Tariff value fixation: updated customs tariff values for specified vegetable oils, brass scrap and poppy seeds under notification.
The Board amends Notification No. 36/2001 Cus (N. T.) by substituting the tariff value Table to fix US$ per metric tonne values for specified vegetable oils, brass scrap (all grades) and poppy seeds, with several oil entries shown as no change and new values specified for brass scrap and poppy seeds.

Fixation of tariff values updates specified edible oils and brass scrap valuation under Customs Act authority.
The Central Board of Excise and Customs, invoking powers under the Customs Act, substitutes the tariff-value table in Notification No. 36/2001-Cus (N.T.), specifying per-metric-tonne tariff values for listed commodities including crude palm oil, palmolein variants, crude soyabean oil, brass scrap (all grades), and poppy seeds, with most values noted as unchanged and the table providing the declared value for brass scrap.

Quarterly return requirement for reduced-rate duty manufacturers requires Form ER-8 with prescribed fields and payment details.
Specification of a statutory quarterly return requiring submission of Form E.R.-8 to report clearances and duty liability, with itemised entries for each excisable product including tariff classification, units, stocks, quantities manufactured and cleared, assessable value and duty components, alongside payment reconciliation with challan details, separation of duty and cesses, CENVAT entries, a self-assessment declaration, and procedural instructions on coding, quantity units and supporting challans.

Exchange rate determination for customs: prescribed conversion rates for foreign currencies to be applied in import and export transactions.
Determination of exchange rates for conversion between specified foreign currencies and Indian rupees for customs purposes, effective from 1st July, 2011, with separate prescribed rates for imported and export goods set out in Schedule I and Schedule II (the latter for Japanese Yen), superseding the prior customs exchange rate notification and issued under the Central Board of Excise and Customs' authority under the Customs Act for valuation and customs conversions.

Point of Taxation rules expanded to treat consulting engineer services as taxable on receipt basis altering tax payment timing.
The Point of Taxation Rules, 2011 are amended by inserting a bracketed letter "(g)" before "(p)" in Rule 7(c) to expand services taxable on a receipt basis, specifically covering consulting engineer services; the amendment is notified under the Finance Act and takes effect from the first day of July, 2011.

Customs Tariff Amendment adjusts duties on petroleum products by inserting a new entry and altering specified exemptions.
The notification inserts a new table entry 72B covering goods under tariff headings 2710-2715, applying the specified Basic Customs Duty to those petroleum products except items explicitly excluded by other serial numbers; it also substitutes the column (4) duty entries for serial numbers 487, 488A and 488B, replacing 487 with a nil entry and revising 488A and 488B as set out, all effected as further amendments to Notification No. 21/2002-Customs under the Customs Act in the public interest.

Exemption for unexposed cinematographic film: specified film rolls are assigned nil central excise duty under amended tariff.
Amendment to Notification No. 4/2006 Central Excise substitutes entries in the tariff Table: the column (4) entry for item (i) at S. No. 19 is replaced with Nil, and S. No. 73A is re cast to list "Colour positive unexposed cinematographic film in rolls of any size and length" and "colour negative unexposed cinematographic film in rolls of 400 feet and 1000 feet" with column (4) shown as Nil.

Prevention of Money Laundering Rules renamed; amendment shortens rule title and takes effect upon Gazette publication.
The Central Government amends the Prevention of Money laundering Rules to adopt the short title Prevention of Money laundering (Maintenance of Records) Rules in place of the lengthy descriptive name for the rules governing maintenance of transaction and client identity records by banking companies, financial institutions and intermediaries, and provides that the amendment shall come into force upon publication in the Official Gazette.

Prevention of money laundering recordkeeping rules renamed and set to commence on publication to streamline statutory nomenclature.
Under powers conferred by section 73 of the Prevention of Money Laundering Act, the 2011 Amendment Rules substitute the long original title of the 2005 Rules with the shorter designation "Prevention of Money laundering (Maintenance of Records) Rules" and state that the amendment shall come into force on publication in the Official Gazette.

Determination of Origin expanded to include the Republic of Philippines under ASEAN-India preferential trade rules via amendment.
Adds the Republic of Philippines as a new entry (S.No.9) in Annexure IV to the Customs Tariff Rules for Determination of Origin of Goods under the ASEAN-India Preferential Trade Agreement by means of the Second Amendment Rules, 2011 issued under section 5(1) of the Customs Tariff Act, 1975.

Exemption from return filing for specified salaried individuals where tax is fully discharged by employer, subject to conditions.
Exemption under section 139(1C) relieves individuals whose total income is limited to salary and savings bank interest (within specified ceilings) from filing a return, provided they reported PAN and bank interest to their employer, had tax deducted and deposited by the employer, received Form 16 detailing PAN, income and tax deducted, have no refund claim, received salary from only one employer, and had their total tax liability fully discharged by employer deduction; the exemption is inapplicable where a statutory notice for filing a return has been issued.

Cost Inflation Index updated, affecting computation of indexed cost for capital gains in the specified financial year.
The Central Government amends the table of cost inflation indices under the Explanation to section 48 by inserting an entry for the financial year 2011-12 with a cost inflation index of 785, thereby updating the index used to compute indexed cost of acquisition for capital gains purposes in that year.

Foreign source exclusion: Global Development Network designated not to be treated as foreign source under FCRA provisions.
Central Government, exercising powers under clause (j)(ii) of section 2(1) of the Foreign Contribution (Regulation) Act, specified by notification that the international organisation "Global Development Network" shall not be treated as a foreign source for purposes of the Act.

Extension of DEPB scheme extends validity of DEPB scrips issued against exports with a Let Export Order.
Amendment substitutes paragraph 2 of Notification No.97/2009 Customs to validate DEPB scrips issued by the Licensing Authority against exports having a Let Export Order up to and inclusive of 30th September, 2011, and inserts an explanation defining Let Export Order as the order permitting clearance and loading of goods for exportation issued by the proper officer under the Customs Act.

Anti dumping duty on sewing machine needles: imports from China PR now subject to specified definitive duty and five year levy.
A definitive anti dumping duty is imposed on imports of sewing machine needles (sub heading 8452.30) originating in or exported from China PR, following findings that such exports were dumped and caused material injury to domestic industry. The duty, applicable to goods produced or exported by any producer or exporter from China PR, is set in the notification's Table by amount per specified unit and levied in the indicated currency, for a five year period subject to amendment or earlier revocation and extended to 21 June 2017.

Secretary designation in advance rulings clarified to allow Commissioner or designated officer and contingency appointment from income tax rulings body.
The amendment substitutes clause (k) of Regulation 2 to define Secretary as a Commissioner of Customs or Commissioner of Central Excise designated by the Authority, including Additional or Joint Commissioners when designated, and permits designation of the Secretary of the Advance Rulings body constituted under the income-tax law where no Commissioner-level officer is available.

Tax Schedule Amendments: Revised thresholds for furnishings and suiting alter VAT classification and applicability under the DVAT Act.
Amendments to the First Schedule (serial no. 48) and Third Schedule (serial no. 114) of the Delhi Value Added Tax Act substitute commodity descriptions to specify furnishings excluding handloom furnishings and suiting above the stated sale-price thresholds, and state that these amended entries shall come into force with immediate effect.

Margin of Preference extended for imports from SAFTA Least Developed Countries under Customs Act amendment via notification amendment.
Amends preferential tariff treatment for specified goods from Least Developed Countries under SAFTA by replacing every occurrence of "75%" with "100%" in column (4) of the Table in Notification No.107/2008-Customs, exercising powers under the Customs Act to increase the Margin of Preference for qualifying imports.

Common adjudicating authority appointed to adjudicate show cause notices concerning M/s Suresh Apparels' import compliance.
The Additional Commissioner of Customs or Joint Commissioner, CFS Dhandari Kalan, Ludhiana is appointed as Common Adjudicating Authority to exercise powers and discharge duties of specified customs commissioners for adjudicating matters arising from a particular show cause notice issued against M/s Suresh Apparels (P) Ltd. and others, the delegation being made under the adjudicatory provisions of the Customs Act and confined to the identified proceedings.

Allowances for Appellate Authority members prescribed; daily sitting rates fixed and explanatory provision removed by amendment
Amendment substitutes rule 3 to prescribe daily sitting allowances for the Chairperson and Members of the Appellate Authority and omits the Explanation to rule 4. The amendment takes effect on publication in the Official Gazette and is made under sub section (1) of Section 22C of the Chartered Accountants Act, 1949.