Reconstitution of Chief Commissioners Panel adds Mumbai Large Taxpayers Unit and Mumbai IV commissioners to the review panel.
Amendment to Notification No. 6/2007-Central Excise (N.T.) inserts a new table entry adding the Commissioner of Central Excise and Service Tax, Large Tax Payers Unit, Mumbai and the Commissioner of Central Excise, Mumbai IV to the constituted review committee, with the designated area of jurisdiction being the Commissioner of Central Excise and Service Tax (Appeals), Large Tax Payers Unit, Mumbai.

Reconstitution of Chief Commissioners Panel adds Mumbai review committee for review cases with administrative oversight under Central Excise framework.
The Central Board of Excise and Customs, exercising powers under sub-section (1B) of section 35B of the Central Excise Act, amends Notification No. 5/2007-Central Excise (N.T.) by inserting a new Table entry adding a committee for review cases composed of the Chief Commissioner of Income-tax, Large Tax Payers Unit, Mumbai; the Chief Commissioner of Central Excise, Mumbai Zone-I; and the Commissioner of Central Excise and Service Tax, Large Tax Payers Unit, Mumbai.

Export of cement: limited exemption permits specified shipments to Maldives under a bilateral project, subject to HS and port conditions.
The ITC(HS) Schedule entry for tariff heading 2523 and subheadings is amended to show Free export status for the listed HS codes, while a specific exemption allows M/s IDEB Projects (P) Limited to export cement from Tuticorin Port to the Maldives for a bilateral construction project in prescribed quantities and schedule, subject to compliance with specified cement standards.

Approval Committee constituted for IT/ITES Special Economic Zone approvals, specifying ex officio membership and developer representation.
Constitutes an Approval Committee for the IT and IT enabled services Special Economic Zone at Jawahrnagar developed by M/s. Genpact India Business Processing Private Limited to process matters under the SEZ Act. The committee is chaired by the Development Commissioner, Visakhapatnam SEZ, and comprises specified ex officio central and state officials, including commerce, foreign trade, customs/central excise, income tax, and banking representatives, with two state nominated officers as members and a developer representative as a special invitee.

Special Economic Zone notification establishes sector-specific IT and ITES SEZ at Jawaharnagar after statutory approval.
Notification designates a sector-specific Special Economic Zone for information technology and information technology enabled services at Jawaharnagar Village, Shameerpet Mandal, Ranga Reddy District, Hyderabad under Section 4(1) of the Special Economic Zones Act, 2005 and rule 8 of the SEZ Rules, 2006, noting that M/s. Genpact India Business Processing Private Limited proposed the SEZ under Section 3, satisfied Section 3(8) requirements, and received a letter of approval under Section 3(10) for development, operation and maintenance; the notified area is specified by village, survey number and area.

Deemed Inland Container Depot status granted for an IT/ITES Special Economic Zone enabling customs treatment under the Customs Act.
The Central Government appoints the information technology/information technology enabled services Special Economic Zone at Information Technology Plot No. II-F/3, Action Area - II, New Town, Kolkata, West Bengal, developed by M/s. Tata Consultancy Services Limited, as deemed to be an Inland Container Depot for the purposes of the Customs Act, thereby conferring the customs status and treatment applicable to Inland Container Depots on that SEZ.

Approval Committee for IT/ITES SEZ established by central government notification under Section 13; lists ex officio members and developer representative.
Constitutes an Approval Committee for the IT/ITES Special Economic Zone at New Town, Kolkata under the Special Economic Zones Act, establishing the committee as the statutory decision making body for the SEZ developed by M/s. Tata Consultancy Services Limited. The notification lists the Development Commissioner as Chairperson (ex officio), specified ex officio central government members and territorial tax and customs officials (or their nominees), two state nominated senior officers, and a developer representative as a special invitee.

Special Economic Zone notification for IT and IT enabled services enabling approved development and operation at New Town Kolkata
Notification under the Special Economic Zones Act, 2005 designates 16.19 hectares at Information Technology Plot No. II-F/3, Action Area II, New Town, Kolkata as a sector specific Special Economic Zone for information technology and information technology enabled services, following Central Government satisfaction with Section 3(8) requirements and grant of letter of approval under Section 3(10); notification effected under Section 4(1) and Rule 8 of the Special Economic Zones Rules, 2006.

Charitable exemption approval under section 10(23C): society approved for tax-exempt status subject to compliance from notified assessment year.
The Chief Commissioner of Income-tax, Jaipur, approved Bethany Indian Development Society, Jaipur, for the purposes of the charitable-exemption provisions of the Income-tax Act for the notified assessment year and onwards, provided the society continues to conform to and comply with the eligibility sub-clauses and the rule-based conditions applicable to organisations claiming exemption under the relevant income-tax framework.

Inland Container Depot designation declares an IT/ITES SEZ to be treated as an inland container depot under customs regime.
Central Government notification deems the information technology and information technology enabled services Special Economic Zone at Jawaharnagar Village, Shameerpet Mandal, Ranga Reddy District, Hyderabad, developed by M/s. Genpact India Business Processing Private Limited, to be an Inland Container Depot, thereby subjecting the SEZ to the customs regime and operational recognition applicable to inland container depots.

Securitised debt listing rules create a regulatory framework for issue, listing and participant obligations in securitisation.
Establishes a regulatory framework for Securitised Debt Instruments and Security Receipts, promulgated under powers of the Securities Contracts (Regulation) Act and the Securities and Exchange Board of India Act, authorising SEBI to prescribe conditions for issue, listing procedures, and obligations of market participants involved in securitisation transactions.

Intermediary regulation establishes a statutory framework for registration, conduct standards, and oversight of market intermediaries.
The Board promulgated the Intermediaries Regulations, 2008 under its statutory power to prescribe conditions for registration, standards of professional conduct, and supervisory mechanisms for entities and persons acting as intermediaries in the securities market, establishing eligibility criteria, ongoing compliance obligations, and enforcement powers to monitor and discipline intermediaries.

Letter card specifications updated to expand weight allowance and prescribe dimensions, flap rules, paper grade and manufacture conditions.
Amendment to rule 10-A revises inland letter card standards by increasing the permissible weight, prescribing specific unfolded and folded dimensional requirements and detailed flap specifications, and imposing a minimum paper quality of 70 GSM. Privately manufactured letter cards are allowed if they are suitably folded and closed on all sides by gumming or any other effective process and comply with the prescribed dimensions, weight and material conditions. The amendment takes effect on publication in the Official Gazette.

Customs duty amendment: goods under tariff heading 1207 91 00 now subject to a specified basic customs duty rate.
The notification inserts a new Table entry, serial 23A, covering tariff heading 1207 91 00 and specifying the applicable basic customs duty rate for "All goods" under that heading, thereby amending Notification No. 21/2002-Customs by adding the stated entry to the principal Table.

Jurisdiction of Chief Commissioner assigned to exercise powers of Commissioner for Large Taxpayer Unit in Delhi.
The Chief Commissioner (Large Taxpayer Unit), headquartered in Delhi, is directed under section 120 to exercise the powers and perform the functions of the Commissioner of Income tax (Large Taxpayer Unit) Delhi in respect of the territorial areas, persons, incomes or cases within that Commissioner's jurisdiction; the notification is effective from its publication in the Official Gazette.

Jurisdiction of Income-tax authorities: notification establishes subordinate relationships among Large Taxpayer Unit Delhi authorities from publication.
Notification directs that specified Income-tax authorities within the Large Taxpayer Unit, Delhi, are subordinate to the income-tax authority named as their superior; the Schedule designates the Chief Commissioner (Large Taxpayer Unit) Delhi as superior to the Commissioner of Income-tax (Large Taxpayer Unit) Delhi and the Commissioner of Income-tax (Appeals) (Large Taxpayer Unit) Delhi, and the notification is effective from its publication in the Official Gazette.

Jurisdiction of Large Taxpayer Unit: centralized LTU assessment for taxpayers meeting specified payment thresholds after opting in.
The notification vests the Commissioner of Income-tax (Large Taxpayer Unit) Delhi with jurisdiction and all powers under the Income-tax Act, including Chapters XVII-B and XVII-BB, over cases assigned under section 127 where taxpayers have consented to the LTU scheme and meet the Schedule's payment thresholds; it authorizes written delegation to Additional or Joint Commissioners and further sub-delegation to Assessing Officers, and comes into force upon Gazette publication.

Raw hides and skins may be imported into India until 30 June 2008 against an authorised no objection certificate.
The amendment inserts a proviso permitting importation into India, until 30 June 2008, of raw hides and skins of bovine, equine, sheep, goat and swine, preserved in various states but not tanned, parchment dressed or further prepared, whether de-haired or split, against production of a no objection certificate from the officer-in-charge of Animal Quarantine and Certification Services at specified ports or any other duly authorised veterinary officer after inspection.

Monthly return requirements for export oriented units: standardized reporting of production, clearances, inputs, CENVAT and duty payments.
Form E.R.-2 prescribes a standardized monthly return for hundred percent export oriented units to report manufacture, clearances (DTA, deemed and physical exports), receipt and consumption of duty free indigenous and imported inputs and capital goods, CENVAT credit taken and utilized, and duty payments (cash and CENVAT) with challan details; it sets valuation rules, quantity codes, reporting thresholds for major inputs, treatment of exports under bond/LOU, and detailed tables for duty computation and reconciliation.

CENVAT credit payment: duty discharge clarified and officer scrutiny plus mandatory document production required after returns.
The amendment revises the duty payment mechanism to require payment by utilizing CENVAT credit or by crediting the duty payable to the Central Government in the manner specified in rule 8. It empowers the proper officer to scrutinise the correctness of duty declared in the return and to make further enquiries as necessary, and requires every assessee to make available all documents and records for verification when requested.