Arm's length price tolerances allow actual transaction price within notified limits to be treated as ALP for assessment purposes.
Under the second proviso to sub-section (2) of section 92C, Notification No. 30/2013 prescribes tolerable variation thresholds so that where the variation between the arm's length price determined under section 92C and the actual price of an international transaction or specified domestic transaction falls within those margins for specified taxpayer categories, the actual transaction price shall be deemed to be the arm's length price for assessment year 2013-2014.

Approval under section 10(23C)(vi) confirms tax-exempt recognition for an educational society, subject to ongoing compliance.
Approval is granted to Rajrishi Mahavidhyalaya Alwar Vikash Samiti, Alwar as qualifying under section 10(23C)(vi) of the Income-tax Act for assessment year 2012-13 and onwards, subject to continued conformity with the substantive requirements of that provision and procedural compliance under rule 2CA of the Income-tax Rules, 1962, as recorded by the Chief Commissioner of Income-tax, Jaipur.

Anti-dumping duty imposed on plain gypsum plaster board; definitive duties apply to imports from specified foreign producers and exporters.
Imposition of a anti-dumping duty on Plain Gypsum Plaster Board (heading 6809) originating in or exported from China PR, Indonesia, Thailand and United Arab Emirates, following findings of dumping, above de-minimis dumping margins and material injury to the domestic industry. Definitive duties are specified in US dollars per cubic metre for defined country-of-origin/export and producer/exporter combinations; certain moisture-, impact- and fire-resistant gypsum boards are excluded. Duty is leviable on landed value, payable in Indian currency, and the measure is effective for the prescribed multi-year period.

Exchange of information expands mutual tax information sharing and compels use of information gathering measures including financial data.
The Second Protocol substitutes Article 28 to require that competent authorities exchange foreseeably relevant information for administering and enforcing taxes, with strict confidentiality: information is secret and may only be used by authorised persons for assessment, collection, enforcement, prosecution, appeals or oversight, and may appear in public court proceedings. Contracting States need not contravene domestic laws, supply unobtainable information, or disclose trade secrets or information contrary to public policy; however, requested States must use their information gathering measures to obtain information even without domestic interest, and may not refuse requests solely because information is held by banks, financial institutions, nominees or fiduciaries or concerns ownership interests.

Appeal Form Requirement: appeals under section 129A/129D must use Form C.A.-5 and be filed quadruplicate.
The amendment to the Customs (Appeal) Rules substitutes rule 7 and prescribes that appeals or applications under the appellate provisions must be made in Form C.A.-5, filed in quadruplicate and accompanied by an equal number of copies of the decision or order appealed against, one being a certified copy. It also substitutes Forms C.A.-3, C.A.-4 and C.A.-5 with detailed specimen forms specifying required particulars, documentary attachments, fee payment by crossed bank draft, and procedural filing requirements, and provides commencement and rule-making authority.

Exchange rate notification revises Japanese yen import and export conversion rates under Customs Act, effective from April.
Substitutes Schedule-II entry for Japanese yen to prescribe revised conversion rates for 100 units of the currency with distinct values for imports and exports, and declares the date from which those rates are effective; issued by the Central Board of Excise & Customs with accompanying administrative reference and a corrigendum correcting the rate-heading wording.

Form of Appeal: mandatory EA forms require quadruplicate filing with certified copy and standardised appeal particulars.
The amendment substitutes rule 7 to require appeals under section 35B(2) and applications under section 35E(4) to be made in Form No. E.A.-5, filed in quadruplicate with equal copies of the impugned order (one certified copy). It replaces Forms E.A.-3, E.A.-4 and E.A.-5 with revised templates that standardise required particulars (assessee/PAN/UID, location codes, order details, dispute particulars, amounts claimed or deposited, priority subject-matter, signatures and verification) and restates filing, fee and bank draft payment formalities.

Amendment to Service Tax Rules substitutes Forms ST-5, ST-6 and ST-7, updating appeal filing requirements.
The Service Tax (Second Amendment) Rules, 2013 substitute the existing Forms S.T.-5, S.T.-6 and S.T.-7 appended to the Service Tax Rules with new Forms ST-5, ST-6 and ST-7, and set a commencement date for the substituted forms.

Anti-dumping duty extension on Sulphur Black pending review, maintaining the protective levy for imports from the specified origin.
The Central Government amended the original notification to insert a temporal continuation clause keeping the anti-dumping duty on Sulphur Black originating in or exported from the specified foreign origin in force for an additional period pending completion of the statutory review, thereby maintaining the levy until the review concludes or the amendment is revoked earlier.

Anti-dumping duty extension on Sodium Nitrite maintained pending review under Section 9A, effective until April 10, 2014.
The Central Government, exercising powers under sub-sections (1) and (5) of Section 9A of the Customs Tariff Act read with rule 23 of the Anti-dumping Rules, amends the original notification imposing anti-dumping duty on imports of Sodium Nitrite from the European Union by inserting a clause that the notification shall remain in force up to and inclusive of the specified extended date unless revoked earlier, thereby continuing the duty pending completion of the review.

Special Economic Zone designation for IT/ITeS at Chengamanad creates Inland Container Depot status and establishes an Approval Committee.
The Central Government notifies a sector-specific Special Economic Zone for IT and ITeS at Chengamanad proposed by M/s. Parsvnath Infra Limited, covering multiple survey parcels totaling 17.08 hectares, for development, operation and maintenance. An Approval Committee is constituted with the Development Commissioner as Chairperson and specified ex officio members and a developer representative as special invitee. The zone is deemed to be an Inland Container Depot under the Customs framework from the appointed date.

Renewal of recognition under SCRA requires the exchange to satisfy SEBI regulatory conditions before commencing trading.
Renewal of recognition under the Securities Contracts (Regulation) Act was granted to Ludhiana Stock Exchange Ltd. for a fixed one year period, subject to conditions that the exchange may commence trading only after full compliance with all regulatory requirements imposed by the Securities and Exchange Board of India and that it shall comply with any other conditions SEBI may prescribe from time to time.

Registration requirements: debt segment trading and clearing members must meet net worth, fee and conduct obligations.
The amendment inserts Chapter III C to regulate registration of trading members, proprietary trading members, clearing members and self clearing members in the debt segment. Applications must be made in Form AC through the relevant debt segment or clearing corporation, which shall forward recommendations to the Board. The Board may require additional information and personal representation and will assess eligibility, disciplinary history, infrastructure and liabilities. Registrations granted in Form DC are subject to net worth and deposit requirements, fee obligations under Schedule IVB, code of conduct compliance, KYC and risk disclosure, and applicability of Chapters IV-VI mutatis mutandis.

Exemption for limited incremental share acquisitions clarifies when minority stake increases fall outside combination filings.
The Regulations amend Schedule I to exempt specific transactions from combination review: limited incremental share acquisitions by an acquirer or its group that do not result in sole or joint control; routine acquisitions of current assets in the ordinary course of business; intra group transfers of shares or assets except where the acquired enterprise is jointly controlled by non group parties; and mergers or amalgamations within group structures or between enterprises with majority ownership links, provided no transfer from joint to sole control occurs.

Exchange rate determination: notified conversion rates for specified foreign currencies into Indian rupees for import and export valuation.
Statutory notification under section 14 of the Customs Act, 1962 prescribes conversion rates of specified foreign currencies into Indian rupees for customs valuation of imported and exported goods effective 5 April 2013, superseding the earlier notification and listing separate import and export rates in Schedule I and a per 100 units entry for Japanese Yen in Schedule II, with subsequent substitution and corrigendum corrections noted.

VAT exemption for embassy and diplomats' purchases enables refund relief under reciprocity and administrative order.
Amendment inserts the Republic of Congo into the Sixth Schedule of the Delhi Value Added Tax Act to allow exemption/refund of VAT for official purchases of its Embassy in New Delhi and personal purchases of its diplomats, implemented by an administrative notification by the Commissioner on the basis of reciprocity from the national Ministry of External Affairs, with a later notification replacing the original sub-entry numbering.

Assignment of adjudication under Customs Act: show cause notice transferred to Commissioner of Customs (Imports) for adjudication.
The Board, invoking the Notification establishing a Common Adjudicating Authority, assigns a specified Show Cause Notice issued by a central investigative unit to the Commissioner of Customs (Imports), New Custom House, Mumbai for adjudication, and directs administrative circulation to multiple customs formations and officers to ensure receipt and follow-up.

Common adjudicating authority assignment transfers adjudication responsibility to the designated Commissioner of Customs for a show cause notice.
The Board, relying on the delegated notification under the Customs Act, assigns a Show Cause Notice issued by a revenue intelligence unit to a designated Commissioner of Customs as the Common Adjudicating Authority for adjudication, and circulates the assignment to relevant enforcement and customs offices for procedural coordination.

Common Adjudicating Authority assignment transfers a DRI show cause notice to Customs Commissioner for adjudication of import proceedings.
Pursuant to Notification No.15/2002-Customs (N.T.) under sub section (1) of section 4 of the Customs Act, 1962, the Board assigns a Show Cause Notice issued by the Directorate of Revenue Intelligence to the Commissioner of Customs, Air Cargo (Import & General), New Custom House, I.G.I. Airport, New Delhi for the purpose of adjudication, and circulates copies to relevant customs commissioners and the issuing DRI unit for record.

Port designation Kattupalli added to authorised export and import ports, amending existing customs notifications lists.
Amendment to a series of customs notifications substituting specified port enumerations to include Kattupalli (Tamil Nadu) among ports authorised for exports and imports, by replacing existing references (such as "Ennore and Karaikal" or "Kandla, Kolkata") with wording that adds "Kattupalli (Tamil Nadu)" in the enumerated lists across the cited notifications.