Basic customs duty increase on iron and steel products alters tariff classifications and duty rates under customs notification.
Amendment revises the exemption table of Notification No. 12/2012-Customs by substituting serial numbers and inserting new serials identifying specific Chapter 72 tariff headings and exclusions, and prescribing distinct basic customs duty rates for those headings and for seconds and defectives, thereby increasing and reclassifying duty incidence on targeted iron and steel products.

Anti-dumping duty on potassium carbonate imports from Taiwan and Korea RP continues with specified country specific rates and conditions.
Imposition of anti-dumping duty on Potassium Carbonate (tariff item 2836 40 00) for five years, continuing measures except for imports from the People's Republic of China and the European Union. The designated authority found dumping from Taiwan and likelihood of recurrence of dumping and injury from Korea RP, and recommended continued duties with modifications. The notification prescribes country and trade specific duty rates per metric tonne in US Dollar terms, identifies tariff classification and parties, requires payment in Indian currency, and applies the notified exchange rate as of bill of entry presentation.

Anti-dumping duty on flax/linen fabric over 50% flax imposed with specified per metre rates and five year application.
Definitive anti dumping duty is imposed on Flax or Linen Fabric with over 50% flax content originating in or exported from the People's Republic of China and Hong Kong, based on findings of dumping, positive dumping and injury margins and likelihood of injury on cessation of duties; specified per metre rates in US dollars apply differentially by origin/export combinations and the duty is effective for five years from publication, payable in Indian currency with exchange rate determined by government notification and bill of entry date.

Eligibility criteria for public and rights issues tightened; promoters' mandatory rights subscription and fund placement rules enforced.
Amendments update issuer eligibility by reallocating monetary thresholds for public and rights issues, excluding sole monetary fines by exchanges from automatic ineligibility, adding three-year ineligibility for recent Board settlements, imposing mandatory promoter subscription to rights entitlements with limited renunciation, requiring no disciplinary trading suspension in the prior three years, mandating a minimum delivery-based turnover over the preceding six months, prohibiting conflicts of interest between lead merchant bankers and issuers, and prescribing that interim issue proceeds be kept only in scheduled commercial banks and certain funds in banks rated at least A by an international agency.

Publication of Annual Reports: DFC financial statements published under State Financial Corporation Act reporting requirement.
Publication under subsection 3 of section 38 of the State Financial Corporation Act, 1951 of DFC's statement of assets and liabilities, profit and loss accounts, auditors' reports and reports on the working of the Corporation for the financial years specified in the Schedule, together with administrative distribution for gazette publication and official circulation.

Customs amendment adds Umroli as a listed location for loading bauxite ore for export under the notification.
Amendment to a central customs notification adds a new Table entry for the State of Maharashtra by inserting a serial entry for Umroli identifying Loading of Bauxite ore for export, thereby extending the scope of Notification No. 62/94 - Customs (N.T.) to include that activity at that location.

Appointment to Competition Commission membership confirms statutory term limits and age based cessation conditions.
The Central Government appoints Shri Justice G. P. Mittal (Retired) as Member of the Competition Commission of India under the Competition Act, 2002, commencing on assumption of charge and subject to a five year term and an age based cessation at sixty five years, or earlier orders.

FATCA-related reporting requires financial institutions to identify and annually report specified data for reportable accounts under Form 61B.
These rules require reporting financial institutions to identify, maintain and annually report specified information for reportable accounts-including account holder identity, taxpayer identification numbers, account identifiers, year end balances and specified gross payments-under Form No. 61B; they define key terms (financial account, financial institution, reportable account, excluded account), set due diligence procedures and thresholds for pre existing and new accounts, require registration and designation of compliance officers, mandate electronic filing with digital signatures, and assign regulators to issue implementation guidance.

Basic customs duty on wheat amended to a specified rate, with applicability continuing until a designated subsequent effective date.
Notification No.44/2015-Customs amends Notification No.12/2012-Customs by substituting the column (4) entry for serial number 34 of the Table with "10%" and by inserting proviso clause (ac) to state that the goods at serial number 34 of the Table shall be subject to that provision on or after the first day of April, 2016, under the authority of section 25(1) of the Customs Act, 1962.

SEZ rule amendment expands prescribed ARE forms to include ARE-2, updating customs documentation references for exports.
Amendment to the Special Economic Zones Rules, 2006 under Section 55 substitutes rule 30(1) to add a reference to ARE-2 alongside ARE-1, thereby expanding the prescribed ARE forms incorporated in rule 30(1); the Special Economic Zones (Second Amendment) Rules, 2015 take effect on publication in the Official Gazette.

Exchange rate determination: notified conversion rates for specified foreign currencies for import and export purposes.
Determination of exchange rates for conversion of specified foreign currencies into Indian rupees and vice versa with effect from 7 August 2015 under the power conferred by section 14 of the Customs Act, 1962. The Central Board of Excise and Customs prescribes distinct rates for imported and export goods and annexes Schedule I (rates per unit) and Schedule II (rates per 100 units) listing applicable conversion figures for listed currencies for customs valuation and conversion purposes.

Anti dumping duty on Vitamin C imports from China imposed, applying a specified per unit charge and fixed-term applicability.
Definitive anti dumping duty is imposed on all forms and grades of Vitamin C originating in or exported from the People's Republic of China, following findings of continued dumping, injury to the domestic industry, and likelihood of intensified dumping if duties lapsed. A specified per unit duty in foreign currency is applied to imports produced or exported by any producer or exporter listed; synonyms of Vitamin C are included. The duty is effective for a five year term from publication, payable in Indian currency with exchange conversion as per notified Customs Act rates and the bill of entry date for determination.

Anti-dumping duty extension on viscose staple fibre maintained; continuation authorized under Customs Tariff Act and relevant rules.
Extension of anti-dumping measures is ordered for Viscose Staple Fibre excluding Bamboo Fibre originating in or exported from the People's Republic of China and Indonesia. Acting under the Customs Tariff Act and rule 23, the Central Government amends the principal notification to provide that it shall remain in force up to and inclusive of the 25th day of July, 2016, unless revoked earlier, thereby continuing the existing anti-dumping duty regime without changing the tariff classification or scope of goods.

Export policy of edible oils amended: rice bran oil exempted in bulk, branded packs allowed with Minimum Export Price.
Exports of edible oils are relaxed through specified exemptions: castor oil; coconut oil from EDI ports and border LCS; deemed exports from DTA to 100% EOUs; DTA supply to SEZs for processed food manufacture subject to value addition; edible oils from minor forest produce; APEDA certified organic edible oils; and rice bran oil in bulk. Edible oils outside these exemptions may be exported in branded consumer packs of up to 5 Kgs subject to a Minimum Export Price.

Customs exemption for ship repair units removes registration prerequisite, allowing imports for ocean going vessel repairs.
The government amends Notification No. 12/2012-Customs by substituting the Table entry at S. No. 459 so that capital goods and spares thereof, raw materials, parts, material handling equipment and consumables imported for repairs of ocean-going vessels by a ship repair unit are covered, thereby removing the earlier registration conditionality tied to the Director General of Shipping.

Territory transfer under Land Boundary Agreement: commencement date appointed for acquisition and transfer under constitutional amendment.
The Central Government, invoking clause (b) of Section 2 of the Constitution (One Hundredth Amendment) Act, 2015, appoints the commencement date for acquisition of territories from Bangladesh and the corresponding transfer of those territories to Bangladesh pursuant to the India-Bangladesh Land Boundary Agreement and its Protocol, thereby fixing the day on which the territorial adjustments under the Amendment and the bilateral agreement become operative.

Third Schedule amendment: reclassification of metal utensils, wax and wood altering VAT schedule entries and tax treatment.
Amendments to the Third Schedule to the Delhi Value Added Tax Act substitute the entry for serial number 6 to include all metal utensils and cutlery (excluding precious metals), substitute the entry for serial number 120 to cover wax of all kinds not covered elsewhere, and insert a new entry at serial number 169 for wood and timber, with the notification taking effect from the instrument's commencement date.

Tariff value fixation updates substitute new tariff values for specified import goods affecting customs valuation
Exercise of power under section 14(2) of the Customs Act, 1962 to amend Notification No. 36/2001-Customs (N.T.) by substituting TABLE-1, TABLE-2 and TABLE-3 to prescribe updated tariff values for specified import goods, listing commodity descriptions and corresponding tariff values per metric tonne and per unit measures for precious metals.

Rescission of anti dumping notification under Customs Tariff Act revokes the earlier notification while preserving prior actions.
The Central Government, invoking section 9A of the Customs Tariff Act and the Customs Tariff rules on anti dumping duty, rescinds the Government notification of December 2011 implementing anti dumping measures, withdrawing that notification prospectively. The rescission preserves validity of actions done or omissions made before the rescission, and cites the departmental file reference and administrative authority for record.

Anti-dumping duty: final assessment ordered on imports of specified ceramic glazed tiles from the named exporter/producer.
All imports of the subject ceramic glazed tiles by the specified producer through the specified exporter that were provisionally assessed under the earlier provisional-assessment notification are to be finally assessed on payment of the anti-dumping duty as imposed by the earlier notification applicable to imports of the subject goods originating in or exported from China.