Designation of Appellate Commissioner: Commissioner of Income-tax (Appeals) to hear appeals from specified assessing officers in Calcutta.
The Chief Commissioner designates the Commissioner of Income-tax (Appeals)-VI, Calcutta to perform appellate functions in respect of persons assessed to income-tax, wealth-tax, gift-tax, surtax, interest-tax, expenditure-tax or estate duty where aggrieved by orders specified under the relevant provisions of the Income-tax Act and allied statutes, limited to assessments made by the assessing officers under Deputy Commissioner Range-7, Special Range-I and Range-22 in Calcutta.

Exchange rate determination fixes conversion rates for export goods and supersedes the prior notification effective from September.
Determination of exchange rates for conversion between specified foreign currencies and Indian rupees for export goods, effective 1 September 1998, superseding Notification No. 46/98-NT-Customs; the rates set out in Schedule I (per one unit) and Schedule II (per 100 units) constitute the operative conversion rates for the listed currencies. This instrument applies to export goods and was later rescinded by Circular No. 04/2026-Customs with effect from 1 February 2026.

Exchange rate determination for calculating stamp duty and customs valuation on imported goods, superseding prior notification.
Prescribes official exchange rates for converting specified foreign currencies into Indian rupees for calculating stamp duty and for Customs Act purposes relating to imported goods, effective from 1st September, 1998, and superseding the earlier notification; rates are set out in two appended schedules (per unit and per 100 units) to be used in legal and administrative calculations.

Customs amendment revises inland container depot entry to permit unloading of imports and loading of exports.
Amendment substitutes the entry for serial number 12 (Uttar Pradesh) in the Table to Notification No. 12/97 Cus. (N.T.), replacing the entry in column 4 against entry (iv) with: "Unloading of imported goods and loading of export goods", thereby modifying the permitted activities at the listed inland container depot.

EPCG scheme scope expanded to include bio-tech products and sectors, modifying exemption conditions and provisos.
Amendment expands the scope of the EPCG scheme by adding bio-tech products to the proviso to paragraph 1 and substituting wording in paragraph 2 so that the provisos to condition (2) and condition (5) include "bio-tech sectors" alongside viticulture, poultry and sericulture, thereby adjusting eligibility and exemption wording for imports under the scheme.

DEPB scheme amendment expands listed ports to include Jodhpur, altering condition (iv) of the notification.
The Central Government, exercising power under section 25(1) of the Customs Act, 1962, amends Notification No. 34/97-Customs by substituting in condition (iv) the words "Guntur and Varanasi" with "Guntur, Varanasi and Jodhpur," thereby including Jodhpur in the DEPB scheme's listed locations for import and export through the Port of Jodhpur.

Rebate of duty on exported excisable goods excludes specified non-alloy steel products when excise is paid under section 3A.
The amendments exclude specified non-alloy steel ingots, billets and hot re-rolled products (identified by tariff sub-headings) from the rebate of duty on exported excisable goods where excise duty has been paid under section 3A. Notification 41/94 is updated to add these items to its Table; Notification 50/94 is reworded to substitute an express exclusion of those steel products from the rebate provision.

Rebate of duty on steel exports to Nepal: exporters eligible for a percentage of export price capped by Nepal import duties.
Rebate of duty is granted on specified non-alloy steel ingots, billets and hot re-rolled products exported from India to His Majesty's Government of Nepal, subject to excise duty having been paid, direct export from a factory or warehouse, compliance with prescribed procedures, and restriction to specified land border checkposts; the rebate equals a percentage of the export price but is capped at the aggregate of Nepal's Customs and Additional Customs duties on imports from countries other than India.

Export rebate on inputs adjusted; specified steel items receive limited invoice price rebate and procurement restricted for dutiable materials.
Amendment narrows procurement from the open market by excluding materials on which excise duty has been paid, establishes an invoice price definition tied to direct bank payment by the final product manufacturer, and substitutes the rebate Table: full rebate for most inputs used in export manufacture, but a limited invoice price rebate for specified non alloy steel ingots/billets and hot re rolled steel products where duty has been paid.

Export duty rebate for specified excisable goods conditioned on duty payment, timely export, proof and administrative approval.
Rebate of excise duty on exportation (except to Nepal and Bhutan) is allowed for specified goods per the Table, subject to duty having been paid under the relevant excise provision, direct export from factory or warehouse under Chapter IX, export within six months or permitted extension, timely lodging of claim with jurisdictional Assistant/Deputy Commissioner with proof of export within statutory limits, market price at export not less than rebate claimed, a minimum admissible rebate threshold, and cancellation of export documents if export or proof is not furnished to the satisfaction of the officer. A formula for monthly average rate of rebate and capped rates for processed textile fabrics are included.

Duty rebate restriction where exporters claim drawback or credit, preventing duplicate relief for the same excise duty.
The substituted rule denies rebate of duty on excisable materials used in manufacture of exported goods if the exporter avails drawback under the Customs and Central Excise Duties Drawback Rules, 1995 or avails credit of that duty under the credit mechanism of the Central Excise Rules, thereby preventing concurrent receipt of multiple forms of relief for the same duty.

Withholding tax limits on cross border dividends, interest and royalties restricted under the treaty, with mutual relief mechanisms.
Bilateral convention between India and the Russian Federation allocates taxing rights on income of residents, defines residency and permanent establishment rules, attributes business profits to permanent establishments on an arm's length basis, and prescribes source taxation regimes for dividends, interest, royalties and fees for technical services subject to limited source taxation and exemptions. It provides methods for elimination of double taxation, a mutual agreement procedure for disputes, exchange of information with confidentiality safeguards, a non discrimination rule, and protocol modifications addressing international transport, supervisory activities on projects and permissible rate differentials for permanent establishment taxation.

Exclusion of neighbouring countries from return filing travel requirement clarifies which cross border visits do not trigger filing.
The Central Board of Direct Taxes specifies that the phrase "travel to any foreign country" for the purposes of the obligatory filing of income tax returns does not include travel to a defined set of neighbouring countries, thereby excluding such visits from the statutory travel based return filing trigger and prescribing the territorial scope of that exception.

Obligatory filing exemption: travel for specified pilgrimages abroad is not treated as foreign travel for return filing.
Travel to Saudi Arabia for Haj pilgrimage organised by the Central Haj Committee, Mumbai, and travel to China for the Kailash Mansarovar pilgrimage organised by the Ministry of External Affairs are specified as places of pilgrimage and shall not be regarded as travel to a foreign country for purposes of the obligation to file income-tax returns.

Obligatory income-tax return filing exemption for specified non-residents and seniors not engaged in business, clarifying applicability.
Notification under the second proviso to section 139(1) excludes from the obligatory filing of returns two classes: non residents falling within the first proviso's specified conditions and individuals aged sixty five or over not engaged in business or profession, in relation to particular clauses of that first proviso.

Cost Inflation Index values are prescribed financial-year-wise for indexation under the Income-tax Act.
The Central Government specifies the Cost Inflation Index under the Explanation to section 48 of the Income-tax Act, 1961, having regard to seventy-five per cent of the average rise in the Consumer Price Index for urban non-manual employees. A financial-year-wise table prescribes index values from 1981-82 through 2016-17. Subsequent notifications inserted entries from 1999-2000 to 2016-17, extending and updating the prescribed Cost Inflation Index table.

Depreciation rates updated for float glass melting furnaces under Companies Act; new single-shift WDV and SLM rates prescribed.
The Central Government, under Section 641(1) of the Companies Act, 1956, amended Schedule XIV by inserting an asset entry "Float Glass Melting Furnaces [NESD]" under Plant and Machinery and prescribing its depreciation treatment: single-shift Written Down Value and Straight Line Method rates are set in the schedule while double- and triple-shift columns for that entry remain unfilled; the amendment is notified as G.S.R. 500(E) dated 18-8-1998.

Commissionerate jurisdiction redefined, reallocating specified talukas and districts between two commissionerates effective on Gazette publication.
Amendment revises territorial allocation by substituting entries so that one commissionerate covers the City taluka and Daskroi taluka in Ahmedabad district and the other commissionerate covers the remainder of Ahmedabad district together with specified neighboring talukas and districts; the change takes effect upon publication in the Official Gazette and redefines commissionerate boundaries for central excise administration.

Import liberalization: restriction on large rolls or sheets withdrawn, restoring permissive import treatment under foreign trade policy.
The DGFT withdrew the amendment effected by Notification No. 3(RE-98)/97-02 that had deleted the permissive entry for imports of large rolls or sheets under the relevant tariff heading, restoring the prior free import treatment. The withdrawal was made under the powers of the Foreign Trade (Development and Regulation) Act and Export and Import Policy provisions and issued in the public interest by notification dated 17 August 1998.

Rescission of anti-dumping notification rescinds prior exemption for bisphenol-A imports from Japan under customs powers.
The Central Government rescinds a prior customs notification granting an exemption for imports of Bisphenol A from Japan, exercising powers under sub section (1) of section 9A of the Customs Tariff Act, 1975 and rule 18 of the Anti dumping Rules, 1995, on grounds of public interest and thereby withdrawing the earlier Notification No. 102/94 Customs published in the Gazette.