Long Term Infrastructure Bond sets issuer eligibility, tenure and lock in, PAN, yield cap, end use and reporting obligations.
Specifies Long Term Infrastructure Bond for deduction under section 80CCF with named eligible issuers, an issuance limit tied to prior year incremental infrastructure investments (broadly defined), mandatory PAN for subscribers, a minimum tenure and investor lock in with post lock in exit and pledging options, a yield cap linked to government securities as per FIMMDA, and mandatory end use for RBI defined infrastructure lending with auditor certification and filing of term sheets to the Infrastructure Division.

Service tax exemption scope expanded to include authorised person alongside sub-broker in securities transactions under amendment.
The amendment inserts the words "or authorised person, as the case may be," after "provided by a sub-broker" in Notification No. 31/2009-Service Tax, thereby including authorised persons alongside sub-brokers within the exemption for services in relation to the sale or purchase of securities on a registered stock exchange. The amendment takes effect on publication in the Official Gazette.

Minimum export price set for onions; unified higher floor applies to all varieties, effective immediately under Foreign Trade Policy amendment.
Amendment to the Foreign Trade Policy replaces prior DGFT MEP entries and fixes a single Minimum Export Price for all onion varieties, including Bangalore Rose and Krishnapuram, applicable per metric ton F.O.B., effective immediately, thereby harmonising export floor pricing and superseding the earlier differentiated MEPs.

Anti dumping tolerance: amended width tolerances for mill edged and trim edged cold rolled stainless steel govern duty application.
Amendment to Notification No.14/2010 Customs adds width tolerances for cold rolled flat stainless steel: +30 mm for mill edged products with specified width of 1000 mm or more up to 1250 mm, and +4 mm for trim edged products with specified width exceeding 1000 mm up to 1250 mm; incorporated pursuant to the Designated Authority's mid term review and applied under the Customs Tariff framework.

SAFTA origin exemption: customs duty relief for qualifying goods from least developed SAARC members when origin is proven.
The notification exempts goods listed by tariff classification when imported into India from specified Least Developed SAARC member countries from customs duty, provided the importer proves to the satisfaction of the Deputy or Assistant Commissioner of Customs that the goods originate in the listed country in accordance with the Rules of Origin under SAFTA; entitlement requires both tariff-line coverage as described in the Table and certified origin under the SAFTA Rules of Determination of Origin.

Land frontier amendment: new Sabroom-Anandpara/Ramgarh land crossing via River Feni added to customs notification schedule.
Amendment to the central customs notification inserts a new land frontier entry adding Sabroom in South Tripura District opposite Anandpara (India)-Ramgarh (Bangladesh) via the River Feni into the table of designated land frontier points, effected under the powers granted by the Customs Act to modify the schedule of recognized crossings for customs administration.

Exemption for UPSC allowances and perquisites clarified, covering serving and retired members and applied retrospectively.
Notification under clause (45) of section 10 identifies specified exempt allowances and perquisites for Union Public Service Commission members: for serving members, rent free official residence, conveyance including transport allowance, sumptuary allowance, and leave travel concession; for retired members, a monthly sum for orderly and secretarial assistance and a residential telephone facility with an allocation of free calls. The notification is effective retrospectively from 1 April 2008.

Electronic tax payment requirement: DVAT payments must be made through specified banks' e payment portals, with electronic challan proof.
Dealers with monthly or quarterly tax periods must pay DVAT liabilities electronically via authorised banks' e payment portals; the Part C challan with a unique 19 digit CIN serves as proof of payment for return compliance, dealers/TAN holders obtain signed stamped Part D from the bank, deposits are credited after Reserve Bank confirmation, and banks must comply with Information Technology Act security provisions.

Double taxation agreement adoption establishes residency, permanent establishment rules, withholding caps and information exchange framework.
The Central Government, exercising powers under Section 90A of the Income tax Act, adopts the Agreement between India Taipei Association and the Taipei Economic and Cultural Center for avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income; the Agreement applies to residents of the two territories and taxes on income, sets rules on residence, permanent establishment, source taxation (including withholding caps for dividends, interest and royalties/fees for technical services), elimination of double taxation, mutual agreement procedure, exchange of information and assistance in tax collection, and contains limitation of benefits and termination provisions.

Customs duty exemption extension: terminal date for sugar exemption extended by amendment to Notification No.21/2002.
Amendment to Notification No.21/2002 Customs substitutes the earlier terminal date in clause (m) of the proviso to the preamble with a later terminal date, thereby extending the period of basic customs duty exemption for imports of raw sugar and white/refined sugar under that notification.

Import quota for marble from Bhutan set as a single annual ceiling, effective immediately with allocation by Bhutan.
A combined annual quota for marble imports from Bhutan is established for entries under the relevant HS chapters, fixed at ten lakh square feet (5882 metric tonnes), effective immediately on a financial year basis, with monitoring and allocation to be undertaken by the Government of Bhutan through amended Import Licensing Notes in the ITC (HS) schedule.

Exchange of information expanded: protocol requires mutual tax information gathering and sharing, including financial institution-held data for tax administration.
The Second Protocol replaces Article 28 to require competent authorities to exchange information foreseeably relevant for implementing the Agreement or administering and enforcing domestic tax laws, subject to confidentiality and use restrictions limited to persons and authorities concerned with assessment, collection, enforcement, prosecution, appeals and oversight. It obliges States to employ information gathering measures even without domestic interest, while preserving limitations where information is unobtainable under law or would disclose protected trade secrets or contravene public policy, and disallows refusal solely because information is held by banks or fiduciaries.

Asset management company activity restrictions require segregation, disclosure and investment limits, with infrastructure debt fund framework introduced.
Amendments restrict asset management companies from acting as trustees and limit non-core activities to specified management and advisory services subject to segregation of accounts, capital adequacy, conflict-of-interest disclosure and mitigation, separate fund managers, and independence of remuneration; they ban AMC investments in their schemes without prior disclosure and prohibit core operations overseas with a wind-up requirement. The regulations introduce consolidated monthly and half-yearly account statements, expand permissible infrastructure debt investments, and create a detailed regulatory chapter for Infrastructure Debt Fund Schemes covering eligibility, investment limits, valuation, governance, disclosures and reporting.

Renewal of recognition under the Securities Contracts (Regulation) Act granted subject to SEBI compliance and specified circular.
Renewal of recognition to Pune Stock Exchange Limited is granted under Section 4 of the Securities Contracts (Regulation) Act for a one-year period in respect of contracts in securities, subject to conditions and any further conditions SEBI may impose. The Exchange may commence trading only after complying with all SEBI regulatory requirements and the specific SEBI circular referenced.

Safeguard duty imposed on imports of N1, 3 dimethyl butyl N'phenylenediamine to protect domestic producers from injury.
The Central Government, under section 8B(1) of the Customs Tariff Act read with rules 12 and 14 of the Safeguard Rules, imposes safeguard duty on N1, 3 dimethyl butyl N'phenylenediamine (PX 13/6 PPD) classified under tariff items 3812, 3810, 2921, 2925, 2934 and 2942. The duty is thirty percent ad valorem minus any anti dumping duty for the first year and twenty five percent ad valorem minus any anti dumping duty for the second year. Imports from developing countries notified under section 8B(6)(a) are excluded, except China PR.

Tariff value fixation updated for specified palm and soybean oils, brass scrap and poppy seeds under Customs Act.
The Board, exercising powers under the Customs Act, substitutes the prior tariff Table with a revised Table that fixes declared tariff values in US dollars per metric tonne for specified imported goods including crude palm oil, RBD palm oil, palmolein variants, crude soyabean oil, brass scrap and poppy seeds, with certain oil entries noted as unchanged, thereby establishing reference values for customs assessment and import valuation.

VAT exemption for diplomatic purchases: embassy official and diplomats' personal purchases made eligible for refund and exemption.
Amendment to the Sixth Schedule adds the Republics of El Salvador and Costa Rica to Part A, providing exemption/refund of VAT for official embassy purchases in New Delhi and personal purchases of their diplomats; El Salvador effective w.e.f. 25.10.2010, Costa Rica with immediate effect, and a minimum invoice value for refund for Costa Rica is specified as Rs. 1500.

Incorporation of Indian Accounting Standards expands the catalogue of standards governing corporate financial reporting obligations.
Insertion of Indian Accounting Standards into the Companies (Accounting Standards) Rules, 2006 by government notification formally incorporates the listed Ind AS into the statutory accounting framework applicable to companies, expanding the catalogue of standards governing corporate financial reporting and disclosure obligations under the Companies Law.

Customs exchange rates set for conversion into Indian currency, establishing separate import and export valuation rates under customs law.
The Central Board of Excise and Customs determines Customs exchange rates for conversion between specified foreign currencies and Indian rupees for customs valuation, effective from 1 September 2011, superseding the earlier notification; Schedule I sets per unit rupee equivalents for various currencies with separate rates for imported and export goods, and Schedule II sets the rate for 100 units of Japanese Yen for import and export valuation.

Amendment to notification under Income-tax Act: redefined subordinate officer list for Director General of Income-tax (Investigation), Chandigarh.
Amendment replaces serial number 9 in Schedule-I to the notification, designating the Director General of Income-tax (Investigation), Chandigarh and specifying associated subordinate offices: Commissioner of Income-tax (Central), Ludhiana; Director of Income-tax (Investigation), Panchkula; Director of Income-tax (Investigation), Ludhiana; Commissioner of Income-tax (CIB), Chandigarh; and Commissioner of Income-tax (Central), Gurgaon.