Extension of stock statement filing deadline: eligible small dealers granted extended online filing until 16.09.2013 under DVAT Act
An extension is granted for online filing of the stock statement in Form Stock-1 for stock as on 31 March 2013: dealers meeting the small-dealer gross-turnover threshold for 2012-13 must file by 16.09.2013. The Commissioner issues the extension under section 70(1) read with section 70(3) of the Delhi Value Added Tax Act, 2004, partially modifying earlier notifications while preserving their other provisions.

Premature encashment effective dates revised: eligible investors permitted semiannual encashment in August and February each year.
Amendment clarifies the effective date for premature encashment for eligible investors under the Income Tax notification dated July 29, 2013: the effective dates shall be 1st August and 1st February every year, and all other terms and conditions of the earlier notification remain unchanged.

Exchange Rate Determination sets official currency conversion rates for import and export valuation, effective mid-August, affecting customs declarations.
The Central Board of Excise and Customs, exercising powers under section 14 of the Customs Act, prescribes the official rates of exchange for the foreign currencies listed in Schedule I and Schedule II for conversion into Indian currency and vice versa, for valuation of imported and exported goods, effective 15th August, 2013, and supersedes the prior notification except for prior actions.

Fixation of tariff values: notification substitutes tariff value tables to update import valuation references for listed goods.
Substitution of TABLE-1, TABLE-2 and TABLE-3 in the principal non-tariff notification under section 14(2) of the Customs Act, 1962 to set tariff values in US dollars for specified goods (listed by tariff heading and description) and to fix the unit basis for valuation, effected by Notification No. 82/2013-CUSTOMS (N. T.), dated 14 August 2013.

Exchange of information expanded: mutual tax information sharing and on site cooperation authorized under India Sweden amending protocol.
Article 27 now mandates that competent authorities exchange foreseeably relevant information for administering or enforcing the Convention and domestic tax laws, subject to confidentiality, limited disclosure and use solely for specified tax-related purposes unless both States' laws and the supplying authority permit other uses. The Article prohibits withholding information solely on the ground that it is held by banks or fiduciaries, requires requested States to use their information gathering measures even absent domestic interest, and preserves limitations preventing measures contrary to domestic law or public policy.

Minimum export price for onions imposed, restricting exports unless exporters comply with DGFT-notified MEP conditions.
Export of onions listed in the specified Schedule 2 entries of ITC(HS) is permitted only subject to a Minimum Export Price (MEP); this amendment to the Foreign Trade Policy applies to all varieties covered and is effective immediately, with the MEP subject to revision or re-notification by the competent authority.

Import controls on ammonium nitrate require licence from the explosives regulatory authority under the Ammonium Nitrate Rules.
Import of ammonium nitrate (Exim Code 3102 30 00), though listed as free for import, is subject to a licensing requirement where the substance or any combination contains more than 45% ammonium nitrate by weight, including emulsions, suspensions, melts or gels, and where the material is classified as an explosive; such imports require prior licence from the designated explosives regulatory authority under the Ammonium Nitrate Rules, 2012.

Overseas investment limits require compliance with net worth-based ceilings and prior regulatory approval for exposure breaches.
The amendments cap an Indian party's overseas investment by reference to a net worth-based ceiling, specifying which items form part of the total financial commitment, including remittances by market purchases, capitalization of export proceeds, full value of guarantees, investment in agricultural operations, ECBs compliant with guidelines, and fifty percent of performance guarantees; invocation of performance guarantees exceeding the ceiling requires prior regulatory approval before remittance. The drawal of foreign exchange from authorized dealers is aligned to the same net worth-linked limit, and bank guarantees backed by counter-guarantee or collateral are fully reckoned. Certain jurisdictional investments are placed on the approval route.

Resident individual foreign exchange drawal limits consolidate capital account transactions, gifts and donations while restricting overseas property remittances.
Regulation 4(a) permits a resident individual to draw foreign exchange up to USD 75,000 per financial year for specified capital account transactions, subject to applicable foreign exchange law. Overseas immovable property acquisition remittances are prohibited under this facility, while gift and donation remittances are included within the same annual limit. Drawals exceeding the annual threshold remain governed by transaction-specific limits. The facility cannot be used directly or indirectly for remittances to Financial Action Task Force-notified non-cooperative countries and territories.

Special Economic Zone expansion: statutory notification adds a survey parcel to the biotechnology SEZ, updating the notified land area.
Pursuant to the Special Economic Zones Act, 2005 and the Special Economic Zone Rules, 2006, the Central Government notifies inclusion of a specified survey parcel into the sector specific biotechnology SEZ at Kodur and Settipalli villages, Chilamathur mandal, District Anantapur, thereby amending the notified SEZ area and updating the total notified extent.

Withdrawal of VAT notifications: specified DVAT form notifications withdrawn with immediate effect by the Commissioner under section seventy authority.
The Commissioner of Value Added Tax, invoking section 70 of the Delhi Value Added Tax Act, notifies withdrawal of earlier departmental notifications that had issued revised Form DVAT-16 and Form DVAT-17; this withdrawal rescinds the earlier notifications and takes immediate effect.

Corrigendum to notification citation formatting: corrected bracket and comma placement to standardize Gazette reference in official notification.
The English version of Notification No. 09/2013 Central Excise (N.T.), dated 23rd May, 2013, is corrected: in line 3 of Paragraph 1 replace "[(GSR 465 E dated 26th June, 2001)]" with "[GSR 465 (E), dated 26th June, 2001]" to standardize the Gazette citation punctuation.

Citation correction updates central excise notification reference to include formal Gazette designation for accuracy.
A corrigendum amends Notification No. 08/2013-Central Excise (N.T.), dated 23rd May, 2013, replacing the bracketed citation "[G.S.R. 467 dated 26th June, 2001]" with the punctuated reference "[G.S.R. 467 (E), dated 26th June, 2001]" to ensure the Gazette designation is accurately recorded.

Scientific Research Association approval requires dedicated research, segregated accounts, audited returns and donation statements to retain tax exemption.
Approval of C-DOT as a Scientific Research Association is effective from 1-4-2002, conditional on having the sole objective of undertaking scientific research, carrying out research itself, maintaining separate books of account for research receipts and applications, obtaining an audit of those books by a qualified accountant and furnishing the audit report by the income-tax return due date, and maintaining a certified statement of donations received and amounts applied for research; approval may be withdrawn for failure to comply or if research ceases or is not genuine.

Customs tariff amendment updates exemption table entries for specified serial numbers, substituting revised duty entries under section 25(1).
The Central Government, under section 25(1) of the Customs Act, 1962, amends Notification No. 12/2012 Customs by substituting revised entries in the Table: column (5) entries for S. Nos. 116, 318 and 320 are replaced; column (4) entry for item (i) of S. No. 321 is replaced; and column (4) entries for S. Nos. 322, 323, 324 and 328 are replaced, with reference to the principal notification and its prior amendment.

Central excise tariff amendment revises listed exemption entries, substituting updated excise rate figures in the statutory schedule.
Amendment notification substitutes the entry in column (4) of the tariff Table in the principal Central Excise notification for specified serial numbers and items, replacing prior entries with newly specified percentage rates against each affected item, and notes issuance under statutory authority with reference to the principal notification and its last amendment published in the Gazette of India.

Special Economic Zone expansion for IT/ITES increases notified land area at Kozhikode, adding specified survey parcels to the SEZ.
Central Government notification under SEZ legislation adds 0.4143 hectare to the sector specific IT/ITES Special Economic Zone at Nellikode and Pantheerankavu, Kozhikode, bringing the total notified SEZ area to 12.0990 hectares. The addition is effected under statutory powers and SEZ Rules and specifies the survey numbers and parcel areas included in the extension.

Special Economic Zone area addition: central government notifies expansion of IT/ITES SEZ at Kakkanad under SEZ Act.
The Central Government, exercising powers under the Special Economic Zones Act and applicable SEZ Rules, notifies inclusion of an additional 1.0563 hectares into the Kakkanad IT/ITES Special Economic Zone proposed by M/s. Infopark, thereby increasing the SEZ's total area to 33.6809 hectares. The notification amends prior area notifications, lists the specific village survey numbers and sub parts comprising the added land, and records the consolidated total area after the addition.

SEZ sector definition and land requirements revised, with new built up standards and a regulated asset transfer exit mechanism.
The amendment revises sector definition to permit combining related products, services, ancillary and R&D activities as a single sector with Board approval; reduces minimum land thresholds and prescribes differentiated minimum built up processing areas for specified sectors and city categories; and establishes a transfer mechanism allowing SEZ units to exit by transferring assets and liabilities to an approved transferee subject to lease and operational tenure, Approval Committee consent, transferee eligibility, and transfer of duties, liabilities and export obligations.

Buy-back regulation tightened: prohibits large open-market repurchases and mandates escrow security, disclosure, timing, and extinguishment safeguards.
Amendments prohibit certain open-market buy-backs reaching a material portion of paid-up capital and reserves, bar a subsequent buy-back within one year of closure, require at least half of the earmarked buy-back amount to be used for repurchases, mandate prompt announcement, opening and closing timelines, daily disclosures, a separate mechanism for physical share buy-backs with identity verification and VWAP-based pricing, and creation of an escrow with cash or bank guarantee subject to drawdown, minimum cash security, staged release, and limited forfeiture to SEBI's investor fund for non-compliance.