Exemption from additional duty expanded: re export destinations broadened and jobbing must comply with section 65 requirements.
The notification amends the exemption by substituting condition (ii) to allow goods to be re-exported to the supplier or to any other person specified by the supplier, and by substituting condition (v) to require that jobbing be undertaken in accordance with the Customs Act provisions, thereby expanding permissible re-export recipients and expressly tying jobbing to statutory compliance.

Depository participant eligibility expanded to require financial, operational, IT, insurance and shareholding disclosures in applications.
Corrigendum adds documentary and procedural requirements for depository participant applications: audited financials showing net worth and paid up capital; descriptions of services to beneficial owners; staff organisation and key personnel experience; safekeeping and securities operations manuals and independent internal controls; detailed automatic data processing, data storage, backup and disaster recovery systems; insurance cover details; disclosure of shareholding in depositories and any proposed acquisitions; and an undertaking from the depository confirming the applicant's eligibility and compliance with participant criteria and bye laws.

Retrospective drawback rates apply to prior exports that discharged notified export obligations, extending announced general rates to those shipments.
The Government directs that the drawback rates announced in the specified general note of the public notice shall apply retrospectively to exports made before the cutoff where such exports were made to discharge export obligations under the relevant notifications, thereby extending those rates to earlier shipments that satisfy the notification-linked eligibility criteria.

Anti-dumping duty on Dead Burnt Magnesite imposed with exporter-specific and residual import duty rates under customs rules.
Imposition of anti-dumping duty on Dead Burnt Magnesite (DBM) imported into India following preliminary findings of dumping by the designated authority; the Central Government, under the Customs Tariff Act and the anti dumping rules, applies exporter specific and residual per metric tonne duty rates to DBM when imported from identified exporters and others.

Section 35AC eligibility extended for Assam Gujarat Voluntary Blood Bank furnishing and equipment scheme following National Committee recommendation.
Specification under section 35AC designates the furnishing and equipment of the Assam Gujarat Voluntary Blood Bank and Research Centre by Assam Gujarat Charitable Trust as an eligible project or scheme, extended for a further two assessment years following a National Committee recommendation based on satisfactory execution.

Section 35AC project approval amended to increase the sanctioned maximum project cost for a charitable trust.
Amendment under Section 35AC substitutes the maximum approved project cost in Notification S.O.193(E) dated 14 March 1996 for serial number 7 relating to Lai Bahadur Chand Munjal Charitable Trust, replacing the earlier notified figure with a higher approved maximum cost on the recommendation of the National Committee.

Eligible project specification under section 35AC extends tax concession eligibility for the hospital expansion project for further assessment periods.
Specification under section 35AC designates the expansion of Hindu Mission Hospital at Tambaram, Madras-addition of a Geriatric Division and an Ophthalmic Block-as an eligible project for income-tax benefits, extending eligibility for a further three assessment years and revising the estimated project cost upward following a National Committee recommendation.

Tax deduction eligibility under section 35AC extended for the Integrated Rural Development Project, allowing continued qualifying contributions.
The Central Government specifies the Integrated Rural Development Project carried out by Murleidhor Jalan Foundation, Calcutta, as an eligible project for tax deduction purposes, describing its constituent works and, on the National Committee's recommendation, extends the specification for a further three assessment years so qualifying contributions continue to attract the prescribed tax deduction treatment under the applicable income tax provision and rules.

Tax deduction eligibility under section 35AC: government notifies specified projects and caps on allowable project costs for charitable institutions.
Notification designates specified institutions and projects as eligible for deduction under section 35AC, listing each institution with the project description, estimated project cost and the maximum portion of that cost allowable as a deduction. It sets assessment-year specific time limits for eligibility for certain serially numbered projects and records that several capped amounts were subsequently amended by later substitution notifications.

Inland Container Depot list amended to add and substitute authorised ICD locations across several states, expanding permitted sites.
Amendment updates the Table to Notification No. 15/95-Cus. (N.T.), inserting and substituting state-specific entries to expand authorised Inland Container Depot locations: adding Baroda in Gujarat; substituting Pithampur and Raipur in Madhya Pradesh; adding Nasik in Maharashtra; substituting Bhilwara and Jaipur in Rajasthan; substituting Coimbatore, Salem and Singnallur in Tamil Nadu; and substituting entries in Uttar Pradesh to include Meerut, Pakwara (Moradabad), Saharanpur and Varanasi.

Exemption scope broadened to include goods with like characteristics and commercially interchangeable components when sold domestically.
The notification substitutes the phrase "identical in all respects" with wording that includes goods which, though not alike in all respects, have like characteristics and like component materials enabling them to perform the same functions and to be commercially interchangeable, thereby broadening the exemption for goods produced in EOU, FTZ, EHTP and STP units when sold in India.

Appointment of Commissioner of Customs: adjudication location changed to the designated port for Reliance case.
The Central Government amends Notification No. 65/94-Cus. (N.T.) to substitute the words designating Bombay with Jawaharlal Nehru Port, so that the Commissioner of Customs appointed for the specific purpose of adjudicating the Reliance case shall exercise adjudication at Jawaharlal Nehru Port, pursuant to the powers under subsection (1) of section 4 of the Customs Act, 1962.

Double taxation avoidance treaty allocates taxing rights, limits withholding on cross border payments and provides mutual assistance.
Bilateral Convention allocates taxing rights between India and Israel to avoid double taxation and prevent fiscal evasion: it applies to residents and specified income and capital taxes, defines residence and permanent establishment rules, attributes profits to permanent establishments, and prescribes source taxation and capped withholding on dividends, interest, royalties and fees for technical services. The treaty provides mechanisms for elimination of double taxation by credit or deduction, non discrimination, mutual agreement procedures, exchange of information with confidentiality safeguards, and entry into force and termination clauses, with Protocol provisions for review and parity with other agreements.

Exchange Rate Determination for export goods establishes specified currency conversion rates under Customs Act, superseding prior notification.
The Central Government prescribes specific exchange rates for conversion between listed foreign currencies and Indian rupees for export goods, superseding the earlier notification. The instrument contains two operative schedules: Schedule I lists rates per one unit of specified currencies and Schedule II lists rates per one hundred units, which shall be applied for export-related currency conversion under the Customs Act.

Exchange rate determination prescribed for computing stamp duty and customs valuation of imported goods under specified statutory powers.
Prescribes exchange rates to be used for calculating stamp duty and for customs purposes relating to imported goods, superseding the earlier notification; Schedule I lists rates per one unit for specified currencies and Schedule II lists rates per one hundred units, the prescribed rates to operate as the authoritative conversion for the stated statutory purposes.

Excise exemption for limestone captively used in cement manufacture relieves duty where non-levy occurred under prior practice.
The Central Government directs that where, in accordance with an established practice, excise duty was not levied on limestone of Heading 25.05 captively consumed in cement clinker manufacture during the relevant period, the full excise duty that would otherwise have been payable need not be paid, thereby recognizing the prior non-levy and relieving liable persons of payment for that period.

Allocation of fee account heads clarifies registration, filing, inspection and other company fees under revised rule.
Amendment of Rule 22 revises the classification and alphanumeric coding of fee receipts under the Companies (Central Government's) General Rules and Forms, 1956 by substituting specific account descriptions and codes for fees relating to the regulation of joint stock companies, itemising registration, filing, inspection and copying, and other fees with defined major head, alphanumeric code, account code, serial code and source category check digit.

Notification amendment replaces serial entry to appoint Shri S.P. Talwar as Member and Deputy Governor, Reserve Bank of India.
The Central Government amends notification S.O. 147 (E) dated 21 February 1992 by substituting the entry at serial number 3 with Shri S.P. Talwar, Member, Deputy Governor, Reserve Bank of India, as recorded in S.O. 450 (E) dated 21 June 1996.

News agency specification under section 10(22B) recognizes Press Trust of India as eligible for tax exemption for specified years.
Central Government, exercising powers under clause (22B) of section 10 of the Income tax Act, 1961, specifies Press Trust of India Limited, Bombay, as a news agency set up in India solely for collection and distribution of news by Notification No. S.O.2332 dated 20 6 1996 for the assessment years 1997 98, 1998 99 and 1999 2000.

Import duty exemption revised: exemption covers customs duty and additional duty where claimed; non-claim treated as non-availment.
The notification amends prior exemption text to provide that imports are exempt from the whole of the Customs duty specified in the First Schedule and from the whole of the additional duty under section 3 where specifically claimed, subject to conditions; it replaces the proviso reference from "Chapter VI" to "Chapter VII" and inserts that failure to claim the additional duty exemption will be treated as not having availed the First Schedule duty exemption for calculating the additional duty.