Recognition renewal of a stock exchange granted, allowing continued contracts in securities subject to prescribed conditions.
SEBI renewed recognition of Magadh Stock Exchange Association, Patna under Section 4 of the Securities Contracts (Regulation) Act, 1956, on the basis of an application made under Section 3, finding renewal to be in the interest of trade and the public. The recognition was granted for three years from December 11, 2000 to December 10, 2003, subject to conditions already prescribed or as may be prescribed.

Capital goods definition broadened to explicitly include machinery, testing instruments and use across manufacturing, agriculture and services.
Amendment revises the definition of Capital Goods to include any plant, machinery, equipment or accessories required for manufacture, production or rendering services, including for replacement, modernisation, technological upgradation or expansion, and expressly lists illustrative items such as packaging machinery, refractories for initial lining, refrigeration equipment, power generating sets, machine tools, catalysts for initial charge, and equipment for testing, research and development, quality and pollution control; it also permits use across manufacturing, mining, diverse agricultural and allied activities and the services sector.

Tax exemption approval under section 10(23G) granted for an infrastructure project, subject to audit and compliance conditions.
Approval is granted to the 1 MW Wind Farm Power Project of M/s K.A. Infrastructure Ltd. for tax exemption under section 10(23G), read with rule 2E, for specified assessment years, subject to compliance with those provisions. The approval may be withdrawn if the undertaking ceases to carry on the infrastructure facility, fails to maintain books and obtain an audit as required by sub rule (7) of rule 2E, or fails to furnish the required audit report.

Income tax exemption approval for specified infrastructure undertakings conditioned on compliance, audit obligations, and possible withdrawal.
Approval is granted to specified enterprises for income tax exemption under the relevant Act and rule for assessment years 2001-2004, conditional on conformity with statutory eligibility and procedural requirements. The approval requires maintenance of books of account, obtaining and furnishing the prescribed audit report, and continued provision of the infrastructure facility; the Central Government may withdraw approval if the undertaking ceases the facility or fails to maintain audited accounts or furnish the audit report. The notification lists the specific power projects and promoters covered.

Export controls on onions: shipment deadline extended and service charge converted from fixed fee to ad valorem.
The notification amends ITC(HS) export entries for onions: it extends the last shipment date for 150,000 MT of onions (excluding Bangalore Rose and Krishnapuram Rose) from 30 November 2000 to 15 December 2000; it revises service charges for Bangalore Rose and Krishnapuram onions from the earlier fixed fee to a 3.5% ad valorem levy and deletes paragraph (vi) of the earlier notification. The amendments are made under Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 and the Export and Import Policy, 1997-2002.

Anti-dumping duty rescission on Low Carbon Ferro Chrome following review finding no dumping or material injury to domestic industry.
The Central Government, having considered the designated authority's review findings that Low Carbon Ferro Chrome from the subject countries was not exported to India during the investigation period, involved no dumping and caused no material injury, hereby rescinds the earlier notifications imposing anti-dumping duty on imports of Low Carbon Ferro Chrome from Russia and Kazakhstan, except as respects things done or omitted before such rescission, under powers conferred by the Customs Tariff Act and the anti-dumping rules.

Jurisdiction of income-tax authorities: Chief Commissioners may exercise and direct Commissioners and subordinate officers to perform powers and functions.
The notification directs specified Chief Commissioners to exercise powers and perform functions vested in particular Commissioners of Income-tax with respect to specified territorial areas, classes of persons, incomes, or cases. It also authorises those Chief Commissioners, or the specified Commissioners, to issue written orders requiring subordinate income-tax authorities to exercise powers and perform functions in respect of such territorial areas, persons, incomes or cases under their jurisdiction, as set out in the annexed schedule mapping headquarters to designated Commissioners.

Research institution approval requires separate research accounts, annual DSIR returns and audited submissions to tax authorities.
Approval is granted to specified organisations as institutions for purposes of clause (ii) of sub section (1) of section 35 of the Income tax Act for the periods listed. Approval is subject to conditions: maintain separate books for research activities; furnish an annual return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31 May; and submit audited annual accounts and audited income & expenditure accounts for research activities to the Director General of Income tax (Exemptions), the Secretary, Department of Scientific & Industrial Research, and the relevant Commissioner/Director of Income tax (Exemptions) by 31 October, in addition to filing the income tax return.

Institution approval under section 35(1)(iii) imposes research accounting and annual audited reporting obligations for notified bodies.
Specified organisations are approved as Institutions under clause (iii) of sub section (1) of section 35 read with Rule 6, subject to conditions: maintain separate research books of account; file annual scientific research returns with the Department of Scientific & Industrial Research by 31 May; and submit audited annual accounts and audited income & expenditure accounts for research activities by 31 October to the Director General of Income tax (Exemptions), the Secretary, Department of Scientific & Industrial Research, and the local Commissioner/Director of Income tax, in addition to the income tax return.

Exchange rate determination for export goods under customs law; specified currency conversion rates prescribed and prior notification superseded.
The Central Government prescribes specific exchange conversion rates for specified foreign currencies into Indian rupees for purposes related to export goods under the Customs Act, set out in two schedules (per unit rates in Schedule I and per 100 unit rates in Schedule II), and supersedes the prior exchange rate notification for application in export customs valuation and related statutory purposes.

Exchange rate determination for imports prescribed, governing stamp duty and customs valuation via notified currency rates.
Notifies prescribed rates of exchange for specified foreign currencies to be used for calculating stamp duty under the Indian Stamp Act and for purposes of section 14 of the Customs Act in relation to imported goods; the rates listed in Schedule I and Schedule II are effective from 1st December, 2000 and supersede the earlier notification.

Deletion of Non-Resident Ordinary designation in Borrowing and Lending in Rupees modifies Regulation 7 and takes immediate effect.
The notification amends the Foreign Exchange Management (Borrowing and Lending in Rupees) Regulations, 2000 by deleting the words 'Non-Resident Ordinary (NRO)/' from the proviso to Regulation 7; the amendment is made under the foreign exchange statute and takes immediate effect.

Voluntary separation rule extends tax treatment parity with voluntary retirement, with a public sector proviso exempting one requirement.
Amendment to rule 2BA inserts "or voluntary separation" alongside references to voluntary retirement across multiple requirements, aligning tax treatment and eligibility language for amounts received on voluntary separation with voluntary retirement; additionally, a proviso exempts requirement (i) where an employee of a public sector company receives amounts under a voluntary separation scheme framed by that company.

Gallantry awards specified for tax recognition when conferred for qualifying acts, with certification required where indicated.
Specifies a list of gallantry awards for the purposes of clause (i) of clause (18) of Section 10 of the Income tax Act, identifying awards and the circumstances for recognition. It covers military and civilian decorations, life saving civilian awards, police, security force, fire service and home guard medals. Eligibility is tied to conferment for acts of gallantry, courage or conspicuous gallantry, and certain awards require certification by the head of the relevant department or service headquarters to confirm the qualifying acts.

Import Packaging Compliance: mandatory declarations and BIS registration required before customs clearance of specified packaged goods.
Imported packaged products that are subject to the Standards of Weights and Measures (Packaged Commodities) Rules, 1977 when sold domestically must comply with those Rules before customs clearance. Prepackaged imports must bear declarations of importer identity, commodity name, net quantity in standard units, month and year of packing, and maximum retail sale price inclusive of charges. Appendix V annexed to Schedule I lists products whose import requires conformity to mandatory Indian Quality Standards and registration of manufacturers/exporters with the Bureau of Indian Standards.

Approval under section 35(1)(ii): research associations must maintain separate accounts and meet annual reporting and audit deadlines.
Approval is granted to specified organisations as Associations for research-related tax purposes for listed periods, conditioned on maintaining separate research accounts, furnishing an annual scientific research return to the Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited income and expenditure statements for research activities to designated tax and scientific authorities by 31 October, in addition to filing the regular income-tax return.

Designation substitution of anti evasion directorate to Central Excise Intelligence under Customs Act alters enforcement authority.
Amendment substitutes the words "Directorate General of Anti Evasion" with "Directorate General of Central Excise Intelligence" in Notification No.31/2000 CUS.(N.T.), effected under the powers of sub section (1) of section 4 of the Customs Act, 1962, thereby altering the designated enforcement authority named in the earlier notification.

Bar coding implementation deferred, extending the compliance deadline to accommodate trade difficulties and permit later mandatory adoption.
The notification postpones the mandatory implementation date for bar coding of specified exports under the Export and Import Policy, deferring the earlier compliance deadline to a later date in response to industry representations. The amendment maintains the requirement to use international bar coding symbologies and international numbering standards while extending the period for exporters to adopt the prescribed technical standards.

Directorate name change: Anti-Evasion directorate redesignated as Central Excise Intelligence by formal notification.
The Board substitutes the designation "Directorate General of Anti-Evasion (Central Excise)" with "Directorate General of Central Excise Intelligence" at the two places it occurs in the earlier notification, effectuating an administrative re-designation by formal amendment under the Act and rules.

Customs duty amendment redefines tariff entries for edible oils under specified headings and removes a prior entry.
The Central Government, invoking powers under section 25(1) of the Customs Act, 1962, amends Notification No. 61/2000 Customs by substituting S. No. 4A with a new entry defining edible oils as products falling under specified tariff headings for refined and other vegetable oils, and omits S. No. 4B and its related entries, as formalized by Notification No. 144/2000 Customs.