Rescission of Customs Notification: earlier exemption revoked under statutory powers due to public interest by government
The Central Government, exercising statutory powers under the Customs Act and relevant Finance Act provisions, rescinds Notification No.19/2000-Customs (dated 1st March, 2000) as being necessary in the public interest, published as Notification No.62/2000-Customs and issued by the Ministry of Finance, Department of Revenue.

Exemption from customs surcharge on specified imported goods, subject to existing duty conditions and ad valorem/specific levy rule.
The Central Government exempts the goods specified in the Table from the whole of the customs surcharge when imported into India, subject to any conditions of existing customs duty exemptions and a proviso limiting the exemption for items where ad valorem plus surcharge exceeds the specific duty; the Table lists specified gold and silver imports and an extensive range of tariff headings and sub-headings covering agricultural, textile, machinery, electrical, electronic and telecommunications goods, with certain exclusions and conditionalities.

Concessional duty on tea and yeast under Sri Lanka FTA, conditioned on origin proof and annual tariff rate quota compliance.
A concessional rate of duty of 7.5% ad valorem applies to specified tea and yeast imports from Sri Lanka under the Free Trade Agreement, exempting customs duty in excess of that rate subject to origin proof under the Customs Tariff determination rules and an annual Tariff Rate Quota measured from 1 January each calendar year; procedural compliance as specified by the Government of India is required.

Customs tariff amendment adjusts duty classifications and exemption lists, changing treatment of coking coal and related goods.
Amendments revise Notification No. 16/2000 by inserting a tariff entry for coking coal and substituting the entry for goods other than coking coal to alter their duty classifications, and amend Notification No. 26/2000 by omitting a condition and a list while substituting text to expand cross references among exemption lists and a related notification.

Interest on delayed refunds under Central Excise fixed, superseding earlier notification and establishing the legal rate.
Fixes the statutory rate of interest payable on delayed excise refunds by invoking section 11BB of the Central Excises Act, 1944, prescribes the applicable annual interest rate for that provision, and supersedes the earlier Central Excise (Non Tariff) notification No. 22/95-Central Excise (N.T.), while saving things done or omitted before such supersession.

Interest on delayed duty fixed under statutory provision, altering applicable interest rate and superseding earlier notification.
The Central Government fixes the rate of interest at twenty four percent per annum for delayed payment of central excise duty under the statutory interest provision, superseding a prior notification while preserving actions completed before supersession. The document also records that this notification was later superseded and that the applicable interest rate was subsequently reduced by a later administrative order.

Interest on delayed excise duty fixed by government, replacing earlier notification and applying prospectively.
Fixes the rate of interest for delayed payment of excise duty at twenty-four per cent per annum under the powers conferred by the Central Excises Act, 1944, and supersedes an earlier notification on the same subject except as to things done or omitted prior to supersession.

Rescission of notifications under section 5A withdraws prior ad valorem exemptions in the central excise tariff.
Rescinds specified central excise notifications by exercise of powers under section 5A of the Central Excise Act, 1944; the Central Government, satisfied it is necessary in the public interest, withdraws two March 2000 notifications relating to ad valorem treatment and miscellaneous exemptions in the central excise tariff, identified as 7/2000-CE and 10/2000-CE.

Tariff amendment introduces excise on marble slabs and tiles cut with power-driven processes, charged per square metre.
The notification amends an earlier Central Excise notification by inserting serial 12A to impose an excise charge on marble slabs and tiles cut or sawn in India when the manufacturing process is ordinarily carried out with the aid of power and the electromotive force exceeds a specified threshold, with the charge expressed on a per square metre basis.

Penalty provisions revised to limit penalties to duty on excisable goods and raise statutory monetary caps.
Amendments to the Central Excise Rules, 1944 omit numerous specified rules and sub rules, substitute certain cross references, and revise penalty provisions by limiting penal liability to the duty on excisable goods and increasing specified monetary caps. The notification also grants a specified credit for additional duty paid on certain marble slabs or tiles, establishes the applicable offset per unit area, and brings these changes into force on the date of notification.

Rate of interest under Customs Act fixed and supersedes prior notification, subject to actions taken before supersession.
Notification No. 36/2000 Customs (N.T.), dated 12 May 2000, fixes the rate of interest under section 27A of the Customs Act, 1962 at fifteen per cent per annum and supersedes Notification No. 32/95 Customs (N.T.), dated 26 May 1995, except as respects things done or omitted to be done before such supersession.

Rate of interest fixed under Customs Act for enforcement of section 59, superseding earlier notification.
Fixes the rate of interest at twenty-four per cent per annum for purposes of sub-clause (ii) of clause (b) of sub-section (1) of section 59 of the Customs Act, 1962, and, in supersession of the earlier notification of 1st March, 2000, the Central Government hereby makes that fixation subject to savings for acts done or omitted before such supersession.

Rate of interest under customs law fixed, superseding an earlier notification and preserving prior actions.
The Central Government, under powers conferred by the Customs Act, fixes an annual rate of interest for purposes of that Act and expressly supersedes an earlier notification fixing the rate, while preserving actions or omissions completed before the supersession.

Interest rate for customs defaults set under section 28AB, superseding prior notification and applying prospectively.
Fixes the rate of interest applicable under the Customs Act provision governing interest on customs dues at twenty-four per cent per annum, and supersedes the earlier notification fixing the rate except as to things done or omitted before such supersession.

Interest fixation under Customs Act secures statutory annual interest, superseding prior notification and applying prospectively with limited exceptions.
The Central Government, exercising powers under section 28AB of the Customs Act, 1962, superseded an earlier notification and fixed the rate of interest by notification dated 12 May 2000; the fixation applies except as respects acts or omissions occurring before the supersession.

Income-tax form SARAL replaces the prior individual return form, standardising income heads, tax computation and refund details.
The Central Board substitutes Appendix II Form No. 2D with a new Form No. 2D (SARAL) for non-corporate assesses, effective on Gazette publication. The form collects identification, residence and assessment year details, bank account and credit card information for refunds, and schedules income by head (salary, house property, business/profession, capital gains, other sources). It prescribes computation entries for gross total income, Chapter VI-A deductions, taxable income, tax calculation (normal and special rates), rebates, surcharge, TDS, advance tax, interest, self-assessment tax, balance payable/refundable, and a verification declaration.

Income-tax return form conditions redefine immovable property and motor-vehicle disclosures and add receipt verification fields.
Amendment revises Income-tax Form No. 2C: heading clarifies applicability to assessees under the first proviso to section 139; eligibility items now require disclosure of occupation of immovable property exceeding a specified floor area per notifications and of ownership or lease of motor vehicles other than two-wheelers. The form's date-of-birth field is reformatted, Part II's motor-vehicle question is restated, and the verification block is expanded to include receipt number, receipt date, seal and receiving official's signature.

Amendment to Wealth-tax Rules: CBDT issues rules under section 46 to further amend wealth-tax regulations.
Under section 46 of the Wealth-tax Act, 1957, notification 11365 dated 11 May 2000 records that the Central Board of Direct Taxes makes rules to further amend the Wealth-tax Rules, 1957; the notification notes an amendment to the Income-tax Act, 1961 of the same date that is not reproduced as it appears in the Act itself (F. No. 142/2/2000-TPL(Pt)).

Rule amendment: substitution of income-tax return Form 2A for resident individual and HUF returns notification.
The Central Board of Direct Taxes, exercising powers under section 295 of the Income-tax Act, 1961, issued the Income-tax (Fifth Amendment) Rules, 2000 by notification dated 11-5-2000, to come into force on publication in the Official Gazette, and substituted a new Form No. 2A in Appendix II of the Income-tax Rules, 1962 as the income-tax return form for resident individuals and Hindu Undivided Families.

Income-tax rule amendment updates Form 2B to require PAN/GIR, tax computation fields, and refund banking details.
Amendment to Income-tax Rules, 1962 revises Appendix II Form No.2B by substituting item 2 with PAN/GIR No., replacing items relating to undisclosed income with fields for total undisclosed income, tax on undisclosed income, surcharge, tax payable, and tax paid (with challan, date and amount), and inserting Part I fields for bank account details for refund crediting and credit card details for payment identification.