Capital investment subsidy for MSME units expanded to cover additional plant and machinery investments until scheme expiry.
The amendment defines Micro, Small and Medium Enterprises by reference to section 7(1) of the Micro, Small and Medium Enterprises Development Act, 2006, and extends subsidy eligibility for MSME industrial units to include additional investment in plant and machinery for first and subsequent substantial expansions and on commencing commercial production or becoming operational on or after 6 January 2011, subject to sectoral ceilings and admissible until the scheme's operation for the North Eastern Region.

Capital investment subsidy for MSMEs introduced, with sectoral ceilings and higher approvals subject to an Empowered Committee review.
The amendment defines Micro, Small and Medium Enterprises by reference to section 7(1) of the MSME Development Act, 2006, and provides that MSME industrial units commencing operation on or after 6 January 2011 shall receive a capital investment subsidy on investment in plant and machinery for new units and for substantial expansions. The subsidy is subject to sectoral ceilings and an automatic approval limit; amounts above the automatic limit up to the ceiling will be decided by an Empowered Committee whose composition is specified. Benefits apply until the scheme's operation end date for Jammu & Kashmir.

Correction of designation: amendment replaces an incorrect Commissioner of Central Excise title in a customs notification.
The corrigendum amends the published Gazette entry for Notification No. 16/2010 - Customs (N.T.) by replacing the designation "Commissioner of Central Excise, Mumbai IV" with "Commissioner of Central Excise, Mumbai I", thereby correcting the referenced office title in the administrative record.

Warehousing station declaration under Section 9 for export oriented unit setup, enabled by SEZ development commissioner approval.
The Commissioner of Customs and Central Excise declares Parsada Village in Raipur District a Warehousing Station under Section 9 of the Customs Act, 1962 for the limited purpose of establishing an export oriented unit (EOU), acting under powers conferred by Notification No. 33/94-Customs (N. T.) and with approval from the Development Commissioner of the Visakhapatnam Special Economic Zone.

Customs exemption for solar project machinery requires certification and undertaking, with duty recovery if goods are not used as declared.
Exempts from customs duty in excess of 5% ad valorem all machinery, instruments, control gear, transmission and auxiliary equipment, components and testing items imported for the initial setting up of a solar power generation or solar energy production project. The importer must produce a government certificate specifying quantity, description and specification and furnish an undertaking that the goods will be used for the stated purpose; failure to so use them attracts liability to pay the duty differential.

Tax relief for disaster relief purchases: VAT exemption granted subject to non sale and official certification requirement.
Amendment to the Sixth Schedule grants VAT exemption for specified goods purchased by the Confederation of Indian Industry, Delhi for use in Leh flood relief, subject to the condition that the goods are not sold and are used in relief work, and subject to furnishing a prescribed, officer authenticated certificate containing dealer wise invoices/bills/cash memos showing supplier details, invoice numbers, amounts and VAT paid; the amendment is made under Section 103 and is effective from the stated commencement date.

Deduction under section 80-IB(10) deemed applicable to housing projects approved in the earlier specified period.
The notification amends the commencement clause by deeming that housing projects approved by a local authority under the specified scheme on or after 1 April 2004 and before 31 March 2008 are covered by the earlier notification, making incomes from those projects eligible for deduction under section 80-IB(10) from the assessment year 2005-06.

Tax deduction for slum redevelopment projects recognised for eligible approved projects within the notified period.
Notification designates the Maharashtra slum redevelopment scheme as eligible for deduction under Section 80-IB, subject to the condition that any amendment to the Scheme must be re-notified by the Central Board of Direct Taxes. The notification applies to projects approved by a local authority under the scheme within the prescribed approval window, making incomes from such eligible projects available for deduction from the relevant assessment year.

Special Economic Zone notification establishes IT Knowledge Park and constitutes Approval Committee; zone deemed inland container depot.
Notification designates a sector specific Special Economic Zone for information technology proposed by Orissa Industrial Infrastructure Development Corporation, notifies the scheduled land parcels as the SEZ, records grant of letter of approval under the Special Economic Zones Act, constitutes an Approval Committee comprising specified ex officio members and nominees with the developer as special invitee, and declares the SEZ to be deemed an Inland Container Depot under the Customs law.

Special Economic Zone notification defines the notified area, approval committee structure, and Inland Container Depot status.
A sector specific Special Economic Zone for information technology and information technology enabled services is notified at Plot No. 47, Koorgally Industrial Area, Mysore, Karnataka, covering the survey numbers specified in the schedule and aggregating to 10.118 hectares. An Approval Committee is constituted for the zone with specified ex officio members and a special invitee representing the developer. The notification further appoints 4 January 2011 as the date from which the Special Economic Zone is deemed to be an Inland Container Depot under the Customs Act, 1962.

Prohibition on import of milk and milk products from China extended under Foreign Trade Policy powers, maintaining ban on dairy-containing foods.
The Central Government, under the Foreign Trade (Development and Regulation) Act, 1992 and paragraph 2.1 of the Foreign Trade Policy, 2009-14, has extended the prohibition on import of milk and milk products from China, explicitly covering chocolates, chocolate products, candies, confectionery and food preparations with milk or milk solids, for one year from 24 December 2010 and until further orders as notified by the Directorate General of Foreign Trade.