SEBI Master Circular on Surveillance of Securities Market

Securities and Exchange Board of India has been issuing circulars from time to time for surveillance of the securities market. The Master Circular dated September 23, 2024, on the same subject, is being updated to incorporate the provisions of three circulars issued subsequent to that date: the framework of Financial Disincentives for Surveillance Related Lapses at Market Infrastructure Institutions dated June 06, 2024 (SEBI/HO/ISD/ISD-PoD-1/P/CIR/2024/73)

CAQM Direction – Restriction on Fuelling Vehicles Without Valid PUCC in NCR

Commission for Air Quality Management in National Capital Region and Adjoining Areas issued directions under Section 12 of the Commission for Air Quality Management in National Capital Region and Adjoining Areas Act, 2021 regarding restriction on fuelling of vehicles without valid Pollution Under Control Certificate (PUCC) in NCR. The directions refer to implementation of technology-enabled enforcement systems integrated with VAHAN and PUCC databases for identification of vehicles without valid PUCC.

Amendment in Export Policy of Sugar

Directorate General of Foreign Trade issued amendments in the export policy of Sugar under Chapter 17 of ITC (HS), Schedule-II. The notification revises the export policy for Sugar covered under ITC (HS) Codes 1701 14 90 and 1701 99 90 from “Restricted” to “Prohibited”.

GST Portal Introduces Annexure-B Offline Utility for Refund Applications

GSTN issued an advisory regarding filing of Annexure-B for refund applications involving accumulated Input Tax Credit (ITC) using the offline utility available on the GST portal. The advisory states that taxpayers filing refund applications under specified categories involving accumulated ITC are required to furnish Annexure-B through the prescribed offline utility instead of PDF format.

Customs Notification 15/2026

Central Government issued further amendments to Notification No. 45/2025-Customs dated October 24, 2025 issued by the Ministry of Finance (Department of Revenue). The amendments modify entries in TABLE I relating to specified tariff headings under Chapter 71, including goods falling under headings 7107, 7109, 7110, 7111, 7112 and 7118.

Customs Notification 18/2026

Central Government issued amendments to Notification No. 22/2022-Customs dated April 30, 2022 issued by the Ministry of Finance (Department of Revenue). The amendments have been made in TABLE III against S. No. 12 of the said notification.

GSTN Advisory on Enhancements in e-Way Bill Portal

GSTN issued an advisory regarding functional enhancements in the e-Way Bill (EWB) system for strengthening data integrity, improving traceability of goods movement and enabling system-driven closure of transactions.

Schedule A Demo