Anti-dumping duty on acrylic fibre imports from Mexico imposed, charging the difference between reference price and landed value.
Imposition of anti-dumping duty on acrylic fibre (1.5-8.0 denier) from Mexico following findings of dumping, material injury, and causal link; duty equals the difference between a specified reference price per kg and the landed value per kg as assessed under the Customs Act; applies to imports under Chapter 55 and is levied from the date the provisional duty took effect; "landed value" excludes certain customs duties.

Customs exemption for mould vat watermarked bank note paper: imports by designated presses granted nil duty.
Amendment inserts serial number 91A under tariff heading 48.02 to exempt mould vat made watermarked bank note paper from customs duty when imported by specified security printing establishments (Bank Note Press, Dewas; Currency Note Press, Nasik; India Security Press, Nasik; Security Printing Press, Hyderabad; Bharatiya Reserve Bank Note Mudran Limited, Mysore; Bharatiya Reserve Bank Note Mudran Limited, Salbony), with duty entries shown as Nil.

Tax exemption notification under section 10(23C)(v) grants Basava Samithi Bangalore conditional income-tax recognition for specified assessment years subject to compliance.
Notification recognises Basava Samithi, Bangalore under clause (v) of clause (23C) of section 10 subject to conditions: income must be applied or accumulated solely for the assessee's objects; funds (except voluntary contributions in kind) must be invested only in specified modes; and business income is excluded unless incidental to objectives and accounted for separately.

Tax exemption notification under section 10(23C)(iv) conditioned on exclusive application of income and limited investment modes.
Notification designates the National Association for the Blind, Mumbai as a notified institution under section 10(23C)(iv) for assessment years 1999-2000 to 2001-2002, subject to conditions: (i) income must be applied or accumulated wholly and exclusively for its objects; (ii) funds (except specified voluntary contributions held as physical items) may be invested or deposited only in the forms or modes specified in sub-section (5) of section 11; and (iii) the notification does not apply to business income unless the business is incidental to its objectives and kept in separate books.

Charitable status notification conditions tax exemption on exclusive application of income and specified investment and business restrictions.
Notification designates Rashtriya Gramin Vikas Nidhi, Guwahati as eligible under section 10(23C)(iv) for specified assessment years, conditional on applying or accumulating income wholly and exclusively to its objects, restricting investments to modes specified for charitable trusts except certain non-monetary voluntary contributions, and excluding business profits unless the business is incidental to objectives with separate accounting for such business.

EPCG import exemption expanded to include software alongside marine products, altering covered imports under existing notification.
The Central Government amended Notification No. 29/97-Customs by substituting, in paragraph 1 proviso Clause (i), the phrase "and marine products, or" with "marine products and software, or", thereby expressly including software within the scope of the EPCG Scheme import exemption alongside marine products.

Anti-dumping duty assessment is revised through related-producer criteria, injury-based duty recommendations, undertaking enforcement, and non-market economy valuation rules.
The anti-dumping rules refine related-producer criteria, allowing producers to be treated as related where control relationships are likely to affect conduct. The designated authority may recommend duty equal to or below the dumping margin where needed to remove domestic-industry injury. Violations of price undertakings require prompt reporting and may trigger provisional duty from the violation date. For non-market economy imports, normal value may be based on an appropriate market-economy third country or another reasonable basis, subject to disclosure and comments by investigation parties.

Credit of duty expanded to include additional duty under the Customs Tariff Act, broadening eligible duties for credit under excise rules.
The amendment substitutes wording in the specified rule of the Central Excise Rules to permit credit of excise duty and the additional duty under the Customs Tariff Act, thereby broadening eligible duties for credit under that rule; it is effected by government notification and commences on publication in the Official Gazette.

Income-tax exemption approval for infrastructure projects conditional on continued compliance and prescribed audit obligations.
Approval is granted to the Suratgarh Thermal Power Station for income-tax exemption under the relevant provision and rule for specified assessment years, subject to continued compliance. The approval is conditional on the enterprise maintaining books of account, obtaining and furnishing an audit report as required by the applicable rule, and the Central Government may withdraw approval if the enterprise ceases the infrastructure activity or fails the accounting and audit obligations.

Anti-dumping duty imposed on EPDM rubber from Japan; exporter-specific rates apply with landed value offset.
Anti-dumping duties are imposed on EPDM Rubber from Japan after findings that the goods were exported below normal value and caused material injury to the domestic industry. The notification prescribes exporter specific per tonne benchmark amounts; the duty equals the difference between those benchmarks and the assessable landed value. "Landed value" is the assessable value determined by the proper officer under the Customs Act and includes all customs duties except certain specified customs tariff duties.

Approval under tax exemption provision granted to Suratgarh Thermal Power Station subject to compliance and audit conditions.
Approval is granted to Suratgarh Thermal Power Station as an enterprise eligible under section 10(23G) read with rule 2E for specified assessment years, subject to compliance with those provisions. The approval is conditional on maintaining required books of account, obtaining an audit as mandated, and furnishing the audit report; the Central Government may withdraw approval if the enterprise ceases to carry on the infrastructure facility or fails to comply with the audit and recordkeeping requirements.

Canalised exports require TRIFED routing under administrative directions, pursuant to Foreign Trade Act authority notification in public interest.
The ITC(HS) entry for Code No.1207 (Niger Seeds) is amended to make exports canalised: exports must be routed through TRIFED and effected in accordance with directions issued by the Directorate General of Foreign Trade, under the authority of Section 5 of the Foreign Trade (Development and Regulation) Act read with paragraph 4.11 of the Export and Import Policy, issued in public interest.

Registration eligibility expanded: manufacturers of nil rated knitted and crocheted goods can obtain registration under Rule 174(1).
The amendment permits manufacturers of goods chargeable to nil rate of duty specified in the tariff chapters for knitted and crocheted products to apply for and obtain a registration certificate for their manufacturing premises under Rule 174(1), operating notwithstanding the opening paragraph of the earlier notification and thus extending registration eligibility to producers of nil rated knitted and crocheted goods.

Money Market Mutual Fund designation permits a bank-operated fund subject to regulatory conditions and specified money-market investment rules.
ABN Amro Bank Money Market Mutual Fund is designated as a Money Market Mutual Fund under clause (23D)(ii) of section 10, required to operate departmentally as Money Market Deposit Accounts, invest exclusively in specified short-term money-market instruments with prudential limits and prohibitions on capital-market exposure and inter-scheme borrowing, maintain segregated scheme-wise accounts audited by an independent auditor, calculate and disclose NAV periodically, provide repurchase facilities subject to a minimum lock-in, and comply with regulatory supervision, reporting and disclosure obligations.

Tax-free bonds under section 10(15)(iv)(h): issuance specified with registration condition required to claim tax benefit.
Central Government specifies Tax-free non-convertible, unsecured and redeemable bonds under clause (15)(iv)(h) of section 10 as eligible for tax exemption, setting denomination, fixed interest payable half-yearly, ten-year tenor, distinctive serial numbering and aggregate issuance. The exemption is conditional: the tax benefit is admissible only if the holder registers their name and holding with the issuing corporation.

Specified taxable debentures under section 80L designated as secured, redeemable non convertible bonds with half yearly interest.
Central Government specifies particular secured, redeemable, non convertible taxable debentures in the nature of bonds of Steel Authority of India Limited as qualifying under clause (ii) of sub section (1) of section 80L of the Income tax Act, 1961, identifying two five year series with half yearly interest payable, fixed denominations, sequential distinctive numbers, and specified aggregate issuance.

Tax exempt bonds specified under the income tax provision; tax benefit conditioned on holder registration with issuer.
Central Government specifies two series of tax free Housing and Urban Development Corporation Limited bonds as eligible under 10(15)(iv)(h), detailing series identifiers, face value, interest rates, payment periodicity, tenors, aggregate issue amounts and issuer, and states that the tax benefit is admissible only if the holder registers their name and holding with the Corporation.

Approval as long-term industrial finance corporation under Section 36(1)(viii) enables tax treatment for the assessment year.
Power Finance Corporation Ltd., New Delhi has been approved by the Central Government as a corporation engaged in providing long-term finance for industrial development for the purposes of Section 36(1)(viii) of the Income tax Act, 1961, with the approval recorded by formal notification for the relevant assessment year.

Canalisation of onion exports: Bangalore Rose onions permitted only through the designated state export corporation under time limited quota.
Export of Bangalore Rose onions is canalised, allowing exports only through M/s Karnataka State Agricultural Produce Processing and Export Corporation Ltd (KAPPEC Ltd) under a time limited, agency specific monthly quota; the amendment to ITC(HS) code 0703 implements this export control pursuant to Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 and Paragraph 1.3 of the Export and Import Policy, 1997-2002.

Restricted raw silk imports are canalised through designated agencies; import allowed only via licence or notified public notice.
Raw silk imports are restricted and allowed only against an import licence or under a Public Notice; mulberry raw silk meeting prescribed grade standards is canalised through designated national and state handloom and handicraft corporations and other state entities, and those canalising agencies must inform the Ministry of Textiles before finalising any import contract.