Quarterly return filing requirement: assessees claiming specified central excise exemptions must file returns within the prescribed post quarter period.
Where an assessee is availing exemption under the specified notifications and does not manufacture any other excisable goods, the assessee shall file a quarterly return in the form specified by the Board, reporting production and removal of goods and other relevant particulars, within ten days after the close of the quarter to which the return relates.

Indian Trade Classification (HS) 2012 updates import/export regimes, designating Free/Restricted/Prohibited status and compliance rules.
Notification adopts ITC(HS), 2012, establishing item level import/export policy regimes by eight digit EXIM codes and indicating for each item whether import/export is Free, Restricted, Prohibited or via specified State Trading Enterprises, together with chapter level and item specific policy conditions (licence procedures, sanitary and phytosanitary permits, BIS certification, environmental controls, CITES/Wildlife protections, GMO approvals and reporting obligations).

Common Adjudicating Authority appointed to transfer revenue intelligence show cause notices to the Commissioner for customs adjudication.
The Board, invoking powers under Customs (N.T.) notifications and the Act, assigns show cause notices issued by the revenue intelligence wing in respect of M/s M.K. Retail Pvt. Ltd., M/s M.C. Retail Pvt. Ltd. and others to the Commissioner of Central Excise (Adjudication)-I, New Custom House, New Delhi as the Common Adjudicating Authority for adjudication.

Common Adjudicating Authority appointment transfers a revenue intelligence show cause notice to the seaport customs adjudicator for adjudication.
A Show Cause Notice issued by a revenue intelligence unit was assigned to the Commissioner of Customs (Seaport-Export) at the seaport customs house for the purpose of adjudication under the statutory customs notification, with administrative circulation to relevant port and intelligence offices and a subsequent corrigendum correcting the designated recipient office title.

Assignment of Show Cause Notice: DRI-issued notice reassigned to Commissioner of Central Excise for adjudication under Customs delegation.
Under Notifications No. 01/2003-Customs (N.T.) and No. 37/2003-Customs (N.T.) read with section 4(1) of the Customs Act, 1962, the Board assigns Show Cause Notice F.No. 50D/11/2011-CI (Pt.I) dated 24.01.2012 issued by the Additional Director General, DRI, New Delhi in the matter of M/s Chimes Aviation Pvt. Ltd. & Others to the Commissioner of Central Excise (Adjudication), New Custom House, New Delhi for adjudication.

Intangible asset amortization rules for toll-road concessions establish revenue-linked amortization and annual projection review mechanism
Addition to Schedule XIV prescribes revenue-linked amortization for toll-road intangible assets under PPP concessions: annual amortization equals asset cost multiplied by actual year revenue divided by total projected concession revenue, with amortization rate as amortization amount over asset cost. Cost follows Accounting Standards, actual revenue is tolls received, and projected revenue is the total forecast presented at financial closure. Projections must be reviewed annually and adjusted so the asset is fully amortized over the concession period.

Tariff value fixation updates notification to set tariff values for edible oils, brass scrap, poppy seeds and bullion.
The Central Board of Excise & Customs amends Notification No. 36/2001-Customs (N.T.) by substituting TABLE-1 and TABLE-2 to fix or confirm tariff values for specified imports. TABLE-1 specifies tariff values for edible oils (various palm and soyabean oil items), Brass Scrap (all grades) and Poppy seeds in US dollars per metric tonne; TABLE-2 specifies values for gold and silver where certain notification benefits are availed. The substituted tables are to be used in customs valuation and the amendment is published in the Gazette.

Corrigendum to customs tariff notification updates parts description and corrects cross references in exemption table.
Corrigendum to Customs notification No. 12/2012 amends the exemption table: it replaces the column (3) description for S. No. 405 to clarify wording about parts for manufacture of printers, and corrects the column (3) cross references for S. Nos. 439 and 440 by substituting the cited serial numbers with the correct ones.

Addition of kerosene oil to VAT exceptions changes treatment of petroleum products, effective immediately under delegated authority.
The Commissioner has added kerosene oil to the exceptions for petroleum products in Notification No.F.7(433)/Policy-II/VAT/2012/1464, amending the VAT treatment for kerosene oil under the Delhi Value Added Tax Act, 2004. The amendment is effected by departmental notification and takes immediate effect as an administrative alteration to the earlier notification.

Transfer of foreign contribution subject to approval and reporting; limited transfers to unregistered persons require application and declaration.
The amendment excludes articles gifted for personal use from the definition of foreign contribution where their market value in India on the date of gift does not exceed a prescribed monetary threshold. It also establishes a procedure allowing a registered person to transfer a limited portion of foreign contribution to an unregistered person only after applying to the Central Government in Form FC 10 and making a declaration; transfers to other registered persons are permitted without prior approval provided the recipient is not proceeded against, and both parties must reflect transfers in Form FC 6 returns.

Appointment of Common Adjudicating Authority assigns a DRI show-cause notice to the Import Customs Commissioner for adjudication.
The Central Board of Excise and Customs assigns the Show Cause Notice issued by the investigative zonal unit against M/s Hari Krishna International to the Commissioner of Customs (Import), Air Cargo Complex, Sahar, Mumbai, as the Common Adjudicating Authority for adjudication under the Customs Act, with copies circulated to the issuing unit, the local customs commissioner's office, and departmental web administration.

Customs corrigendum updates tariff exemption entries and expands eligible made-ups to include cotton made ups under notification corrections.
Corrigendum to Notification No. 12/2012 Customs corrects Table entries and an Annexure condition: S. No. 386, column (5) replaces "Nil" with "-"; S. No. 413, column (6) replaces "52 or 53 or 55, and 62" with "52 or 53 or 54, and 62." In Annexure, Condition No. 28(a) the wording "handloom made ups or polyester made ups" is amended to "handloom made ups or cotton made ups or polyester made ups," thereby including cotton made ups within the specified exemption condition.

Anti-dumping duty extension on Vitamin A Palmitate continued under statutory review, renewing import restrictions for specified origins.
An amendment extends the anti-dumping duty on Vitamin A Palmitate originating in or exported from China PR and Switzerland by one year. The amendment, made pursuant to the statutory continuation and review provisions and the implementing rules, adds that the original notification shall remain in force up to and inclusive of 27th March, 2013, unless revoked earlier.

National Advisory Committee on Accounting Standards established to advise government on formulation and adoption of company accounting standards.
Constitution of the National Advisory Committee on Accounting Standards establishes a time-limited advisory body to assist the Central Government in formulating and laying down accounting policies and accounting standards for adoption by companies or classes of companies, appointing a chairperson, institutional nominees and special invitees, and recording later substitutions to certain nominees.

Corrigendum to customs notification corrects identification of addressees in two show cause notices, altering one respondent.
The Board amends Order F.No.437/138/2009 Cus.IV to correct the recital identifying parties to two show cause notices: the notice dated 30.01.2009 is in respect of M/s Fasttrac Impex Pvt. Ltd. and others, and the notice dated 29.04.2009 is in respect of M/s Satyam Overseas, thereby distinguishing the addressees of the two notices.

Corrigendum to customs notification corrects the departmental reference to include an earlier file entry and its corrigendum.
Correction to a customs notification expands the cited departmental reference so that the original words and figures are read as including both the initial departmental file entry and the later corrigendum, amending the Gazette citation for accuracy without altering the notification's substantive provisions.

Inland Container Depot designation expands to include Kannur, permitting unloading of imports and loading of exports.
Amends Notification No.12/97-Customs (N.T.) by inserting item (iv) Kannur in the Kerala table to authorize the unloading of imported goods and the loading of export goods at that location under the powers conferred by the Customs Act.

Escrow accounts for share consideration allowed without prior approval, subject to specified FEMA and SEBI compliance and conditions.
Schedule 9 permits resident and non resident acquirers to open INR escrow accounts with AD Category I banks and escrow securities with SEBI depository participants without prior RBI approval, for payment of share purchase consideration. Accounts must be non interest bearing, cannot secure facilities, and accept only specified credits (foreign inward remittances for share issue/transfer or rupee consideration from resident acquirers) and debits (remittance to issuer/transferor or refund on non materialisation). Operations must comply with FEMA and applicable SEBI rules, KYC requirements, and the account is generally limited to six months unless RBI permits an extension.

Custodianship obligations require bonded insurance, EDI connectivity and liability for pilferage, with strict outsourcing limits and performance ties.
Appointment of M/s. Central Warehousing Corporation as custodian at the Container Freight Station is made under Section 45(1) of the Customs Act, 1962, with obligations to comply with Section 45(3) and Handling of Cargo in Customs Areas Regulations, 2009. The custodian must insure goods, execute bonds and bank guarantees for duty and export transhipments, bear liability for loss or pilferage and pay duty on lost goods, provide specified infrastructure and EDI connectivity, maintain records and demarcated storage, ensure safe transit and verify transporters, restrict outsourcing to limited non-core tasks, and submit compliance reports while remaining subject to termination and performance-linked cost recovery conditions.

Prescribed authority appointment: Assistant Commissioner of Income tax, Guwahati designated under Companies Rules to perform clause (a) functions.
The Central Government, exercising power under sub rule (1) of rule 5A of the Companies (Central Government's) General Rules and Forms, 1956, appoints the Assistant Commissioner of Income tax, Guwahati as the prescribed authority for clause (a) of the sub section linked to section 108 of the Companies Act, by Notification S.O. 733(E) dated 4-4-2012, conferring the specified administrative role on that income tax office.