Amendment to Enquiry Procedure: omission of 'warning or' before censure narrows disciplinary options under SEBI enquiry regulations
Amendment removes the words "warning or" appearing before censure in regulation 13(1)(a)(i) of the 2002 enquiry and penalty procedure regulations; the change is made under statutory power and takes effect on publication in the Official Gazette.

Correction to Customs notification citation updates referenced notification and deletes the accompanying footnote from the original text.
The corrigendum to Notification No. 116/2004-Customs substitutes the originally cited prior notification throughout the text by directing that the alternate notification citation be read in its place, and it deletes the footnote that accompanied the original notification.

ITC(HS) classification amendment deletes cross chapter entry, changing treatment of goods falling in multiple chapters under trade policy.
The notification deletes the entry at Sl. No. 2 of Table A in Schedule 2 of the ITC(HS) Classifications under the heading Goods Falling in More than One Chapter of ITC(HS) Classification, with that deletion to take effect from January 1, 2005.

Customs exemption for components used in static converters for data processing machines extends duty relief to specified electronic inputs.
Amendment inserts exemption entry 300A into Notification No. 21/2002-Customs to extend concessional treatment for specified inputs used in the manufacture of static converters for automatic data processing machines and units of heading 8471, listing populated printed circuit boards, transformers, goods under sub heading 8504 90, SMF batteries, and enamelled copper wire; enacted under section 25(1) of the Customs Act, 1962 and effective from the first day of January, 2005.

Customs duty reduction: tariff entry for specified iron and steel products amended, lowering duty with effect from the notified date.
The Central Government amends notification No. 5/2004 Customs by substituting the entry "72" in column (2) against S.No. 343 of the Table, thereby changing the tariff entry applicable to specified iron and steel products, including seconds and defectives. The amendment is effected by Notification No. 118/2004 Customs and is declared to come into force on the 1st day of January, 2005.

Excise duty exemption: partial relief for paper and paperboard from specified Hindustan Paper Corporation mills during 2005.
Notification grants a partial excise duty exemption for paper and paperboard manufactured by Nagaon Paper Mill and Cachar Paper Mill of Hindustan Paper Corporation by excluding from levy that portion of duty in excess of an amount calculated at fifty per cent of the duty otherwise leviable, subject to other notifications issued under the empowering provision; the exemption is limited to 1 January 2005 through 31 December 2005.

Specific excise duty on vegetable fats and oils imposed, altering tariff entries and creating a per kilogram levy effective next year.
The notification substitutes the tariff entry for S.No.245 to impose a specific excise duty of Rs 1.25 per kilogram on vegetable fats and oils, expressly covering all such goods and bakery shortening or hydrogenated vegetable fats and oils (Vanaspati), and takes effect on 1 January 2005 under the power conferred by section 5A(1) of the Central Excise Act, 1944.

Service tax liability shift: specified recipients are made liable to pay tax instead of service providers for listed services.
Persons notified under section 68(2) are liable to pay service tax instead of the service provider for specified services, including telecommunication service, general insurance, insurance auxiliary services by agents, transport of goods by road where consignor or consignee are specified entities (factories, companies, corporations, societies, co-operatives, registered excise dealers, bodies corporate or partnership firms), business auxiliary distribution of mutual funds, sponsorship services to bodies corporate or firms, and taxable services provided from abroad and received in India under section 66A; effective from the first day of January, 2005.

Supersession of Governing Board extended to allow completion of corporatisation, demutualisation and election processes.
Extension of the supersession of the Governing Board of the Uttar Pradesh Stock Exchange Association Limited for a further six months; the Administrator shall continue to exercise and perform all powers and duties of the Governing Board and may take assistance as necessary to complete corrective measures and to enable the processes of election, corporatisation and demutualisation.

Supersession extension of a stock exchange to allow completion of corrective measures, election and corporatisation processes.
Extension of the supersession of the Council of Management of the Bhubaneswar Stock Exchange is ordered for a further six months to allow continuation of corrective measures, completion of election procedures and the processes of corporatisation and demutualisation. Shri Jai Prakash Verma, IPS (Retd.) shall continue as Administrator with authority to exercise all powers and duties of the Council and to engage assistance as necessary during the extended period under the regulator's statutory authority.

Anti-dumping duty on acrylic fibre imposed to offset dumped imports, calculated against landed value and payable in local currency.
Imposition of an anti-dumping duty on imports of acrylic fibre of all deniers originating in or exported from Belarus, fixed as the difference between a specified reference amount per metric tonne and the landed value of the imported goods, denominated in US dollars but payable in Indian currency. The notification defines "landed value" as the assessable value under the Customs Act excluding certain duties, prescribes use of the government-notified exchange rate on the bill-of-entry date for conversion, and specifies tariff items, scope by country of origin/export, and the period of validity.

Exchange rate determination sets new export currency conversion rates under Customs Act, affecting export valuation and compliance.
The Board, exercising powers under Customs Act, 1962, superseded a prior notification and determined, with effect from 1 January 2005, the rates of exchange for specified foreign currencies for purposes of export goods; the prescribed rates are set out in Schedule I (major currencies) and Schedule II (Japanese Yen).

Exchange Rate Determination for imported goods fixed under customs notification, setting conversion rates for foreign currencies.
The Board fixes exchange rates for conversion of each foreign currency listed in the appended Schedules into Indian currency or vice versa, with the rates specified in the corresponding schedule entries taking effect from the stated operative date; the notification supersedes the prior notification and applies for customs purposes relating to imported goods.

Anti-dumping duty continuation on sodium cyanide extended pending sunset review, amending prior notification to prolong duty period.
The Central Government, invoking Customs Tariff Act provisions and the anti-dumping rules, amends the principal notification to extend the operative period of the anti-dumping duty on sodium cyanide pending completion of a sunset review initiated by the designated authority, thereby maintaining the duty until the review's outcome.

Adjudication appointment: Commissioner designated to adjudicate show cause notices relating to Koatex Infrastructure under Customs Act authority.
The Central Board of Excise and Customs designates the Commissioner of Customs (Adjudication), Mumbai to act as Commissioner of Customs for Jamnagar, Mumbai and Air Cargo Complex, Mumbai for the sole purpose of adjudicating show cause notices issued to M/s. Koatex Infrastructure Ltd and others under the authority of sub section (1) of section 4 of the Customs Act, thereby centralizing responsibility for those adjudications in a single named officer.

Appointment of Adjudicating Authority: Commissioner designated to adjudicate a show-cause notice issued by revenue intelligence.
The Central Board of Excise and Customs designates the Commissioner of Central Excise (Adjudication), Air Cargo Complex, New Delhi, to act as the adjudicating authority in multiple commissionerate and port capacities for the purpose of adjudicating a show-cause notice issued by the Directorate of Revenue Intelligence, Delhi Zonal Unit, in respect of matters relating to M/s. Vikrant Overseas and others, thereby establishing a Common Adjudicating Authority limited to that specified case.

Appointment of Adjudicating Authority: Commissioner designated to centralize adjudication of Customs show cause notices in specified matters.
The Commissioner of Central Excise (Adjudication), New Customs House, New Delhi is designated to act as the Commissioners of Customs and Commissioner of Central Excise at specified ports and depots for the sole purpose of adjudicating the Show Cause Notices issued to M/s. Bhagwati Components Manufacturing Co. Ltd and others, thereby centralizing authority to hear and decide the matters referred by the Directorate of Revenue Intelligence.

Appointment of Adjudicating Authority: Commissioner authorized to adjudicate DRI show cause notices in the specified case.
The Central Board of Excise and Customs appoints the Commissioner of Central Excise (Adjudication), New Customs House, New Delhi, to act as the commissioners of the listed customs and central excise jurisdictions for the sole purpose of adjudicating the identified show-cause notices issued by the revenue intelligence unit, centralising adjudicatory responsibility and enabling one officer to perform adjudicatory functions across those jurisdictions for the specified case.

Appointment of adjudicating commissioners under Customs Act centralises adjudication of DRI show cause notices involving specified importers.
The Central Board of Excise and Customs, invoking sub-section (1) of section 4 of the Customs Act, 1962, appoints the Commissioner of Central Excise (Adjudication), New Customs House, New Delhi to act as specified Commissioners of Customs and Central Excise (including ICD Tughlakabad, Port Kolkata, Kandla, Faridabad and Vishakhapatnam-II) solely for adjudication of matters arising from the show cause notice issued to specified importers.

Appointment of Adjudicating Authority: Commissioner assigned to adjudicate specified customs show cause notices arising from DRI investigations.
The Central Board of Excise and Customs designates the Commissioner of Customs, Goa to act as Commissioner of Customs (Exports), Jawaharlal Nehru Custom House, solely to adjudicate specified show cause notices issued to two named exporters by the Directorate of Revenue Intelligence, Goa Regional Unit, thereby reallocating proper officer responsibility for those proceedings under the Customs Act.