Industrial Park Scheme sets approval criteria, procedural steps and reporting requirements for industrial park tax eligibility.
The Industrial Park Scheme, 2002 prescribes eligibility, approval and operational rules for undertakings developing or operating Industrial Model Towns, Industrial Parks or Growth Centres to claim tax benefits under section 80IA(4)(iii). It sets quantitative criteria for automatic approval (minimum area, unit numbers, 66% industrial allocable area, 10% commercial area, investment thresholds, and 50% occupancy cap), requires Form IPS-1 with fee to the Secretariat for Industrial Assistance, provides Empowered Committee review for non-eligible cases, allows withdrawal of approval for non-compliance after hearing, and mandates periodic Form IPS-II reporting while benefits are availed.

Income-tax rules amendment expands eligible activities to include softwood plantation and conservation programmes.
Amendment to the Income-tax Rules inserts plantation of softwood on degraded non-forest land and any programme of conservation of natural resources or of afforestation as new items in rule UK, clause (i); the changes are effected by notification under Section 295 and come into force on publication in the Official Gazette.

Foreign exchange account limits updated: revised EEFC crediting percentages and RBI discretion to permit higher holdings.
Amendment replaces percentage ceilings for crediting foreign exchange to EEFC Accounts, specifying full allowance for Status Holder Exporters, reduced allowances for 100% EOUs and notified park units, and a lower allowance for other residents; it empowers the Reserve Bank to permit higher holdings on application and inserts a specification of qualifying foreign exchange earnings while deleting a proviso from the new sub paragraph.

Regulatory amendment: Status Holder exporters now eligible alongside Special Economic Zone units under Regulation 9 of export rules.
Amendment adds the words "or by a Status Holder exporter, as defined in the EXIM Policy in force," to clause (a) of sub regulation (2) of Regulation 9, thereby making Status Holder exporters eligible alongside units in a Special Economic Zone for the purposes of that clause.

ITC(HS) classification amendment implements revised export-import classifications under the foreign trade policy, effective from the new fiscal period.
The Central Government, under the Foreign Trade (Development and Regulation) Act and paragraph 2.1 of the Export and Import Policy 2002-2007, amends and notifies the ITC(HS) classifications as contained in the Annexure; the amended classifications take effect from 1st April, 2002 and are to be implemented as the operative schedule for export and import items.

Export and Import Policy notification enacts FTP 2002-07 under statutory authority, bringing the policy into immediate effect.
The central government, exercising statutory authority under the Foreign Trade (Development and Regulation) Act, notifies the Export and Import Policy, 2002-07 as contained in the Annexure and declares it to come into force on the stated commencement date, publishing the notification in the Gazette and issuing it in the public interest.

Anti-dumping duty on hydrofluoric acid to offset dumped imports, calculated as difference between reference amount and landed value.
Anti-dumping duty applies to Hydrofluoric acid imports from the People's Republic of China for all concentrations other than 70%, calculated as the difference between prescribed per-tonne reference amounts (with pro-rata concentration adjustments and packaging allowance for packed product) and the assessable landed value; duty payable in Indian currency, with landed value and exchange-rate mechanics defined under the Customs Act and Finance Ministry notifications, and grounded on section 9A of the Customs Tariff Act and relevant Customs Tariff Rules.

Provisional anti-dumping duty on sodium nitrite imports from specified regions, duties effective and payable in local currency.
Provisional anti-dumping duty is imposed on Sodium Nitrite imports from the European Union and Taiwan after preliminary findings of dumping and material injury caused cumulatively by those imports; duties are levied at specified rates per metric tonne, payable in Indian currency, effective for a prescribed period, with the rate of exchange for calculation to be the Government-notified rate and the relevant date being the bill of entry presentation date.

Notification amendment updates specified Central Excise references to 2002 notifications, substituting earlier 2001 references and effective April.
The Central Government directs substitution of earlier Central Excise notification references with Budget 2002 notification references in specified notifications: replacing cited 2001 notification identifiers with the corresponding 2002 identifiers in the listed entries of the principal notifications. The Table annexed to the notification specifies each principal notification and the exact textual changes to be made. The amendments apply prospectively and do not affect things done or omitted before the amendments; the notification comes into force on the first day of April, 2002.

Anti dumping duty on pentaerythritol: provisional country specific tariffs imposed on imports, payable in domestic currency until specified date.
Provisional anti dumping duties are imposed on Pentaerythritol imports from Canada, Japan and Taiwan following findings of dumping, material injury and cumulative causation. Country specific rates are fixed in US dollars per metric tonne and the duty is payable in Indian currency. The measure is effective up to and including 26 September 2002. Exchange rate for conversion is as specified by the Ministry of Finance notification, with the relevant date being the bill of entry presentation under section 46 of the Customs Act.

Antidumping duty on caustic soda imposed; exporters subject to specified duty rates and a defined temporal scope.
Imposition of antidumping duty on Sodium hydroxide (Caustic Soda) from Qatar after findings that the product was exported below normal value, caused price depression and material injury to the domestic industry; specified duty rates apply to named exporters and to all other exporters, are payable in Indian currency, and the rate of exchange for calculation is the Finance Ministry's notified rate with the bill of entry date as the relevant date.

Anti-dumping duty on hexamine imports imposes country- and exporter-specific duties after established dumping and injury.
Anti-dumping duty is imposed on hexamine imports originating in or exported from specified countries following findings of dumping and material injury; the Central Government prescribes country- and exporter-specific duty rates payable in Indian currency, levied with effect from the provisional duty imposition date until the prescribed expiry, and directs that the applicable rate of exchange for conversion be determined by Government notification with the bill of entry date as the relevant date.

Anti-dumping duty on 2-MNI imports from China set as difference between fixed export value and landed value.
An anti-dumping duty is imposed on 2-Methyl (5) Nitro Imidazole from China, calculated as the difference between US $4.32 per kilogramme and the landed value per kilogramme; "landed value" means the assessable value under the Customs Act excluding specified customs duties. The duty is effective from the date of provisional imposition, payable in Indian currency, and the rate of exchange for calculation is the rate notified for the date of presentation of the bill of entry.

Anti dumping duty on paracetamol imports from China and Taiwan, duty calculated as difference against landed value.
An anti dumping duty is imposed on paracetamol (sub heading 2922.29) from China and Taiwan; the duty per kilogramme is the difference between the Table's benchmark amount and the landed value of imported paracetamol. The duty is payable in Indian currency, levied from the provisional duty date, and "landed value" means the assessable value under the Customs Act excluding specified customs duties. The rate of exchange for calculation is the government notified rate, determined as of the bill of entry presentation date.

Export quota release for onions allows designated state trading enterprises to export under existing terms, subject to a time limit.
Release of an additional export quota for onions by amending the ITC(HS) schedule to permit exports through specified State Trading Enterprises and agencies, with allocated quantities for each. Exports must follow existing terms and conditions from the earlier notification except for the export time limit, which is replaced by the deadline in the current notice. The authorization is time limited and issued in the public interest.

Insurer definition expansion extends Income tax Rules references to insurers beyond Life Insurance Corporation under clause 28BB.
Amendment to the Income tax Rules, 1962 inserts the phrase or any other insurer as defined in clause (28BB) of section 2 of the Income tax Act, 1961 into rule 89 (sub rules (i) and (ii)) and rule 101, thereby extending references that previously named the Life Insurance Corporation to other insurers meeting that statutory definition.

Customs corrigendum amends exemption notification by expanding a referenced tariff entry, altering the cited provision reference accordingly.
Corrigendum to notification No. 22/2002-Customs (1 March 2002) amends the Gazette text on page 116, line 18 by substituting the reference "65" with "65 and 66", a confined textual change to the cited tariff/entry reference.

Exchange rate determination for export goods set effective, prescribing uniform currency conversion rates and superseding earlier notification.
The Central Government, under Section 14 of the Customs Act, 1962, prescribes specific exchange rates for conversion of listed foreign currencies into Indian currency and vice versa for export goods, superseding the earlier notification, with the specified rates in Schedule I and Schedule II taking effect from 1 April 2002.

Exchange rate schedule prescribed for customs and stamp duty conversion for imported goods, superseding prior notification.
Prescribes a government exchange rate schedule for conversion between specified foreign currencies and Indian rupees to be applied for calculating stamp duty and for purposes under section 14 of the Customs Act insofar as those provisions relate to imported goods, superseding Notification No.9/2002 and fixing rates effective from 1st April, 2002, set out in two appended schedules (unit rates for major currencies and a per 100 units rate for Japanese yen).

Freely convertible currency definition updated to list specified currencies and include rupees purchased by the Asian Development Bank.
Amendment substitutes the Explanation of freely convertible currency to enumerate specified foreign currencies (including Australian Dollars, Canadian Dollars, Deutsche Marks, Euros, Japanese Yen, Pounds Sterling, U.S. Dollars and others) and to state that the term includes Indian Rupees bought by the Asian Development Bank by payment to the Reserve Bank of India in foreign exchange, under the authority of sub rule (3) of rule 19 of the Central Excise Rules, 2002.