Exchange rate fixation establishes official conversion rates for import valuation and stamp duty calculations, effective next month.
Prescribes official conversion rates of listed foreign currencies into Indian rupees for purposes of calculating stamp duty under the Indian Stamp Act and for import valuation under section 14 of the Customs Act, effective 1st June 2000, superseding the earlier notification; rates are set out in two schedules (per unit rates in Schedule I and per 100 units in Schedule II).

Tax exemption under section 10(23C)(via) notified for a medical society, conditional on compliance and regular tax filings.
Notification under section 10(23C)(via) notifies M. P. Birla Foundation Medical Society, Calcutta, as eligible for tax-exempt status for specified assessment years, subject to conformity with the requirements of that sub-clause read with the applicable procedural rule and conditioned on regular filing of income-tax returns in accordance with the Income-tax Act.

Anti-dumping duty on sodium nitrite from China PR set as difference between a reference value and landed value.
Anti-dumping duty imposed on sodium nitrite from China PR based on findings of dumping, material injury and causal link; duty is defined as the difference between a specified reference value and the landed value per metric tonne. The measure is effective until the prescribed expiry date and defines landed value as the assessable value under the Customs Act, excluding certain customs duties, with the levy made under section 9A(2) and the Customs Tariff anti-dumping rules.

Anti-dumping duty imposed on phthalic anhydride from Indonesia, restricting dumped imports and protecting domestic industry.
Imposition of Anti-dumping duty on phthalic anhydride originating in, or exported from, Indonesia following the Designated Authority's findings of dumping, material injury and causation; duty imposed under the Customs Tariff Act and the Anti-dumping Rules, applicable to all exporters and imports of the product, at a specified rate per metric tonne, with a defined effective period and notification particulars for administrative compliance.

Change in mutual fund scheme attributes requires notice and unitholder exit at prevailing NAV without exit load.
Trustees must ensure that no change in the fundamental attributes of a scheme or fees affecting unitholders is carried out unless each unitholder receives written communication, an advertisement appears in a national and regional newspaper, and unitholders are offered an option to exit at the prevailing Net Asset Value without exit load. Changes in controlling interest of the asset management company similarly require prior trustee and Board approval, written notice and advertisement, and an exit option at prevailing Net Asset Value without exit load. The Seventh Schedule permits investment in mortgage-backed securitised debt rated at or above investment grade by a registered credit rating agency and sets caps on unlisted equity exposure for schemes.

Anti-dumping duty on imported acrylonitrile butadiene rubber from Germany and Korea; payable in Indian currency at notified exchange rate.
The Central Government imposes anti-dumping duty on NBR (sub-heading 4002.59) from Germany and Korea R.P. at exporter-specific and residual rates expressed in US$ per metric tonne; duties are to be paid in Indian currency. The "rate of exchange" for converting dollar-denominated rates is the rate notified by the Ministry of Finance and the relevant date for that exchange rate is the date of presentation of the bill of entry under section 46 of the Customs Act.

Anti-dumping duty on Styrene Butadiene Rubber imposed; specified exporters and grades subject to targeted duty rates and payment rules.
The Central Government imposes anti-dumping duty on Styrene Butadiene Rubber (SBR) of specified grades from designated exporters in the United States, Taiwan, Turkey, Korea R.P. and Japan, as set out in the Table identifying country, producer/exporter, grade series and corresponding duty amounts per metric tonne. The duty applies to SBR under headings 39.03 or 40.02 when imported into India, is payable in Indian currency, and uses the Ministry of Finance's published rate of exchange on the bill of entry date for conversion.

Anti-dumping duty imposed on EPDM imports from Japan; payable in Indian currency using the notified exchange rate at entry.
Imposition of Anti-dumping duty on EPDM (excluding polybutadiene rubber) from Japan under section 9A and relevant rules: duty equals the difference between the US dollar amounts specified in the Table for named or other exporters and the assessable "landed value" per metric tonne as determined under the Customs Act. The notification supersedes the earlier notification, applies except for prior acts, and prescribes that the duty be paid in Indian currency using the government-notified exchange rate applicable on the bill of entry date.

Customs exemption scope expanded to include call centre services and permit duty-free destruction of capital goods in specified circumstances.
The Notification amends several Customs exemption notifications to consolidate references to software and related operations under the phrase "the said activities" expressly including call centre services; it updates multiple conditions and table entries to reflect that terminology, permits telematic infrastructure imported by an importer to be used by other units engaged in the said activities for export, and revises lists of permitted capital goods, office equipment and auxiliary systems eligible under the exemptions.

Duty-free procurement rules expanded to include equipment and spares, with excise liability where products are non-excisable.
Amendments to Central Excise notifications expand duty-free procurement lists to include power, environmental, storage and office equipment plus spares; permit trading for export under export policy; and refine clearance destinations to authorised customs warehouses. They permit conditional destruction of capital goods inside or outside specified units in the presence of Customs or Central Excise officers. Where manufactured products or byproducts are not excisable on clearance, an excise liability equal to that leviable on inputs obtained under the notification is payable at clearance.

Appointment and tenure of commission members: fixed term limits, recruitment from serving officers and restricted reappointment eligibility.
Rules restrict appointment to the Commission's Chairman, Vice Chairmen and Members to specified serving officers and require Central Government appointment on Selection Committee recommendation; appointees from central service must retire before joining and retain pension and retirement entitlements, subject to leave encashment limits. Terms are fixed with prohibition on reappointment, pay and allowances correspond to specified scales and Group A equivalence with pension offsets, entitlement to General Provident Fund contribution, and ancillary service conditions aligned with Group A officers; the Central Government has final interpretive and relaxation powers.

Anti-dumping duty imposed on EPDM imports from Korea RP, provisional measures apply to named exporter and all others.
Provisional anti-dumping duty is imposed on Ethylene Propylene Diene Rubber (EPDM) originating in or exported from Korea RP, applying to goods under Chapters 39 or 40 of the Customs Tariff. The notification sets an anti-dumping duty of US$124 per metric tonne for M/s Kumho Polychem Company Limited and the same rate for any other exporter. Duty is payable in Indian currency using the exchange rate notified by the Ministry of Finance, with the relevant date for exchange determination being the date of presentation of the bill of entry.

Anti-dumping duty on metallurgical coke imposed; exporter-specific rates and exchange-rate conversion govern imports, subject to procedural exemption.
Anti-dumping duties on metallurgical coke from China PR are imposed with exporter-specific rates to be converted into Indian currency at the notified rate of exchange on presentation of the bill of entry; an exemption is provided for blast-furnace pig iron or steel manufacturers complying with the Customs concessional import rules.

Anti-dumping duty rates prescribed by exporter/producer, with conversion to rupees using government exchange rate on bill of entry.
The notification amends Notification No. 8/99-Customs by substituting a TABLE that prescribes anti-dumping duty rates (in US$ per kg) for specified producers/exporters from Japan and uniform rates for exporters from Spain, Portugal and Italy. It re-numbers the existing Explanation as Explanation I and inserts Explanation II, which stipulates that the exchange rate for converting US dollars into Indian rupees for levy of anti-dumping duty shall be the rate determined by the Central Government under the Customs Act on the date the relevant bill of entry is presented.

Export allotment of onions authorised with canalisation, conditional pricing and mandatory reporting under trade policy controls.
An additional 50,000 MT of onion exports during May-July 2000 is authorised and allocated among specified public agencies under ITC(HS) Code No. 0703, with exports canalised and permitted directly or via registered exporters. Conditions include a refundable per tonne deposit with forfeiture for non performance, a Minimum Export Price fixed by the designated agency, a requirement to complete exports within the prescribed period, prevention of permit trading through careful exporter selection, quality maintenance, and mandatory reporting to the nodal agency and the Department of Consumer Affairs.

Tax exemption approval for hydroelectric infrastructure granted subject to compliance and possible withdrawal for specified non compliance.
Approval is granted to Samal Barrage Hydro Electric Project by Orissa Power Consortium Ltd. for tax exemption under the income tax framework for specified assessment years, conditional on compliance with the governing provision and rules, maintenance of books of account, audit by a qualified accountant, and furnishing of the prescribed audit report; the Central Government may withdraw approval if the undertaking ceases to provide an infrastructure facility or fails to meet the accounting, audit or reporting requirements.

Anti-dumping duty on barium carbonate from China PR set as difference between benchmark export amount and landed value.
Imposition of Anti-Dumping duty on barium carbonate from China PR follows findings of dumping, material injury, and causal link; the duty is calculated as the difference between a specified US dollar benchmark per metric tonne and the landed value (assessable value under the Customs Act excluding certain duties) per metric tonne, applies to a named exporter and all other exporters, is effective from the provisional-duty date, payable in Indian currency, and converted using the Customs Act exchange rate mechanism.

Rescission of customs anti-dumping notification removes a prior exemption under statutory tariff and anti-dumping rule powers.
The Central Government, exercising powers under the Customs Tariff legislation and the rules governing identification, assessment and collection of anti-dumping duty, hereby rescinds the earlier Notification No. 125/99-customs published in the Gazette, removing that notification from the schedule of miscellaneous exemption notifications under the customs and tariff framework.

Anti-dumping duty imposed on Turkish acrylic fibre after findings of dumped imports causing injury to domestic industry.
Imposition of anti-dumping duty on acrylic fibre from Turkey after findings of export below normal value causing material injury; definitive duties were imposed under the Customs Tariff Act and anti dumping rules with producer specific per kilogram rates, effective from the provisional duty date.

Rescission of customs notification: government withdraws a prior customs exemption under statutory powers affecting tariff administration.
The Central Government, invoking statutory authority, rescinds Notification No. 17/2000 Customs dated 1 March 2000. The rescission is effected under powers conferred by sub section (1) of section 25 of the Customs Act, 1962 read with section 3A of the Customs Tariff Act, 1975, the Government having been satisfied that the action is necessary in the public interest, thereby withdrawing the earlier miscellaneous exemption notification.