Prevention of money laundering authority expansion: three investigative agencies added to the designated entities list under the Act.
The Central Government, exercising powers under clause (ii) of Section 66 of the Prevention of Money Laundering Act and being satisfied it is necessary in the public interest, amends notification G.S.R. 381(E) (27 June 2006) by inserting three additional investigative agencies after serial number (9), thereby expanding the list of entities specified in the original notification.

Exchange rate determination fixes conversion rates for specified foreign currencies for import and export effective January 1, 2010.
The Central Board issues a statutory notification under the Customs Act prescribing conversion rates for specified foreign currencies into Indian rupees and vice versa for customs valuation of imported and exported goods, superseding the prior notification and providing separate scheduled import conversion rates and export conversion rates for each listed currency.

De-notification amendment corrects survey number for Perungalathur SEZ, clarifying the land parcel identified for IT/ITES development.
The Central Government amends an earlier notification de-notifying an area at Perungalathur village for an IT/ITES Special Economic Zone by correcting the survey number cited in the fifth paragraph of S.O. 2857(E), thereby clarifying the land parcel identification subject to the de-notification under powers conferred by Section 4 of the Special Economic Zones Act, 2005 and rule 8 of the SEZ Rules, 2006.

Export tariff adjustment under Customs Act authorises substitution of a lower ad valorem rate with a higher ad valorem rate.
The Central Government, invoking sub-section (1) of section 25 of the Customs Act, 1962, amends Notification No. 79/2008-Customs by substituting the figures and words "5% ad valorem" with "10% ad valorem" in the principal notification, recording the change as necessary in the public interest and citing the principal notification and its earlier amendment.

Export duty exemption for iron ore fines caps customs levy on exports by reference to an ad valorem ceiling.
Exemption from customs duty for exported iron ore fines is provided under powers of the Customs Act, 1962, by limiting the duty leviable on iron ore fines in the Second Schedule to the Customs Tariff Act, 1975, so that duty in excess of an amount calculated at the rate of 5% ad valorem is exempted, thereby capping the effective export duty on the specified commodity.

Rescission of customs notification under Customs Act removes earlier export tariff notification while preserving prior actions.
The Central Government rescinds Notification No. 129/2008-Customs addressing export tariff matters by exercising its statutory power to revoke notifications, withdrawing its continuing effect while expressly preserving things done or omitted to be done before the rescission.

Prohibition on import of milk products extended, maintaining ban on milk based food imports from China for a further period.
The Central Government, invoking powers under the Foreign Trade (Development and Regulation) Act and paragraph 2.1 of the Foreign Trade Policy, 2009-14, extends the prohibition on import of milk and milk products from China-including chocolates, chocolate products, candies, confectionery and food preparations with milk or milk solids-for a further six month period from 24 December 2009 and until further orders, issued in public interest by the Director General of Foreign Trade.

Common adjudication authority appointed to adjudicate show cause notices relating to Wings India Fashions and others.
The Deputy/Assistant Commissioner of Customs (Air Cargo Complex), New Delhi is appointed as a common adjudication authority under sub section (1) of Section 4 and sub section (1) of Section 5 of the Customs Act, 1962 to exercise the powers and discharge duties of specified Deputy/Assistant Commissioners of Customs at other locations for adjudication of Show Cause Notices relating to M/s. Wings (India) Fashions Private Limited and others.

Common Adjudicating Authority appointed to adjudicate show cause notices concerning a company and others under the Customs Act.
Pursuant to powers under the Customs Act, the Central Board appoints the Commissioner of Customs and Central Excise, Goa as a Common Adjudicating Authority to exercise the adjudicatory powers and duties of three specified Commissioners of Customs solely for adjudication of show cause notices issued by the revenue intelligence unit in relation to M/s. Grand Organics and others, thereby consolidating jurisdiction for those specific proceedings.

Common adjudicating authority appointed to centralize adjudication of show cause notices against a named importer.
The Central Board of Excise and Customs appoints the Commissioner of Customs, Inland Container Depot, Tughlakabad as a Common Adjudicating Authority empowered to exercise the powers and discharge the duties of the Commissioners of Customs at JNPT, Chennai and Kandla for the purpose of adjudicating Show Cause Notices issued in relation to M/s. Shivalik Impex and others (F.No.23/11/2008-DZU/6586 to 6600 dated 26th December, 2008).

Provisional anti-dumping assessment imposed on CRT imports from a Korean exporter pending new-shipper review, subject to security.
The Central Government orders provisional assessment of cathode ray colour television picture tubes exported by M/s Meridian Solar & Display Company Ltd. (Korea RP) pending completion of a new shipper review under rule 22. Such provisional assessment may be secured by a security or guarantee as deemed fit by the Assistant or Deputy Commissioner of Customs to meet any deficiency if a definitive anti dumping duty is imposed retrospectively. If the review recommends duty, the importer will be liable to pay the recommended duty from the date of initiation of the review.

Anti dumping duty on Sodium Nitrite from China PR modified to address continued dumped imports and industry injury.
The Central Government imposed a definitive anti dumping duty on Sodium Nitrite (sub heading 2834 10 10) originating in or exported from the People's Republic of China. Duty is calculated as the difference between the specified amount per metric tonne (in US dollars as set out in the Table) and the landed value of imported goods; it is payable in Indian currency. The measure covers imports, re exports and trans shipments involving China PR and remains in force up to and inclusive of 30th June, 2011, with explanations on landed value and applicable exchange rate.

Anti-dumping duty imposed on flax fabric imports; definitive duties and multi-year levy follow final injury findings.
Definitive anti-dumping duty is imposed on Flax fabric imports from the People's Republic of China and Hong Kong after findings of dumped imports causing material injury; duties are fixed per unit in Indian currency against the landed value, with distinctions by origin, export country, producer and exporter, and calculation rules specifying landed value and applicable rate of exchange tied to the bill of entry date. The duty is levied for a multi-year period from the provisional imposition date, payable in Indian currency and subject to possible earlier revocation or amendment.

Tax exemption approval for an educational institution subject to income application, permitted investments, recordkeeping and dissolution rules.
Approval is granted to an educational institution for tax-exempt status for the assessment year onward, conditioned on exclusive application or accumulation of income for its objects, permitted modes of investment, exclusion of non-incidental business income unless separately accounted, regular filing of income-tax returns, transfer of surplus and assets on dissolution to a similar charitable organization, and non-application to anonymous donations under the specified proviso.

Valuation of perquisites revised; governs employer provided benefits valuation and fair market value for employee stock options.
Determination of the value of perquisites for salaried taxpayers is restated by substituted Rule 3, prescribing valuation methods for residential accommodation, motor car use, domestic services, utilities, education, travel, food, gifts, credit card and club expenses, use or transfer of movable assets, and other amenities. Valuations use prescribed percentages of salary, actual employer expenditure, fixed monthly amounts, cost to the employer, or fair market value for securities, reduced by amounts paid or recovered from the employee. Documentary and certification conditions permit attribution of higher official-use reductions. The rule has a stated effective date and Rule 40F limits application for later assessment years.

Consultation requirement with Union Public Service Commission added to SEZ Stenographer Grade I recruitment rules, formalising selection procedure.
Amendment inserts a mandatory consultation requirement "and in consultation with the Union Public Service Commission" into rule 5 of the Noida Special Economic Zone Stenographer Grade I Recruitment Rules, 2003, immediately following the words "for reasons to be recorded in writing," thereby formalising UPSC involvement in the recruitment process.

Consultation with Union Public Service Commission required for actions under Noida Special Economic Zone recruitment rules.
Insertion into rule 5 of the 2003 Recruitment Rules mandates that the words "and in consultation with the Union Public Service Commission" follow ''for reasons to be recorded in writing'', thereby requiring consultation with the Commission as a formal element of the rule.

Fixation of tariff values updating the reference tariff-value table for specified edible oils, brass scrap and poppy seeds.
The Board, under sub-section (2) of section 14 of the Customs Act, 1962, substitutes the Table in Notification No. 36/2001-Cus (N.T.) with a new tariff-value Table listing US$ per metric tonne reference values for specified tariff items, including various edible oils, Brass Scrap (all grades), and Poppy seeds, with most entries marked as unchanged and Brass Scrap specified with a tariff value.

Rescission of anti-dumping duty notification withdraws the prior Customs instrument while preserving prior actions.
The Government rescinds Notification No. 74/2009 - a Customs anti-dumping duty instrument - under section 9A of the Customs Tariff Act, 1975 and rules 13, 18 and 20 of the 1995 Anti-dumping Rules, while preserving a saving clause that the rescission does not affect things done or omitted to be done before such rescission.

Anti-dumping duty on phosphoric acid imposed for dumped imports from Korea RP, specified per tonne and currency-conversion rules applied.
The Central Government has imposed definitive anti-dumping duty on imports of phosphoric acid (all grades and concentrations, excluding agricultural/fertiliser grade) originating in or exported from Korea RP after findings of dumped exports at prices below normal value, dumping margins above de minimis, and material injury to domestic industry caused by price and volume effects; the duty is specified per metric tonne in US dollars, payable in Indian currency, and levied for a fixed period from the date of provisional imposition, with exchange-rate conversion governed by Customs Act notifications and bill-of-entry presentation date.