Exchange Rate Determination: notified conversion rates for specified foreign currencies for import and export under Customs law.
Exchange Rate Determination under the Customs Act fixes conversion rates of specified foreign currencies into Indian rupees for import and export valuation, with distinct rates for imported and exported goods effective from the notification date; the notification prescribes Schedule I (per unit rates) and Schedule II (per 100 units) entries to be used by customs authorities and traders and supersedes the prior notification except as to past actions.

Securities in IFSC exchanges: specified instruments notified for recognition under income-tax transfer provisions including mutual funds and exchange traded funds
Notification designates specified securities listed on a recognised stock exchange in any International Financial Services Centre as covered under sub-clause (d) of clause (viiab) of section 47 for income-tax purposes, listing eligible instruments-including foreign currency denominated bonds, units of mutual funds, business trusts, alternative investment funds, bullion depository receipts, investment trusts, schemes and IFSC-listed exchange traded funds-and cross-referencing statutory definitions and regulatory compliance with SEBI or IFSCA rules.

Investment by authorised payment system participants permitted in RBI approved payment companies where majority equity is held by NPCI.
The amendment recognises investment made by a person authorised under section 4 of the Payment and Settlement Systems Act, 2007 in equity, bonds or debentures of companies engaged in retail or digital payments that are regulatory approved for such operations and in which a national payments corporation holds majority equity; the insertion takes effect on publication in the Official Gazette.

Value of lottery supply deemed based on ticket face value or Organising State's notified price, whichever is higher.
Substitution of sub-rule (2) of rule 31A deems the value of supply of lottery to be 100/128 of the face value of the ticket or the price notified in the Official Gazette by the Organising State, whichever is higher, and cross-references the Lotteries (Regulation) Rules, 2010 for the meaning of Organising State.

Annual return filing under Assam GST receives a clarificatory deadline adjustment for electronically furnished returns.
Annual return filing under the Assam Goods and Services Tax regime is addressed by a removal of difficulties order issued under the power to remove implementation difficulties. The order substitutes the Explanation to section 44 so that the annual return for the period from 1 July 2017 to 31 March 2018 is to be furnished on or before 31 December 2019, and the annual return for the period from 1 April 2018 to 31 March 2019 is to be furnished on or before 31 March 2020.

GST return reporting amendments provide filing options for prior year returns and revise refund statement formats.
The notification substitutes multiple refund Statements in FORM GST RFD-01 for categories such as ITC due to inverted tax structure, exports, SEZ transactions, deemed exports and place of supply changes, prescribing document level fields. It amends FORM GSTR-9 and its instructions to insert entries capturing ITC availed across transitional return periods, to permit consolidated or net reporting for several tables for specified prior filing periods, to auto populate certain tables from FORM GSTR-2A, and to allow uploading signed PDF schedules in FORM GSTR-9C without auditor certification.

Asian Clearing Union transfers enable receipt and payment for eligible exports and imports through designated ACU currency accounts.
Amendments specify that transactions with Members of Asian Clearing Union (ACU) - receipts for eligible exports and payments for eligible imports - may be effected through ACU Dollar, ACU Euro or ACU Japanese Yen accounts in India of a bank in the member country where the other party resides, or through corresponding ACU accounts of an authorized dealer maintained with its correspondent bank in that member country.

Exchange rate notification amended, replacing specified import and export currency conversion rates effective March 2020.
The Central Board of Indirect Taxes and Customs, invoking powers under section 14 of the Customs Act, 1962, substitutes specified entries in SCHEDULE I and SCHEDULE II of Notification No.15/2020 CUSTOMS (N.T.) effective 5th March, 2020. The amendment replaces the rates for Danish Kroner, Euro and Swedish Kroner in SCHEDULE I (rates per one unit for imported and exported goods) and replaces the Japanese Yen entry in SCHEDULE II (rates per 100 units for imported and exported goods), establishing the rupee equivalences to be applied for customs valuation.

Exchange of tax information and mutual assistance enabled between India and Brunei, with confidentiality and procedural safeguards.
The Central Government notifies an Agreement with Brunei Darussalam under section 90 of the Income tax Act giving effect to provisions for the Exchange of Information and Assistance in Collection regarding taxes. Competent authorities must exchange foreseeably relevant information on request or automatically, may assist in tax examinations abroad, and can accept and enforce tax claims subject to domestic law. The Agreement sets procedural requirements for requests, confidentiality and disclosure limits, grounds for declining assistance, cost allocation, implementation legislation, mutual agreement procedure, entry into force and termination rules.

Valuation of lottery tickets set as prescribed portion of face value or notified price, whichever is higher.
Amendment to rule 31A(2) of the Tamil Nadu GST Rules, 2017: with effect from 1 March 2020 the value of supply of lottery is deemed to be 100/128 of the face value of the ticket or the price notified by the Organising State in the Official Gazette, whichever is higher; "Organising State" has the meaning in clause (f) of sub rule (1) of rule 2 of the Lotteries (Regulation) Rules, 2010.

Special Commissioner (Appeals) appointment under state GST rules establishes appellate authority and territorial jurisdiction.
Appointment of Special Commissioner (Appeals) under the Madhya Pradesh Goods and Services Tax Act and Rules naming Shri Neelam Singh Maravi as appellate authority, empowered to exercise all powers and perform duties under clauses (a) of sub rule (1) and sub rule (2) of Rule 109A and Section 4 of the Act, with territorial jurisdiction covering Zones Indore 1, Indore 2, Bhopal, Gwalior and Jabalpur, issued by the State Government and signed in the name of the Governor.

Anti profiteering committee composition updated: state and central tax commissioners now designated as primary members for GST oversight.
The State Finance Department amends the earlier notification establishing the State Level Screening Committee for anti profiteering under GST by substituting the first two serial entries; the operative substitution designates the Commissioner of State Tax and the Principal Commissioner of Central Tax, Bhubaneswar CGST Commissionerate, as the specified members.

Export restriction on specified APIs and formulations imposed, making their export restricted until further orders.
Export of specified Active Pharmaceutical Ingredients and corresponding formulations listed under Chapters 29 and 30 of Schedule 2 to the ITC (HS) Export Policy 2018 is hereby made restricted with immediate effect. Specific ITC (HS) codes for identified APIs and their formulations have been inserted, changing their present policy status to Restricted, pursuant to powers under the Foreign Trade (Development & Regulation) Act and the Foreign Trade Policy 2015-20. The restriction remains until further orders.

Common Adjudicating Authority appointments under Customs Act enable designated officers to adjudicate specified show cause notices.
The Director General, Directorate of Revenue Intelligence appoints specified officers to act as Common Adjudicating Authority under clause (a) of section 152 of the Customs Act, 1962 to exercise powers and discharge duties for adjudication of the listed show cause notices; a Table identifies noticees, show cause notice references, originally named adjudicating authorities and the officers now appointed, and a later note records a substitution of a Table reference.

Common Adjudicating Authority appointment assigns adjudication of specified customs show cause notices to DRI Mumbai.
The Director General, Revenue Intelligence appoints the Additional Director General (Adjudication), DRI Mumbai as the Common Adjudicating Authority to adjudicate the specific Show Cause Notices enumerated in the Notification's Table, pursuant to section 152(a) of the Customs Act and in compliance with prior Customs (N.T.) notifications and referenced CESTAT directions; the Notification includes an amendment history substituting earlier table entries.

Customs notification amendment replaces the table entry for serial 10 in the prior CAA/DRI notification.
Director General, Revenue Intelligence amends Notification No. 13/2020-Customs (N.T./CAA/DRI) by substituting the existing entry in the Table against serial number 10, column 3. The amendment is issued under clause (a) of section 152 of the Customs Act, 1962, cites the Directorate file reference and is signed by a Joint Director of the Directorate of Revenue Intelligence.

Fast track rights issue exemption: REITs exempted from filing draft offer documents subject to Board-specified conditions.
An amendment adds a proviso to regulation 14(11) dispensing with the requirement for REITs to file a draft offer document with the Board for a fast track rights issue, subject to fulfillment of conditions specified by the Board, thereby creating a conditional exemption from the filing obligation for fast-track rights issuances.

Investment manager experience requirement updated and fast track rights issues exempted from draft offer document filing subject to conditions.
The amendments require that an investment manager have at least five years' experience in fund management, advisory services, or infrastructure development, or that the combined experience of its directors, partners or employees in those activities be at least thirty years, counting only those with more than five years' relevant experience. Separately, an InvIT is not required to file a draft offer document with the Board for a fast track rights issue, subject to conditions specified by the Board.

Exemptions for Government companies: related-party provisos excluded for government-to-government contracts and approved unlisted deals.
Where shares with differential voting rights exist, "paid-up share capital" is to be construed as total voting power. Certain words in the company type description are omitted. The first and second provisos to the related-party transaction provision do not apply to contracts between Government companies or with the Central/State Government; unlisted Government companies are also exempt for other contracts if they obtain prior approval from the administratively responsible Central Ministry/Department or the State Government.

Rule amendment: reference expanded to include first proviso to rule 23B in prior corporate affairs notification.
Corrigendum corrects a prior notification by replacing the phrase "rule 23A" with "rule 23A and first proviso to rule 23B", thereby specifying that the first proviso to rule 23B is to be read together with rule 23A in the cited Gazette publication.