Relaxation of listing requirements permitted where Central Government seeks regulatory flexibility for strategic disinvestment, subject to investor protection.
A new sub regulation inserted into regulation 102 authorises the Board to relax strict enforcement of any requirement of the Listing Regulations if the Central Government applies in relation to its strategic disinvestment in a listed entity, provided the Board, after due consideration of the interest of investors and the securities market and for the development of the securities market, grants such relaxation.

Advance Ruling Authority reconstitution under GST law; composition updated and prior notification superseded by government notification.
Advance Ruling Authority reconstituted under the Jammu and Kashmir GST framework, exercising statutory powers to amend membership and replace the prior SRO 534 notification; composition now specifies an Additional Commissioner (State Taxes) for tax planning, policy and advance ruling and a Joint Commissioner from the CGST Commissionerate as members, establishing the personnel structure to process advance rulings under the regional GST regime.

De-notification of Special Economic Zone land reduces notified area and permits industrial use for manufacturing activity.
The Central Government, under the Special Economic Zones Act, 2005 and SEZ Rules 2006, has de-notified 8.90 hectares of the sector-specific SEZ at Mamidipally, Telangana-survey nos. 99/1/p (8.56 ha) and 133/p (0.34 ha)-reducing the SEZ to 84.10 hectares. The de-notification followed the developer's proposal, State no-objection, Development Commissioner's recommendation, and satisfaction that subsection (8) of section 3 and related requirements were met; the developer intends industrial use of the land for manufacturing and assembly of electrical devices and vacuum switching equipment components.

Authority for Advance Ruling reconstituted under section 96; two members appointed to the advance ruling body.
Reconstitution of the Delhi Authority for Advance Ruling is effected under section 96 of the Goods and Services Tax Act by superseding a prior notification; it takes immediate effect and specifies two members: a Central Government nominee appointed as member of the Central Government and a State Government nominee appointed as member of the State Government, identifying their offices and nomination basis as the operative appointments.

Commencement of SGST amendment: specified sections activated from the appointed date, excluding one clause and one section.
The State Government appoints 1st day of October, 2022 as the date on which sections 2 to 15 of the Tripura State Goods and Services Tax (Fifth Amendment) Act, 2022 shall come into force, excluding clause (c) of section 12 and section 13, by notification under sub section (2) of section 1 of the Act.

Commencement of GST amendment provisions appointed to take effect by state notification specifying operative date.
The State Government, invoking sub section (2) of section 1 of the Tripura State Goods and Services Tax (Fifth Amendment) Act, 2022, appoints the 5th day of July, 2022 as the date on which clause (c) of section 12 and section 13 of the Amendment Act shall come into force, by notification issued by the Finance Department dated 2nd December, 2022.

Input tax credit compliance requires reversal with interest for unpaid supplier invoices, while obsolete return forms and matching rules are removed.
The amendments strengthen return-filing compliance and revise input tax credit procedures. Registration may be cancelled for continuous non-furnishing of monthly returns for six months or quarterly returns for two tax periods. Input tax credit availed on supplies not paid within 180 days must be paid back with applicable interest through FORM GSTR-3B, subject to re-availment after payment. References to FORM GSTR-2 are removed, discontinued return-related rules and forms are omitted, and refund claims may include electronic cash ledger balances.

GSTR-9 filing period updated: returns now reference April-October with a specified filing deadline for affected months.
The Goa GST Rules amendment substitutes references in FORM GSTR-9 paragraph 7 and its Table so that periods denoted as April to September 2022 are replaced by April to October 2022 with a filing cut off of 30th November, 2022, and the amendment is effective from 15th November, 2022.

Special Additional Excise Duty rate for diesel revised, changing excise charge applicable to specified fuel exports.
Amends the tariff table of Notification No. 04/2022 Central Excise by substituting the entry in column (4) against the specified serial number with a revised per litre Special Additional Excise Duty rate, effected under statutory powers and coming into force on the stated commencement date.

Special Additional Excise Duty reduction on petroleum crude production and ATF export via amendment to central excise notification.
Amendment reduces the Special Additional Excise Duty on production of petroleum crude and export of aviation turbine fuel by substituting a revised entry in column (4) against the specified serial entry in the Table of Notification No. 18/2022 Central Excise; the change is made under statutory taxing powers and the notification specifies its commencement date.

Amendment to GST Rules redefines authority functions, omits specified procedural rules and updates authority definition.
The notification amends the 2017 GST Rules under statutory rulemaking power by omitting rules 122, 124, 125, 134 and 137; revising rule 127 to change the marginal heading from "Duties" to Functions and to replace duty language with an explicit statement that the Authority shall discharge specified functions; and substituting the Explanation's clause (a) to define "Authority" as the body notified under the Act. These changes take effect from the commencement date stated in the notification.

Exchange rate determination for customs valuation of imports and exports, superseding earlier notification and fixing new rates.
Central Board of Indirect Taxes and Customs determines rates of exchange for specified foreign currencies into Indian rupees for customs purposes, effective from 2nd December, 2022, superseding the earlier notification except as to prior actions. The determination provides separate rates for imported and export goods in Schedule I and sets rates per one hundred units for certain currencies in Schedule II, thereby governing customs valuation and related import/export calculations.

Appointment of Central Excise appellate officers grants authority to decide post-cutoff appeals within specified territorial jurisdictions.
Any Commissioner of Central Excise and Service Tax (Appeals) posted within the territorial jurisdiction of a Principal Chief Commissioner or Chief Commissioner is appointed as a Central Excise officer and vested with powers under the Central Excise Act, the Finance Act and relevant rules to pass orders in appeal in respect of appeals filed after the stated cutoff within that territorial jurisdiction, as may be assigned, with effect from publication in the Official Gazette.

GST rule amendments revise Authority functions, omit specified procedural rules, and redefine Authority under central law.
The amendment omits certain specified rules, replaces the marginal heading in rule 127 from "Duties" to "Functions" and substitutes duty-oriented wording with a functions-based formulation. The Explanation is revised to redefine "Authority" to mean the Authority notified under the corresponding provision of the Central Goods and Services Tax Act, aligning state rule terminology with the central statutory reference.

SCOMET updates 2022: Appendix 3 amended - export authorisation required; DTA SEZ reporting; SEZ exports regulated.
Annual SCOMET Update 2022 amends Appendix 3 (SCOMET items) to Schedule-2 of the ITC (HS) Classification of Export and Import Items, 2018 by Notification No.46/2015-2020, effective 30 days after issue, to be uploaded on the DGFT web portal. Export of listed SCOMET items is allowed only against an export authorisation unless specifically exempted. No export authorisation is required for supply from DTA to SEZ/EOU but physical export from SEZ/EOU to another country requires authorisation. DTA SEZ supplies must be reported to the SEZ Development Commissioner within one week, and the DC must file an annual report to DGFT by 15 May. Prior DGFT permission is mandatory before entering arrangements that permit foreign site visits, on site verification or access to records/documentation.

GST rule functions redefinition: Authority functions restated and several rules omitted under Odisha GST amendment.
The Odisha GST amendment omits rules 122, 124, 125, 134 and 137 and revises rule 127 by changing the marginal heading from "Duties" to "Functions" and substituting the operative wording so the authority "shall discharge the following functions". The Explanation's clause (a) is replaced to define Authority as the authority notified under sub section (2) of section 171 of the Act. The amendment is made under section 164 of the Act and is effective from the notified commencement date.

Specified income for an international sporting event defined as organiser receipts from named national supporters in India.
The central government notifies the Federation Internationale de Football Association Under-17 Women's World Cup, 2022 as the international sporting event, the Federation Internationale de Football Association as the person, and specifies income arising from receipts from named national supporters as the specified income arising to that person from organising the event in India.

Tariff value fixation for specified edible oils, brass scrap, areca nut, gold and silver revised effective early December.
Tariff value fixation is amended by substituting TABLE-1, TABLE-2 and TABLE-3 of Notification No. 36/2001-Customs (N.T.) with revised tariff values for specified edible oils, brass scrap, areca nut, and specified forms of gold and silver, issued under the Customs Act authority and coming into force on the stated commencement date.

Designation of real estate agents as persons carrying on designated business or profession under PMLA with turnover threshold.
Notification designates real estate agents, as defined under clause (zm) of section 2 of the Real Estate (Regulation and Development) Act, 2016, and persons providing services in relation to sale or purchase of real estate with annual turnover at or above the specified threshold, as "person carrying on designated business or profession" under the Prevention of Money-laundering Act, 2002.

Designation of real estate agents as regulated reporting entities rescinded, removing the prior PMLA notification and associated obligations.
The Central Government rescinded the earlier notification that had classified Real Estate Agents as persons carrying on designated businesses or professions under the Prevention of Money Laundering Act, thereby withdrawing that regulatory designation and the specific reporting and compliance obligations that stemmed from the prior Gazette notification.