Disinvestment of Public Sector Undertaking triggers single public-announcement regime with special pricing, disclosure and reversion conditions.
Amendments add definitions of disinvestment and Public Sector Undertaking, permit a single public announcement across successive acquisition stages where the acquirer and seller remain the same and disclosures are made in the first announcement and letter of offer, require the merchant banker to announce within four working days of execution of the Share Purchase or Shareholders' Agreement, set the relevant price-determination date as the day before the Central Government announces the successful bidder, provide an infrequently traded shares test tied to six month turnover under two percent, allow reversion clauses to the Central Government for non-compliance, and prohibit further public announcements after the Central Government enters into the sale agreement.

Restriction on whale shark imports: importation and trade in parts/products limited and subject to licensing under trade policy controls.
Amendment to the ITC(HS) classifications restricts import of whale shark (Rhincodon typus) and parts and products of this species, classifies the item as "Restricted" in Schedule 2 Table A and provides that trade is subject to licensing, with export permitted only against a licence under the Foreign Trade Policy.

Duty exemption for precious metal imports under REP licence allowed subject to Export and Import Policy and handbook conditions.
Exemption from customs duty and additional duty is granted for specified gold, platinum and silver and certain findings when imported under a Replenishment Licence issued against export of corresponding jewellery, subject to minimum fineness thresholds, permitted lower fineness findings within an aggregate licence value cap, conformity with the Export and Import Policy and Handbook of Procedures, and the Customs Tariff classification.

Account of removals: prescribed AC-1 form records transfers from FTZ/EOU/SEZ to domestic tariff area, detailing quantities and duty.
Prescribes the AC-1 form as the mandatory register for accounting removals from FTZ, EOU and SEZ to the Domestic Tariff Area, requiring recording of Commissionerate, Division, Range, unit details, date, description, opening balance, quantity manufactured, totals, quantities cleared, invoice number and date, closing balance, duty paid, remarks, and separate columns for transfers to the Domestic Tariff Area and for export.

Prescribed authority for charitable exemptions clarified: approvals to be by Chief Commissioner or Director General, limited-term approvals.
The rule substitutes the authority for approval of educational and medical institutions to the Chief Commissioner or Director General, with the Central Board retaining authority for pre operative applications; applications must be made in Form No. 56D and approvals are limited to a maximum of three assessment years, with an explanatory jurisdictional definition tying the designated authority to the Assessing Officer's supervisory chain and corresponding amendments to Form No. 56D notes.

Customs tariff valuation fixes import values for edible oils, metals and areca nuts using bill-of-entry exchange rates.
Tariff values are fixed for customs valuation of specified imported edible oils, brass scrap, gold, silver and areca nuts. Gold and silver values apply to specified forms and eligible imports, with stated exclusions for certain post, courier and baggage imports. Gold findings include small components used to secure jewellery. Foreign currency coins, silver jewellery and articles made of silver are excluded from "silver in any form". Tariff values must be converted using the applicable customs exchange rate determined on the bill-of-entry presentation date.

Rescission of provisional anti-dumping notification ends provisional measures after imposition of final anti-dumping duty on dry cell batteries.
The Central Government rescinds the provisional anti-dumping notification No.14/2001-Customs relating to dry cell batteries following levy of a final anti-dumping duty, terminating the provisional measures prospectively while preserving actions taken or omissions occurring before the rescission, pursuant to the statutory anti-dumping rule framework.

Anti-dumping duty on dry cell batteries imposed, charged as the difference between reference value and landed value.
Anti-dumping duty is imposed on R6/AA/UM3 primary pencil cells and batteries from China because they were exported below normal value and caused material injury; the duty equals the difference between a specified reference value and the landed value (assessable value under the Customs Act, excluding certain tariff duties), is payable in Indian currency, applies from the provisional duty date for a prescribed term, and uses government-published exchange rates applicable on the bill of entry date.

Capital goods import duty under EPCG Scheme set at reduced rate with export obligation multipliers and spares capped
Capital Goods under EPCG (including jigs, fixtures, dies, moulds and spares) may be imported at 5% customs duty subject to an Export Obligation of five times CIF on FOB basis or four times CIF on NFE basis to be fulfilled over eight years from licence issuance; spares imports are restricted to 20% of the licence CIF value and NFE calculation follows paragraph 12.6 of the Policy.

Jurisdiction assignment to Directors General centralizes exercise of income-tax powers over specified territories and officers, replacing prior allocations.
Notification under Section 120(1) and (2) designates specified Directors General of Income Tax (Investigation), with headquarters listed, to exercise the powers and perform the functions of the named Commissioners and Directors of Income-tax for the territorial areas and classes of cases set out in the Schedule, superseding earlier notifications except as to prior acts, and taking effect from 1-8-2001.

Territorial jurisdiction of income-tax authorities reallocated with structured delegation to commissioners, joint commissioners and assessing officers.
Central Board of Direct Taxes directs Commissioners of Income-tax, as listed in Schedule I, to exercise specified powers over designated territorial areas, persons and classes of income, and directs Commissioners in Schedule II to cover residual cases not assigned in Schedule I. Commissioners may authorise Joint Commissioners, who may in turn authorise Assessing Officers, by written orders. The notification defines 'residing' for various person types, allocates special subject-matter jurisdictions (e.g., salaries, professions, entertainment industry, stock-exchange participants), and fixes the commencement date while superseding earlier notifications prospectively.

CENVAT credit entitlement expanded: inputs and capital goods from specified zones treated as fully creditable despite exemption notifications.
The amendment to rule 10 of the CENVAT Credit Rules, 2001 provides that where a manufacturer has cleared inputs or capital goods in terms of specified Central Excise notifications for the North East region and Kutch district, the CENVAT credit on such inputs or capital goods shall be admissible as if no portion of the duty paid on them was exempted under those notifications.

Customs tariff correction replaces 'mm' with 'm' in specified tariff table column, amending an earlier notification.
Corrigendum directing that every instance of the unit designation "mm" in the identified column of Table I of the earlier customs notification is to be read as "m", effecting a textual correction to the tariff schedule.

Exemption conflict rule: prior notifications inapplicable where a manufacturer availed exemption under Notification 39 in same year.
The notification amends Notifications 8/2001-CE, 9/2001-CE and 24/2001-CE by inserting a proviso that those notifications shall not apply to a manufacturer who has availed the exemption under Notification No. 39/2001-Central Excise dated 31st July, 2001 in the same financial year.

Excise exemption for Kutch manufacturing units allows duty relief tied to value addition, subject to certification and procedural safeguards.
Exemption provides an excise-duty holiday for goods cleared from new manufacturing units in Kutch district, substituting duty payment with refund or account credit equivalent to duty attributable to value addition as determined by specified presumptive rates in the Table or by a Commissioner-fixed special rate. Relief is subject to certification of new unit status and original investment, utilization of CENVAT credit prior to exemption where applicable, monthly statements, verification, and recovery with interest if investment declarations are inaccurate; the exemption is time limited and excludes listed goods.

Corrigendum removing phrase alters exemption form: deletion of 'without the aid of power or steam' modifies eligibility.
Corrigendum directs deletion of the phrase "without the aid of power or steam" wherever it occurs in the first paragraph of Form ASP II of Notification No. 34/2001-CE, thereby altering the operative wording that qualified eligibility under the miscellaneous exemptions in the Central Excise tariff notification.

Jurisdiction delegation centralises income tax authority in Chief Commissioners, with cascading authorisations for PAN matters to subordinate officers.
The notification delegates to Chief Commissioners listed in Schedule I the powers and functions of specified Commissioners of Income-tax for the territorial areas, persons, incomes or cases enumerated. Schedule II assigns jurisdiction over permanent account number matters to designated Chief Commissioners and provides that they may authorise Commissioners, who may further authorise Joint Commissioners, who in turn may authorise subordinate Assessing Officers to exercise PAN-related powers.

Shelf-life requirement for imported food governed by Prevention of Food Adulteration Act mandates substantial remaining shelf life at import.
Import of edible food products governed by the Prevention of Food Adulteration Act must have a minimum remaining shelf life at import, calculated from label declarations of manufacture date and expiry date against the product's original shelf life.

Sanitary import permit requirement imposed for imports of meat and animal origin products under amended live stock importation rules.
Importation of meat and animal origin products is made subject to a mandatory sanitary import permit to be issued by the competent animal health authority under the Live Stock Importation Act amendment; this new requirement is inserted as a General Note in the ITC(HS) Classifications, creating a pre import compliance obligation within the Foreign Trade Policy.

Anti-dumping duty rescission under Customs Tariff powers rescinds prior notification and alters anti-dumping administration.
The Central Government, exercising powers under the Customs Tariff Act and the rules for identification, assessment and collection of anti-dumping duty and determination of injury, rescinded an earlier customs notification issued in January, withdrawing that administrative instrument governing anti-dumping duty procedures.