Specified taxable bonds under section 80L designated for income tax purposes, covering secured redeemable bonds issued by Nuclear Power Corporation.
Central Government specifies, under clause (ii) of sub section (1) of section 80L of the Income tax Act, two series of taxable secured, redeemable, non cumulative bonds issued by Nuclear Power Corporation: 17.75% medium term bonds of Rs. 1,00,000 each aggregating Rs. 126.66 crores (distinctive numbers H3M033009-H3M045674) and 18% staggered redemption bonds of Rs. 1,00,000 each aggregating Rs. 8.32 crores (distinctive numbers H3S032127-H3S033008), together constituting the specified issuance.

Tax-free bond exemption for specified seven-year bonds requires holder registration to claim tax-free status and benefits.
The Central Government specifies a seven-year tax-exempt bond series issued by Rural Electrification Corporation Limited with fixed interest and assigned distinctive numbers; eligibility for the tax-free benefit is conditional on the bondholder registering their name and holding with the issuer.

Specified taxable bonds: Government designates particular secured redeemable bonds issued by a nuclear power entity for tax purposes.
Central Government specifies certain 16.25% taxable secured redeemable non-cumulative bonds of the VIIIth Series issued by Nuclear Power Corporation, New Delhi, under clause (ii) of sub-section (1) of section 80L of the Income-tax Act, identifying two tranches by distinctive bond number ranges and aggregate issue values to define the instruments covered by the statutory specification.

Duty Entitlement Pass Book validity limited to registered ports, with commissioner empowered to permit other stations.
The amendment replaces condition (iv) to provide that the Duty Entitlement Pass Book is valid for twelve months from issue for import and export only at the port of registration, which must be one of the enumerated sea ports, airports or Inland Container Depots. A proviso permits the Commissioner of Customs, by special order and subject to specified conditions, to allow imports and exports from other sea ports, airports, inland container depots or through a land customs station.

Tax exemption under section 10(23C)(v) notified for institute, subject to conditions on application, investments and business.
Notification designates Institute of Franciscan Missionaries of Mary Society No. 10, Coimbatore as eligible under section 10(23C)(v) for assessment years 1995-1996 to 1997-1999, conditional on applying income wholly and exclusively to its objects, restricting investments to forms specified in subsection (5) of section 11 (except certain voluntary contributions kept as jewellery or furniture), and excluding business profits unless the business is incidental and maintained with separate books of account.

Revision Application Unit established; official contact and address substituted under Central Excise Rules by government notification.
The Central Government created a Revision Application Unit in the Ministry of Finance and, by the Ninth Amendment Rules, 1999, substituted the wording in rule 218B(1) of the Central Excise Rules, 1944 to designate the responsible official as Under Secretary, Revision Application Unit and to specify the official address at 4th Floor, Jeevan Deep Building, Sansad Marg, New Delhi - 110001, with the amendment effective from publication in the Official Gazette.

Administrative renaming of excise jurisdictions by notification updates several regional names under the Central Excise Rules.
Amendment to the Central Excise Rules effects substitution of jurisdictional names within rule 2 by notification: "Indore I" becomes "Indore", "Indore II" becomes "Bhopal", "Kanpur I" becomes "Kanpur", and "Kanpur II" becomes "Lucknow"; these substitutions are made across clause (4) and specified items and sub items of clauses (5) and (6), and take effect upon publication in the Official Gazette.

Port and terminal conditions amended for Value Based Advance Licence, restricting trade to specified seaports, airports and ICDs.
Amendment prescribes routing for imports and exports under the Value Based Advance Licence by substituting conditions in Notifications 148/95-Cus., 149/95-Cus., 30/97-Cus. and 77/98-Cus., requiring that such movements be undertaken through an enumerated list of seaports, airports and Inland Container Depots.

Import compliance for jobbing: imports for executing export orders now barred if items are prohibited by Export and Import Policy.
The notification amends the jobbing import exemption by adding condition (vii) that goods imported for execution of export orders must not be prohibited items under the Export and Import Policy, making such prohibitions a disqualifying condition for the exemption.

Import against Value Based Advance Licence: amended permitted ports, airports and ICDs and expanded controlled substances list.
Amendments substitute condition (iv) to require that imports and exports under Value Based Advance Licences be undertaken through specified sea ports, airports or Inland Container Depots, and revise the proviso to condition (vi) to expand the listed substances to include Ephedrine, Pseudoephedrine, Vitamins, Pen-G and their derivatives.

Import duty exemption for annual advance licences with actual user condition, subject to certificate, bond, specified ports and export obligations.
Full customs and additional duty exemption is allowed for materials imported against an Annual Advance Licence with Actual User Condition where an Actual User Duty Exemption Entitlement Certificate (DEEC) is issued and completed; importer presents licence and DEEC at clearance, executes a bond with security (unless export obligation discharged), imports through specified ports/ICDs/airports, uses inputs only for manufacture of specified export product groups, and discharges export obligation within eighteen months with export particulars entered in the DEEC.

Rescission of anti-dumping duty on TMBA: government withdraws prior notification under Customs Tariff Act authority.
The Central Government rescinds the notification imposing an anti-dumping duty on 3,4,5-trimethoxy benzaldehyde (TMBA) by withdrawing Notification No. 151/95-Cus., dated 20 October 1995, under sub-section (1) of section 9A of the Customs Tariff Act, 1975, read with rule 18 of the 1995 Anti-dumping Rules, effected through Notification No. 47/99-Cus., dated 29 April 1999.

Anti-dumping duty on TMBA imports maintained as removal would cause material injury to domestic industry.
Imposition of an anti-dumping duty on 3,4,5-Trimethoxy Benzaldehyde (TMBA) originating in or exported from the People's Republic of China is sustained after a review which found exports below normal value, material injury to the Indian industry, and that removal of the duty would cause further injury; the Central Government, under the Customs Tariff Act and relevant anti-dumping rules, therefore imposed duty on TMBA imports from that origin.

Anti-dumping duty rescission under Customs Tariff Act withdraws prior notification, ending the earlier import restriction.
The Central Government, exercising powers under the Customs Tariff Act and applicable Customs Tariff rules, has rescinded Notification No. 94/98-Customs (24 November 1998) that imposed anti-dumping measures on citric acid originating in or exported from the People's Republic of China, formally withdrawing the prior administrative notification.

Anti-dumping duty on citric acid from China set as difference between reference price and landed value, effective immediately
Pursuant to section 9A(1) of the Customs Tariff Act, 1975, an anti-dumping duty is imposed on citric acid from the Peoples Republic of China, calculated as the difference between a reference amount per metric tonne and the landed value per metric tonne. The duty applies from the date the provisional duty was imposed. For this notification, landed value means the assessable value under the Customs Act, 1962, together with all customs duties except those specifically excluded under the Customs Tariff Act, 1975.

Import exemption for petroleum exploration licenses narrowed to licenses issued or renewed after the specified effective date.
Amendment narrows the import exemption by substituting language so the exemption in Table S. No. 182, column (3) applies only to petroleum exploration licenses "issued or renewed after the 1st of April, 1999 and"; a corresponding substitution is made in the Annexure against condition number 34 under "Conditions", inserting the same temporal qualification wherever the words "petroleum exploration licenses" occur.

Exemption for cut and polished diamonds allows duty-free import by replenishment authorisation holders subject to re-export and bond conditions.
Holders of Replenishment Authorisations may import cut and polished diamonds and gemstones duty-free up to a prescribed proportion of prior-year FOB exports, exempting them from basic and specified additional customs duties, provided the importer is a Star Export House and actual user, individual diamonds do not exceed 25 cents, the entitlement is non-transferable, and the importer executes a bond to re-export within one year or pay duties and penalties on quantities not re-exported.

Customs exemption for consumables under Replenishment Authorisation allows duty-free imports for manufacture of jewellery and polished diamonds.
Exemption permits import of specified consumables listed in Annexure I for jewellery and Annexure II for cut and polished diamonds against a Replenishment Authorisation, exempting those imports from the whole of customs duty and specified additional duty, subject to ceilings linked to the FOB value of the exporter's preceding financial year exports and conditional upon use in manufacture by the authorisation holder.

Customs duty limitation on gold and silver: amendments permit mint conversion and courier exports subject to an FOB value cap.
Amendments limit customs duty on imported gold and silver to rates in Notification No. 80/97-Customs, permit scrap, dust or sweepings to be sent to the Government Mint for conversion and return or cleared to the Domestic Tariff Area on payment of duty on metal content, substitute "Chain and Bangles manufactured," expand "plain jewellery" to include Mangal Sutra with black beads, allow exports by air freight, post parcels and authorised couriers subject to Commissioner procedures and an FOB value cap, and insert old plain jewellery for repair or remaking for re-export in annexures.

Courier clearance for gems and jewellery extends to specified imports and eligible exports subject to consignment value limits.
Courier import and export clearance procedures apply to imports of gems and jewellery, including samples, by Export Oriented Units and units in Export Processing Zones. They also apply to exports of cut and polished diamonds, gems and jewellery under the applicable Export and Import Policy by Export Oriented Units, Export Processing Zone units and Domestic Tariff Area units, subject to the prescribed value ceiling for each export consignment.