Commencement of Cost and Works Accountants Amendment Act: central government appoints a formal commencement date for the Act.
In exercise of the power conferred by sub-section (2) of section 1 of the Cost and Works Accountants (Amendment) Act, 2011, the Central Government appoints the first day of February, 2012 as the date on which the provisions of the Act shall come into force as a formal commencement notification.

Commencement of Chartered Accountants (Amendment) Act: government appoints operative date and brings its provisions into force.
The Central Government, exercising the power under sub section (2) of section 1 of the Chartered Accountants (Amendment) Act, 2011, by notification S.O.190(E) dated 30 1 2012, appointed the 1st day of February, 2012 as the date on which the provisions of the Amendment Act shall come into force.

Institutional placement programme: new SEBI framework limiting allocation, eligibility, pricing and one year lock in on allotted securities.
A new Chapter VIII-A creates an Institutional Placement Programme (IPP) permitting fresh issues or offers for sale by listed issuers or promoters to meet minimum public shareholding, limited to qualified institutional buyers. IPP requires a shareholder special resolution, merchant banker management with due diligence, in principle stock exchange approval, detailed offer document filings with SEBI/Registrar/stock exchanges, ASBA bidding, prescribed allocation methods and restrictions (including promoter exclusion and reserved allocation to mutual funds/insurance companies), oversight by the stock exchange, short subscription windows, and a one year lock in on allotted securities.

Exchange rate determination for customs: prescribed rupee conversion rates set for listed foreign currencies affecting import and export valuation.
Determination under section 14 of the Customs Act, 1962 prescribes rupee conversion rates for specified foreign currencies, with distinct rates for imports and exports, effective from 1st February, 2012, and superseding the prior notification of 28th December, 2011; rates are set out in two schedules, one for single-unit currencies and one for the Japanese Yen per one hundred units.

Inland Container Depot designation: Tondiarpet TNPM, Chennai added for import unloading and export loading by amendment.
The Central Board of Excise and Customs amends Notification No. 12/97 Customs (N.T.) by inserting Tondiarpet (TNPM), Chennai as an Inland Container Depot in the Tamil Nadu table, with the operative function limited to the unloading of imported goods and the loading of export goods.

Gross turnover audit threshold aligned with income tax law; procedural VAT form and rate amendments require updated dealer records.
The amendment adds rule 42A requiring dealers whose gross turnover exceeds the audit limit under the Income Tax Act to obtain an accountant's audit under section 49, aligns a proviso rate in rule 7A to a higher figure, omits specified sub clauses in rules 6A(1) and 7(1)(e), and revises Forms DVAT 16, 17, 20, 30 and 31 to mandate month wise purchase and sale summary annexures, include purchases from unregistered dealers, revise registration wording to TIN/TAN, and provide specimen purchase and sales registers categorizing transactions for input tax credit purposes.

Customs tariff corrigendum removes zero-rate entry for certain motor vehicle imports, leaving CKD and other import form rates.
The corrigendum to Notification No.125/2011 corrects the customs tariff table entries for headings 8703 and 8711 by removing a standalone zero-rate line and reformatting each entry to present only the two sub-items that specify duty treatment according to import form: completely knocked down (CKD) units and imports in any other form.

Anti-dumping duty on geogrids and related imports to protect domestic industry, payable in domestic currency.
Imposes an anti-dumping duty on imports of Geogrid, Geostrips and Geostraps of polyester or glass fibre under specified tariff items, applicable to goods originating in or exported from the subject country as detailed in the Table; duty prescribed per unit and currency, payable in Indian currency, levied for a fixed period and founded on the designated authority's finding of dumping, material injury and causation; exchange rate for calculation to follow Finance Ministry notifications with the bill-of-entry date as the relevant date.

Anti-dumping duty on Morpholine imports imposed, definitive rates applied to specified origins, producers and exporters.
Definitive anti-dumping duty is imposed on Morpholine (tariff item 29333917) originating in or exported from China PR, the European Union and the United States, with specified duty amounts per kilogram differentiated by named producers/exporters and other exporters or trade routings. The duty, imposed under section 9A of the Customs Tariff Act and relevant Rules of 1995, is payable in Indian currency for a period of five years from the date of provisional imposition; exchange-rate conversion follows notifications under section 14 of the Customs Act with the bill-of-entry date as the relevant date.

Anti-dumping duty on Morpholine imposed against certain imports, rescinding a prior notification and applying for a limited period.
The Central Government rescinds Notification No. 91/2011-Customs dated 20th September 2011, under section 9A of the Customs Tariff Act, 1975 read with the Anti-dumping Rules, subject to saving of things done or omitted earlier. It also notifies imposition of anti-dumping duty on Morpholine originating in or exported from China PR, the European Union and the United States of America for a period of six months.

Presidential Appreciation Certificates under the awards scheme recognise distinguished service by customs and enforcement personnel.
Presidential Appreciation Certificates were conferred recognizing a specially distinguished record of service on specified officers and staff across ranks and units of the Customs & Central Excise Department, Central Bureau of Narcotics, Narcotics Control Bureau and the Directorate of Enforcement. The awards are made under clause (a)(ii) of paragraph 1 of the Scheme governing grants of awards to officers and staff, as published in the Gazette and amended.

Common Adjudicating Authority assignment directs adjudication of tyre imports alleged to involve dummy importer codes to local customs commissioner.
The Board assigns a Show Cause Notice alleging import of truck tyres through fraudulent importer codes to the Common Adjudicating Authority, directing that the Commissioner of Customs (Import), Nhava Sheva, act as the proper officer for adjudication and circulates copies of the transfer to the issuing revenue unit and several customs formations; the order effectuates administrative allocation without addressing the merits.

Gold content criterion amended: corrigendum changes wording in customs notification altering the gold content condition.
Corrigendum to Notification No. 2/2012 Customs substitutes in para 2, sub para (i) the words "gold content not below" with "gold content below", thereby changing the operative wording of the gold content criterion in the notification issued by the Department of Revenue.

Authorisation to receive subscriptions under PPF and Senior Citizens Savings Scheme extended to Central Bank branches, subject to remittance conditions.
One hundred and eleven branches of the Central Bank of India are authorised, with immediate effect, to receive subscriptions under the Public Provident Fund Scheme, 1968 and the Senior Citizens Savings Scheme Rules, 2004, subject to remittance of all receipts to the Government Account at RBI, CAS, Nagpur within three days. Delayed remittances attract a penalty equal to the depositor interest rate plus 0.5% for delays up to thirty days and plus 1% beyond thirty days. Non-observance of scheme rules may result in de-authorisation and pecuniary liabilities borne by the bank.

Authorization to receive subscriptions: designated bank branches may accept PPF and Senior Citizens deposits subject to remittance and compliance.
Authorisation is granted to 111 Central Bank of India branches to receive subscriptions under the Public Provident Fund Scheme, 1968 and Senior Citizens Savings Scheme Rules, 2004, subject to remittance of all receipts to the Government Account at RBI, CAS, Nagpur within three days; penalties for delayed remittances are the interest payable to the depositor plus 0.5% for delays up to thirty days and plus 1% for delays beyond thirty days; compliance with scheme rules is mandatory and non observance may result in penal action including de authorisation and bank liability for pecuniary consequences.

Anti-dumping duty circumvention rules establish refund determinations, investigation procedures, duty extension mechanisms, and review of continuing protective measures.
Importers may seek determination of the actual dumping margin where anti-dumping duty paid exceeds that margin, with investigation and a possible recommendation to refund the excess. The amendments also define circumvention through low-value assembly or completion, product alteration, and trade diversion through non-notified exporters, producers or countries. The designated authority may investigate on substantiated domestic-industry applications or suo motu information, recommend extension of duty to circumventing imports, including from investigation initiation, and review the continued need for such measures.

Refund of anti dumping duty entitlement clarified, permitting importers to claim excess duty refund within prescribed period.
Rules create a procedure for refund of anti dumping duty paid in excess of the actual margin: importers may apply to the Assistant or Deputy Commissioner of Customs with payment evidence; applications must be filed within three months of the notification or of a court/tribunal direction; deficiencies are to be identified and corrected within specified one month periods; if refund is warranted the Customs officer shall order and refund the amount within ninety days or credit it to the Consumer Welfare Fund where the duty incidence was passed on.

Right to inspect records: access allowed as of right for parties, with fees and mandated supply timelines.
Amendment to regulation 30 provides a right to inspect records and obtain certified copies for parties and their authorised representatives on written application and payment of prescribed fees, with inspection as a pre-requirement for supply. Applications must specify the records and be filed at the counter or by post with fees. Non-parties may access records only with the filing party's consent or by Bench order. Inspection is barred on hearing dates without Bench permission. Inspection must be allowed within two working days and certified copies supplied within three working days.

Denotification of Special Economic Zone: rescission of SEZ declaration after developer proposal and government approval.
The Central Government rescinds the notification of a sector specific Special Economic Zone for information technology and IT enabled services at Sector 106, Village Pawala Khusrupur, District Gurgaon, following the developer's proposal and government approval to denotify the entire 11.6627 hectare area, subject to preservation of things done or omitted before the rescission.

Corrigendum to anti dumping duty notification correcting tariff classification code for accurate duty application.
Correction to an anti-dumping duty customs notification amends tariff classification figures in Notification No. 8/2012-Customs (ADD) dated 16 January 2012, directing that for the figures " 390042210 ", read "39042210", as published in the Gazette of India, Extraordinary.