Tax-exemption approval under section 10(23G) renewed for specified power plant, subject to compliance and audit requirements.
Renewal of approval under section 10(23G) read with rule 2E is granted to M/s LVS Power Limited for its specified power plant, conditional on conformity with the statutory provisions, maintenance of books of account, obtaining an accountant's audit and furnishing the required audit report; approval may be withdrawn if the undertaking ceases to carry on the eligible business or fails to meet the audit or reporting requirements.

Special Economic Zone notification for Village Sachin defined area for apparel SEZ; designation later de-notified.
Central Government notified a Special Economic Zone for apparel at Village Sachin, Taluka Choryashi, District Surat, Gujarat by notification dated 31-1-2005 following approval on 2-11-2004, specifying constituent block numbers and delimiting the area as 56.64 hectares. The designated SEZ parcels are identified by listed block numbers. The area was subsequently de-notified by Notification No. S.O. 4090 (E) dated 30-09-2021.

Appeal procedure updated to expand tribunal composition, prescribe fees and empower Registrar and temporary Members for hearings.
Amendments define Member, allow Government-authorised Members to preside in the Presiding Officer's temporary absence, provide a 15 day appeal route from Registrar orders to the Presiding Officer or authorised Member, increase copy and quorum requirements, prescribe appeal fee structure by penalty tiers, expand and clarify the Registrar's supervisory and administrative functions under the Presiding Officer or authorised Member, prescribe dress regulations for tribunal participants, and require orders to be signed and dated by the Presiding Officer and two other Members.

Appellate tribunal procedure amended to define members, allow temporary presiding arrangements, expand filing requirements and registrar duties.
Amendments revise Tribunal procedure by defining Member, authorizing Government to designate one of the two other Members to preside temporarily, increasing numeric references where required, prescribing filing formalities and a graded fee schedule for appeals, fixing appeal and Registrar-review timeframes, requiring orders to be signed and dated by the Presiding Officer and two other Members, empowering the Presiding Officer to grant interim orders with reasons, prescribing dress regulations, and substantially expanding the Registrar's functions relating to receipt, scrutiny, amendment, notice, service and record requisition.

Appeal procedure updated: filing sets increased, fee scaled to penalty and judicial dress code prescribed.
The Amendment Rules increase required filing sets under rule 7 from three to five sets, substitute the fees entry in rule 9 to prescribe a base fee plus an additional charge tied to each additional quantum of penalty or fraction thereof subject to a maximum fee cap, and replace rule 17(1) to prescribe specific dress requirements for the Presiding Officer and two other Members, including gender-differentiated attire.

Tax exemption under section 10(23C)(iv) notified for Netaji Research Bureau, subject to compliance, investment limits and reporting.
Tax exemption under clause (23C)(iv) of section 10 is accorded to Netaji Research Bureau, Kolkata for the assessment years specified, subject to conditions requiring exclusive application or accumulation of income for its objects, restricted modes of investment as permitted by law, exclusion of business income unless incidental and separately accounted, regular filing of income-tax returns, and transfer of surplus and assets to a charitable organisation with similar objectives on dissolution.

Tax-exempt status requires exclusive application of income, restricted investments, separate business accounts, and transfer of surplus on dissolution.
The notification recognises the fund as qualifying for tax-exempt charitable status for specified assessment years provided it applies or accumulates income exclusively for its objects, confines investments to legally permitted forms (excluding certain held voluntary contributions), treats business profits as excluded unless incidental and separately accounted for, files returns regularly, and on dissolution transfers surplus and assets to a similarly purposed charitable organisation.

Approval under section 35(1)(ii) recognizes NABL as an Institution; requires separate research accounts and annual reporting.
Approval is granted to the National Accredition Board for Testing & Caliberation Laboratories as an Institution under the income tax provision for scientific research for the period 2.9.2000 to 31.3.2003, subject to maintaining separate books for research (except associations), furnishing an annual return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited income & expenditure accounts for research to designated tax and DSIR authorities by 31 October, in addition to filing the return of income; renewal applications must be filed in triplicate through tax authorities and sent to the Secretary, DSIR.

Tariff value fixation substitutes the notification table specifying per metric tonne values for listed imported commodities.
The Board, invoking powers under the Customs Act, substitutes the Table in Notification No.36/2001-Cus (N.T.) with a schedule fixing tariff values per metric tonne for specified goods-including crude palm oil, RBD palm oil, other palm oils, crude palmolein, RBD palmolein, other palmoleins, crude soybean oil and brass scrap-while noting where values remain unchanged; the amendment is notified on 31 January 2005 with cross-reference to earlier Gazette publications.

Export quantity revision: Stone aggregate and river sand annual export limits updated for the financial year.
Amendment to Schedule 2 of ITC(HS) Chapter 25 inserts export licensing note (b) to revise annual export quantities for Stone Aggregate and River Sand for the financial year 2005-2006, establishing fixed exportable volumes as an administrative adjustment to the Schedule 2 classification under the Foreign Trade Policy framework.

CENVAT credit eligibility extended to include customs-duty exempt imports supplied under international competitive bidding, altering rule provisions accordingly.
The amendment to the CENVAT Credit Rules, 2004 revises rule 6(6) by substituting wording in item (vi) and inserting item (vii) to provide that all goods exempt from customs duties under the First Schedule to the Customs Tariff Act and the additional import duty, when imported into India and supplied against international competitive bidding in terms of notification No. 6/2002-Central Excise, are covered for the purposes of CENVAT credit.

Tax exemption under section 10(23G) renewed for BOT highway project, conditional on compliance, audit and operation obligations.
Approval is renewed to M/s GMR Tambaram Tindivanam Expressways Pvt. Ltd under section 10(23G) read with rule 2E for the specified BOT highway project from AY 2005-06 to AY 2020-2021, subject to developing, operating and maintaining the facility per the concession agreement and the conditions that the enterprise maintain books, obtain an audit and furnish the audit report; failure to carry on the eligible business or to comply with audit and maintenance requirements will result in withdrawal of approval.

Approval under section 35(1)(iii) recognises research institution status and mandates separate accounts, annual returns and audited filings.
Approval under section 35(1)(iii) recognises M/s Auroville Foundation Bharat Nivas as an institution for research exemption from 1 April 2003 to 31 March 2006, subject to maintaining separate books for research, filing an annual scientific research return to the Secretary, Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited income & expenditure accounts for research to specified tax and scientific authorities by 31 October each year, in addition to the income-tax return; renewal applications must be filed in triplicate through the Commissioner/Director and sent to the Secretary, DSIR.

Research expenditure approval under section 35(1)(iii): requires separate research accounts, annual DSIR return, and audited research accounts submission.
Approval is granted to M/s Auroville Foundation Bharat Nivas as an Institution under clause (iii) of sub-section (1) of section 35 of the Income Tax Act, subject to maintaining separate research accounts (except for Associations), filing an annual return of scientific research activities to the Secretary, DSIR by 31 May, and submitting audited annual accounts and an audited Income & Expenditure Account for research activities to designated tax and DSIR authorities by 31 October each year, in addition to filing the return of income; renewal applications must be submitted in triplicate through tax authorities and directly to the Secretary, DSIR.

Anti-dumping duty rescission after mid-term review finds no dumping and no material injury to domestic industry.
The Central Government rescinds the anti-dumping notification imposing duties on lead acid batteries from Chinese Taipei, Hong Kong and Singapore after the designated authority's mid-term review found no dumping, no material injury to the domestic industry and no likelihood of recurrence of injury; the rescission is exercised under section 9A of the Customs Tariff Act read with the Anti-dumping Rules and preserves prior actions done or omitted before rescission.

Anti-dumping duty reinstated on hexamine imports after cancellation of a price undertaking, with provisional duties reimposed.
Imposition of anti-dumping duty on Hexa Methylene Tetramine (Hexamine) is re-established after cancellation of a previously accepted price undertaking; provisional duties are notified on imports originating in Iran (including those exported via other countries), specified per metric tonne in US dollars but payable in Indian currency, with the rate of exchange for conversion set by Government notification and the relevant date for exchange determination being the bill of entry presentation under the Customs Act.

Exchange rate determination for export goods: specified foreign currencies fixed to Indian rupees under Customs Act provision.
The Board, under section 14(3)(a)(i) of the Customs Act, determines exchange rates for specified foreign currencies into Indian rupees for export valuation, superseding the earlier notification of 28 December 2004; with effect from 1st February, 2005, the rates shown in the appended Schedule I (unit rates) and Schedule II (rate per 100 units for Japanese Yen) are the operative rates for export goods.

Exchange rate determination: revised customs currency conversion rates take effect and govern valuation of imported goods.
Under section 14(3)(a)(i) of the Customs Act, 1962, the Board determines that the rate of exchange for each foreign currency listed in Schedule I and Schedule II shall, with effect from the 1st February, 2005, be the rate specified against it in column (3) of the respective schedule, and this notification supersedes the earlier notification referenced in the text.

Exemption under Section 35AC: Helpage India scheme specified for extended eligibility and amended approved project cost.
The Central Government specifies Helpage India's scheme for medical care to elderly, leprosy and cancer patients, provision of homes, rehabilitation of destitute old women and eye camps as an eligible project under section 35AC for a further three years commencing with financial year 2004-2005, and amends the earlier notification to increase the approved maximum project cost.

Exemption under section 35AC designates approved institutions and capped project deductions for specified financial years.
Approval under Section 35AC designates specific institutions and projects, specifying for each the estimated project cost, any corpus component and the maximum portion of that cost allowable as a deduction; the approvals are time limited to the financial years 2004-05 through 2006-07 and include administrative substitutions to published figures where applicable.