Denotification of SEZ land reduces notified acreage after developer proposal, state no objection and administrative approval.
The Central Government, exercising powers under the Special Economic Zones Act and SEZ Rules, 2006, de notified 75.55 hectares of a sector specific IT/ITES SEZ at Villages Bhigan and Kurar Ibrahimpur, Sonepat, Haryana, on the developer's proposal, with State no objection and Development Commissioner recommendation, reducing the notified area from 101.24 hectares to a resultant 25.69 hectares; parcel level particulars are listed and the 2014 de notification was later rescinded by a 2022 notification.

Limited Liability Partnership inclusion expands entities eligible to transfer or issue foreign securities under FEMA rules.
The amendment to Regulation 2 inserts Limited Liability Partnership (LLP) into clause (k) as an entity eligible in the transfer or issue of foreign securities and adds clause (ma) defining 'Limited Liability Partnership' as a body corporate having perpetual succession duly formed and incorporated under the Limited Liability Partnership Act, 2008.

Appointment of Special Commissioner for VAT to assist the Commissioner under the Delhi VAT statutory framework.
An officer has been formally appointed by notification under the Delhi Value Added Tax statutory framework to assist the Commissioner of Value Added Tax; the appointment by the Lt. Governor names the appointee and designates him as Special Commissioner, Value Added Tax, effective from the date of assumption of charge.

Approval of agricultural extension projects: notification, eligibility, application requirements and renewal procedures under section 35CCC clarified.
Rules prescribe that agricultural extension projects for farmer training require prior Ministry of Agriculture approval, expected expenditure above twenty-five lakh rupees (excluding land/building), and an application in Form No.3C-O with project note, expenditure estimates and Ministry approval letter. CBDT shall verify completeness, notify qualifying projects in Form No.3CP for up to three assessment years, allow renewal following a report from the jurisdictional Income-tax officer, and may rescind notifications for ceased, non-genuine or non-compliant activities after affording opportunity of hearing.

Withdrawal of facilities for taxpayers found knowingly involved in fraudulent excise or CENVAT practices, with procedural safeguards.
Where a taxable person is prima facie found to be knowingly involved in specified excise irregularities-such as removal without invoices, incorrect valuation, taking CENVAT credit without receipt or on suspected documents, issuing invoices without delivery, or fraudulent refund claims-the Chief Commissioner may withdraw facilities or impose restrictions. Remedies include withdrawal of monthly duty payment, prohibition on utilizing CENVAT credit for duty, enhanced record keeping and verification of principal inputs, suspension of registration for registered importers or dealers, and withdrawal of self sealing for exporters. Orders require evidential satisfaction and an opportunity of being heard.

CENVAT credit restrictions-government may notify utilization limits, suspend registrations and withdraw facilities to prevent misuse.
Central Government may, by notification, impose measures to prevent misuse of CENVAT credit, specifying restrictions on utilization of credit, suspension of a dealer's registration, withdrawal of facilities, and the procedure for issuing such orders by the Chief Commissioner; pending proposals initiated under the earlier notification are to be treated as initiated under this rule and decided accordingly.

Power to impose restrictions in tax evasion cases enables suspension of registration and withdrawal of facilities to prevent duty default.
The substituted rule 12CCC empowers the Central Government to specify, by notification, restrictions on manufacturers, first stage and second stage dealers, or exporters-including suspension of registration, withdrawal of facilities, and the procedure for issuance of such orders by the Chief Commissioner-where, having regard to extent of evasion, nature and type of offences or other relevant factors, it is necessary in the public interest to prevent evasion of, or default in payment of, excise duty. Pending proposals under the 2012 procedure shall be treated as initiated under this rule and decided accordingly.

Rescission of notification: central excise rule withdrawal with a saving provision preserving prior actions.
The Central Board of Excise and Customs, invoking provisions of the Central Excise Rules and the CENVAT Credit Rules, rescinds a prior Gazette notification, withdrawing its operative effect while expressly preserving validity of anything done or omitted before the rescission.

Crystallisation of inoperative foreign currency deposits: conversion to rupees with depositor option to claim rupee proceeds or foreign equivalent.
Regulations require authorised banks to convert inoperative foreign currency denominated deposit balances into Indian Rupees when specified inoperative periods expire, applying the exchange rate prevailing on the date of conversion. For fixed maturity deposits the conversion occurs at the end of the post maturity inoperative period; for no maturity deposits banks must give a prior notice and convert at the end of the notice period. After conversion the depositor may claim either the Indian Rupee proceeds and interest or the foreign currency equivalent of those Rupee proceeds calculated at the rate prevailing on the date of payment.

Extension of service for Company Law Board members allowed in public interest until successor body is constituted.
The amendment to Rule 8 authorises the Central Government to grant an extension in service to the Chairman, Vice Chairman and Members of the Company Law Board when considered necessary in the public interest, limited to a maximum of one year or until constitution of the National Company Law Tribunal, whichever is earlier, under the powers conferred by sub-section (2A) of Section 10E read with clause (a) of sub-section (1) of Section 642 of the Companies Act, 1956; the rules commence on publication in the Official Gazette.

Rate of exchange determined for listed foreign currencies under Customs Act, affecting import and export valuation.
The Central Board of Excise and Customs, under section 14 of the Customs Act, determines the rate of exchange for specified foreign currencies for valuation of imported and export goods, effective 21st March, 2014, superseding the prior notification; Schedule I sets rates per one unit with separate columns for imported and export goods, and Schedule II sets rates per one hundred units with separate columns for imported and export goods.

Exemption for government grants to Andhra Pradesh State AIDS Control Society, subject to non-commercial and filing conditions.
Notification grants the Andhra Pradesh State AIDS Control Society an exemption under clause (46) of Section 10 of the Income-tax Act for amounts received as grants-in-aid from the Government of India, applicable for 01.06.2011-31.03.2013 and financial years 2013-14 through 2015-16, subject to conditions: no commercial activity, unchanged activities and nature of specified income during the year, and filing of return of income as prescribed; grants to be received and applied per prevailing rules.

Definition of Training institute expanded to include NCVT affiliation, NSDA empanelment and equivalent certifications under rule 6AAH.
Amendment to rule 6AAH revises the definition of Training institute to include institutes set up by central, state or local authorities; those affiliated to NCVT or a State Council for Vocational Training; those affiliated to, approved by, or empanelled by the National Skill Development Agency; and institutes certified by NCVT or a State Council as having equivalent training standards. It also inserts a definition of National Skill Development Agency as the agency constituted by the Government of India.

Recognised association status under income tax rules: Ace Derivatives Exchange notified, subject to compliance and possible withdrawal.
Notification grants recognised association status to Ace Derivatives and Commodity Exchange Limited, Ahmedabad under the Income-tax Rules, subject to compliance with rule-based conditions; recognition may be withdrawn if those conditions are violated and remains effective only while Forward Markets Commission approval continues or until the Government rescinds the notification.

Provisional anti dumping duty on sodium nitrate imposed to counter dumped imports and protect domestic industry for six months.
The Central Government imposes provisional anti dumping duty on imports of Sodium Nitrate under the specified tariff items, following preliminary findings that exports from the European Union, the People's Republic of China, Ukraine and Korea RP were dumped and caused material injury to domestic industry. Duty rates are specified per kilogram in the Table for defined origin/export permutations and producers/exporters (often designated as "Any"). The duty is levied for up to six months from publication, payable in Indian currency, with the rate of exchange determined by Government exchange rate notifications and the bill of entry date.

Anti-dumping duty on red phosphorous imports from China imposed to counter dumping and protect domestic industry.
Imposition of a definitive anti-dumping duty on imports of red phosphorous excluding electronic applications from the People's Republic of China, pursuant to the Customs Tariff Act and anti-dumping rules, following findings of dumping and material injury. A unit-based duty rate in foreign currency per kilogram is prescribed for specified origin/export/producer/exporter combinations; the duty is effective for five years, payable in Indian currency and converted using the official exchange rate applicable on the bill of entry date.

Appointment of VAT inspectors to assist the Commissioner in administering the Value Added Tax Act and enforcement.
Exercising powers under clause (a) of sub-section (2) of section 66 of the Delhi Value Added Tax Act, 2004 read with rule 47 of the Delhi Value Added Tax Rules, 2005, the Lt. Governor has appointed specified officers as Value Added Tax Inspectors to assist the Commissioner of Value Added Tax in administering the Act, with effect from each officer's date of physical joining/assumption of charge.

Fixation of tariff values: updated declared values for specified commodities affecting customs valuation and import assessment.
The Central Board of Excise & Customs amends Notification No. 36/2001 Customs (N.T.) by substituting TABLE 1, TABLE 2 and TABLE 3 to prescribe revised declared tariff values in US dollars for specified imported commodities, including various palm and soyabean oils, brass scrap, poppy seeds, areca nuts, and unit values for gold and silver where notification benefits are availed, thereby establishing commodity specific declared values for customs valuation and import assessment.

Appointment of VATO cum Assistant Commissioners to assist VAT administration, effective from assumption of charge under statutory rule.
The notification exercises powers under section 66(2)(a) of the Delhi Value Added Tax Act and rule 47 of the Rules to appoint nine named officers, each designated as VATO cum Assistant Commissioner, effective from the date of assumption of charge, to assist the Commissioner in administration, enforcement and delegation of VAT functions.

Appointment of Additional Commissioner Value Added Tax under DVAT Act to assist Commissioner in administration of VAT.
The Lt. Governor, invoking powers under the Delhi Value Added Tax Act and relevant VAT Rules, has appointed Sh. Govind Jaiswal as Additional Commissioner, Value Added Tax to assist the Commissioner in administering the Act. The appointment is effective from the date of assumption of charge, with physical joining recorded as 19/12/2013, and is notified by the Finance (Revenue I) Department through the Deputy Secretary (Finance).