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National Savings Certificates (IX Issue) Amendment Rules, 2013
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Interest accrual and reinvestment defines yearly accrual, reinvestment and staged encashment values for specified savings certificates.
The rules insert a new sub-rule prescribing a fixed post-maturity encashment amount for a Rs.100 certificate purchased on or after 1 April 2013, an annual ten-year interest accrual table with interest for the first four years deemed reinvested and aggregated with face value, and proportionate treatment for other denominations. They also amend transitional wording and add a staged encashment schedule for certificates encashed after three years, specifying payable amounts in successive half-year bands up to ten years for a Rs.100 certificate, proportionate for other denominations.
SENIOR CITIZENS SAVINGS SCHEMES (AMENDMENT) RULES, 2013
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Interest rate fixation: Senior Citizens Savings Scheme deposits made from the effective date earn the prescribed annual interest.
Amendment to the Senior Citizens Savings Scheme Rules inserts a proviso to rule 7(1) declaring that deposits made on or after 1 April 2013 shall bear the interest rate specified in the proviso, and that the amendment is deemed to have been in force from 1 April 2013; the change is made under the rulemaking power conferred by section 15 of the Government Savings Banks Act, 1873, with certification that the retrospective effect does not prejudice depositors.
NOTIFIED RATE OF INTEREST ON SUBSCRIPTIONS MADE TO SAID FUND ON OR AFTER 1-4-2013
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PPF interest rate revised; updated rate applies to subscriptions made on or after the notified effective date.
Subscriptions to the Public Provident Fund and subscriber balances on or after 1 April 2013 shall accrue interest at the notified rate of 8.7 per cent per annum, as fixed by the Central Government under its statutory authority.
Post Office Time Deposit (Amendment) Rules, 2013
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Post Office time deposit interest amendment establishes a new rate schedule and retrospective commencement for deposits.
Amendment revises rule 7 of the Post Office Time Deposit Rules by narrowing Table S applicability and inserting Table T as the rate schedule for deposits made on or after the 1st day of April, 2013; the Notes to rule 7 are amended to refer to both Table S and Table T, and the amendment is deemed to have come into force on that date.
Post Office (Monthly Income Account) Amendment Rules, 2013
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Interest rate amendment for Post Office Monthly Income Account prescribes a revised annual rate applied retrospectively from the effective date.
Amendment inserts a new clause to rule 8 fixing the annual interest rate at 8.4 per cent. per annum for deposits made on or after 1 April 2013; the Post Office (Monthly Income Account) Amendment Rules, 2013 are made under the rulemaking power conferred by section 15 of the Government Savings Banks Act and are deemed to have come into force on 1 April 2013, with certification that retrospective effect will not prejudicially affect deposit holders.
Post Office Recurring Deposit (Amendment) Rules, 2013
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Post Office Recurring Deposit amendment updates payable tables and continuation and death-benefit provisions for eligible accounts.
The Post Office Recurring Deposit (Amendment) Rules, 2013 amend the 1981 Rules by substituting Schedule entries in rule 9, expanding table references in rules 10-12 to add Tables 50-52, and inserting Tables 50-52 which prescribe amounts payable for accounts opened on or after 1 April 2013 when continued beyond maturity or on depositor's death; the notification is made under Section 15 of the Government Savings Banks Act, 1873 and is deemed effective from 1 April 2013.
National Savings Certificates (VIII Issue) Amendment Rules, 2013.
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Maturity and interest rules for National Savings Certificates revised; encashment and reinvestment terms clarified, effective retrospectively.
Amendment fixes the maturity period of National Savings Certificates purchased on or after 1 April 2013 at five years; specifies annual interest accrual for each of the first five years per Rs.100 denomination with accruals for years one through four deemed reinvested and aggregated with face value; and prescribes tiered encashment amounts for certificates encashed after three years but before five years, stated for Rs.100 denomination and proportionately for other denominations.
Post Office (Monthly Income Account) Amendment Rules, 2013
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Post Office Monthly Income Account interest set at 8.4% for deposits from April 1, 2013.
The Central Government amends the Post Office (Monthly Income Account) Rules, 1987 to insert a new clause in rule 8(1) specifying interest at 8.4 per cent. per annum for deposits made on or after 1 April 2013, and declares the amendment to be deemed effective from 1 April 2013.
National Savings Certificates (VIII Issue) Amendment Rules, 2013
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National Savings Certificates: five-year maturity with specified annual accruals and staged encashment amounts for purchases from April 1, 2013.
Certificates purchased on or after 1 April 2013 have a five year maturity; the maturity encashment for Rs.100 is Rs.151.62 with proportionate rates for other denominations. Interest for a Rs.100 certificate accrues yearly (First 8.68; Second 9.43; Third 10.25; Fourth 11.14; Fifth 12.11 rupees) and interest accrued each year up to end of the fourth year is deemed reinvested and aggregated with face value.
Draft Notification regarding revision of fee/ user charges
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Revision of user fees: Schedule IV fees will be set by the latest User Fee Notice, subject to public comment.
The draft substitutes Schedule IV, Part 2 fee listings in the Explosives Rules, 2008 with a provision that fees "shall be as stipulated vide" the latest User Fee Notice (Explosives), naming the amendment the Explosives (Amendments) Rules, 2013 and providing that they commence on final Gazette publication.
Amendment in the notification No. 36/2001-Customs (N.T.) dated the 3rd August , 2001
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Tariff value fixation for imported areca nuts added to customs notification, setting a specified per ton valuation.
The Central Government, under Section 14(2) of the Customs Act, 1962, amends Notification No. 36/2001 Customs (N.T.) by inserting TABLE 3 to fix a tariff value for imported goods; TABLE 3 lists Chapter/Heading 080280 for areca nuts with a specified tariff value per metric ton, formalizing that valuation for customs assessment.
Seeks to extend the levy of anti-dumping duty imposed vide notification No. 74/2011-Customs, dated the 12th August 2011 on imports of ‘Pentaerythritol’, originating in, or exported from, Chinese Taipei for a further period of one year i.e. upto and inclusive of 27th April, 2014
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Anti-dumping duty extension on pentaerythritol prolongs protection for imports from Chinese Taipei under Customs Tariff provisions.
The Central Government amends the principal notification to extend the anti-dumping duty on pentaerythritol originating in or exported from Chinese Taipei for an additional year, substituting the earlier expiry date in paragraph 2 with the later date and maintaining the levy until that date unless revoked earlier, pursuant to the continuation-review mechanism under the Customs Tariff Act and applicable anti-dumping rules.
Seeks to extend the levy of anti-dumping duty imposed vide notification No. 75/2008-Customs, dated the 10th June, 2008 on imports of ‘Acetone’, originating in, or exported from, Korea RP for a further period of one year i.e. upto and inclusive of 9th June, 2014
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Anti-dumping duty extension preserves the levy on acetone imports from Korea RP for an additional year unless revoked.
Amendment to the principal customs notification extends the anti-dumping duty on acetone imports from Korea RP by inserting a paragraph that preserves the duty for an additional one-year period, specifying that the duty shall remain in force up to and inclusive of the terminal date unless revoked earlier; the extension is effected under the Customs Tariff Act and the anti-dumping rules following a continuation review.
Amendment to the Composition of Licensing Committee under Notification S.O. 1843(E) dated 24-06-2013.
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Licensing committee composition revised to specify ministerial members and nominees, clarifying membership and secretariat roles for industrial licensing.
Amendment revises the Licensing Committee composition by substituting the prior entries: Chairperson is Secretary, Department of Industrial Policy and Promotion (or nominee); members include the concerned Administrative Ministry Secretary (or nominee), Secretary, Ministry of Home Affairs (or nominee), Director General of Foreign Trade (or nominee), Development Commissioner (Small Scale Industries) (or nominee), the State Industries Secretary/Commissioner, and the Joint Secretary, Secretariat for Industrial Assistance as Member-Secretary.
Standardizing the process of filing application under section 10(46) of the Income Tax Act, 1961
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Tax exemption application process standardized; applicants must file prescribed format and enclosures to jurisdictional tax authorities.
Standardization requires applicants seeking Central Government notification under section 10(46) to file a uniform application with prescribed enclosures to the jurisdictional Commissioner/Director of Income Tax and send a copy with acknowledgement to the Under Secretary (ITA 1), CBDT. Eligibility hinges on establishment by or under a Central/State Act or by government for public benefit regulatory/administrative purposes and the absence of commercial activity. The prescribed format requires identity, PAN, recent returns, assessing officer, category, objects, activity details, founding instruments, revenue nature, income proposed for notification, basis for claim, prior registrations or rejections, audited accounts, and records of penalties or prosecutions.
Amendment in the notification No. 36/2001-Customs (N.T.), dated the 3rd August, 2001
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Tariff value fixation: notification substitutes tables fixing customs tariff values for specific oils, metals and seeds.
Amendment substitutes TABLE-1 and TABLE-2 of Notification No. 36/2001-Customs (N.T.), fixing tariff values for specified imported goods including vegetable oils, brass scrap, poppy seeds, and specified gold and silver imports; most values are retained as no change and the substituted tables become the operative tariff-value schedule for customs valuation and related import regulation.
To set up a sector specific Special Economic Zone for information technology and information technology enabled services at Gurgaon in the State of Haryana.
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Special Economic Zone de-notification reduces the Gurgaon IT/ITES SEZ area and updates official status under SEZ law.
The Central Government, acting under the Special Economic Zones Act, 2005 and rule 8 of the SEZ Rules, 2006, de-notifies identified land parcels totaling 0.4503 hectares from the Gurgaon IT/ITES SEZ proposed by M/s. Dr. Fresh Health Care Pvt. Ltd., and revises the SEZ's total notified area to 25.266 hectares, with parcel-level references and remaining areas recorded in the notification.
Customs House Agents Licensing Regulations, 2013
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Customs broker licensing: regulated entry, mandated examinations, bonds and security, with suspension and revocation procedures.
The Regulations require persons acting as customs brokers to hold a licence subject to eligibility criteria (citizenship, sound mind, solvency, clean criminal/penalty record), educational or experience qualifications for authorised personnel, financial viability proof, and Commissioner verification. Entry requires passing prescribed written and oral examinations administered by the DGICCE, followed by licence issuance on fee payment, execution of a bond and furnishing of specified security. Licences are ten-yearly and renewable; licensees must observe supervisory, recordkeeping and client-authorisation obligations, and are subject to suspension, revocation, forfeiture of security or penalties under defined procedural safeguards.
Set up a sector specific Special Economic Zone for Electronic Hardware and Software and related activities at Muppireddypally Village, Toopran Mandal, Medak District in the State of Andhra Pradesh
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Special Economic Zone notified for electronic hardware and software; approval committee constituted and ICD status declared.
Notification establishes a sector specific Special Economic Zone for electronic hardware, software and related activities at Muppireddypally Village, Medak District, comprising 10.223 hectares; Central Government, having granted a letter of approval under section 3(10) of the SEZ Act, notifies the area under section 4 and rule 8. An Approval Committee is constituted with specified ex officio members and the developer as special invitee, and the area is declared to be deemed an Inland Container Depot under the Customs Act.
Policy VAT 2013 -314-324 dated 20-06-2013
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Submission of online DP 1 information required from dealers under Delhi VAT, with staggered compliance deadlines for turnover classes.
Direction requiring submission of information online in Form DP 1 by dealers under the Delhi VAT Act, with staggered last dates for filing based on 2012-13 turnover bands (highest, medium, lower); the notification modifies an earlier direction, takes immediate effect, and includes administrative instructions for publication, publicity and departmental implementation.

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