Exchange rate determination established for foreign currencies applying specified import and export rates under Customs Act.
The Central Board of Excise and Customs, under authority of the Customs Act, fixes exchange rates for conversion between specified foreign currencies and Indian rupees for customs valuation, superseding the prior notification. The notification prescribes distinct rates for imported and export goods, set out in Schedule I (per unit rates) and Schedule II (per 100 units), to be applied for customs purposes from the notified effective date, with savings for actions completed prior to supersession.

Inclusion of Special Investigation Team expands entities recognised for disclosure under the money laundering regulatory framework.
Amendment formally inserts the Special Investigation Team into the notification list under the Prevention of Money Laundering framework, recognising it for purposes of disclosure and information-sharing obligations and thereby extending the notification's administrative and regulatory effects to that Team.

Information sharing under PMLA enables designated agencies to receive investigative data from the Special Investigation Team on illicit funds.
The Central Government amended the principal PMLA notification to add the Special Investigation Team constituted by notification dated 29th May, 2014, as an entity entitled to receive information under the Prevention of Money Laundering framework, by inserting it as a new serial entry in the schedule of covered agencies.

Slum area development designated as an eligible corporate social responsibility activity, defining 'slum area' by competent authority.
An amendment to Schedule VII inserts slum area development as an eligible corporate social responsibility activity and defines "slum area" as any area declared such by the Central Government, any State Government or any other competent authority under law; the notification is made under the executive power of the Act and comes into force on publication in the Official Gazette.

Export proceeds in local currency allowed equal export incentive entitlement for exports to Iran under the Foreign Trade Policy.
Export proceeds from exports to Iran realized in local currency are permitted to avail export benefits and incentives under the Foreign Trade Policy at par with proceeds realized in freely convertible currency; this follows deletion of the word 'specific' from Para 2.40A, removing the limiting qualification and restoring parity of incentive entitlement for local currency realization.

Reference substitution in customs authority designations: statutory references revised to include principal and regular commissioner titles.
The Central Government, under sections 25, 151A, 156 and 157 of the Customs Act, 1962, directs that references to certain customs authorities in rules, notifications, instructions, regulations, decisions and orders shall be read as references to substituted authorities: "Chief Commissioner" becomes "Principal Chief Commissioner or Chief Commissioner, as the case may be" and "Commissioner" becomes "Principal Commissioner or Commissioner, as the case may be," unless context otherwise requires.

Designation substitution clarifies that references to Chief Commissioner and Commissioner read as Principal Chief Commissioner or Principal Commissioner.
The Central Government directs that in rules, notifications, instructions, decisions or orders under the Central Excise Act, references to Chief Commissioner shall be construed as references to Principal Chief Commissioner or Chief Commissioner, as the case may be, and references to Commissioner shall be construed as references to Principal Commissioner or Commissioner, as the case may be, unless the context otherwise requires.

Reference substitution in service tax notifications expands 'Commissioner' references to include Principal Commissioner or Commissioner.
Notification directs a reference substitution across rules, notifications and orders under the Finance Act, 1994 and Central Excise Act, 1944 so that references to Chief Commissioner are read as "Principal Chief Commissioner or Chief Commissioner, as the case may be" and references to Commissioner are read as "Principal Commissioner or Commissioner, as the case may be", subject to the proviso that context may require otherwise.

Double taxation agreement establishes withholding ceilings and allocation rules to prevent double taxation and fiscal evasion.
India and Malta concluded an agreement to avoid double taxation and prevent fiscal evasion, covering residents and taxes on income, with defined residence and permanent establishment rules, allocation of taxing rights across income categories, and mechanisms for eliminating double taxation through deductions or foreign tax credits. The treaty imposes withholding ceilings for dividends, interest, royalties and technical service fees for beneficial owners, provides non discrimination, mutual agreement and exchange of information procedures, includes a limitation of benefits rule to curb treaty shopping, and a Protocol clarifying Malta's imputation system and certain fiscal regime exemptions.

De-notification of Special Economic Zone land reduces the notified SEZ area following statutory procedural requirements.
The Central Government, exercising its powers under the Special Economic Zones Act and SEZ Rules, de-notifies 10.4241 hectares from the sector-specific Engineering SEZ at Alwa and Pipalia, resulting in a revised notified area of 105.2198 hectares. The de-notification follows a proposal by the private developer, the State Government's No Objection, and the Development Commissioner's recommendation; the notification specifies affected survey numbers and tabulates previously notified area, area de-notified and resultant area for each parcel.

Onshore rupee bonds declared securities, bringing multilateral institution issues within securities regulation.
Central Government declares that onshore rupee bonds issued by multilateral development institutions qualify as securities within the meaning of Section 2(h) of the Securities Contracts (Regulation) Act, 1956, thereby bringing those instruments within the regulatory scope applicable to securities.

Trademark fee amendment increases prescribed filing fees and updates specified form fees upon Gazette publication.
Amendment substitutes higher fee amounts for specified entries in the First Schedule and updates fee entries in designated forms of the Second Schedule to the Trade Marks Rules, 2002; it is titled the Trade Marks (Amendment) Rules, 2014 and commences on publication in the Official Gazette following prior draft publication and absence of public objections.

Tariff values updated for specified imports, fixing customs valuation per unit under section 14(2) notification amendment.
Amends Notification No. 36/2001-Customs (N.T.) by substituting TABLE-1, TABLE-2 and TABLE-3 to fix tariff values for specified imported goods. The CBEC, under section 14(2) of the Customs Act, prescribes unit tariff values (per metric tonne, per kilogram, per ten grams) for items including crude and refined palm oil and palmolein, crude soybean oil, brass scrap, poppy seeds, areca nuts, and specified forms of gold and silver when certain notification benefits are availed.

Eligible project certification under Section 35AC extended for Barsana Community Health Centre Project for three additional years.
The Central Government has re-notified the Barsana Community Health Centre Project by Sri Chaitanya Seva Trust as an eligible project under Section 35AC for a further three financial years commencing 2014-15, following the National Committee's recommendation that the project is being executed properly; the approved cost remains unchanged.

Section 35AC eligibility extended for Bhaktivedanta Hospital community health project, preserving its approved cost and tax-incentive status.
The Central Government has notified an extension of the eligible project designation for the Bhaktivedanta Hospital community health scheme carried out by Sri Chaitanya Seva Trust, preserving the previously approved project cost and thereby maintaining the project's qualification for the income-tax incentive for the further period specified following a recommendation by the National Committee for Promotion of Social and Economic Welfare.

Tax incentive notification extends eligible development project for three further financial years without altering approved project cost.
The Central Government re-notifies the Chooravilla Joseph Development Foundation's project for continued tax-favoured status under the statutory provision, extending specification for three financial years commencing 2014-15 without change to the approved aggregate project cost, including the corpus fund; the re-specification follows the National Committee's recommendation and preserves prior cost approvals and extensions.

Section 35AC notification extension: hospital project by Gyan Mandal approved for an additional three year period.
The Central Government, on the National Committee's recommendation under the Income tax Rules, 1962, re notifies the hospital project carried out by Gyan Mandal Laxmipura Group Prerit Agrogya Mandal in Sabarkantha, Gujarat, under section 35AC for a further three year period commencing 2014 15, without any change in the previously approved cost or project designation.

Tax-exemption notification extends eligibility for a healthcare infrastructure project, preserving prior approved cost for three more years.
The Central Government, under powers conferred by the Income-tax Act and the Explanation to the relevant provision, notifies Charutar Arogya Mandal's scheme for creating and upgrading cancer and cardiac treatment infrastructure (Part A: cardiac care; Part B: cancer support) as an eligible project for a further three years commencing 2014-15, relying on the National Committee's recommendation and retaining the previously approved cost.

Eligible project extension under section 35AC: continued notification preserves tax incentive status for the specified medical research centre.
The Central Government, under sub section (1) read with the Explanation to section 35AC and following a recommendation by the National Committee under rule 11M(5), notifies the project "Brahmrishi Doodhadhari Burfani International Medical and Research Centre" carried out by Shree Raghvendra Sewashram Samiti as an eligible project for a further three year period, retaining the previously approved project cost unchanged.

Section 35AC project extension continues Vatsalya Trust's notified welfare schemes for three additional financial years.
Central Government re-specifies Vatsalya Trust's notified welfare project-orphanage, balika ashrama, old age home and child parents guidance centres-as an eligible project under Section 35AC, without changing the approved project cost, following the National Committee's recommendation under rule 11M, and thereby enables continued tax-deduction eligibility for contributions for a further three-year period commencing with the 2014-15 financial year.