Appointment of Director General (Safeguard) confirms designation under safeguard duty rules; Ms Indrani Dutta Majumder appointed.
The Central Government, under the authority of the Customs Tariff (Identification and Assessment of Safeguard Duty) Rules, appoints Ms. Indrani Dutta Majumder as Director General (Safeguard) to discharge functions related to identification and assessment of safeguard duty, and the notification supersedes the prior government notification on the matter.

Director General (Specific Safeguard) appointment under Rule 3 powers; prior customs notification superseded, Shamshabad airport notified.
The Central Government, exercising powers under sub-rule (1) of Rule 3 of the Customs Tariff (Transitional Product Specific Safeguard Duty) Rules, 2002, appoints Ms. Indrani Dutta Majumder as Director General (Specific Safeguard). The notification supersedes the earlier customs notification No.65/2009-Customs (NT). Shamshabad airport is notified for loading and unloading of goods as part of the customs administrative measures.

Anti-dumping duty on PTFE extended by government amendment after statutory review, later subject to administrative rescission.
Amendment substitutes paragraph 2 of the principal notification imposing anti-dumping duty on imports of Polytetrafluoroethylene (PTFE) from Russia to provide for a fixed period for continuation of the duty, made under statutory powers and in pursuance of the prescribed rule-based review procedure; the instrument notes a subsequent rescission of the notification.

Restrictions on speculative securities contracts limit non-spot and ready forward trading and require RBI-prescribed participants and settlement rules.
The notification prohibits entering into specified non-spot contracts in Government securities, gold-related securities and money market securities except spot delivery, exchange-permissible contracts, or RBI-permitted contracts, and restricts ready forward contracts in corporate and other debt securities to designated banks and financial institutions and other persons permitted by the Reserve Bank of India, subject to RBI-prescribed terms and conditions, mandatory compliance with exchange rules and relevant statutes, and defined settlement through designated gilt and subsidiary ledger accounts.

Employee discount in alternate book-building permitted, subject to floor-price cap, allotment rules and price-priority for institutional bids.
Issuers opting for alternate book building may offer specified securities to employees at a price below the floor price within a capped difference; the issuer must announce the floor price before bidding, QIBs may bid only above the floor price and receive allotment on price priority, while retail, non-institutional investors and employees receive proportionate allotment at the floor price subject to the employee discount rule. Issuers may cap allotment to a single bidder and govern bid revision and multiplicity.

Import policy amendment: specified Exim code reclassified from restricted to free, altering import control regime.
Import policy for items under Exim Code 7208 is amended to read as "Free" instead of "Restricted", effectuating a removal of prior import restrictions for that 4-digit classification pursuant to powers under the Foreign Trade (Development and Regulation) Act and the Foreign Trade Policy; the change is issued in the public interest.

Anti-dumping duty on tyre curing presses from China PR imposed on imports as percentage of CIF value.
Definitive anti-dumping duty has been imposed on imports of tyre curing presses originating in or exported from China PR after findings of dumping with substantial margins and material injury to domestic industry. The duty is charged as a percentage of the CIF value of imports for the specified tariff classification and product description, applies to listed producers and exporters as set out in the notification table, takes effect from the notification date, and defines CIF value as assessable value under the Customs Act, 1962.

Special Economic Zone amendment expands sector description to include pharmaceuticals and fine chemicals for specified SEZ.
Amendment substitutes the sector description in the SEZ notification for the Dishman Infrastructure Limited SEZ at Kalayangadh and Gangad, replacing the word "pharmaceutical" with "pharmaceuticals and fine chemicals", thereby broadening the industrial classification specified in the original notification under the SEZ statutory framework.

De-notification of Special Economic Zone area reduces notified zone coverage under the SEZ legal framework, specifying affected parcels.
De-notification of 10.13 hectares from the sector-specific Special Economic Zone for information technology and IT-enabled services at Raheja Infocity, Thane, reducing the originally notified 20.654 hectares to a resultant notified area of 10.52 hectares; the denotified parcels are specified by village survey numbers and aggregated as 10.13 hectares.

SEZ area amendment: additional land notified and the notified land schedule substituted for a biotechnology SEZ.
Central Government, under sub section (1) of Section 4 of the Special Economic Zones Act, 2005 and Rule 8 of the SEZ Rules, 2006, notifies addition of area proposed by the developer and substitutes the earlier schedule by a revised Table listing village, rectangle and killa numbers with parcel areas for the Sector Specific Special Economic Zone for biotechnology at Rakha and Nimoth villages, Tehsil Sohna, District Gurgaon, Haryana; the amendment applies except as to prior acts or omissions.

SEZ appointment amendment removes certain notified entities from the Development Commissioner appointment list, altering designated SEZ entries.
Central Government amends the SEZ notification appointing the Director, Software Technology Parks of India, Hyderabad as Development Commissioner by deleting the scheduled entries identifying FAB City SPV(India) Ltd. (semiconductor facility with Free Trade and Warehousing Zone) and Andhra Pradesh Industrial Infrastructure Corporation (electronics hardware) from the earlier notification.

Application of Companies Act provisions to LLPs: Tribunal-led winding up, LLP liquidators, and adapted insolvency procedures.
Specified provisions of the Companies Act, 1956 apply to limited liability partnerships with textual substitutions (e.g., "company" "limited liability partnership", "director" "designated partner", "Court" "Tribunal") and defined terms such as "LLP Liquidator". The notification adapts winding-up, liquidation, appointment and powers of liquidators, Tribunal-led procedures, voluntary winding-up rules, creditor protections, accounting, banking and reporting obligations, and avoidance/preferential payment rules to the LLP framework, and enables winding up of certain foreign LLPs under the LLP Act.

Application of Companies Act provisions to LLPs alters winding-up regime, substituting Tribunal and LLP liquidator.
Notification G.S.R. 6(E) applies specified Companies Act, 1956 provisions to limited liability partnerships with modifications: substituting "limited liability partnership" for "company", "designated partners" for "directors", and "Tribunal" for "Court"; adapting winding-up procedures to LLPs by empowering the Tribunal to hear petitions, appoint provisional and final LLP liquidators from a prescribed panel, require filing of statements of affairs and audited winding-up accounts, permit sale of the undertaking as a going concern, and to apply insolvency, avoidance and penalty provisions to LLPs with tailored procedural rules.

Input tax credit safeguards: credit admissible only if seller has deposited or adjusted tax; credits reduced on resale at loss.
Amendments adjust VAT mechanics: Section 4 sets specific tax rates for Third Schedule and declared goods; Section 9 confines input tax credit to goods put to sale and conditions credit on seller having deposited or lawfully adjusted tax and reflected it in returns; Section 10 reduces credit when resale occurs at a loss and caps credit by tax payable on sale; Section 74 and 74A amend numeric and deemed commencement provisions; Section 103 grants Government and Commissioner power to amend Schedules with a proviso against prejudicial retrospective changes.

Review committee composition amended: locality references updated replacing Valsad with Vapi in notification governing review cases
Exercising delegated powers under the Central Excise Act, the Board amends the Table of Notification No. 25/2005 by substituting the locality name "Vapi" for "Valsad" against specified serial entries, thereby updating the territorial references for the Chief Commissioners' and Commissioners' Committees listed in the schedule.

Constitution of customs committees: substitution of Vapi in place of Valsad for the relevant committee entry.
The Central Board of Excise and Customs amends the principal notification constituting customs committees by substituting the place name "Valsad" with "Vapi" in the Table entry for the specified serial number, thereby changing the geographic designation used to identify the committee seat in the notification.

Amendment to central excise notification replaces Valsad with Vapi in the committee location listing under section 35B.
Amendment under sub section (1B) of section 35B of the Central Excise Act substitutes, in the Table to Notification No. 24/2005 against serial number 22 in column (3), the word "Valsad" with the word "Vapi", effecting a change in the designated location entry for that committee.

Jurisdiction of customs review committees under section 129A updated to replace Valsad with Vapi for administrative jurisdiction.
Under sub section (1B) of section 129A, Notification No. 49/2005 Customs (N.T.) is amended by substituting the locality name "Vapi" for "Valsad" against the table entries at serial numbers 19 and 66, thereby changing the designated administrative seat for those entries concerning committees of two Commissioners.

SEZ scope expansion: permitted activities now include semiconductor devices and solar photovoltaic manufacturing plus upstream and downstream investment.
Amendment substitutes the prior description of the Raviryala SEZ to broaden authorised activities to include manufacturing and developing semiconductor facility, semiconductor device, solar photovoltaic cells and modules and solar photovoltaic thin film modules, and permits investment in the upstream or downstream vertical chain, while retaining the Free Trade and Warehousing Zone.

Tax deduction at source on interest: government notifies Rural Electrification Corporation Ltd for purposes of the statutory clause.
The Central Government, invoking powers under sub-clause (f) of clause (iii) of sub-section (3) of the income-tax provision, formally notifies the Rural Electrification Corporation Ltd., New Delhi for the purposes of the clause governing tax deduction at source on interest other than interest on securities.