Rescission of customs exemption notification under Customs Tariff Act removes the prior exemption from effect.
The Central Government, exercising powers under sub-section (2) of section 9A of the Customs Tariff Act read with rule 13 of the Customs Tariff Rules, 1995, hereby rescinds the Ministry of Finance (Department of Revenue) Notification No. 141/1999-Customs dated 30th December, 1999, removing that exemption notification from effect and recording the statutory basis and issuing authority for the rescission.

Anti-dumping duty on PTFE maintained to counter dumping and prevent continued injury to domestic industry.
Anti dumping duties were continued on all grades of Polytetrafluoroethylene (PTFE) originating in or exported from Russia after a sunset review found dumping below normal value and material injury to domestic industry; duties are imposed as the difference between a notified per kilogram dollar amount and the landed value of imports, with the applicable rate of exchange set by Treasury notification and determined as of the bill of entry date.

Anti-dumping duty on 6-Hexanelactam imposed as difference between benchmark amount and landed value, payable in local currency.
Definitive anti-dumping duty on 6-Hexanelactam is imposed where the duty equals the difference between the tabled benchmark amount (per exporter/producer and country entry) and the landed value of imports; duties vary by producer and exporter identity. Duty must be paid in Indian currency. "Landed value" is the assessable value under the Customs Act excluding specified duties, and the exchange rate is the Government-notified rate with the relevant date being the bill of entry presentation date. The notification included an expiry provision and was subsequently rescinded by a later notification.

Extension of Regularisation Period under Interest Liability Regularisation Scheme extends compliance deadline while leaving scheme terms unchanged.
The Board has extended the regularisation period under the Interest Liability Regularisation Scheme, 2004 and stated that all other terms and conditions of the Scheme remain unchanged, providing a temporal extension of the compliance deadline without substantive amendment to the Scheme's operative provisions.

Audit reporting requirements: mandatory annexure with prescribed financial particulars and business activity code now required.
The amendment makes the Annexure to Form No.3CD mandatory, requires Forms 3CA and 3CB to reference and attach that Annexure, and obliges the signer to state that particulars in Form 3CD and the Annexure are true. The Annexure mandates identification details and a schedule of financial and business parameters for current and preceding years, and requires entry of an industry business activity code from a prescribed list; failure to complete the Annexure renders Form 3CD incomplete and both documents must be signed by the competent person.

Rescission of customs notification: prior Gazette notification withdrawn under Customs Tariff Act authority.
The Central Government, invoking authority under the Customs Tariff Act and the Rules for anti-dumping duty identification, assessment and collection, formally rescinds the earlier April 2004 notification published in the Gazette, thereby withdrawing that prior notification and annulling its legal effect.

Anti-dumping duty on melamine imposed, rates set against landed value and payable in Indian currency.
An anti-dumping duty on Melamine (tariff item 2933 61 00) is imposed for goods originating in or exported from specified countries following findings of dumping and injury; the duty equals the difference between prescribed reference amounts in US Dollars per metric tonne (varying by producer/exporter combinations) and the landed value of imports. The duty is effective from the provisional duty imposition date, payable in Indian currency, with "landed value" and the rate of exchange defined for calculation.

Tariff value fixation: substitution of the tariff-value table for edible oils and related imports, retaining listed values.
The Board, invoking powers under the Customs Act, substitutes the prior tariff-value table with a new table listing US$/metric tonne tariff values for specified import headings, mainly edible oils and brass scrap, and records that the listed values for those items remain unchanged; the notification cites its instrument number, file reference and the principal notification and prior amendment it replaces.

Import licensing restriction: copper imports from Sri Lanka under ISFTA allowed only through designated ports and ICDs.
Addition of import-licensing notes conditions preferential imports from Sri Lanka under the ISFTA by restricting copper and copper-made articles in the specified Exim codes to entry only through designated seaports and inland container depots: Nhavasheva, Chennai, Tuticorin, Cochin, ICD Tughlakabad, ICD Mulund, ICD Ludhiana and ICD Pithampur.

Section 35AC committee reconstitution appoints new National Committee members to oversee promotion of social and economic welfare.
The Central Government reconstitutes the National Committee for Promotion of Social and Economic Welfare, appointing fourteen persons-including Justice S. P. Bharucha as Chairman-as Chairman and members for a period of three years from the date of publication, pursuant to the income tax provision and the corresponding income tax rule; prior related notifications and the expiry of the previous term are noted.

Extension of exemption period under central excise notification, deferring applicability and updating the explanatory clause formalized.
The notification substitutes the previously specified terminal date with a later terminal date in two places of Notification No. 39/2001-Central Excise: condition (i) of paragraph 3 and every occurrence in Explanation I, clause (ii), under powers conferred by the Central Excise Act and the Additional Duties of Excise enactments.

Amendment to excise notification expands levy references to include finance act schedules and national calamity contingent duty.
The amendment substitutes the opening paragraph of Notification No.214/86-Central Excise to add sub section (3) of section 136 of the Finance Act, 2001 and to replace references to the Central Excise Tariff Act schedules with the First and Second Schedules, while explicitly including the additional duty under the Special Importance Act and the National Calamity Contingent duty under sub section (1) of section 136 of the Finance Act, 2001.

Renewal of recognition granted to a stock exchange under the Securities Contracts (Regulation) Act, subject to regulatory conditions.
Renewal of recognition is granted to Inter-connected Stock Exchange of India Limited under the Securities Contracts (Regulation) Act by exercise of powers under section 4, authorising the exchange to deal in contracts in securities for a fixed renewal period, and the grant is expressly subject to conditions that may be prescribed or imposed subsequently.

Renewal of recognition granted to Cochin Stock Exchange for one year, subject to operationalisation of a settlement/trade guarantee fund.
SEBI renewed recognition of Cochin Stock Exchange Limited for one year from 8 November 2004 to 7 November 2005 for contracts in securities, subject to the condition that trading may commence only after operationalisation of a Settlement Guarantee Fund/Trade Guarantee Fund duly approved by SEBI.

Jurisdiction of Transfer Pricing Officers revised to allocate territorial areas and alphabetical classes of taxpayers for case assignment.
Amendment substitutes specified Schedule entries to reassign jurisdiction of Transfer Pricing Officers, specifying headquarters, territorial limits and classes of persons (by initial letter of taxpayer name) allocated to each Transfer Pricing Officer, thereby creating a territorial and alphabetical scheme for case assignment under section 120 of the Income Tax Act.

Customs notification amendment: omission of a specified table entry for Uttar Pradesh alters ICD/LCS/port facility classification and applicability.
The Central Board amends Notification No.12/97-CUSTOMS (N.T.) by directing that, for serial number 12 relating to Uttar Pradesh, entry (iv a) in Column (3) and the corresponding entries in Column (4) be omitted from the Table, effecting a textual excision that alters which listed facilities or classifications within that State remain governed by the notification.

Rank equivalence between Directorate General investigators and Central Excise officers clarified, aligning investigative titles with excise ranks.
The Central Board amends the principal notification by substituting the first table entry to prescribe rank equivalence between officers of the Directorate General of Central Excise Intelligence and corresponding Central Excise officer ranks, aligning titles from the Director General level down to Inspector with the matching Chief Commissioner/Commissioner level down to Inspector, pursuant to powers under the Central Excise Act and Central Excise Rules.

Employee accommodation and meals exemptions clarified, defining temporary site housing and permitted free food and non-alcoholic beverages.
Rule 3 of the Income-tax Rules, 1962 is amended to exclude certain employee accommodation at specified operational sites-temporary accommodation with plinth area not exceeding 800 square feet located not less than eight kilometres from municipal or cantonment limits, and accommodation in remote areas-from the sub-rule. Sub-rule (7)(iii) replaces "value of free meals" with "value of free food and non-alcoholic beverages" and provides that employer provided free food and non-alcoholic beverages during working hours at office or business premises, or via non-transferable paid vouchers usable only at eating joints, as well as tea or snacks and provisions in remote or offshore sites, are excluded to the extent specified.

Tax approval for scientific research requires separate research accounts, annual DSIR return by May and audited accounts by October.
Approval of Technology Information, Forecasting & Assessment Council (TIFAC) as an Institution for research-related tax exemption is granted for 1 April 2000 to 31 March 2003, subject to maintaining separate research accounts, filing an Annual Return of scientific research activities with the Secretary DSIR by 31 May each year, and submitting audited annual accounts and an audited income & expenditure account for research activities to the DGIT(Exemption), Secretary DSIR, and the Commissioner/Director of Income Tax (Exemptions) by 31 October each year, plus filing the return of income; renewal applications must be submitted in triplicate.

Research exemption approval requires separate research accounts and annual audited submissions by set statutory deadlines.
M/s K.E.M. Hospital Research Centre is approved as an Institution for research expenditure exemption for 1 April 2002-31 March 2005, subject to maintaining separate research accounts; filing an Annual Return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31 May each year; and submitting audited annual accounts and audited income & expenditure account for research activities to the Director General of Income Tax (Exemption), the Secretary, DSIR, and the Commissioner/Director of Income Tax (Exemptions) having jurisdiction by 31 October each year, in addition to the income tax return.