SEZ Authority membership change: government amends prior notification to replace one member with a new managing director.
The Ministry of Commerce and Industry amends notification S.O. 569(E) dated 27 February 2009 to substitute the member at Sl. No.5, replacing "Shri Amar Kothari, MD, M/s Inter Gold (I) Pvt. Ltd." with "Shri Premkumar Kothari, Managing Director, M/s. Fine Jewellery (I) Ltd.", effected by notification S.O. 1883(E) dated 30 July 2010 under the Central Government's SEZ powers.

Special Economic Zone amendment swaps survey parcels while preserving the zone's total notified area.
Amendment of the previously notified Special Economic Zone replaces specified survey parcels with alternative survey parcels having equivalent aggregate area so that the overall notified zone area remains unchanged; the Central Government effects this administrative substitution by formal notification amending the schedule of survey numbers and corresponding hectare figures.

Exchange traded currency options: residents may trade standardized USD INR options under eligibility, prudential limits and RBI authorisation.
Exchange traded currency options on USD INR or RBI approved pairs are permitted on recognised stock exchanges, cash settled in Rupees using the Reserve Bank reference rate, and available only to persons resident in India; participation, membership and clearing are subject to SEBI registration, RBI authorisation and specified prudential requirements for AD Category I banks, while position limits, margining and surveillance follow SEBI guidance and the Reserve Bank may vary eligibility, limits and margins to protect financial stability.

Reservation removal of an item from exclusive small-scale manufacture list alters sectoral manufacturing rights and regulatory coverage.
An amendment under Section 29B of the Industries (Development and Regulation) Act omits the entry at serial number 147 from Schedule III, thereby removing that item from the List of Items Reserved for Exclusive Manufacture in Small Scale Sector; the change takes effect upon publication in the Official Gazette and follows Advisory Committee recommendations.

Anti-dumping duty on PVC Flex Film imposed, affecting imports from specified Chinese producers with per-kg rates.
Provisional anti-dumping duty imposed on PVC Flex Film imports from the People's Republic of China under specified Chapter 39 subheadings. Producer- and exporter-specific duty rates are set per kilogram in US Dollars for named Chinese manufacturers and exporters, with a default rate for other combinations and non Chinese trade routes. The duty is effective until 29 January 2011, payable in Indian currency, and currency conversion for payment shall follow the exchange rate notifications under the Customs Act based on the bill of entry date.

Tariff value fixation updated for specified edible oils and brass scrap, revising the substituted tariff value table under customs rules.
Amendment substitutes a revised tariff-value table into Notification No. 36/2001-Cus. (N.T.), fixing US dollar per metric tonne values for specified imports including crude palm oil, RBD palm oil, palmolein variants, crude soyabean oil, brass scrap (all grades), and poppy seeds, with certain entries noted as unchanged; issued under the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962, to provide operative benchmarks for customs valuation and assessment.

Newsprint Control Order amendment adds an indigenous newsprint mill to the Schedule under statutory powers.
The Newsprint Control (Amendment) Order, 2010, issued under statutory powers, inserts a new Schedule entry after S.No. 104 identifying Ms. Servalakshmi Paper Private Limited and specifying its mill location in Kodaganallur Village, Tirunelveli Kattabomman District, Tamil Nadu, as an indigenous newsprint manufacturer; the Order is effective on publication in the Official Gazette.

Amendment to Newsprint Control Order adds an indigenous newsprint mill to the Schedule, updating registered manufacturers list.
An amendment to the Newsprint Control Order, 2004, inserts M/s. Sri Annamalaiyar Paper Mills Private Limited, Ooravayal Village, Karaikudi, Sivagangai District, Tamil Nadu, as a new entry in the Schedule of indigenous newsprint manufacturers under item 4 after SI. No. 105, effected by the Newsprint Control (Amendment) Order, 2010, under powers conferred by Section 18G of the Industries (Development and Regulation) Act, 1951, and operative on Gazette publication.

Newsprint Control amendment adds an indigenous manufacturer to the Schedule, expanding registered domestic producers and regulatory coverage.
The Newsprint Control (Amendment) Order, 2010 amends the Schedule to the Newsprint Control Order, 2004 by inserting a new Schedule entry for M/s. Sri Lakshmi Prasanna Agro Paper Industries Limited at Polamuru, Anaparthy, East Godavari District, Andhra Pradesh, thereby listing that entity as an indigenous newsprint manufacturer; the Order is effective on publication in the Official Gazette.

Newsprint Control Order amendment expands indigenous manufacturer list, adding a new mill in Chhattisgarh under industrial regulation.
The Central Government, under Section 18G of the Industries (Development and Regulation) Act, 1951, issues the Newsprint Control (Amendment) Order, 2010 to amend the Newsprint Control Order, 2004 by adding Serial No. 107 in the Schedule for M/s. Lohia Paper and Board Private Limited, Village Neonara, Berla, Durg District, Chhattisgarh; the amendment is effective upon publication in the Official Gazette.

Fund expense limits revised and operational timeframes shortened for mutual fund schemes under regulatory amendment.
The amendment reduces procedural deadlines in Regulations 34, 35 and 36 to shorter working day periods and replaces Regulation 52(6) to impose limits on total scheme expenses (excluding issue/redemption expenses) including management and advisory fees, with differentiated frameworks for fund of funds, index/ETF schemes, and other schemes under a tiered expense scale, and requires bond investing schemes to carry recurring expenses lower by a specified margin; Tenth Schedule clause (e) is omitted.

Interest on deceased depositor accounts: accounts closed and refunded to nominee with scheme and savings account interest.
Where a depositor dies before maturity the account must be closed and the deposit refunded on application in Form 'F' to the nominee or, if the nominee has also expired or no nomination was made, to the legal heirs; interest is payable at the scheme rate up to the date of death, and for the period from the day after death until refund simple interest is payable at the savings account rate provided in Rule 6 of the Post Office Savings Accounts Rules, 1981.

Exchange Rate Determination revised conversion rates for specified foreign currencies to be used for import and export valuation.
The Central Board of Excise and Customs determines conversion rates of specified foreign currencies into Indian rupees, prescribing separate rates for imported goods and export goods as set out in Schedule I and Schedule II (Japanese Yen per hundred units), superseding the prior notification and taking effect from 1st August, 2010 for the purposes of customs valuation.

Industrial park notification under Section 80-IA: recognition conditional on accurate disclosure, specified location, and prior approval for amendments.
Notification designates M/s. DLF Cyber City Developers Limited and specified buildings and towers in DLF City, Gurgaon as an industrial park under clause (iii) of sub section (4) of Section 80 IA read with rule 18C, fixing commencement as 25 January 2010; the notification is conditional and may be invalidated for wrong or omitted material information, prior notification of the location to another undertaking, amendments without Central Government approval, or nondisclosure of material facts.

Allocation of income tax jurisdiction assigns Hyderabad territorial and taxpayer categories to four Commissioners, by area and taxpayer type.
This notification substitutes Schedule I entries to reassign territorial jurisdictions and taxpayer categories among four Hyderabad Commissioners of Income tax, specifying districts, municipal wards and mandals for each Commissioner and allocating taxpayers-companies (by registered office and name initials), individuals (including directors and officers), HUFs and other persons-by residence, principal place of business, or principal source of income, with special categorisation for salary earners and entertainment industry activities. The amendment is effective from publication in the Official Gazette.

Scientific research approval: contributions to an approved institute qualify for tax treatment subject to compliance and reporting obligations.
KEM Hospital Research Centre, Pune is approved under section 35(1)(ii) and Rules 5C and 5E as an 'Other Institute' partly engaged in research from 1 April 2005, conditional on using received sums for scientific research, conducting research via faculty or enrolled students, maintaining separate research books of account, obtaining an audit by a qualified accountant and furnishing the audit report and a certified statement of donations and research expenditure to the tax authorities by the income-tax return due date; approval may be withdrawn for specified non-compliance or cessation of genuine research activities.

Scientific research expenditure approval recognized for institution, subject to utilization, audit and reporting requirements.
TIFAC is approved as an Institution for section 35(1)(ii) purposes, subject to conditions that sums paid be used for scientific research, research be conducted through faculty or enrolled students, and that separate books of account be maintained and audited by a qualified accountant. The audited report and an auditor-certified statement of donations applied to research must be furnished to the tax authorities by the due date for filing the income-tax return. Approval may be withdrawn for failure to maintain books, to furnish the audit report or donation statement, for cessation or non-genuineness of research activity, or for non-compliance with the applicable rules.

Customs duty exemption for mega power project imports subject to Chief Engineer certification and CEO undertaking.
Substituted Condition No. 28 grants exemption from customs duties and additional duty for imports of specified goods for Government initiated mega power projects, conditional on: (a) those goods being exempt under the Customs Tariff First Schedule and section 3 additional duty; (b) certification by a Central Electricity Authority officer not below Chief Engineer as to requirement, quantity, description and specification; and (c) a CEO undertaking to the local Deputy/Assistant Commissioner of Central Excise that the goods will be used only in the project and that the developer will pay duties if that undertaking is breached.

Customs duty exemption for philatelic exhibition imports, conditional on Departmental certification and limited duration for specified goods.
Relieves specified philatelic goods imported for display or sale at INDIPEX 2011 from customs duty and additional duty under the Customs Tariff Act, subject to certification by a Deputy Secretary-level officer in the Department of Posts that the goods are required for the exhibition; enumerates eligible items including stamps, covers, albums, mounts, magnifiers, postal stationery and commemorative postal coins, and limits the exemption to the exhibition period.

Allocation of income-tax jurisdiction by territorial area and taxpayer category defines Commissioner responsibilities accordingly.
Notification substitutes Schedule-I entries for serial numbers 111 and 112 to reallocate jurisdiction between the Commissioner of Income Tax, Nashik-I and Nashik-II. It defines territorial areas in Maharashtra (District of Nashik with specified taluka exclusions, and the Districts of Dhule, Nandurbar and Jalgaon) and assigns classes of persons and cases - companies, individuals and other entities distinguished by name initials, cooperatives, trusts, AOPs/BOIs, local authorities, and salary or non-salary income cases - to each Commissioner, issued under section 120 of the Income-tax Act.