Exemption from Social Welfare Surcharge: specified goods' HS codes amended to align with the Finance Act, effective May.
Exemption from the whole levy of Social Welfare Surcharge is preserved by substituting HS codes in Notification No. 11/2018 Customs: 6204 44 00 6204 44 10, 6204 44 90 and 6211 43 00 6211 43 10, 6211 43 90, aligning tariff entries with the Finance Act, 2022; effective 1 May 2022 under Notification No. 24/2022 Customs.

HS code alignment updates customs notifications, revising tariff classifications and exemption entries to reflect recent legislative changes.
Amendments substitute, insert and omit specified HS code entries in the TABLES and APPENDIX of multiple customs exemption notifications to align those notifications with the Finance Act, 2022; the directions identify affected serial numbers and prescribe exact textual changes to column entries, descriptions and concessional rates where applicable, coming into force on the stated commencement date.

Preferential customs duty exemptions under India-UAE CEPA apply to specified goods, subject to origin proof and tariff quota conditions.
Customs duty exemptions are granted to specified goods imported into India from the United Arab Emirates to give effect to the first tranche of the India-UAE CEPA. Listed goods in Table I receive exemption from customs duty above prescribed rates, while goods in Table II receive exemption from customs duty above prescribed rates and, where applicable, from Agriculture Infrastructure and Development Cess above specified rates. Table III goods receive tariff rate quota treatment at in-quota duty and cess rates, subject to annexure conditions and proof of United Arab Emirates origin under the notified rules of origin.

Updated return procedure under section 139(8A): ITR-U enables filing and verification to revise income within prescribed period.
The amendment inserts Rule 12AC establishing the ITR-U as the mechanism for eligible taxpayers to furnish an updated return under section 139(8A), prescribing eligibility conditions, reasons for updating, filing modes (digital signature or electronic verification code), required form fields and computations for additional income, and vesting the Principal Director General/Director General of Income tax (Systems) with responsibility for procedures, formats, security, archival and retrieval standards for electronic submission and verification.

Exchange rate adjustment for South African Rand: revised import and export conversion rates take effect under customs notification.
Pursuant to section 14 of the Customs Act, 1962, Notification No.38/2022 substitutes serial No.15 in Schedule I of Notification No.34/2022-CUSTOMS (N.T.) to prescribe the rupee exchange rates for one unit of the South African Rand for imported goods and for exported goods; the amendment is effective from 30th April, 2022 and updates the Schedule I entries used for customs valuation.

Tariff valuation update: fixed USD values prescribed for specified imports including oils, metals and precious metals.
The Central Board of Indirect Taxes & Customs amends the non tariff notification by substituting Tables establishing fixed tariff values in USD for specified imports - edible oils, brass scrap, areca nut, and specified forms of gold and silver - with units of valuation indicated and explanatory notes delimiting certain silver and gold entries; the substituted tables replace the prior tables and take effect from the stated commencement date.

Import restriction imposed on specified precious metal HS codes, changing their import status from free to restricted immediately.
Import policy for ITC(HS) codes 71123000, 71129100, 71129200, 71129910, 71129920 and 71129990 under Chapter 71 of ITC (HS), 2022 has been amended: the import classification for these precious-metal items is changed from Free to Restricted with immediate effect under powers conferred by the Foreign Trade (D&R) Act, 1992 and the Foreign Trade Policy.

Regulatory applicability clarification: amendment rules apply to liquidations commencing after their commencement; prior processes follow earlier requirements.
Amendment inserts Explanations after regulations 2A, 21A and 31A clarifying that those regulations' requirements apply to liquidation processes commencing on or after the commencement of the 2019 amendment regulations, and inserts an Explanation after regulation 44 providing that for liquidation processes commenced prior to the 2019 commencement, the pre 2019 requirements of regulation 44 shall continue to apply; the 2022 regulations take effect on publication.

Name correction in anti-dumping notification updates exporter designation in the customs schedule to 'Co., Ltd.'.
Corrigendum to Notification No. 68/2021-Customs (ADD) amends the Table entry at Sl. No. 4, column (6), replacing "Granges Aluminium (Shanghai) Ltd." with "Granges Aluminium (Shanghai) Co., Ltd.", thereby correcting the listed exporter name in the anti-dumping notification.

Threshold reduction for GST registration narrows taxable turnover threshold, effective April first, 2022, altering prior notification.
Exercising powers under sub-rule (4) of rule 48 of the Assam Goods and Services Tax Rules, 2017, the Government substitutes the words "fifty crore rupees" with "twenty crore rupees" in the first paragraph of Notification No. FTX. 56/2017/Pt-II/545 dated 22nd May, 2020, with effect from the 1st day of April, 2022, and declares the notification deemed issued on the 24th day of February, 2022.

Tax exemption for specified income: Tamilnadu Construction Workers Welfare Board exempted for contributions, fees and interest subject to conditions.
Notification under section 10(46) exempts specified receipts of the Tamilnadu Construction Workers Welfare Board - contributions to a workers' welfare Fund, fee collections, and interest on those amounts - subject to conditions that the Board shall not undertake commercial activity, that activities and the nature of specified income remain unchanged across financial years, and that the Board files income tax returns in accordance with the applicable return filing provision. The notification is given deemed retrospective application for a defined multi year period and includes a certification that no person is adversely affected by retrospective effect.

Exchange rate amendment for Norwegian kroner updates import and export conversion rates for customs valuation and compliance.
Amendment to Notification No.34/2022 substitutes serial No.10 in Schedule-I to set the Exchange Rate for one unit of Norwegian Kroner at 8.35 rupees for imported goods and 8.05 rupees for exported goods, effective from 29th April, 2022, under statutory powers of the Customs Act.

Anti-dumping duty on DCC imports from China PR is imposed for five years under specified tariff classifications.
Anti-dumping duty is imposed on imports of N, N'-Dicyclohexyl Carbodiimide (DCC), also known as Dicyclohexylcarbodiimide or 1,3-Dicyclohexylcarbodiimide, falling under specified tariff items, when originating in or exported from China PR and imported into India. The notification applies different duty rates based on origin, export country, and producer, and the duty is levied for five years from publication unless revoked, superseded, or amended earlier.

Countervailing duty imposed on imported copper tubes and pipes from Malaysia, Thailand and Vietnam to offset subsidies.
Countervailing duty is imposed on specified tariff items of Copper Tubes and Pipes from Malaysia, Thailand and Vietnam after findings of subsidized exports causing material injury. The notification prescribes producer specific and residual duty rates by country of origin and export, excludes internally grooved tubes, and makes duties payable in Indian currency for five years. Exchange rates follow Customs Act notifications and CIF value means the assessable value determined under the Customs Act.

Effective date of ICDR amendments phased by issue size; smaller public offers effective from April, larger offers from July.
Certain amendments to the Issue of Capital and Disclosure Requirements Regulations, 2018 are commenced by notification and come into force on publication in the Official Gazette. Specific amendments to sub regulation (3A) of regulation 32, regulation 49, regulation 129, regulation 145, parts of Schedule XIII Part A and Schedule XIV are subject to a phased commencement: they apply to public issues below the specified size threshold opening on or after April 1, 2022, with effect from April 1, 2022, and to public issues at or above the threshold opening on or after April 1, 2022, with effect from July 1, 2022.

Exemption for RBI security charges: amendment excludes charges by banking companies in favour of the Reserve Bank when created for statutory lending.
The amendment inserts a provision excluding from the Companies (Registration of Charges) Rules any charge created or modified by a banking company in favour of the Reserve Bank of India when the charge arises from a loan or advance made under the Reserve Bank of India Act; the Rules are titled and commence on publication in the Official Gazette.

Notification of specified countries under Section 47 Explanation clarifies which jurisdictions apply to disposal-related tax provisions.
Notification under the Explanation to clauses (viiac) and (viiad) of Section 47 of the Income-tax Act designates the enumerated countries and specified territories listed in the Table for the purposes of those clauses. The instrument makes the listed jurisdictions applicable for the statutory disposal-related provisions and declares the notification effective from its publication in the Official Gazette.

Commencement of amendments: sections 4 and 5 of the GST Amendment Act deemed in force from the appointed date.
The Governor, exercising powers under section 1 of the Punjab Goods and Service Tax (Amendment) Act, 2021 and other enabling powers, appointed the 1st day of August, 2021 as the date on which sections 4 and 5 of that Act shall be deemed to have come into force, thereby giving retrospective effect to those amendment provisions.

Commencement of GST amendment provision declared retrospective, appointed under statutory commencement powers by executive notification.
section 6 of the Punjab Goods and Service Tax (Amendment) Act, 2021 is appointed to be brought into force by executive notification; the Governor, exercising powers under sub section (2) of section 1 of the Amendment Act and other enabling provisions, designates a specific past date as the operative commencement date, effectuating statutory commencement through delegated executive authority.

Registration exemption for handicraft inter state suppliers where turnover and central notification conditions are met, with PAN and e way bill duties.
Exemption from registration for specified categories of casual taxable persons making inter State supplies of handicraft and artisan products produced predominantly by hand, subject to availing the benefit of the referenced central notification and the aggregate turnover threshold that triggers mandatory registration; covered products are listed with HSN groupings. Exempt persons must obtain a Permanent Account Number and generate an e way bill as required by the rules; the notification supersedes an earlier state notification and is effective from the operative date of the central notification.