Submission procedure for cadre restructuring: proposals must be sent by post and email while personal visits are discouraged.
All draft proposals and requisite information for cadre restructuring must be forwarded by post with a soft copy sent by e-mail; this submission method is mandatory. Personal visits to submit proposals are discouraged and unnecessary unless the nodal officer requests otherwise. Routine clarifications should be addressed telephonically with the nodal officer or designated contacts, and submissions should be made available for upload to the departmental database or website.

Export Conditions for Pig Bristles and Hair: EU exports allowed subject to consignment-wise certification and post-shipment health documentation.
A new export-policy entry allows export of pig bristles and hair to the EU as "Free" but subject to consignment-wise certification: a Shipment Clearance Certificate issued by the designated export certification body with exporter, plant, product, invoice, loading port and destination details, and, post-shipment, a Production Process Certificate and/or Health Certificate issued by the designated certification body to the buyer as required by the EU.

Default authorised services expanded to include air travel agent, rail travel agent and travel agent services for SEZ units.
The uniform list of default authorised services for Special Economic Zones has been expanded to include Air Travel Agent Services, Rail Travel Agent Services and Travel Agent Services. Development Commissioners and Unit Approval Committees are directed to implement this inclusion and may further expand the authorised services list in their respective zones to facilitate units and developers.

Exchange Rate Determination: new customs conversion rates take effect for import and export goods from June.
Central Board of Excise and Customs, exercising statutory authority under the Customs Act, determines rates of exchange for conversion of specified foreign currencies into Indian rupees and vice versa for customs purposes, effective 20th June, 2014; distinct rates are prescribed for imported goods and for export goods in Schedule I (per unit) and Schedule II (per 100 units), and the notification supersedes the earlier June 2014 notification except as to prior actions.

Anti-dumping duty extension on injection moulding machines from China PR maintained pending review, remaining in force until 11 May 2015.
The notification amends the earlier anti-dumping duty measure on plastic processing or injection moulding machines (clamping force 40-1000 tonnes) originating in China PR by inserting a clause that continues the existing duty pending completion of a statutory review, keeping the duty in force up to and inclusive of 11 May 2015 under powers conferred by the Customs Tariff Act and the anti-dumping rules.

Valuation requirement mandates registered valuer report or interim valuers; preferential issue pricing must not be below that valuation.
Amendments confirm differential-rights equity shares issued under the 1956 Act remain governed by prior provisions; until registered valuers are appointed, valuation reports for preferential issues may be made by an independent merchant banker registered with the securities market regulator or by an independent Chartered Accountant with ten years' practice, and preferential issue price must not be less than the price determined by a registered valuer. Secured debentures may be issued for extended tenures by specified infrastructure and finance-related companies, and housing finance companies are included in related regulatory provisos.

Prescribed fees for VAT proceedings and enhanced return fields require fee payment, TAN disclosure, and purchase reconciliation.
The rules prescribe that every memorandum of appeal be accompanied by the Annexure 1 fee and replace Annexure 1 with a detailed fee schedule covering registration, duplicates, inspections, copies, appeals, specific determinations, practitioner enrolment, and vakalatnama. Forms DVAT 16, DVAT 17 and DVAT 48 are amended to add TAN questions, new blocks (R11/R9) to record tax deficiencies admitted during proceedings and deposits made, and a new Annexure 2A(1) requiring quarter wise reporting of purchases received late for input tax reconciliation, with instructions on deposit reporting and conditional invoice upload relief.

Minimum Export Price for onions imposed; exports allowed only subject to DGFT notified floor price and item classification.
Exports of onions described at the relevant item entries of Chapter 7, Schedule 2 of the ITC(HS) classification are permitted only subject to a prescribed Minimum Export Price or such floor price as may be notified, thereby subjecting all described varieties to an MEP-based export control mechanism.

National Rubber Policy: Expert Committee formed to assess rubber supply, production and recommend policy measures promptly.
An Expert Committee, chaired by the Additional Secretary (Plantations), Department of Commerce and serviced by the Rubber Board, is constituted to formulate a National Rubber Policy. Its Terms of Reference require a review of growth and ten-year demand-supply prospects for NR, SR and RR; assessment of import impacts; review of procurement, sale and import methods; recommendations on policy instruments to insulate growers from production and price risk; measures to expand cultivation and improve productivity; proposals on incentives, taxation, foreign trade licensing and welfare measures. The Committee may co-opt experts and must submit a draft policy and report promptly.

Establishment of Registrar of Companies in Hyderabad confers territorial jurisdiction over Telangana for company registration.
Establishment of a Registrar of Companies office in Hyderabad with territorial jurisdiction over the whole State of Telangana to discharge statutory functions and to undertake company registration; the existing Registrar of Companies, Hyderabad is designated for this purpose, and the notification takes effect upon publication in the Official Gazette.

Official Liquidator jurisdiction established for Hyderabad, consolidating liquidation authority across the State of Telangana under Companies Act.
The Central Government institutes the office of the Official Liquidator at Hyderabad and appoints that Official Liquidator to exercise territorial jurisdiction for company liquidation throughout the State of Telangana; the notification takes effect upon publication in the Official Gazette.

Export exemption for specified staple foods allows shipments to Bhutan free from India's export bans and quantitative limits.
The Central Government exempts exports of milk powder, wheat, edible oil, pulses and non-basmati rice to Bhutan from any export ban, invoking powers under the Foreign Trade (Development & Regulation) Act and the Foreign Trade Policy; the exemption applies without quantitative restrictions and supersedes earlier notifications.

Fixation of tariff values: notification updates customs tariff values for specified imported commodities under statutory power.
The Central Board of Excise & Customs, exercising powers under section 14(2) of the Customs Act, 1962, amends Notification No. 36/2001-Customs (N.T.) by substituting TABLE-1, TABLE-2 and TABLE-3 to prescribe updated tariff values in US dollars for specified imported commodities, including various palm oils, palmolein, crude soyabean oil, brass scrap, poppy seeds, areca nuts, and unit-based values for gold and silver where certain notification benefits are availed.

Anti dumping duty continuation on homopolymer PVC: targeted duties imposed by origin, exporter and producer to prevent dumped imports.
Continuation of anti dumping duty on homopolymer of vinyl chloride monomer (suspension grade) is imposed following a review that found dumped imports (except Korea RP) causing material injury; the Central Government has prescribed country , producer and exporter specific duty rates as set out in the Table, with certain nil entries, payment in Indian currency, a five year effectiveness unless earlier revoked, and exchange rate determination linked to notifications under the Customs Act and the bill of entry date.

Anti-dumping duty imposed on PVC homopolymer imports from EU and Mexico to counter dumped imports and protect domestic industry.
Definitive anti-dumping duty is imposed on homopolymer of vinyl chloride monomer (suspension grade) imports from the European Union and Mexico for five years to counter dumped imports causing material injury. Specified per metric ton rates in US dollars apply to named producers and exporters and to other exporter/country combinations at higher residual rates. The product scope excludes certain specialty PVC suspension resins. Duty is payable in Indian currency using the Government-specified exchange rate with the relevant date as the bill of entry presentation.

Dividend declaration prohibited unless prior losses and unprovided depreciation are first set off against current year profits.
The substituted sub-rule (5) of rule 3 provides that no company shall declare dividend unless carried over previous losses and depreciation not provided in previous year or years are set off against profit of the company of the current year.

Appropriate Government Treasury designation expands e-payment collection; authorised bank branches may also accept offline challan payments.
Notification designates Bank of India branches within the National Capital Territory as an additional Appropriate Government Treasury to collect tax, interest, penalty and other amounts due under the Value Added Tax framework and Central Sales Tax Act from dealers, casual traders, contractees and other persons, limited to e-payment mode; and authorizes authorised HDFC Bank branches to accept physical offline payments via departmental challan in addition to e-payments.

Audit committee and nomination committee requirement imposed on certain public companies to be constituted within prescribed timeframes.
Public companies covered by the amended rule that were not previously required to constitute an Audit Committee must constitute an Audit Committee within the transitional period from commencement of the amendment or from appointment of independent directors, whichever occurs earlier; those companies are also required to constitute a Nomination and Remuneration Committee within the same transitional timeframe.

Project export approvals required for deferred payment, turnkey and civil construction contracts; prior clearance from EXIM Bank or authorised dealer.
The amendment substitutes Regulation 18 to require that exports on deferred payment terms or executed as turnkey projects or civil construction contracts obtain prior approval before entering into any such export arrangement. Exporters must submit proposals to the approving authority, which will consider them per Reserve Bank of India guidelines. "Approving authority" is defined as the EXIM Bank of India or the authorised dealer.

Cost Inflation Index updated to include the financial year with a prescribed index, altering the statutory index table.
Notification No. 31/2014 dated 11 June 2014 amends the notification S.O. 709(E) by inserting serial number 34 in the Table to record the Cost Inflation Index for the financial year 2014-15, thereby adding the prescribed index entry for that year; the amendment is published in the Gazette and references the principal notification and its prior amendment.