Statutory rate fixation under Fourth Schedule rule 6(b) establishes a new rate effective in 2001, superseding prior notification.
The Central Government, under clause (b) of rule 6 of Part A of the Fourth Schedule to the Income tax Act, fixes a percentage rate effective 1 April 2001 by Notification S.O.484(E) dated 30 May 2001, superseding Notification S.O.120(E) dated 27 March 1986; the instrument was later superseded by Notification 69/2010 dated 26 August 2010.

Tax exemption for a charitable institution conditioned on exclusive application of income, permitted investments, recordkeeping, and transfer on dissolution.
Notification grants conditional tax-exempt status to Shri Gajanan Maharaj Sansthan, Shegaon for specified assessment years, requiring application or accumulation of income exclusively for its objects, limiting investments (except certain voluntary contributions in kind) to prescribed modes, excluding business income unless incidental with separate books, mandating regular income-tax return filing, and directing that on dissolution surplus assets be transferred to a charitable organisation with similar objectives.

Renewal of recognition of a stock exchange granted subject to conditions, permitting continuance of contracts in securities.
Renewal of recognition is granted to the Uttar Pradesh Stock Exchange Association Limited under the Securities Contracts (Regulation) Act, 1956, authorising the Exchange to transact contracts in securities for the one-year period commencing 3 June 2001 and ending 2 June 2002, subject to the conditions specified in SEBI's referenced communication and any further conditions that may be prescribed or imposed.

Advance Licence for deemed exports: amendment requires licence production at customs clearance and expands coverage to power and refinery supplies.
The amendment requires the importer to produce, at the time of customs clearance for debit, the Advance Licence granted for deemed exports under the Export and Import Policy (paragraphs 7.3(c) and 7.2), and substitutes sub-clause (g) in the Explanation to include supply of goods to power and refinery projects not covered in (f).

Annual Advance Licence: amendment permits discharge of export obligation via supply from Annual Intermediate Licence holders to ultimate exporters.
The notification amendment permits an Annual Intermediate Licence holder to discharge export obligation by supplying resultant products to an ultimate exporter holding an Annual Advance Licence under paragraph 7.3(b) of the Export and Import Policy 1997-2002, and expressly defines Annual Advance Licence to include licences issued for intermediate supply under that policy provision.

Extension of export obligation permits licensing authority to grant additional time when substantial fulfilment occurs.
The notification inserts a proviso allowing the licensing authority to grant a two-year extension of the EPCG export obligation period where the importer fulfils sixty percent or more of the export obligation within eight years, the extension to include the one year from the preceding proviso.

Investment advice disclosure required: intermediaries must reveal personal, family and employer positions when advising in public media.
The amendments require specified market intermediaries to appoint a compliance officer tasked with monitoring legal and regulatory compliance, addressing investor grievances and immediately reporting observed non-compliance to the Board. They also prohibit intermediaries and their employees from giving investment advice in publicly accessible media unless they disclose their interests, including long or short positions in the security; employees must also disclose dependent family members' and the employer's interests and positions when rendering such advice.

Import exemption for recognized non-commercial schools now requires an education department certificate when not government-run.
Amendment includes recognized schools run on a non-commercial basis by any organisation within the class eligible for customs exemptions and requires that if such a school is not run by central, state, union territory or local government, the importer must furnish a certificate from the State or Union Territory Education Department certifying the school's recognition and non-commercial status.

Deemed plastic footwear rule clarifies that shoes with non-plastic components are treated as exclusively plastic for excise.
The amendment adds S.No. 123A exempting fabrics subjected to the dew drop process and manufactured from processed fabrics on which appropriate excise duty has already been paid (Nil rate). It further inserts an Explanation to S.No. 173A clarifying that plastic footwear containing buckles, tabs, eyelet stays or insoles of non-plastic material shall be deemed to be footwear made exclusively of plastic material for the purposes of the notification.

Duty drawback extension for furnace oil supplies to EOUs/EPZs continues under deemed export scheme until further orders.
The Director General of Foreign Trade, under paragraph 4.11 of the Export and Import Policy 1997-2002, extends the all industry duty drawback entitlement for furnace oil supplied by domestic oil companies to Export Oriented Units and Export Processing Zones under the deemed export scheme, continuing the drawback facility until further orders.

Exchange rate determination: New official exchange rates for export goods under Customs Act become effective, replacing prior notification.
Determination of official rate of exchange for conversion of specified foreign currencies into Indian rupees for export goods under the Customs Act, superseding a prior notification and prescribing per unit rates in Schedule I and per 100 unit rates in Schedule II to apply with effect from 1 June 2001 for export customs purposes.

Exchange rate determination for imported goods set for stamp duty and customs calculations, superseding prior notification.
Prescribes official exchange rates for conversion between specified foreign currencies and Indian rupees for calculating stamp duty under the Indian Stamp Act, 1899 and for purposes of section 14 of the Customs Act, 1962 in relation to imported goods; supersedes Notification No.17/2001 and notifies two schedules setting rates per one unit (Schedule I) and per 100 units (Schedule II), effective from 1st June, 2001.

Deposit acceptance limit reduced under Companies rules, lowering permissible deposit proportion and updating form entries accordingly.
The amendment substitutes the prior fifteen per cent figure with fourteen per cent in rule 3(1)(c) and in the Form, Part I, item 2(b) entries (vi)-(viii) and item 4(b) entries (vi)-(viii), reducing the statutory proportional limit applicable to acceptance of deposits.

Removal of excisable goods without duty: notification adds localities and includes Jamnagar as eligible warehouse location.
The Central Government amends Notification No. 266/67 C.E. under sub rule (2) of rule 49 and rule 139 of the Central Excise Rules, 1944 by inserting new sub clauses in paragraph 2 that add specified villages and localities as points from which excisable goods may be removed between warehouses without payment of duty, and by substituting wording in paragraph 3(a) to add an additional named location to the notification's place list.

Industrial park approval under section 80-IA imposes conditions on area allocation, infrastructure investment and compliance obligations.
Central Government notifies L & T Infocity Limited's undertaking as an industrial park under section 80-IA, subject to schedule conditions specifying promoter, location, area, permitted activities, unit numbers, allocable area rules, percentages for industrial and commercial use, investment and infrastructure expenditure minima, and definition of infrastructure. Conditions include a minimum industrial allocation of 66%, commercial allocation capped at 10%, limits on single unit occupation, separate approvals for foreign investment, continued operation during benefit period, and governmental power to withdraw approval for noncompliance or undisclosed material facts.

Tax exemption under section 10(23G) approved for a thermal power project, subject to compliance, books and audit reporting.
Approval is granted to BPL Power Projects (AP) Ltd.'s 2 x 260 MW Ramagundam coal-fired thermal power project for income-tax exemption under section 10(23G) read with rule 2E for specified assessment years. The approval is conditional on compliance with section 10(23G) and rule 2E, maintenance of books, obtaining an accountant's audit as required by the relevant sub-rule, and furnishing the audit report; the Central Government may withdraw approval if the undertaking ceases infrastructure operations or fails the accounting and reporting conditions.

Tax exemption approval under section 10(23G) confirmed for specified infrastructure undertakings, subject to compliance and audit conditions.
Approvals granted to specified enterprises for tax-exempt status under the Income-tax Act provision for assessment years 2002-2003 to 2004-2005, covering an 18 MW wind-farm by Karma Energy Limited and a 220 MW naphtha-based power project by Tanir Bavi Power Company Pvt. Ltd. Approval is conditional on compliance with rule 2E of the Income-tax Rules, including maintaining books of account, obtaining an audit, and furnishing the audit report; the Central Government may withdraw approval on ceasing infrastructure activity or failure to comply with accounting and audit obligations.

Interest on warehoused goods follows a reduced warehousing period, effective from 1 June 2001.
Interest on warehoused goods was linked to a reduced warehousing period, with the period brought down from six months to thirty days with effect from 1 June 2001. The Central Government issued the notification in exercise of powers under section 106 of the Finance Act, 2001, and appointed 1 June 2001 as the operative date for the purposes of that section.

Committee appointments under tax-linked welfare provisions reconstituted; chairman and members appointed for a fixed three-year term.
The Central Government reconstituted the National Committee for Promotion of Social and Economic Welfare under the income-tax statutory framework and governing rules by appointing a Chairman and thirteen members listed by name and designation to replace the prior members; these appointments take effect from 21 May 2001 for a three-year term and are issued pursuant to the enabling provisions and prior amendments concerning the Committee's constitution.

Withdrawal of import restrictions: two prior notifications rescinded, amending ITC(HS) classifications and removing specified import limits.
The Central Government, under the Foreign Trade (Development and Regulation) Act, 1992 and the Export and Import Policy, 1997-2002, has withdrawn Notification No. 11(RE-2001)/97-2002 dated 02.05.2001 and Notification No. 12(RE-2001) dated 08.05.2001, thereby removing the prior restrictions on specified imports and amending the ITC(HS) Classifications of Export and Import Items, 1997-2002; the measure is issued by the Director General of Foreign Trade in the public interest.