Import duty increase on liquified propane and butane takes immediate effect, altering applicable tariff entries for those gases.
The Central Government has amended the First Schedule of the Customs Tariff Act to increase the import duty rate applicable to liquified propane and liquified butane by substituting the previous duty entries for the tariff classifications covering those products. The notification directs customs authorities to apply the revised duty rate to imports of liquified propane and liquified butane with immediate effect, creating immediate compliance obligations for importers and border officials.

Appointment of SEZ Authority members amended to substitute two nominee members under SEZ Act, altering composition.
The Central Government, under the Special Economic Zones Act, 2005, amends a prior Department of Commerce notification to substitute the KASEZ Authority nominees at entries 5 and 6, naming Sh. Pankaj Mital and Sh. Dharmendrasinh Rajput as the replacement members; a subsequent note records that those entries were later further substituted by another notification.

Correction of Notification Number: customs notification reference is amended to substitute the correct cited notification.
Corrigendum issued by the Central Board of Indirect Taxes and Customs partially modifies the earlier Gazette notification concerning inland container depots at Village Dahej by directing that the previously cited notification number in the published entry for that date be read as the corrected alternative notification number of the same date; the change is limited to the substitution of the notification reference in the official Gazette entry.

Use of International Credit Card exempted from domestic current account restrictions, permitting payments while visiting abroad.
A new rule inserted into the Foreign Exchange Management (Current Account Transactions) Rules, 2000 provides that rule 5 shall not apply to the use of an International Credit Card for making payments by a person while on a visit outside India; the insertion is effective retrospectively from 16 May 2023 and the explanatory memorandum states that no person will be adversely affected by the retrospective effect.

Exemption of deposits into ECL extended by amending the notification to continue the scheme through September.
The Central Board of Indirect Taxes and Customs amends Notification No. 18/2023-Customs (N.T.) by substituting the date in paragraph 2 to extend the exemption scheme for deposits into the Electronic Cash Ledger, moving the terminal date to the end of September 2023 under powers conferred by the Customs Act.

Exemption of customs deposits under section 51A(4) deferred, implementation date moved to 1 October 2023 by notification.
The Central Board of Indirect Taxes and Customs amends Notification No. 19/2022 Customs (N.T.) by substituting "1st July, 2023" with "1st October, 2023" in paragraph 2, thereby deferring the commencement of the exemption from deposit requirements under section 51A(4) of the Customs Act.

Tariff value fixation updated for specified edible oils, brass scrap, gold, silver and areca nut, altering import valuation consequences.
The Central Board of Indirect Taxes & Customs amends the non-tariff notification under section 14(2) of the Customs Act by substituting revised Tables that fix US-dollar tariff values for specified imports: edible oils (various palm and soybean oils), brass scrap (all grades), and areca nut by weight, and by specifying unit tariff values for gold and silver in defined forms; the amendment takes effect from the first day of July.

AIDC rate for LPG: specified tariff lines now subject to an additional integrated duty under amended customs notification.
Inserts new entries for tariff headings 27111910, 27111920 and 27111990 into the TABLE of Notification No. 11/2021-Customs and subjects all goods under those entries to an additional integrated duty of 15%, the amendment coming into effect on the 1st day of July, 2023.

Basic Customs Duty on Liquified Petroleum Gas amended, new tariff entry for specified HS codes inserted and effective July.
A new tariff entry S. No. 155A is inserted in Notification No. 50/2017 Customs to cover tariff items 27111910, 27111920 and 27111990 described as Liquified Petroleum Gas (LPG) with a Basic Customs Duty of 5%, the amendment taking effect from 1 July 2023.

Increase in LPG import duty: standard tariff for specified LPG tariff items substituted under section 8A(1) of Customs Tariff.
The Government, exercising the power under section 8A(1) of the Customs Tariff Act, 1975, directed amendment of the First Schedule, Chapter 27, by substituting the entry in column (4) against specified LPG tariff items with a new standard tariff percentage; the amendment is effective from the commencement date stated in the notification.

Late fee waiver for delayed GSTR-10 final return filings, limited to amounts above the specified threshold.
Waives the amount of late fee under the CGST regime in excess of five hundred rupees for registered persons who fail to furnish the final return in FORM GSTR-10 by the due date but furnish that return between 1 April 2023 and 30 June 2023.

Import prohibition with value threshold exception for cigarette lighter imports restricts entries unless CIF meets required threshold.
Import policy for pocket lighters gas-fuelled, both non-refillable and refillable, is amended from Free to Prohibited, with a conditional exception preserving Free import where the CIF value per lighter meets or exceeds the prescribed threshold; this revision is effected under powers of the Foreign Trade (Development & Regulation) Act and applicable Foreign Trade Policy provisions.

Commencement of Delhi GST Amendment: sections 2 to 15 except section 13 were appointed to commence on a specified date.
The Lieutenant Governor, exercising the power under sub section (2) of section 1 of the Delhi Goods and Services Tax (Amendment) Act, 2023, by Notification No. 18/2022 State Tax appoints the 1st day of October, 2022 as the date on which sections 2 to 15, except section 13 of the Act shall come into force.

Return filing extension: GSTR-3B deadline for specified Gujarat districts extended, effective from a stated June date.
The Commissioner, under sub section (6) of section 39 of the Central Goods and Services Tax Act, 2017, extends the due date for furnishing the return in FORM GSTR-3B for May 2023 for registered persons whose principal place of business is in Kutch, Jamnagar, Morbi, Patan and Banaskantha districts of Gujarat and who are required to file under sub section (1) of section 39 read with clause (i) of sub rule (1) of rule 61 of the Central Goods and Services Tax Rules, 2017; the notification is deemed effective from the twentieth day of June 2023.

Sponsor eligibility tightened: enhanced capital, liquid networth and governance conditions imposed for mutual fund sponsors and asset managers.
Amendments introduce a liquid networth definition, require conversion of trustee boards into trustee companies, and strengthen sponsor eligibility and capitalization criteria including multi-year profitability, positive networth and liquid networth linked to capital contribution or acquisitions. Where sponsors do not meet thresholds, enhanced AMC capitalization, share lock-ins, and senior management experience are mandated. Governance and compliance duties for trustees and the asset management company are expanded-detailed pre-launch and ongoing board due diligence, appointment and disclosure of key personnel, independent compliance reporting, Unit Holder Protection Committees, valuation norms, and mandated investments in specified development funds are prescribed.

E-invoice applicability expanded to more registered persons by lowering the turnover threshold, effective from August.
With effect from 1 August 2023 the turnover benchmark triggering the e-invoice obligation in the Kerala GST notification dated 14 May 2020 is lowered to five crore rupees, extending e-invoice applicability to registered persons whose turnover in any preceding financial year from 2017-18 exceeds the revised threshold, following the GST Council recommendation.

Option for Goods Transport Agencies to pay GST under forward charge extended; new registrants allowed a deferred opt in period.
The notification extends the deadline for GTAs to opt to pay GST under the forward charge for Financial Year 2023-2024 to 31st May, 2023 and requires the option to be exercised by making the declaration in Annexure V. GTAs commencing new business or crossing the registration threshold during a Financial Year may opt to pay GST under forward charge by declaring in Annexure V within forty five days of applying for registration or within one month of obtaining registration, whichever is later.

Arm's length price tolerance applies to trading and other cases; actual transaction price may be treated as arm's length for assessment.
The Central Government notifies that where the variation between the arm's length price under section 92C and the actual transaction price does not exceed prescribed tolerance limits for assessment year 2023 2024, the actual price shall be deemed the arm's length price. Wholesale trading is defined by two conditions: purchase cost of finished goods being eighty per cent or more of total cost, and average monthly closing inventory being ten per cent or less of sales; transactions meeting the prescribed variation thresholds are treated as at arm's length.

Exchange rate adjustment for Turkish Lira updates customs import and export reference rates, effective immediately.
The Central Board of Indirect Taxes and Customs, exercising powers under section 14 of the Customs Act, 1962, amends Notification No.44/2023 CUSTOMS (N.T.) by substituting the Schedule I entry for Turkish Lira (serial No.18) with new separate exchange rates for imported and export goods, effective from 24th June, 2023.

Charitable institution registration procedures updated with revised forms, codes and provisional approval timing.
Amendments revise procedural requirements and form content for registration and approval of charitable, religious, educational institutions and hospitals under the Income-tax Rules. Rules 2C, 11AA and 17A are modified to adjust cross references and add sub clause items, while Appendix II forms (10A, 10AB, 10AC, 10AD, 10B, 10BB) receive updated declaration text, new application codes, added "Nature of activities" rows, and revised annexure reporting. Provisional approval for specified applications is made effective from the assessment year corresponding to the year of application.