KYC verification: intermediaries must download client details from KRA and upload updates, retaining physical documents.
Intermediaries must verify and download client KYC details from the KRA system when a client approaches another intermediary; upon receipt or knowledge of any change in a client's KYC details or status the intermediary must upload the updated information to the KRA system and retain the physical documents.

Amendment to National Savings Certificates allows electronic purchases and limits certificate transfers to a single authenticated transfer.
Amendments permit purchase of National Savings Certificates by electronic mode at post offices on a Core Banking Solution platform; provide that a holder entitled to encash an old certificate may apply in Form 1 for a replacement certificate, with the date of issue fixed as the date the duly discharged old certificate is presented; and revise transfer formalities to require striking the previous holder's name, inscribing the new holder's name under the authorised Postmaster's signature, designation and date stamp, while allowing only a single transfer between issue and discharge.

National Savings Certificates allow electronic purchase at CBS post offices and limit certificate transfer to a single occasion.
Purchases of National Savings Certificates may be made by electronic mode at post offices operating on a Core Banking Solution platform. Transfer entries must record the previous holder and show the new holder under the dated signature, designation and date stamp of the authorized Postmaster. Transfer is permitted only once between issue and discharge. Rule 23 is omitted. The amendments take effect on publication in the Official Gazette.

Post Office Monthly Income Account: monthly interest may be credited to depositor savings accounts at core banking post offices.
Amendment to the Post Office Monthly Income Account Rules, 1987 omits rule 6 and adds a proviso to rule 8(3) allowing monthly interest to be credited, where the account is at a post office on a Core Banking platform and if authorised, into the depositor's savings account at that post office or any bank branch; enacted under section 15 of the Government Savings Bank Act, 1873 and effective on Gazette publication.

Quality certification requirement relaxed: international standard certifying bodies now acceptable for imported steel, including ISO and ILAC accredited bodies.
Amendment to Para 2(iii) allows quality certification for imported steel to be issued either by a product certification body meeting international standards (ISO Guide 65/ISO 17065) accredited under a Mutual Recognition Arrangement, by an inspection body accredited to ISO 17020 under such an arrangement, or by a quality certification body in the country of origin recognized by international organizations, thereby replacing the earlier requirement of certification solely recognized in the country of origin.

Foreign investment in LLPs requires prior government approval, fair valuation, specified payment modes and RBI reporting within set timelines.
FDI into LLPs is permitted subject to prior Government/FIPB approval, eligibility limited to sectors allowing 100% automatic FDI without performance conditions, exclusion of investors from Pakistan/Bangladesh and certain SEBI-registered categories, pricing at or above a fair price certified by an approved valuer, payment by inward remittance or NRE/FCNR(B) accounts, mandatory RBI reporting through prescribed forms within 30/60 days with FIRCs, KYC and valuation certificates, restrictions on downstream investment and ECBs, and designated partners' compliance obligations.

Registered Foreign Portfolio Investor status expands portfolio market access while prescribing registration, account routing and investment permissions.
Amendments introduce and integrate the concept of Registered Foreign Portfolio Investor (RFPI), aligning FEMA rules with SEBI's FPI regime. RFPIs are recognised for registration and transitional treatment of existing FIIs/QFIs, authorised to purchase shares and convertible debentures under a new Schedule 2A, required to route transactions through designated Foreign Currency and Special Non Resident Rupee accounts, and permitted a specified class of investments and exchange traded derivatives subject to regulator prescribed limits, margins, collateral stipulations, and remittance procedures.

Industrial Park Deduction approval granted subject to occupancy, area allocation, reporting, and compliance conditions.
Notification approves M/s Rupa Infotech & Infrastructure Limited's "Platinum Techno Park IT Park" under section 80-IA subject to annexed conditions including minimum constructed floor area, specified allocable area splits for industrial and commercial use, minimum number of industrial units and occupancy thresholds for tax benefit eligibility, ownership and activity restrictions per the Industrial Park Scheme, maintenance of separate accounts, timely tax filings, annual reporting in Form IPS II, and grounds for withdrawal or invalidation for misinformation, duplicate approvals, unapproved amendments, or other non compliance.

Common Adjudicating Authority assigned show-cause notices to Commissioner of Customs (Import) for adjudication under the Customs Act.
The Board assigns specified show-cause notices issued by the Directorate of Revenue Intelligence to the Commissioner of Customs (Import), Air Cargo Complex, Mumbai for adjudication, under Notification No.15/2002-Customs (N.T.) issued under sub-section (1) of section 4 of the Customs Act, 1962, thereby consolidating adjudicatory responsibility and transferring jurisdiction to the designated Commissioner for the listed notices.

Adjudication assignment: Show Cause Notice transferred to Commissioner of Central Excise for adjudication under Customs Act.
Board assigns a Show Cause Notice issued by the Additional Director General, Directorate of Revenue Intelligence to the Commissioner of Central Excise (Adjudication) for adjudication under powers conferred by Notification No.01/2003-Customs (N.T.) read with Notification No.37/2003-Customs (N.T.) and sub section (1) of section 4 of the Customs Act, 1962, directing that the notice concerning M/s Nikhaar Associates be processed by the designated adjudicating authority.

Common Adjudicating Authority assignment transfers a show cause notice for adjudication to the Customs Commissioner.
The Board assigns the Show Cause Notice issued by the Directorate of Revenue Intelligence concerning M/s Redington (India) Limited to the Commissioner of Customs (Import), Air Cargo Complex, Mumbai for the purpose of adjudication, designating that Commissioner as the Common Adjudicating Authority to undertake adjudicatory proceedings under the delegated notification issued under the Customs Act.

Export policy of onions made free, replacing licensing through State Trading Enterprises and deleting related chapter note under the Foreign Trade Policy
The Export Policy column in Chapter 7 of the ITC(HS) classification has been amended to show "Free" for the tariff entries covering onions, replacing prior State Trading Enterprise licensing requirements and deleting the chapter export licensing note; this applies to onions of all varieties (including separate entries for Bangalore Rose and Krishnapuram) and to onions in cut, sliced or powdered form, thereby removing the former STE export restriction.

Anti-dumping duty on plain medium density fibre board extended, maintaining protection for imports from specified countries under statutory review.
Amendment inserts a temporal continuation clause into the earlier notification to extend the operation of the anti-dumping duty on plain medium density fibre board of thickness 6 mm and above originating in or exported from the People's Republic of China, Malaysia, Thailand and Sri Lanka. The extension is effected under the statutory review powers of the Customs Tariff Act and the implementing rules after initiation of a review and a request for continuation, preserving the existing duty regime by specifying that the notification remain in force up to and inclusive of the stated date.

Special Economic Zone area inclusion expands notified SEZ by additional land, increasing total area under SEZ designation.
An additional land parcel of 0.20 hectares is added to the Sector Specific Special Economic Zone for IT/ITES at Global Village, Pattenagere/Mylsandra, raising the SEZ area to 26.873 hectares. The inclusion is notified under the statutory powers vested by the second proviso to Section 4 of the Special Economic Zone Act, 2005 and in pursuance of rule 8 of the Special Economic Zones Rules, 2006, and identifies the added area by village and survey reference (Survey No. 14).

Renewal of recognition under the Securities Contracts (Regulation) Act granted to United Stock Exchange subject to compliance conditions.
Renewal of recognition is granted to United Stock Exchange of India Limited under Section 4 of the Securities Contracts (Regulation) Act, 1956 for a one year period commencing in March 2014 and ending in March 2015 in respect of contracts in securities, subject to the condition that the Exchange shall comply with such conditions as may be prescribed by the securities market regulator from time to time.

Anti-dumping duty on Meta Phenylene Diamine enforces producer-specific and residual import tariffs, payable in domestic currency.
Definitive anti-dumping duty imposed on Meta Phenylene Diamine (MPDA) imports from the People's Republic of China for five years, following findings of dumping, material injury, and causal linkage; tariff classifications and producer-/exporter-specific rates are specified in US dollars per kilogram with a residual rate for other combinations. The duty is payable in Indian currency, with conversion at exchange rates notified under section 14 of the Customs Act using the bill of entry date, and is effective from the provisional duty imposition date of 22 March 2013, subject to earlier amendment or revocation.

Anti-dumping duty on acetone imports from designated countries extended with specified country and producer rates and set duration.
The Central Government continued imposition of Anti-Dumping Duty on acetone imports from the European Union, South Africa, Singapore and the United States based on findings of likely dumped imports and likely deterioration of the domestic industry. The notification prescribes country-, producer- and exporter-specific duty rates per metric unit for acetone under the relevant tariff item, fixes effectiveness for a specified duration from publication, requires payment in Indian currency, and applies the exchange rate specified under the Customs Act as of the bill-of-entry date.

SEZ rescission results in de-notification following developer proposal and state no-objection, preserving prior acts done.
The Central Government rescinds the notification establishing the sector-specific SEZ for Multi Services at specified villages in Gurgaon, at the request of the allottee and with the State's no-objection and Development Commissioner recommendation, exercising powers under the first proviso to rule 8 of the SEZ Rules, 2006; the rescission does not affect acts done or omitted prior to it.

De-notification of Special Economic Zone: Central Government rescinds SEZ notification after developer proposal and state no objection.
De-notification of a sector specific Special Economic Zone at Sikohpur, Gurgaon, covering 27.07845 hectares is effected by the Central Government through rescission of the prior SEZ notification for that area. The rescission is taken under the proviso to the applicable SEZ rule following the developer's proposal, the State Government's No Objection, and the Development Commissioner's recommendation, and preserves actions taken before rescission.

Income Tax Appellate Tribunal pay and allowances updated: apex/HAG scales set; judicial appointments get salary parity and pension deductions.
The amendment omits specified rules and substitutes a pay-and-allowances rule prescribing an Apex Scale of Rs. 80,000 per month for the President and Senior Vice-President, and a Higher Administrative Grade plus scale (Rs. 75,500 with increments to Rs. 80,000) for Vice-President and Members; entitles these officers to allowances and benefits admissible to Central Government officers of the appropriate category; and sets special salary and deduction rules for Presidents who are serving or retired High Court judges, with allowance parity to a sitting High Court judge of Bombay.