Anti-dumping duty rescission on ball bearings withdraws prior notification while preserving prior actions.
The Central Government, invoking powers under the Customs Tariff Act and the Customs Tariff Rules relating to anti dumping, rescinds Notification No. 89/2003 Customs concerning anti dumping duty on ball bearings and parts and components originating in or exported from specified foreign sources, withdrawing that notification's operative effect, except as respects acts done or omitted to be done before such rescission.

Notification amendment: substitution of serial entry to list SICOM Limited under the Companies Act notification.
The Central Government issues a corrigendum under the Companies Act to amend the principal notification S.O. 1329 (8 May 1978) by substituting serial number 44 and its entries with the following entry: "44. SICOM Limited;" as published in S.O. 544(E) dated 30 April 2004, thereby effecting an administrative revision to the notified list of companies.

SEZ import notification postponement: effective date for customs exemption amended to 11th May, deferring prior recession.
Notification No.60/2004-Customs, issued under section 25(1) of the Customs Act, substitutes the date in paragraph 2 of Notification No.115/2003-CUSTOMS: the original "1st day of May, 2004" is replaced by "11th day of May, 2004", thereby postponing the recession of Notification Nos.137/2000-Cus. and 82/2002-Cus. affecting imports for manufacture, development and maintenance in SEZs.

Postponement of SEZ effective date extends implementation timeline through statutory amendment of existing notifications by government.
Central Government directs a temporal amendment to ten specified Customs (N.T.) notifications concerning Special Economic Zones by substituting the previously notified commencement date with a later postponed effective date in paragraph 2 of each principal notification, applying a uniform deferment across the listed instruments and leaving other substantive provisions unchanged.

SEZ sale in DTA exemption: effective date for exemption postponed to a later date by government amendment.
The Government amends Notification No. 114/2003-Customs to substitute the commencement date in paragraph 2 with a later date, thereby changing when the Special Additional Duty exemption for sales from SEZs into the domestic tariff area takes effect.

Postponement of commencement for Special Economic Zones customs regulations by amendment substituting the notified commencement provision.
Amendment regulations substitute the figures, letters and words specifying the commencement date in regulation 1(3) of the Special Economic Zones (Customs Procedures) Regulations, 2003, thereby postponing commencement; the amendment is made under section 157(1) read with section 76C(2) of the Customs Act, is titled the Special Economic Zones (Customs Procedures) (Amendment) Regulations, 2004, and shall come into force on publication in the Official Gazette.

Exemption date amendment for SEZ-manufactured castor oil cake shifts the effective date to a later specified date.
Amendment to a Customs exemption notification substitutes the previously specified effective date in paragraph 2 of Notification No. 113/2003-CUSTOMS with a later date, thereby shifting when duty-free treatment for castor oil cake manufactured from indigenous castor seeds and plant and machinery in a Special Economic Zone becomes operative.

Effective date postponement of Special Economic Zones Rules shifts commencement to 11th May 2004 under Customs amendment notification.
Amendment postpones the commencement date of the Special Economic Zones Rules, 2003 by substituting the earlier date in rule 1(2). The Special Economic Zones (Amendment) Rules, 2004 (Notification No. 58/2004 - Customs (N.T.)) provides that the amended rules shall come into force on publication in the Official Gazette and effects the sole operative change of replacing the previously notified commencement date with the newly specified date.

Special Economic Zone benefits commencement date extended, deferring the operative customs notification date to a later day.
The commencement date for implementation of Special Economic Zone benefits was extended by amending the earlier customs notification. The operative date was substituted from 1 May 2004 to 11 May 2004, thereby deferring the date on which the notified benefits would take effect under the applicable customs framework.

Effective date amendment delays implementation of excise exemption notifications by substituting the commencement date.
Amendment substitutes the figures, letters and words in paragraph 2 of Notification Nos. 58/2003-Central Excise and 59/2003-Central Excise, replacing the earlier commencement date with a later commencement date, thereby changing when the specified excise exemptions take effect and recording the statutory authority and Gazette references for the principal notifications and their prior amendment.

Extension of commencement date for a central excise notification, postponing the scheduled insertion and omission to a later May date.
The Central Government amends Notification No. 58/2003 CE(N.T.) by substituting the earlier commencement date of 1st May with the later 11th May, thereby postponing the insertion and omission provisions under the notification pursuant to powers conferred by the Finance Act.

Approval under section 10(23G) secures tax-exempt status for a BOT container terminal, subject to compliance and audit.
Approval is granted to M/s PSA SICAL Terminals Ltd under section 10(23G) read with rule 2E for its BOT container terminal at Tuticorin Port, effective from AY 2000 01 until the 30 year licence end (up to 14.07.2028) or earlier on licence violation. The approval is conditional on compliance with section 10(23G)/rule 2E and may be withdrawn if the enterprise ceases the eligible business, fails to maintain books and obtain the required audit, or fails to furnish the prescribed audit report.

Exchange rate determination for export goods sets statutory conversion rates under Customs Act, superseding prior notification.
The Board, under section 14(3)(a)(i) of the Customs Act, 1962, determines the rate of exchange for conversion between specified foreign currencies and Indian rupees for export goods, effective 1st May, 2004, superseding the prior notification; Schedule I lists per unit rupee equivalents for listed currencies and Schedule II provides the rupee equivalent for one hundred units of the Japanese Yen.

Exchange Rate Determination for import valuation fixes specified foreign currency conversion rates for customs assessment.
The Board notifies exchange rates to be used for converting specified foreign currencies into Indian rupees for import valuation, superseding the prior notification. Schedule I lists rates per one unit for major currencies (including Australian dollar, Canadian dollar, euro, pound sterling, US dollar among others) and Schedule II lists the rate per one hundred units of Japanese yen; these rates take effect on the notified effective date and apply for customs assessment of imported goods.

Income Tax Appellate Tribunal rules amend selection, appointment and retirement of Tribunal leadership under merit based committee recommendations.
The amendments add rule 4A permitting the Selection Board to set its own procedure and require members to mark viva voce candidates; provide that the Central Government appoints the Senior Vice President or a Vice President as President; create rule 7C establishing a Selection Committee (a sitting Supreme Court Judge nominated by the Chief Justice, the President and the Secretary, Ministry of Law and Justice) to recommend appointments on merit; and retitle and amend rule 11 to use "Retirement" in place of "compulsory retirement".

Import of new vehicles permitted through specified customs ports, expanding authorised entry points under Foreign Trade Policy.
The Central Government has amended the Import Licensing Notes to Chapter 87 of the ITC (HS) Classification under the Export and Import Policy to permit import of new vehicles through specified customs entry points: Nhava Sheva, Kolkata, Chennai, ICD-Tughlakabad, Delhi Air Cargo and MumbaiPort, as authorised by the Director General of Foreign Trade and stated to be in the public interest.

Designation amendment: Director General of Foreign Trade also holds ex officio Additional Secretary status, affecting official notifications.
Corrigendum amends Notification No. 38 to add that the Director General of Foreign Trade also serves ex officio as Additional Secretary to the Government of India, clarifying the official capacity of the officeholder; issued in the public interest.

Import of new vehicles: amendment authorises specified customs and air cargo ports as permitted entry points under import licensing.
Amendment permits import of new vehicles through designated seaports, an inland container depot and an air cargo facility by revising the Import Licensing Notes to Chapter 87 under the Foreign Trade Policy, authorising specified entry points for imports within the licensing framework.

Duty Free Entitlement Certificate restrictions limit certain exports and bar agricultural imports from duty free entitlement use.
Correction inserts exclusions to the Duty Free Entitlement Certificate for Status Holders: exports of rough, uncut and semi polished diamonds; gold and silver in any form including plain jewellery; central pool food grains; and items exported under free shipping bills shall not count for entitlement. Separately, agricultural products classified in Chapters 1-24 of the ITC (HS) are not allowed for import under Duty Free Credit Entitlement Certificates.

Renewal of recognition for a stock exchange granted subject to mandatory compliance with SEBI advice within three months.
Renewal of recognition under the Securities Contracts (Regulation) Act is granted for one year from 28 April 2004 to 27 April 2005 for contracts in securities, on the basis that such renewal is in the interest of trade and the public. The recognition is expressly made subject to the exchange complying with the regulator's advice communicated by letter within three months of the notification, and to any additional conditions that may be prescribed or imposed thereafter.