Anti-dumping duty on Green Veneer Tape from Chinese Taipei imposed provisionally, covering specified producers and exporters.
Provisional anti-dumping duty is imposed on Green Veneer Tape originating in or exported from Chinese Taipei after preliminary findings of export below normal value and material injury to domestic industry; the duty equals the difference between a prescribed amount and the "landed value" as defined, applies to specified tariff headings, producers and exporters (including M/s. Chiuer Jiuey Enterprise Co., Ltd.), is payable in Indian currency, and is effective up to and including 8 January 2004.

Renewal of recognition conditioned on settlement fund approval and member capital and compliance prerequisites before trading.
Renewal of recognition is granted to Saurashtra Kutch Stock Exchange Limited for a further one-year period in respect of contracts in securities, conditioned on obtaining final approval for a Settlement Guarantee Fund/Trade Guarantee Fund before trading, confirming compliance with SEBI circulars and prior SEBI approvals, ensuring every member maintains adequate Base Minimum Capital free of encumbrances before trading, and complying with observations in SEBI's inspection report, with the Exchange remaining subject to further regulatory prescriptions under the Act.

Tax exemption approval permits infrastructure undertakings subject to compliance with bookkeeping and audit obligations.
Approval under section 10(23G) is granted for specified assessment years to an infrastructure undertaking on the condition that it comply with the statutory provisions and rule requirements, maintain books of account, have those accounts audited by an accountant, and furnish the required audit report; the Central Government may withdraw approval if the undertaking ceases the infrastructure activity or fails to meet bookkeeping, audit, or reporting obligations.

Tax exemption approval under section 10(23G) granted subject to compliance; non compliance permits withdrawal of approval.
Approval is granted to M/s Ahmedabad Mehsana Toll Road Company Limited under section 10(23G) read with rule 2E for specified assessment years for its BOOT project on State Highway No. 41, subject to compliance with section 10(23G) and rule 2E, including maintenance of books, obtaining and furnishing the audit report required by sub rule (7); the Central Government may withdraw approval if the undertaking ceases the infrastructure facility or fails the audit or reporting requirements.

Tax exemption approval for infrastructure projects conditioned on compliance and subject to governmental withdrawal for non-compliance.
Approval under section 10(23G) read with rule 2E was granted to M/s East Coast Consultants and Infrastructure Limited for its BOT bridge project, subject to compliance with section 10(23G) and rule 2E, maintenance of books, audit by an accountant and furnishing of the audit report; the Central Government may withdraw approval if the undertaking ceases the infrastructure activity or fails to maintain, audit, or furnish required accounts and reports.

Export fee reduction for state trading enterprises lowers authorised direct exporters' commission rate under foreign trade policy.
The notification amends Paragraph 17 of the prior export notification to reduce the fee applicable where State Trading Enterprises other than TRIFED are authorised to export niger seeds directly, thereby lowering the export commission rate charged on such authorised direct exports under the Foreign Trade Policy.

Remittance limits updated: higher permissible annual transfers from NRO accounts and inherited assets, subject to documentation and routing rules.
Regulations raise the ceiling for annual remittance by NRIs/PIOs to US$ 1,000,000 from NRO account balances, sale proceeds and inherited assets, subject to documentary proof of acquisition or inheritance; instalments must be remitted through the same authorised dealer. Remittances above US$ 1,000,000 per calendar year are addressed separately for legacies or inheritances to non-resident citizens and for NRIs/PIOs from NRO balances or sale proceeds, with a ten-year cumulative holding requirement for immovable property sale proceeds.

Anti-dumping duty rescission on graphite electrodes removes prior notification's effect while preserving earlier actions.
The Central Government rescinds the notification imposing anti-dumping duty on graphite electrodes from specified countries, exercising powers under the Customs Tariff Act and Rules 18 and 23 of the Anti-dumping Duty Rules, with the rescission not affecting actions done or omitted prior to the rescission.

Anti-dumping duty on graphite electrodes from PR China imposed with producer-specific rates to address dumped imports.
Anti-dumping duty is imposed on Normal Power Grade and High Power Grade graphite electrodes originating in PR China and exported from any country, with producer- and exporter-specific rates in USD per metric tonne (including nil rates for specified combinations) applied to goods under sub-heading 854511. Duties are payable in Indian currency; the applicable rate of exchange is determined under section 14(3)(i) of the Customs Act, 1962 on the bill of entry date. The notification relies on section 9A of the Customs Tariff Act and related Rules for imposition and defines scope by named producers and exporters.

Capital adequacy requirement: debenture trustees must maintain prescribed net worth and avoid conflicts or lending to issuers.
Amendments define networth as paid-up equity plus free reserves less accumulated losses and deferred expenditure; require trustees to employ a qualified lawyer and meet a capital adequacy requirement in the form of a minimum networth, maintain that networth continuously, report any shortfall to the Board and not take new assignments until restored. Trustees are barred from acting where they are associates of or have outstanding or proposed loans to the issuer; trustees may not relinquish assignments until a replacement is appointed and are granted inspection and reporting powers, with detailed mandatory trust-deed contents specified.

Research approval under section 35 imposes specified accounting and annual reporting obligations for tax-exemption compliance.
Approval was granted to The Institute of Chartered Accountants of India as an Association under section 35, conditioned on maintaining separate research books, filing an annual research return to the Department of Scientific & Industrial Research by 31st May, and submitting audited annual accounts and audited income & expenditure accounts for research activities to designated tax and research authorities by 31st October, in addition to the income-tax return; renewal applications must be submitted in triplicate through tax authorities and directly to the Department.

Tax exemption for specified debentures under section 80L extends to named IDBI Flexibonds in the 13th series.
Notification under section 80L(1)(ii) specifies certain debentures of the Industrial Development Bank of India in Flexibonds 13th Series (2001 02) - namely the Regular Income Bond, Infrastructure Bond and Retirement Bond - identified by series, bond type, option categories and distinctive number ranges, each having a stated face value and, for the retirement bond, a specified minimum investment, for the purposes of clause (ii) of sub section (1) of section 80L.

Tax deduction eligibility for specified debentures under section 80L(1)(ii), authorising certain IDBI bonds as eligible.
The Central Government, under clause (ii) of sub section (1) of section 80L, specifies four categories of IDBI debentures in Flexibonds 12th Series (2001 02) - Regular Income Bond, Growing Interest Bond, Infrastructure (Tax Saving) Bond and Retirement Bond - each identified by distinctive numbering ranges and a specified face value, with the Retirement Bond subject to a minimum investment requirement.

Tax exemption notification recognises Grocery Markets Board subject to conditions on income use, investments, business income and filing.
Notification recognises the Grocery Markets & Shops Board, Mumbai as entitled to exemption under clause (23C)(iv) of section 10 for assessment years 1990-91 to 1992-93, conditional on: application or accumulation of income solely for its objects; investment and deposit restrictions to forms permitted for charitable funds; exclusion of business income unless incidental and separately accounted; regular filing of income-tax returns; and transfer of surplus and assets on dissolution to a similar charitable organisation.

Tax exemption notification: Jesuit Madurai Province granted Section 10(23C)(iv) recognition subject to compliance conditions.
Notification granting Section 10(23C)(iv) recognition to The Jesuit Madurai Province for assessment years 1997-98 to 1999-2000, conditioned on applying or accumulating income wholly and exclusively to its objects; restricting investments to forms permitted by section 11(5) except certain voluntary contributions; excluding business income unless incidental with separate books; regular filing of income tax returns; and on dissolution transferring surplus assets to a charitable organisation with similar objectives.

Tax exemption under clause 23C(iv) of section 10 granted to a charitable trust subject to compliance conditions.
Notification designates Adhiparasakthi Charitable, Medical, Educational and Cultural Trust as eligible under clause (23C)(iv) of section 10 of the Income-tax Act for the specified assessment years, subject to conditions: income must be applied or accumulated exclusively for its objects; investments and deposits must be limited to permitted modes (excluding certain voluntary contributions held in kind); business income is excluded unless incidental and separately accounted; regular filing of income-tax returns is required; and on dissolution surplus assets must go to a similar charitable organisation.

Exemption from Special Additional Duty for umbrella cloth panels introduced, creating a tariff entry exempting such goods from SAD.
Amendment to Notification No. 23/2002-Customs inserts a new table entry exempting umbrella cloth panels, as specified against the related table in Notification No. 21/2002-Customs, from Special Additional Duty by declaring Nil SAD for those goods.

Remittance of Assets regulation amendment under FEMA narrows 'branch/office' to exclude project offices, effective on publication.
The Reserve Bank of India amends the Remittance of Assets Regulations by inserting that the term 'branch/office' in regulation 6(1)(iii) does not include a project office; the Amendment takes effect on publication in the Official Gazette and modifies the earlier Notification No. FEMA.13/2000-RB in respect of that provision.

Project Office Establishment: foreign firms may open project offices only under specified funding or clearance conditions with mandatory RBI reporting.
The Regulations permit a foreign company to open a Project Office in India only if it has a contract with an Indian company and the project is funded by inward remittance, funded by a bilateral or multilateral international financing agency, cleared by an appropriate authority, or the contracting Indian entity has been granted a term loan by a public financial institution or bank; the foreign company must report specified company and project details to the Reserve Bank regional office and the Project Office may undertake only activities related and incidental to project execution.

Anti-dumping duty discontinuance on fused magnesia rescinded following statutory review and administrative recommendation under customs tariff rules.
The Central Government accepted the designated authority's 2003 review recommendation and, exercising powers under the Customs Tariff Act and applicable anti-dumping rules, rescinded the 1999 notification imposing anti-dumping duty on imports of Fused Magnesia originating in or exported from the People's Republic of China, thereby discontinuing the anti-dumping duty.