Tariff classification amendment updates listed subheadings to redefine which goods fall within a Central Excise non-tariff notification.
The notification substitutes the column entry for a designated serial number in the table of the existing Central Excise non-tariff notification with three specified tariff subheadings, thereby changing which goods are captured by that table entry. The amendment is issued under statutory powers conferred by the Central Excise framework as a further amendment to the earlier notification concerning MRP-based valuation.

Removal of a Schedule provision under current account rules eliminates a prohibited current account transaction category under FEMA.
The amendment effects a targeted regulatory change by omitting item number 16 from Schedule III of the Foreign Exchange Management (Current Account Transactions) Rules, 2000, thereby removing that specified schedule entry from the regulatory framework for current account transactions; the change is made under statutory powers in consultation with the central bank and comes into force on publication in the Official Gazette.

Exemption under Section 10(23C)(iv) protects income received for Vivekananda institutions subject to specified compliance conditions.
Any income received by any person on behalf of Vivekananda Rock Memorial and Vivekananda Kendre shall not be included in the total income of such person for assessment years 2005 2006 to 2007 2008, subject to conditions: the Institution must apply or appropriately accumulate income for its objects with accumulation limits, invest funds only in modes permitted by the Act (excluding certain voluntary contributions), exclude business income unless incidental with separate books, file returns regularly, and on dissolution transfer surplus and assets to a like purpose organization.

Duty exemption for imports under Target Plus Scheme allows customs and additional duty relief against duty credit certificates.
Exempts specified goods imported against a Duty Credit Certificate issued under the Target Plus Scheme to Star Export Houses from customs duty and specified additional duty, subject to conditions: certificate must be issued for incremental export growth, produced at clearance with sufficient credit, non transferability (with supporting manufacturer exception), installation/use certification for capital and equipment within six months, permitted ports/airports/ICDs/SEZs for import, and rules governing treatment of additional duty and entitlement calculations.

Anti-dumping duty on caustic soda amended to impose country-specific duties and maintain measures after mid-term review.
The Central Government, relying on the designated authority's preliminary, final and mid term review findings that caustic soda imports were dumped and caused or threatened material injury, amended the prior notification by substituting a new table prescribing definitive anti dumping duties on caustic soda (sub headings 2815 11 and 2815 12). Duties are set by country of origin and country of export (including distinctions for Chinese Taipei, Indonesia and the European Union excluding France), apply to any producer and exporter, and are stated per Dry Metric Tonne in US Dollar terms.

Renewal of recognition subject to compliance with inspection report suggestions before resuming trading by the exchange.
The Securities Contracts (Regulation) Act recognition is renewed under section 4 for a fixed one year term and applies to contracts in securities subject to the stated conditions and any further requirements. The Exchange must not commence trading until it has complied with the suggestions set out in the SEBI inspection report communicated to the Exchange by letter.

Special Economic Zone notification: area designated under SEZ Act and Rules following statutory approval and land possession.
Central Government notifies specified parcels in Doddakannelli Village, Varthur Hobli, Sarjapur Road, Bangalore as a Special Economic Zone for information technology, based on the Board of Approval's prior sanction, M/s Wipro Limited's possession of the land, grant of a letter of approval, and satisfaction of the conditions under the Special Economic Zones Act and Rules; the notification lists the constituent survey numbers and areas.

Special Economic Zone notified for information technology after Board approval and fulfilment of statutory requirements.
Central Government notifies specified surveyed parcels at Doddathogur Village, Begur Hobli, Electronic City, Bangalore as a Special Economic Zone for information technology, following Board of Approval acceptance, grant of a letter of approval to M/s. Wipro Limited, possession of land by the developer, and application of transitional provisions in the SEZ Rules to validate pre commencement approvals.

Cost audit requirement mandates plantation companies to maintain and have cost accounting records audited annually under plantation rules.
An audit order requires specified plantation companies to maintain cost accounting records under the Cost Accounting Records (Plantation Products) Rules, 2002 and to have those records audited annually; the directive, issued under section 233B(1) of the Companies Act, applies to the listed companies for the year ending 31-3-2006 or the current financial year as applicable and for every financial year thereafter.

Tariff exemption for naphtha imports by designated power plant for electricity generation permitted with nil duties.
The amendment inserts a new proviso clause and Table entry 74A in Notification No.21/2002-Customs, permitting naphtha imports for use in generation of electricity at the designated power plant to attract nil customs duty and related nil levies, effective from the stated operative date, as a conditional exemption under the principal notification.

Custodian appointment requirement mandates custodians for portfolio managers with exemptions for small managers and advisors.
Amendments redefine principal officer as a designated employee and require that the principal officer hold a recognised professional qualification or specified securities-market experience. A new rule requires every portfolio manager to appoint a custodian for securities managed, with exemptions for managers beneath a prescribed assets-under-management threshold and for those who provide only advisory services.

Notification correction altering required principal amount and corpus allocation, swapping the two previously stated monetary thresholds.
The corrigendum amends the prior notification by replacing the previously stated figures so that the principal amount is Rs. 20.00 lakhs and the corpus fund is Rs. 40.00 lakhs, instead of the earlier Rs. 40 lakhs plus a corpus fund of Rs. 20.00 lakhs.

Exemption under section 35AC: Polio hospital project specified as eligible for continued tax-exempt status after committee recommendation.
The Central Government specifies the project "Running of Polio Hospital, Rehabilitation and Research Centre at Hiran Magri, Sector-4, Udaipur, Rajasthan" carried out by Narayan Seva Sansthan, Seva Dham, as an eligible project under section 35AC for a further three-year period commencing with the financial year 2006-2007, without any change in the approved estimated cost of Rs. 10.00 crores including a corpus fund of Rs. 2.00 crores, following a recommendation by the National Committee for Promotion of Social and Economic Welfare.

Exemption under section 35AC: extension of specified hospital construction and equipment scheme for a further two-year period.
The Central Government specifies the project for construction, renovation and purchase of equipment for Sheth Vadilal Sarabhai General Hospital and Sheth Chinai Maternity Hospital, Ahmedabad as eligible for exemption under section 35AC of the Income-tax Act, 1961 for a further two years commencing from the financial year 2006-2007, without any change in the approved project cost of Rs. 1635.45 lakhs, following a recommendation under rule 11M of the Income-tax Rules, 1962.

Tax exemption under section 35AC: rehabilitation project for the blind specified and extended, preserving its eligible status.
The Central Government specifies a rehabilitation scheme for the blind in Mehsana District, Gujarat, carried out by the National Association for Blind (Mehsana District Branch), as an eligible project under section 35AC of the Income-tax Act, 1961, and extends its eligibility for a further three years commencing with the financial year 2006-2007 without any change in the approved estimated cost, following a recommending finding by the oversight committee that the scheme is being executed properly and likely to extend beyond eleven years.

Exemption under section 35AC extended for specified hospital project for a further period, preserving donor deduction eligibility.
The Central Government, under the Explanation to section 35AC, specifies continued eligibility of Running of Smt. Savitaben Ramanlal Dahyalal Shah, Sarvajanik Hospital, Ambasan, as an eligible project for tax exemption for a further two years commencing from financial year 2006-2007, following the National Committee's recommendation; the approved project cost remains Rs. 63.75 lakhs including a corpus fund of Rs. 28.00 lakhs.

Exemption under section 35AC extended for animal shelter and medical camp project, preserving donor tax relief during the extension.
The Central Government specified the project for running an animal shelter and rescue home (Panjrapole) and medical camps at Luni Village (Kutch) by Shree Vardhman Jivdaya Kendra as an eligible project under sub-section (1) read with clause (b) of the Explanation to section 35AC, and extended that specification for a further two years commencing from the financial year 2006-2007 without any change in the approved cost of Rs. 74.00 lakhs, following the National Committee's recommendation under sub-rule (5) of rule 11M.

Section 35AC exemption extended for the Akshayapatra mid-day meal program as a specified eligible scheme.
The Central Government specifies the Akshayapatra Foundation's Mid-Day Meal Program as an eligible project for Income-tax Act exemption, extends the specified period following the statutory committee's recommendation, and amends the earlier notification to increase the maximum allowable project cost and continue the project's specified status for a further period commencing with the stated financial year.

Section 35AC eligibility extended for Disability Reduction Project by Impact India Foundation, continuing tax-exempt designation under the scheme.
The Central Government specifies that the Disability Reduction Project by Impact India Foundation remains an eligible project for exemption under Section 35AC, extending its designation for a further two-year period from the stated financial year and preserving the previously approved project cost without change, following a recommendation by the national committee that the project is being executed properly.

Section 35AC tax exemption: extension of SOS Children's Village scheme as eligible project with approved cost maintained.
The Central Government, under section 35AC of the Income-tax Act, specifies the administration and maintenance of 27 existing villages by SOS Children's Village of India for providing free clothing, education, shelter and family environment to destitute orphaned and abandoned children as an eligible project for a further three years commencing from the financial year 2006-2007, with the approved project cost maintained and following recommendation by the National Committee for Promotion of Social and Economic Welfare.