GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE & TAXES (POLICY BRANCH) VYAPAR BHAWAN, IP ESTATE, NEW DELHI- 110002 No.F.3(37) GST/POLICY/2021/712-719 Dated: 21-06-2023 CORRIGENDUM Reference: (1) Circular No. - 15/2021-GST of State Tax dated 10/03/2022 (2) Corrigendum No. F.3(377)/GST/Policy/2021/1243-49 dated 28/04/2022 (3) Corrigendum No. F.3(377)/GST/Policy/2021/688-693 dated 09/06/2023 Subject: Standard Operation Procedure (SOP) for impleme... ... ...

Faceless assessment workflow in ICES enables assessing officers to view previous Bills of Entry declared by importers or Customs Brokers and Bills of Entry referenced through the Risk Management System. Importers and Customs Brokers are advised to provide item-level previous Bill of Entry references while filing to support expeditious assessment.

Faceless assessment clearance grievances concerning Bills of Entry are channelled through a Facilitation Helpdesk operated by the Turant Suvidha Kendra. Importers, exporters, customs brokers and other stakeholders may seek assistance from designated supervisory or appraising officers through in-person, email or telephone communication. A designated nodal officer serves as the single escalation point for urgent clearance grievances.

SHRI S.S. GODARA, JUDICIAL MEMBER AND SHRI LAXMI PRASAD SAHU, ACCOUNTANT MEMBER For the Assessee : Shri Mohd. Afzal. For the Respondent : Shri Sunil Kumar Pandey (D.R.) ORDER Per S.S. Godara, J.M. : These assessee's and Revenue's appeals arise against the CIT(Appeals) - 12, Hyderabad's order dt.16.08.2017 in case No.0101/2016-17 for Assessment Year 2006-07 involving proceedings u/s. 143(3) r.w.s. 254 of the Income Tax Act, 1961 ('the Act'); CIT(Appeals)-9, Hyde... ... ...

Following restoration of a company struck off for non-filing of annual returns and financial statements, an audit-reporting issue arises for historical financial years beginning with 2006-07. Audit reports are proposed to be issued in September 2026. The issue is whether those reports should use the audit-report formats applicable to the respective historical years or the formats in force on the date of issue.

Functions under clauses (a) and (b) of the proviso to section 30(1) of the Delhi Goods and Services Tax Act, 2017 are assigned and delegated to the concerned Zonal In-charge. The delegation applies to eligible cases only up to 30 September 2023, while eligible cases for subsequent periods require separate orders. Previously specified terms and conditions governing the delegation remain unchanged.

Restoration of the DPD-DPD procedure withdraws the temporary arrangement permitting evacuation of DPD-DPD containers from JN Ports to designated inland container depots acting as extended port gates. No such container movement by CONCOR to ICD Mulund or ICD Tarapur is permitted after the specified cut-off. Containers moved or lifted for movement before that time remain governed by the procedures and responsibilities applicable under the temporary arrangement.

A public-interest petition seeks a uniform nationwide mechanism for child kidnapping and abduction investigations, including prompt FIR registration, time-bound inquiries, standard questionnaires, special investigation procedures and senior-level investigation. It proposes dedicated courts for speedy disposal and coordinated action against interstate trafficking and illegal-adoption networks. The petition also seeks property assessment and confiscation, use of money-laundering, benami-property and black-money provisions where applicable, and consecutive sentences to deter offenders.

MSME applicants for AEO T1 and T2 accreditation receive reduced eligibility, compliance, security and documentation requirements. Prior business activity and legal and financial compliance are assessed over two financial years, while the document-handling threshold is lowered subject to half-yearly minimum activity. Rationalised annexures reduce documentation for AEO T1 and T2 applications, with a separate safety and security annexure for AEO T2. Priority processing timelines and enhanced bank guarantee concessions apply only to applicants holding valid MSME certification and maintaining continuous MSME status.

African electric two- and three-wheeler markets combine imports of Chinese electric scooters for consumer use with commercially focused electric motorcycle ecosystems supported by local assembly, battery swapping, charging, financing and servicing. Battery swapping supports intensive commercial operations by allowing rapid replacement of depleted batteries. However, local production remains dependent on imported motors, controllers and battery cells. Proprietary battery systems and fragmented swapping networks restrict interoperability, manufacturing scale and battery resale value. Wider adoption depends on affordable finance, reliable electricity, adequate infrastructure, predictable policies and standardisation.

Maharaja & Speedex India Limited proposes an initial public offering of equity shares for listing on the BSE SME platform. The net offer provides allocations for qualified institutional buyers, non-institutional investors, retail individual investors, and a market maker. Net fresh-issue proceeds are intended for repayment or prepayment of company and subsidiary borrowings, capital expenditure on plant and machinery at the subsidiary's existing manufacturing facility, and general corporate purposes.

Repeal and saving provisions disapply the Insurance Regulatory and Development Authority (Manner of Receipt of Premium) Regulations, 2002, in an International Financial Services Centre and omit clause (2) of Chapter 2 of the International Financial Services Centres Authority insurance office guidelines. An IIO operating in an IFSC before commencement must comply with additional requirements within six months, subject to any extended period permitted by the Authority.

Regulation 12 empowers the Authority to issue guidance notes or circulars to resolve difficulties in applying or interpreting the regulations. For recorded reasons and in the interest of financial-market development, the Authority may relax strict enforcement of any regulatory requirement, subject to payment of any fee it specifies.

Regulation 11 empowers the Authority to issue guidelines or circulars prescribing norms, procedures, processes and modes, including permissible relaxations. The power supports implementation of the regulatory framework and incidental matters, while facilitating and regulating financial services connected with insurance and reinsurance in an International Financial Services Centre.

Every IIO must maintain a Board-approved policy for mitigating credit risk. The policy must, among other matters, specify the adverse consequences arising from an insured's non-payment of premium.

Premium refunds due on cancellation of an insurance policy, alteration of its terms and conditions, or any other basis must be paid by the IIO directly to the insured through a permitted payment mode. The refund cannot be credited to an agent's account.

Payment of premium for reinsurance contracts permits assumption of risk without advance premium payment for insurance accepted under automatic reinsurance contracts. Facultative reinsurance risk may be assumed without advance payment where a Premium Payment Warranty clause is incorporated and its terms are followed. Reinsurers must maintain systems to ensure that all premiums receivable are duly received and accounted for.

Every insurance contract must specify the mode and schedule of premium payment, any grace period and consequences of non-payment, conditions for revival of a lapsed policy, and the date on which risk commences. It must also identify the date of risk termination on unpaid or unrealised premium, considering the line of business and policy duration, include any agreed Premium Payment Warranty clause, and contain further information specified by the Authority.

Premium payment arrangements may be mutually agreed between an IIO and a prospect or insured for an insurance contract. Payment may be structured in instalments, with the parties determining the time schedule and manner applicable to each instalment. The agreement is incorporated through a premium payment warranty clause forming part of the contract of insurance.