Tax exemption for regulatory commission income: petition fees and investment interest exempt subject to non commercial activity and compliance.
Notification grants tax exemption to the Rajasthan Electricity Regulatory Commission for amounts received as petition filing fees and interest earned on investment, effective for the notified financial years, subject to: the Commission not engaging in commercial activity; the activities and nature of the specified income remaining unchanged during the financial year; and filing return of income in accordance with the specified provision of the Income Tax Act.

Exemption restriction for duty waivers on transferred import authorisations: permitted transfers require payment of safeguard and anti dumping duties with interest.
Two new provisions condition duty-free treatment on transferability and permission timing: paragraph 2A excludes the exemption from safeguard duty and anti-dumping duty where materials are imported against an authorisation made transferable by the Regional Authority on or after 18th April 2013. Paragraph 2AC provides that where imported materials are transferred with Regional Authority permission granted on or after 18th April 2013, the importer must pay the safeguard and anti-dumping duties that would otherwise have applied, together with interest at fifteen per cent per annum from the date of clearance.

Customs duty increase on gold and silver jewellery imports takes immediate effect under statutory emergency tariff power.
The Central Government, exercising its statutory emergency tariff power, directs substitution of the duty entry in the First Schedule to the Customs Tariff Act for specified tariff items in Chapter 71 relating to articles of precious metal jewellery and goldsmiths' and silversmiths' wares, effecting an immediate increase in the applicable import duty by replacing the column (4) tariff entry for the listed items.

Borrowing and lending rules: RBI may permit use of borrowed rupee funds for on lending to infrastructure or fixed deposits.
Amendment to Regulation 6 authorises the Reserve Bank to permit resident entities to use borrowed rupee funds either for on lending/re lending to the infrastructure sector or for placing the funds in fixed deposits with banks in India pending utilisation for permissible end uses.

Angel fund regulation: new AIF sub category with tailored registration, investor eligibility, investment limits and governance obligations.
The amendment creates angel funds as a sub category of Category I AIFs, prescribes definitions for angel investors and companies with family connection, and provides registration pathways including conversion of unused AIFs and an in principle approval process. Angel funds must raise by issuing units to qualified angel investors, meet minimum investible fund thresholds, accept investor subscriptions within prescribed minimums and timeframes, file scheme memoranda pre launch, cap scheme investor numbers, and comply with investee eligibility, investment size, concentration, lock in and governance obligations; units may not be listed.

Extension of filing deadline for Form Stock-1 online granted, preserving prior notification terms and dealer compliance obligations.
The Commissioner, exercising statutory authority, extends the online filing deadline for Form Stock-1 for stock as of 31 March 2013 to 5 October 2013 for all dealers, superseding earlier notifications as to filing date while leaving other notification provisions unchanged and directing departmental publication and circulation for compliance.

VAT refund privilege suspended for a diplomatic mission under reciprocity, effective immediately until further order.
Withdrawal of VAT refund privilege is imposed on the High Commission of the Islamic Republic of Pakistan, New Delhi, for both official purchases and personal purchases of its diplomats, with effect immediately and until further order. The action is taken pursuant to administrative authority under the Delhi Value Added Tax framework in response to a request invoking the principle of reciprocity and is issued by the Commissioner of Value Added Tax.

Exchange rate notification updated with substituted customs conversion rates for specified foreign currencies, effective mid September.
Amendment substitutes entries in Schedule I to set rupee conversion rates for specified foreign currencies for import and export valuation, effective 17th September, 2013; corrigenda subsequently correct typographical errors in the Kenya Shilling entries.

Duty drawback rates and conditions for exports notified, effective 21 September 2013, detailing rates, caps and exclusions.
Notification No. 98/2013 determines duty drawback rates and caps effective 21 September 2013, superseding the prior schedule and annexing a comprehensive Schedule of ad valorem and specific drawback rates and maximum per unit caps. It aligns tariff items at the four digit level with the Customs Tariff, applies General Rules for Interpretation, distinguishes drawback where Cenvat has or has not been availed, and conditions drawback on procedural compliance, specified documentation, and exclusions for bonded warehouses, Advance Licence/DFRC/EOU/SEZ/FTZ exports and certain rebate benefited goods.

Drawback Rules amendment restricts drawback eligibility to specific tariff headings, limiting claims to certain cereals including wheat.
The notification amends the Customs, Central Excise Duties and Service Tax Drawback Rules, 1995 by substituting, in rule 3(1) second proviso clause (v), rule 6(4) and rule 7(5), the prior list of tariff headings with the words "falling within heading 1006 or on wheat falling within heading 1001," thereby narrowing the tariff headings to which drawback applies.

Fixation of tariff values: notification substitutes revised tariff-value tables for specified imported goods under customs authority.
Amendment under sub-section (2) of section 14 of the Customs Act substitutes TABLE-1, TABLE-2 and TABLE-3 of Notification No. 36/2001-Customs (N.T.) with new tariff-value tables specifying chapter/heading/tariff items, descriptions and corresponding tariff values in US dollars for listed imported goods including palm oil variants, palmolein, crude soybean oil, brass scrap, poppy seeds, gold and silver (under specified notification entries), and areca nuts.

Customs exemption amendment adds sugar beet seeds to the notified tariff list with concessional duty treatment.
The notification amends the Table in Notification No. 12/2012 Customs by inserting serial number 41A to add sugar beet seeds under tariff heading 1209 10 00 and prescribing the applicable concessional duty rate, effectuated by a formal Gazette notification as a further amendment to the principal notification.

ITR-V submission requirement: mail the physical ITR-V by the extended deadline or the return will not be processed.
Taxpayers who electronically filed returns without a digital signature must mail the physical ITR-V by the extended deadline to the Centralized Processing Center at the designated postal address; those who filed ITR-Vs with local offices or who earlier mailed forms but did not receive an acknowledgement must re-mail to that address. Only ordinary post or speed post to the stated address will be accepted, and returns or refunds will not be processed without the processing centre's acknowledgement of the ITR-V.

Renewal of recognition under the Securities Contracts (Regulation) Act granted to a stock exchange, subject to regulator conditions.
Renewal of recognition under the Securities Contracts (Regulation) Act has been granted to MCX Stock Exchange Limited for a one year period in respect of contracts in securities, exercised under statutory powers and expressly subject to compliance with conditions specified by the regulator and any further prescribed or imposed requirements.

Exemption scope expanded: manufacture of rotor blades and their intermediates and parts now covered under central excise notification.
Amendment expands the exemption entry for Sl. No. 327 to include manufacture of rotor blades and intermediates, parts and sub-parts of rotor blades for wind operated electricity generators, and substitutes the corresponding wording in ANNEXURE condition No. 36 to reflect the expanded scope, effected under section 5A of the Central Excise Act, 1944 as a modification to Notification No. 12/2012-Central Excise.

Commencement of Companies Act provisions: government brings specified sections and clauses into force on appointed effective date.
Notification appoints 12 September 2013 as the effective date for specified provisions of the Companies Act, 2013, listing individual sections and ranges of sections to be brought into force while identifying explicit exceptions for certain sub-clauses, provisos and sub-sections; the instrument utilises executive power under section 1(3) to selectively commence governance, procedural and compliance provisions without altering the statutory text.

Commencement date: Delhi Value Added Tax Amendment Act declared in force, activating its provisions on the appointed commencement date.
Appoints the commencement date for the Delhi Value Added Tax (Amendment) Act, 2013 by exercising the power conferred by sub section (3) of section 1; the Lieutenant Governor, by notification dated 11 September 2013, designates 12 September 2013 as the date on which the Act shall come into force and orders publication in the Delhi Gazette and circulation to specified administrative offices.

Qualified Foreign Investor eligibility requires FATF/IOSCO membership and KYC compliance, with residency and SEBI registration exclusions.
Defines Qualified Foreign Investor (QFI) eligibility: initially residence in an FATF-compliant jurisdiction and IOSCO MMoU signatory plus SEBI KYC compliance, excluding SEBI-registered FIIs/FVCIs. Subsequently, residence in a FATF member or group member and IOSCO MMoU signatory or party to a bilateral MoU with SEBI providing information sharing, while excluding residents of jurisdictions with FATF-identified AML/CFT deficiencies, residents of India, and SEBI-registered FIIs, FII sub-accounts, or FVCIs.

Corrigendum amends FEMA notification terminology, substituting 'Regulation' with 'paragraph' and 'regulation' with 'Notification' for clarity in text.
Corrigendum effects two textual substitutions in a FEMA notification: it replaces the phrase referring to insertion after "Regulation (3)" with a reference to insertion after "paragraph (3)", and it amends the Explanation by substituting "this regulation" with "this Notification", making the drafting cross-references and scope terminology consistent without changing substantive provisions.

Foreign investment in micro and small enterprises allowed subject to sectoral exclusions, prescribed annex limits and applicable FDI policy.
A corrigendum substitutes regulation 2 to allow a Micro and Small Enterprise (including Export Oriented Units, units in Free Trade Zones, Export Processing Zones, Software Technology Parks and Electronic Hardware Technology Parks) not engaged in activities in Annex A to issue shares or convertible debentures to a person resident outside India subject to the limits in Annex B, the specified Entry Routes and the provisions of the Foreign Direct Investment Policy. An Explanation defines micro and small enterprise classifications by investment in plant and machinery for manufacturing and by investment in equipment for services.