Exemption from State Trading Enterprise requirement permits re-export of petroleum crude from a commercial stockpile at own cost.
The Export Policy for Petroleum Crude (ITC HS 27090010) is amended to exempt ADNOC Marketing International (India) RSC Limited from the State Trading Enterprise export-through-Indian-Oil requirement, allowing AMI to re-export crude from its Commercial Stockpile at the Mangalore Strategic Petroleum Reserve at its own cost.

Disclosure of taxpayer information: Principal Secretary, Planning Department Uttar Pradesh named authorized recipient under section 138 of Income tax Act.
The Central Government designates the Principal Secretary, Planning Department, Government of Uttar Pradesh as the authorized recipient for disclosure of information respecting assessees under the Income tax Act, effectuated by a Ministry of Finance (CBDT) notification specifying that office-holder for purposes of the statutory disclosure provision.

Rescission of notification withdraws earlier State Tax notice retrospectively, while preserving prior actions taken before withdrawal.
Rescission of Notification No. 30/2023-State Tax withdraws that earlier State Tax notification, while preserving effects of actions or omissions completed before rescission; the rescission is declared effective from the commencement of the calendar year in which the instrument is issued and is exercised under the State GST statutory power to rescind notifications.

SGST tariff substitution updates specified tariff headings, changing schedule applicability and declaring the amendment effective retrospectively.
The notification substitutes the column (2) entries for serial numbers 165 and 165A in Schedule I (2.5%) with the tariff headings "2711 12 00, 2711 13 00, 2711 19 10," and declares the amendment effective from the fourth day of January, 2024 under the powers of section 9(1) and section 15(5) of the Jharkhand Goods and Services Tax Act, 2017.

SEZ de-notification under SEZ Act reduces notified area after state approval and Development Commissioner recommendation.
Central Government de-notifies 45.797 hectares from the State Industries Promotion Corporation of Tamil Nadu Industrial Growth Centre SEZ, reducing the notified area to 73.991 hectares under the Special Economic Zones Act and Rules. The proposal by M/s. State Industries Promotion Corporation of Tamil Nadu Limited was recommended by the Development Commissioner, approved by the State Government of Tamil Nadu, and found to satisfy statutory requirements. The de-notified parcels are enumerated by village and survey number and are to be used for infrastructure that sub-serves the SEZ's original objectives.

Special Economic Zone expansion approved under SEZ Act, adding notified land and increasing the SEZ's total designated area.
Central Government notifies an additional area of 3.9035 hectares to the Biotechnology Special Economic Zone at Village Manjari Budruk, Pune, approved on 22 February 2024, thereby increasing the SEZ's total area to 26.3261 hectares. The notification is issued under the statutory powers to notify SEZ areas and in pursuance of the SEZ procedural rules, and it lists the specific survey numbers and hectare allocations comprising the added land.

Non-allowable deductions under clause (h) of section 43B broadened by corrigendum, altering tax deductibility treatment.
The corrigendum to G.S.R. 155(E) amends item E, clause 22 by inserting after "2006" the words "or any other amount not allowable under clause (h) of the Income-tax Act, 1961", thereby adding amounts not allowable under clause (h) of section 43B to the scope of clause 22 in the notification.

Tax limitation on royalties and technical fees: source tax capped where recipient is the beneficial owner, aligning treaty rates.
The Central Government, exercising powers under section 90 of the Income-tax Act, substituted paragraph 2 of Article 13 of the India-Spain convention so that royalties and fees for technical services may be taxed in the source State but, where the recipient is the beneficial owner, the tax charged shall not exceed ten per cent of the gross amount; the amendment implements the Protocol's paragraph providing for application of a lower source-tax rate and is applicable from assessment year 2024-25.

Urea import policy amendment extends authorised importer eligibility and import channelisation through IPL and designated entities for government account.
Amendment extends authorised import channels for agricultural-grade urea, maintaining import permission through designated public sector fertilizer producers subject to Foreign Trade Policy compliance, and extends the temporary allowance for imports via Indian Potash Limited. Imports for the Government account are authorised to be made either by designated State Trading Enterprises or through entities authorised by the Department of Fertilizers (Fertilizer Marketing Entities) for filing Bills of Entry at Indian ports, while requiring conformity with prescribed quality standards and existing FTP procedural requirements.

Import restriction for premium duck meat limited to supply to 3-Star and above operational hotels, others remain free.
Imports of Premium Duck Meat under ITC(HS) codes 02074200 and 02074500 are classified as Restricted only when imported pursuant to the DAHD OM and Department of Revenue Notification for supply to 3-Star and above operational hotels as per Ministry of Tourism notifications; other imports under these codes are 'Free'.

Minimum import price imposed on synthetic knitted fabrics, permitting imports only if CIF meets the prescribed threshold.
Imposition of a Minimum Import Price on specified synthetic knitted fabrics revises five Chapter 60 ITC(HS) import entries to prohibit ordinary imports while permitting consignments that meet a stated CIF value per kilogram; the measure is authorised under Section 3 read with Section 5 of the FT (D&R) Act, 1992 and relevant Foreign Trade Policy paragraphs and remains in effect up to 15th September 2024, with the prior 'Free' import policy resuming thereafter unless amended.

Online money gaming taxability: platform operators and cross border supplies are made liable for GST on specified actionable claims.
The Act inserts definitions for online gaming, online money gaming, specified actionable claim and virtual digital asset; deems organisers or platform operators of specified actionable claims to be suppliers liable to GST; makes cross-border supplies of online money gaming to persons in India taxable; and replaces "lottery, betting and gambling" with "specified actionable claims" in Schedule III, without prejudice to other laws regulating or prohibiting such activities.

Customs tariff amendment substitutes specified tariff list entries, applying from the start of the fiscal year and affecting exemptions.
The corrigendum amends Notification No. 60/2023-Customs by substituting entries in List 34A and stipulating that the substituted entries operate with effect from the commencement of the relevant fiscal year, thereby fixing the effective date for the substitution and replacing the prior published phrasing in the Gazette.

Export prohibition extended for De-Oiled Rice Bran, prolonging the ban and maintaining export restrictions under current policy.
Export prohibition on De-Oiled Rice Bran is extended by amendment to the Foreign Trade Policy, revising the policy condition for De-Oiled Rice Bran under ITC HS 2306 and thereby prolonging the existing export ban across that classification and any other HS codes under which the product could be exported.

News agency specification under section 10 clause confirms tax-exempt status where income is used solely for news collection and distribution.
The Central Government designates The Press Trust of India Limited, New Delhi, as a news agency qualifying for exemption under the Income-tax Act clause for the specified assessment period, conditional on the agency applying or accumulating its income solely for collection and distribution of news and not distributing income to its members.

Customs cooperation agreement: India notifies mutual administrative assistance with Armenia expanding customs information-sharing and assistance.
Amendment adds a new notified entry inserting an Agreement or Arrangement on Cooperation and Mutual Administrative Assistance (CMAA) in customs matters between India and the Republic of Armenia under Section 151B(2) of the Customs Act, 1962 by placing the Armenia instrument as S. No. 16A in the table of contracting states within Notification No. 58/2021-Customs (N.T.), thereby formalizing administrative cooperation and information-sharing for customs purposes.

Tariff value fixation updates import valuation for edible oils, metals and areca nut, affecting customs assessment and benefit eligibility.
Fixation of tariff values for specified imports amends the principal non tariff notification under section 14(2) of the Customs Act, substituting revised tables that set US dollar denominated tariff values for edible oils, palmolein, soybean oil, brass scrap, areca nuts, and defined forms of gold and silver, with clarified scope and exclusions for precious metal entries and an operative effective date.

Customs Tariff Amendment: third tranche under India UAE CEPA revises BCD, AIDC and quota schedules effective April implementation.
Amendment substitutes TABLE I, TABLE II and TABLE III of Notification No. 22/2022 Customs with updated tariff listings: TABLE I revises tariff items with corresponding Basic Customs Duty (BCD) rates; TABLE II sets selected tariff items with BCD and AIDC rates; TABLE III prescribes quota quantities, in quota tariff rates and AIDC rates with conditions. The changes are effected under section 25(1) of the Customs Act, 1962 to implement the third tranche of the India UAE CEPA and come into force on 1st April, 2024.

SWS exemption for EV imports under manufacturing promotion scheme effected by amendment to customs notification.
Amendment to Notification No. 11/2018 Customs adds, in the Table against Sl. No. 57, after item (iv) and before the words "of the Table", a new item (v) specifying column (3), sub-item (c) of item (2) of S. No. 526A, thereby extending the notification's exemption coverage to that specific tariff entry for electric passenger cars imported under the Ministry of Heavy Industries' manufacturing promotion scheme.

Customs concession for electric vehicles: specified tariff exemptions apply when imported under the MHI manufacturing scheme, subject to certification.
Prescribes concessional customs duty rates for electrically operated vehicles (heading 8703), distinguishing knocked down kits and complete imports, and provides a concessional treatment for vehicles meeting a minimum CIF threshold when imported under the Ministry of Heavy Industries' manufacturing scheme, subject to a sunset provision.