Tax exemption under clause (23) granted to a society, conditional on income application, permitted investments, and separate books for incidental business.
Notification grants tax-exempt status to the Jawaharlal Nehru Hockey Tournament Society under clause (23) of section 10 for specified assessment years, conditioned on exclusive application or permitted accumulation of income per section 11, restriction of investments to permitted modes, prohibition on distribution of income to members except by grants to affiliated bodies, and exclusion of business profits unless incidental to the society's objects with separate books of account.

Duty Entitlement Pass Book validity extended - amendment deems passes valid until month end when expiry falls earlier.
The amendment inserts a proviso to Notification No. 34/97-Cus condition (iv) deeming a Duty Entitlement Pass Book valid until the last day of the month when its expiry falls before that day, and substitutes the phrase "Provided further that" for "Provided that" in the following proviso.

EPCG scheme exemption expanded to include marine products and specified freezing, refrigeration and packing machinery.
Amendment expands the scope of the EPCG Scheme exemption to include marine products with corresponding changes to the proviso and Explanation, renumbers the original annexure as Annexure I, and inserts an Annexure II listing plant, machinery, equipment and accessories (freezing, refrigeration, packing, weighing, handling and cold storage systems) that qualify for exemption when imported for marine products under the notification.

Anti-dumping duty rescission removes prior levy on Bisphenol-A imports from specified countries under Customs Tariff authority.
Anti-dumping duty on imports of Bisphenol-A from Brazil and Russia is rescinded by the Central Government under powers conferred by the Customs Tariff Act and the anti-dumping rules, withdrawing Notification No. 169/95-Customs and removing the legal basis for assessment and collection of that duty for those imports.

Anti-dumping duty continuation on Bisphenol-A imports from Russia and Brazil maintained under Customs Tariff Act, duties notified.
The Central Government, under section 9A of the Customs Tariff Act and rule 23 of the Anti-dumping Rules, confirms continuation of anti-dumping duties on Bisphenol-A imports originating in or exported from Russia and Brazil at the existing per-metric-tonne rates specified by the designated authority's review, applicable to goods under Chapter 29 of the First Schedule; the notification remains in effect up to and inclusive of 21 December 2000.

Safeguard duty amendment narrows application by exempting specified developing countries and adjusts the applicable duty rate.
The government amends three safeguard-duty notifications to exempt imports from countries designated as developing countries except specified jurisdictions, to substitute a lower percentage duty rate in one notification for imports up to a stated date, and to expand each notification's Explanation to include Annual Advance Licence instruments issued under the referenced export import policy.

Exchange rate determination for export goods: prescribed currency-to-rupee conversion rates govern export valuation and compliance.
Determines exchange rates for conversion between specified foreign currencies and Indian rupees for export goods under statutory authority, superseding the prior notification, and prescribes specific rupee equivalents in Schedule I (per unit) and Schedule II (per 100 units) to be applied for export valuation, documentation and compliance from the stated commencement date.

Exchange rate determination set for imported goods, governing stamp duty and customs valuation as per prescribed schedules.
Prescribes exchange rates for specified foreign currencies to be used for calculating stamp duty under the Indian Stamp Act, 1899 and for determinations under section 14 of the Customs Act, 1962 in relation to imported goods; supersedes the prior notification and fixes the applicable rupee equivalents in Schedule I and Schedule II, effective from 1st July, 1999.

Section 10(23) notification grants tax-exempt status subject to exclusive application of income, investment and business accounting conditions.
Notification designates Brihanmumbai Kreeda Ani Lalitkala Pratisthan, Mumbai as eligible for tax exemption under clause (23) of section 10 for specified assessment years, conditional on exclusive application or permissible accumulation of income to its objects, investment or deposit of funds only in permitted modes, prohibition on distribution of income to members except grants to affiliated bodies, and exclusion of business profits unless the business is incidental and accounted for in separate books.

Tax exemption under section 10(23) for a society subject to specified application, investment, distribution and business-accounting conditions.
Notification designates the Jewaharlal Nehru Hockey Tournament Society, New Delhi, as eligible under section 10(23), subject to conditions: income must be applied or accumulated exclusively for its objects under the relevant provisions; investments are restricted to statutory modes except specified tangible forms for voluntary contributions; income may not be distributed to members except as grants to affiliated institutions; and profits and gains of business are excluded unless incidental to objectives with separate books maintained.

Retrenchment compensation limit set as the exemption ceiling for workman payments received at the time of retrenchment under applicable laws.
The Central Government specifies a ceiling of five lakhs rupees as the maximum amount of retrenchment compensation exempt for a workman under Section 10(10B) of the Income-tax Act, applicable to amounts received under the Industrial Disputes Act, other statutes, standing orders, awards, contracts of service or otherwise at the time of retrenchment on or after the stated commencement date.

Refund procedure required: refunds payable only through the prescribed statutory mechanism under the Act for central excise.
The amendment inserts a proviso to Rule 9B(5) of the Central Excise Rules, 1944 requiring that where an assessee is entitled to a refund, such refund shall not be made except in accordance with the procedure established under sub section (2) of section 11B of the Act, thereby conditioning disbursement on compliance with the statutory refund mechanism.

Customs port designation: Jaigad added for loading of molasses for export under statutory powers notification.
Amendment designates Jaigad as a notified customs port for the specific purpose of loading molasses for export by inserting item (9) Jaigad in the notification Table and recording Loading of Molasses for export as the authorised activity, effected under the powers conferred by clause (a) of Section 7 of the Customs Act, 1962.

Applicants under section 245N specified: public sector companies and persons seeking advance rulings on non resident tax liabilities.
Specification under section 245N identifies two classes of eligible applicants for Chapter XIX-B: a public sector company as defined in the Act; and a person seeking an advance ruling on the tax liability of a non resident arising from a transaction undertaken or proposed with a non resident. The notification comes into force upon publication in the Official Gazette.

Applicant eligibility under Chapter XIX-B: public sector companies and advance-ruling seekers for non-resident transaction tax liability.
Specification of classes of applicants for Chapter XIX-B: a public sector company qualifies as an applicant; and a person seeking an advance ruling on the tax liability of a non-resident arising from a transaction undertaken or proposed by that person with another non-resident also qualifies. The notification operates from its publication in the Official Gazette.

Deemed exports: supplies to mega power projects now treated as deemed exports, extending export-linked eligibility and benefits.
The Foreign Trade Policy is amended to include supplies to mega power projects within the scope of Deemed Exports by modifying references to clause 10.2(g) and the cross-reference in paragraph 7.6 so that the text concerning supplies to refineries also applies to supplies to mega power projects in terms of the related public notice, thereby expanding eligibility for deemed-export treatment under the policy.

Anti-dumping duty extension on Bisphenol-A continues pending review, notification amends earlier order to extend enforcement.
The Central Government amended Notification No. 63/98-Customs to insert an operative paragraph extending the anti-dumping duty on Bisphenol-A originating in or exported from Japan, maintaining the existing levy pending review investigations, pursuant to powers conferred by the Customs Tariff Act and the rules governing identification, assessment and collection of anti-dumping duty.

Tax exemption notification conditions charitable status on exclusive application of income and restricted investment modes.
Pirojsha Godrej Foundation, Mumbai, is notified as eligible under the tax provision for charitable institutions for specified assessment years provided it applies or accumulates income exclusively to its objects; restricts investments or deposits of funds (other than certain retained voluntary contributions) to legally permitted modes; and excludes business profits unless the business is incidental to its objects with separate books maintained.

Central Excise amendment adds Propylene and Tertiary Amyl Methylene Ether and revises specified district listing in notification.
The central excise notification is amended by substituting clause (b) of paragraph 1 to add Propylene and Tertiory Amyl Methylene Ether to the listed chemicals, and by replacing sub clause (zp) in paragraph 2, clause (i) with an entry specifying "amnagar District (Gujarat)".

Movement of Propylene and Tertiary Amyl Methylene Ether permitted between warehouses following notification amendment.
Under rule 139 of the Central Excise Rules, 1944, Notification No. 21/86 Central Excise (Non Tariff) is amended by substituting the first paragraph's list so that Benzene, Toluene, Xylene, Propylene and Tertiary Amyl Methylene Ether are included, thereby permitting movement of Propylene and Tertiary Amyl Methylene Ether from one warehouse to another.