to export declaration and FEMA compliance.
Government-supported Line of Credit by Exim Bank to Banco Exterior De Cuba finances export of eligible goods and services for photovoltaic solar parks, requiring at least 75% Indian-sourced content, with shipments declared in the Export Declaration Form; no agency commission payable under the LoC though exporters may remit commission from their own funds or EEFC balances subject to realization and AD Category I compliance, issued under FEMA.

Extension of filing deadline for BEN 2 allowed without additional fee; BEN 1 filing aligned to same timeline.
The Ministry extends the filing deadline for e form No. BEN 2 without payment of additional fees until 31.03.2020; thereafter normal fee and additional fee rules apply. The filing date extension for BEN 2 is to be construed as applying correspondingly to Form No. BEN 1.