Special Public Prosecutor appointment enables centralized Enforcement Directorate prosecution in money laundering cases before special courts and the High Court.
The Central Government has appointed Shri Darius Jehangir Khambata, Advocate General of Maharashtra, as Special Public Prosecutor to conduct any case, class, or group of cases arising under the Prevention of Money Laundering Act on behalf of the Enforcement Directorate before Special Courts constituted under the Act and before the High Court of Bombay.

Common Adjudicating Authority assignment: show cause notice reallocated to export customs commissioner for adjudication.
The Board assigns the Show Cause Notice issued in respect of M/s Shree Krishna Impex to the Commissioner of Customs (Export), New Custom House, New Delhi for adjudication, effecting an administrative transfer of adjudicatory responsibility pursuant to Notification No. 15/2002-Customs (N.T.), as recorded and signed by the Under Secretary to the Government of India.

Common Adjudicating Authority assignment transfers a show cause notice to the Export Commissioner for adjudication.
Under Notification No. 15/2002-Customs (N.T.) issued under sub section (1) of section 4 of the Customs Act, 1962, the Board assigns the Show Cause Notice issued by the Commissioner of Customs, Inland Container Depot, Tughlakabad, in the case of M/s Shree Krishna Impex to the Commissioner of Customs (Export), New Custom House, New Delhi, for the purpose of adjudication, thereby reallocating the Common Adjudicating Authority and proper officer responsibilities for that proceeding.

Correction of Commissioner designation clarifies export port jurisdiction by replacing an import-office reference in the prior order.
Amendment substitutes the office title Commissioner of Customs (Sea Port-Import) with Commissioner of Customs (Seaport-Export) in Order F.No.437/09/2012-Cus.IV, effecting a textual correction to clarify which Commissioner's office is referenced for communication and implementation; recipients listed include port Commissioners, Additional/Joint Commissioners, the DRI zonal unit, and the Board webmaster.

E payment requirement for VAT: electronic challan CIN to serve as proof and bank portal payments mandated for registered taxpayers.
Compulsory electronic payment for taxes, interest, penalties and other amounts under the Delhi VAT Act is mandated through Bank of India e payment portals; Part 'C' of the internet generated challan with a unique Challan Identification Number will be accepted as proof of payment to be enclosed with returns, and dealers/contractees must obtain a signed stamped copy of Part 'D' from the bank while crediting of amounts remains subject to Reserve Bank of India confirmation.

Common Adjudicating Authority assignment under Customs Act: Show Cause Notice reassigned for adjudication to Commissioner of Customs.
The Board, exercising powers under Notification No. 15/2002-Customs (N.T.) issued under sub section (1) of section 4 of the Customs Act, 1962, assigns Show Cause Notice F.No. DRI/AZU/INV-43/2011 dated 15.05.2012 to the Commissioner of Customs (Import), Jawaharlal Nehru Custom House, Nhava Sheva, for adjudication, and circulates copies for information and recordkeeping.

Assignment of adjudication authority transfers a show cause notice to the designated Import Commissioner for statutory customs adjudication.
The Board, invoking the enabling notification under the Customs Act, assigns a show cause notice issued by the Directorate of Revenue Intelligence to the Commissioner of Customs (Import), Jawaharlal Nehru Custom House, Nhava Sheva, designating that Commissioner as the proper officer to adjudicate the matter concerning M/s Mahek Enterprise, Mumbai.

Form amendment requiring SRN of Form 24AAA for compliance in specified company forms.
Amendment to the Companies (Central Government's) General Rules and Forms, 1956 inserts additional enumerations in FORM 21 (adding figures "18, 19" after "17A" and "188" after "186") and adds a new sub item requiring the "SRN of Form 24AAA" in serial number 13 of FORM 21; FORM 23 is similarly amended to insert an item requiring the "SRN of Form 24AAA" in serial number 10. The rules are titled the Fifth Amendment Rules, 2012 and take effect from 12th August, 2012.

Correction to Notification revises commencement year for three financial years to start 2012-13 under Income Tax regime.
The corrigendum replaces the words "for three financial years commencing with 2011-12 i.e. 2011-12, 2012-13 & 2013-14" with "for three financial years commencing with 2012-13 i.e. 2012-13, 2013-2014 & 2014-15" in the specified Gazette notification entry.

Income-tax rule amendment: substitution of the ITR-7 form updates filing requirements under existing Income-tax Rules.
The Central Board of Direct Taxes issues the Income-tax (Eighth Amendment) Rules, 2012, substituting a newly prescribed Form ITR-7 in Appendix-II of the Income-tax Rules, 1962. The rules are titled the Income-tax (8th Amendment) Rules, 2012 and come into force from the date of their publication in the Official Gazette; the substituted form is attached to the notification.

EPCG scheme modifications allow spares import with reduced export obligation, broaden capital goods definition, and flexible bank guarantees.
Amendments to FTP RE 2012 modify EPCG conditions: spares, moulds, dies, jigs, fixtures, tools and refractories for initial lining for existing plant and machinery may be imported under EPCG subject to an export obligation equal to 50% of the obligation for capital goods imports, to be fulfilled in eight years (six years for zero duty EPCG), with c.i.f. value capped at 10% of the plant and machinery value (or 10% of book value if not imported under EPCG). The capital goods definition is broadened; bank guarantees may be provided by CSPs or users; Post Export EPCG Duty Credit Scrips are made available for duty paid imports.

Authorised Courier registration revocation requires notice, inquiry, evidence, cross-examination, report disclosure, and representation before final orders.
Revocation of an Authorised Courier's registration is subject to written notice stating the grounds, at least forty-five days for a written defence, and an opportunity to request a personal hearing. An inquiry may examine relevant documentary and oral evidence, with a right to cross-examine witnesses. The inquiry report must be supplied to the Authorised Courier, who must receive at least sixty days to make representations before the Commissioner considers the report and representation and passes orders.

Avoidance of double taxation: India-Lithuania DTAA sets taxing rights, withholding limits, relief by credit and cooperation mechanisms.
The India-Lithuania Agreement establishes bilateral rules to avoid double taxation and prevent fiscal evasion, designates the taxes and persons covered, defines residence and permanent establishment, and allocates taxing rights for categories of income (business profits, immovable property, dividends, interest, royalties, capital gains, employment income and others). It prescribes withholding tax maxima subject to effective connection exceptions, methods for elimination of double taxation by credit/deduction, non discrimination protections, a mutual agreement procedure, exchange of information, assistance in tax collection, a limitation of benefits rule, and Protocol clarifications on specified provisions.

Avoidance of double taxation treaty allocates taxing rights and sets residency, PE, exchange of information and anti abuse rules.
The Agreement provides a bilateral framework to avoid double taxation and prevent fiscal evasion between India and Estonia, defining scope, residency and tie breaker rules, and specifying a detailed permanent establishment definition with activity thresholds. It allocates taxing rights for business profits, immovable property, shipping, dividends, interest, royalties and capital gains; prescribes reciprocal methods for eliminating double taxation; establishes mutual agreement and information exchange procedures; includes assistance in tax collection; and contains limitation of benefits anti abuse provisions and entry into force rules.

Security waiver for dealer registrations - no security required for new registrants for a limited period.
The Commissioner of Value Added Tax, invoking sub section (1) of section 19 of the Delhi Value Added Tax Act, 2004, directs that no security shall be required to be furnished by dealers who apply for registration with the department during the two month period from the date of issue of the notification, thereby temporarily waiving the security deposit otherwise required at registration.

Jurisdiction of customs officers: amendment removes a location-specific reference, altering territorial framing of authority.
Exercising powers under sub-section (1) of section 4 of the Customs Act, the Board amended Notification No. 83/2004 Customs (N.T.) by deleting the words 'at Hyderabad' from paragraph (2), thereby removing a location-specific reference used to describe the Common Adjudicating Authority / Proper Officer and altering the territorial framing of that provision.

Common Adjudicating Authority appointed to consolidate adjudication of a Show Cause Notice against M/s Rays International.
Under section 5(1) of the Customs Act, 1962, the Joint or Additional Commissioner of Customs (Import), Air Cargo Complex, Sahar Mumbai, is appointed as the Common Adjudicating Authority to exercise the adjudicatory powers and duties of two named Additional/Joint Commissioners of Customs for the purpose of adjudicating a Show Cause Notice issued against M/s Rays International, thereby consolidating jurisdiction for that proceeding.

Common Adjudicating Authority appointed to consolidate customs adjudication for a specified show-cause proceeding.
The Central Board of Excise and Customs designates the Common Adjudicating Authority by vesting the Joint/Additional Commissioner of Customs, Inland Container Depot, Tughlakabad, with authority to exercise and discharge the powers of specified Commissioners at ICD Patparganj and ICD Sabarmati for the purpose of adjudicating a Show Cause Notice issued to M/s Pro Photo, thereby effecting temporary consolidation of adjudicatory competence for that proceeding.

Import policy amendment adjusts HS classifications for cigarettes, iron ore grades, printed paper and metal scrap trade.
Amendments to ITC (HS) 2012 Schedule 1 revise import classification descriptions: Chapter 24 adjusts cigarette length thresholds for specified subheadings; Chapter 26 replaces broad iron ore entries with detailed sub items categorised by Fe content and specified unit/policy entries; Chapter 48 adds Note 13 preserving classification for certain printed paper intended for further printing or writing; and Chapters 74, 75, 76, 78 and 79 substitute and expand ISRI codeword listings and descriptions for various metal and scrap headings. The changes incorporate Budget 2012 amendments into the import policy.

Tax exemption approval under section 10(23C)(vi) granted to an educational society subject to compliance requirements.
Approval is granted to Shree Adinath Jain Shikshan, Sansthan, Alwar for the purposes of section 10(23C)(vi) of the Income tax Act, 1961, effective from the assessment year 2012 13 onwards, issued under section 10(23C)(vi) read with rule 2CA of the Income tax Rules, 1962. The approval is conditional on the society conforming to and complying with the provisions of sub clause (vi) of clause (23C) of section 10 and rule 2CA of the Income tax Rules, 1962.