Preferential tariff concessions for Chile-origin imports apply to specified goods subject to rules of origin and listed duty reductions.
Tariff concessions are granted on specified goods imported into India from the Republic of Chile under the India-Chile Preferential Trading Agreement. The exemption applies to goods listed in the table, subject to proof of Chilean origin under the prescribed rules of origin. The notification defines applied rate of duty to include basic customs duty, Agriculture Infrastructure and Development Cess, and any other applicable customs exemption notification.

Additional Customs duty practice clarified: past non-levy means recovery of that additional duty is not required for affected imports.
Clarification that, where an established administrative practice resulted in non-levy of the additional duty of Customs under the Customs Tariff Act on specified goods during a prior period, the Government directs that the additional duty which would have been payable but for that practice shall not be required to be paid for imports on which the duty was not levied during that period, aligning recovery with the prevailing practice.

Duty payment deadline extended by one day for payments made via internet banking; other methods retain existing deadline.
Amendment differentiates excise duty payment timelines by payment mode: payments made electronically via internet banking are due one day later than the prior uniform deadlines, while payments by other methods retain the existing deadlines; the amendment is effective upon publication in the Official Gazette.

Special Economic Zone notification designating land at Old Mahabalipuram Road for IT/ITES development under SEZ Act.
The Central Government notified specified land parcels at Old Mahabalipuram Road, Navallur Village, Chengalpet Taluk, Kancheepuram District as a sector specific Special Economic Zone for information technology and information technology enabled services for M/s. ETA Technopark Private Limited, following grant of approval under the Special Economic Zones Act and applicable SEZ Rules, and listing survey numbers and their extents comprising the total declared area.

Export prohibition exemption permits MMTC to ship pulses to Mauritius under amended trade policy.
The amendment adds a provision to Paragraph 3 of the earlier notification creating a targeted export prohibition exemption: the prohibition shall not apply to the export of pulses to the Republic of Mauritius by MMTC, authorising that specific shipment despite the general restriction.

SCOMET export controls: regulated exports require an export licence and compliance with category specific conditions and notifications.
The notification amends Appendix 3 (SCOMET) to impose immediate, category wise export controls: items listed are exportable only against an export licence unless expressly prohibited or permitted without licence subject to stated conditions. It establishes technical definitions and thresholds that determine control status, organises controlled items into Categories 0-7 (including nuclear, chemical, biological, materials, aerospace, electronics and information security), and directs exporters to follow Handbook of Procedures requirements and category specific documentation and notification obligations.

Reversal of CENVAT credit required where duty remission under the prescribed excise remission provision occurs.
The CENVAT Credit (Eighth Amendment) Rules, 2007 insert sub rule (5C) in rule 3 of the CENVAT Credit Rules, 2004, providing that where duty on goods manufactured or produced is remitted under the excise remission provision, the CENVAT credit taken on inputs used in their manufacture or production shall be reversed.

Exemption under section 35AC: project period extended and project cost amended for eligible medical and education scheme.
The Central Government specified that the Kuppuswamy Naidu Charity Trust's project for running Chidbavananda Rural Education and Medical Centre, the Rural Medical Centre at Anaikatti, and construction and running of M/s. G. Kuppuswamy Naidu Memorial Hospital is an eligible project under the Explanation to section 35AC for an additional three-year period, and amended the prior notification to substitute the earlier maximum project cost with an increased maximum project cost while retaining the corpus fund amount.

Tax benefit eligibility extended for hospice AIDS programme under section 35AC, project specified for a further period.
Central Government specified hospice outpatient and home based services, mobile rural hospice outreach, and integrated home based and rural outreach hospice services for AIDS carried out by Dean Foundation as an eligible project or scheme under the Explanation to section 35AC, acting on the National Committee's recommendation and confirming continuation without change to the approved project cost for a further specified period.

Extension of eligibility under Section 35AC: senior citizens home project designated for an additional three-year period.
The Central Government, under the Explanation to Section 35AC, specifies the construction and running of a senior citizens home by Sri Shree Ambica Niketan Trust as an eligible project or scheme for a further period of three years beginning with financial year 2006-2007, following a recommendation by the National Committee that the project is being executed properly; the specification is made without change to the previously approved project cost or corpus fund.

Section 35AC eligibility: construction of old age home project specified as eligible for a further period.
The Central Government specifies the construction of an old age home complex at Srikakulam by Srikakulam Vayodhikula Sangham as an eligible project under the Explanation to section 35AC for a further period of three years beginning with financial year 2006-2007. The notification records the approved cost as Rs. 23.93 lakhs plus a corpus fund of Rs. 20.00 lakhs, notes prior extensions and cost enhancements, and relies on a recommendation from the National Committee for Promotion of Social and Economic Welfare, with no change in the approved cost.

Eligibility under tax provision: extension of specified welfare education scheme for economically weaker students for an additional period.
The Central Government, on recommendation of the National Committee for Promotion of Social and Economic Welfare under the Income-tax Rules, specifies the project 'new courses for students of economically weaker section' carried out by Sri Jayendra Saraswathy Vidyalaya Trust as an eligible project or scheme for a further period beginning with the 2007-2008 financial year, without any change in the approved project cost.

Deduction under section 35AC: notified institutions' approved project costs permitted as tax deductions for specified years.
Notification under the Explanation to section 35AC notifies specified institutions and approves particular social welfare projects with estimated costs, specifying for each the maximum portion of project cost allowable as a deduction under section 35AC for the stated period of approval; the notification remains in force for three years in relation to the financial years specified and is issued under sub section (1) read with clause (b) of the Explanation to section 35AC.

Import policy amendment: designated importer MMTC expanded to include TANCEM in Schedule I import classifications.
The second paragraph of Condition 6 of Chapter IA (General Notes to Import Policy) in Schedule I of the ITC (HS) Classifications is amended by substituting "M/s MMTC Limited" with "M/s MMTC Limited/ M/s Tamil Nadu Cements Corporation Ltd. (TANCEM)", thereby expanding the designated importer reference within the import classifications.

Customs port appointment: Muldwarka authorised to unload specified imported commodities and to load clinker and cement for export.
Amends the Muldwarka entry in the Notification No. 62/94 (NT) table to permit unloading of imported coal, petroleum coke, furnace oil, gypsum and scrap rubber tyres not suitable for retreading (shredded or with cut in bead wire), and to permit loading of clinker and cement for export, thereby substituting the prior column entry for item (16) at Muldwarka.

Refusal to renew recognition: regulatory non compliance and governance failures lead to derecognition and protective directions.
SEBI refused to renew recognition of Magadh Stock Exchange Limited due to repeated regulatory non compliance, governance and financial deficiencies, and operation contrary to SEBI directives. Inspections revealed absence of a full time Executive Director, pervasive shortfalls and improperly composed Base Minimum Capital, failure to create and segregate an Investor Protection Fund as a Trust, non inspection of members' books, non recovery of dues, commencement of trading without an approved Settlement Guarantee/Trade Guarantee Fund, delayed corporatisation and demutualization, inadequate clearing and settlement arrangements and insufficient manpower and surveillance. SEBI directed transfer of investor funds to the SEBI Investor Protection and Education Fund, repayment of outstanding refundable support, protection of pending claims, de registration consequences for members, and restraint on asset transfers.

Power of Attorney operations on non-resident rupee accounts: limited local payments and restricted repatriation subject to tax compliance.
The amendment allows resident Power of Attorney holders to operate NRO accounts limited to local rupee payments (including eligible investments per Reserve Bank regulations) and remittance abroad of the non-resident account holder's current income net of taxes; it bars the PoA holder from repatriating funds except to the non-resident account holder, making gifts to residents on behalf of the account holder, or transferring funds to another NRO account; outward remittances are subject to Bank-prescribed ceilings and tax compliance.

Rescission of anti-dumping duty on paracetamol withdraws the prior import duty notification and ends its future application.
The Central Government rescinds the notification imposing anti-dumping duty on imports of paracetamol by revoking Notification No. 67/2005-Customs, under powers conferred by the Customs Tariff Act and anti-dumping Rules. The revocation, published on 3 September 2007, is prospective and expressly preserves acts done or omissions before the rescission.

Anti-dumping duty on paracetamol imports to offset dumping and protect the domestic industry from injurious imports.
The Central Government, relying on the designated authority's findings of dumping, likelihood of continued dumping and material injury, imposes definitive anti-dumping duty on paracetamol (tariff item 2922 29 33, all grades) originating in or exported from the People's Republic of China and specified China-related export permutations. The duty is fixed per metric tonne as specified in the notification table, applies to any producers and exporters described, and is effective for five years from publication unless revoked, with an inserted clause preserving force up to and inclusive of 2nd September 2013.

Anti-dumping duty continuation on phenol imports preserves measures to prevent dumping and protect domestic industry from injury.
The Central Government continues anti dumping duty on imports of phenol from South Africa, Singapore and the European Union based on findings of dumping and material injury, prescribing producer and exporter specific duty rates per metric tonne as set out in the Table. The continuation supersedes the earlier notification except as to past actions, remains in force until the specified expiry date unless revoked earlier, and requires payment in Indian currency with the exchange rate determined by the Government for the bill of entry date.