Anti-dumping duty on Sodium Ferrocyanide for EU imports calculated as the difference between reference price and landed value.
An anti-dumping duty is imposed on Sodium Ferrocyanide from the European Union based on findings of export below normal value and material injury to Indian industry. The duty equals the difference between a specified reference price and the assessable "landed value" per metric tonne, payable in Indian currency and effective from the date of provisional duty. "Landed value" follows the assessable value under the Customs Act excluding specified tariff duties, and the rate of exchange is the notified rate applicable on the bill of entry date.

Anti-dumping duty rescission: polyester film notification rescinded following levy of final anti-dumping duty.
The Central Government rescinds Notification No.141/2000-Customs concerning polyester film by exercising powers under the Customs Tariff Act and applicable anti-dumping rules, while preserving the effect of actions done or omitted before the rescission and implementing the administrative change following levy of a final anti-dumping duty.

Anti-dumping duty on polyester film imposed; exporters subject to specified price undertakings and differentiated duty rates.
The Central Government, relying on the designated authority's final findings of dumping and material injury, imposes an anti-dumping duty on polyester film of 9 micron and above (sub headings 3006 10 or 3920 69) from Korea and Indonesia, with differentiated duty rates by exporter and grade; M/s Toray Saehan Inc. and M/s Saehan Industries may avoid duty if landed value meets their price undertaking, otherwise provisional duties apply. Duties are payable in Indian currency, applicable retrospectively to the provisional duty imposition date, with specified exclusions for certain capacitor films and definitions for "landed value" and exchange rate determination.

Anti dumping duty on phosphoric acid imports from China imposed, payable in Indian currency until specified expiry.
An anti dumping duty is imposed on Phosphoric acid (Technical grade) of 85% purity or above, under sub heading 2809.20, when originating in or exported from the People's Republic of China, based on findings of export below normal value, dumped imports and material injury. The duty is expressed per metric tonne, payable in Indian currency, effective until the specified November 2001 date, and the rate of exchange for conversion will be the Ministry of Finance specified rate with the bill of entry date as the relevant date.

Removal of excisable goods: addition of a specific location permitting warehouse-to-warehouse transfer without immediate duty payment.
The amendment inserts sub-clause (zzzu) into paragraph 2, clause (i) of Notification No. 266/67-Central Excise under sub-rule (2) of rule 49 and rule 139 of the Central Excise Rules, 1944, expressly listing Mylatti of Bare Village, Uduma Panchayat, Kasargod District, Kerala so that removals of excisable goods from one warehouse to another there may be effected without payment of duty, subject to the conditions of the notification and applicable rules.

Board membership eligibility: disciplinary suspension or registration cancellation bars members from governing roles for a fixed period.
The direction adds clauses making members suspended from trading or whose broker registration is suspended ineligible to continue on or be elected to the Governing Board for two years from expiry of suspension, and barring members with cancelled registration from Governing Board membership. It also disqualifies persons notified under the statute on offences relating to securities transactions from continuing on or being elected to the Governing Board for two years from de notification.

Disqualification from Governing Board: suspension, cancellation or notified person status bars membership and election for a two year period.
Members suspended from trading or from registration for disciplinary action by the Exchange or SEBI shall not continue on the Governing Board and shall be ineligible for election to the Governing Board for two years from expiry of such suspension; members whose registration is cancelled are barred from continuing on or being elected to the Governing Board. Persons designated as Notified Persons under the Special Courts Act, 1992 shall vacate Governing Board positions and be ineligible for election for two years from de notification.

Import port expansion permits edible oil consignments to be landed at additional designated seaports, widening entry points.
The Central Government amends the ITC(HS) Classification to add specified seaports as permissible landing points for the listed edible oil import items, authorising Bedi, Haldia, Kakinada, Kandla, Marmagoa, New Mangalore, Mundra and Jamnagar as additional ports of entry alongside existing seaports, airports and ICDs, without changing tariff classifications or other import conditions.

Renewal of recognition under Section 4 granted for Cochin Stock Exchange; six month conditional extension in securities trading.
Renewal of recognition under Section 4 is granted to Cochin Stock Exchange Limited for a six month period commencing 8 May 2001 and ending 7 November 2001 in respect of contracts in securities, following an application under Section 3 and on the basis that renewal is in the interest of trade and the public; the grant is subject to conditions specified in the notification and to any further conditions prescribed or imposed.

Depreciation allowance for textile machinery purchased under TUFS becomes available when acquired and first used within the prescribed period.
An amendment inserts a specific depreciation entry in Appendix I, Part A (Machinery and Plant) for machinery and plant used in weaving, processing and garment sectors of the textile industry when purchased under the Technology Upgradation Fund Scheme (TUFS) within the prescribed TUFS purchase and use window and adds a Note defining TUFS as the Government's Technology Upgradation Fund Scheme resolution.

Depreciation for commercial vehicles revised: new rule sets a specified depreciation figure for eligible acquisitions and use.
Amendment inserts a new sub-item in Appendix I, Part A (Tangible Assets) under III. Machinery and Plant providing a depreciation figure of 50 for a commercial vehicle acquired on or after the 1st day of April, 2001 but before the 1st day of April, 2002 and put to use before the 1st day of April, 2002 for business or profession; the amendment is effected by the Income-Tax (Sixth Amendment) Rules, 2001 which come into force on the 1st day of April, 2002.

Depreciation for ships adjusted to a higher uniform rate under Income-tax Rules, changing tax depreciation treatment.
The Income-tax (Fifth Amendment) Rules, 2001 amend the Table to Appendix I of the Income-tax Rules, 1962, Part A relating to Tangible Assets under the heading IV SHIPS by substituting the figures in column 2 for sub-items (1), (2) and (3) with a uniform higher figure; the amendment is made under the power conferred by the Income-tax Act and specifies a commencement date for the new entries.

Tax amendment permits establishment of engineering and medical educational institutions in rural towns below prescribed population limits.
The Income-tax Rules are amended to insert a provision permitting the establishment and running of institutions imparting education in engineering and medicine where located in rural areas or towns below a prescribed population threshold, effective on publication in the Official Gazette and subject to the existing conditions of the Income-tax Rules.

Notification: Profession of information technology notified under section 44AA imposing tax registration and record-keeping obligations.
Notifies the profession of information technology for the purposes of section 44AA of the Income-tax Act, 1961, designating it as a specified profession and bringing it within the registration, accounting and record-keeping obligations that arise under that provision through Notification No. 385(E) issued by the Central Board of Direct Taxes.

Common Adjudicating Authority appointed to adjudicate a combined show cause notice against specified companies under customs law.
The Central Government appoints the Commissioner of Customs, Inland Container Depot, Tughlakabad, New Delhi as the Common Adjudicating Authority to act as Commissioner of Customs for specified ports and airports for the sole purpose of adjudicating the combined show cause notice issued to M/s. Oriflame (India) Pvt. Ltd. and M/s. Silver Oak Labs Pvt. Ltd., consolidating DRI proceedings before a single adjudicating officer.

Common adjudicating authority appointment designates a Customs Commissioner to adjudicate specified show cause notices under the Customs Act.
The Central Government appointed the Commissioner of Customs, Inland Container Depot, Tughlakabad, New Delhi, to perform specified Commissioner of Customs functions at New Custom House (Import), Mumbai and at Air Cargo Complexes in New Delhi and Sahar, Mumbai, for the sole purpose of adjudicating show cause notices issued against a defined list of named parties, the appointment being effected under the statutory power to delegate adjudicatory authority under the Customs Act.

Import route restriction: specified tariff items permitted only through designated ports, airports and an ICD to enforce entry controls.
Imports of the listed Exim-coded items are allowed exclusively through designated seaports (Mumbai, JNPT, Kolkata, Chennai, Vizag, Cochin), airports (Delhi, Mumbai, Chennai, Kolkata) and the Tughlakabad ICD, with a specified subset of items permitted only through the seaport at Mumbai; the notification amends ITC(HS) classifications under the Foreign Trade Policy and deletes a prior notification paragraph.

Anti-dumping duty extension on nitrile rubber imports from Japan extended to continue under Customs Tariff Act authority.
The Central Government amended the principal anti-dumping notification to extend the levy of anti-dumping duty on Acrylonitrile Butadiene Rubber originating in or exported from Japan for a further six months by substituting the earlier expiry date with a new later date, acting under the Customs Tariff Act and the anti-dumping rules following a request and review by the designated authority.

Duty exemption for ball bearings: initial clearances exempt subject to aggregate threshold, declarations and brand exclusions.
Exemption from excise duty applies to clearances of ball or roller bearings under Chapter 84 for initial clearances up to an aggregate annual threshold and to specified goods used as inputs for further manufacture within the producing factory, subject to aggregation across factories and manufacturers, exclusions for goods bearing another person's brand name, and procedural requirements including a declaration and undertaking where there were no prior-year clearances.

Duty exemption conditions for textile goods revised to include interim clearances and restrict refund claims.
Clearances for home consumption of textile goods made between 1st April and 30th April shall be counted in computing the aggregate value of clearances for the financial year for entitlement to nil or concessional duty; refunds of duty or differential duty for clearances before the operative date are not admissible; the term "manufacturer" for these goods includes a person liable to pay excise under the applicable liability rule; and a specified Annexure item is omitted, with amendments effective from 1st May.