Constitution of appellate committees under Section 86(1A) revised; commissioner jurisdictions realigned for certain Central Excise areas.
Amendment substitutes the serial number 18 table entries in the principal notification under Section 86(1A), realigning appellate responsibility by pairing the Commissioners of Central Excise for the Shillong, Dibrugarh and Guwahati commissionerates and identifying Commissioner (Appeals), Guwahati in the reconfigured entries.

Appeals to appellate tribunal: amendment designates committees of chief commissioners and specified areas for service tax appeals.
Amendment under sub section (1A) of Section 86 revises the Table in the principal Service Tax notification by substituting serial number 21 to designate a committee of Chief Commissioners; the entry lists the Chief Commissioners of Central Excise, Shillong and Kolkata and specifies the areas Dibrugarh, Shillong and Guwahati as the territorial units for allocation of appellate responsibilities.

Committee constitution under Section 86 allocates specified commissioners to oversee service tax appeals to the appellate tribunal.
The notification inserts Sl. No.56 into Notification No. 19/2007-Service Tax, constituting a committee under Section 86(1A) comprised of (1) Commissioner of Central Excise and Service Tax, Large Tax Payers Unit, Delhi and (2) Commissioner of Central Excise, Delhi III, with appellate jurisdiction identified as Commissioner of Central Excise (Appeals), Large Tax Payers Unit, Delhi, thereby allocating appellate oversight for specified service tax areas.

Committee constitution under section 86(1A) updates appellate appeal jurisdictions and adds Director General (Service Tax) reference.
The notification amends the committee composition and territorial jurisdiction under section 86(1A) by substituting the Mumbai committee to include the Chief Commissioner of Central Excise, Mumbai-I; the Director General (Service Tax), Mumbai; and the Commissioner, Large Taxpayers Unit, Mumbai; and by inserting a Delhi committee comprising the Chief Commissioners for Delhi and Chandigarh and the Commissioner, Large Taxpayers Unit, Delhi. The Explanation is amended to add the Director General (Service Tax) to the list of notified authorities.

Appointment of committee members for National Advisory Committee on Accounting Standards via substitution of specified nominees.
Central Government amends the notification constituting the National Advisory Committee on Accounting Standards by substituting the membership entries for serial numbers (4) and (6) with the President of the Institute of Cost and Works Accountants of India and a Principal Director (Commercial) as the nominee of the Comptroller and Auditor General, thereby altering the committee's composition through an administrative substitution under statutory notification powers.

Specified Public Financial Institution added: India Infrastructure Finance Company Limited classified under the Companies Act notification.
Central Government notification S.O. 143(E) dated 14-1-2009 amends the principal notification under section 4A of the Companies Act, 1956 by inserting India Infrastructure Finance Company Limited as a specified Public Financial Institution, thereby adding the company to the consolidated list of entities recognised under the statutory scheme and updating the schedule of specified institutions.

Import Schedule amendment adds BIS standardised pre stressed concrete wires, strands and coated reinforcing bars under ITC(HS) classifications.
Amendment to the Import schedule of the ITC(HS) classifications adds specified BIS standardised steel products to Appendix III of Schedule I (Imports) under the Foreign Trade Policy 2004-09. The notification enumerates six additions by applicable BIS standard and product: plain hard drawn and as drawn steel wire for pre stressed concrete, indented wire, uncoated stress relieved strand, low relaxation seven ply strand, and fusion bonded epoxy coated reinforcing bars, issued under the Foreign Trade Act and paragraph 2.1 of the Policy.

Duty credit scrip for designated special products provides an export incentive tied to FOB value and notified markets.
A duty credit scrip for designated special products/sectors is established at 2.5% of FOB export value; eligibility depends on products/sectors, their linked markets, and admissible export dates as to be notified in the handbook notification table for claiming the scrip.

Tax exemption approval under section 10(23C)(vi) grants conditional recognition to Society for Indian Institute of Rural Management.
Approval is granted to the Society for Indian Institute of Rural Management, Jaipur as eligible for tax-exempt treatment under the relevant clause of the Income-tax statute, effective for the assessment year 2005-06 onwards, provided the society continues to conform to and comply with the statutory clause and the corresponding Income-tax Rules governing recognition.

Non-competitive bidding in government securities auctions enables retail participation under reserved allocation and specified operational rules.
Notification offers 30 year Government stock via a yield based, multiple price auction conducted through the Reserve Bank of India; coupon set at the auction cut off yield with semi annual interest and repayment at par on maturity. An annexed Scheme permits non competitive bids within a reserved portion of the notified amount, prescribes eligibility and single bid limits, submission via banks or primary dealers (with limited direct submission exceptions), allotment at the weighted average yield from competitive bidding and pro rata allocation if oversubscribed, issuance in SGL form, and operational responsibilities and record keeping obligations for banks and PDs.

Non-competitive bidding facility expands retail access in government securities auctions, with reserved allocation and weighted-average allotment.
Notification reissues 8.24 per cent Government Stock, 2018 by a price based multiple price auction conducted by RBI, Mumbai, for a fixed nominal aggregate amount. The ten year stock pays semi annual interest and repays at par; successful bidders remit issue price plus accrued interest. A reserved portion of the issue is available under a non competitive bidding facility allotted at the weighted average yield of competitive bids, with pro rata treatment if oversubscribed and transfer of shortfall to the competitive portion; allotments are issued in SGL form and banks/PDs must manage client allocation, transfer and fee recovery.

Non-competitive bidding facility expands retail participation in government securities auctions, enabling reserved allotment under set operational rules.
The notification reissues 7.56% Government Stock, 2014 by a price-based multiple-price auction with defined allotment and payment dates, eligibility for when-issued trading, six-year tenure from original issue, semiannual interest at 7.56% and repayment at par. Up to five percent of the notified amount is reserved for a Non-competitive Bidding Facility permitting eligible investors without current or SGL accounts to submit a single bid through an intermediary, with allotment at the weighted average auction yield, pro rata distribution if oversubscribed, and operational requirements for intermediaries on aggregation, SGL crediting, transfer timelines, service charges and reporting.

Amendment to foreign exchange borrowing limit increases the regulatory threshold and applies retrospectively with non adverse clarification.
Amendment substitutes the limit in Regulation 4(2)(i) of the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, replacing "twenty five percent" with "fifty percent"; the amendment is titled the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Amendment) Regulations, 2009 and is deemed effective from 15 October 2008. The notification clarifies that no person will be adversely affected by the retrospective effect of the amendment and records that the change is made under the statute's delegated powers.

Newsprint Control Order amendment adds a new indigenous manufacturer to the regulated supply schedule, updating the producer list.
The Newsprint Control (Amendment) Order, 2009 inserts a new Schedule entry adding M/s. Shri Sakthi Papers India (P) Limited with its Tamil Nadu location to the list of indigenous newsprint manufacturers, amending item 4 of the principal Order and taking effect on publication in the Official Gazette under powers of the Industries (Development and Regulation) Act.

Newsprint control amendment adds an indigenous mill to the authorized Schedule, effective on Gazette publication.
Central Government amends the Newsprint Control Order, 2004 to insert M/s. Rama Pulp and Papers Limited, G.I.D.C. Industrial Estate, Vapi, Valsad, Gujarat, into the Schedule of registered indigenous newsprint mills; the Newsprint Control (Amendment) Order, 2009 takes effect on publication in the Official Gazette and references the principal order and prior amendment.

Newsprint Control amendment adds indigenous manufacturer registration entry and brings a new mill under the regulatory schedule.
Amendment to the Newsprint Control Order, 2004, under Section 18G of the Industries (Development and Regulation) Act, 1951, adds a new item to the Order's Schedule identifying an additional indigenous newsprint mill; the Newsprint Control (Amendment) Order, 2009, takes effect on publication in the Official Gazette.

Deduction under Section 35AC: government notifies eligible institutions and projects and sets approved deductible costs.
Notification under section 35AC approves specified non-profit institutions and their listed projects as eligible for tax-deduction treatment, records estimated project costs and corpus components where applicable, and specifies the maximum amount of such costs that may be allowed as deduction for prescribed financial year(s), generally over three years commencing 2008-2009 (with a limited subset approved for two years), following recommendation of the National Committee for Promotion of Social and Economic Welfare.

Committee composition expanded to include Principal Secretary, Secretary, or Commissioner for Industry for exemption administration.
The amendment substitutes in condition (D), clause (i) the words defining the committee to read that the committee may consist of the Chief Commissioner of Central Excise, Shillong, and the Principal Secretary or the Secretary or the Commissioner in the Department of Industry of the State in which the unit is located and the Principal Secretary or the Secretary or the Commissioner in the Department of Industry of the State in which the investment is being made, thereby expanding eligible State Department of Industry representatives for administering the notification's exemptions.

Public Financial Institution designation adds Kerala State Industrial Development Corporation Limited to the specified institutions list.
The Central Government specifies Kerala State Industrial Development Corporation Limited as a Public Financial Institution by inserting a new entry in the principal Gazette notification, thereby adding the Corporation to the official list of specified institutions under the Companies Act.

Deemed Inland Container Depot status enables customs classification and procedures for a sector specific SEZ in the pharmaceuticals sector.
The Central Government, exercising powers under sub section (2) of Section 53 of the Special Economic Zones Act, 2005, fixes an operative date by notification for the sector specific pharmaceuticals SEZ at Village Panoli to be deemed to be Inland Container Depot under Section 7 of the Customs Act, 1962, thereby conferring customs classification and related procedural effect on that SEZ.