Exemption under section 35AC extended for midday meal project after national committee recommendation and regulatory specification.
The Central Government, exercising powers under sub section (1) read with clause (b) of the Explanation to section 35AC, specifies the Mid-day Meal Scheme carried out by Maria Seva Sangha in three Bangalore schools as an eligible project for a further period of one year commencing from the assessment year 2004 2005, following the National Committee's recommendation that the scheme is being executed properly and noting the project's estimated cost.

Income tax exemption extends eligibility for Eye Care Programme, specifying continuation of the project for an additional period.
Exemption under section 35AC is extended to the Eye Care Programme in the National Capital Region carried out by Lok Kalyan Samiti; the National Committee recommended continuation under the Income-tax Rules and the Central Government, using powers under the enabling provision and Explanation to section 35AC, specifies the project as eligible for a further two-year period commencing from the assessment year 2003-2004, at the estimated cost stated in the notification.

Tax exemption extension under Section 35AC for charitable heart-care and research projects continues tax benefits.
Central Government specifies continuation of eligible project status under Section 35AC for Mahavir Heart Research Foundation's Mumbai scheme covering detection, prevention, research and education, diagnosis, curing and surgical treatment of heart patients, and maintenance of an Atithi Griha; the National Committee recommended extension under the Income-tax Rules, and the scheme is specified for a further three-year period commencing with assessment year 2003-2004.

Tax exemption for eligible healthcare project extended after committee recommendation to preserve specified eligibility.
Central Government, relying on the National Committee's recommendation under the Income-tax Rules, specified the Umeed Khanna Foundation's healthcare project at Sangrur as an eligible project under Section 35AC for a further three-month period commencing in the stated assessment year; the notification identifies the executing entity, project purpose of purchase of equipment and running the health-care project, the project location, and records the project's estimated cost.

Exemption under section 35AC: TB hospital and mobile chest clinic project specified as eligible, extended for three years.
Central Government specifies the expansion and running of a Tuberculosis Hospital and Public Health Programme through a mobile Tuberculosis and Chest Clinic at Bajajgram, Sikar, Rajasthan, executed by Shree Kalyan Arogya Sadan, as an eligible project for tax exemption; upon the National Committee's recommendation that the project is properly executed and likely to extend beyond six years, the Government specifies the project for a further three years commencing with assessment year 2004-2005 and records the estimated project cost.

Tax exemption under Section 35AC extends eligibility for ALERT INDIA health projects, enabling donor deductions for three more assessment years.
The Central Government specified the ALERT INDIA project for detection, treatment and cure of leprosy, tuberculosis control, and an integrated health care project at Airoli, Bombay as an eligible project under Section 35AC, following National Committee recommendation that the scheme is being properly executed, and extended its specification for a further three years commencing with assessment year 2004 2005, identifying the implementing organisation, locations, and estimated project cost.

Tax exemption under section 35AC extended for construction of school and hostel for mentally retarded children.
The Central Government specifies that the construction of a school, vocational training centre and hostel for mentally retarded children at Lucknow by Uttar Pradesh Parents Association is an eligible project under section 35AC, and, following the National Committee's recommendation that it is being executed properly, extends that specification for a further two years commencing with the assessment year 2004-2005 at an estimated cost of eighteen lakhs thirteen thousand.

Exemption under section 35AC: institutions approved for specified projects with capped deductible project costs for limited assessment years.
Approval under section 35AC designates specified institutions and projects as eligible for deduction, specifying for each the eligible project scope, estimated project cost and the maximum amount of that cost allowable as a deduction, with approvals limited to defined assessment years for each listed project.

Correction of entity name clarifies official designation in a company law notification and Gazette publication.
A Ministry corrigendum to S.O. 518(E) amends the English text of the prior notification by replacing "National Co-operative Department Corporation (NCDC)" with "National Co-operative Development Corporation (NCDC)", clarifying the official entity name as published in the Gazette.

Debt equity ratio for listed housing finance companies now set by regulator in consultation with the government.
The amendment provides that the debt equity ratio for listed housing finance companies shall be specified by the sectoral regulator, to be determined in consultation with the Central Government, thereby making the regulator's consultative specification the operative standard under the Companies General Rules.

Auditor reporting standards updated: government issues order under Companies Act superseding prior order after professional consultation.
Central Government issues the Companies (Auditor's Report) Order, 2003 under Section 227(4A) of the Companies Act, 1956, superseding the earlier auditor report order of 1988. The Order, made after consultation with the Institute of Chartered Accountants of India, specifies the classes of companies to which it applies and ancillary matters, and preserves actions taken before the supersession while establishing the regulatory basis for auditor reporting obligations.

Exemption for defence imports: SAMYUKTA Programme goods permitted subject to designated importer status and certification requirements.
Amendment substitutes an exemption granting duty-free import for machinery, equipment, components, spares, software, raw materials and consumables required for the SAMYUKTA Programme, conditioned on import by designated works centres, government agencies or public sector undertakings and production at import of a certifying list by the Programme Director and by an officer not below Under Secretary confirming Ministry of Defence authorization; the exemption terminates on or after the stated expiry date.

Excise duty exemption for reprocessed plastic granules cleared from export units to domestic market prevents retrospective duty recovery.
The Government records a prevailing practice of non levy of excise duty on reprocessed plastic granules manufactured by hundred per cent export oriented undertakings and free trade zone units when cleared into the Domestic Tariff Area, and directs that excise duty shall not be required to be paid in respect of such granules on which duty was not levied in accordance with that practice during the specified period.

Exemption for supplies to SAMYUKTA Programme requires director's pre-clearance certificate and ends after the prescribed effective date.
Exemption of excise duty applies to all goods supplied to the SAMYUKTA Programme under the Ministry of Defence provided that, before clearance, a certificate from the Programme Director to the effect that the goods are intended for the Programme is produced to the proper officer; this certificate is a condition precedent and the exemption ceases to have effect on or after the prescribed effective date.

Anti-dumping duty on Ferro Silicon imposed to offset dumped imports from South Africa and Macedonia, payable in local currency.
Anti-dumping duty on Ferro Silicon under tariff item 7202 21 00 is imposed for imports from South Africa and Macedonia because exports were found below normal value and caused material injury; the duty equals the difference between a specified benchmark amount and the landed value per metric tonne, is payable in local currency, applies from the provisional duty date, and uses the Board-notified exchange rate with "landed value" defined as assessable value excluding certain customs duties.

Anti-dumping duty on potassium carbonate imposed provisionally with country- and producer-specific rates and conversion rules.
Provisional imposition of anti-dumping duty on potassium carbonate (tariff item 2836 40 00) is ordered following preliminary findings of dumping and material injury; the notification prescribes country-, producer- and exporter-specific per metric tonne rates in US dollars, requires payment in Indian currency, and directs use of the Government notified exchange rate with the bill of entry date as the relevant date for conversion.

Anti-dumping duty imposed on borax decahydrate imports to address below normal value exports causing material injury.
Provisional anti-dumping duty is imposed on Borax decahydrate imports from Turkey and the People's Republic of China based on findings of exports below normal value causing cumulative material injury; duties are calculated as the difference between specified reference amounts in the Table and the landed value per metric tonne, payable in Indian currency, with landed value and applicable rate of exchange defined under the Customs Act and Government notifications.

Exemption of goods produced in expressly listed geographic parcels under the Central Excise Tariff - territorial schedules define coverage.
The notification grants central excise exemption for goods specified in the First and Second Schedules to the Central Excise Tariff Act, 1985 (Part IV) where such goods are produced in specifically enumerated areas. Coverage is defined by district wise listings of Kanungo circles, identified locations, Hudbast/Khasra number ranges and Tehsil/Sub Tehsil names, together with an Annexure identifying industrial estates, villages and Khasra numbers; these geographic schedules determine the territorial scope of the exemption.

Excise exemption for goods produced in specified areas, territorial origin and parcel identifiers determine eligibility.
The notification grants excise exemption under Part III of the Central Excise Tariff Act to goods specified in the First and Second Schedules when produced within enumerated areas of Himachal Pradesh. It delineates eligibility by district, Kanungo circle, named locations/tehsil and precise hudbust/khasra numbers or ranges, making territorial origin the sole determinant of entitlement to the specified excise relief.

Exemption of specified goods: territorial lists of industrial estates determine tariff exemption applicability for production locations.
Exempts goods specified in the First Schedule and the Second Schedule to the Central Excise Tariff Act, 1985 by territorially delineating industrial estates, proposed estates, existing industrial activity in non industrial areas and extensions via village names and khasra numbers; inclusion of an area in the Part II lists determines applicability of the schedule based exemption.