Exchange rate determination for customs conversion prescribes distinct import and export conversion rates for listed foreign currencies.
Notification prescribing exchange rates for customs conversion effective 20 July 2012, superseding the prior notification and listing per currency conversion rates for imported and export goods in Schedule I and the 100 unit Japanese Yen rate in Schedule II; corrigendum in January 2014 corrected two Japan related entries.

Anti-dumping duty continuation on acetone maintained, extending import control measures for a further specified review period.
The Central Government, invoking the powers under sub-sections (1) and (5) of Section 9A of the Customs Tariff Act and rule 23 of the relevant rules, amends the earlier notification imposing anti-dumping duty on imports of acetone so that "Notwithstanding anything contained herein above, this notification shall remain in force up to and inclusive of the 18th day of June, 2013, unless revoked earlier".

Special Economic Zone denotification under rule 8: Central Government rescinds prior SEZ notification for the specified area.
The Central Government, invoking the first proviso to rule 8 of the Special Economic Zone Rules, 2006, rescinded the notification that had designated 24.055 hectares at Kalapatty Village as a sector specific Special Economic Zone for information technology and IT enabled services, following the developer's proposal and grant of a letter of approval for denotification; the rescission is subject to previous acts or omissions.

Common adjudicating authority appointed to consolidate adjudication of show cause notices and exercise statutory powers.
The Central Board of Excise and Customs, under sections 4(1) and 5(1) of the Customs Act, 1962, appoints the Joint Commissioner or Additional Commissioner of Customs (Imports), Jawaharlal Nehru Custom House, Nhava Sheva, Raigad, Maharashtra, as a common adjudicating authority to exercise the powers and discharge the duties of two named Additional Commissioners for adjudicating the show cause notices issued to M/s A.S. Enterprises by the Directorate of Revenue Intelligence, Zonal Unit, Ahmedabad.

Common adjudicating authority appointed to hear a show cause notice under Customs Act, consolidating port and import adjudication.
The Central Board of Excise and Customs appoints the Joint Commissioner or Additional Commissioner of Customs (Port), Custom House, Kolkata as the common adjudicating authority to exercise the powers and duties of the Additional Commissioner of Customs (Port), Kolkata and the Additional Commissioner of Customs (Imports), Mumbai for adjudicating matters arising from the Show Cause Notice issued to M/s New Star Enterprises by the Joint Director, DRI, Ahmedabad dated 19 March 2012 under sections 4 and 5 of the Customs Act, 1962.

Tax exemption approval under section 10(23C)(vi) granted subject to compliance, effective from the stated assessment year.
Approval is granted to Alankar Society for Higher Education under section 10(23C)(vi) read with rule 2CA by the Chief Commissioner of Income-tax, effective from the specified assessment year onwards, subject to the society's conformity with the provisions of the cited sub-clause and rule.

Anti-dumping duty on grinding media imports imposed, targeting exporters and producers with duties levied in domestic currency.
Imposition of definitive anti-dumping duty on 'Grinding Media Balls' (excluding Forged Grinding Media Balls) originating in or exported from China PR and Thailand, adopting findings of dumping, material injury and causal link; duties are specified in a duty table tied to tariff subheading, origin, export country, producer and exporter, payable in Indian currency, levied for five years from publication unless earlier revoked, with exchange rate for calculation as notified under section 14 of the Customs Act and relevant date being the bill of entry presentation under section 46.

Assignment of adjudication: show cause notice transferred to designated adjudicating authority for adjudication under customs law.
The Board, under powers conferred by the customs non tariff notification made under the Customs Act, assigns a show cause notice issued by the Directorate of Revenue Intelligence in the matter of Maa Jawala Enterprises and others to the Commissioner as the Common Adjudicating Authority, transferring responsibility to that office to adjudicate the notice.

Tariff valuation revised: customs notification substitutes tariff-value tables setting USD values for oils, metals and bullion.
Under section 14(2) of the Customs Act, the Central Board of Excise & Customs substitutes TABLE-1 and TABLE-2 of Notification No. 36/2001-Customs (N.T.), fixing tariff values in US dollars for specified imports. TABLE-1 addresses specified vegetable oils, brass scrap and poppy seeds, indicating unchanged or revised per metric tonne values. TABLE-2 fixes tariff values for gold and silver for goods claiming benefits under specified entries of Notification No. 12/2012-Customs, stated per ten grams for gold and per kilogram for silver.

Customs tariff amendment updates concession rates, revises specified tariff classifications and deletes a proviso clause in notification.
The notification amends the exemption table of Notification No. 12/2012 Customs by substituting 10% in column (4) for S. Nos. 76-78 and replacing the column (2) entry for S. No. 334 with the specified tariff headings "7208, 7209, 7210, 7211, 7212, 7225 30 90, 7225 40 19, 7225 50 or 7225 99 00"; it also omits clause (b) of the proviso following the table.

Central Declaration Forms online submission required; credit allowed only on online data, physical forms collateral.
Dealers must submit quarter-wise online details of Central Declaration Forms for stock transfers and concessional inter-state sales from 01.04.2011 using Form CD-1; filing deadlines align with the reconciliation return DVAT-51. Tax credit for CDFs from 2011-12 onward will be allowed only on online information, with physical CDFs treated as collateral evidence; absence of online submission will lead to presumption that no CDFs were submitted and assessment accordingly.

Common Adjudicating Authority assignment under customs law: show cause notice transferred for administrative adjudication proceedings.
Pursuant to a Notification issued under sub section (1) of section 4 of the Customs Act, the Board assigns the Show Cause Notice issued in the referenced investigation concerning M/s Dow Chemical International P. Ltd. to the Commissioner of Customs (Import), Jawaharlal Nehru Custom House, Nhava Sheva, as the Common Adjudicating Authority for the purpose of adjudication.

Service tax corrigendum removes the phrase 'in excess of the service tax' from the notification's paragraph one.
Corrigendum amends Notification No. 42/2012 Service Tax by directing the omission of the phrase "in excess of the service tax" from paragraph one of that notification, as published in the Gazette of India, Extraordinary.

Customs notification amendment revises authorised port operations at Dabhol Port, clarifying permitted import, unloading and ship repair activities.
Amendment under the powers of Section 7(1)(a) substitutes the Table entries for Dabhol Port in the Maharashtra schedule, authorising unloading of machinery and equipment for a specified power project, unloading of liquefied natural gas and naphtha, loading of imported machinery for export related to that project, and specified import, unloading, manufacture/repair and export activities by a named shipyard concerning ships, barges and similar vessels and rigs.

LLP winding up procedures: standardized initiation, creditor involvement, liquidator duties and Tribunal supervision for dissolution.
Comprehensive rules establish procedures for voluntary and Tribunal-ordered winding up of LLPs, detailing initiation criteria, creditor engagement, declaration of solvency, appointment and duties of LLP Liquidators and Liquidators (including security, conflict disclosures, accounting, audits and quarterly reporting), custody and preservation of assets, proof of debts and priority of distribution, sale as going concern, Tribunal powers to investigate fraud or transfer proceedings, and standardized forms, notices, registers and timelines for filings, inspections, and final dissolution.

Commencement of amendment provisions appoints a notified date for operation of specified sections under companies amendment.
Central Government, under the commencement power of the Companies (Second Amendment) Act, 2002, appoints a day in August 2012 as the date on which specified amendment sections shall come into force, operating in relation to certain provisions of the Companies Act, 1956; the notification is issued by the Ministry of Corporate Affairs and recorded by the Joint Secretary.

Commencement of LLP Act provisions: notification inserts specific sections into earlier schedule, bringing them into force.
Notification amends the prior commencement notification by inserting entries to commence Section 51 and Sections 63-65 of the Limited Liability Partnership Act, 2008, thereby formally bringing those specified provisions into force via amendment of the earlier schedule.

Company petitions to change registered office or seek relief require prescribed e forms, published notice, creditor lists and verified affidavits.
Rules insert procedural requirements and forms for petitions under sections 17, 141 and 188: Form 1 with Form 24AAA must be filed electronically; companies must publish and serve notices, file affidavits proving service and dispatch, and supply a list of creditors and debenture holders with amounts; deponents and specified officers must verify petitions by first person affidavit specifying statements true to knowledge, information, belief or legal advice; Annexure E supplies Form 1 and Form 2 and enumerates required attachments, and the Regional Director may permit joinder, decide without hearing if no objections, or admit late objections in discretion.

Fee schedule amendment omits specified application and petition entries under the Company Law Board rules.
The Company Law Board (Fees on Application and Petitions) (Amendment) Rules, 2012 amend the 1991 fee rules under the Companies Act, 1956 by omitting serial numbers 1, 2, 3, 13 and 18, together with the corresponding Schedule entries. The amendment is made under the Central Government's rule-making power and takes effect from 12 August 2012.

Delegation of Central Government powers under Companies Act to Registrars of Companies, subject to revocation and specified conditions.
The Central Government delegates specified statutory powers and functions under the Companies Act to the Registrar of Companies, while reserving the right to revoke the delegation or to exercise those powers itself in the public interest. The delegation covers a defined set of provisions and supersedes an earlier notification. For the power concerning meetings/applicant matters, the Registrar of the State of the company's registered office or of the applicant's ordinary residence may exercise the power.