Tariff value fixation amended for specified edible oils and metal scrap, affecting import valuation and compliance.
Substitution of the Table in Notification No. 36/2001 Cus (N. T.) fixes tariff values in US dollars per metric tonne for specified commodities, the Board exercising the powers conferred by sub section (2) of section 14 of the Customs Act, 1962; the Table lists edible oils, Brass Scrap (all grades) and Poppy seeds, with certain oil entries marked as unchanged and Brass Scrap and Poppy seeds assigned tariff values.

Avoidance of double taxation: treaty allocates taxing rights, limits source taxation and provides cooperation measures between the States.
The Agreement establishes a bilateral framework to avoid double taxation and prevent fiscal evasion between India and Mozambique, applies to residents and taxes on income, and defines residence, permanent establishment (including inclusions, exclusions and time thresholds), and allocation of taxing rights for business profits, dividends, interest, royalties and capital gains. It provides relief by tax credit/deduction rules, a mutual agreement procedure, exchange of information, assistance in tax collection, non discrimination protections and a limitation of benefits anti abuse rule. The Government of India notified the Agreement shall be given effect in India from 1 April 2012.

Corrigendum to notification: corrects the trust's registered address in a prior income tax notification.
Corrigendum by the Ministry of Finance (Department of Revenue) formally corrects a prior income tax notification by replacing the trust address "115, Jolly Bhawan No. 1, 10, New MARINE Lines, Mumbai - 400020" with "08, Jolly Bhavan No. 1, 10, New Marine Lines, Mumbai - 400020," as recorded in the Gazette.

Postal ballot rules under the Companies Act establish a new procedural framework and supersede prior postal ballot rules.
Introduction of rules governing passage of company resolutions by postal ballot under the Companies Act through notification GSR 419(E), establishing the Companies (Passing of the Resolution by Postal Ballot) Rules, 2011 and expressly superseding the earlier 2001 postal ballot rules, thereby prescribing the statutory framework and procedural governance for passing resolutions by postal ballot.

Criminal tax enforcement strengthened: new directorate to investigate, prosecute and coordinate cross-border tax crimes.
A Directorate of Income-tax (Criminal Investigation) (DCI) is established within the CBDT to investigate and prosecute offences under direct tax laws, including cross-border and inter-State financial crimes; functions include intelligence collection, fund-source investigations, issuance of show-cause notices, filing prosecutions, engaging special prosecutors and experts, witness protection, and domestic and international information-sharing. The DCI will be headed by a Director General located in New Delhi, operate under Member (Investigation) control, maintain eight zonal directorates led by Commissioners, and use existing Intelligence and CIB posts pending notification of final staffing and recruitment rules.

Special Economic Zone notified for IT/ITES; Approval Committee constituted and zone deemed Inland Container Depot.
A sector-specific Special Economic Zone for IT and IT-enabled services is notified at Pantheerankavu and Nellikode, Kozhikode, aggregating 10.1210 hectares, pursuant to approval under the Special Economic Zones Act, 2005. An Approval Committee is constituted with specified ex-officio Central and State representatives and a developer invitee for purposes of Section 14. The zone is deemed to be an Inland Container Depot from 27 May 2011 under the Customs Act, 1962.

Provisional assessment of acetone imports by a named exporter ordered pending review, with security and retrospective duty liability.
Provisional assessment is ordered for acetone imports exported by M/s Chang Chun Plastics Co. Ltd, Chinese Taipei pending a new shipper review; such provisional assessment may be subject to security or guarantee to cover any deficiency if a definitive anti dumping duty is later imposed, and if the review results in imposition of anti dumping duty the importer will be liable to pay the duty on all imports by M/s Chang Chun from the date of initiation of the review.

Tariff classification amendment: substitution of customs subheadings refines scope of anti dumping duty coverage under the notification.
Amendment substitutes a specified tariff identifier in the Table of the principal anti dumping notification with two distinct customs tariff subheadings, thereby refining which tariff classifications fall within the notification's scope for anti dumping duty identification, assessment and collection under the Customs Tariff framework.

Exchange Rate Determination: new statutory conversion rates set for foreign currencies affecting import and export valuation.
Determination under section 14 of the Customs Act, 1962 prescribes statutory exchange rates for conversion between specified foreign currencies and Indian rupees for customs valuation, effective from 1st June, 2011, superseding the earlier notification except as to prior acts or omissions; rates are listed separately for imported goods and for export goods in the attached Schedules.

Specified income from an international sporting event notified for designated persons where tax liability remains with those persons.
The Government notifies the International Cricket Council Cricket World Cup, 2011 as an international sporting event and specifies certain ICC entities as the persons whose income arising in India and directly related to the event, from the listed agreements (primarily sponsorships), shall be treated as specified income, provided the tax liability is not transferred and remains with those designated persons.

Companies forms amended: revised Form 8 for creation/modification of charges now effective 29 May 2011.
The Central Government substitutes Form 8 and Form 17 in the Companies (Central Government's) General Rules and Forms, 1956 effective 29 May 2011. The revised Form 8 prescribes mandatory particulars and attachments for the creation or modification of charges (other than debentures), including charge identification, company and charge-holder details, instrument description, amount secured, terms (interest, repayment, margin, extent and operation), acquisition-related charge particulars, verification and digital-signature requirements, and administrative certification for registration.

Cost auditor information requirement: new e-Form mandates detailed appointment and audit scope disclosure to Central Government.
Amendment inserts a new Form 23D, effective 29 May 2011, requiring cost auditors to electronically submit prescribed information to the Central Government: company identification, Service Request Number of Form 23C, particulars of the Central Government cost audit order, detailed identity and contact information of the cost auditor or firm, disclosure of disqualification status and appointment limits, scope of audit, financial year covered, filing and receipt dates, acceptance status, attachments including the company intimation, and digital verification by the cost auditor with membership particulars.

Extension of filing deadline for DVAT 51 reconciliation and Declaration Forms, with no further extensions permitted.
Extension of time is granted for furnishing the reconciliation return in DVAT 51 and for submission of the original portions of Declaration Forms C, E I, E II, F, I, J and H under the Delhi VAT and Central Sales Tax rules for specified quarters; no further extensions will be considered and taxpayers must take advance steps to comply with statutory filing requirements.

Export of guar gum: prior trace PCP limit for EU exports reinstated by rescission of the intervening restriction.
The Central Government rescinds Notification No. 47(RE-2010)/2009-2014 (18.05.2011), removing the prohibition on any proportion of Penta Chlorophenol (PCP) in guar gum exported to the EU, and thereby reinstates the earlier condition from Notification No. 50 of 06.07.2010 permitting consignments to contain PCP up to the previously authorised trace limit for exports to the EU.

Customs concession: excess duties waived for pre-existing imports used in metallised plastic film manufacture subject to conditions.
Central Government, under Section 28A of the Customs Act, 1962, directs that duties of customs in excess of that payable but for a prevailing practice shall not be required to be paid for goods imported for use in or for manufacture of metallised plastic films, notwithstanding a judicial finding to the contrary, provided the goods were imported before the decision, were used in or for production of final products on which excise duty has been paid, and no refund of that excise duty has been availed.

PAN requirement scope expanded to cover life insurance premiums and high value bullion and jewellery payments and card issuance.
Amendment to rule 114B expands the scope of PAN reporting by: substituting "tour operator" with "tour operator, or to an authorized person" under FEMA; replacing "for issue of a credit card" with "for issue of a credit or debit card"; and inserting clauses requiring PAN where annual life insurance premium payments meet the prescribed aggregate threshold and where dealer payments at or above the prescribed single time amount or against a bill for purchase of bullion or jewellery trigger PAN reporting.

Duty-free tariff rate quota increased for apparel exports from Bangladesh, raising the permitted duty free ceiling under the customs notification.
Amends Notification No. 51/2008 Customs by substituting, in condition (a) of the preamble, the previously specified figure and words with the revised figure and words, thereby increasing the duty free tariff rate quota for apparel exports from Bangladesh under that notification.

RTI Act reporting requirements added to annual report rules, requiring disclosure of application and appeal statuses.
Amendment inserts RTI Act disclosures into the Commission's annual report, requiring counts of applications received by CPIO/ACPIO, applications for which information was provided, applications pending with CPIO, appeals filed before the First Appellate Authority, appeals disposed of, appeals pending with the First Appellate Authority, and applications/appeals not disposed within the stipulated timeframe, effective from publication in the Official Gazette under the cited enabling provisions.

Amendment to tribunal service rules removes conditional phrase and corrects wording, effective on publication under competition law.
Amendment to the Competition Appellate Tribunal service rules modifies rule 5(1) of the 2009 Rules by omitting the parenthetical phrase "(1) Subject to the provisions of sub-rule (2)" and substituting "to receive" for "to received" in the proviso. The Amendment Rules are issued under powers conferred by the Competition Act and come into force from their publication in the Official Gazette, with cross-reference to the principal 2009 rules and earlier 2009 amendments.

Limited Liability Partnership specified as body corporate for a Companies Act provision, aligning LLPs with that statutory corporate status.
The Central Government specifies that a Limited Liability Partnership is to be treated as a body corporate for the limited purpose of the relevant provision of the Companies Act, 1956, invoking the Act's specification power to align LLPs with the corporate status prescribed by that provision without altering their general legal character.