Exchange Rate Determination: specified foreign currency conversion rates set for imported goods, replacing prior notification and made operative on the stated date.
The Board, under authority of the Customs Act, prescribes and fixes conversion rates for specified foreign currencies for valuation of imported goods, as set out in Schedule I (rates per unit) and Schedule II (rate per one hundred units), and declares those rates operative from the stated effective date, superseding the prior notification.

Exemption under section 35AC extended for specified hospital and research institute project following committee recommendation and continuation of approved cost.
The Central Government, on the National Committee's recommendation under the income-tax rules, specified the charitable trust's hospital and research institute project as an eligible scheme for a further three-year period commencing with the stated financial year, maintaining the previously approved project cost without change and thereby extending the tax exemption under the relevant provision.

Exemption under section 35AC extended for Research and Rehabilitation Centre for the Deaf, maintaining its eligibility for specified project benefits.
The Central Government specified the Research and Rehabilitation Centre for the deaf, run by the Delhi Association of the Deaf, as an eligible project under Section 35AC and, following a recommendation by the National Committee for Promotion of Social and Economic Welfare, extended that specification for a further three years commencing with financial year 2004-2005 without any change to the approved project cost.

Exemption under Section 35AC extended for specified blind welfare project, allowing continued tax-eligible contributions and programme continuation.
Income-tax exemption under Section 35AC is specified for construction of a dormitory-cum-library and running rehabilitation and welfare programmes for disabled and blind persons by Shree Ramana Maharishi Academy for the Blind, Bangalore; the Central Government, on recommendation of the National Committee, extends the project's eligible period for a further three years commencing from the financial year 2004-2005 without change to the approved project cost.

Exemption under section 35AC extended for the specified Pranab Kanya Sangha project, renewing eligibility for three years.
The Central Government specifies that Pranab Kanya Sangha's project for a girls' home, primary school, vocational training centre and health clinic in North 24 Parganas is an eligible project under section 35AC; following a committee recommendation under the income tax rules, the scheme is specified for a further three years from financial year 2004-2005, with no change to the approved project cost of 44.67 lakhs.

Exemption under section 35AC extended to a specified school construction project, renewing eligible-scheme status for three years.
The Central Government specifies continuation of Valluvar Gurukulam's Tambaram school construction and equipment-procurement project as an eligible scheme for tax exemption under the Income-tax Act for a further three years commencing with financial year 2004-2005, without any change to the previously approved project cost and corpus fund, following the National Committee's recommendation under rule 11M(5).

Exemption under section 35AC: adoption centre project specified as eligible for a further three year period.
The Central Government, under subsection (1) read with clause (b) of the Explanation to section 35AC, specifies the project for Running of Founding cum adoption centre by Karna Prayag Trust at Raja Krishna Rao Road, Teynampet, Chennai, as an eligible project or scheme for a further period of three years commencing from the financial year 2004 2005, without any change in the approved cost, now stated as Rs. 20.00 lakhs plus a corpus fund of Rs. 40.00 lakhs.

Exemption under section 35AC extended for specified eye-hospital project, enabling continued tax relief during renewed period.
The Central Government specifies the Lions Comprehensive Eye Care Foundation's eye-hospital project at MIDC, Miraj as an eligible project for tax exemption under the provision corresponding to section 35AC, following the National Committee's recommendation. The specification extends the project's eligibility for a further three-year period commencing from financial year 2004-2005, with no change to the previously approved capital cost, thereby maintaining the project's entitlement to the prescribed income-tax relief.

Exemption under section 35AC: eligible project for Sri Sankara Deva Nethralya extended, maintaining prior approved cost and eligibility.
The Central Government, under sub section (1) read with clause (b) of the Explanation to section 35AC, specifies the Sri Sankara Deva Nethralya Phase I Expansion project carried out by Sri Kanchi Sankara Health & Educational Foundation as an eligible project or scheme for a further three year period commencing from the financial year 2004 2005, without any change in the previously approved project cost, following the National Committee's recommendation that the project is being executed properly.

Exemption under section 35AC extended for specified charitable construction and programmes, preserving eligibility and approved cost.
The Central Government re specified the scheme for construction works, equipment and running of self sustaining healthcare and education programmes at Shantikunj, Haridwar carried out by Shri Vedmata Gayatri Trust as eligible for the Income tax Act exemption for a further three years commencing financial year 2005 2006, on the National Committee's recommendation, without any change in the approved cost of Rs. 4229.00 lakhs including a corpus fund of Rs. 3000.00 lakhs.

Tax exemption under section 35AC: eligible charitable eye care project's exemption extended for a further three-year period.
Central Government specified continuation of the tax exemption under section 35AC for the Venu Eye Institute and Research Centre by Venu Charitable Society, extending the project's eligibility for a further three-year period commencing with the financial year 2004-2005 without change in the approved project cost, following recommendation of the National Committee under rule 11M of the Income-tax Rules.

Exemption under Section 35AC: specified institutions' eligible projects approved, permitting deduction of project costs for prescribed years.
Approval under Section 35AC designates specified institutions and their described projects as eligible for deduction by permitting the stated project costs, up to the specified maxima, to be claimed as deductions; the approval applies only to the projects and maximum amounts set out and is limited to the three financial years identified, with later substitutions to institution particulars recorded in the notes.

Voting rights restriction reduces trading member control; scheme enforces board governance, trading member registration, asset use and compliance.
The approved Scheme converts BSE into Bombay Stock Exchange Limited with conditions: restrict voting influence of shareholder trading members; require trading members to be SEBI registered or obtain registration within a transition period; limit trading member representation on the Governing Board and preserve SEBI's right to nominate directors with the Chief Executive as ex officio director; transfer all assets, liabilities, contracts and employees to the new company; mandate transfer of clearing functions to a SEBI recognized clearing corporation; and require that non current assets and reserves be used solely for exchange operations, with ongoing compliance reporting to SEBI.

Appointment to Securities Appellate Tribunal: member designated under SEBI Act with term until statutory age or further orders.
The Central Government, under Section 15L read with 15N of the SEBI Act, appoints Shri R.N. Bhardwaj, Chairman LIC, as Member of the Securities Appellate Tribunal, Mumbai. The appointment is by notification of the Ministry of Finance and is for the period until he attains the age of sixty two years or until further orders, whichever is earlier.

Appointment to Securities Appellate Tribunal member under statutory authority, term limited until prescribed retirement age or further orders.
Central Government designates Shri Chandan Bhattacharya, former Managing Director of a major public sector bank, as Member of the Securities Appellate Tribunal by formal notification dated 20 May 2005, exercising powers under the securities regulatory statute; the appointment is limited to the appointee attaining the prescribed retirement age or until further orders.

Import limits for gem and jewellery samples tightened and procedural relaxations permit capital goods movement on intimation.
Amendments increase and specify import limits for gem and jewellery samples (ceiling of Rs. 3,00,000 or 0.25% of three year average export value, up to 15 units in 12 months) with certification by the Gem and Jewellery Export Promotion Council; reduce certain percentage thresholds from 0.50 to 0.25; allow capital goods to be moved between eligible units or taken out for testing/repairs on intimation without prior permission (status holders exempt from prior permission); permit duty free outward samples for display to other units subject to 30 day return; permit captive power plants sized to unit needs and allow spares up to 5% value.

Procedural relaxation permits transfer and temporary removal of capital goods and samples for EOUs, STP and SEZ units.
The notification relaxes procedural requirements by allowing transfer of capital goods to other user industries or SEZ units upon prior intimation to the jurisdictional Deputy/Assistant Commissioner of Customs or Central Excise, permits temporary removal of samples without duty for display subject to intimation and return within thirty days, authorises intra-owner utilisation of specified equipment within the procuring unit's premises with Commissioner approval, defines "status holder" as Star Export House, and adjusts captive power plant recommendation and spares provisions.

Anti-dumping duty withdrawal: mid term review finds no material injury, prompting rescission of prior duty notification.
A mid term review found acrylic fibre from Italy still exported below normal value but concluded there was no material injury and no likelihood of recurrence; the designated authority recommended withdrawal and the Central Government, under section 9A and rule 23 of the anti dumping rules, rescinds the earlier notification imposing anti dumping duty, saving prior actions.

Anti dumping duty withdrawal: rescission of duty on acrylic fibre following mid term review recommendation.
The Central Government, under section 9A(1) and (5) of the Customs Tariff Act and rule 23 of the Anti dumping Rules, rescinds the notification imposing anti dumping duty on acrylic fibre under sub headings 5501.30/5503.30 originating in or exported from Germany and Bulgaria, following the designated authority's mid term review finding no material injury or likelihood of recurrence and recommending withdrawal; the rescission is subject to savings for acts done or omitted prior to rescission.

Excise exemption conditions refined to restrict eligibility to qualifying new and expanded industrial units in listed areas.
Amendment limits a Central Excise exemption in Uttranchal to (a) new industrial units in specified areas commencing commercial production within the prescribed window, and (b) pre-existing units in specified areas undertaking at least twenty-five percent capacity expansion and commencing production from the expanded capacity within that window; it substitutes Annexure-II with Annexure-II and Annexure-III and makes detailed deletions and substitutions of village names and khasra numbers to redefine territorial coverage of exempted units.