Transferability of Indian Depository Receipts now permitted with redemption and reissuance, subject to foreign exchange and securities law compliance.
The substituted Rule 10(1) permits a holder of IDRs to transfer them or request domestic depository redemption, and allows any person to seek reissuance of IDRs by conversion of underlying equity shares, subject to the Foreign Exchange Management Act, the Securities and Exchange Board of India Act, related rules, regulations or guidelines, and other law for the time being in force.

Security waiver for dealer registrations: applicants may obtain registration without furnishing security during the specified registration period.
No security shall be required from dealers applying for registration with the tax department within the specified registration period; the notification relieves applicants from furnishing security as a condition of registration during that timeframe.

Duty concession for Least Developed Countries expanded to cover whole customs duty with increased concession rates.
Amendment broadens DFTP relief for Least Developed Countries by substituting clause (i) to exempt "whole of the duty of customs as specified in the first schedule to the Customs Tariff Act, 1975" and by increasing the percentage concession entries in Appendix I, column (4), replacing existing lower rates with higher specified rates to raise tariff concession levels under the scheme.

Exemption from export restriction for Assam Comilla Cotton requires DGFT registration and limited validity of registration.
Assam Comilla Cotton (ITC(HS) Code 5201 00 12) is exempted from any restriction on cotton exports subject to DGFT registration; exporters must follow the registration procedure in Policy Circular No. 29 and complete exports against a Registration Certificate within a 30-day validity period.

Registration of cotton export contracts requires a single RC, quantity caps tied to prior exports and proof of performance.
Registration for export contracts of cotton (HS 5201, 5203) requires issuance of Registration Certificates by seven designated DGFT Regional Authorities under existing procedural rules; exporters may hold one RC at a time with a capped bale quantity tied to prior season exports or prescribed limits, small exporters and newcomers permitted a lower cap, applicants encouraged to apply in multiples of ten, revalidation disallowed, and eligibility for a subsequent RC conditioned on documentary proof of at least half the exports against the current RC.

Submission of information in Form T-2 mandated under Delhi VAT notification now effective following administrative direction.
Submission of information in Form T-2 is mandated by a Commissioner directive that partially modifies a prior notification so the filing requirement shall come into force from the specified commencement date; the Department is instructed to publish and circulate the amendment to ensure compliance.

Electronic tax payment: compulsory use of Syndicate Bank e portal with online challan CIN serving as proof for returns.
The Commissioner mandates compulsory electronic payment of all VAT liabilities through Syndicate Bank's e payment portal alongside previously notified banks, with Part 'C' of the online challan containing a 19 digit CIN accepted as proof to be enclosed with returns and Part 'D' obtained from the bank for records; amounts are credited after Reserve Bank of India confirmation and the bank must adhere to security and Information Technology Act, 2000 requirements.

Tariff values for specified edible oils, brass scrap, gold and silver updated to amend customs valuation framework.
Amendment substitutes TABLE-1 and TABLE-2 of the principal customs notification, establishing tariff values for specified commodities: dollar-per-metric-tonne values for listed edible oils, brass scrap and poppy seeds, and unit tariff values for gold and silver when concessional notification entries are availed, thereby setting the customs valuation reference points for assessing import duties on those items.

Form ST-3 filing requirement limited to return period April to June 2012 for the October submission.
The amendment inserts a proviso to rule 7(2) specifying that the Form 'ST-3' required to be submitted by the 25th day of October, 2012 shall cover the period between 1st April to 30th June, 2012 only.

Scientific research approval for social science institutions requires use-restrictions, separate audited accounts and certified donation statements.
Approval is granted to National Law School of India University, Bangalore as an approved organization under clause (iii) of sub section (1) of section 35 for social science research, subject to conditions: sums received must be used for social science research conducted by faculty or enrolled students; separate books of account must be maintained for such sums, audited by a qualified accountant, and the audit report furnished to the jurisdictional tax authority by the return filing due date; and a certified statement of donations received and amounts applied to research must accompany the audit report. Approval may be withdrawn for specified failures to comply.

Inspection authority under section 209A granted to Serious Fraud Investigation Office officers to conduct company inspections.
Central Government authorises specified officers of the Serious Fraud Investigation Office, Ministry of Corporate Affairs, by notification to conduct inspections under the Companies Act inspection provision, listing individual officers and their designations and recording the Director of Inspection & Investigation as the issuing authority.

Appointment of Common Adjudicating Authority to adjudicate specified show cause notices issued by revenue intelligence.
Appointment of a Common Adjudicating Authority to exercise adjudicatory powers and discharge duties in respect of specified show cause notices issued by the Additional Director, Directorate of Revenue Intelligence, Mumbai Zonal Unit, by designating the Joint Commissioner or Additional Commissioner of Customs (Import) at Jawaharlal Nehru Custom House, Nhava Sheva as the officer to adjudicate the listed cases.

Common Adjudicating Authority designated to adjudicate a show cause notice concerning Faizco under customs adjudication powers.
The Central Board of Excise and Customs designates the Joint/Additional Commissioner of Customs (Preventive) at Sarda House, Jamnagar as Common Adjudicating Authority, empowering that officer to exercise the adjudicatory powers and duties of both the Jamnagar Preventive Commissionerate and the Custom House, Kandla, solely for adjudication of the show cause notice issued to M/s Faizco by the Directorate of Revenue Intelligence.

Appointment of Common Adjudicating Authority to centralize adjudication of specified customs show cause notices involving imports.
The Central Board of Excise and Customs appoints the Joint Commissioner or Additional Commissioner of Customs (Imports) at Jawaharlal Nehru Custom House, Nhava Sheva, as the Common Adjudicating Authority to exercise the powers and discharge the duties of specified Additional Commissioners of Customs (Imports) for adjudication of show cause notices issued against M/s Jojojem International by the Directorate of Revenue Intelligence zonal unit.

Common Adjudicating Authority appointment centralises adjudication powers for specified customs commissioners in a DRI-show-cause notice matter.
The Joint Commissioner or Additional Commissioner of Customs, Custom House, Navrangpura, Ahmedabad, is appointed as Common Adjudicating Authority to exercise the powers and discharge the duties of the specified Additional/Joint Commissioners of Customs (Navrangpura Ahmedabad, Kandla, and Import Commissioner at Nhava Sheva) for adjudicating the show cause notice proceedings against M/s Aries Dye-Chem Industries and others originating from a revenue intelligence investigation.

Jurisdiction of Customs Appellate Authorities defined, assigning appellate oversight to specified officers; Chief Commissioner may limit jurisdiction.
Defines the jurisdiction and appellate oversight under the Customs Act, 1962 by appointing specified Chief Commissioners and Commissioners of Customs (Appeals) in Tables I and II to exercise jurisdiction over orders and decisions of subordinate customs officers, superseding the earlier 2002 notification; includes a proviso allowing Chief Commissioners to specify and limit a Commissioner of Customs (Appeals)'s jurisdiction within their territory.

Port restriction removal allows ISFTA imports of specified ITC (HS) items through any EDI port, subject to agreement conditions.
Deletion of the Import Licensing Note removes the requirement that imports of specified ITC (HS) codes from Sri Lanka under the India-Sri Lanka Free Trade Agreement be made only through the Port of Kolkata; such imports may now be effected through any EDI port, subject to all ISFTA conditions and applicable import requirements.

Gift transfer cap for securities to non-residents set as prescribed foreign-currency equivalent, applied retrospectively in regulation.
Substitution to Regulation 10 (sub regulation A, clause (a), sub clause (e)) fixes that the value of securities transferred by a donor together with any securities transferred as gifts to persons residing outside India during a financial year shall not exceed the rupee equivalent of the prescribed foreign currency cap; the amendment takes effect from 15 September 2011 and is framed under the Foreign Exchange Management Act, with a clarification that retrospective effect will not adversely affect any person.

Anti-dumping duty extension preserves existing measures on phosphoric acid imports while a statutory review proceeds.
Extension of an existing anti-dumping duty on imports of phosphoric acid, technical or food grade (including industrial grade) from the People's Republic of China by amending the principal notification to continue the duty pending completion of a statutory review under the Customs Tariff Act and applicable anti-dumping rules.

Anti-dumping duty continuation on PS plates from China PR extended under Customs Tariff Act, preserving import restrictions.
The Central Government amends the 2007 notification to continue the antidumping duty on Pre-sensitized Positive Offset Aluminium Plates from China PR: the preamble is revised to retain only China PR, specified table entries are omitted, and a provision is added stating the antidumping duty shall remain in force up to and inclusive of 23rd September, 2013 unless revoked earlier.