Customs tariff amendment replaces "within Chapter 27" with "under Heading 2710" to narrow exemption scope.
The Central Government directs that, by exercise of statutory power and in the public interest, the words "within Chapter 27" in Notification No. 190/78-Customs and Notification No. 191/78-Customs (both dated 22nd September, 1978) be substituted with the words "under Heading 2710," thereby narrowing the tariff reference in those exemption notifications.

Appointment of Assistant Value Added Tax Officers to assist the Commissioner in administration of the VAT framework under statutory powers.
Notification exercises statutory delegation to appoint two named officers as Assistant Value Added Tax Officers to assist the Commissioner in administration of the Delhi Value Added Tax framework; appointments are effective from date of assumption of charge and issued in the name of the Lt. Governor by the Finance (Revenue-1) Department.

Exchange rate determination sets conversion rates for specified foreign currencies for customs import and export valuation.
Determination under section 14 of the Customs Act, 1962 prescribes conversion rates between specified foreign currencies and Indian rupees effective 8th May, 2015 for customs treatment of imported and export goods, superseding the earlier notification of 16th April, 2015 except as to prior actions; rates are set separately for imports and exports in Schedule I (unit rates for seventeen currencies) and Schedule II (rates per 100 units for Japanese Yen and Kenya Shilling).

Customs exemption for LNG imports for power generation, subject to supply documentation, utilisation certificates and corporate guarantee.
Exemption for liquefied natural gas (LNG) and natural gas (NG) imported by GAIL for supply as RLNG to generating companies for generating and supplying electricity is inserted (serial 139B) and effective from 1 April 2017. The exemption excludes captive generating plants and requires a self-declaration of quantity at import, production of sale invoices and utilisation certificates within prescribed periods, a GAIL corporate guarantee equal to the duty differential, and an importer undertaking to pay the duty difference with interest if conditions are not met; excess verified quantity permits duty adjustment on future imports.

Extension of time for export of Red Sanders wood: government to finalize allocations and modalities, subject to judicial orders.
Para 4 substitutes the earlier provision to require the Government of Andhra Pradesh and the implementing revenue agency to finalize allocation of quantities to authorized entities and to complete the export process for Red Sanders wood by the revised deadline, subject to any orders or submissions before competent courts, exercising powers under the Foreign Trade Act and Policy.

Conversion of debt into equity under Strategic Debt Restructuring now counts as acquisition, subject to ICDR compliance.
The amendment treats conversion of debt into equity under the Strategic Debt Restructuring scheme as acquisition of equity shares by a consortium of banks, financial institutions and other secured lenders, and makes such acquisitions subject to compliance with the conditions specified in sub regulation (5) or (6) of regulation 70 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.

Strategic debt restructuring exemption allows preferential equity issuance to bank consortium on debt conversion subject to valuation, lock in and compliance.
Conversion of debt into equity under a strategic debt restructuring scheme is excluded from the Chapter's preferential issue requirements when equity is allotted to a consortium of banks and financial institutions pursuant to RBI guidelines, provided the conversion price follows RBI guidance and is not below face value, is certified by two independent qualified valuers, the allotted shares are locked in for one year (with transferee continuation of lock in permitted for transfers made to transfer control), and Companies Act requirements including a special resolution are met; other secured lenders joining the scheme are similarly covered.

Exchange rate notification updated for Swiss franc conversion, altering import and export rupee equivalents and effective from the notified date.
Amendment to Notification No. 38/2015-CUSTOMS (N.T.) substitutes the Schedule-I entry for Serial No. 15 by replacing the Swiss franc entry with new rupee conversion rates for imported goods and for export goods; the substituted rates are effective from the notified date and are issued under the Customs Board's administrative reference and signature.

Designation of Appropriate Government Treasury enables e-payment collection of VAT and CST from registered dealers and taxpayers.
State Bank of Patiala is notified as an Appropriate Government Treasury for collection of tax, interest, penalty or any other amount due under the Delhi Value Added Tax Act, 2004 and the Central Sales Tax Act, 1956 from registered dealers, casual traders, contractees (TAN holders) and any other person in e-payment mode only, subject to RBI regulations and conditions in the earlier notification, with immediate effect.

Companies incorporation rules amended: optional integrated INC-29 process for incorporation, DIN allotment, and OPC penalty provision.
The 2015 amendments revise eligibility language in rules 6-7, omit rule 5, introduce rule 7A imposing fines on One Person Companies or officers for contraventions, require self attestation in Form INC 10, and insert rule 36 establishing an optional Integrated Process using Form INC 29 to obtain DINs (up to three), reserve name, incorporate various company types, use MOA/AOA templates (INC 30/31), pay an additional Rs.2,000 fee, permit Registrar review with two 15 day cure opportunities, and issue incorporation certificates in Form INC 11.

Anti-dumping duty extension on PTFE continues under statutory review, prolonging the existing notification's force pending further action.
The Central Government, exercising powers under the Customs Tariff Act and the relevant Customs Tariff Rules, has amended the principal notification to insert a new paragraph stating that the anti-dumping duty notification on Polytetrafluoroethylene (PTFE) originating in or exported from Russia shall remain in force up to and inclusive of the 2nd day of May, 2016, unless revoked earlier.

Duty Free Import Authorisation withdrawal bars raw sugar imports under DFIA, effective immediately by notification
The Foreign Trade Policy 2015-20 is amended by inserting a sub paragraph in Para 4.25 to provide that the Duty Free Import Authorisation Scheme shall not be available for import of raw sugar; this exclusion is notified to have immediate effect, withdrawing entitlement to import raw sugar under DFIA.

Minimum invoice value requirement for Embassy of Finland under Delhi VAT applies from January first, two thousand fifteen.
Minimum invoice value condition inserted against Sl.No.A-44, Embassy of Finland in Part A - List of Embassies under Delhi VAT requiring invoices of Rs. 13,500 and above, effective 01/01/2015; the remainder of the earlier notification remains unchanged.

Tariff value fixation updated for specified imports, substituting prior customs tariff tables and setting valuation benchmarks.
Amendment under section 14(2) of the Customs Act substitutes new TABLE-1, TABLE-2 and TABLE-3 in Notification No. 36/2001-Customs (N.T.) to fix tariff values in US dollars for specified imports, including edible oils, oilseeds, brass scrap, poppy seeds, areca nuts, and certain gold and silver categories when concessionary entries are availed, establishing commodity-specific valuation benchmarks for customs assessment.

Exchange rate notification updates conversion rates for specified foreign currencies, altering import and export rates effective May.
Amendment under Section 14 of the Customs Act, 1962 substitutes entries in SCHEDULE-I of Notification No. 38/2015-CUSTOMS (N.T.), replacing rates for Danish Kroner, Euro, Norwegian Kroner, Pound Sterling and Swedish Kroner with distinct import and export conversion figures; these rates are declared effective from 1st May, 2015.

Customs tariff amendment inserts new headings for specified coke products, granting a concessional duty rate on imports.
Amendment inserts S.No. 20A into the Table of Notification No. 27/2011 Customs to cover tariff headings 2601 11 41 and 2601 11 42, prescribing that "All goods" under those headings are subject to a 10% duty rate, effected under the power of section 25(1) of the Customs Act, 1962 as a further amendment to the principal notification.

Defense-related import exemption expanded to cover naval, coast guard and military equipment, subject to prescribed duty-exemption certificates.
The amendment inserts S. No. 9A exempting goods for construction or fitment to Indian Navy or Coast Guard ships, and S. No. 10A exempting aircraft, aircraft parts, production tooling, arms, ammunition, radars, guided weapons and related components and spares, subject to import by Government contractors, Central Government PSUs or sub-contractors and the importer furnishing at import a duty exemption certificate evidencing Ministry purchase order details and corresponding supplier orders; explanatory clauses specify authorised certifying officers. The amendment is effective 1 June 2015.

Customs duty rates amended with substituted exemption entries and one serial entry omitted under the amended notification.
Amends Notification No. 12/2012-Customs by substituting revised column (4) entries in the Table for S. Nos. 76, 77, 78, 113, 276 and 428A-429; changes item descriptions at 428A and 429 to Digital Still Image Video Cameras and their parts; omits serial number 113A and related entries; and replaces the column (4) entry for item (ii) of column (3) at S. No. 252 with a conditional lower-of alternative. Issued under section 25(1) of the Customs Act, 1962 as Notification No. 28/2015-Customs.

Exemption for export oriented unit goods covers goods produced by EOUs brought into India under the Foreign Trade Policy.
The exemption in Notification No.15/2015-Central Excise is clarified to apply to excisable goods produced or manufactured by a hundred per cent. export oriented unit and brought to any other place in India in accordance with the provisions of the Foreign Trade Policy.

Exemption for goods manufactured by export oriented units applies when brought into India under the Foreign Trade Policy.
Adds an Explanation clarifying that the excise exemption applies to excisable goods produced or manufactured by a hundred percent export oriented unit and brought to any other place in India only in accordance with the Foreign Trade Policy, thereby qualifying the scope of the earlier notification and linking applicability to compliance with Foreign Trade Policy requirements.