Export of cotton yarn now free, subject to mandatory contract registration and customs verification before shipment.
Export of cotton yarn is changed from restricted to free exports effective 1 April 2011, subject to mandatory registration of export contracts with the trade regulator prior to shipment and customs clearance being permitted only after verification of such registration.

Diplomatic vehicle disposal rules permit sale to non privileged persons under specified regulations governing privileged persons' customs privileges.
The import licensing note for vehicles imported by foreign diplomats and other privileged persons is amended so such vehicles must be disposed of in accordance with the Foreign Privileged Persons (Regulation of Customs Privileges) Rules, 1957, instead of being restricted to sale only to another diplomat and compulsory re export, thereby permitting disposal to non privileged persons under those Rules.

Export controls on SCOMET items require government licence and prior approval for foreign site access under amended trade law.
Notification No. 38 (RE-2010) updates and replaces the SCOMET list, making export of listed Special Chemicals, Organisms, Materials, Equipment and Technologies subject to the licensing regime and provisions of Chapter IV A of the FT(D&R) Act, 1992 as amended in 2010. The Annexure categorises controlled items, specifies technical qualifiers and thresholds, mandates prior government permission for agreements enabling foreign site visits or access, and supplies a glossary and procedural direction to consult the Handbook of Procedures for licensing and compliance.

Service tax coverage expanded to include any bank, including foreign banks, and money changers for taxable transactions.
The notification substitutes the phrase "a Scheduled bank, by any other Scheduled bank" with "any bank, including a bank located outside India, or money changer, by any other bank or money changer," thereby extending the notification's coverage to include non-scheduled and foreign banks and money changers; the amendment takes effect on 1 April 2011 under powers conferred by the Finance Act.

Service tax invoicing: continuous supplies must prompt invoices upon completion of contractual payment events; exchange fee tiers added.
Amendment effective 1 April 2011: rule 4A replaces "provision of" with completion of and mandates that for continuous services providers must issue invoices within fourteen days after each contract event obliging payment. Rule 6 clarifies treatment where invoice amounts are renegotiated for deficient services or contractual terms, requires refunds where applicable, and revises sub rule 7B to a tiered currency exchange fee structure with an annual, irrevocable option for the service provider.

Point of Taxation timing revised: invoice issuance, receipt of payment or advances determine service tax liability with transitional rules.
Amendments to the Point of Taxation Rules, 2011 define the point of taxation as the time of invoicing or, if no invoice is issued within fourteen days of completion, the date of completion; payments or advances received before invoicing fix the point of taxation on receipt. Continuous supply rules mirror this approach, with contractual events deemed completion dates. The phrase "change in effective rate of tax" replaces prior terminology and includes changes in the taxable portion of value. Specified services and persons have payment-based tax points subject to stated exceptions and transitional provisions exclude completed services and pre-existing invoices.

Tariff value fixation updated for specified imported oils and scrap, amending prior customs notification and valuation basis.
Amendment substitutes the Table in Notification No. 36/2001-Cus (N.T.) under section 14(2) of the Customs Act, 1962, fixing tariff values per metric tonne for specified goods including crude and RBD palm oil, palmolein variants, crude soyabean oil, brass scrap (all grades), and poppy seeds, thereby updating the tariff-value schedule used for customs assessment and compliance.

Reference rate timing changed to 'at that time' for service tax valuation, altering when exchange rates are applied.
The amendment substitutes the phrase "reference rate for that currency for that day" with "reference rate for that currency at that time" in the Service Tax (Determination of Value) Rules, 2006, thereby specifying a moment-based reference rate for valuing taxable services under the valuation framework.

Taxation of cross-border services: amendment omits (zzh) from rule 3 proviso, altering applicability under the rules.
Amendment removes the bracketed letters "(zzh)" from clause (ii) of the second proviso to rule 3 of the Taxation of Services (Provided from Outside India and Received in India) Rules, 2006, effected under powers of the Finance Act, 1994, and coming into force on the 1st day of April, 2011.

Export of Services Rules amendment removes bracketed reference in rule 3, altering the statutory text under service tax rules.
The Export of Services (Second Amendment) Rules, 2011 effect a textual revision by deleting the brackets and letters "(zzh)" from the second proviso to clause (ii) of sub rule (1) of rule 3 of the Export of Services Rules, 2005; the amendment is notified under the Finance Act authority and takes effect from the commencement date in the notification.

Timing of CENVAT credit for input services: credit on invoice receipt; reverse charge credit after payment of value and tax.
Rule 4(7) permits CENVAT credit for input services on or after receipt of the invoice, bill or challan; for reverse charge services credit is allowed only after payment of the value and service tax, and failure to pay within three months requires repayment equal to credit availed. Refunds or credit notes trigger corresponding repayment. Pre-operative invoices are subject to the payment-linked credit rule. Explanations fix payment deadlines and recovery, with quarterly treatment for certain exempt manufacturers and small service providers. Rule 6(c) revises traded goods valuation to the greater of the margin over cost of goods sold or ten percent of cost. Rule 9 adds supplementary invoices as credit documents except where additional tax arises from fraud or intent to evade tax.

Effective date for Schedule VI compliance set for financial statements commencing on or after the notified date.
The amendment fixes the operative commencement of the notification so that it shall come into force for the Balance Sheet and Profit and Loss Account to be prepared for the financial year commencing on or after 1.4.2011, thereby determining when the revised Schedule VI disclosures apply.

Anti-dumping duty rescission: prior customs notification revoked under statutory powers while preserving prior acts and omissions.
Central Government exercises statutory authority under the Customs Tariff Act and anti-dumping rules to rescind Notification No. 33/2006-Customs (previously published in the Gazette) in the public interest, with the rescission not affecting actions done or omissions made before its effective date.

Service tax notification amendment substitutes April with July in para three, altering the prescribed implementation timing under Finance Act powers.
Under powers conferred by section 93(1) of the Finance Act, the Central Government amends Notification No.09/2010-Service Tax by substituting the word 'April' with the word 'July' in paragraph 3 of the principal notification; the change is effected by Notification No.21/2011-Service Tax dated 30th March, 2011 and references the original Gazette entry and its prior amendment.

Service Tax amendment substitutes April with July in earlier notification, changing the operative implementation date.
The Central Government amends Notification No. 08/2010-Service Tax by substituting the word 'April' with the word 'July' in paragraph 2, thereby changing the month referenced as operative in that provision under the statutory powers invoked for the notification.

Amendment to Service Tax notification substitutes April with July, postponing the effective month under delegated authority.
Amendment to Notification No.07/2010-Service Tax substitutes the word 'April' with the word 'July' in paragraph 2 of the principal notification, effected by Notification No.19/2011-Service Tax under the delegated power conferred by section 93(1) of the Finance Act and grounded on satisfaction of public interest.

MRP based assessment correction: amendment alters item reference in prior central excise notification to ensure accurate abatement application.
The corrigendum corrects the table reference in the prior central excise notification governing MRP based assessment and abatement, directing that the entry in column (1) originally stated as "109" shall be read as "109A", thereby ensuring the proper item identifier is cited for application of the MRP assessment and abatement mechanism.

Exchange rate determination for customs: prescribed foreign currency conversion rates apply to import and export valuation effective from 1st April.
The Central Board, exercising powers under section 14 of the Customs Act, 1962, prescribes rates of exchange for conversion of specified foreign currencies into Indian rupees effective from 1 April 2011 for import and export valuation, superseding the earlier notification. The determination uses two schedules: Schedule I sets per-unit rates for listed major currencies with distinct import and export entries, and Schedule II sets the conversion basis for the Japanese Yen.

Certificate for lower or no tax deduction: Assessing Officer may grant relief based on existing and estimated tax liability.
Substitution of rule 28AA provides that an Assessing Officer may issue a certificate for deduction of tax at a lower rate or no deduction where existing and estimated tax liability justify such relief; liability is determined by considering estimated tax for the relevant previous year, tax on returned or assessed income for the last three years, existing liabilities under tax laws, advance tax paid, tax deducted at source and tax collected at source up to the application date; the certificate is limited to and issued to the named person responsible for deduction and is valid for the period specified unless earlier cancelled.

Certification requirement for depository participant personnel: mandatory NISM DOCE for client-facing and operational roles with exemptions.
Notification requires associated persons of registered depository participants in client interaction, client securities handling, investor grievance redressal, internal control, operational risk activities, and related record maintenance to obtain the NISM-Series-VI: Depository Operations Certification Examination (DOCE). Persons employed on the notification date must obtain DOCE within two years; those engaged thereafter within one year. Holders of specified NSE, NSDL, or BSE depository certifications are exempt until their certificates' validity expires, and completion of CDSL's DP Training Programme provides a three year exemption from programme completion.