Industrial Park tax benefit framework requires operator continuity, minimum units and infrastructure compliance before conditional tax incentives can be claimed.
Notification designates the Industrial Park at Ajeetgarh, Sikar, developed and operated by M/s. Rajasthan State Industrial Development & Investment Corporation Limited, Jaipur, as an Industrial Park for purposes of section 80-IA(4)(iii), subject to annexed terms including site parameters, minimum unit threshold and investment, minimum infrastructure expenditure requirements, infrastructure definitions, cap on single unit occupation, separate statutory and foreign investment approvals, operator continuity, transfer notification procedures, and invalidation and withdrawal consequences for misinformation, nondisclosure or unauthorized project amendments.

Anti-dumping duty continuation on Flexible Slabstock Polyol extends import restrictions pending statutory review.
The Central Government, exercising powers under sub-sections (1) and (5) of Section 9A of the Customs Tariff Act, 1975 and rule 23 of the said Rules, amended Notification No.120/2002-Customs to insert a paragraph extending the anti-dumping duty on Flexible Slabstock Polyol (ESP) originating in or exported from the United States of America, Japan, the European Union and Singapore, keeping the notification in force until and inclusive of the specified expiry date unless revoked earlier, pending completion of the review initiated under sub-section (5) of Section 9A.

Appointment of Adjudicating Authority authorises Commissioner to hear show cause notices in customs export matters.
The Central Board of Excise and Customs, invoking Sub section (1) of Section 4 and Sub section (1) of Section 5 of the Customs Act, appoints the Commissioner of Central Excise, Mumbai II to act as Commissioner of Customs (Export) at Jawaharlal Nehru Custom House, Nhava Sheva and authorises him to exercise the powers and duties of that office for adjudicating show cause notices issued by the Directorate of Revenue Intelligence concerning M/s Sai Shradha Exim Private Limited and others.

Appointment of adjudicating authority: Commissioner of Customs delegated to adjudicate specified show cause proceedings.
The Central Board of Excise and Customs, under Sections 4(1) and 5(1) of the Customs Act, 1962, appoints the Commissioner of Customs (Import), Kolkata to act as Commissioner of Customs (Import), Nhava Sheva and authorises him to exercise the powers and duties of that office for adjudicating matters arising from the show cause notice issued in respect of M/s. Garment Craft and others.

Tax exemption for institution receipts conditioned on exclusive application of income, permitted investments, accounting, and audit compliance.
Notification grants tax exemption for income received by any person on behalf of Population Services International provided specified conditions are met: income must be applied or properly accumulated for the institution's objects with limits on accumulation; funds must be invested in forms permitted by section 11(5) (except limited in-kind voluntary contributions); business income is exempt only if incidental and separately accounted; the institution must file returns regularly, furnish an accountant's audit report with the return, and transfer surplus assets on dissolution to a similar organization.

Tax exemption for income received on behalf of a charitable institution, subject to application, investment and audit conditions.
Exemption excludes from a recipient's total income any sums received on behalf of the Centre for Development and Human Rights, provided the Institution applies or accumulates income wholly and exclusively for its objects (with limited permissible accumulation), restricts investments to modes permitted under section 11(5), treats incidental business profits with separate books, files income-tax returns, transfers surplus on dissolution to a like-minded organization, and furnishes an accountant's audit report with its return.

Antidumping duty rate adjustment imposed for NBR imports, amending the original customs notification to specify the new duty.
The Central Government has amended Notification No.78/2005 Customs to substitute the duty entry and impose an anti dumping duty at the rate of US$ 38.73 per metric tonne on acrylonitrile butadiene rubber (NBR) imported from Korea Kumho Petrochemicals, in implementation of the designated authority's mid term review findings and pursuant to a Tribunal order, exercised under section 9A of the Customs Tariff Act and Rule 23 of the Anti dumping Rules.

Central Excise notification amendment: specified table entries revised, altering applicable duty rates and coming into effect as notified.
The Central Government, exercising powers under section 4A of the Central Excise Act, 1944, amends Notification No. 2/2005-Central Excise (N.T.) by substituting the entries in column (4) for Sl. Nos. 1 and 2 of the notification's table with 42.5%, thereby revising those duty rate entries; the amendment commences on the 1st day of February, 2007.

Terminology correction: 'sub-rule' replaced by 'clause' in official notification text to amend published Gazette wording.
The corrigendum directs that, in the notification S.O. 44(E) as printed in the Gazette of India, Part II, Section 3, Sub-section (ii), the phrase "sub-rule" shall be read as "clause" in the specified column and line, effecting a textual substitution in the published notification.

Charitable income exemption: income received for a public finance institute is tax-exempt subject to specified compliance conditions.
Notification under Section 10(23C)(iv) exempts income received by any person on behalf of the National Institute of Public Finance and Policy from inclusion in that person's total income, subject to conditions: exclusive application or limited accumulation of income, permitted modes of investment, business only if incidental with separate books, regular filing of returns, dissolution transfer of surplus to a like organization, and furnishing an accountant's audit report with the return.

Customs exemption for specified manufactured commodities imported from Nepal: amended list expands itemised tariff headings eligible for duty relief.
Amendment substitutes the Table in Notification No. 78/2006 to list specific First Schedule headings and product descriptions that define goods exempt from customs duty when imported from Nepal, establishing item-specific eligibility through enumerated tariff items and concise descriptors, with some entries covering "All goods" under a heading and others limited to particular product designations.

Import duty reduction on maize: tariff amendment creates a nil-rate entry and clarifies its application timing.
The Central Government amended Notification No. 21/2002-Customs to apply a nil rate of import duty to maize by inserting a new serial entry (22A) in the Table and adding a proviso clause specifying the timing of application for the goods listed, thereby modifying the tariff schedule and the scope of the existing exemption notification.

Customs exemption amendments update tariff-based exemption rates and add specific headings with revised concessions under Customs Act
Amendment revising entries in the schedule to Notification No.21/2002-Customs: replaces column (4) percentages for S.No.34 items (A),(B),(C) with 60% and for S.No.434 with 67.5%; inserts S.No.36A and 36B adding two tariff headings covering all goods with exemption percentages of 65% and 75%, respectively, under the authority of section 25(1) of the Customs Act.

Exchange rate notification updates foreign currency conversion rates for export valuation and customs purposes, with prospective application.
The Board prescribes binding rupee conversion rates for specified foreign currencies for the valuation of exported goods, listing individual currency equivalents in Schedule I and a rate for Japanese Yen in Schedule II, and gives those rates prospective effect as the applicable exchange rates for export purposes.

Exchange rate determination establishes statutory conversion rates for specified foreign currencies applicable to imported goods under customs law.
The Board, exercising statutory power under the Customs Act, fixes the rate of exchange for specified foreign currencies to be used for conversion into Indian currency or vice versa for customs purposes, and appends schedules listing the applicable conversion rates which supersede the prior notification and take effect from the stated date.

Export exception for sugar: authorised release orders permit limited exports, with excess shipments needing fresh government approval.
The Foreign Trade Policy amendment permits exports of sugar executed under valid Release Orders issued by the competent Directorate within government-approved quantity limits, excluding such exports from the general prohibition; shipments exceeding those limits require fresh governmental approvals prior to further release.

Exemption under Section 10(23C)(iv): donations received on behalf of the institution excluded from donor income, subject to compliance.
Any income received by any person on behalf of Raja Rammohan Roy Library Foundation is exempt under Section 10(23C)(iv) from inclusion in that person's total income, provided the Institution applies or accumulates income for its objects subject to accumulation limits, confines investments to modes permitted by section 11(5), treats business income as incidental only if kept in separate books, files returns regularly, obtains an accountant's audit and prescribed audit report, and transfers surplus assets on dissolution to like-minded organizations; the exemption is applicable to recipients and is subject to rescission for non-genuine activities or non-compliance.

Project classification for customs assessment: airport development and metro rail projects added to notification for tariff treatment.
The Central Government amended Notification No. 42/96 Customs by inserting two new serial entries to recognise airport development projects and metro rail projects as project categories for the purpose of customs assessment under the applicable tariff notification, thereby bringing these infrastructure projects within the notification's administrative classification and treatment framework.

Customs tariff amendments change duty rates and add new tariff entries, altering treatment of specified imported goods.
Amendments to Notification No. 21/2002-Customs insert new serial entries and substitute column (4) duty entries for numerous tariff headings, specifying revised duty rates (including Nil, 5% and 7.5%) for designated classifications and listing exclusions within certain entries; the ANNEXURE condition No.94 is omitted.

Tax exemption for income received on behalf of an institution contingent on compliance with application, investment and audit conditions.
Notification grants tax exemption for income received by any person on behalf of India International Centre subject to conditions: apply or accumulate income solely for institutional objects with accumulation beyond fifteen percent limited to five years; restrict investments to forms permitted for charitable trusts; exclude business receipts unless incidental with separate books; require regular income tax return filing, an accountant's audit with prescribed report, and transfer of surplus and assets to a similar organization on dissolution; applicable to recipients only from assessment year 2006 07 onward.