Valuation correction: service tax determination rules amend an example amount in prior notification to rectify a typographical error.
Corrigendum amends Example I of Notification No. 2/2011-Service Tax (dated 1 March 2011) by substituting the previously published monetary figure with the corrected figure, rectifying a typographical error in the illustrative example used for valuation of foreign currency and related service tax valuation guidance.

House Rent Allowance entitlement clarifies accommodation eligibility for Chairperson and Members of the Adjudicating Authority under rules.
Chairperson and Members of the Adjudicating Authority are not eligible for allotment of General Pool residential accommodation but may draw House Rent Allowance at rates admissible to Central Government officers of equivalent pay; however, if an appointee is already occupying eligible government accommodation, they may retain it from the date of joining the Adjudicating Authority.

Scientific research exemption: approval granted to institute subject to conditions on utilisation, accounts, audit and reporting.
The Karnataka State Sericulture Research and Development Institute is approved as an Institution under clause (ii) of sub-section (1) of section 35, read with Rules 5C and 5E, from 1-4-2003, subject to conditions: funds must be used for scientific research carried out by faculty or enrolled students; separate books of account for research receipts and expenditure must be maintained and audited by a qualified accountant with the audit report furnished to the tax authorities by the return due date; and a certified statement of donations received and sums applied to research must accompany the audit report. Approval may be withdrawn for failures to comply or if research is not genuine.

Part-time member appointment: Secretary of Corporate Affairs named to the securities regulator under the Act, effective immediately.
The Central Government, pursuant to provisions of the Securities and Exchange Board of India Act, appoints Shri D.K. Mittal, Secretary, Ministry of Corporate Affairs, as a Part Time Member of the securities regulator to fill the vacancy caused by the former member; the appointment is effective immediately and continues until further orders.

Anti-dumping duty on glass fibre imports from China PR imposed with specified exporter rates and a defined levy period.
The Central Government imposes anti-dumping duty on glass fibre imports under heading 7019 originating in or exported from China PR, based on findings of export below normal value, material injury to domestic industry, and causation by dumped imports. Duty is calculated as the CIF-percentage specified in the notification's Table for named producers/exporters and residual categories. An explanation delimits the product scope and lists specific exclusions. The duty is payable in Indian currency for a five-year period from provisional imposition and conversion uses the exchange rate notified under the Customs Act with the bill-of-entry date as the relevant date.

Anti-dumping duty continuation extended for PTFE imports from China by substituting the review expiry date, sustaining the duty regime.
The Central Government amends Notification No. 42/2010 Customs to extend the continuation of anti dumping duty on imports of Polytetrafluoroethylene (PTFE) originating in or exported from the People's Republic of China by substituting the date in paragraph 2 of the principal notification with a new expiry date, implementing the designated authority's review recommendation under the Customs Tariff Act and related rules.

Anti-dumping duty on MBTS imports extended to remain in force until 25 July 2011 under continuation review.
The Central Government amends the principal anti-dumping notification on Certain Rubber Chemicals (MBTS) from the People's Republic of China to continue the anti-dumping duty on goods classified under tariff items 2925 20, 2934 20 or 3812. Following a continuation review and recommendation by the designated authority, a new paragraph is inserted specifying that the notification shall remain in force up to and inclusive of 25 July 2011, unless earlier revoked, pursuant to the statutory continuation mechanism and applicable anti-dumping rules.

Indian Accounting Standards adoption: phased application to specified classes of companies under amended accounting rules.
The amendment prescribes Indian Accounting Standards (Ind AS) in a new Annexure A, requires specified classes of companies (including large listed, cross listed and high net worth entities, and specified banking, insurance and NBFC categories) to adopt Ind AS on a phased basis, and separates application regimes for Annexure A and Annexure B standards. Annexure A reproduces substantive Ind AS provisions such as inventory measurement at the lower of cost and net realisable value, cash flow statement classification and methods, rules on accounting policy changes, events after the reporting period, government grants, and foreign exchange translation, with corresponding disclosure obligations.

Corrigendum to customs notification corrects tariff reference numbers in exemption notification, substituting specified table entries.
Corrigendum amends notification No. 21/2011 Customs by correcting specified tariff reference identifiers: "491" is to be read as "491B" in item II(xxxiv), and in the Table column (1) "491A" is to be read as "491C", effecting official textual replacements in the published notification.

Exemption for vaccines under National Immunisation Program extended to specified tariff headings by notification amendment, duty nil.
The Central Government inserts a new serial entry into Notification No.4/2006 Central Excise exempting vaccines specified under the National Immunisation Program, identified by designated tariff headings, by declaring the rate of duty as nil and thereby adding them to the Table of miscellaneous exemptions under the principal notification.

Special Economic Zone designation for IT/ITES at Kakkanad triggers SEZ governance and customs depot status for the site.
Notification establishes a sector-specific Special Economic Zone for information technology and IT-enabled services at Kakkanad, Ernakulam, Kerala, listing surveyed land parcels forming the zone and aggregating to a total area. It records prior grant of developer approval to M/s. Smart City (Kochi) Infrastructure Private Limited and, exercising powers under the SEZ Act and Rules, constitutes an Approval Committee with specified ex officio members and a developer representative as special invitee to perform functions under the Act, and declares the SEZ to be deemed an Inland Container Depot for customs purposes.

Special Economic Zone expansion: additional land included into IT/ITES SEZ at Bellandur under SEZ Act notification.
Central Government notification under the SEZ Act and SEZ Rules adds additional land to the sector-specific IT/ITES SEZ at Bellandur, Karnataka, specifying the survey parcels and their areas that constitute the newly included land and recording the resultant aggregate notified area of the SEZ.

Special Economic Zone notification: revised survey allocations keep pharmaceutical SEZ area intact, implementing statutory powers.
Notification under the Special Economic Zones Act and Rules revises survey-number allocations for a sector specific Special Economic Zone for the pharmaceutical sector at Krushnoor, Maharashtra. The Central Government accepted the developer's proposal to change certain survey numbers and include new ones, confirming that procedural requirements are met and that the resultant area remains 150 hectares; the notification lists previous and revised survey numbers and areas.

Special Economic Zone designation for IT/ITES at Bans Hariya establishes notified zone, Approval Committee and inland container depot status.
Special Economic Zone for information technology and information technology enabled services at Village Bans Hariya, District Gurgaon is notified following grant of a letter of approval to a private developer. The notification lists surveyed parcels totaling 26.56019 hectares, establishes an Approval Committee comprising specified ex officio members and a developer representative, and declares the zone to be deemed an inland container depot under the Customs Act.

Declaration requirement for excise refunds: recipient and supplier declarations now mandatory for TED and deemed export drawback claims.
Applicants seeking refund of Terminal Excise Duty must submit a declaration from the recipient in Annexure II of ANF 8 confirming no CENVAT credit/rebate was availed; applicants seeking deemed export drawback on Central Excise duty must submit a declaration from the supplier in Annexure III of ANF 8 confirming no CENVAT credit/rebate was availed by the supplier; supplies remain eligible for deemed export drawback on customs duty paid on inputs/components.

Minimum Export Price for onions imposed, changing export valuation and restricting shipments under DGFT policy.
The DGFT notification imposes a Minimum Export Price (MEP) for onions (excluding Bangalore Rose Onions and Krishnapuram), establishing an FOB price floor for exports, replacing prior MEP levels and leaving subsequent adjustments to DGFT notifications; it operates immediately under the Foreign Trade Policy as an export-control mechanism to regulate export valuation and permissibility.

Export duty exemptions for listed goods: duty capped at specified rates per the Customs Tariff Table.
The Central Government, invoking section 25(1) of the Customs Act, 1962, exempts listed goods from export duty to the extent the duty exceeds the amount calculated at the rate specified in the annexed Table, with the Table assigning Nil or specified percentage rates to particular tariff items and with multiple subsequent amendments noted that modify entries, exclusions and rates.

Customs exemption for artworks imported for public exhibition requires museum ownership, exhibition-use undertaking, culture ministry certificate, and ASI registration.
Exempts works of art and certain antiquities imported for public exhibition from customs duty and integrated tax where the importing museum or gallery is the purchaser or owner, the importer submits an undertaking prohibiting sale or trade of the imported goods (with duty liability on breach), the importer produces a Ministry of Culture certificate confirming public access and museum/gallery premises, and antiquities are registered with the Archaeological Survey of India within ninety days of importation.

Packaged software exempt from MRP-based duty when retail price declaration not required; importer must declare consideration and be registered.
Packaged or canned off-the-shelf software is exempted from the portion of MRP-based additional duty that corresponds to the consideration for transfer of the right to use the software when no retail sale price declaration is required under the Legal Metrology Act, 2009 or other law. The exemption requires the importer to declare the consideration to the Deputy or Assistant Commissioner of Customs and to be registered under section 69 of the Finance Act read with rule 4 of the Service Tax Rules.

Customs exemption for gold and silver content in copper concentrates reduces duty base, subject to assay certificate.
Exempts copper concentrates under tariff item 2603 00 00 from customs duty to the extent of the value of gold and silver contained, provided the importer furnishes an assay certificate from the mining company specifying those values; the deduction applies for computing basic customs duty while the full invoice value is retained for levy of additional customs duties.