Tax exemption for government grants: grants in aid to Gujarat State AIDS Control Society notified, subject to activity, income and return filing conditions.
Notification under the Income-tax Act notifies the Gujarat State AIDS Control Society for the purposes of clause (46) of section 10, specifying that amounts received as grants-in-aid from the Central Government are the Society's specified income. The notification applies to financial years 2011-2012 and 2012-2013 and to 2013-2014 through 2015-2016, subject to conditions that the Society not engage in commercial activity, maintain unchanged activities and income character, and file returns as required by clause (g) of sub-section (4C) of section 139.

Import Policy Change: Electrical energy declared free for import, removing prior authorization requirement under foreign trade policy.
The import policy for electrical energy under Exim Code 2716 00 00 is amended from restricted to free, removing the requirement for prior import authorization and updating Chapter 27 of the ITC (HS) Schedule 1 (Import Policy) accordingly.

Anti-dumping duty extension on rubber chemical PX-13 maintains levy by substituting the earlier expiry date for a further period.
The Central Government, exercising powers under the Customs Tariff Act and rule 23 of the anti dumping rules following a continuation review, amends the principal notification to substitute the prior expiry date in paragraph 2 with a new date, thereby extending the anti dumping duty on rubber chemical PX-13 (6PPD) originating in or exported from Korea RP for a further period.

Anti-dumping duty extension on rubber chemicals maintained after statutory review, continuing duty for a further period.
The Central Government, exercising powers under the Customs Tariff Act and the applicable anti-dumping rules, amended Notification No. 133/2008-Customs to insert a provision maintaining the anti-dumping duty on specified rubber chemicals originating in or exported from the People's Republic of China for an additional period, following a statutory continuation review and a request for extension, and subject to earlier revocation where applicable.

Delhi VAT returns amended: Commissioner must issue Form DVAT-56 receipt; new Form 1 return substituted.
The amendment substitutes Rule 3(2) of the Central Sales Tax (Delhi) Rules, 2005 to require the Commissioner or an authorised person to issue a receipt in Form DVAT-56 acknowledging receipt of a dealer's return when accompanied by Part-'C' of the receipted treasury challan, and replaces the appended Form 1 with a new quarterly Return of Sales Tax setting out identification, turnover breakdown, specified deductions, tax computation, deposit proof requirements, and verification and filing instructions.

Exchange rate determination for foreign currency conversion affecting import and export valuation under Customs Act.
Determination of exchange rates for conversion between specified foreign currencies and Indian rupee for customs valuation purposes effective 5th July 2013, superseding the prior notification; Schedule I sets unit rates for multiple currencies with separate columns for imported and export goods, and Schedule II sets the rate for 100 units of Japanese Yen. Corrigenda correct previously published numeric entries for the Kenya Shilling.

Recognised association compliance for derivatives requires FMC approval, immutable audit trails, client identification, and monthly modification reporting.
A recognised association for derivatives must have Forward Markets Commission approval, record and store client particulars including unique client identity number and PAN, maintain a non erasable seven year audit trail of derivative transactions, and permit modifications only for genuine errors while retaining data on modifications. Associations must apply for notification with FMC approval and supporting documents, and the Central Government will notify or reject the application within the prescribed period. Monthly submission of the prescribed Form No. 3BC is required to report transactions where client codes were modified, with an electronic annexure detailing transaction and client data.

Exchange of information: Protocol mandates tax information sharing with confidentiality, limited exceptions, and obligation to obtain requested data.
The Protocol replaces Article 21 to exempt students present in the other Contracting State for education or training from tax on grants, maintenance payments from persons outside the host State, and study related remuneration, subject to a reasonable duration and a maximum of six consecutive years, and replaces Article 28 to require exchange of information foreseeably relevant to tax administration or enforcement, subject to confidentiality, limited disclosure for tax purposes, specified limitations consistent with domestic law, and an obligation to use information gathering measures even when the requested State has no domestic interest in the information.

Tax exemption under clause 10(46) permits institutional income relief subject to non commercial and filing conditions.
A notification exempts specified institutional receipts - government grants, licence fees from electricity licensees, court or petition fees, and interest on such receipts - of a state electricity regulatory commission from income taxation, subject to conditions: no engagement in commercial activity, unchanged nature of activities and specified income throughout the financial year, and filing the return of income as prescribed by the Act. The exemption applies retrospectively to the prior financial year and to specified subsequent financial years.

Tax exemption for Odisha Electricity Regulatory Commission: specified income exempt subject to activity, income nature and return filing conditions.
Notification under clause (46) of section 10 of the Income tax Act notifies that the Odisha Electricity Regulatory Commission's specified income-Government grants, licence fees from electricity licensees, application processing fees, and interest on such grants and fees-is exempt for financial years 2012 13 through 2016 17, subject to conditions that the Commission does not engage in commercial activity, that its activities and the nature of the specified income remain unchanged during the year, and that it files returns in accordance with clause (g) of sub section (4C) of section 139.

SCOMET controls expand specified chemical-processing equipment controls by material and size thresholds under foreign trade policy
Substitution of SCOMET Category 3D001 prescribes export controls on specified chemical-processing and containment equipment where surfaces contacting chemicals are made from listed materials and where items exceed stated size, capacity, or performance thresholds; technical notes define carbon-graphite and nominal valve size, and a statement excludes equipment specially designed for civil applications while cautioning against transfers that would defeat controls.

Diamond certification standard: reduced minimum carat for duty-free re-import after authorised laboratory grading and certification.
Amendment reduces the minimum diamond size eligible for certification and duty-free re-import to 0.10 carat and above, identifies authorised laboratories for grading, and permits eligible exporters to export cut and polished diamonds of 0.10 carat or above to those agencies with a zero-duty re-import facility within the prescribed re-import period, thereby updating Paras 4A.2.1 and 4A.2.2 of the Foreign Trade Policy 2009-2014.

Anti-dumping duty continuation on PVC Paste Resin: imports from the European Union subject to specified per unit customs levy.
Continued imposition and modification of definitive anti-dumping duty on Poly Vinyl Chloride Paste Resin from the European Union following a Sunset Review: dumped imports caused injury to domestic industry, existing duties were insufficient, and the Central Government, under section 9A and anti-dumping rules, imposes a specified per unit duty on imports from or exported from the European Union, excludes certain PVC variants, and prescribes exchange rate and bill of entry rules for duty calculation.

Anti-dumping duty on acetone imports from a reviewed exporter now subject to final assessment for the provisional period.
The Central Government orders that imports of Acetone exported by M/s Chang Chun Plastics Co. Ltd, Chinese Taipei, which were provisionally assessed during the new shipper review period, shall be finally assessed by applying the anti-dumping duty rate recommended by the designated authority for that provisional period; the rate of exchange for duty calculation shall be the rate specified in notifications under the Customs Act and determined with reference to the date of presentation of the bill of entry.

Exemption on services to SEZ units allows ab initio non payment or refund of service tax subject to approval and conditions.
Exemption from service tax and applicable cesses is granted for services received by SEZ Units or Developers and used for authorised operations, either by refund of tax paid or by permitting ab initio non payment where services are exclusively used. Claimants must obtain Approval Committee approval of specified services, file Form A 1 and receive Form A 2 authorisation for non payment, provide the authorisation to service providers, maintain records, file quarterly Form A 3 returns, and, where refund is sought, apply in Form A 4 within prescribed timelines; refunds and distribution with DTA units follow CENVAT rule 7.

Extension of stock statement filing deadline: online Form Stock-1 due later for two dealer classes under DVAT rules.
The Commissioner of Value Added Tax authorises an extension for online filing of Form Stock-1 for stock as of 31 March 2013, partially modifying an earlier notification. Two staggered deadlines are prescribed by dealer class: dealers with Gross Turnover up to one crore have an extended due date in early August 2013; dealers with Gross Turnover above one crore have an extended due date in early October 2013. The notification also directs departmental circulation, publicity, and website upload for implementation.

Tariff value fixation: Government updates prescribed tariff values for specified imported commodities under customs valuation framework.
The Central Board of Excise & Customs, invoking sub-section (2) of section 14 of the Customs Act, 1962, substitutes TABLE 1, TABLE 2 and TABLE 3 of Notification No. 36/2001 Customs (N.T.) with new schedules prescribing tariff values in US dollars for specified imported commodities (including edible oils, brass scrap, poppy seeds, areca nuts) and per unit valuations for gold and silver when particular notification benefits are availed.

Tariff value fixation: substitution of tariff tables fixing valuation benchmarks for specified imported commodities under customs rules.
Amendment under section 14(2) of the Customs Act, 1962 substitutes TABLE-1, TABLE-2 and TABLE-3 of Notification No. 36/2001-Customs (N.T.) to fix tariff values in US dollars for specified imported commodities. The substituted Tables set commodity-specific tariff values per metric tonne or per unit for palm oils and palmoleins, crude soyabean oil, brass scrap, poppy seeds, areca nuts, and for gold and silver where certain notification benefits are availed, thereby updating valuation benchmarks for customs duty assessment.

Online filing of registration forms requires DVAT 04 plus specified supplementary forms and supporting documents submitted via the department website.
The notification requires online submission of the registration application in Form DVAT 04 under section 19 together with Forms WC 01, DVAT 01, DM 01, BU 01 (where applicable under section 16) and Form 'A' under the Central Sales Tax (Registration & Turnover) Rules, 1957 via the departmental website; the earlier notification's other contents remain unchanged. Form DVAT 04 contains Parts A-D with mandatory checklists, verification and authorised signatory requirements, provisions for additional places of business, and a security calculation with specified rebates for supporting proofs.

Authorisation for financial records access: allows tax authority to obtain account information for notified jurisdiction transactions.
Insertion of rule 21AC requires an authorisation in Form No.10FC for payments to financial institutions in notified jurisdictional areas, with the first copy deposited with the financial institution and a second copy plus evidence submitted to the Assessing Officer; the authorisation must be made legally enforceable and includes an irrevocable waiver of data protection and banking secrecy. For transactions with specified persons in notified areas the assessee must maintain ownership structure, multinational group profile, business description and other relevant documents up to the return filing date and retain them for eight years.