Annuity plan specification under section 80C: Immediate Annuity Plan of ICICI Prudential recognised for tax purpose from the assessment year.
Central Government specifies the Immediate Annuity Plan of the ICICI Prudential Life Insurance Company Limited, as approved by the Insurance Regulatory and Development Authority, as the annuity plan for the purposes of clause (xii) of sub section (2) of section 80C of the Income tax Act, applicable from the assessment year 2007 08 and subsequent years.

Special Economic Zone designation for IT/ITES establishes regulatory status and constitutive Approval Committee, aligning customs treatment.
Declaration of a sector-specific Special Economic Zone for information technology and IT enabled services at Thrikkakara North proposed by M/s. Sutherland Global Services Private Limited, approved under the Special Economic Zones Act, 2005, with the specified land (survey 321 Part, c.10.1175 hectares) notified as the SEZ; an Approval Committee is constituted with designated ex officio members and a developer representative as special invitee; the SEZ is also appointed to be deemed an Inland Container Depot under the Customs Act.

Section 35AC deduction projects approved: notified institutions and eligible project costs allowed as deductions over specified approval periods.
The Central Government, on the National Committee's recommendations, notifies specified institutions and approves their eligible projects or schemes for deduction under section 35AC by listing each institution, the project description, the estimated project cost and the maximum amount of that cost allowable as a deduction for the defined approval period; certain approvals run for two financial years and others for three, and some entries expressly include corpus fund components within the deductible ceiling.

Built-up area requirement revised: lower minima for B1 and B2 cities under SEZ rules, plus city classification annexure.
The amendment to rule 5 imposes differentiated minimum built-up area requirements by city classification, specifying reduced minima for SEZs in B1 and B2 category cities, and replaces the proviso in rule 5(2)(c) so it applies to projects "having area less than one thousand hectares" rather than to projects described "for a specific sector."

Return filing obligation: specified firms, individuals/HUF and companies must file returns in prescribed manner under amended rules.
The notification amends the proviso to rule 12(3) to require firms filing Form ITR-5 and subject to audit provisions, individuals/HUFs filing Form ITR-4 and subject to audit provisions, and companies filing Form ITR-6 to furnish their returns in the manner specified in clause (ii) or clause (iii) for the relevant assessment years.

Long-term infrastructure bonds set conditions on eligible issuers, tenure, yield, PAN and reporting for tax-qualified subscriptions.
Long-term Infrastructure Bonds are specified for tax-favored subscription with conditions: named as Long-term Infrastructure Bond; issuable only by listed public and regulated finance entities and RBI-classified Infrastructure Finance Companies; issuance volume limited to a proportion of the issuer's prior incremental infrastructure investments, where 'investment' includes debt, quasi-equity and equity; minimum tenure and lock-in with post-lock-in exit and pledge rights; mandatory subscriber PAN; yield capped to corresponding government security yields reported by FIMMDA; proceeds limited to RBI-defined infrastructure lending and subject to auditor certification and regulatory filing.

Industrial park notification under Section 80-IA: project recognized as eligible, subject to invalidation for misrepresentation or unapproved amendments.
The Central Government notifies the identified project developed and operated by the undertaking as an industrial park under the Industrial Park Scheme, recording the commencement date and making the approval conditional on accurate application materials. The approval is liable to be invalidated if the undertaking furnished misinformation or omitted material facts, if the location is already notified for another undertaking, or if the project plan is amended without prior governmental approval, with the undertaking responsible for any resulting repercussions.

Import policy amendment makes items under Exim Code 7326 90 99 freely importable under amended ITC(HS).
Import policy amended by Notification No. 52/2009-2014 to list Exim Code 7326 90 99 in Schedule 1 of the ITC(HS) as "Free", effected under powers conferred by the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 2.1 of the Foreign Trade Policy, 2009-2014, thereby removing import restrictions for that tariff line.

Tariff classification alignment updates introduce new and substituted ITC(HS) headings for coir, carpets and handloom items with free policy.
The Central Government amends Schedule I of the ITC(HS) Classification to substitute and insert subheadings and item descriptions across Chapters 53, 56, 57 and 94, creating discrete tariff classifications for coir fibres and value added coir products, spooled hanks, coir geotextiles, rubberised coir needled felt, handloom carpets, rugs, mats and cotton durries; each amended or newly inserted item is assigned an import policy status of Free.

Special Economic Zone designation for biotechnology creates notified SEZ with approval committee and ICD status effective.
Notification designates a sector-specific Special Economic Zone for biotechnology at Village Pathardi, Ratnagiri, totaling 10.36 hectares under the Special Economic Zones Act, 2005, following grant of letter of approval for development, operation and maintenance. The Central Government constitutes an Approval Committee with specified ex officio members and a developer representative as special invitee, and declares the SEZ to be an Inland Container Depot under the Customs Act, 1962.

Anti-dumping duty imposed on imports of Diethyl Thio Phosphoryl Chloride, enforcing producer specific rates and currency conversion rules.
Definitive anti-dumping duty is imposed on Diethyl Thio Phosphoryl Chloride imports from the People's Republic of China, applying producer specific and residual per kilogram rates denominated in US dollars for named producers and exporters and for other combinations or third country transactions, payable in Indian currency; the conversion uses the government prescribed exchange rate applicable on the bill of entry date.

Common Adjudicating Authority appointed to adjudicate show cause notices under Customs Act, conferring transfer of adjudicatory powers.
The Central Board of Excise and Customs appoints a Common Adjudicating Authority by authorising the Commissioner of Customs (Sea Port-Import), Chennai to exercise the powers and discharge the duties of the Joint Commissioner of Customs (Sea Port-Import), Kolkata for adjudicating show cause notices issued to M/s Eastern Equipment Enterprises and others by the Additional Director, Directorate General of Revenue Intelligence, Chennai Zonal Unit, dated 1 June 2010, pursuant to section 4(1) of the Customs Act, 1962.

Common Adjudicating Authority designated to adjudicate show cause notices arising from revenue intelligence investigations under Customs Act
The Central Board of Excise and Customs appoints the Commissioner of Customs (Import), Nava Sheva as Common Adjudicating Authority, authorised to exercise the powers and perform the duties of two specified Commissioners of Customs solely for adjudication of proceedings arising from a particular show cause notice issued by the investigating directorate concerning Sunil Gupta and others.

Appointment of Common Adjudicating Authority centralises adjudication of specified DRI show cause notices to Bangalore customs.
The Central Board of Excise and Customs, invoking the Customs Act, appoints the Commissioner of Customs, Bangalore as the Common Adjudicating Authority to exercise the powers and discharge the duties of the officers listed in the notification with respect to the specified show cause notices issued by the Directorate of Revenue Intelligence, Bangalore Zonal Unit concerning M/s. Hewlett-Packard India Sales Pvt. Ltd. and others, thereby centralising adjudication of those matters.

Common Adjudicating Authority appointment empowers a designated Commissioner to adjudicate specified customs show cause notices.
Authorises a Commissioner of Customs to exercise the powers and duties of two Assistant/Deputy Commissioners of Customs for adjudicating specified show cause notices, under the statutory provision for delegation of adjudicatory functions, limited to matters relating to the referenced notices and parties.

Common adjudicating authority appointed to exercise another customs adjudicator's powers for adjudication of show cause notices.
Under powers conferred by sub section (1) of section 4 and sub section (1) of section 5 of the Customs Act, 1962, the Central Board of Excise and Customs appoints the Commissioner of Customs, Customs House, Ahmedabad as a Common Adjudicating Authority to exercise the powers and discharge the duties of the Additional Commissioner of Customs, Kandla, for adjudicating matters arising from the specified show cause notice issued by the Directorate of Revenue Intelligence, Zonal Unit, Ahmedabad.

Common Adjudicating Authority appointment transfers adjudicatory powers to another Commissioner to decide a specific DRI show-cause matter.
Appoints the Commissioner of Customs, the Mall, Amritsar as the Common Adjudicating Authority empowered to exercise the adjudicatory powers and duties of the Commissioner of Customs (Import), JNCH, Nava Sheva, Raigad, for the limited purpose of adjudicating matters arising from a specified show-cause notice issued to M/s. Tristar Airconditioning Pvt. Ltd. and others, pursuant to statutory delegation under the Customs Act and recorded by government notification.

Common Adjudicating Authority appointed to adjudicate show cause notice concerning H.F. Metal Art Pvt. Ltd. and others.
Appointment of a Common Adjudicating Authority under sections 4(1) and 5(1) of the Customs Act, 1962 by designating the Additional/Joint Commissioner of Customs, Inland Container Depot, Tughlakabad to exercise the powers and duties of specified Additional Commissioners of Customs for adjudicating a show cause notice issued to M/s. H.F. Metal Art Pvt. Ltd. and others dated 6th April, 2010.

Appointment of Common Adjudicating Authority centralizes adjudicatory powers for specified customs show cause proceedings.
Under statutory authority, the Central Board appoints the Commissioner of Customs and Central Excise, Delhi IV, Faridabad as a Common Adjudicating Authority to exercise the powers and duties of specified Additional/Joint Commissioners solely for adjudicating the show cause proceedings arising from the notice concerning M/s. Garg Impex and related parties, as referenced in the relevant administrative file.

Common Adjudicating Authority appointment assigns Commissioner authority to adjudicate show cause proceedings against specified importers.
Appointment of a Common Adjudicating Authority designates the Commissioner of Customs, Amritsar to exercise and discharge the adjudicatory powers and duties of specified customs adjudicators for the limited purpose of hearing and deciding matters arising from the show cause notice relating to M/s. Gambhir Fabrics and others, thereby consolidating adjudication of those proceedings before a single authorised officer.