Tax exemption for charitable institutions granted to Nathdwara Temple Board subject to compliance, investment and dissolution conditions.
Notification grants Nathdwara Temple Board tax-exempt status under clause (23C)(v) of section 10 for specified assessment years, subject to conditions: apply or accumulate income wholly and exclusively to its objects; restrict investments to modes specified in section 11(5) except specified voluntary contributions; exclude business income unless incidental with separate books; file returns regularly; and on dissolution transfer surplus and assets to a charitable organization with similar objectives.

Tax exemption notification for charitable society conditions status on application of income, investment limits and compliance filing.
Notification grants tax-exempt status to Cancer Relief Society, Cochin for specified assessment years conditioned on exclusive application of income to charitable objects, prescribed restrictions on forms of investment or deposit, exclusion of business income unless incidental with separate accounting, regular filing of income-tax returns, and transfer of surplus and assets on dissolution to a similar charitable organization.

Approval under section 35(1)(ii) requires separate research accounts, annual DSIR returns and audited research accounts by October.
M/s. M.S. Swaminathan Research Foundation is approved as a research association for 1 April 2001-31 March 2004 subject to maintaining separate research accounts, furnishing an annual scientific research return to the Secretary, Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited income & expenditure accounts for the research activities to the Director General of Income-tax (Exemptions), the Secretary, DSIR, and the Commissioner/Director of Income-tax (Exemptions) by 31 October annually, alongside filing the return of income; renewal applications must be submitted in triplicate.

Tax exemption under section 10(23G) granted to infrastructure developer, subject to compliance and audit requirements.
Approval is granted to M/s Rajahmundry Expressway Ltd for tax exemption under section 10(23G), read with rule 2E, for specified assessment years for its BOT project to develop, maintain and operate a four lane carriageway on National Highway No. 5. The approval is conditional on compliance with statutory provisions, maintenance of books, audit by an accountant and furnishing the required audit report; the Central Government may withdraw approval if the undertaking ceases the infrastructure activity or fails to meet the audit and reporting requirements.

Tax exemption approval under section 10(23G) granted with compliance and withdrawal conditions for telecom project.
Approval is granted to M/s Hughes Telecom (India) Limited for tax exemption as an eligible industrial undertaking for assessment years 2001-2002 to 2003-2004 in respect of its Basic Telephone Service project in the Maharashtra Telecom Circle under the governing license. The approval is conditional: the enterprise must comply with the statutory provision and implementing rule, and the Central Government may withdraw approval if the enterprise ceases the infrastructure activity, fails to maintain and audit books of account, or fails to furnish the required audit report.

Renewal of recognition: trading permitted only after Settlement Guarantee Fund approval and compliance with SEBI circulars.
Renewal of recognition to Coimbatore Stock Exchange Limited is granted for one year under the Securities Contracts (Regulation) Act, subject to conditions. Trading may commence only after obtaining final approval for and establishing a Settlement Guarantee Fund/Trade Guarantee Fund and confirming compliance with SEBI circulars.

Notification correction clarifies scope by replacing limited wording with 'wherever they occur' in a company law rule.
Corrigendum G.S.R. 651(E) dated 17 September 2002 amends the notification GSR 419(E) by substituting in rule 2 the phrase "at both the places where they occur" with "wherever they occur", thereby broadening the locational application of that wording wherever it previously appeared.

Prospectus declaration requirement mandates compliance with Companies Act and SEBI guidelines and prohibits contrary statements.
Amendment substituted the Part III Declaration in Schedule II to require compliance with the Companies Act, 1956 and relevant Government or Securities and Exchange Board of India guidelines, and to state that no prospectus contains statements contrary to the Companies Act, the Securities and Exchange Board of India Act, 1992 or rules or guidelines made thereunder; the notification is effective on publication pursuant to the enabling power in the Companies Act.

Specification of Water sports under income-tax clause confirms administrative designation and tax provision applicability.
The Central Government designates Water sports as a sport for the purposes of clause (23) of section 10 of the Income-tax Act, 1961 by Notification No. 264 dated 17 September 2002, effecting an administrative specification of the sport within the scope of the referenced income-tax clause.

Designation of Excise Officers as Customs Officers clarifies which officer ranks may perform customs functions in export oriented zones.
The notification substitutes the Table entry for S.No. 7 in Notification No.38/2001-Central Excise (N.T.), designating specified Central Excise officer ranks - Commissioner, Additional Commissioner, Joint Commissioner, Assistant Commissioner or Deputy Commissioner, and subordinate tiers - to act as Customs officers for Export Processing Zones, Special Economic Zones, and jurisdictions containing hundred percent export oriented undertakings, under the powers conferred by section 2(b) of the Central Excise Act, 1944 read with the Central Excise Rules, 2002.

Registration status of export oriented or EPZ units suspended where they procure or remove excisable goods to domestic tariff area.
The amendment revises the notification wording to cover hundred percent export oriented undertakings, units in Export Processing Zones, and units in Special Economic Zones licensed under the Customs Act, and inserts a proviso that such hundred percent export oriented undertakings or EPZ units shall not be deemed registered if they procure excisable goods from the domestic tariff area or remove excisable goods to the domestic tariff area.

Central Excise registration: officer designation changed and registration form replaced by regulatory amendment.
Amendment substitutes the registering officer reference from jurisdictional Superintendent to jurisdictional Deputy or Assistant Commissioner and replaces Annexure I with a revised Form A 1 for central excise registration, citing its entry into force and prior amendment history.

Exemption for manufacturers of dutiable and exempted products allowed after discharge of CENVAT Rule 6 obligation.
The amendment permits manufacturers of both dutiable and exempted final products to claim exemption for goods cleared (including job work) only after discharging their obligation under Rule 6 of the CENVAT Credit Rules, 2002, by inserting corresponding sub-clauses into the notification's opening paragraph and paragraph (2).

Export obligation period extended for EPCG licences to agri export zone units, allowing a longer timeframe to fulfil obligations.
A new provision inserts sub paragraph 5.5.2 into the Export and Import Policy, 2002 07 providing that EPCG licences issued to units in agri export zones are permitted a twelve year period from the date of licence issuance to fulfil the export obligation, thereby extending the compliance timeframe for those licences.

Customs exemption amendment requires Special Protection Group imports for operational purposes and certificate from Home Affairs officer.
The notification inserts an entry exempting all goods imported by the Special Protection Group where (a) the goods are for operational purposes and (b) the importer produces a certificate from a Ministry of Home Affairs officer not below the rank of Under Secretary confirming that purpose.

Rescission of anti dumping notification withdraws prior POY duty on specified imports, while preserving actions taken before rescission.
The Central Government, exercising powers under s.9A(2) of the Customs Tariff Act, 1975 read with rules 13 and 20 of the Customs Tariff Rules, 1995, rescinds Notification No. 131/2001 CUSTOMS relating to anti dumping duty on polyester Partially Oriented Yarn (POY) from Turkey and Korea, subject to preservation of actions undertaken or omitted prior to rescission.

Anti-dumping duty on partially oriented polyester yarn imposed, specified exporter-based rates and retrospective levy payable in domestic currency.
An anti-dumping duty was imposed on polyester Partially Oriented Yarn (POY) from Turkey and Korea RP after findings of dumping, material injury and cumulative causation; duties were prescribed by exporter and country, payable in Indian currency, effective from the provisional duty date, with exchange rate conversion governed by government finance notifications and the bill-of-entry date, and the measure was given a fixed period of validity.

Rescission of anti dumping duty removes prior duty on specified acrylic fibre, preserving prior acts and omissions under the notification.
The Central Government rescinds Notification No. 4/2002 CUSTOMS, removing the anti dumping duty on acrylic fibre below 1.5 denier originating in or exported from Italy, under powers conferred by the Customs Tariff Act and the Anti dumping Rules, with a savings clause preserving actions taken or omissions before rescission.

Anti-dumping duty on acrylic fibre from Italy imposed; exporter-specific rates set and duty effective from provisional date.
Imposition of anti-dumping duty on acrylic fibre below 1.5 denier from Italy follows final findings of dumping, injury and causation. Exporter-specific rates are prescribed (a rate for Montefibre and a higher rate for all other exporters), expressed in US dollars per kg but payable in Indian currency. The duty is leviable from the provisional imposition date, and the rate of exchange for conversion is as notified by the Ministry of Finance, with the relevant date being the bill of entry presentation date.

Excise exemption narrowed by excluding Chapter 24 goods and crude petroleum derived goods from notified benefits on clearance.
Amendment narrows a prior excise exemption by substituting the opening paragraph to exempt goods specified in the First and Second Schedules to the Central Excise Tariff Act, other than goods falling under Chapter 24 and goods produced from crude petroleum oils and falling under Chapter 27, when cleared from units located in designated Growth Centres, Infrastructure Development Centres, Export Promotion Industrial Parks, Industrial Estates, Industrial Areas, Commercial Estates or Scheme Areas.