Interwarehousing movement without payment extended to an additional port location, permitting removal of specified mineral oil products under rule provisions.
The Central Government, under sub-rule (2) of rule 49 and rule 139 of the Central Excise Rules, rescinds Notification No. 299/83-C.E. and amends Notification No. 266/67 by inserting Paradeep (Orissa) into paragraph 2, clause (i), thereby extending removal without payment and interwarehousing movement privileges for specified goods of Chapters 27 and 29 to a licensed warehouse at Paradeep.

Invoice as duty paying document: statutory amendment extends permitted period under rule 57G proviso.
Amendment under the first proviso to sub rule (2) of rule 57G substitutes a later calendar date in the last paragraph of Notification No. 21/94 Central Excises (N.T.), thereby extending the period during which an invoice is recognised as the duty paying document under Modvat; the amendment effects only the substitution of the previously specified date with the new date.

Exemption for missile development goods updated: authorised official redesignated and three public sector units added to eligible list.
The notification amends the customs exemption for the Missile Development Programme by substituting the designated certifying official with the Member-Secretary, Programme Management Board of the Integrated Guided Missile Development Programme and by adding three specified industrial units to the Table of eligible recipients, thereby expanding entitlement to customs exemption under the original notification.

Power to punish for contempt: formal notification designates a law officer to exercise contempt authority under the MRTP framework.
The Central Government, invoking clause (b) of section 13B of the Monopolies and Restrictive Trade Practices Act, 1969, has notified the First Additional Solicitor General of India to perform the functions specified in that clause, thereby designating the law officer empowered to deal with contempt matters under the Act.

Specified management institutes recognized for tax exemption under Income Tax law; four premier management institutes listed.
Central Government specifies certain management institutes for the purposes of the tax-exemption clause in section 10 of the Income-tax Act, identifying four Indian Institutes of Management and recording their registration particulars and dates in Notification S.O.475(E) dated 28-6-1994.

Service tax compliance: mandatory registration, deposit and quarterly reconciliation with assessment and appeal procedures under prescribed forms.
Service tax administration requires registration of persons responsible for collecting service tax with a designated Central Excise Officer, maintenance of records, monthly deposit of tax collected to a designated bank and quarterly submission of prescribed returns reconciling provisional deposits and actual collections. Central Excise Officers assess tax and interest on returns, may call for additional documents, adjust payments against assessed liabilities with deficiencies payable and excess refundable, and appeals are governed by prescribed forms, copy requirements and filing procedures to Collector (Appeals) and the Appellate Tribunal.

Service tax commencement: Chapter V of the Finance Act made operative, triggering service tax levy from the appointed commencement date.
The Central Government, exercising powers under the Finance Act, 1994, appoints a commencement date for Chapter V by notification, thereby making the Chapter's provisions operative and rendering the statutory levy of service tax effective from that appointed date.

Exchange rate determination for export goods fixes specified foreign-currency to rupee conversion rates for customs valuation.
The Central Government, under the Customs Act, determines specified foreign-currency-to-Indian-rupee conversion rates for export goods effective 1 July 1994, superseding the earlier notification. The notification prescribes rates in two schedules: Schedule I for one unit of certain currencies and Schedule II for one hundred units of others; those listed rates are to be used for customs conversion and valuation of export goods.

Exchange rate determination prescribed for stamp duty and customs import valuation, with specific currency rates set by notification.
Prescribes exchange rates for specified foreign currencies to be used for converting foreign currency and Indian rupees for stamp duty calculations under the Indian Stamp Act, 1899 and for purposes of section 14 of the Customs Act, 1962 in relation to imported goods, superseding an earlier notification and specifying the applicable rates in two appended schedules.

Modvat credit under rule 57J extended to waste of synthetic filament, expanding eligible inputs for input credit.
Amendment extends modvat credit eligibility to include waste of synthetic filament by substituting references in both column (1) and column (2) of the Table annexed to the earlier notification, thereby bringing the synthetic filament waste sub heading within the listed headings eligible for input credit under the rule 57J authority.

Modvat extended to waste of synthetic filament, bringing that classification within the input tax credit notification.
The Central Government amended a prior Central Excise notification by substituting text in the annexed Table to include sub-heading 5401.10 alongside heading 53.04, thereby extending Modvat eligibility to waste of synthetic filament within the notification's input tax credit framework.

Excise duty on spandex yarn imposed by tariff amendment, adding a tariff entry and ad valorem duty obligation.
The Central Government amended an earlier excise notification to insert a new tariff table entry classifying Spandex Yarn under a specified tariff heading and prescribing a 10% ad valorem excise duty, thereby bringing Spandex Yarn within the excise charge regime by adding the new serial entry to the annexed Table of the notification.

Waste of synthetic filament exemption extended for captive consumption and job work use in manufacture of specified goods.
Exemption for waste of synthetic filament under tariff heading/sub heading 5401.10 is added to earlier Central Excise notifications so that such waste is exempt when captively consumed in the manufacture of specified goods or when manufactured as job work and used in the manufacture of specified goods.

Licence validity requirement conditions import exemptions for materials for manufacture, subject to transitional arrangements under Commerce notification.
The amendment requires that licences for materials imported for use in manufacture to supply public sector purchasers must have been issued prior to the specified cutoff to qualify for customs exemption, except where licences were issued under the Commerce Ministry's specified transitional arrangements.

Drawback restriction: drawback barred where Self Declared Pass Book issued without item quantity restrictions under customs rules.
The amendment to Notification No. 299/92-Customs replaces condition (v)(c) to provide that drawback has not been claimed either under section 74 of the Customs Act, 1962 or under the Customs and Central Excise Duties Drawback Rules, 1971 where the Self Declared Pass Book has been issued without quantity restrictions for each item of import, making absence of prior drawback claims a condition for exemption.

Export obligation revised to require discharge by exporting goods manufactured in India under specified advance licence conditions.
The amendment substitutes the export-obligation condition to require discharge within the certificate period or any extended period granted by the Licensing Authority or the Director General of Foreign Trade by exporting goods manufactured in India for which Central Excise facilities have not been availed in respect of materials permitted under the advance licence, and clarifies that quantity based advance intermediate licences may cover manufacture and supply to holders of special imprest licences producing specified final goods.

Export duty exemption for finished wool-on-leather made from imported hides by EOUs and FTZ units upon export.
The notification exempts finished wool-on-leather manufactured from imported leather by a hundred per cent export oriented undertaking or by a unit within a free trade zone from the whole of the customs duty specified in the Second Schedule when exported out of India, applied to goods under heading No. 14 of the Customs Tariff Act and issued under the powers of the Customs Act.

Partial excise exemption for specified fuel inputs when duty exceeds consumption linked liability under manufacture rules.
Partial excise exemption applies to kerosene, LPG and other petroleum gases when used to manufacture specified end products by exempting duty in excess of that attributable to the quantity actually consumed. Eligible consumption is calculated by deducting from quantities received the amounts returned to the refinery or supplying factory (including mineral oil generated in manufacture and returned under declaration), and that consumption figure determines the exemptible portion of duty.

Tax exemption for specified tax-free secured bonds under section 10(15)(iv)(h) requires mandatory holder registration to qualify.
Central Government specifies a series of tax-exempt secured non-convertible bonds (seven-year tenor, ten per cent coupon, distinctive numbering) as qualifying under clause (15)(iv)(h) of section 10 of the Income-tax Act. The tax exemption is admissible only if the holder registers his name and his holding with the issuing corporation, making registration a mandatory condition for the benefit.

Specification under section 80L: Government designates secured five year non convertible redeemable bonds issued by Indian Railways Finance Corporation.
Central Government, under clause (ii) of sub section (1) of section 80L of the Income tax Act, specifies the VIII Series five year taxable secured redeemable non convertible bonds issued by Indian Railways Finance Corporation Limited, identifying denomination, aggregate issuance and a defined range of distinctive bond numbers for the purpose of that clause.