Exemption from reconciliation statement for qualifying foreign airlines, subject to CA authenticated receipts and payments statement per GSTIN.
The notification exempts specified foreign airline companies registered under the Companies (Registration of Foreign Companies) Rules from furnishing the reconciliation statement in FORM GSTR-9C. Instead, for each GSTIN such persons must submit a statement of receipts and payments for the financial year, authenticated by a practicing Chartered Accountant in India or a firm or LLP of practicing Chartered Accountants in India, by the annual due date in the year succeeding the financial year.

Broadening of authorised officials: substituting 'officer not below Division Chief' with 'person' expands who may act.
The Securities and Exchange Board of India promulgates the Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) (Amendment) Regulations, 2020, effective on publication in the Official Gazette, substituting the words "officer of the Board not below the rank of Division Chief" (and "officer not below the rank of Division Chief") with the word "person" in regulation 2(1)(d) and regulation 5 of the 2003 Regulations.

Special Economic Zone designation for IT/ITES in Noida establishes Approval Committee and grants inland container depot status.
Notification designates 19.9001 hectares at Sector-157, Noida as a Special Economic Zone for IT/ITES proposed by M/s. TATA Consultancy Services Limited; lists comprising khasra numbers and areas; constitutes an Approval Committee with specified ex officio members and a developer representative; and declares the SEZ to be deemed an Inland Container Depot under the Customs Act effective from the appointed date.

Appellate bench constitution creates a regional tribunal bench to hear company law appeals within specified jurisdictions.
Central government notification constitutes an additional appellate bench of the National Company Law Appellate Tribunal at Chennai to hear appeals from specified southern and adjacent jurisdictions, while confirming that the New Delhi bench remains the principal bench and will continue to hear appeals not assigned to Chennai; the notification specifies an operative commencement date and is issued under the Companies Act provision empowering constitution of tribunal benches.

Fixation of tariff values for specified imports establishes benchmark customs valuation for edible oils, metals and agricultural goods.
Fixation of tariff values under section 14(2) of the Customs Act, 1962 by substituting TABLE-1, TABLE-2 and TABLE-3 of the principal notification to prescribe US dollar tariff values for specified imported goods, including edible oils, brass scrap, poppy seeds, areca nut, and unit values for gold and silver in defined forms with explanatory scope for applicability.

Exchange rate amendment for Norwegian Kroner takes effect under Customs Act, setting distinct import and export rates.
The Central Board of Indirect Taxes and Customs, invoking powers under section 14 of the Customs Act, 1962, substitutes the Schedule I entry for Norwegian Kroner in Notification No.20/2020 CUSTOMS (N.T.), effective 14th March, 2020, prescribing distinct rupee exchange rates for imported and exported goods.

Eligible Foreign Investor deemed Foreign Institutional Investor for IFSC securities transactions paid in foreign currency.
A nonresident that qualifies as an Eligible Foreign Investor and complies with the specified regulatory circular shall be deemed a Foreign Institutional Investor for transactions in securities on a recognised stock exchange in an International Financial Services Centre, where consideration for the transaction is paid or payable in foreign currency. The notification relies on statutory definitions for International Financial Services Centre, recognised stock exchange and securities.

Road and Infrastructure Cess raised on petrol and diesel, increasing per litre customs duty and effective in March.
Amends Notification No. 18/2019 Customs by substituting the entries in column (4) for Sl. Nos. 1 and 2 to set a higher per litre Road and Infrastructure Cess as an additional duty of customs on petrol and diesel. The amendment is effected under the government's delegated statutory powers and comes into force from 14th March, 2020.

Valuation of lottery tickets now fixed as a prescribed fraction of face value or the Organising State notified price.
The amendment substitutes rule 31A(2) to deem the value of supply of lottery to be a prescribed fraction of the ticket's face value or the price notified by the Organising State, whichever is higher, and adopts the Lotteries (Regulation) Rules, 2010 definition of "Organising State"; effective from 1 March 2020 and upon Gazette publication.

Road and Infrastructure Cess increase on petrol and diesel, replacing earlier rates and taking effect from mid-March.
Substitutes the tariff table entries for petrol and diesel to prescribe the new per litre Road and Infrastructure Cess rates, exercising powers under the Finance Act and the Central Excise Act; the notification identifies the specific table entries amended for both petrol and diesel and fixes the operative date from which the substituted rates apply.

Increase in Special Additional Excise Duty raises rates on petrol and diesel effective mid March, amending prior notification.
The Central Government amends Notification No. 05/2019 Central Excise to substitute the column (4) entries in the Table: the entry against Sl. No. 1 is replaced to reflect an increased petrol SAED rate and the entry against Sl. No. 2 is replaced to reflect an increased diesel SAED rate. The amendment is issued under section 147 of the Finance Act, 2002 read with section 5A of the Central Excise Act, 1944, and takes effect from 14th March, 2020.

Appointment of Appellate Tribunal members: three members appointed with specified pay level and tenure conditions.
Central Government appoints three members to the National Company Law Appellate Tribunal-one Judicial Member and two Technical Members-naming each appointee, specifying their dates of joining and placing them at pay matrix level-17 with fixed remuneration. Each appointment is for a period of three years or until the appointee attains the age of sixty-seven years or until further orders, whichever is earlier.

Amendment to SEZ Authority membership substitutes a listed member with a new appointee under SEZ Act provisions.
The Central Government, under sub section (1) read with sub section (5) of Section 31 of the Special Economic Zones Act, 2005, amends the Ministry of Commerce notification S.O.1353(E) to substitute the entry at Sl. No. 6 of the Noida SEZ Authority with "Sh. Amrit Lal Manwani, Chairman & Managing Director, M/s Sahasra Electronic Solutions Ltd. (unit 2)", formalised by a departmental S.O. notification.

Form INC-28 requirement: specify the Insolvency and Bankruptcy Code section under which an order was passed.
The amendment inserts a new sub clause (iii) into serial number 5, clause (a) of Form No. INC 28 in the Annexure to the Companies (Incorporation) Rules, 2014 requiring that Form INC 28 state the Section of the Insolvency and Bankruptcy Code, 2016 under which the order was passed.

Insolvency filings: Form GNL-2 amended to include IBC filing category and signer name and capacity.
The amendment to the Companies (Registration Offices and Fees) Rules, 2014 inserts in Form GNL-2 a new item titled "Filing under Insolvency and Bankruptcy Code, 2016" after the existing Form 159 entry, and adds a verification block requiring particulars of the person signing and submitting the form, specifically Name and Capacity.

Value of lottery supply deemed as proportion of ticket face value, with higher notified price prevailing.
The amendment substitutes rule 31A(2) to deem the value of supply of lottery to be 100/128 of the face value of the ticket or of the price as notified in the Official Gazette by the Organising State, whichever is higher, and explains that "Organising State" has the meaning given in clause (f) of sub rule (1) of rule 2 of the Lotteries (Regulation) Rules, 2010.

Value of lottery supply set as a proportion of ticket face value or notified price, whichever is higher.
The amendment substitutes sub rule (2) of rule 31A of the Odisha GST Rules, 2017 to deem the value of supply of lottery to be 100/128 of the face value of the ticket or of the price as notified in the Official Gazette by the Organising State, whichever is higher, and references the definition of "Organising State" in the Lotteries (Regulation) Rules, 2010.

Exchange rate adjustment for South African Rand establishes separate rupee equivalents for imports and exports under customs notification.
The Central Board of Indirect Taxes and Customs amends Schedule I of the earlier exchange rate notification by substituting the serial entry for the South African Rand, specifying separate rupee equivalents for one unit of that currency for imported goods and for exported goods; the revised rates take effect from the stated commencement date and are incorporated into the customs exchange rate framework used for valuation and duty computation.

Valuation of lottery tickets set by prescribed deemed value, with notified state price prevailing where higher.
The amendment substitutes rule 31A(2) to provide that the value of supply of lottery shall be deemed to be 100/128 of the face value of the ticket or the price as notified in the Official Gazette by the Organising State, whichever is higher, and explains that "Organising State" has the meaning assigned in clause (f) of sub rule (1) of rule 2 of the Lotteries (Regulation) Rules, 2010.

GST rate amendment: Lottery reclassified under revised taxable schedule, effective from March.
The notification amends the state GST schedule by omitting Schedule II serial number 242 (6%) and substituting Schedule IV serial number 228 (14%) with the entry "Any chapter Lottery", made under powers conferred by the state GST Act and effective from the first day of March, 2020.