Compound levy rate revision for pan masala establishes tiered RSP bands and component duty allocation under the excise framework.
The notification substitutes Table-1 to establish tiered retail sale price bands with specified monthly duty rates per packing machine and a linear formula for RSPs above the highest band, and substitutes Table-2 to specify component duty ratios allocating the compound levy across basic excise duty, additional excise, national calamity contingent duty, education cess and secondary and higher education cess for pan masala and pan masala containing tobacco.

Export eligibility for cotton yarn under Incremental Export Incentivisation Scheme restored, allowing scheme benefits for the year.
The amendment deletes cotton yarn from the ineligible category in Para 3.14.5(d) of the Foreign Trade Policy, making cotton yarn exports eligible for benefits under the Incremental Export Incentivisation Scheme for the relevant financial year, effective immediately and subject to the scheme's terms and compliance requirements.

Anti-dumping duty imposed on imports of DASDA from China; differentiated rates for specified producer and other exporters.
Definitive anti-dumping duty is imposed on 4,4 Diamino Stilbene 2,2 Disulphonic Acid (DASDA) originating in or exported from the People's Republic of China for five years; duties vary by producer/exporter combination with a specified rate for M/s Hebei Hua-Chem Dye Chemical Co. Ltd and higher rates for others, expressed per metric tonne in US Dollars but payable in Indian currency. The duty applies on a 100% quantity basis and the exchange rate for conversion is the Government-notified rate with the relevant date being the bill of entry presentation.

Anti-dumping duty on Hexamine imports imposed due to continued dumping and injury, with country-specific duties and five-year duration.
Imposition of definitive anti-dumping duty on Hexamine (tariff item 2921 29 10) originating in or exported from Saudi Arabia and Russia is continued and modified after a review found continued dumping and likely injury. The notification prescribes country-, producer- and exporter-specific duty rates per metric tonne in US dollars, requires payment in Indian currency using Government-specified exchange rates with the bill-of-entry date as the relevant date, and keeps the duty effective for five years from Gazette publication unless earlier changed.

Anti-dumping duty extension preserves existing measures on specified float glass imports under statutory tariff powers.
The Central Government, invoking powers under the Customs Tariff Act and relevant anti dumping rules following a review by the designated authority, amends the principal notification to insert a paragraph providing that the anti dumping notification for specified float glass imports shall remain in force up to and inclusive of the newly specified date, unless revoked earlier.

Land customs station entry amended: Golakganj designated with specified road routes to the border pillar.
Amendment substitutes the Land Customs Station entry for Golakganj, specifying that the Land Customs Station comprises the road from Sonahat to Golakganj and the Dimakuri-Bishkhowa road from Kanuri Part II to the border pillar number 1009, effected under clauses (b) and (c) of sub section (1) of section 7 of the Customs Act, 1962 as a further amendment to Notification No.63/94 Customs (N.T.).

Anti-dumping duty extension on Acrylonitrile Butadiene Rubber from Korea extended under Customs Tariff Act review mechanism.
The Central Government amends the original notification to continue the anti-dumping duty on Acrylonitrile Butadiene Rubber originating in, or exported from, Korea Republic by inserting a paragraph that keeps the duty in force until 1 January 2015, unless revoked earlier, following a review initiated under the Customs Tariff Act and applicable anti-dumping rules.

Exchange rate correction: Kenyan Shilling entries amended to corrected decimal format across customs notifications.
Series of corrigenda to earlier customs notifications replace the numeric entries for the Kenyan Shilling in SCHEDULE I, against serial number 7, column (3). Each corrigendum directs that the figures in sub-column (a) and sub-column (b) be read as corrected decimalised values in place of the originally published numbers, confined to the listed cell entries of the cited notifications.

Foreign Portfolio Investor recognition specified, treating SEBI registered FPIs as Foreign Institutional Investors under tax law.
The Central Government designates entities registered as Foreign Portfolio Investors under the applicable regulatory regime as Foreign Institutional Investors for purposes of the Income-tax Act, aligning regulatory registration with tax classification pursuant to the Explanation to the relevant provision of the Act and effected by a notification of the tax administration.

Approval under section 35(1)(ii) for research funding imposes audit, separate accounts and certified donation reporting for institutions.
Approval is granted to Amrita Vishwa Vidhyapetham University, Kochi, as an approved organization for payments for scientific research subject to conditions: utilization of sums for scientific research carried out by faculty or enrolled students; maintenance of separate books of accounts for research receipts and expenditures with audit by a qualified accountant and submission of the audit report by the income-tax return due date; and maintenance of a separate auditor-certified statement of donations received and amounts applied for scientific research.

Approval under section 35(1)(ii): institute recognised for research funding eligibility subject to accounting and audit conditions.
Institute of Liver & Biliary Sciences, New Delhi is approved under clause (ii) of sub-section (1) of section 35 read with Rules 5C and 5E for AY 2012-13 onwards as a research institution, subject to conditions: research funds must be used for scientific research; research carried out by faculty or enrolled students; separate books of account for research receipts and expenditure must be maintained and audited by a qualified accountant with the audit report filed by the income-tax return due date; and a separate auditor-certified statement of donations and amounts applied to research must accompany the audit report. Approval may be withdrawn for failures to comply or if research is not genuine.

Appointment of Value Added Tax Officers: statutory notification appoints officers to assist VAT administration from assumption of charge.
The Lt. Governor, exercising powers under the Delhi Value Added Tax Act read with the Delhi VAT Rules, appoints four named individuals as Value Added Tax Officer to assist the Commissioner of Value Added Tax; appointments take effect from the date of assumption of charge and are recorded with dates of physical joining in a departmental notification signed by the Deputy Secretary (Finance).

Customs tariff amendments revise headings and substitute numerous tariff items and duty entries, restructuring the schedule.
Amendment revises Notification No. 98/2013-Cus(NT) under statutory powers to expand a conditional note to include headings 6116 and 6216 and to substitute, insert and revise tariff items, unit descriptions and numerical duty-related entries throughout the Schedule across multiple chapters (including Chapters 3, 42, 48, 57, 60, 61, 62, 63, 73, 84, 87 and 95), thereby reclassifying certain goods and altering corresponding schedule cells.

Certification requirement: Series-IV IRD certification mandatory for currency-derivatives approved users and sales personnel; deadline extended.
Trading members registered in the currency derivatives segment and trading in interest rate derivatives must ensure all existing approved users and sales personnel obtain Series-IV: IRD certification within two years from this notification; persons employed after this date must obtain Series-IV: IRD certification within one year of employment.

Appreciation Certificate awards conferred to Customs and Enforcement officers under departmental awards scheme for distinguished service.
Appreciation Certificates are conferred to specified officers and staff of the Customs & Central Excise Department and the Directorate of Enforcement in recognition of a specially distinguished record of service, listed by rank and posting, and awarded pursuant to the departmental awards scheme governing grants to officers and staff of Customs, Central Excise, the Narcotics Control Bureau and the Directorate of Enforcement.

Customs exemption rates revised for listed tariff entries, substituting column rates to align specified items under the amended schedule.
Amendment substitutes the entries in column (4) of the Table in Notification No. 12/2012 Customs for serial numbers 56, 58, 59, 63, 66, 69 and 71 with 10%, under the authority of section 25(1) of the Customs Act, 1962, as a further modification of the principal notification.

CENVAT Credit amendment expands incorporated notification references, updating Rule 12 to include an earlier excise notification for application.
The amendment to the CENVAT Credit Rules, 2004 inserts an additional notification reference into Rule 12, expressly adding the 2010 notification citation to the existing citation sequence so that the 2010 notification is incorporated for administrative application under Rule 12.

Disclosure of information under PMLA expanded to include Competition Commission of India for regulatory coordination.
The Central Government, invoking powers under the Prevention of Money Laundering Act, issued an amendment inserting a new serial entry "(17) Competition Commission of India" into the earlier Gazette notification, thereby adding the Competition Commission of India to the enumerated list in that notification.

Duty exemption for advance authorization: imports permitted for manufacture of otherwise prohibited exports subject to strict compliance conditions.
The notification exempts materials imported under an Advance Authorization for manufacture and export of an otherwise prohibited item from additional duty, safeguard duty and anti dumping duty, subject to production of the authorization at clearance, conformity of imported materials to authorised descriptions, adherence to notified SION or fixed norms, execution of a bond securing duty with interest if conditions fail, routing through specified EDI-enabled ports/ICDs/LCS, discharge of the export obligation within ninety days by exporting the resultant product made in India, non-transferability and actual user restriction, and documentary and procedural requirements including re export for defective materials.

Establishment of a centralized income-tax risk-assessment directorate creates a dedicated unit under specified administrative control.
Creation of the Directorate of Income-Tax (Risk Assessment) establishes a centralized risk-assessment unit led by a Director General of Income Tax of the rank of Chief Commissioner; the Directorate will function as an attached office under the Director General's administrative control and its staffing will be met from the department's overall sanctioned strength.