Customs exemption amendment removes special additional duty references, narrowing chargeability for kerosene imports used in linear alkyl benzene manufacture.
The Central Government amends Notification No. 26/99 to omit the reference to sub section(1) of section 3A, delete sub paragraph (ii), remove the heading, column and entry for special additional duty in the Table, and delete the words "and special additional duty" from paragraphs 2 and 3, thereby eliminating the separate special additional duty charge on kerosene imports for manufacturers of linear alkyl benzene.

Manufacture by labelling or repacking recognised as manufacture, affecting excise exemption scope under amended notifications.
The amendments insert provisos clarifying that for goods under heading No. 17.02, labelling or relabelling, repacking from bulk to retail packs, or any treatment to render the product marketable shall amount to manufacture; and that for goods under Chapter 73, galvanization shall amount to manufacture, thereby modifying the exemption scope in the cited notifications.

Jurisdictional allocation under Central Excise Rules: CBEC specifies jurisdictions of Chief Commissioners, Commissioners and Appeals Commissioners.
CBEC, under sub-rule (2) of rule 3 of the Central Excise Rules, 2002, specifies territorial jurisdictions by tables: Table I maps Chief Commissioners to their Commissioners of Central Excise; Table IA maps Chief Commissioners to Commissioners of Central Excise (Appeals); Table II defines detailed territorial limits of individual Commissioners; Table III maps Commissioners (Appeals) to Commissioner jurisdictions. The Large Taxpayer Unit covers all Commissioners. The notification supersedes the earlier notification and enters into force on the date the Board notifies in the Official Gazette.

Foreign Currency Convertible Bonds: automatic issuance permitted under specified eligibility, caps and RBI approval requirements for larger issues.
The amendment substitutes Regulation 18 to create a tiered authorization regime for FCCBs: an automatic route for issues up to a prescribed ceiling subject to Schedule II conditions; issues above that ceiling require Reserve Bank permission in a specified form; issues beyond a higher threshold require Government approval. Schedule II sets substantive conditions for automatic issuance including conformity with FDI policy and RBI directions, permissible investors for private placements, minimum maturity, prohibition of attached warrants, composition and caps on all in costs and issue expenses, permitted uses of proceeds, repatriation rules, and mandatory post issue reporting to the Reserve Bank through an authorised dealer.

Designation of Central Excise Commissioners as Customs Commissioners expands adjudicatory jurisdiction under Central Excise Rules and appeals framework.
The notification substitutes clause (aa) to provide that the Commissioners of Central Excise shall be Commissioners of Customs within their respective jurisdictions as specified under rule 3 of the Central Excise Rules, 2002, and that the Commissioner of Central Excise (Appeals) shall be Commissioner of Customs (Appeals) within their respective jurisdictions; the amendment is made under the powers of the Customs Act and takes effect on a date to be notified in the Official Gazette.

Appointment of DRI officers as Customs officers centralises enforcement roles and prescribes corresponding customs designations nationwide.
The central government appoints officers of the Directorate General of Revenue Intelligence posted at Headquarters and zonal/regional units to be the Principal Commissioner/Commissioner of Customs, Additional/Joint Commissioners of Customs, and Deputy/Assistant Commissioners of Customs for the whole of India, under authority conferred by the Customs Act, with the date of effect to be notified in the Official Gazette; the notification supersedes a 1990 notification and records substitutions of designations effected by a 2014 notification.

Commissioner of Customs (Appeals) jurisdiction updated assigning appellate coverage over specified subordinate customs formations.
The Central Government appoints specified officers as Commissioner of Customs (Appeals) and allocates to each the appellate jurisdiction over identified subordinate customs formations; the appointments supersede an earlier notification and take effect from dates to be published in the Official Gazette. A Table lists each Appeals Commissioner alongside the subordinate offices and territorial or functional units (e.g., aircargo, airport, port, import, export, preventive, ICDs) that fall within that Commissioner's appellate jurisdiction.

Jurisdiction of Customs Commissioners expanded to specified territorial areas and granted pan India adjudicatory authority for Board assigned cases.
The Central Government, under section 4 of the Customs Act, 1962, appoints specified officers as Commissioners of Customs and, under their control, Additional or Joint Commissioners and Deputy or Assistant Commissioners for defined territorial areas, ports, airports, special economic zones and maritime zones, as listed in the Table, superseding earlier notifications. Notwithstanding those territorial allocations, the officers specified as Commissioners shall have jurisdiction throughout India to adjudicate cases assigned to them by the Board.

Areas of jurisdiction: Chief Commissioners designated to supervise specified Customs and Central Excise territories under statutory appointment power.
The Central Government appoints the officers listed to be Chief Commissioners of Customs and Central Excise for the areas corresponding to the named Commissioners, superseding an earlier notification; appointments take effect from a date to be notified in the Official Gazette and the Table specifies territorial allocations, distinguishing regular and preventive Customs coverage and recording later substitutions that alter particular entries.

Amendment to notification under Companies Act: substitution appoints a Member and specifies tenure to August next year.
The Central Government, under sub section (1) of section 210A of the Companies Act, 1956, amends notification S.O. 841(E) dated 29 August 2001 by substituting serial number 5 to appoint Shri Rajiv Mehrishi as Member, specifying that he shall hold office up to 28th August, 2002, as published in the Gazette.

Approval under section 10(23G) infrastructure facility status enables tax benefit subject to accounting and audit compliance.
Approval under the Income-tax Act was granted to a diesel-engine power generation project as an infrastructure facility for specified assessment years, subject to statutory compliance. The approval is conditional on conformity with the Act and relevant Rules, maintenance of books of account, audit by a qualified accountant, and furnishing the required audit report, and may be withdrawn if the undertaking ceases to operate as an infrastructure facility or fails to meet the accounting and audit requirements.

Tax exemption approval under section 10(23G) for power projects contingent on compliance and audited accounts for specified years.
Approval under section 10(23G) is granted to North Eastern Electric Power Corporation Ltd. for specified assessment years for its Rangandi and Doyang hydro-electric projects, subject to compliance with section 10(23G) and rule 2E, including maintenance of books, audit by an accountant and furnishing of the audit report; the Central Government may withdraw approval if the undertaking ceases to carry on the infrastructure facility or fails the audit or reporting conditions.

Removal of export restrictions enables free export of specified cereals, pulses, butter and non-basmati rice without prior registration.
The notification amends the ITC(HS) classification to delete quantitative ceilings on wheat and specified coarse grains and on butter, removes the APEDA contract registration requirement for non basmati rice, and deletes the ITC(HS) entry for pulses so that pulses are freely exportable without prior packaging restrictions; accompanying Appendix 1 deletions align with these relaxations.

Verification of underlying exposure requires authorised dealers to examine documentary evidence, subject to otherwise permitted exceptions.
Authorised dealers may enter into relevant foreign exchange derivative-contract arrangements after verifying documentary evidence and satisfying themselves that the underlying exposure is genuine. Such arrangements may also be undertaken where otherwise permitted from time to time. The amendment substitutes paragraph A.1(a) of Schedule 1 to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 and took effect upon publication in the Official Gazette.

Inland Container Depot designation expanded to include Karur enabling unloading of imports and loading of exports.
Designation of an Inland Container Depot is extended to Karur by inserting entry (vi) against serial No.11 for Tamil Nadu in Notification No.12/97-Customs (N.T.), authorising unloading of imported goods and loading of export goods at Karur under clause (aa) of section 7 of the Customs Act, 1962.

Tax free municipal bonds designated; tax exemption available only if holders register their holdings with the issuer.
The Central Government specified Tax Free Municipal Bonds to be issued by the Municipal Corporation of Hyderabad for a fixed aggregate amount during the relevant financial year under sub clause (vii) of clause (15) of section 10 of the Income tax Act, 1961. The tax exemption is conditional: the benefit is admissible only if the holder registers his or her name and the holding with the issuing Municipal Corporation.

National Savings Certificates revised interest accruals and encashment amounts for certificates purchased on or after 1 March 2002.
Prescribes revised interest accrual and encashment rules for National Savings Certificates purchased on or after 1 March 2002: sets Rs.169.59 as the maturity encashment amount for Rs.100 certificates, lists annual interest accruals for six years (Rs.9.20; 10.05; 10.97; 11.98; 13.09; 14.29) with reinvestment deemed through year five, and adds a table of graduated early-encashment amounts for encashments after three years (Rs.124.62 to Rs.149.83 for Rs.100) with proportionate rates for other denominations.

National Savings Scheme: interest set at 9% for Mar 2001-Feb 2002; reduced to 8.5% from 1 March 2002.
The amendment prescribes that for 1 March 2001 to before 1 March 2002 interest is nine per cent per annum, allowed monthly on the lowest balance between the close of the tenth day and month-end and credited annually; from 1 March 2002 the same monthly calculation applies but at eight-and-a-half per cent per annum.

Post Office Monthly Income Account interest amended to 9% per annum for deposits made on or after 1 March 2002.
The amendment revises rule 8(1) of the Post Office (Monthly Income Account) Rules, 1987 by narrowing clause (f) to deposits made "the 1st day of March 2001 but before the 1st day of March, 2002" and inserting clause (g) to prescribe an interest rate of 9 per cent per annum for deposits made on or after the 1st day of March, 2002; the rules commence on publication in the Official Gazette.

Corrigendum to Budget notifications correcting tariff headings, item descriptions, and an excise rate to clarify exemptions.
Correction of Budget notifications amends textual and tariff references in specified Customs and Central Excise exemption notifications: it clarifies dimensional description by specifying diameter, inserts an accurate notification heading and introductory clause for one Customs entry, corrects multiple tariff heading citations to the proper heading, revises a stated percentage rate, and deletes an erroneously listed tariff subheading. Each amendment identifies the affected notification and the exact replacement language at the indicated page and line.