Special Economic Zone designation establishes IT/ITES/BPO SEZ at Madhuranthagam Taluk under the SEZ Act by notification.
Notification designates a sector-specific Special Economic Zone for information technology, information technology enabled services and Business Process Outsourcing at Madhuranthagam Taluk, Kanchipuram District, Tamil Nadu under the Special Economic Zones Act and Rules, following grant of a letter of approval. The notification lists specific land parcels by village and survey number with their hectare measurements, defining the SEZ's geographic extent and recording a total area of 11.78 hectares for development and operation of the zone.

Special Economic Zone expansion approved; additional land at Kalwara notified under SEZ Act and Rules.
Notification adding an additional 78.92 hectares to the Special Economic Zone for information technology and information technology enabled services at Kalwara Village, Tehsil Sanganer, District Jaipur, notified by the Central Government under the second proviso to sub section (1) of Section 4 of the SEZ Act and rule 8 of the SEZ Rules, following fulfillment of requirements under sub section (8) of Section 3 and issuance of a letter of approval for development and operation.

Transitional liability recognition: enterprises may elect immediate reserve adjustment or phased expense recognition, with limits on actuarial gain recognition.
Amendments to AS 15 require consideration of any unrecognised transitional liability when accounting for subsequent actuarial gains, clarify that curtailment or settlement gains or losses include a proportionate share of previously unrecognised past service cost and transitional amounts determined by present value of obligations before and after the event, and provide that where the transitional liability exceeds the pre-revised liability an enterprise must irrevocably choose immediate adjustment to opening reserves or phased expense recognition with specified disclosure, recognition limits on actuarial gains, and inclusion of unrecognised transitional parts in subsequent settlement or curtailment calculations.

Transitional liability recognition: irrevocable choice to adjust reserves or amortise increase, with limits on actuarial gain recognition.
Amendments to AS 15 require that unrecognised parts of transitional liability be considered when accounting for subsequent actuarial gains; curtailment or settlement gains or losses must include a proportionate share of previously unrecognised past service cost and transitional amounts determined by change in present value of obligations; and where transitional liability exceeds previously recognised liability an irrevocable choice must be made to adjust opening reserves immediately or amortise the increase over up to five years, with specified disclosure, measurement limits and caps on recognition of subsequent actuarial gains.

Exemptions to Right to Information updated: specified intelligence and financial units substituted and one schedule entry omitted.
Central Government notification exercises delegated rulemaking power under the Right to Information Act to amend the Second Schedule by substituting the entries at serial numbers 16, 17 and 18 and omitting the entry at serial number 22, thereby updating which public authorities are listed in the Schedule.

Export controls on rice maintain conditional export permissions subject to quality certification and minimum export price requirements.
Basmati rice exports are designated free subject to conditions: exports to the Russian Federation require pre-shipment quality certification by the Sri Ram Institute for Industrial Research or another notified agency, and exports are permitted only if a prescribed Minimum FOB price is met; non-basmati rice exports are exempted from the prohibition where the Minimum FOB Export Price satisfies the specified threshold. Transitional relief under Para 1.5 is excluded for this ban, while Para 9.12 of the Handbook of Procedures remains applicable.

Value addition based excise exemption: duty measured on value addition with CENVAT-first payment and refund procedures.
Notification shifts exemption basis for goods in Sikkim to duty on value addition, prescribing percentage rates by tariff chapter, capping payable duty at duty actually paid excluding CENVAT, requiring manufacturers to exhaust CENVAT credit before cash payment, and establishing monthly reporting, refund or account current credit options, compliance verification, recovery for irregular credits, and a mechanism for fixation of a Commissioner determined special rate based on prior year financials with provisional refunds and government oversight.

Duty on value addition redefined for exemptions, with percentage rates, refund procedure, credit option and special rate application.
The amendment replaces the prior exemption basis with a duty payable on value addition assessed as percentage rates by tariff chapter and caps refund to duty paid other than by CENVAT credit. It mandates monthly statements, administrative verification and refund timelines, allows an account current credit option subject to an annual written election and reversal/recovery rules, and permits manufacturers to seek a Commissioner fixed special rate based on audited actual value addition with provisional refund and post fixation adjustment mechanisms.

Duty on value addition set by prescribed percentage table, with refund provisions and option to seek a special rate.
The amendment defines duty payable on value addition as a percentage of total duty on specified excisable goods per a prescribed Table, limits refund to duty paid other than by CENVAT credit, and requires manufacturers to first utilize CENVAT credit where all goods are eligible. It establishes a monthly statement and refund procedure, permits optional crediting to an account current subject to election, verification, reversal and recovery rules, and provides an application process for a special rate based on actual value addition with auditor certification and provisional refund mechanics.

Value addition duty mechanism: prescribed percentage rates and refund or credit procedures for eligible manufacturers in specified northeastern States.
The amendment substitutes the preamble and replaces paragraphs in Notification No.20/2007 to impose a duty payable on value addition for eligible goods manufactured in specified northeastern States, prescribing percentage rates by tariff chapter and capping the duty by the duty actually paid other than by CENVAT. It establishes monthly filing and refund procedures, permits manufacturers to take the refund amount as account-current credit (subject to conditions and verification), and provides a process for applying for and fixing a special rate representing actual value addition, including calculation rules and provisional refund provisions.

Designation of Central Excise authority: Income Tax LTU chief commissioners vested with Central Excise Chief Commissioner powers nationwide.
The notification appoints Chief Commissioners of Income Tax, Large Taxpayer Unit as Central Excise Officers and vests them with the powers of the Chief Commissioner of Central Excise to be exercised throughout the territory of India for the purposes of the Central Excise Act and the rules made thereunder.

Central Excise notification amendment adds Chief Commissioners of Income-tax, Mumbai units to LTU notification list.
The Central Government amends the LTU-related notification by inserting, in paragraph 2 after item (iii) following the words "(other than district of kolar),", the names of the Chief Commissioners of Income-tax and specified Income-tax Directorates in Mumbai, thereby adding those offices to the notification's operative list under the authority of the Central Excise Rules and Service Tax Rules.

Duty on value addition replaces prior exemption, with procedural refund mechanisms and option for special-rate fixation.
Amendment replaces prior exemption wording with a duty on value addition regime: duty is calculated as specified percentages of total duty on excisable goods per a Table, with a residual rate for unlisted goods and a cap equal to the duty actually paid in cash (excluding CENVAT). Monthly submission and verification procedures govern refunds; manufacturers may instead credit calculated amounts to an account current under conditions, or apply for a Commissioner-fixed special rate based on audited prior-year value addition, with provisional refunds and subsequent adjustments. Effective 1 April 2008.

Duty payable on value addition established as basis for excise exemption, with refund and CENVAT credit procedures defined.
Notification replaces prior measure with duty payable on value addition, prescribing tabled percentage rates by chapter/description and capping payable duty at the cash duty actually paid (excluding CENVAT). It requires monthly submission of duty and CENVAT utilisation statements to the Assistant/Deputy Commissioner, who shall verify and refund the duty payable on value addition; manufacturers may instead elect to take computed credit in an account current subject to reporting, verification, reversal of excess credit, and recovery mechanisms. A process is provided to seek a Commissioner-fixed special rate based on audited prior-year value addition with provisional refunds and subsequent adjustments.

Excise duty exemption on processed textile yarn used in Chaddars and Terry Towels, subject to notification eligibility and input-credit reversal.
Directs non-recovery of excise duty on yarn processed by doubling, winding, warping, bleaching, dyeing, pirn winding or similar processes and classifiable under Chapters 52, 54 and 55 when used in manufacture of Chaddars and Terry Towels for the period 1st April 2003 to 8th July 2004, provided the final products were cleared availing specified exemption notifications and the claiming unit reverses any input credit taken in respect of inputs used in manufacture of such intermediate goods.

Excise duty exemption for specified goods conditional on reversal of input tax credit for past non levy practice.
The notification directs that the whole of duty of excise leviable under the Central Excise Act on specified tariff sub headings was not required to be paid for defined past periods due to a prevailing practice of non levy; relief for manufacturers is conditional on reversal of any input tax credit taken for inputs used in the manufacture of those goods during the relevant periods.

Duty on value addition set as percentage of total duty with refund mechanism and option to seek a special rate.
Amendment substitutes exemption basis to the duty payable on value addition and prescribes percentage rates by tariff chapter for computing that duty. It requires manufacturers to first utilize CENVAT credit, submit monthly statements, and obtain refunds of the duty payable on value addition after verification; alternatively, manufacturers may elect to take credit in an account current subject to reporting, verification, reversal of excess credit and recovery provisions. A procedure is provided to apply for a Commissioner fixed special rate based on audited actual value addition, with provisional refunds and subsequent adjustments.

Duty on value addition: revised percentage-based rates with procedural refund and account-credit options for excise exemption.
Replaces exemption tied to duty paid with calculation of duty payable on value addition determined as specified percentage rates by Chapter and description; limits payable duty to duty actually paid excluding CENVAT credit where higher, mandates exhaustion of CENVAT credit when all goods are exempt, prescribes monthly reporting and refund or account-current credit procedures subject to verification and recovery rules, and provides an application-based special-rate mechanism reflecting actual value addition with provisional refund and government control over fixation.

Delegation of powers: Chief Commissioner (Large Taxpayer Unit) Mumbai authorised to exercise Commissioner-level jurisdiction for LTU matters.
The Chief Commissioner (Large Taxpayer Unit) Mumbai, headquartered at Mumbai, is directed to exercise the powers and perform the functions in respect of the territorial areas, persons or classes of persons, incomes or classes of income, or cases or classes of cases for which the Commissioner of Income-tax (Large Taxpayer Unit) Mumbai has jurisdiction; the notification takes effect from its publication in the Official Gazette.

Delegation of powers to Large Taxpayer Unit Commissioner for cases meeting specified excise, service tax and advance tax thresholds.
The Commissioner of Income-tax (Large Taxpayer Unit) Mumbai is empowered to exercise provisions of the Income-tax Act, including Chapters XVII-B and XVII-BB, for specified cases and persons set out in the Schedule; the Commissioner may delegate those powers in writing to Additional or Joint Commissioners, who may further delegate in writing to Assessing Officers for matters so authorized. Jurisdiction is limited to cases assigned under section 127 and to persons consenting to the LTU scheme who meet the Schedule's payment-based thresholds. The notification is effective from publication in the Official Gazette.