Denotification of Appropriate Government Treasury alters who may receive VAT/CST payments, changing the authorized collection channel.
Denotification of Bank of India as the Appropriate Government Treasury for receipt of VAT and CST dues removes the bank's authority to accept deposits from registered or registrable dealers and changes the payment channel for such tax collections as of the specified effective date.

Import conditions for customized race vehicles: streamlined clearance with nodal agency certificate and bond for re export after event.
Policy Condition No. 10 creates a temporary import regime for customized cars and motorcycles for race events: prior two conditions and a Type Approval Certificate/COP are not required; a certificate from a Government nominated nodal agency detailing the vehicle is required for Customs clearance; imports are permitted only through specified Customs ports; vehicles must be used solely for the event, not registered or sold in India, not driven on public roads, and may be used only within enclosed premises; importer must execute a Customs bond with adequate security to re export within thirty days or any authorized extension.

CENVAT credit amendment expands credit to input services and imposes monthly payment obligation with recovery for defaults.
The amendment to rule 3 deletes the Explanation after the proviso to sub-rule (5B), extends sub-rule (5C) to include CENVAT credit on input services used in manufacture or production of goods, and inserts two explanations requiring payment of amounts under sub-rules (5), (5A), (5B) and (5C) by debiting CENVAT credit or otherwise by the fifth day of the following month (with a special March deadline), and providing for recovery under rule 14 where such payment is not made.

Foreign portfolio investment framework establishes registration and procedural regime under SEBI and Depositories Acts for investors.
SEBI issues a regulatory framework to establish the regime for registration and procedures for foreign investors proposing portfolio investment in India, made under powers of the Securities and Exchange Board of India Act and Section 25 of the Depositories Act, 1996.

Exchange of Tax Information secured by treaty between India and Belize now operative, enabling cross-border tax inquiries and record sharing.
An agreement between India and Belize provides that the competent authorities shall exchange information foreseeably relevant to the administration and enforcement of domestic tax laws, covering taxes of every kind imposed by central and local governments and extending to substantially similar future taxes. Requests must demonstrate foreseeable relevance and the requested Party shall use all relevant information gathering measures, including obtaining information from banks, financial institutions, nominees, trustees and regarding legal and beneficial ownership, subject to territorial limits and protections for trade secrets and privileged communications.

Avoidance of double taxation: treaty allocates taxing rights and establishes exchange, dispute and anti abuse mechanisms between the States.
The India-Albania tax treaty allocates taxing rights on income and capital between residents of the two States, defines resident status and permanent establishment, and prescribes taxing rules for immovable property, business profits, international transport, dividends, interest, royalties, capital gains and personal services. It provides methods for elimination of double taxation by credit/deduction, non discrimination protections, a mutual agreement procedure for disputes, comprehensive exchange of information with confidentiality safeguards, assistance in tax collection, and a Limitation of Benefits anti abuse rule.

Duty credit scrip usage restricted: certain incentive scrips cannot pay customs duty for export obligation shortfalls under advance authorisations.
Amendment provides that Duty Credit Scrip may be debited for payment of customs duties for EO defaults on authorizations under Chapters 4 and 5, but penalty and interest must be paid in cash. Scrips issued under SHIS, SFIS and AIIS are explicitly excluded from use for payment of customs duties in EO defaults for Chapter 4 authorizations. Duty credit scrips may still be used for composition fees, application fees under FTP and for value shortfalls under para 4.28(b) of HBP v1 2009-14.

Designation of State Secretaries for implementation of National Food Security Act clarifies administrative responsibility for state governments.
The Central Government, invoking an enabling provision of the Income-tax Act, specifies that an officer of the rank of Secretary in each State and Union Territory is designated to be responsible for implementation of the National Food Security Act, 2013 on behalf of the respective State or Union Territory government, as a public interest administrative allocation effected by notification.

Online registration: hard copy submission waived for export registration certificates, maintaining existing policy conditions for specified commodities.
The requirement to submit hard copies of documents (printout of online application, L/C or FIRC or proof of advance payment, and export contract) after online application for Registration Certificates is dispensed with with immediate effect; this change does not alter existing policy conditions for export of cotton, cotton yarn, non basmati rice, wheat and sugar.

Anti-dumping duty extension maintains measures on compact fluorescent lamps from specified origins through the extended statutory period.
The Central Government amended Notification No. 55/2009-Customs to provide that the anti-dumping duty on compact fluorescent lamps listed at serial numbers 1 to 28 shall remain in force up to and inclusive of the specified extended date, following a review initiated under section 9A and rule 23 and a recommendation to continue the duty.

Amendment to anti-dumping notification: substitute producer/exporter name with JSC Grodno Azot in affected table columns.
The Central Government, invoking powers under section 9A of the Customs Tariff Act and the Anti dumping Rules, substitutes the entry JSC Grodno Azot for the existing entries in the Table of Notification No. 121/2009 Customs: for serial number 1 in column (7), and for serial number 2 in column (7) and column (8), effecting a name change of the producer/exporter specified in that notification.

Exchange rate determination fixes import and export conversion rates for multiple foreign currencies effective early January.
Determination fixes exchange rates for specified foreign currencies for customs conversion effective 3rd January, 2014, superseding the prior notification. Distinct rates are prescribed for imported goods and for export goods in two annexed schedules (per unit and per 100 units) and the figures in the schedules are the operative conversion rates to be applied for customs valuation, with exceptions for actions completed before the supersession.

Export permission for stone aggregate to Maldives reinstated and allowed immediately, subject to prior conditions and quantity ceilings.
The Government withdraws Notification No.34 and permits export of Stone Aggregate to the Republic of Maldives with immediate effect under powers conferred by the Foreign Trade Act and the Foreign Trade Policy. Exports are allowed subject to the conditions and quantity ceiling specified in Notification No.54 dated 07.06.2011.