Duty-free sale of indigenous goods at arrival airport shops allowed, subject to baggage allowance and customs compliance.
Exempts excise duty on indigenous goods moved from Indian factories to arrival-hall duty free shops for sale to arriving passengers or crew, conditional on compliance with CBEC movement procedures and subject to the maximum permissible baggage allowance under the Baggage Rules, 1998; excess value or quantities attract duty and other consequences under the Baggage Rules, the Customs Act and related rules.

Rescission of duty-free sale permission withdraws prior authorization for airport duty free shops to sell domestically manufactured goods to international passengers.
The Central Government, under powers of the Central Excise Act, rescinds Notification No.145/1989-Central Excise which had authorized duty-free sale of goods manufactured in India to international passengers and crew at duty free shops in airport arrival/departure halls; the rescission is prospective and preserves acts or omissions done before the rescission.

Duty free shop registration aligned with excise rules, allowing Customs licensed DFS outlets to serve international passengers and crew.
Deems that a godown or retail outlet of a Duty Free Shop appointed or licensed under the Customs Act shall be deemed to be registered as a warehouse under rule 9 of the Central Excise Rules, 2002, thereby providing the legal basis for duty free sale of goods manufactured in India to international passengers and crew at Duty Free Shops located in arrival and departure halls.

Duty free sale of domestically manufactured goods to international passengers enabled at airport DFSs, with Customs jurisdiction clarified.
Permits duty free sale of goods manufactured in India to international passengers and crew at DFS outlets in arrival and departure halls of international airports and inserts a list of Customs officers (from Commissioner to Inspector/Examiner/Preventive Officer) under whose jurisdiction the godowns and retail outlets of such DFSs are located, thereby clarifying administrative and enforcement responsibility under the amended notification.

Duty free sale of domestically manufactured excisable goods extended to international airport duty free shops, subject to CBEC conditions.
Authorises removal of excisable goods from the factory to a godown or retail outlet of a Duty Free Shop appointed or licensed as a warehouse under the Customs Act, for sale against foreign exchange to passengers departing India or to passengers and crew arriving from abroad, subject to limitations, conditions and safeguards specified by the Central Board of Excise and Customs under rule 20 of the Central Excise Rules, 2002.

Recognition renewal under Securities Contracts Regulation permits exchange to operate subject to regulatory compliance and additional conditions.
Renewal of recognition is granted to Bhubaneswar Stock Exchange Limited under the Securities Contracts (Regulation) Act, 1956 for a one year period commencing in June 2013, authorising operations in contracts in securities subject to compliance with all regulatory requirements and any further conditions prescribed by the regulator.

Tariff value fixation updates substitute tariff tables, setting revised commodity valuation for customs assessment and import duty calculation.
Amendment replaces TABLE-1 to fix tariff values per metric tonne for listed commodities including edible oils, brass scrap and poppy seeds, and replaces TABLE-2 to prescribe unit tariff values for gold and silver where specified notification benefits are availed, for customs valuation and assessment purposes under the statutory authority of the Customs Act.

Customs exemption expanded to cover specified oil cakes and de oiled soya extract, operative from the notified effective date.
Inserts a new tariff table entry (serial 104B) exempting specified oilseed products-de oiled soya extract and listed oil cake/oil cake meals-from customs duty (Nil), and adds a proviso clause making that exemption applicable to the goods at serial 104B on or after the notified effective date.

Basic Saving Account introduced to secure government benefit transfers, defining eligibility, deposits, balance and operation rules.
The amendment creates a Basic Saving Account to receive government benefits, specifying eligibility (registered adult beneficiaries and guardians of registered minors), nil opening deposit, a single account per beneficiary, permitted credits including government benefits and other authorised deposits, no minimum balance requirement, and operation by the registered beneficiary or guardian; prior accounts under the earlier rules are deemed Basic Saving Accounts.

Depository compliance obligations: periodic registration fees, consolidated account statement sharing, and strengthened issuer liability and inspection powers.
Participants must pay a periodic registration renewal fee at prescribed intervals, with payment made prior to expiry of the paid block. Depositories must enter into information sharing agreements to produce consolidated account statements for beneficial owners. Issuers and their agents face regulatory action for contraventions, failure to furnish or for furnishing false information, non cooperation with inspections, or failure to comply with Board directions; depositories must inspect issuer records to reconcile dematerialised securities with issued securities and report failures to the Board.

Mandatory pre-entry Form T-2 submission required for incoming stock transfers; goods cannot be sold until vehicle details are updated.
Dealers must submit invoice and goods receipt details online using Form T-2 before goods enter Delhi; if vehicle number is unavailable, file Form T-2 and update the vehicle number within 24 hours, and do not dispose of goods until the update is completed. Transporters must carry a hard copy of Form T-2; DVAT-32 may be used for certain NCR consignments, and engine number may substitute for vehicle number for new unregistered vehicles. Liability to file arises on meeting the turnover threshold and continues thereafter.

News agency status under Section 10(22B) confirmed, subject to income used solely for news collection and distribution.
The Central Government designates The Press Trust of India Limited as a news agency for assessment years 2014-15 and 2015-16, subject to the condition that its income is applied or accumulated solely for collection and distribution of news and is not distributed to its members.

Tax deduction approval under central provision: specified charitable projects permitted deduction for a limited three year approval period.
Central Government notification under Section 35AC approves nine institutions recommended by the National Committee for Promotion of Social and Economic Welfare, specifies the approved projects or schemes and their estimated costs, and fixes the maximum amounts of those costs which may be allowed as a deduction under the provision. The specified maximum deductible amounts are allocated over a three year approval period commencing with the financial year 2013 14 for the projects listed at serial numbers 1 to 9.

Exchange Rate Determination sets prescribed foreign currency conversion rates for import and export valuation, effective mid-May.
Determines specific foreign exchange conversion rates for customs valuation under section 14 of the Customs Act, 1962, superseding the prior notification and prescribing Schedule I (per unit) and Schedule II (per 100 units) rates for various currencies with distinct import and export values, effective from the stated date; includes substituted entries and corrigenda correcting certain currency rates.

Customs exemption amendments add service tax cross references and align debit recognition with central excise rules.
Amendments substitute textual references in specified Customs exemption notifications to add Service Tax notifications alongside Central Excise references, replace condition (2) of notification 104/2009 to bar issuance of the scrip where certain prior provisos or sub paragraphs are contravened, and amend notification 23/2013 to treat debits under a stated Central Excise exemption as debits "made under this exemption," thereby aligning cross instrument debit and eligibility rules.

Transferability of imported petroleum exploration goods allowed subject to DGH certification, transferee undertaking and remittance safeguards.
Amendment permits transfer of goods imported under the exemption notification for petroleum exploration and related operations where the importer, at the time of transfer, produces (i) a Directorate General of Hydrocarbons certificate approving transfer to the named transferee and confirming the goods are required for the transferee's petroleum operations; (ii) an undertaking from the transferee to comply with all notification conditions and be liable for duty, fine or penalty for non-compliance; and (iii) where foreign company participation exists, a certificate that no foreign exchange remittance is made for the transfer, except when the transferee is an Indian company.

Amendment to Central Excise rules adjusts transferability, actual user conditions and cross-references affecting exemption scrip compliance.
Amendments modify Central Excise notifications by substituting cross-references and provisos to permit transfer of certificates and goods within group service providers or managed hotels subject to an actual user condition, incorporate the Foreign Trade Policy 2009-14 into the Explanation, expand condition language to include debits under specified Service Tax notifications, and replace a proviso to require that issuance of duty-credit scrips not violate enumerated Customs notification conditions.

Anti-dumping duty on peroxosulphates from China and Japan continued to guard against dumped imports harming industry.
Imposition of anti-dumping duty on Peroxosulphates (tariff item 28334000) originating in or exported from China PR and Japan was continued after a Sunset Review which found likely continuation of dumping and injury to the domestic industry; definitive duties and per-unit rates were specified in a Table, made effective for five years from publication, payable in Indian currency with the exchange rate for conversion determined by separate Customs Act notifications; the measure was later rescinded by a subsequent notification.

Tax exemption approval under section 10(23C)(vi) recognizes an educational society's status, subject to statutory compliance requirements.
Approval is granted to Mehta Educational Society, Jaipur as an exempt educational entity under section 10(23C)(vi) of the Income-tax Act, recognizing its entitlement to tax-exempt status, subject to continued conformity with the statutory criteria of the cited clause and the corresponding rule; the approval is effective from the assessment year specified by the notification.

Tariff value fixation for selected edible oils, metal scrap and precious metals amended under Customs Act powers.
Substitutes TABLE-1 and TABLE-2 of Notification No. 36/2001-Customs (N.T.) to fix tariff values for specified goods under section 14(2) of the Customs Act, 1962, listing revised tariff values per metric tonne for various edible oils, brass scrap and poppy seeds, and prescribing unit tariff values for gold and silver in specified forms where notification benefits are availed, thereby amending the principal customs notification.