Enforcement I and Enforcement II branches are redesignated as Anti-Evasion Cell-I and Anti-Evasion Cell-II to prevent tax evasion and strengthen tax-collection monitoring. Anti-Evasion Cell-I handles inspection, search, seizure, arrest, access to business premises, and related enforcement measures. Anti-Evasion Cell-II handles inspection of goods in movement and associated inspection, search, seizure, and procedural measures under the applicable Chapter XIV framework and rules.

Export containers with Let Export Order that are shut out or not shipped from KPD-1 West may be transferred to NSD only under preventive escort on a MOT basis, with prior approval, prescribed inter-terminal permits, reconciliation reporting and an indemnity bond. DPD containers remaining for more than 48 hours may be removed to designated areas at Century CFS JJP and Century CFS Sonai. The CFS custodians are responsible for removal, must maintain prescribed movement records, submit periodic reconciliation reports and execute indemnity bonds.

Containerized cargo at KPD-1(W) follows established customs procedures for imports, exports, DPD/DPE cargo, scanning-selected containers, and Nepal-Bhutan movements, subject to operational adjustments by Dock Customs Officers. Nepal-bound imports move by road to the NSD 7 Rail Yard under RFID sealing and the custodian's import continuity bond before ECTS rail movement. Scan-selected containers may use the Container Scanning Division, while DPD/DPE containers use designated return routes. Shipment-ready export DPE containers may use the Pre-Gate facility pending a separate KPD-1(W) facility.

Gold loan borrowing is subject to the applicable interest rate, repayment tenure, gold valuation, Loan-to-Value limits and borrower eligibility. An online calculator can estimate interest repayment using the proposed loan amount, rate and tenure, while a gold rate calculator may estimate the potential loan amount. Final eligibility and loan amount require physical assessment of pledged gold, including purity, eligible weight, applicable LTV limits and valuation methodology. Calculator results are indicative, and applicable charges and repayment terms should be checked before applying.

Plant-based protein adequacy depends on the overall eating pattern, including dietary diversity, calorie sufficiency, digestibility, meal composition, and individual life-stage and health needs, rather than protein grams or individual-food labels. Protein-quality scores and high-protein claims do not by themselves establish nutritional quality. Focused assessment is needed for persons at greater risk of inadequate intake, including children, pregnant or breastfeeding women, older adults, and persons with restricted intake or illness. Supplements should be used selectively only where food cannot meet a defined dietary gap.

Flying squads are deployed to conduct cross-checks and surprise verification of inventories prepared by GSTIs and GSTOs, and to inspect AE-II teams working in the field or at parking locations. They will examine complaints against AE-II teams, deal with issues or complaints relating to assessment proceedings, and undertake other AE-II duty-related work assigned by higher authorities. The squads report to the Special Commissioner (Vigilance).

Sea Cargo Manifest and Transshipment Regulations, 2018 are fully operational on the Customs EDI System, with all import and export functional message structures available for live filing through the ICEGATE portal. Import Trans-shipment messaging for re-working less-than-container-load import cargo and Stripping messaging for export CIM movement are operational. A local SCMTR Cell, headed by the designated Nodal Officer, manages communications and resolves implementation or live-filing issues.

The International Financial Services Centres Authority (Banking) (Amendment) Regulations, 2024 amend the First Schedule to the International Financial Services Centres Authority (Banking) Regulations, 2020 by adding Swedish Krone, Norwegian Krone, New Zealand Dollar and Danish Krone to the listed currencies. The amendment took effect upon publication in the Official Gazette.

Delegation of litigation-signing powers authorises Special Commissioners, Additional Commissioners and Joint Commissioners to sign departmental replies, affidavits, counter-affidavits and appeals. The authority covers filings before the National Company Law Tribunal, Debt Recovery Tribunal and National Company Law Appellate Tribunal, subject to prior approval of the Commissioner (State Tax).

Banking Unit licensing in an International Financial Services Centre is structured around an IFSC Banking Unit operating as a branch and an IFSC Banking Company operating as a subsidiary of its Parent Bank. Indian and foreign banks require licence or permission to establish a Banking Unit. Licensing requirements distinguish between branch and subsidiary structures through prescribed Parent Bank capital, home-regulator no-objection requirements and, for an IFSC Banking Unit, a liquidity-support undertaking. Prudential obligations cover liquidity coverage, net stable funding, leverage and reserve requirements, with distinct treatment for IFSC Banking Units and IFSC Banking Companies.

The service framework governs appointment, probation, promotion, pay, leave, conduct, discipline, retirement and employee benefits for whole-time employees. Recruitment and promotion are discretionary and subject to sanctioned posts, prescribed eligibility, selection procedures, service requirements and applicable recruitment methods. Employees are bound by confidentiality, integrity, conflict-of-interest, property-disclosure and investment restrictions. The disciplinary regime provides minor and major penalties, inquiry procedures, suspension, vigilance processes and appeals. Leave provisions regulate ordinary, medical, maternity, paternity, study and special hardship leave, while pension, gratuity, medical facilities and deputation arrangements are administered under schemes and conditions determined by the Authority.

Section 80P(2)(d) permits a co-operative society to deduct interest or dividend derived from investments with another co-operative society. A co-operative bank remains a co-operative society under applicable co-operative societies law; Section 80P(4) restricts a co-operative bank's deduction on its own income but does not deny the investing co-operative society a deduction for interest received from it. Where two reasonable interpretations of a taxing provision exist, the interpretation favourable to the assessee applies. Disallowance of expenditure allegedly incurred to earn exempt income under Section 14A and Rule 8D requires verification of the expenditure's factual nexus with exempt income and may require fresh adjudication.

Naresh Kumar, Assistant Commissioner, W-62, is appointed as Nodal Officer for GST Audit in addition to his existing official duties. The appointment takes immediate effect and continues until further orders, with prior approval of the competent authority.

The amendments redefine a Banking Unit as a licensed financial institution undertaking permissible activities and introduce Global Administrative Offices and Representative Offices in IFSCs. A Global Administrative Office may coordinate operations or provide support services to a Parent Bank and its Group entities, subject to relevant foreign regulatory directions for activities outside the IFSC. A Representative Office may market financial products, collect data and conduct outreach operations. Parent Banks may establish these offices through a suitable mechanism subject to specified conditions.

Refund sanctioning powers under section 54 of the Delhi Goods and Services Tax Act, 2017 are allocated by claim value. Claims up to Rs. 10 lakhs are sanctioned by the Assistant Commissioner or GSTO of the concerned ward, while higher-value claims are assigned to zonal senior officers, with separate allocation for Zone-08. Refund applications must be filed in the concerned ward and placed before the competent sanctioning authority. Designated appellate authorities hear section 107 appeals, while previously filed appeals remain with the existing appellate authority.

Regulation 13(8) is corrected to provide for functioning as a trading member for interest rate or currency derivatives and/or as a clearing member for clearing and settlement in any derivative segment. The correction removes the qualification restricting clearing membership to a professional clearing member.

IFSC Banking Units must be capitalised by their Parent Banks at the prescribed minimum level and comply with Home Regulator directions unless otherwise specified. Leverage ratio and exposure ceiling requirements are subject to applicable norms and guidelines. Banking Unit liabilities are generally exempt from reserve requirements, except deposits raised from individuals resident in India or outside India. Banking Units may maintain freely convertible foreign currency accounts for eligible persons and undertake permitted financial-services and banking activities, subject to prescribed conditions, including design, execution and risk-management requirements.

Banking activities in International Financial Services Centres are expanded to permit banking units to offer Portfolio Management services and Investment Advisory services to persons resident in India and persons resident outside India. These activities are inserted into the permitted activities framework under the International Financial Services Centres Authority (Banking) Regulations, 2020, with effect upon publication in the Official Gazette.

Computation of the deduction under section 80IC requires verification where the prescribed Rule 18BBB report and complete particulars for allocating common expenses between eligible and non-eligible units are not furnished. Coordinate-bench rulings may be distinguishable where the evidentiary record lacks the information needed to test the deduction calculation. Fresh examination by the Assessing Officer, after providing the assessee a reasonable opportunity, is required on the basis of complete particulars.

Regulation 22 supersedes the specified Reserve Bank circular from commencement of the International Financial Services Centres Authority (Banking) Regulations, 2020. Actions taken or purportedly taken under that circular are preserved and deemed taken under corresponding provisions of these regulations. Banking Units already operating in an International Financial Services Centre must meet any additional requirements within three months of notification, subject to an extension specified by the Authority.