Post Office Time Deposit amendment removes fixed maximum tenure restriction, enabling unspecified longer deposit terms under amended rule.
The amendment removes the phrase imposing a maximum-term limitation from rule 9 of the Post Office Time Deposit Rules, 1981, thereby withdrawing the regulatory ceiling on permissible time deposit tenure; the change is made under the rulemaking power of section 15 of the Government Savings Banks Act, 1873 and takes effect upon publication in the Official Gazette.

Post Office Monthly Income Account rules amended to remove the two-year maximum restriction from rule 9A.
The Central Government, exercising statutory power under section 15 of the Government Savings Banks Act, 1873, issues the Post Office (Monthly Income Account) Amendment Rules, 2011 (G.S.R. 741(E)), effective on publication in the Official Gazette. The amendment deletes the words "for a maximum period of two years" from rule 9A of the Post Office (Monthly Income Account) Rules, 1987, removing that temporal limitation.

Simple interest entitlement for retained post office recurring deposits after maturity clarified; monthly deposit timing rules updated.
Amendments require the first monthly deposit at account opening and set deadlines for subsequent monthly deposits based on the account opening date. They also entitle depositors who retain amounts beyond maturity, whose accounts are discontinued, or whose defaults remain unrectified, to simple interest at the rate for post office savings accounts from the date of maturity until account closure; Rule 9A's wording is changed to specify simple interest and Rule 11 is supplemented to secure the same entitlement after the completion of the required monthly deposits during the maturity period.

Electronic filing requirement: monthly VAT return annexures must be submitted electronically by registered non composition dealers.
All registered dealers, other than those under the composition scheme, who file monthly returns must electronically submit Annexure 2A and Annexure 2B along with Form DVAT-16 in the format and manner provided on the department's website; this requirement, issued under the Delhi Value Added Tax Act, applies from the return for the tax period beginning August 2011.

Appointment to assist Commissioner of Value Added Tax: R.L. Malhotra appointed Value Added Tax Inspector effective on assumption of charge.
Pursuant to powers under the Delhi Value Added Tax statute and rules, the notification appoints an individual to assist the Commissioner of Value Added Tax, effective from the date of assumption of charge, naming the appointee and assigning the post of Value Added Tax Inspector by executive order in the name of the Lt. Governor.

Appointment of Value Added Tax Inspectors to assist the Commissioner under the VAT Act, effective on assumption of charge.
The Lt. Governor, exercising powers under the Delhi Value Added Tax Act and its rules, appoints three named officers as Value Added Tax Inspectors to assist the Commissioner in administration of the Act, with appointments effective from the date of assumption of charge.

Appointment of VAT inspectors to assist the Commissioner under section 66 powers of the Delhi Value Added Tax Act.
Appointment of five Grade II (DASS) officials as Value Added Tax Inspectors to assist the Commissioner of Value Added Tax under the statutory powers conferred by the Delhi Value Added Tax Act and rule 47 of the Delhi VAT Rules, effective from the date of assumption of charge; appointments are made by order in the name of the Lt. Governor and issued through the Finance (Revenue 1) Department.

On-site post clearance audit: importer/exporter document production and cooperation required, with inspections and penalties for non-compliance.
Regulations require On-site Post Clearance Audit at importer/exporter premises including examination of import/export records, books of account and, where necessary, inspection and sampling of goods. Importers and exporters must retain relevant documents for five years, provide truthful information and assist proper officers. Proper officers must give at least fifteen days notice, may obtain prior information, visit premises, take samples in presence of the person and must inform of objections before preparing a draft audit report; voluntary payments of duty may be recorded and non-compliance attracts a specified penalty.

Anti-dumping duty on caustic soda from Korea RP imposed to offset dumped imports harming domestic industry.
The Central Government imposes an anti-dumping duty on caustic soda (subheadings 281511, 281512) from Korea RP measured as the difference between specified USD amounts per DMT and the landed value; a specific producer-exporter combination (M/s Hanwha Chemical Corporation / Tricon Energy Limited via M/s Hanwha Corporation) is treated separately, while other imports are assigned an amount of 366 USD per DMT. The duty is effective from Gazette publication up to and inclusive of 25 December 2013 and shall be paid in Indian currency, with "landed value" and rate of exchange defined for assessment.

Anti-dumping duty amendment removes prior duty entries on caustic soda imports from Korea, changing tariff application.
Central Government, invoking section 9A of the Customs Tariff Act and rules 18 and 20 of the Anti-dumping Rules, amends Notification No. 137/2008-Customs by omitting S. No. 1 to S. No. 5 and their entries in the Table concerning anti-dumping duty on caustic soda originating in or exported from the Republic of Korea, saving prior actions or omissions under the principal notification.

Exchange of Tax Information: Enables cross border provision of foreseeably relevant information for tax administration and criminal tax matters.
The Agreement under section 90 establishes a bilateral regime for the exchange of information between India and the British Virgin Islands, obliging competent authorities to provide, upon request, foreseeably relevant information for tax administration and enforcement, including ownership and financial institution data. It prescribes the required content of requests to demonstrate foreseeable relevance, timelines for acknowledgement and response, obligations to employ available information gathering measures subject to domestic law, permissible grounds for declining requests, confidentiality protections, cost allocation rules, implementing legislation, language of communication, and a mutual agreement procedure for resolving interpretation or implementation issues.

Deduction under section 35AC: notified social welfare projects approved for specified multi year tax deductions.
Notification under Section 35AC notifies specified institutions and approves particular social and economic welfare projects, specifying for each the estimated project cost and the maximum amount of that cost which may be allowed as a deduction under the provision, and fixes the period of approval (generally three financial years commencing with 2011-12, with limited exceptions).

Commencement of Amendment Act: Delhi VAT amendment appointed to come into force by official notification.
Under the authority of sub section (3) of section 1 of the Delhi Value Added Tax (Second Amendment) Act, 2011, the Lieutenant Governor, by notification of the Finance Department for publication in the Delhi Gazette, appoints the day on which the Act shall come into force, effectuating its commencement by official order.

Tariff value fixation sets per-tonne benchmarks in foreign currency for specified edible oils, brass scrap and poppy seeds.
The Board amends Notification No. 36/2001-Cus (N. T.) by substituting the Table to prescribe tariff values in foreign currency per metric tonne for specified imports, including grades of palm oil and palmolein, crude soyabean oil, brass scrap (all grades) and poppy seeds, thereby updating the benchmark schedule used for customs import valuation and assessment.

Scientific research expenditure exemption: CSIR approved subject to utilisation, audit, recordkeeping and withdrawal for noncompliance.
Approval of CSIR as an Other Institution for research expenditure exemption is granted subject to conditions: funds must be used for scientific research carried out by faculty or enrolled students; separate books of account for research receipts and applications must be maintained and audited by an accountant with the audit report filed by the income tax return due date; a separately certified statement of donations and amounts applied to research must accompany the audit report. The Central Government may withdraw approval for failures to maintain books, furnish audit report or certified donation statement, ceasing genuine research, or noncompliance with approval conditions.

Diesel price exclusion from taxable sale price limits VAT impact; commissioner may require deposit before objections are heard.
The amendment excludes from the sale price an amount equal to the increase in diesel (HSD) price and related duties from a specified reference level until government notification or price reversal, with carve-outs for subsequent increases and proportional effect on partial price declines, conditioned on benefit being passed to consumers. Procedural changes include textual revisions to Section 4 and Section 9 and a Section 74 proviso permitting the Commissioner, after hearing a dealer, to require a reasonable deposit of disputed amounts before entertaining objections.

Export ban on edible oils extended; branded consumer-pack exports and specified exemptions remain permitted under trade policy.
The export prohibition on edible oils is extended up to 30.09.2012 under powers conferred by the Foreign Trade Act, while pre-existing exemptions remain operative. Exemptions include castor oil, coconut oil from Cochin Port, deemed exports to 100% EOUs for non-edible production, oils from minor forest produce (specified ITC(HS) codes), and organic edible oils. Additionally, export of edible oils in branded consumer packs up to 5 kg is permitted from Custom EDI Ports for the stated period, subject to an overall quantity ceiling and unchanged packing and port conditions.

Foreign exchange conversion rates for customs fixed, governing import and export valuation under the Customs Act.
The Central Board of Excise and Customs determines the rate of exchange for specified foreign currencies for application to imported and exported goods under section 14 of the Customs Act, 1962, prescribing separate rates for import and export valuation and superseding the prior notification, effective from 1st October, 2011, with schedules listing the operative conversion rates.

Public financial institution status granted to Srei Infrastructure Finance Limited, adding it to the Companies Act institutional list.
Srei Infrastructure Finance Limited has been added to the statutory list of public financial institutions under the Companies Act, 1956 by a Central Government notification amending the prior Gazette entry; the amendment inserts a new serial entry naming the company and thereby brings it within the regulatory classification and administrative regime applicable to public financial institutions.

Takeover regulations: SEBI establishes framework to govern substantial share acquisitions and takeover oversight.
Establishes a regulatory framework titled Takeovers governing substantial acquisition of shares and takeovers, enacted by the Securities and Exchange Board of India under powers conferred by the SEBI Act, 1992, prescribing SEBI's authority to regulate acquisitions of shareholdings that trigger takeover obligations and to provide oversight for change in control transactions in the securities market.