Deductibility under section 36(1)(xii): NABARD's expenditures qualify for deduction subject to specified non capitality and accounting conditions.
Notification designates NABARD as eligible for deduction under section 36(1)(xii) of the Income tax Act, subject to conditions: expenditure must be for objects authorised by the NABARD Act (per its section 38), must not be capital expenditure, must not be deductible under any other provision, and a separate account must be maintained for such expenditure.

Pre-certification requirement for corporate e-forms requires professional certification and mandates a centralized electronic registry.
A new sub-rule mandates pre-certification of specified e-forms filed by companies (excluding one person companies and small companies) by a Chartered Accountant, Company Secretary or Cost Accountant in whole-time practice, with particular forms requiring certification by auditors, company secretaries or chartered accountants as specified; E-form DIR-3 requires attestation of photograph, identity and residence by such professionals. The Central Government shall establish and maintain a secure centralized electronic registry for filing and electronic storage of applications, financial statements, prospectuses, returns, registers, memoranda, articles, particulars of charges and other documents under the Act.

Export realisation period shortened, altering timelines for foreign exchange repatriation under FEMA export regulations amendment.
The Amendment substitutes the words "nine months" for "twelve months" in the principal regulations, specifically in Regulation 9(1) including its third proviso, and in Regulation 10, thereby reducing the period for realisation and repatriation of export proceeds. It is titled the Foreign Exchange Management (Export of Goods & Services) (Amendment) Regulations, 2014 and is deemed effective from April 1, 2013, with a clarification that no person will be adversely affected by the retrospective effect.

Common Adjudicating Authority appointment centralises adjudication of a specified Customs show cause notice against a named firm.
The Central Board of Excise and Customs appoints the Additional Commissioner of Customs, Inland Container Depot, Tughlakabad, New Delhi as the Common Adjudicating Authority empowered to exercise the powers and discharge the duties of specified Customs Commissioners and Assistant/Deputy Commissioners for adjudicating the show cause notice issued to M/s Hansraj Bhatia & Co., consolidating adjudicatory jurisdiction in that officer for the identified proceeding.

Common Adjudicating Authority appointment consolidates customs adjudication for a specified show cause notice under the Customs Act.
Appointment of a Common Adjudicating Authority names the Additional Commissioner of Customs, Hyderabad-II, to exercise the adjudicatory powers and duties of two specified Additional Commissioners of Customs under sections 4(1) and 5(1) of the Customs Act for the limited purpose of adjudicating a show cause notice issued against M/s Jasmine Biotechnologies, thereby consolidating jurisdiction and designating the proper officer for that proceeding.

Appointment of Common Adjudicating Authority centralises adjudication of specified customs show cause notices under the Customs Act.
The Central Board appoints the Additional Commissioner of Customs (Export), Jawaharlal Nehru Custom House, Nhava Sheva, as Common Adjudicating Authority to exercise the powers and duties of several Additional Commissioners of Customs at specified ports and an inland container depot for adjudicating show cause notices issued by the Directorate of Revenue Intelligence, Mumbai Zonal Unit, in relation to designated importers/exporters.

Appointment to Competition Commission: Member named for a fixed statutory term subject to age limit and further orders.
Appointment under the Competition Act designates Shri Augustine Peter as a Member of the Competition Commission of India, effective from assumption of charge for a fixed statutory term of five years, subject to an upper age ceiling and earlier termination by further governmental order.

Appointment of Member: Sudhir Mital joins Competition Commission for a fixed term subject to age and government orders.
The Central Government appoints Shri Sudhir Mital as Member of the Competition Commission of India from the date of assumption of charge for a term of five years, subject to an upper age limit of sixty-five years and until further orders, under powers conferred by the Competition Act, as notified by the Ministry of Corporate Affairs.

Special Economic Zone designation for Hardware & Software IT/ITES establishes notified area and Approval Committee; inland depot status assigned.
Notification designates Plot No. IT-3 and IT-4, Airoli Knowledge Park, Navi Mumbai, as a Special Economic Zone for Electronic Hardware & Software including IT/ITES after grant of approval under the Special Economic Zones Act, specifying surveyed land parcels and total area. The Central Government constituting an Approval Committee with ex officio members (including the Development Commissioner as Chairperson, commerce, customs, income tax and banking representatives, two state nominees) and a developer representative as special invitee; the SEZ is deemed an Inland Container Depot for customs purposes from the notified effective date.

Rate of exchange for customs valuation updated, specifying distinct import and export currency conversion rates effective mid April.
Determines the rate of exchange for specified foreign currencies for customs purposes, effective from 18th April, 2014, superseding the earlier notification of 3rd April, 2014. Annexed Schedule I lists per unit import and export conversion rates for major currencies and Schedule II lists conversion rates per 100 units for currencies quoted on that basis, to be applied for customs valuation and related customs calculations under the statutory authority.

Fixation of tariff values: notification substitutes prescribed import tariff values for specified commodities, altering import valuation benchmarks.
Amendment under section 14(2) of the Customs Act substitutes TABLE-1, TABLE-2 and TABLE-3 of Notification No. 36/2001-Customs (N.T.) by providing revised tariff values (in US dollars per metric tonne or per specified unit) for specified imported goods, including palm oil and palmolein variants, crude soyabean oil, brass scrap, poppy seeds, areca nuts, and revised values for gold and silver where specified notification benefits are availed, to serve as the operative valuation benchmarks for customs purposes.

Rescission of Special Economic Zone notification ends SEZ status for the Varshamedi textile and garment zone, subject to prior acts.
Rescission of the sector-specific Special Economic Zone at Varshamedi (109.59.07 hectares) withdraws the SEZ status for the Textile and Garment project while preserving the legal effect of actions done or omitted before rescission; the developer sought de-notification, the Central Government approved de-notification, the State Government gave no objection, and the Development Commissioner recommended de-notification under the proviso to the SEZ rules.

Provisional anti-dumping duty on cast aluminium alloy wheels to counter dumped imports and protect domestic industry.
Provisional anti-dumping duty is imposed on imports of cast aluminium alloy wheels (12-24 inch diameter) from the People's Republic of China, Korea RP and Thailand after preliminary findings of dumping and material injury; the notification prescribes producer- and exporter-specific rates for identified entities, limits the levy to six months from publication unless earlier revoked or amended, and requires payment in Indian currency using the Customs Act exchange rate applicable on the bill of entry date.

Custodianship continuation clause clarified: custodianship runs to the stated terminal date or until further orders, and outsourcing limited.
Amendment replaces prior fixed-term custodial wording with a continuation clause limiting custodianship to the previously stated terminal date or until further orders, whichever is earlier, and confines outsourcing by the custodian via a Strategic Alliance Partnership company to specified yard handling functions; all other notification provisions remain unchanged and the amendment takes immediate effect.

Common Adjudicating Authority: consolidation of show cause notices for adjudication by the designated customs commissioner.
Administrative order assigns specified show cause notices issued by various customs authorities to the Commissioner of Customs (Preventive), Mumbai as the Common Adjudicating Authority, consolidating adjudicatory responsibility and directing that those notices be adjudicated by the designated commissioner under the customs adjudication framework.

Customs notification amendment adds Aurangabad as authorised location for unloading imports and loading exports under Customs Act.
The Central Board of Excise and Customs inserts an entry for Aurangabad in Notification No.61/94-Customs (N.T.), authorising the unloading of imported goods and the loading of export goods (or any class of such goods) at that location, effected under clause (a) of sub-section (1) of section 7 of the Customs Act, 1962.

Appointment of Common Adjudicating Authority to adjudicate specified show cause notices concerning M/s Crystal Enterprises and related matters.
Appointment of a Common Adjudicating Authority under sections 4(1) and 5(1) of the Customs Act, 1962 designates the Additional Commissioner of Customs (Preventive), Jodhpur, Headquarters at Jaipur, to exercise powers and discharge duties of both the Preventive and Export Additional Commissioners for adjudication of specified show cause notices issued to M/s Crystal Enterprises and others, superseding the earlier 2010 notification insofar as relevant to these proceedings.

Common Adjudicating Authority appointed to adjudicate a show cause notice under Customs Act against M/s Suncity Electronics.
The Central Board of Excise and Customs appoints the Additional Commissioner of Customs, Inland Container Depot, Tughlakabad, New Delhi as a Common Adjudicating Authority to exercise the powers and discharge the duties of the specified customs officers and to adjudicate the show cause notice issued to M/s Suncity Electronics, consolidating adjudicatory responsibility in the named proper officer.

Common adjudicating authority appointed to consolidate and adjudicate customs show-cause proceedings arising from DRI notices.
Appointment under section 4(1) and section 5(1) of the Customs Act, 1962 appoints the Additional Commissioner of Customs (Exports), Jawaharlal Nehru Customs House, Nhava Sheva as the Common Adjudicating Authority to exercise the powers and discharge the duties of the Additional Commissioner (Exports), JNCH and the Additional Commissioner, Inland Container Depot, Tughlakabad, for the purpose of adjudicating show-cause proceedings arising from notices issued by the Additional Director, Directorate of Revenue Intelligence, Mumbai Zonal Unit concerning M/s Star Impex and others.

Foreign investment cap in insurance allowed under automatic route, subject to IRDA licence and sectoral regulatory conditions.
Foreign investment in the insurance sector is permitted under the automatic route subject to obtaining the requisite IRDA licence; bank-promoted insurers are subject to applicable private banking conditions; an Indian insurance company is defined by corporate form, limits on aggregate foreign equity holdings and the sole objects of life, general or re-insurance business. The amendment also lists permitted sector participants-insurance companies, brokers, third party administrators, and surveyors and loss assessors-and subjects them to the respective IRDA licensing and regulatory regimes.