Anti-dumping duty on D(-) Para Hydroxy Phenyl Glycine Base from EU; provisional duties and conversion rules specified.
Provisional anti-dumping duty imposed on D(-) Para Hydroxy Phenyl Glycine Base from the European Union, based on findings of dumping, material injury and threat thereto; duties set as the difference between specified US$ per kilogram amounts and the assessable landed value per kilogram for named and other EU exporters; duties payable in Indian currency; landed value and the exchange rate for conversion defined by Customs and Finance notifications, with a specified expiry for the provisional measure.

Charitable recognition under income-tax law requires exclusive application of income, restricted investments, separate business accounts, and return filing.
Notification recognises Swaminarayan Alcsharpith, Ahmedabad under clause (23C)(iv) of section 10 for specified assessment years subject to conditions: income must be applied or accumulated wholly and exclusively to its objects; investments restricted to forms specified in section 11(5) (except certain voluntary contributions); business income excluded unless incidental with separate books; regular filing of income-tax returns; and on dissolution surplus assets must transfer to a charitable organisation with similar objectives.

Omission of tariff entry: amendment removes a specified serial entry from the customs exemption table.
The Central Government, exercising powers under sub-section (1) of section 25 of the Customs Act, 1962, amends Notification No. 21/2002 Customs by omitting S. No. 174A and its related entries from the Table in the principal notification; this amendment is promulgated by Notification No. 67/2002 Customs and follows earlier amendments recorded in the Gazette.

Textile yarns include textile fibres, and exemption conditions satisfied where appropriate excise or customs duty has been paid.
Amendments to Notifications Nos.14/2002 and 15/2002 clarify that the term textile yarns includes textile fibres, and that for processed textile fabrics (and certain goods) manufactured by composite or vertically integrated mills the condition in column (5) of the Table is satisfied if the fabrics or goods are manufactured from textile fibres or yarns on which the appropriate excise duty or additional customs duty has been paid; the explanations are retrospective.

Amendment to foreign exchange regulations removes a specified condition in Regulation 6 and renumbers subsequent conditions.
Amendment deletes a specified condition in clause (b) of Regulation 6 of the Foreign Exchange Management (Acquisition and transfer of immovable property in India) Regulations 2000 and renumbers the subsequent conditions accordingly. The Reserve Bank of India issues the amendment under powers conferred by the Foreign Exchange Management Act and titles it the Amendment Regulations 2002, which come into force on publication in the Official Gazette.

Refunds of property deposits allowed where payments originated from NRE/FCNR or lawful remittances, subject to genuineness checks.
The amendment permits refunds of application/earnest money or purchase consideration for non allotment or cancellation of property bookings, together with interest net of income tax, where the original payment originated from the holder's NRE or FCNR account or was remitted from abroad through normal banking channels, subject to the authorised dealer being satisfied about the genuineness of the transaction.

Tax exemption notification permits trust income application and prescribes investment, business and dissolution conditions, including filing obligations.
Notification under clause (23C)(iv) of section 10 notifies the Indian National Trust for Art and Cultural Heritage for assessment years 2002-03 to 2004-05, subject to conditions: income must be applied or accumulated solely for its objects; investments limited to forms permitted by Section 11(5) (with narrow exception for certain in-kind voluntary contributions); business income only if incidental with separate books; regular filing of income-tax returns; and on dissolution surplus and assets must transfer to a similar charitable organisation.

Tax exemption notification conditions charity status on exclusive application of income and compliance with investment and filing rules.
Notification grants conditional income-tax exemption to Friends of Moral Re-Armament (India) for specified assessment years, requiring exclusive application of income to its objects, limiting investments to permitted forms except certain voluntary contributions in kind, excluding business income unless incidental and separately accounted, mandating regular filing of income-tax returns, and providing that on dissolution surplus assets transfer to a charitable organization with similar objectives.

Exemption under clause 23C(iv): tax notification grants exemption to Indian Chamber subject to compliance conditions.
Notification dated 28 June 2002 notifies the Indian Chamber of Commerce, Kolkata under clause (23C)(iv) of section 10 for assessment years 1995-96 and 1996-97, subject to conditions: apply income wholly to its objects; restrict investments to forms in sub section (5) of Section 11 (except certain voluntary contributions); exclude business income unless incidental and separately accounted; regularly file returns; and on dissolution transfer surplus to a like charitable organization.

Export conditions for onions: STEs to manage quotas, issue NOCs, reduced service charges, MEP compliance and reporting.
Notification authorises State Trading Enterprises, including NAFED, to export onions only under DGFT released quotas and to issue NOCs to associate shippers; STEs may levy reduced service charges for NOCs (maximum 2% immediately, reducing to 1% from 1.4.2003) and are barred from any other charges. All exports must comply with a Minimum Export Price fixed by NAFED, be shipped within prescribed timeframes, and be subject to exporter selection rules, quality maintenance and mandated reporting to NAFED and the Department of Consumer Affairs. These conditions apply to previously released quota balances referenced in earlier DGFT notices.

Appointment of Director General (Specific Safeguard) establishes designated authority to administer product specific safeguard rules under transitional customs framework.
The Central Government, exercising the power under sub rule (1) of rule 3 of the Customs Tariff (Transitional Product Specific Safeguard Duty) Rules, 2002, appoints Shri R. K. Gupta, Commissioner of Customs (General), New Delhi, as Director General (Specific Safeguard) to perform the administrative and procedural functions under those Rules.

Customs export permissions updated: Jaigad authorized to load molasses and bauxite ore for export under amended notification.
The Central Government amends the existing Customs notification for Maharashtra by substituting the table entry for Jaigad to authorize loading of goods for export at that port, specifically permitting loading for export of molasses and bauxite ore.

Customs exemption extended and new capital equipment exemption added for SU-30 MKI manufacturing imports by domestic manufacturer.
Amendment to the principal Customs exemption notification substitutes a later date in the Explanation to S. No. 18, extending that entry's period, and inserts S. No. 21 to create an exemption for capital equipment imported for setting up facilities to manufacture SU-30 MKI aircraft when imported by the specified domestic manufacturer, promulgated under sub-section (1) of section 25 of the Customs Act, 1962.

Exchange rate determination for export goods sets specified foreign currency conversion rates into Indian rupees effective from notification.
Notification No.40/2002-Customs (N.T.) fixes conversion rates for specified foreign currencies into Indian rupees for export goods, superseding the prior notification, and sets out unit rates in Schedule I and a 100-unit rate for Japanese Yen in Schedule II to apply with effect from the notified commencement date for export-related customs conversion and valuation.

Exchange rate determination for imported goods establishes specified currency conversion rates effective from the notified date.
The Board, exercising powers under the Customs Act, prescribes conversion rates for specified foreign currencies into Indian rupees for imported goods, superseding the earlier notification; Schedule I lists rates per one unit for various currencies and Schedule II lists the rate per one hundred units for the Japanese yen, with the prescribed rates taking effect from the notified commencement date for customs valuation and import procedures.

Surplus power sale by exempt units permitted subject to duty on consumables or duty free transfer.
Notification 65/2002 amends several Customs exemption notifications to permit, subject to Assistant/Deputy Commissioner satisfaction and specified conditions, export oriented units authorised to sell into the Domestic Tariff Area or to transfer to other exempt units to (i) sell surplus power into the DTA on payment of an amount equal to duty on consumables and raw materials used per unit of power as per Board of Approvals' norms, or (ii) transfer surplus power to other exempt export units or units in designated export parks/zones without payment of duty, with both parties required to maintain consumption accounts for Net Foreign Exchange calculations.

Sale of surplus power: authorised EOUs may sell to DTA on duty for consumables or transfer to EOUs duty free under conditions.
Where an export oriented unit authorised by the State Electricity Board and permitted by the Development Commissioner sells surplus power into the Domestic Tariff Area the Assistant or Deputy Commissioner of Central Excise may allow the sale on payment equal to the duty leviable on consumables and raw materials used in generation of each unit of power calculated on norms approved by the Board of Approvals; alternatively the officer may permit transfer of surplus power to other export oriented units without payment of duty, subject to maintenance of accounts of consumables for Net Foreign Exchange calculation.

Customs exemption rules updated to align notifications with the Export Import Policy and relax transfer and exchange conditions.
Notifications are amended to replace prior policy citations with the Export Import Policy and Handbook of Procedures Volume I, to insert or revise definitions, to reduce specified percentage thresholds to fifteen per cent., and to permit procurement from international exhibitions and exchange of plain precious metal jewellery subject to conditions. Several notifications expand duty free transfer/supply rules for capital goods and specified inputs between export units, SEZs and related parks, introduce contract farming transfer rules with bank guarantee and accountal requirements, and update goods descriptions to include computers and air conditioning systems.

Export-import policy amendments update concessional excise procedures and permit inter-zone transfers with revised procedural safeguards.
Notification 35/2002 amends multiple central excise notifications to adopt the Export and Import Policy 1 April 2002-31 March 2007, reduce prescribed earning thresholds to fifteen per cent., require manufacturers to follow rules 11 and 20 of the Central Excise Rules, 2002, and replace prior application procedures with a certificate in Form CT 3. It permits transfers of goods and capital goods among units in zones, SEZs, EHTPs, STPs and 100% EOUs for manufacture, export or in unit use, and adds contract farming conditions, new annexure items, and uniformised handbook and terminology references.

Declaration of Non-Taxable Investment Income: new form statements require taxpayers to certify income below taxable threshold.
The amendment inserts a declaration item into specified tax declaration forms requiring taxpayers to certify that income from dividends, interest on securities, other interest, units, and specified investment amounts, or the aggregate of such incomes for the relevant previous year, will not exceed the maximum amount not chargeable to income-tax.