Tariff value fixation: notification substitutes table fixing tariff values for specified edible oils and brass scrap under Customs Act.
The Board, invoking Section 14(2) of the Customs Act, substitutes the Table in Notification No.36/2001-Cus (N.T.) with a new Table fixing tariff values (US$ per metric tonne) for specified goods: crude palm oil, RBD palm oil, other palm oil, crude palmolein, RBD palmolein, other palmolein, crude soyabean oil, and brass scrap (all grades); several entries are noted as unchanged.

Research donation approval enables tax benefits for contributions to approved university, subject to audit and compliance conditions.
Approval is granted to Indian Institute of Science, Bangalore as a University partly engaged in research for purposes of clause (ii) of sub section (1) of section 35, effective 1 April 2004. Conditions: sums must be used for scientific research; research conducted by faculty or enrolled students; books of account maintained and audited by a defined accountant with the audit report furnished to the tax authority by the return due date; and a separate auditor certified statement of donations and amounts applied for research must accompany the audit report. Approval may be withdrawn for specified failures or cessation of genuine research.

Research approval for institution enables tax-deductible donations under tax law when conditions and audit requirements are met.
Approval is granted to Jawaharlal Nehru Centre for Advanced Scientific Research, Bangalore as an other Institution for the purposes of clause (ii) of sub-section (1) of section 35, effective 1 April 2003, subject to conditions: sums paid must be utilised for scientific research; research must be carried out through faculty or enrolled students; books of account must be maintained and audited by a qualified accountant with the audit report furnished to the jurisdictional tax authority by the return due date; and a separate auditor certified statement of donations received and amounts applied for scientific research must accompany the audit report.

Industrial park notification grants tax-benefit recognition subject to infrastructure investment, minimum units and compliance conditions.
Notification under section 80-IA(4)(iii) designates M/s. Hiranandani Builders' Winchester Industrial Park as an industrial park for tax benefits, specifying location, activities, 100% industrial allocable area and a minimum of ten units. Conditions require minimum infrastructure expenditure thresholds (50% generally; 60% where built-up industrial space is provided), defined common infrastructure, a cap preventing any single unit occupying more than fifty percent of allocable area, separate statutory approvals for investments, operator continuity while benefits are availed, transfer intimation on change of operator, and invalidation for misinformation or unauthorized amendments.

Electronic filing requirement for tax deductors: designated entities must submit quarterly statements on computer media.
Specified deductors and collectors - government offices, companies, persons required to be audited under section 44AB, or those with fifty or more deductee/collectee records in any quarter of the preceding financial year - and the principal officer of a company must deliver quarterly TDS/TCS statements on computer media (3.5" 1.44 MB floppy or CD-ROM of 650 MB capacity).

Research approval under Section 35(1)(ii) permits donor deductions subject to audit, certified donation statements, and compliance.
Approval under Section 35(1)(ii) recognizes the college as eligible from 1 April 2006, subject to conditions: sums must be used for scientific research; research conducted by faculty or enrolled students; maintenance of books of account and an auditor's report furnished to the tax authority by the income tax return due date; and a separate auditor-certified statement of donations received and amounts applied for scientific research must accompany the audit report.

Foreign borrowing limits now tied to permissible end use and maturity, with RBI approval for rupee denominated structures.
Amendments restrict borrowings up to USD 500 million per borrower per financial year to foreign currency expenditures for permissible end use, omit an earlier Note, and expand eligible entities. Corporates are prohibited from availing domestic rupee denominated structured obligations credit enhanced by international banks, IFIs or joint venture partners without Reserve Bank approval. A graduated maturity regime with minimum average maturities is prescribed, prepayment and call/put options are limited for larger borrowings, and prior approval is required for ECBs up to USD 20 million per company per year for rupee expenditures.

Special Economic Zone expansion at Jamnagar: additional area notified and approval transferred enabling multi product SEZ designation.
Notification adds an additional 540.0372 hectares to the Jamnagar Special Economic Zone, confirming prior transfer of approval and conversion from a petroleum and petrochemicals sector-specific SEZ into a multi product SEZ; it lists specific villages and survey numbers with individual hectare measurements and records that statutory requirements for the approval and expansion were satisfied.

Special Economic Zone designation notifies Bellandur area as an IT/ITES SEZ under the SEZ Act and Rules.
Notification designates specified survey parcels at Bellandur Village as a Special Economic Zone for information technology and IT enabled services, following Primal Projects Private Limited's proposal under section 3, Central Government satisfaction under sub-section (8) and grant of a letter of approval under sub-section (10) of section 3. Exercising powers under sub-section (1) of section 4 and rule 8 of the SEZ Rules, the Central Government formally notifies the listed survey numbers and total area as the SEZ.

Renewal of recognition under Securities Contracts (Regulation) Act grants continued status to Pune Stock Exchange subject to conditions.
SEBI, satisfied that renewal would serve the trade and public interest, renews recognition of Pune Stock Exchange Limited under section 4 of the Securities Contracts (Regulation) Act, 1956 for the period commencing 2nd September, 2007 and ending 1st September, 2008, in respect of contracts in securities, subject to conditions that may be prescribed or imposed hereafter.

Import policy: betel nuts freely importable only through Mangalore port under amended ITC(HS) imports schedule.
Amendment classifies betel nuts (specified ITC(HS) codes) as Free for import, subject to the policy condition that imports are permitted only through Mangalore port.

Rescission of anti dumping notification under Customs Tariff Act withdraws earlier anti dumping duty notification.
The Central Government rescinds Notification No. 40/2007 CUSTOMS (dated 19 March 2007) concerning anti dumping duty, exercising powers under sub section (2) of the Customs Tariff Act and the Customs Tariff Rules governing identification, assessment and collection of anti dumping duty and determination of injury, thereby withdrawing the earlier Gazette notification.

Anti-dumping duty on peroxosulphates imposed; definitive duties apply to imports from China and Japan effective March 19, 2007.
Imposition of anti-dumping duty on imports of Peroxosulphates (Ammonium, Potassium or Sodium Persulphates) under tariff item 2833 40 00 from the People's Republic of China and Japan is prescribed following findings that the goods were sold at less than normal value, with substantial dumping margins causing material injury to the domestic industry; definitive duties are specified per unit in the Table, levied from the date provisional duty was imposed and the notification remains in force up to and inclusive of 18th March, 2013 unless revoked earlier.

Exchange rate determination for exports sets statutory conversion rates for specified foreign currencies effective immediately.
The Board, exercising powers under the Customs Act, supersedes a prior notification and prescribes statutory rupee conversion rates for specified foreign currencies for export-related purposes, with rates listed in Schedule I (one-unit quotations for major currencies) and Schedule II (the Japanese yen on the stated multi-unit basis), to operate from the notified effective date as the operative conversion table for customs export calculations.

Exchange Rate Notification fixes conversion rates for specified foreign currencies to Indian rupees for import valuation.
Prescribes the rate of exchange for conversion of specified foreign currencies into Indian rupees for imported goods valuation under the Customs Act, setting the applicable rates in two schedules (per-unit rates for major currencies and a 100-unit rate for Japanese Yen) and noting supersession of the prior notification.

Special Economic Zone notification declares land for Information Technology and IT enabled services development under SEZ Act.
The Central Government, invoking section 4(1) of the Special Economic Zones Act, 2005 and rule 8 of the Special Economic Zones Rules, 2006, notifies specific survey plots in Burdwan district as a Special Economic Zone for Information Technology and IT enabled services, following grant of a letter of approval to M/s. Enfield Exports Limited for development, operation and maintenance of the sector specific SEZ.

Approval as eligible organization for research-related project reports and surveys enables Engineers India Limited to qualify under tax rules.
Approval is granted to Engineers India Limited, New Delhi, as an eligible organization under clause (a) of sub-section (2) of Section 35D of the Income-tax Act, 1961, recognizing it as qualified to undertake preparation of feasibility reports, preparation of project reports, conducting market or other surveys, and providing engineering services as the qualifying activities for the specified period.

Approval under Section 35(1)(ii) permits donations to be used for scientific research subject to audit and reporting compliance.
Approval under Section 35(1)(ii) has been granted to Mandke Foundation as an 'other institution' partly engaged in scientific research, subject to utilisation of donations for scientific research, research carried out by faculty or enrolled students, maintenance and audit of books by a qualified accountant with submission of the audit report by the income tax return due date, and a separate auditor certified statement of donations and amounts applied to research.

Approval under Section 35(1)(ii): donations to approved research institutions subject to audit, reporting and use for research conditions.
Approval is granted to The Gujarat Cancer Society, Ahmedabad as an approved institution under Section 35(1)(ii) effective 1 April 2001, subject to conditions: sums must be used for scientific research; research must be carried out by faculty or enrolled students; books of account must be maintained and audited with the audit report furnished to the tax authorities by the income tax return due date; and a separate auditor certified statement of donations and amounts applied to research must accompany the audit report. The Central Government may withdraw approval for specified defaults or cessation of genuine research.

Special Economic Zone designation for an IT/ITES park at Sohna Road, enabling development and operation under the SEZ Act.
The Central Government, invoking section 4(1) of the SEZ Act and rule 8 of the SEZ Rules, notifies specified survey-numbered land parcels at Sohna Road, Gurgaon as a Special Economic Zone for the IT/ITES sector following grant of a letter of approval for development and operation; the notification enumerates parcel identifiers and areas and aggregates the notified land to a total of 42.7045 hectares.