Rescission of anti-dumping duty notification removes prior STPP measure while preserving actions taken before rescission.
The Central Government, exercising powers under the Customs Tariff Act and the anti-dumping rules, rescinds Notification No. 58/2011-Customs which imposed a definitive anti-dumping duty on sodium tripolyphosphate originating in or exported from the People's Republic of China, while preserving the validity of actions done or omitted before the rescission.

Export notification scope now excludes only Bhutan, restoring coverage for shipments to Nepal under amended Central Excise notification.
The notification amends Notification No.21/2004-Central Excise (N.T.) by replacing the phrase "to any country except Nepal and Bhutan" with "to any country except Bhutan", thereby removing Nepal from the list of excluded countries and extending the notification's territorial coverage to include Nepal; the amendment is effective from 1 March 2012.

E-payment designation: Dena Bank authorized to accept VAT deposits subject to remittance, interest, software and e payment requirements.
Dena Bank branches are designated as Government Treasuries for collection of Delhi VAT dues, subject to remittance to the RBI VAT Account within three days or shorter RBI period, interest on delayed remittance at bank rate plus two percent, on-line computerized collection with prescribed software and electronic reporting, mandatory acceptance of payments at any branch irrespective of account relationship, compliance with the Information Technology Act, 2000, and compulsory use of the bank's e-payment portal by registered dealers, liable persons and TAN holders; prior e-payment terms apply and the notification is effective immediately.

Fair valuation principles require asset management companies to compute, publish valuations and compensate investors for inappropriate valuation.
Asset management companies must compute and publish scheme investment valuations per the Eighth Schedule's Principles of Fair Valuation, which require valuations to reflect realizable value, be based on board approved policies and methodologies, include procedures for exceptional events, periodic independent review, documentation of valuation rationales (including inter scheme transfers), disclosure in the Statement of Additional Information and on the website, and measures to address conflicts of interest; AMCs retain ultimate responsibility for true and fair valuation and correct NAV, with permitted deviations subject to board reporting and investor disclosure.

Basmati rice export rules require APEDA registration, quality and packaging conditions, and specified pre-shipment checks.
Amendment sets export of Basmati Rice (HS 1006 30 20) as Free subject to registration of contracts with APEDA; a Minimum Export Price fixed in US dollars; grain length and length-to-breadth ratio requirements; permission to export through all EDI ports; pre-shipment inspection for European Union exports; required pre-shipment quality certification from specified laboratories for exports to the Russian Federation; and restrictions on export of empty printed gunny bags except in limited or justified cases.

Industrial park notification: tax deductions contingent on meeting unit, operation, approval and compliance conditions and transfer rules.
The Central Government notifies M/s. Prasad Technology Park Pvt. Ltd., Bangalore, as an industrial park for tax benefits under clause (iii) of sub-section (4) of section 80-IA, subject to annexed terms: specified location, area, NIC-coded activities, allocable area split, minimum three industrial units, investment particulars and commencement date. Tax incentives require statutory and foreign investment approvals, attainment of the minimum units, continuous operation by the developer, and adherence to project plans; misinformation, duplicate approvals, unauthorized amendments, or missed commencement timelines invalidate approval and may prompt withdrawal or fresh approval requirements.

Exemption from filing returns for certain salaried individuals where tax is fully discharged by employer withholding.
Exemption from furnishing a return applies to individuals with only Salaries and limited Interest from Savings where the individual has reported PAN to the employer, declared the interest income, obtained Form 16 showing income and tax deducted, had the employer deduct and deposit the total tax liability by way of tax deducted at source, has no refund claim, and received salary from only one employer; the exemption is not available where a statutory notice for filing a return has been issued and takes effect from publication in the Official Gazette.

Corrigendum: substitution of wording in customs notification changes the operative text to read after instead of before.
Corrigendum to Notification No. 04/2012 Customs (17 January 2012) effects a ministerial textual amendment in the Gazette by substituting the word "before" with "after" at the specified page and line reference, signed by the Under Secretary to the Government of India.

Double taxation agreement with Tanzania clarifies residence, permanent establishment, withholding limits and mutual relief mechanisms.
Notification under section 90 gives effect in India to the Agreement between India and Tanzania for the avoidance of double taxation and prevention of fiscal evasion, applying to residents of one or both States and to taxes on income; it defines resident and tie breakers, establishes a permanent establishment rule with time thresholds, prescribes source rules for immovable property, business profits attribution, withholding limits for dividends, interest and royalties, capital gains allocation, methods for elimination of double taxation by tax credit/deduction, non discrimination, mutual agreement and exchange of information, assistance in collection, limitation of benefits, and entry into force and termination procedures.

Minimum Export Price for onions lowered for general varieties while specified regional varieties remain subject to a higher MEP.
The Government amends prior FTP notifications to set the Minimum Export Price for all varieties of onions, excluding Bangalore Rose Onions and Krishnapuram Onions, at US$ 125 per metric ton F.O.B., replacing the earlier US$ 150 per metric ton specification for the general category; Bangalore Rose and Krishnapuram Onions remain subject to an MEP of US$ 250 per metric ton.

Fixation of tariff values updates specified palm and soyabean oils, brass scrap, poppy seeds, gold and silver.
Amendment substitutes tables fixing Tariff Values for specified imports under the Customs Act, listing commodity-specific valuation benchmarks for palm oils, palmolein, RBD palm oil, crude soyabean oil, brass scrap and poppy seeds, and prescribing gold and silver valuation benchmarks in the substituted TABLE-2; most oil entries are marked as "no change."

Tax-free bond conditions: mandatory PAN, ten- or fifteen-year tenures, interest linked below government yields, capped commissions.
Authorisation permits Rural Electrification Corporation Limited to issue tax free, secured, redeemable, non convertible bonds by public issue in financial year 2011 12 subject to tenure limits of ten or fifteen years, mandatory PAN for subscribers, interest at least fifty basis points below equivalent Government Security yields with up to twenty basis points extra for retail investors (non transferable except to legal heirs), capped commission and issuance expenses, mandatory registration of holders with the issuer, and public issue requirement; definitions set QIB and retail/HNI thresholds.

Interest exemption on notified bonds: notification substitutes Indian Railway Finance Corporation Ltd. entry with a specified aggregate bond cap.
The Central Government amended the earlier notification under the Income-tax Act to replace the Table entry at serial number 2, identifying Indian Railway Finance Corporation Ltd. and specifying the aggregate amount of bonds admissible for the interest exemption under Section 10(15)(h)(iv), via Notification No. 6/2012 dated 14-2-2012.

Accounting for government loans: historical cost measurement with carrying amount reporting and mandated three part disclosure.
IGAS 3 mandates recognition of loans as assets on actual disbursement, measurement at Historical Cost with subsequent presentation at carrying amount adjusted for disbursements, repayments and write-offs, and extensive three-part disclosure in Annual Finance Accounts showing opening and closing carrying amounts, separate reporting of interest in arrears, loanee group-wise and sector-wise summaries, detailed major/minor head schedules, and additional disclosures on fresh loans, loans in perpetuity and loans with unsettled terms.

Value added tax amendments tighten limitation periods, validate digital signatures and preserve transitional application of prior law.
The amendments modify definitions and procedural timelines, replacing a definitional inclusion with exclusion, shortening specified time limits to the next financial year, and validating digitally signed returns under the Information Technology Act as equivalent to signed returns under the VAT law; they also insert retrospective deeming provisions and a transitional clause preserving the repealed Act and related instruments for matters connected with levy, assessment, credit, exemptions, penalties and other tax processes relating to periods ending before the statutory cut-off.

Special Economic Zone expansion: notified addition of land area and updated survey particulars under SEZ Act provisions.
Under the second proviso to sub section (1) of Section 4 of the Special Economic Zones Act, 2005 and rule 8 of the Special Economic Zone Rules, 2006, the Central Government notifies inclusion of 3.616 hectares to the SEZ at village Bori, Taluka Nagpur, thereby increasing the total SEZ area to 46.874 hectares and specifying the survey/hissa numbers and hectare allocations for the added parcels.

Minimum investment requirement revised with new applicability and segregation rules for unlisted securities and adjusted director disclosure.
The amendment raises the minimum investment requirement per client and limits its application to new clients and fresh investments by existing clients while allowing existing investments to continue until maturity. It adds unlisted securities to permitted holdings and mandates segregation of each client's unlisted securities holdings into separate accounts for new and fresh investments, with existing unlisted investments grandfathered until maturity. The model disclosure is altered to require the name and signature of at least two directors of the portfolio manager.

Assignment of Show Cause Notice: DRI notice reassigned to Commissioner of Customs (Import) New Custom House for adjudication.
The Board assigns Show Cause Notice F.No. DRI/AZU/INV-51/KMS/2009 dated 31.08.2010, issued by the Directorate of Revenue Intelligence, Zonal Unit Ahmedabad, to the Commissioner of Customs (Import), New Custom House, Ballard Estate, Mumbai, for adjudication under the delegation conferred by the relevant Customs notification; the order is issued by the Under Secretary with copies to the issuing DRI unit, the receiving Commissioner, another Customs Commissioner office, and the Board webmaster.

Common Adjudicating Authority assignment directs adjudication of a show cause notice by the Commissioner of Customs Import Mumbai.
The Board has assigned the Show Cause Notice issued by the Directorate of Revenue Intelligence in respect of M/s KMS Medisurgi Pvt. Ltd. to the Commissioner of Customs (Import) at New Custom House, Mumbai, designating that office as the proper authority for adjudication and directing circulation to specified customs formations and departmental record-keeping channels.

Tariff classification amendment replaces tariff code in prior customs notification, correcting an affected item identifier.
The corrigendum directs that references to the tariff item code "491C" in Notification No. 04/2012-Customs be read as "491D", applying the substitution at line 12 and in the Table under column (1), with no other amendments indicated.