Long-term specified securities under section 54EB allow reinvestment in specified bonds but trigger capital gains tax on early redemption.
Specification designates bonds issued by Infrastructure Leasing and Financial Services Limited as long-term specified securities under section 54EB, subject to issuance within a one-year window and investment from net consideration of a long-term capital asset; if the assessee monetises the allotted bonds within a fixed retention period after allotment, the initial investment is chargeable to tax under the head Capital gains in accordance with the section.

Long-term specified securities under section 54EA: bonds qualify, conversion within three years treated as capital gains.
The Central Board of Direct Taxes specifies bonds issued by Infrastructure Leasing and Financial Services Limited as long-term specified securities under section 54EA, permitting issuance within one year subject to an aggregate cap and conditioning eligibility on investment of the assessee's net consideration from transfer of a long-term capital asset; if the assessee transfers or converts the allotted bonds into money within three years of allotment, the initial investment shall be chargeable to tax as capital gains.

Administrative amendment of a Gazette notification: substitution of the named Secretary formalises designation without altering substantive terms.
Amendment substitutes the previously specified Secretary with a Secretary from the Department of Company Affairs in the principal Gazette notification, effected under the Central Government's statutory notification powers derived from the Securities and Exchange Board of India Act, 1992; the change is limited to textual substitution of the named official and does not alter other substantive terms of the original notification.

Designation as place of public worship permits tax exempt donations for temple renovation until funding cap or expiry.
The Central Government specified Ganeshji Mandir, Delhi, as a place of public worship of renown for the income tax regime governing donations, making contributions to the Mandir eligible for the statutory tax treatment. The specification is confined to funds for repair and renovation and is effective only until the prescribed aggregate funding ceiling is reached or until the stated expiry date, whichever occurs earlier.

Industrial park designation under section 80 IA requires minimum industrial allocation and prescribed infrastructure investment.
Notification designates the Western India Kinfra Ltd. undertaking as an industrial park under clause (iii) of sub section (4) of section 80 IA, approving its location, area, proposed activities and allocable area subject to conditions. The Schedule mandates minimum industrial allocable area proportions, a maximum commercial allocation, sectoral inclusions/exclusions per the National Industrial Classification, minimum infrastructure expenditure shares (higher where built up space is provided), definitions of infrastructure, a single unit area cap, separate statutory approvals for foreign investment, operational continuity while tax benefits are claimed, and Central Government power to withdraw approval for non compliance or nondisclosure.

Specification of foreign currency convertible bond scheme under income-tax law designates the 1993 depository receipt scheme for subsequent assessments.
Specification of the Issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993 as a scheme under section 115ACA designates the 1993 depository receipt notification (GSR 700(E)) as applicable for assessment year 2000-2001 and subsequent assessment years, thereby adopting that scheme for tax purposes under the Income-tax Act.

Place of public worship designation permits tax-deductible donations for specified renovation work until collection cap or cutoff date.
Central Government designates Ganeshji Mandir as a place of public worship of renown for the purposes of section 80G, limited to repair and renovation work; the specification applies only for receipts up to the prescribed collection limit and will cease when that limit is reached or upon the stated calendar cutoff, whichever is earlier.

Industrial Park approval under tax incentive rules requires specified infrastructure, allocation limits and compliance conditions.
Notification under clause (iii) of sub section (4) of section 80 IA notifies M/s Western India Kinfra Limited's industrial park as approved subject to Schedule conditions: minimum 66 per cent of allocable area for industrial use; allocable area excludes common facilities; commercial use capped at 10 per cent; infrastructure defined to include common utilities; minimum infrastructure investment thresholds (50 per cent generally, 60 per cent where built up space provided); no single unit to occupy more than 50 per cent of allocable industrial area; statutory approvals for foreign investment required; continued operation required while benefits are availed; Central Government may withdraw approval for non compliance or undisclosed material facts.

Specified securities under section 54EB: notified debentures qualify subject to reinvestment and holding conditions.
The Central Board of Direct Taxes designates debentures to be issued by M/s Adani Port Infrastructure Ltd. as long term specified securities under section 54EB, subject to issuance within the notified period and monetary limit. The tax treatment applies only where an assessee invests net consideration from a long term capital asset into these debentures, and if the debentures are transferred or converted into money within seven years of allotment the original investment becomes chargeable to tax as capital gains under the section.

Long-term specified securities designation limits issuance and ties investment to capital gains with a mandatory holding condition.
Certain equity shares of a specified public company are designated as long-term specified securities where issued within one year and funded from net consideration of a long-term capital asset transfer; if these shares are transferred or converted into money within three years of allotment, the initial investment is chargeable to tax as capital gains.

Long-term specified securities: bonds eligible for capital gains reinvestment with a seven-year charge-back rule.
Bonds by Infrastructure Leasing & Financial Services Ltd. are specified as long-term specified securities for capital gains reinvestment purposes; issuance is permitted within one year up to a prescribed aggregate amount. Investment must be made out of net consideration from transfer of a long term capital asset, and if the assessee disposes of or converts the bonds into money within seven years of allotment the initial investment is chargeable to tax as capital gains.

Long-term specified securities: bonds specified for reinvestment of capital gains, subject to lock-in and chargeability on early conversion.
Notification specifies bonds of a named infrastructure finance company as long-term specified securities under section 54EA, limited by issuance period and aggregate amount, conditioned on investment of net consideration from transfer of a long-term capital asset; if the assessee transfers or converts the allotted bonds into money within a defined short period from allotment, the initial investment is chargeable to tax under the head Capital Gains pursuant to the section.

Long-term specified securities designation allows rollover from long-term capital asset; withdrawal within seven years triggers capital gains tax.
Central Board of Direct Taxes designates specified equity shares of Konaseema EPS Oakwell Power Ltd. as long-term specified securities for section 54EB, allowing investment of net consideration from transfer of a long-term capital asset into those shares issued within one year; if the allotted shares are transferred or converted into money within seven years, the initial investment is chargeable to tax under the head "Capital Gains".

Long-term specified securities: equity issuance under section 54EA with reinvestment requirement and holding-period consequences on premature sale.
Central Board of Direct Taxes specifies equity shares of M/s Konaseema EPS Oakwell Power Ltd. as long-term specified securities, subject to issuance within one year and a prescribed aggregate limit, and conditional on investment from net consideration of a long-term capital asset transfer. If the specified shares are transferred or converted into money within three years of allotment, the initial investment shall be chargeable to tax under the head Capital Gains in accordance with the statutory provision.

Rescission of notification: prior customs exemption revoked under Customs Tariff Act powers and anti-dumping rules.
The Central Government rescinds Notification No. 124/99-Customs (9 November 1999) using powers under the Customs Tariff Act read with the Customs Tariff rules on anti-dumping duty assessment and injury determination, thereby withdrawing the prior miscellaneous exemption notification published in the Gazette; issued by the Department of Revenue with an official file reference.

Antidumping duty on Nylon Tyre Cord Fabric imposed; exporter-specific rates prescribed and effective from provisional duty date.
Imposition of Antidumping Duty on Nylon Tyre Cord Fabric (sub heading 5902.10) from South Korea, Indonesia, Thailand and Taiwan is ordered following final findings of dumping and material injury; the Central Government prescribes exporter specific and other exporter per kilogram duty rates for each country and applies the duties with effect from the provisional duty start date.

Exchange rate determination for export goods under Customs Act sets specified currency conversion rates effective from the stated month.
The Central Government, exercising powers under the Customs Act, fixes the conversion rates at which the listed foreign currencies shall be converted into Indian rupees (and vice versa) for export goods. The notification supersedes an earlier notification and attaches two schedules-one with per-unit currency rates and another with rates per one hundred units-which govern exchange treatment for export-related customs valuation and procedures from the commencement date stated in the notification.

Exchange rate fixation for imported goods set for upcoming month, prescribing conversion rates for specified foreign currencies.
Central Government, under the Indian Stamp Act and the Customs Act, prescribes the rate of exchange for imported goods to calculate stamp duty and for customs determinations; the specified conversion rates for listed foreign currencies (set out in Schedule I and Schedule II) into Indian rupees, and vice versa, are fixed and effective from the stated date.

Restricted export ceilings for sand and soil to Maldives increased, subject to NOC issuance and mandatory monitoring.
Exports of sand and soil to the Maldives are classified as restricted but permitted within prescribed annual ceilings subject to issuance of a no objection certificate by the Chemical and Allied Product Export Promotion Council, which shall monitor the ceiling and send quarterly reports to Policy Cell-III in DGFT; the amendment inserts the commodity into Table B of Schedule 2 and Appendix 1 of Schedule 2 and implements enhanced ceilings for the current and subsequent financial years under the authority of the Foreign Trade (Development and Regulation) Act, 1992.

Customs exemption for off-shore oil exploration parts requires compliant manufacture use and certification by Directorate General of Hydrocarbons.
A new tariff entry grants Nil duty on parts and raw materials for manufacture of goods to be supplied for off shore oil exploration or exploitation, subject to use in manufacture under the Customs Act provisions and production of a certificate from a duly authorised officer of the Directorate General of Hydrocarbons to the Deputy or Assistant Commissioner of Customs confirming the goods are required for off shore oil exploration or exploitation.