Amendment to committee membership updates Accounting Standards advisory panel by substituting specified member names under statutory authority.
The Central Government, exercising statutory authority under the Companies Act, amends the notification constituting the National Advisory Committee on Accounting Standards by substituting the member at serial No. (4) with Shri G.N. Venkataraman and replacing the serial No. (8) nomination with Shri Pawan K. Kumar, Director (TPL IV), North Block, New Delhi.

Value added tax rate change with tightened input tax credit conditions and expanded schedule-amendment powers to protect revenue.
The Bill raises the VAT rate on Third Schedule goods except declared goods, links input tax credit to the proportion of goods sold and to actual deposit or lawful adjustment of tax by the seller, requires proportional reduction of credit where goods are sold at a loss, and empowers Government and the Commissioner to amend Schedules in the public interest subject to a non-prejudicial proviso on retrospective amendments.

Minimum Export Price requirement revised to exclude foreign commission, requiring exporters to add commission to the MEP.
Where any foreign commission is paid at the time of export or subsequently, the MEP must be increased by the amount of such foreign commission, and the prescribed MEP shall be maintained exclusive of foreign commission.

Employee reservation limits capped for allotments in public and rights issues, with revised listing and disclosure obligations.
The amendment clarifies the convertible security definition, adjusts eligibility and trading-turnover criteria for further public offers, and permits deemed compliance for prior board-composition non-compliance if rectified and disclosed at filing. Employee reservation mechanics are standardized with a per-employee cap on allotments across public and rights issues and corresponding provisos. Financial disclosures now require ICAI peer-reviewed auditor certification or reauditing by such auditors, and an alternate, condensed financial-information regime and an alternate book-building method for further offers are introduced with specified allocation and pricing rules.

Common Adjudicating Authority appointed to centralize adjudication of specified Customs show cause notices concerning Gemplus India.
The Central Board of Excise and Customs appoints the Commissioner of Customs, Bangalore as the Common Adjudicating Authority under sections 4(1) and 5(1) of the Customs Act, 1962 to exercise the powers and discharge the duties of the adjudicating authorities listed in the Table for adjudication of specified show cause notices issued by the Directorate of Revenue Intelligence, Zonal Unit, Bangalore, relating to M/s. Gemplus India Private Limited and others.

Common Adjudicating Authority appointed to adjudicate show cause proceedings relating to Sun Microsystems under Customs Act powers.
The Central Board of Excise and Customs, invoking sub section (1) of section 4 and sub section (1) of section 5 of the Customs Act, 1962, appoints the Commissioner of Customs, Bangalore as the Common Adjudicating Authority to exercise the powers and discharge the duties of the Commissioner of Customs (Air Cargo Complex), Chennai solely for adjudicating matters arising from the show cause notice dated 27 February 2009 pertaining to M/s. Sun Microsystems and others issued by the investigating authority in Bangalore.

Common adjudicating authority appointed to centralise adjudication of show cause notices arising from customs intelligence investigations.
Appointment of a Common Adjudicating Authority designates the Commissioner of Customs, Amritsar, to exercise powers and discharge duties of specified Commissioners of Customs under the Customs Act, 1962, limited to adjudication of Show Cause Notices arising from specified revenue intelligence investigations relating to M/s. Monte International and others.

Common Adjudicating Authority appointed to exercise transferred customs adjudication powers over specified DRI show cause notices.
The Central Board of Excise and Customs appoints the Commissioner of Customs, Inland Container Depot, Tughlakabad, New Delhi, as Common Adjudicating Authority to exercise the powers and duties of the specified Deputy/Additional Commissioners of Customs under sub sections (1) of sections 4 and 5 of the Customs Act, 1962, for adjudication of show cause notices issued by the Directorate of Revenue Intelligence relating to M/s. Pawan International and others (DRI F.No. 856(24) LDH/2006/7106-12 dated 28 08 2008).

Common Adjudicating Authority jurisdiction expanded to Mulund for unloading of imports and loading of exports under Customs Act.
The Central Board of Excise and Customs, exercising powers under clause (aa) of sub section (1) of section 7 of the Customs Act, 1962, amends Notification No. 12/97 Customs (N.T.) to insert Mulund (Mumbai) in the Table against Serial No. 9 for Maharashtra, designating Mulund for the unloading of imported goods and the loading of export goods, thus subjecting those operations to the Common Adjudicating Authority specified by the principal notification.

Customs exemption for specified goods under tariff heading inserted, subject to conditions in earlier notification.
The amendment inserts S. No. 66 in the Table to Notification No. 20/2006-Customs, covering goods under tariff heading 9801 corresponding to those listed at S. No. 400A of the Table annexed to Notification No. 21/2002-Customs, and grants a Nil rate of duty while making the exemption subject to the conditions specified under S. No. 400A of that annexed Table.

Customs tariff amendment adds goods under a specified heading to notification coverage and revises the proviso for public interest.
Amendment to the customs notification substitutes the proviso to extend the eligible serial range to include an additional entry and inserts a new serial in the Table to expressly cover all goods falling under a specified customs heading as referenced in the annexed Table to an earlier notification, thereby bringing those goods within the amended notification's tariff framework.

Customs exemption for mega power projects expanded to include certified expansions, altering duty treatment and conditions.
Revises the S. No. 400 entry to define qualifying Mega Power Project thresholds by plant type and location, inserts S. No. 400A to exempt goods for expansion of any existing Mega Power Project upon certification by a Joint Secretary-level officer in the Ministry of Power, and amends Condition No. 86 to require power-purchasing states to undertake distribution reforms as laid down by the Ministry of Power.

Amendment to Newsprint Control adds an indigenous newsprint manufacturer to the Schedule, effective on Gazette publication.
The Newsprint Control (Amendment) Order, 2009, made under Section 18G of the Industries (Development and Regulation) Act, adds a Schedule entry to item 4 naming M/s. Aaditiya Aswin Paper Mills Pvt. Limited at Kotha Mangalam, Sathya Mangalam, Erode District, Tamil Nadu as an indigenous newsprint manufacturer and comes into force on publication in the Official Gazette.

Common adjudicating authority assignment transfers a show cause notice to Commissioner for adjudication under Customs Act powers.
The Board, invoking powers under the Notification issued under section 4(1) of the Customs Act, assigns Show Cause Notice F.No. DRI/MZU/F/8/2008 in the matter of M/s. Sany Heavy Industry (P) Ltd and others, issued by the Additional Director General, to the Commissioner of Customs (Adjudication), Mumbai, directing adjudication by that Commissioner and effecting administrative transfer of adjudicatory responsibility.

First Schedule amendment: omission of "but not" in a commodity entry alters descriptive scope under the Delhi VAT framework.
An amendment under Section 103 to the Delhi Value Added Tax Act, 2004 removes the words "but not" from the column "COMMODITY" in the First Schedule entry against Sl. No. 47 by notification dated 10 December 2009 issued by the Lt. Governor of the National Capital Territory of Delhi.

Specified territory under section 90A designates Taiwan taxation jurisdiction and recognizes two specified associations for tax purposes.
The notification designates as specified territory the territory where the taxation law administered by the Ministry of Finance in Taipei applies, and as specified association the India-Taipei Association in Taipei and the Taipei Economic and Cultural Centre in New Delhi for the purposes of section 90A of the Income-tax Act.

Anti-dumping duty on saccharin from China modified to impose differentiated duties to address continued dumping and injury.
The Central Government imposed definitive anti dumping duty on saccharin (tariff item 2925 11 00) originating in or exported from the People's Republic of China, based on designated authority findings of dumped exports causing material injury and insufficient existing duties. The notification prescribes differentiated duties per kilogram in US Dollars-lower for imports from Shanghai Fortune Chemicals Co. Ltd. exported by Majestic International Trading Co. Ltd., higher for other producers/exporters and for transshipments-requires payment in Indian currency, and applies the Government notified rate of exchange for conversion.

Anti dumping duty on cathode ray colour television picture tubes from Indonesia, specifying per unit duties and applicability.
Imposition of anti dumping duty on cathode ray colour television picture tubes from Indonesia following findings of dumped prices and material injury; definitive duties are prescribed as the difference between specified amounts and landed value, set per unit for specified tube sizes and producer/exporter combinations, denominated in US dollars but payable in Indian currency, effective from the provisional duty date. The notification defines the product scope, "landed value," applicable exchange rate and relevant date for conversion.

Anti-dumping duty extension on acrylic fibre imports maintained for specified period under Customs Tariff Act review.
Continuation and temporal extension of anti-dumping duty on imports of acrylic fibre originating in or exported from Belarus is effected by amendment to Notification No. 117/2004-Customs; the amendment states that the principal notification shall remain in force up to and inclusive of 29th June, 2010, unless revoked earlier, issued under the statutory review and procedural rules of the Customs Tariff Act.

Anti-dumping duty on sodium hydrosulphite imports from China imposed to address continued dumping and injury.
The designated authority found Sodium Hydrosulphite imports from the People's Republic of China were dumped and caused material injury; Sunset and mid term reviews concluded dumping was likely to continue and that prior reference price duties were ineffective. Relying on these findings and recommendations under section 9A of the Customs Tariff Act and applicable rules, the Central Government imposed anti dumping duty on the specified goods, payable in Indian currency, with the exchange rate for calculation determined by statutory exchange rate notifications and the bill of entry date.