EEFC account requirement: accounts must be opened and maintained in the form prescribed by the Reserve Bank.
The EEFC account referred to in Regulation 4 must be opened, held and maintained only in the form specified by directions issued by the Reserve Bank; the substituted proviso makes adherence to such regulatory directions a prerequisite for EEFC accounts under Regulation 9, effective from the 6th day of October, 2007.

Bonus on Post Office Monthly Income Account deposits: bonus payable for new accounts upon pass book production and written application.
A proviso is inserted to provide that a bonus equal to a specified percentage of the amount deposited shall be paid on deposits made in new Monthly Income Account accounts opened on or after the notification date, payable on production of the pass book accompanied by a written application (withdrawal form).

Post Office Monthly Income Accounts: new accounts opened on/after 8 Dec 2007 receive a 5% bonus on deposits.
Amendment inserts a proviso to rule 9(1) of the Post Office (Monthly Income Account) Rules, 1987 providing that a bonus equal to five per cent of the amount deposited shall be paid on deposits made in new accounts opened on or after 8 December 2007, upon production of the pass-book accompanied by a written application (withdrawal form).

Special Economic Zone designation for handicraft enables notified development and operation under the SEZ regulatory framework.
Notification designates land at Jaipur Highway, Village Kaparda, Jodhpur as a sector specific Special Economic Zone for Handicraft under the Special Economic Zones Act and Rules, following grant of a letter of approval; it lists the promoter as a private development corporation and specifies the survey numbers and areas totaling 130.689 hectares as the notified SEZ.

Special Economic Zone designation enables development and operation of a sector-specific IT and ITES zone after statutory approval.
Notification designates a sector-specific Special Economic Zone for information technology and information technology enabled services at Gopanapally and Vattinagulapally villages following a proposal by M/s. Wipro Limited and satisfaction of statutory requirements under the Special Economic Zones Act, 2005. The Central Government granted a letter of approval under Section 3 and, invoking Section 4(1) of the Act and Rule 8 of the SEZ Rules, 2006, formally notifies two survey parcels (124/P and 132/P) totaling 40.88 hectares as the SEZ.

Export prohibition exemption for non-basmati rice enabling authorized export to Bangladesh under specified international tender.
The prohibition on export of non-basmati rice shall not apply to the export of a designated quantity of rice to the People's Republic of Bangladesh by M/s LMJ International Limited against the ordered quantity pursuant to the international tender opened by the Government of Bangladesh on 08.10.2007.

Special Economic Zone notification for IT and electronic hardware designates specified land parcels for development, later rescinded.
Notification establishes a sector-specific Special Economic Zone for information technology and electronic hardware at Santhavelore B, Chittur village proposed by M/s. Foxconn India Developer Private Ltd; the Central Government, having satisfied statutory preconditions and issued a letter of approval, notifies specific survey-numbered land parcels aggregating the SEZ area, and the original notification was later rescinded by a subsequent notification.

Special Economic Zone notification designates New Town Kolkata land for IT/ITES development under SEZ Act, developer approved.
Central Government notification under Section 4(1) of the Special Economic Zones Act, 2005 and rule 8 of the SEZ Rules, 2006 designates Plot No. III-F/1, Action Area-III, New Town, Kolkata as a Special Economic Zone for information technology and information technology enabled services, following satisfaction of Section 3 requirements and issuance of a letter of approval to the developer, with a recorded change of developer name to Bengal Shapoorji Developers Pvt. Limited.

Drawback amendment revises tariff descriptions and drawback rates for lamps, aluminium artware, and textile goods, effective retrospectively.
Amendment to Notification No.68/2007-Customs(N.T.) effective 1 April 2007 substitutes Schedule entries: Chapter 94's tariff items for lamps and lighting fittings are replaced with specified subitems and corresponding unit and drawback particulars; Chapter 76's column 2 entry for tariff item 761601 is changed to Aluminium Artware/Handicrafts; Chapter 57's column 2 entries for tariff items 570201, 570202 and 570203 are revised to "of wool or fine animal hair", "of silk" and "of man made fibres" respectively.

Drawback amendment: insertion of a tariff item for zinc oxide (100% purity) prescribing specified drawback treatment.
The notification amends the Schedule to Notification No.68/2007-Customs (N.T.) by inserting tariff item 2817001003 in chapter 28 for Zinc Oxide (100% purity) measured in kilograms and prescribing the applicable drawback rates as specified, issued under the powers conferred by the Customs Act, Central Excise Act and Finance Act read with the Drawback Rules.

Special Economic Zone designation confirms Dundahera as IT/ITES SEZ under SEZ Act, enabling development and operation.
Notification designates a specified area at Village Dundahera, District Gurgaon, Haryana as a sector-specific Special Economic Zone for information technology and information technology enabled services. The Central Government, satisfied that statutory prerequisites and approval conditions were met for a proposal by M/s. Gurgaon Infospace Limited, formally notifies the listed land parcels as an SEZ, with the schedule of survey entries totaling 11.2021 hectares.

Special Economic Zone designation for information technology services under SEZ Act; developer and land parcels formally notified.
Designation of a Special Economic Zone for information technology and information technology enabled services at Village Bhondsi is notified under Section 4(1) of the SEZ Act and Rule 8 of the SEZ Rules. The Central Government records grant of a letter of approval under Section 3(10) after satisfaction of Section 3(8) requirements and notes approval for change of developer name to M/s. GHI Finlease and Investments Limited. The notification lists the survey numbers and parcel areas comprising the SEZ, with a total area of 13.309 hectares.

Tariff value fixation updated for specified imported commodities, substituting a new valuation table and superseding prior notification.
The Board, exercising powers under the Customs Act, issues Notification No.116/2007-Cus (N.T.), superseding Notification No.114/2007, and substitutes the Table in Notification No.36/2001-Cus (N.T.) to prescribe tariff values in US dollars per metric tonne for specified goods including palm oil and palmolein variants, crude soyabean oil, brass scrap (all grades) and poppy seeds, thereby establishing benchmark values for customs valuation and import assessment.

Import controls on CWC scheduled chemicals require prior permission for Schedule 1 and mandatory post import notifications for others.
The amendment integrates Chemical Weapons Convention schedules into Schedule I (Imports) of the ITC(HS), restricting Schedule 1 chemicals to imports only with prior permission from the National Authority under the Chemical Weapons Convention Act, 2000, permitting Schedule 2 imports only from State Parties and requiring importers to notify specified national authorities and submit a bill of entry within 30 days, and allowing Schedule 3 imports from all countries subject to the same 30 day post import notification and bill of entry requirement.

Control of income-tax authorities: notification designates subordinate officers within administrative hierarchy for large taxpayer unit
The Central Board of Direct Taxes, exercising section 118, notifies that specified income-tax authorities listed in the Schedule are subordinate to the authority indicated in column (2), identifying the Chief Commissioner (Large Taxpayer Unit) as superior and particular Commissioners as subordinate; the notification takes effect from publication in the Official Gazette and is noted as later rescinded by a subsequent notification.

Delegation of statutory powers: Chief Commissioner (Large Taxpayer Unit) authorised to exercise functions of the Commissioner for LTU jurisdiction.
The Central Board of Direct Taxes directs a delegation of powers under section 120(1) and (2) of the Income-tax Act, authorising the Chief Commissioner (Large Taxpayer Unit) Chennai to exercise the powers and perform the functions of the Commissioner of Income Tax (Large Taxpayer Unit) Chennai for the territorial area, persons, incomes or cases specified in the Schedule; the notification takes effect from its publication in the Official Gazette.

Jurisdiction extension for Large Taxpayer Unit enabling delegated exercise of statutory powers for specified taxpayers.
The Commissioner of Income-tax (Large Taxpayer Unit) Chennai is empowered to exercise the powers under the Income-tax Act, including Chapter XVII-B and Chapter XVII-BB, for classes of cases and persons specified in the Schedule where consent for the LTU scheme is given and prescribed payment conditions are met; the Commissioner may delegate those powers in writing to Additional or Joint Commissioners, who may further delegate in writing to Assessing Officers, in respect of the specified cases or persons.

Appointment of Income-tax Authority: Chief Commissioner (Large Taxpayer Unit) Chennai designated to exercise Chief Commissioner powers as Income-tax Authority.
The Central Government, under section 117 of the Income-tax Act, directs that the Chief Commissioner (Large Taxpayer Unit) Chennai shall act as the Income-tax authority with the powers of the Chief Commissioner of Income-tax, with headquarters at Chennai and jurisdiction to be specified under the statutory allocation mechanism, effective from publication in the Official Gazette.

Anti dumping duty on Ceftriaxone imports from China with producer specific rates and prescribed effective period.
Provisional anti dumping duty imposed on Ceftriaxone Sodium Sterile imports from the People's Republic of China following designated authority findings of dumping, substantial dumping margins, and material injury to the domestic industry. The notification prescribes tariff classifications, lists producer and exporter specific duty rates per kilogram in foreign currency and a residual rate for other combinations, and applies to goods originating in or exported from China. The duty is payable in Indian currency and effective up to and inclusive of 29 May 2008, with conversion to Indian currency using the exchange rate published by the Ministry of Finance as of the bill of entry date.

Amendment of notified port list expands specified locations in DEPB related customs notifications, effective on Gazette publication.
Directive amending prior customs notifications by substituting the words "Amritsar Rail Cargo, Attari Road, Hilli, Ghojadanga and Changrabandha" in place of "Amritsar Rail Cargo and Attari Road" (and where applicable substituting "Porbander, Dharamtar and Vadinar" for "Porbander and Vadinar") in condition (iv) of the listed notifications; amendments take effect on publication in the Official Gazette.