Exchange rate schedule prescribes conversion rates for imported goods to determine customs valuation and stamp duty consequences.
The Central Government prescribes a rate of exchange schedule for specified foreign currencies to be used for calculating stamp duty under the Indian Stamp Act and for determinations under section 14 of the Customs Act as they relate to imported goods, superseding the prior notification and fixing specific conversion figures in two appended schedules to standardise currency conversion for valuation and charging purposes.

Specification of infrastructure bonds under section 80L authorises REC bonds with serialised issuance and varying interest rates.
The Central Government specifies REC Infrastructure Bonds as eligible under Section 80L, issued by the Rural Electrification Corporation Limited as debentures identified by distinctive serial numbers and a uniform face value, with differentiated interest rates linked to particular serial ranges. The bonds are authorised to be raised to a prescribed aggregate amount, including an initial allocation and an oversubscription option, and may be issued in one or more branches by public or private placement. A later notification substituted the original interest-rate descriptions for certain serial ranges.

Exemption from investment limit in relief bonds extends to retirement benefits, enabling immediate higher investment upon retirement.
Notification exempts investments in 8% Relief Bonds, 2002 from the Rs.2 lakh annual limit where funds originate from retirement/terminal benefits (provident fund balance, gratuity, commuted pension, leave encashment, government insurance savings). Such investments must be made within three months of receipt of benefits; reinvestment of matured bond proceeds by already retired persons must be made within three months of this Notification or bond maturity. Employer certification is required for initial investments and an affidavit for reinvestments. The exemption is additional to the ordinary annual Rs.2 lakh entitlement and is effective from the Notification date.

Tax exemption under clause (23C)(iv) applied to trust with conditions on application of income, investments and dissolution.
Central Government notifies Sanjay Gandhi Memorial Trust for exemption under clause (23C)(iv) of section 10, subject to conditions: income applied or accumulated exclusively to trust objects; investments allowed only in modes specified in Section 11(5) (excluding certain tangible voluntary contributions); business income excluded unless incidental and separately accounted; regular filing of income-tax returns; and on dissolution surplus assets to be transferred to a charitable organization with similar objectives.

Tax exemption under section 10(23C)(iv) granted subject to application, investment limits, accounting and dissolution conditions.
Notification grants tax exemption to Sterlite Foundation under clause (23C)(iv) of section 10 for assessment years 1997-98 to 1999-2000, conditional on applying or accumulating income wholly and exclusively for its objects, restricting investments to modes specified in section 11(5) (with limited retention of voluntary contributions in physical form), treating business income as eligible only if incidental to objectives with separate books, regular filing of income-tax returns, and, upon dissolution, transferring surplus and assets to a charitable organisation with similar objectives.

Duty free inputs for garment manufacture expanded; new components allowed subject to exporter registration and FOB value limits.
The notification expands the schedule of inputs eligible for duty free importation for manufacturers of textile garments and leather products for use in export production by inserting additional component items. It replaces annexure conditions to require that imports be made by manufacturers registered with export promotion bodies and that total import value be limited by percentage caps measured against the FOB value of exports in the preceding financial year, with a distinct sub cap for lining/interlining and a lower cap for leather footwear, gloves and travel goods.

Advance licence duty exemption allows customs relief for materials imported for deemed exports, subject to bond and compliance.
Exemption permits materials imported under an Advance Licence for deemed exports to be relieved from customs duty and specified additional duties, conditional on production of the licence with required endorsements, execution of a bond to cover duties and interest for non compliance, evidence of supply of final goods within prescribed periods, utilisation of materials in manufacture of specified final goods, and importation through prescribed ports, airports, depots or notified SEZs, with Commissioner of Customs empowered to allow other entry points and equivalent exemption treatment extended to EOUs, SEZs and related export-linked units.

Duty Free Replenishment Certificate exemption: imports permitted duty free subject to licence endorsements, transferability rules and specified port conditions.
Exemption from customs duty and Special Additional Duty applies to materials imported under a DFRC licence, conditional on production of the licence at clearance, licence endorsements specifying SION, resultant product particulars and material description/value/quantity, matching technical specifications for Sensitive List items with exporter declaration, non-transferability of fuel, free transferability otherwise, and restricted import/export through specified ports, airports, ICDs, land customs stations or SEZs subject to Commissioner exceptions and deemed export allowances.

Duty Entitlement Pass Book exemption limits customs and additional duty on specified imports, subject to DEPB credit and port conditions.
Exemption caps customs and additional duty on specified imported goods when duties are debited against a Duty Entitlement Pass Book (DEPB) issued under paragraph 4.3 of the Export and Import Policy. The exemption applies only where the importer holds a DEPB with permitted credit entries, produces it to customs for debit, and the DEPB has sufficient credit; DEPB validity, permitted ports and locations, and special permission by the Commissioner of Customs are prescribed. Edible oils receive reduced applied rates while other goods are admitted at the Table's specified rates.

Concessional duty on EPCG imports secures a five percent tariff benefit contingent on fulfilling staged export obligations.
Concessional customs duty of five percent applies to capital goods, components and permitted spare parts imported under a valid EPCG licence, subject to production of the licence, execution of a bond securing an export obligation equal to five times the CIF value on an FOB basis, staged block wise fulfilment over defined periods (with alternate extended schedules for certain licences and units), certification of installation and use, and payment of proportionate duty with interest where obligations are not met; re export for defective goods and limited sectoral relief are also provided, and public notices govern interest on regularisation.

Segregation of ownership and trading membership: broker members barred from serving as President, Vice President or Treasurer.
Exercising powers under the Securities Contracts (Regulation) Act, the regulator amended the Vadodara Stock Exchange Articles to insert provisos in Article 115 prohibiting broker members from serving as President, Vice President or Treasurer, thereby implementing segregation of ownership and trading membership from exchange management.

Segregation of exchange management: broker members barred from serving as office bearers to enforce separation of ownership and trading.
Amendment to Article 121 inserts a proviso forbidding any broker member of the exchange from being an office bearer - President, Vice President or Treasurer - thereby implementing the policy to segregate ownership and trading membership from management of the stock exchange.

Segregation of ownership and trading membership prohibits brokers from holding office bearer positions in exchange management.
The regulator mandated segregation of ownership and trading membership from exchange management and, for non-compliance, directly amended the exchange's articles by adding a proviso to Article 72, clause (a) stating that no broker member shall be an office bearer (President, Vice President or Treasurer) of the exchange, thereby prohibiting broker-members from holding those managerial offices.

Segregation of exchange management: brokers are barred from serving as President, Vice President or Treasurer following mandated reforms.
SEBI exercised statutory powers to amend the Articles of Association of Madras Stock Exchange after the Exchange failed to comply with a direction to segregate ownership and trading membership from management, adding provisos to Article 115 that bar broker members from serving as President, Vice President or Treasurer.

Segregation of trading membership from management bars broker-members from holding top exchange offices to enforce governance reform.
SEBI, invoking powers under the Securities Contracts (Regulation) Act due to Jaipur Stock Exchange Limited's non compliance with a directive to segregate ownership and trading membership from management, amended Article 74 to add provisos prohibiting broker members from serving as President, Vice President, or Treasurer of the exchange.

Segregation of exchange management: broker members prohibited from serving as President or Vice President of the exchange.
SEBI amends Article 104 of the Articles of Association of Hyderabad Stock Exchange Limited to add provisos prohibiting any broker member of the exchange from serving as President or as Vice President, implementing the policy to segregate ownership and trading membership from exchange management after the exchange failed to comply with SEBI's earlier direction.

Segregation of exchange management from trading membership: broker members barred from holding President, Vice President or Treasurer posts.
SEBI directed exchanges to separate ownership and trading membership from management; where Gauhati Stock Exchange failed to comply, SEBI amended Article 117 to add a proviso that no broker member of the exchange shall be an office bearer i.e. President, Vice President or Treasurer of the exchange, thereby prohibiting broker members from holding specified managerial offices.

Segregation of ownership and trading membership bars broker members from serving as exchange office bearers under SEBI amendment.
The regulator amended Article 115 of the Articles of Association of Cochin Stock Exchange Limited by adding a proviso that prohibits broker members from serving as office bearers (President, Vice President or Treasurer), implementing the policy to segregate ownership and trading membership from exchange management after the exchange failed to comply within the stipulated period.

Segregation of ownership and management: broker members prohibited from holding office-bearer posts in the exchange under directive.
Statutory powers were used to amend Bhubaneshwar Stock Exchange Articles to require segregation of trading membership from management; Article 120(a) now includes a proviso prohibiting any broker member from serving as an office-bearer (President, Vice-President or Treasurer) to ensure ownership and broker trading rights are separated from executive control.

Segregation of ownership and trading membership bars broker members from holding exchange office bearer positions, enforcing governance separation.
The Securities and Exchange Board of India amended the Articles of Association of Bangalore Stock Exchange Limited to add a proviso prohibiting broker members from serving as office-bearers-President, Vice President or Treasurer-thereby enforcing the segregation of ownership and trading membership from the management of the exchange under its statutory powers.