Special Economic Zones regime: substitution of Foreign Trade Policy references and narrowed customs exemptions for certain goods.
Directs substitution of references to the Foreign Trade Policy with the Special Economic Zones Act and Rules in specified customs notifications, replaces the Explanation to define 'Special Economic Zone' by section four of the SEZ Act, inserts a proviso excluding a specified list of electronic and communication goods from an exemption in Notification No. 45, and omits S.No. seven and its entries from the Table in Notification No. 20, thereby aligning customs exemptions and definitions with the SEZ statutory framework.

Customs officer designations expanded to classify Special Economic Zone officials as officers of Customs under amended notification.
The notification revises clauses to expressly designate specified ranks and cadres in the Special Economic Zone, including Commissioners, Appraisers, Superintendents (Preventive and Intelligence), Examiners and Preventive Officers, as officers of Customs, omits a prior proviso and deletes an internal cross-reference, and substitutes an Explanation defining "Special Economic Zone" by reference to the Special Economic Zones Act to align the notification with that statutory definition.

Rescission of Special Economic Zones Rules removes the 2003 Rules under the Customs Act, preserving prior actions.
Rescinds the Special Economic Zones Rules, 2003 by Notification No.13/2007-CUSTOMS (N.T.) under powers conferred by the Customs Act and Chapter XA, published in the Gazette, and preserves prior actions by an express savings clause that the rescission does not affect things done or omitted to be done before such rescission.

Rescission of SEZ customs regulations withdraws the prior regulatory regime while preserving pre existing actions.
Rescission of the Special Economic Zones customs regulations by executive notification withdraws the 2003 SEZ (Customs Procedures) Regulations under powers conferred by the Customs Act, published in the official gazette and justified as necessary in the public interest, while preserving a savings provision for things done or omitted before the rescission.

CENVAT credit amendments update tariff classifications and broaden product descriptions, altering rule references and nomenclature.
Notification amends the CENVAT Credit Rules, 2004 by substituting and reclassifying specified tariff headings and items-updating references to grinding wheels and parts, revising certain inorganic chemical tariff items, changing a beverage-related heading reference, and broadening the description of newsprint to include rolls, sheets or reels-effective from publication in the Official Gazette and enacted under powers conferred by the Central Excise Act and the Finance Act.

Rescission of excise notifications effectuates withdrawal of specified tariff exemptions while preserving prior actions already completed.
The Central Government, exercising powers under the Central Excise Act and the Additional Duties of Excise (Goods of Special Importance) Act, rescinds two specified central excise tariff notifications as necessary in the public interest, while preserving the validity of acts done or omissions made before the rescission.

Amendment to public shareholding regulations replaces Schedule reference with Section 6 to correct internal cross reference.
The corrigendum replaces the reference to "Schedule 1A" with Section 6 in sub clause (v) of clause (b) of sub regulation (1) of regulation 2 of the Securities Contracts (Regulation) (Manner of Increasing and Maintaining Public Shareholding in Recognised Stock Exchanges) Regulations, 2006, thereby correcting the internal cross reference within the regulatory text.

Investor education infrastructure expanded to permit proposals for institutional arrangements, programmes, research and training under Fund rules.
The amendment inserts a new clause in rule 7(1) authorising the Fund to receive proposals for setting up institutional arrangements or infrastructure to undertake programmes, projects and action plans, specifying their objectives and expenditure, and expressly including research and training activities as components of such proposals.

Import restriction: betel nuts permitted only through designated port, limiting entry to Mangalore port under trade policy.
The amendment to Schedule I (Imports) of the ITC(HS) Classification permits Free import of betel nuts in all forms but restricts import entry to the Mangalore port, effected under powers of Section 5 of the Foreign Trade (Development and Regulation) Act and the Foreign Trade Policy.

Export prohibition exemption for kabuli chana permits its export under amended foreign trade policy, in public interest.
Amendment exempts kabuli chana from the export prohibition by adding a proviso to the relevant notification, authorising its export under the foreign trade policy and issued in the public interest by the Director General of Foreign Trade; a later substitution removed wording that had confined the exception to exports under specific DGFT permission.

Prohibition on transfer of nuclear sensitive items to or from Iran, with specified limited exceptions for reactor fuel components.
Amendment imposes a prohibition on the direct or indirect export to, or import from, Iran of items, materials, equipment, goods and technology which could contribute to Iran's enrichment-related, reprocessing or heavy water activities or to the development of nuclear weapon delivery systems, covering items listed in INFCIRC/254/Rev8/Part I (Sections B.2-B.7 and A.I and B.I) and items listed in S/2006/815, subject to limited exceptions for light water reactor equipment and certain low enriched uranium fuel element components and specified Category II items.

Export regulation of Indian sheep and goat meat now permitted subject to quality control and inspection requirements.
The notification amends ITC(HS) entries to permit export of meat of Indian sheep and meat of Indian goat as Free, contingent upon meeting the prescribed quality control and inspection requirements set out in the policy notes; previously disparate entries showing prohibitions or conditional freedom are consolidated into unified entries allowing export only on fulfilment of those controls.

Anti-dumping duty on polyester yarn: country and producer specific rates imposed, payable in Indian currency and subject to exchange rules.
Definitive anti-dumping duty is imposed on specified polyester yarns from Indonesia, Republic of Korea, Malaysia and Chinese Taipei following findings of dumping, material injury and causation. The notification prescribes country-, producer- and exporter-specific duty rates per metric tonne (in US$) in a detailed table; some named producers/exporters have nil or lower duties. Duties are payable in Indian currency with the rate of exchange determined by Government notification and the relevant date as the bill of entry presentation. The notification records subsequent amendments and omissions affecting scope and applicability.

Industrial park notification: tax benefits conditional on compliance with infrastructure, unit and transfer requirements.
The Central Government notifies the Sotanala, Alwar undertaking of M/s. Rajasthan State Industrial Development & Investment Corporation Limited, Jaipur, as an industrial park for clause (iii) of sub-section (4) of section 80-IA, subject to annexed conditions including project particulars, minimum infrastructure investment thresholds, a cap limiting any single unit to fifty percent of allocable industrial area, prerequisites for foreign investment approvals, requirement that tax benefits accrue only after the minimum number of units are located, continued operation by the notifying entity, transfer intimation procedures, and provisions for invalidation or withdrawal for non-compliance.

Industrial park tax benefit eligibility: notified with infrastructure, allocation and compliance conditions for developer operation.
Central Government notification designates M/s. Rajasthan State Industrial Development & Investment Corporation Limited's project as an industrial park for purposes of Section 80-IA(4)(iii), subject to annexed conditions requiring specified allocation of area, a minimum number of units, defined infrastructure investment thresholds (higher where built-up space is provided), identification of eligible infrastructure, restrictions on single-unit area occupancy, separate statutory or foreign investment approvals, operation and maintenance by the developer during the benefit period, and grounds for invalidation or withdrawal of approval for misinformation, amendment without approval, delays, or non-compliance.

Tax exemption under income tax clause notified for Delhi Lawn Tennis Association subject to application, investment and business conditions.
Notification designates Delhi Lawn Tennis Association eligible for the clause (23) exemption for assessment years 1990 91 to 1992 93, contingent on application or accumulation of income exclusively to its objects under the relevant accumulation rules, restriction of fund investment to legally specified modes (excluding certain voluntary contributions in specified articles), prohibition on distribution of income to members except grants to affiliated bodies, and exclusion of business profits unless incidental to objectives with separate books maintained.

Tax exemption notification conditions eligibility on exclusive application of income, restricted investments, and separate accounting for business activities.
Notification designates the Delhi Lawn Tennis Association as eligible for exemption under clause (23) of section 10, conditioned on exclusive application or permitted accumulation of income to its objects as per sections 11(2) and 11(3), investment of funds only in modes specified by section 11(5) (except certain voluntary contributions in notified tangible forms), prohibition on distribution of income to members except as grants to affiliated bodies, and exclusion of business profits from the exemption unless incidental to objectives with separate books maintained.

Tax exemption under clause (23), section 10: Delhi Lawn Tennis Association subject to application, investment, distribution and business restrictions.
Notification designates Delhi Lawn Tennis Association as entitled to exemption under clause (23) of section 10 for specified assessment years, subject to conditions: income must be applied or accumulated solely for its objects per the modified section 11 rules; voluntary contributions may be held in specified tangible forms while other funds must be invested in modes permitted by section 11(5); income distributions to members are prohibited except grants to affiliated associations; business profits are excluded unless incidental to objectives and maintained in separate books.

Extension of eligible project designation: tax-qualification renewed for Deepk Charitable Trust's maternal and child health scheme.
The Central Government has specified the Safe Motherhood and Child Survival project carried out by Deepk Charitable Trust as an eligible project under the Explanation to Section 35AC for a further three-year period commencing 2006-07, without change to the approved project cost, following a recommendation by the National Committee for Promotion of Social and Economic Welfare that the project is being executed properly and is likely to extend beyond its initial three-year term.

Specification of eligible project under section 35AC: polio hospital scheme's cost ceiling enhanced while retaining eligibility.
The Central Government specifies the Running of Polio Hospital, Rehabilitation and Research Centre at Hiran Magri, Udaipur, by Narayan Seva Sansthan as an eligible project under the Explanation to section 35AC and, on the recommendation of the National Committee for Promotion of Social and Economic Welfare, amends the original notification to substitute the previously stated maximum allowable project cost with a new, substantially increased project cost ceiling (including the corpus fund component) in the table against serial number 2.