Avoidance of double taxation: treaty allocates residence and source rights with withholding and PE based rules for cross border income.
Treaty allocates taxing rights between residence and source: residence rules and a PE nexus determine taxation of business profits; immovable property, transport, dividends, interest, royalties, fees for technical services, capital gains and personal services have specific source allocations. Source taxation of dividends, interest and royalties is limited by prescribed withholding constraints when the recipient is beneficial owner; exemptions apply for certain public bodies and approved transactions. Double taxation is relieved by a credit method; the treaty provides non discrimination, a mutual agreement procedure with confidentiality safeguards, and exchange of information provisions.

Disclosure of unutilised issue proceeds must be separately shown and the form of investment specified in the balance sheet.
The amendment inserts a new Investments item, Balance of unutilised monies raised by issue, into Part I of Schedule VI and requires that all unutilised monies out of an issue be separately disclosed in the balance sheet with an indication of the form in which such unutilised funds have been invested, both under the Investment sub-heading and against Bank Balances under Current Assets, Loans and Advances.

Managerial appointment age and remuneration rules clarified; special resolutions can permit age exceptions and cap combined pay across companies.
Amendments require managerial appointees generally to be between 25 and 70 years, permit appointments outside those ages by company special resolution without Central Government approval, and clarify that a managerial person serving in multiple companies may draw remuneration from one or both companies provided the total does not exceed the higher maximum limit admissible from any one company.

Import duty concession for outboard motors tied to fisheries certification and an undertaking to ensure use for fishing operations.
Amendment adds tariff entries for outboard motors (Chapters 84/85) and specified spare parts, linking each entry to conditions 20A and 20B. Condition 20A requires a certificate from a Deputy Secretary-level fisheries officer confirming fitment to boats exclusively used for fishing and an undertaking to the Assistant Commissioner of Customs to use the imports for that purpose and to pay on demand the duty difference if breached; these requirements do not apply to State Fisheries Corporations or Fisheries Co-operative Federations recognised by the State Government, a category addressed by condition 20B.

Effective rate of duty amended to exempt pencil sharpeners by inserting a Nil-rated entry in the tariff schedule.
The Government amends Notification No. 8/96-C.E. by Notification No. 29/96-C.E., inserting after reference 82.2 a new reference 82.3 that prescribes a Nil duty entry for pencil sharpeners, effectuating a change in the effective rate of duty for goods covered by Chapters 5 to 96 under the delegated power to alter excise duties in the public interest.

Modification of certification requirement expands authorised officer rank for customs R&D import exemptions.
Amendment modifies the certification requirement for R&D import exemptions by replacing "a certificate from a Deputy Secretary" with "a certificate from an officer not below the rank of a Deputy Secretary," thereby broadening the class of officers authorised to issue the certificate while retaining the certification condition for eligibility.

Special customs duty exemption: specified imported goods, including aeroplane engines, parts, fertilizers and certain circuit breakers, are exempt.
The Central Government exempts the goods specified in the Table from the whole special duty of customs under the cited finance provision when imported into India, by reference to First Schedule tariff headings. The Table covers: all goods under a listed set of headings; potassium sulphate excluding a specified composition; aeroplane engines and parts; and automatic circuit breakers excluding those meeting specified voltage, current or motor-power criteria.

Effective duty rates updated for specified goods, adding and substituting tariff entries and duty rates.
Amendment revises tariff table entries and effective duty rates by inserting and substituting serial entries: tariff heading 25.19 at 40%; Methanol (2905.11) and Epichlorohydrin (2910.30) at 30%; stainless steel scrap for melting (7204.21) at 10%; stainless steel slabs (72.18) at 20%; differentiated duties for ball or roller bearings (84.82) with ad valorem plus specific per kg; certain 84.14 goods at 25% excluding specified compressors and parts; hard disk, floppy and CD-ROM drives (84.71) at 10%; and addition of Iscador and CLIA diagnostic kits to List 2.

Effective rate of duty amended for specified goods, adding tariff substitutions, branded medicine distinctions and conditional exemptions.
The notification amends the tariff schedule to insert, substitute and omit entries across multiple headings, specifying nil or reduced rates for named goods (including Seviyan, certain rosins, coir machinery supplied under a development project, carded wool for captive use, shoddy yarns and specified paper products), clarifies branded versus unbranded medicinal preparations with a defined Brand name, and adds conditional exemptions excluding beneficiaries of an earlier exemption and imposing quantity-based limits for first clearances, with excluded clearances not counted for computing those limits.

Joint liability requirement for merchant exporters and supporting manufacturers enforces bond and onsite use of exempt materials for advance licence exports.
The amendment inserts condition (viii) requiring the supporting manufacturer's name and address to appear in the Advance Licence, certificate and bond; mandates that the bond be executed jointly by the Merchant Exporter and the supporting manufacturer, binding them jointly and severally to comply with the notification's conditions; and requires that exempt materials be utilised in the supporting manufacturer's factory as per the utilisation condition. It also adds Serial No. 4 to cover products for export where Advance Licence is issued to a Merchant Exporter on applications made on or after the specified application date.

EPCG scheme licence validity: imports of spare parts permitted for the full duration allowed to fulfil export obligation.
Amendment to Notification No. 111/95-Customs under section 25(1) inserts a proviso that for import of spare parts the licence validity period shall be deemed to be the period permitted for fulfilment of the export obligation in full.

Validity period of licence for spare parts imports deemed to match export obligation fulfilment period.
Amendment provides that for imports of spare parts under the EPCG scheme, the validity period of the licence shall be deemed to be the period permitted for fulfilment of the export obligation in full, thereby aligning licence validity with the authorised export-obligation period.

Anti-dumping duty on sodium ferrocyanide imposed, with exporter-specific and residual rates applied on importation under customs rules.
Imposition of an anti-dumping duty on Sodium Ferrocyanide from the People's Republic of China is directed under the customs tariff and anti-dumping rules following a preliminary finding of dumping; the notification prescribes exporter-specific duty rates for named exporters and a residual rate for other exporters, applicable on importation under the stated tariff classification.

Warehousing amendment: specified additional warehouse locations added for intra-warehouse removals under Central Excise Rules governing transfers.
Amendment adds specified additional warehouse locations to the list of authorized sites for movement of goods between warehouses under the Central Excise regulatory framework by inserting new place entries into paragraph two, clause (i) of the existing notification, thereby expanding the roster of localities where warehoused goods may be removed to another warehouse.

EOU import exemption expanded to cover cooling, sorting, packing, power and refrigeration equipment and spare parts.
Amendment to the customs notification extends import exemptions for exports oriented units by adding four new item categories and a spare parts entry to Annexure I: cooling equipment for cold rooms, storage rooms and pre cooling chambers and accessories; sorting, grading and packing equipment and temperature or humidity control equipment; power generating sets; refrigeration and airconditioning equipment for fitment on transport vehicles; and spare parts for maintenance of items so listed.

Composite mill definition revised, inputs eligibility retroactively adjusted and a related procedural rule omitted by amendment.
The amendment substitutes rule 57H(1) to limit the inputs reference to those used in the manufacture of fabrics by a composite mill, revises clause (b) to treat inputs lying in stock or received in the factory on or before the commencement date (and inputs contained in intermediate goods in stock on that date) as eligible for credit when final products are cleared on or after that date provided no credit has been taken under another rule or notification, inserts an Explanation defining composite mill, and omits rule 96D.

Modvat amendment clarifies input-credit eligibility for specified tobacco products and certain yarn, fibres and fabrics.
Amendment substitutes the prior table in Notification No. 24/94-C.E. (N.T.) to specify final products and corresponding input chapters eligible for Modvat credit, focusing on tobacco products and cotton or man-made fibre fabrics, and listing express exclusions including certain petroleum fractions and high speed diesel; the substitution clarifies scope by reference to chapter and heading numbers and comes into effect the day after issuance.

Deemed excise credit for textile inputs allows specified percentage credit against duty on final textile products, with restrictions.
Declaration deems duty paid on listed yarns, fibres, dyes, chemicals, consumables and specified fabrics, allowing manufacturers to claim deemed credit at prescribed proportions of excise duty on corresponding final textile products; composite and non composite manufacturers and cotton versus non cotton products attract different percentage equivalences. Credit is allowed without documentary proof, confined to payment of excise on final products, subject to export/refund conditions and exclusions for other rule 57A credits, clandestine removals, fraud, and use of processed fabric as an input.

Additional duty rates adjusted for specified goods; Notifications 9/96 and 17/96 amended and take effect from early September.
Amendments revise additional duty rates for specified goods of Chapters 17, 24 and 50-60 by substituting revised numerical entries and ad valorem percentages in the Tables of Notification Nos. 9/96-C.E. and 17/96-C.E.; the Central Government acts under section 5A of the Central Excises and Salt Act, 1944 and section 3(3) of the Additional Duties of Excise (Goods of Special Importance) Act, 1957, and prescribes the effective commencement date in the notification.

Effective duty rates adjusted for specified goods, substituting notified rate entries and raising ad valorem duties effective early September.
The notification amends Notification Nos. 8/96-C.E. and 16/96-C.E. by substituting specified table entries: several column (3) figures "25" are replaced by "30" and certain column (4) ad valorem rates are increased (including substitutions from "4% ad valorem" to "4.8% ad valorem" and from "10% ad valorem" to "12% ad valorem"). The amendments are made under section 5A(1) of the Central Excises and Salt Act, 1944 and take effect from the 4th day of September, 1996.