Perishable fish for human consumption may land at Petrapole via land route; breeding seed excluded.
The amendment permits landing by land at Petrapole of perishable fish items exclusively meant for human consumption, while expressly excluding seed material for breeding or rearing purposes, thereby creating a conditional entry point for such imports under the Live-stock Importation Act framework.

Customs jurisdiction expanded to include Port of Tuticorin, adjoining district areas and designated continental shelf and EEZ zones.
Substitutes the territorial description for serial number 8 to specify Port of Tuticorin, the area under the jurisdiction of the revenue district of Tuticorin in Tamilnadu, and designated areas in the continental shelf and Exclusive Economic Zone of India as declared by the Government of India; effected under powers conferred by sub section (1) of section 4 of the Customs Act, 1962.

Customs amendment: Ongole added as authorised export loading location under the governing customs notification.
Amendment to Notification No.12/97-CUSTOMS (N.T.) inserts Ongole in Prakasam District as an additional specified location for loading of export goods in the Table entry for the State of Andhra Pradesh, effected by adding entry (vii) "Ongole, Prakasam District - loading of export goods" and issued under powers conferred by the Customs Act.

Customs notification amendment adds Ravatha Road, Kota as a designated handling point for import unloading and export loading.
Inserts entry (vi) to Notification No.12/97-CUSTOMS (N.T.) Table, adding Ravatha Road, Kota as a designated customs handling point in Rajasthan authorized for unloading of imported goods and loading of export goods under the notification's schedule.

FOB value requirement: export FOB in current licensing year must not be lower than prior licensing year for licensing.
An amendment to Para 3.7.2 of the Foreign Trade Policy requires that the FOB value of exports during the licensing year 2004-05 not be lower than the FOB value of exports in the previous licensing year, expressly including exports covered under the related export category referenced in Para 3.7.5, as a condition of licensing.

CENVAT/Drawback entitlement adjustment permitted as CENVAT credit or duty drawback, subject to export FOB parity requirement.
Additional customs or excise duty paid in cash or debited under DFCE entitlement certificates shall be adjusted as CENVAT credit or Duty Drawback in accordance with rules framed by the Department of Revenue. A condition requires that the FOB value of exports during the licensing year not fall below the FOB value of exports in the previous licensing year, with the amendment made under powers to amend the Foreign Trade Policy.

Renewal of recognition for a regional stock exchange under the Securities Contracts (Regulation) Act, subject to regulatory conditions.
The Securities and Exchange Board of India, exercising powers under section 4 of the Securities Contracts (Regulation) Act, 1956 and having considered the application under section 3, renews recognition of the Uttar Pradesh Stock Exchange Association Limited for a limited period in respect of contracts in securities, subject to conditions that may be prescribed or imposed hereafter.

Refund eligibility expanded to include Canteen Stores Department purchases for resale, excluding goods specified in the Annexure.
Canteen Stores Department (CSD) of the Ministry of Defence is added as Entry No. 137 to the Sixth Schedule, making CSD eligible to claim VAT refunds for purchases made for resale in Delhi, subject to an Annexure that enumerates excluded categories and specific goods which do not qualify for refund; the amendment is notified under the Delhi VAT Act and takes immediate effect from 02.06.2005.

VAT exemption for Canteen Stores Department: sales to approved canteens and armed forces members exempt subject to specified conditions.
Inclusion of the Canteen Stores Department within the Fifth Schedule grants a conditional exemption from Delhi VAT for sales by the Department and approved regiment or unit-run canteens to members of the Armed Forces, subject to canteen registration and billing requirements, procurement from the Department at prices fixed by the Quarter Master General, treatment of refunded or non-sale utilizations as taxable turnover, and exclusion of listed annexure goods whose sales must be included in taxable turnover.

Anti-dumping duty rescission on vitamin imports after mid-term review finds dumping and injury not established.
The Central Government rescinds the notification imposing definitive anti-dumping duty on imports of Vitamin AD3 500/100 from the European Union and Singapore after a designated authority mid-term review found dumping, material injury and the causal relationship between them could not be established and recommended discontinuation, with the rescission subject to prior acts or omissions.

Tax exemption approval for BOT infrastructure projects conditions continued tax recognition on ongoing regulatory and audit compliance.
Approval is granted to a private tollway enterprise for two BOT highway widening and rehabilitation projects as eligible for income tax exemption for the concession period specified in the concession agreement, subject to continued conformity with the statutory provision and income tax rules. The Central Government may withdraw approval if the undertaking ceases to meet eligibility criteria, ceases the defined eligible business, fails to maintain and audit books of account as required, or fails to furnish the mandated audit report.

Double taxation agreement allocates taxing rights, limits source taxation and provides credit relief plus information exchange.
Bilateral Convention between India and Slovenia allocates taxing rights on various categories of income, defines residence and permanent establishment (with inclusions, exclusions and a 12 month construction threshold), and limits source taxation of business profits to amounts attributable to a permanent establishment. Dividends, interest and royalties may be taxed by the source State subject to specified withholding caps; immovable property and certain capital gains may be taxed where situated. Double taxation is eliminated principally by allowing a credit for tax paid in the other State. The treaty provides non discrimination, a mutual agreement procedure and exchange of information obligations.

Power to exclude products from Advance Licence permits DGFT to remove items from duty free input scheme by public notice.
The amendment authorises the Director General of Foreign Trade to exclude any product or products from the purview of Advance Licence by Public Notice, while restating that Advance Licences permit duty free import of inputs physically incorporated in export products and consumables used in production, allow mandatory spares up to a specified proportion of licence value, may be issued on SION, adhoc or self declared norms, and can be granted to manufacturer or merchant exporters for exports, intermediate supplies, specified contractor/subcontractor supplies, and to multilateral organisations paid in free foreign exchange.

Duty exemption for rotor blade inputs requires pre-clearance certification from a senior government officer before tax-free supply.
The amendment adds S.No. 237A granting a nil duty exemption for goods specified in newly inserted List 9A when used for manufacture of rotor blades for wind operated electricity generators, and introduces Condition 58A requiring, prior to clearance, a certificate from a senior government officer recommending the exemption and certifying that the goods are required for rotor blade manufacture.

Banking cash transaction tax compliance: scheduled banks must record transactions, remit tax, and file electronic returns monthly.
Scheduled banks must maintain daily particulars of taxable banking transactions at each branch in Form No.1, classify transactions by prescribed codes, remit collected banking cash transaction tax to the Central Government via RBI, SBI or authorised banks with a challan, and furnish monthly statements in Form No.2 on specified computer media. Annual returns in Form No.3 with Schedules A and B on prescribed media are due by 31 July following the financial year. Returns and electronic submissions must be signed and verified by authorised officers; notices, demands, refunds and appeals follow prescribed forms and procedures.

Easing of documentation requirements allows inter-departmental acceptance of export documents, streamlining export-import formalities.
Government departments will accept export documents issued by other departments (shipping bill, bank realisation certificate, packing list, bill of lading) pending a Single Common Document, avoiding fresh submissions. Advance Licences permit duty-free import of inputs under the actual user condition and are exempt from basic and additional customs duties, education cess and, generally, anti-dumping and safeguard duties, with specified exceptions where anti-dumping or safeguard duties remain applicable.

Tax collection authorization: bank permitted to collect VAT and sales tax subject to prompt remittance and electronic reporting requirements.
Punjab National Bank and listed branches are authorized as collection points for sales tax and VAT; funds must be remitted to the Delhi VAT account at the Reserve Bank within a short stipulated period from realization, delayed remittance attracts interest at bank rate plus a margin, and banks must operate on-line computerized counters with prescribed software, provide MIS reports, transmit electronic collection data in prescribed formats, and accept payments of any denomination at any authorized branch irrespective of account status.

Tax Free Municipal Bonds: specified issuance eligible for tax exemption provided holders register their name and holding with the trust.
The Central Government by notification specifies Tax Free Municipal Bonds to be issued by the Karnataka Water and Sanitation Pooled Fund Trust during the 2005-2006 financial year as eligible for tax-exempt status under the relevant clause, and conditions the availability of the exemption on the holder registering his or her name and the holding with the issuing trust.

Anti-dumping duty on Sodium Nitrite from European Union upheld, payable in Indian currency with prescribed exchange rate.
Definitive anti-dumping duty is imposed on all imports of Sodium Nitrite under sub-heading 2834 10 originating in or exported from the Territory of European Union, applicable to all exporters and payable in Indian currency. The notification specifies that the rate of exchange for calculating the duty shall be the rate prescribed by Government of India notifications under the Customs Act and that the relevant date for the exchange determination is the date of presentation of the bill of entry. The duty is effective for a five-year period from the provisional duty date unless earlier revoked.

Exchange rate determination for export conversion establishes notified foreign currency to rupee rates for customs purposes.
Fixes the rate of exchange for conversion of specified foreign currencies for exported goods, pursuant to the statutory power under section 14(3)(a)(i) of the Customs Act, 1962, and supersedes the earlier notification; the rates in Schedule I (per unit) and Schedule II (per 100 units) are to be applied for export valuation and conversion with effect from 1st June, 2005.