Recognition of association under Income tax law grants tax treatment contingent on regulatory approval and compliance conditions.
Notification recognises a commodity derivatives exchange as a recognised association for the relevant Income tax provision, effective from Gazette publication, contingent on its regulatory approval. The Central Government may withdraw recognition upon violation of conditions in the applicable rule, and the notification remains in force only while the exchange's regulatory approval subsists or until rescission under the rule.

Appointment of Director General (Safeguard) designates R.K. Singla to administer safeguard duty under Customs Tariff Rules.
Designation under sub rule (1) of Rule 3 of the Customs Tariff (Identification and Assessment of Safeguard Duty) Rules, 1997 appoints Sh. R.K. Singla as Director General (Safeguard), superseding Notification No.78/2013 Customs (N.T.), by Central Government notification for purposes of those Rules.

Appointment of Director General (Specific Safeguard) designates R.K. Singla under Customs Tariff transitional safeguard rules.
Designates Sh. R.K. Singla as Director General (Specific Safeguard) under the Customs Tariff (Transitional Product Specific Safeguard Duty) Rules, 2002 by virtue of sub rule (1) of Rule 3, and supersedes the earlier notification No. 77/2013 Customs (N.T.), effecting the formal administrative appointment for purposes of implementing product specific transitional safeguard measures.

Additional duty exemption for jute imports from Bangladesh: past non-levy under prevailing practice need not be recovered.
Direction clarifies that additional customs duty on specified jute products imported from Bangladesh, which was not levied during a prior period under an established administrative practice, shall not be required to be paid for those goods; the instruction applies only to the additional duty on the enumerated jute headings and does not disturb other duties or import conditions.

Exemption time limit extended under central excise notification to allow a longer availing period for eligible parties.
Amendment substitutes "ninety days" for "thirty days" in sub paragraph (iii) of Notification No.22/2013-Central Excise, thereby extending the allowable period to avail the exemption under that notification to a longer specified term as set out in Notification No.29/2013-Central Excise published in the Gazette of India.

Epayment threshold lowered, expanding mandatory electronic payments for more service taxpayers effective January 2014 under amended Service Tax Rules.
The amendment substitutes the proviso to rule 6(2) of the Service Tax Rules, 1994 to lower the epayment threshold, expanding the class of taxpayers required to remit service tax electronically; the change is made under the Finance Act and comes into force on the first day of January following notification.

Mandatory e-payment threshold for Central Excise duty reduced, expanding the class required to remit duty electronically.
The Central Excise Rules, 2002 are amended to reduce the threshold in the proviso to the rule on payment methods, thereby requiring a larger class of assessees to remit Central Excise duty by electronic payment; the amendment is enacted under the Central Excise Act, 1944 and takes effect from the notified commencement date.

Valuation of consumed excisable goods: revised rule prescribes markup over cost of production as taxable value.
The amendment fixes the value of excisable goods consumed in manufacture at one hundred and ten per cent of the cost of production or manufacture and substitutes rule text to apply valuation provisions where whole or part of goods are sold to or through persons related in the specified manner or through inter-connected undertakings, prescribing normal transaction value for related-party sales and retaining the prescribed valuation method for inter-connected undertaking sales.

SEZ reporting obligations: SEZ units and developers must file Form A-3 quarterly reporting specified services received without tax.
The amendment requires the SEZ Unit or Developer to furnish to the jurisdictional Superintendent of Central Excise a quarterly statement in Form A-3 detailing specified services received without payment of service tax, to be filed by the 30th day of the month following each quarter; a transitional deadline requires the July-September 2013 quarter statement to be furnished by 15th December 2013.

Customs exchange rate determination sets prescribed currency conversion rates for import and export valuation under customs rules.
The Central Board of Excise and Customs fixes specific conversion rates for listed foreign currencies into Indian rupees for the purposes of import and export goods valuation, effective from 22nd November, 2013, superseding the prior notification except as to prior acts; distinct imported and export rates are set out in Schedule I and Schedule II.

In principle approval enables time limited preliminary recognition for otherwise non compliant SRO applicants, subject to compliance and extension rules.
Amendments limit distributor recognition to one group per asset management company applicant, align applicant fitness with Schedule II fit and proper criteria of the Intermediaries Regulations, and introduce an in principle approval allowing time limited preliminary recognition for applicants not meeting certain regulatory clauses, with a discretionary extension for sufficient cause; application processing language is modified to be subject to this in principle approval mechanism.

Renewal of recognition under Securities Contracts (Regulation) Act: exchange may operate only with full regulatory compliance.
Renewal of recognition under the Securities Contracts (Regulation) Act is granted to Inter-connected Stock Exchange of India Limited for a one year period in respect of contracts in securities, conditional on full compliance with all regulatory requirements, including the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, and any other conditions prescribed by the regulator before commencing or continuing trading.

Audit report filing obligation clarified with exemptions for First Schedule traders and exporters, and procedural options for inter state data.
Clarifies AR-1 audit report obligations: dealers with turnover meeting the Rs.10 crore threshold for 2011-12 or 2012-13 must file AR-1 for 2012-13, but exemptions apply for dealers dealing exclusively in First Schedule commodities or exclusively in exports if incidental annual turnover remains up to Rs.5 lakh. Part 7A may be satisfied by furnishing Block R 10 data from the CST return filed online prior to AR-1 submission. A dealer whose 2012-13 turnover falls at or below the lower threshold is exempt from AR-1 for 2012-13. AR-1 must be submitted to the ward incharge by 2 December 2013.

Export of prohibited items: conditional authorisation allowed under advance authorisation and EOU BOA approval subject to compliance.
The Foreign Trade Policy amendment allows export of items otherwise prohibited only where an explicit separate notification permits such export under Advance Authorisation/DFIA subject to stipulated conditions, and permits BOA to consider EOU requests to export a prohibited item provided the raw material is imported and not procured from the domestic tariff area, with SCOMET exports remaining subject to ITC (HS) conditions.

Tariff value fixation updates under customs notification substitute tariff value tables affecting oils, metals, seeds and bullion.
Notification No. 111/2013 substitutes TABLE 1, TABLE 2 and TABLE 3 of Notification No. 36/2001 Customs (N.T.), fixing tariff values in US dollars for listed imports: edible oils (palm oil, palmolein, soyabean oil), brass scrap, poppy seeds, bullion (gold and silver subject to specified notification benefits), and areca nuts, thereby prescribing per unit import valuation benchmarks.

Anti-dumping duty extension on Diclofenac Sodium continues for a further specified period under Section 9A review rules.
Amendment continuing the anti-dumping duty on Diclofenac Sodium from the People's Republic of China by inserting a provision that the original notification shall remain in force for a further specified period, effected under the authority of Section 9A of the Customs Tariff Act and the relevant anti-dumping rules following a continuation review.

Anti-dumping duty continued on Vitamin A Palmitate imports to address dumped pricing and likely recurrence of injury.
Imposition of anti-dumping duty on Vitamin A Palmitate from Switzerland and the People's Republic of China is continued following a review that found dumped imports with significant margins and a likelihood of continued injury; differentiated duty rates are prescribed by origin, export, producer and exporter, effective for five years, payable in Indian currency with exchange conversion determined by the notified rate and bill of entry date.

Optionality in foreign investment instruments allows non-resident exits subject to market, RoE, or certified pricing rules.
Issuance of shares or convertible debentures with an optionality clause but without any assured exit price is permitted to non-residents subject to Schedule I terms and a minimum lock-in of one year or higher as per Schedule I Annex-B; exits must be without assured return and priced as follows: listed company exits at recognised stock exchange market price, unlisted equity exits at a price not exceeding that based on Return on Equity from the latest audited balance sheet, and preference shares or debentures priced under an internationally accepted methodology certified by a Chartered Accountant or SEBI-registered Merchant Banker.

Amendment to permitted foreign jurisdictions list expands allowable locations for establishment of branch or office in India.
The amendment substitutes the words "Iran or China" in Regulation 4 of the Principal Regulations with "Iran, China, Hong Kong or Macau," thereby altering the list of jurisdictions referenced under the Foreign Exchange Management (Establishment in India of Branch or Office or Other Place of Business) Regulations, 2000.

Anti-dumping duty extension on Phenol under section 9A: government amends notification to extend duty for one year.
Extension of anti-dumping duty on Phenol originating in or exported from South Africa is effected by amendment to Notification No. 10/2013-Customs (ADD) dated 3rd May, 2013. The designated authority conducted a continuation review under sub-section (5) of section 9A of the Customs Tariff Act and rule 23, requested a one-year extension, and the Central Government, exercising powers under sub-sections (1) and (5) of section 9A and rule 23, substituted the original expiry date in paragraph 2 with a new date one year later.