Compounded levy for embroidery machines fixed per meter length per shift for embroidery on textile bases.
Pursuant to rule 96ZI of the Central Excise Rules, 1944 and superseding the earlier 1982 notification, the Central Government prescribes a rate of duty of Rs. 25 per meter length of the machines per shift for embroidery machines utilised to produce embroidery in the piece, in strips, or in motifs on bases of cotton, man-made, silk or woollen fabrics.

Excise duty credit specified for listed finished goods and their input materials, enabling input duty offset against output excise.
Designation under rule 56A of finished excisable goods and corresponding input headings for which credit of duty already paid on raw materials or component parts shall be allowed under sub-rule (2); the notification supersedes the earlier cited notification and limits credit entitlement to the goods and inputs listed in the annexed Table, including snuff and various yarns, fabrics, felt and other textile floor coverings.

Customs duty exemption limits import duty on specified live animals to prescribed effective rates, reducing excess tariff liability.
The Central Government exempts specified Chapter 1 live animals and poultry stock from customs duty in excess of prescribed effective rates, establishing that certain breeding and production animals attract nil effective duty while grand parent poultry stock and donkey stallions imported for mule breeding by government authorities are subject to stated ad valorem effective rates.

Excise duty exemption for specified chemicals when consumed in defined industrial, medical, research and defence uses under conditions.
Notification exempts specified chemicals and gases from excise duty when consumed or used in defined industrial, medical, research, defence or governmental purposes-notably manufacture of fertilisers, bulk drugs, heavy water, metal concentrates, wood pulp and related processes-subject to conditions including consumption within the factory of production, adherence to Chapter X procedures for off site use, and institutional certification for certain users; definitions of "bulk drugs" and "fertilisers" follow the relevant control orders.

Partial excise exemption limits duty exposure for specified chemical and pharmaceutical goods, subject to use and procedural conditions.
Partial exemption grants relief by exempting that portion of excise duty exceeding an amount calculated at 10% ad valorem for specified goods under Chapters 28, 29 and 30, subject to the Table's conditions. The exemption covers listed chemicals and pharmaceutical inputs-including white phosphorus and phosphorus trichloride (when used to make designated compounds and, if used offsite, subject to Chapter X procedures), copper oxychloride, saccharin, specified penicillin/cephalosporin intermediates, certain bulk drugs (excluding those under the DPCO First Schedule), medicinal grade hydrogen peroxide and oxygen, and anaesthetics; "bulk drugs" follows the DPCO, 1987 definition.

Modvat Credit: substituted tariff-based Table redefines eligible inputs, intermediates and final products under rule 57J.
Amendment substitutes the annexed Table to the notification made under rule 57J of the Central Excise Rules, 1944, revising which inputs, intermediate products and final products qualify for Modvat credit by reference to specified chapters, headings and sub-headings of the Central Excise Tariff Act, 1985, and listing certain express exclusions from eligibility.

Credit of specified duty under MODVAT, allowed on inputs subject to utilisation restrictions and special caps for certain commodities.
The notification specifies inputs and corresponding final products eligible for MODVAT credit and provides that the specified duty paid on listed inputs shall be allowed as credit when used in manufacture of those final products, with such credit utilisable for payment of duty on the final products or on inputs cleared under the Central Excise Rules procedural mechanism. It also imposes restrictions on credit for inputs from free trade zones and export-oriented units, cross-head utilisation limits for additional duties, monetary caps for certain input categories, and limits on utilisation or refund of excess RG 23A balances except for limited exceptions.

Excise exemption on cement production capped by effective duty rate, subject to plant capacity and certification limits.
The notification exempts excise duty on cement under sub-heading 2502.29 to the extent it exceeds an effective rate per tonne for cement manufactured in specified factory types, subject to certified installed-capacity ceilings for vertical shaft and rotary kilns. Certification must be by an officer not below the rank of Director of Industries. Exclusions apply where rotary-kiln factories use externally produced clinker, where clearances exceed prescribed annual thresholds, or where manufacturers claim a different exemption; an overall annual clearance ceiling for rotary-kiln factories is also imposed.

Tariff amendments: central excise exemption tables revised, entries renumbered and rates and conditions for goods adjusted.
Amendments revise specified Central Excise notifications by omitting most prior entries, renumbering a retained subset, and adding new tariff entries for certain petroleum and gas products with stated rates and a condition exempting gases produced and allowed to escape by flare. A separate amendment substitutes a per unit rate in another notification. A further substitution replaces an existing table with a new table specifying tariff headings, descriptions, rates and conditions for several mineral products, including measurement and duty options for irregularly shaped marble slabs.

Credit for capital goods scheme establishes procedural requirements for claiming, utilising and recovering specified duty credit.
The amendments mandate quadruplicate, serialised invoices for removal of excisable goods with prescribed markings and countersignature rules, condition input credit on receipt under duty evidencing documents, provide transitional credit for certain inputs received before declaration dates, and introduce a new scheme allowing credit of specified duty on capital goods used to manufacture listed final products subject to definitions, exclusions, declaration, verification, utilisation, account keeping in R.G.23C and recovery mechanisms for wrongly availed credits.

Effective excise rates on cigarettes: excess duty exempted with apportionment between tariff and additional excise duties.
The notification fixes effective excise rates for cigarettes under sub heading 2403.11 by exempting any duty in excess of the Tabled amounts for specified categories (non filter and filter cigarettes differentiated by length) and requires apportionment of duty between the tariff and the additional duty under the Goods of Special Importance Act in the ratio 68:32.

Excise duty exemptions replace scheduled rates with prescribed effective rates for specified tariffed goods, modulating tax liability.
The notification exempts specified goods listed by tariff entry from excise duty to the extent that duty exceeds the effective rates set in the Table, replacing schedule liabilities with lower rates (nil, specified ad valorem percentages, or fixed per-unit amounts) based on product descriptions and tariff headings; an explanatory clause defines "Ice-cream."

Exchange rate determination sets specified foreign currency-to-rupee conversion rates for export goods, effective from March first.
The Central Government determines exchange rates for conversion between specified foreign currencies and the Indian rupee for export goods under the Customs Act, setting fixed conversion rates listed in two appended schedules and making those rates applicable with effect from the stated effective date, and superseding the prior exchange rate notification.

Exchange rate determination: prescribed conversion rates for specified foreign currencies into Indian rupee for customs and stamp duty purposes.
Prescribes the rate of exchange for specified foreign currencies into Indian rupees to be used for calculating stamp duty under the Indian Stamp Act and for determinations under section 14 of the Customs Act relating to imported goods; details conversion rates in two schedules (rates per unit and per one hundred units) and supersedes the earlier notification, making the listed rates operative from the stated effective date.

Tax exemption recognition for religious institution subject to exclusive income application and specified investment and business conditions.
Recognition under section 10(23C)(v) is granted to Arulmigu Subramania Swamy Thirukkoil for assessment years 1990-91 to 1992-93, subject to conditions that income be applied or accumulated exclusively for the institution's objects, investments and deposits (other than certain voluntary contributions) be limited to forms specified in section 11(5), and business income be excluded unless incidental and maintained in separate books.

Corrigendum to income tax notification clarifies textual errors, punctuation, and sub paragraph references to ensure consistency.
Corrections are made to G.S.R. 950 (E) dated 29th December, 1992 to rectify typographical errors, punctuation and cross references in Articles 1, 5 and 7, replacing incorrect word forms, inserting missing punctuation, and relabelling sub paragraph markers to ensure internal consistency of the notification.

Amendment to customs notification revises the specified localities list by adding Goa to the existing entries.
The Central Government, invoking the statutory powers cited in the notification, directs that in Explanation (i) of the earlier customs notification the words "and Trivandrum" be substituted with the words "Trivandrum and Goa," thereby revising the list of specified localities in that explanatory clause.

Customs amendment expands covered goods by adding wood based products to an existing notified goods description.
The Central Government, exercising the statutory power under clause (a) of section 7 of the Customs Act, 1962, amends Notification No. 44/89 Customs (N.T.), dated 20 July 1989, by substituting in item (a) the words "fish and other marine products" with "fish, other marine products and wood based products", thereby adding wood based products to the notification's described goods.

Endorsement of share transfer forms: designation of a prescribed authority under the Companies Act to perform endorsements.
The Central Government, exercising powers under clause (a) of sub section (1A) of section 108 of the Companies Act, 1956 and the Companies (Central Government's) General Rules and Forms, 1956, appoints the Official Liquidator, High Court, Indore, as the prescribed authority to endorse forms of transfer of shares for the purposes of that statutory provision.

Double taxation agreement limits source taxing rights and strengthens PE, information exchange and tax assistance mechanisms.
Bilateral tax convention between India and the United Kingdom allocates taxing rights on income and capital gains, defines residents and taxable persons, and prescribes rules for permanent establishments, attribution of profits, and specific source taxing regimes for dividends, interest, royalties, employment and other income. It provides mechanisms for elimination of double taxation by credit, a mutual agreement procedure, non discrimination, and comprehensive administrative cooperation including exchange of information. A 2012 Protocol (effective 2013) amends definitions, dividends rules, deletes partnerships provisions, and adds tax examinations abroad, assistance in tax collection and a limitation of benefits rule.