Approval Committee for pharmaceuticals SEZ establishes membership, ex officio representation, and developer participation in approvals.
Constitution of an Approval Committee for the pharmaceuticals Special Economic Zone at Village Panoli, Gujarat, under Section 13 of the Special Economic Zones Act, 2005, to undertake approval functions for the SEZ developed by M/s. J.B. SEZ Private Limited. The Committee's composition includes the Development Commissioner as Chairperson (or a Joint Development Commissioner in absence), specified ex officio central government members, two state nominated senior officers, and a developer representative as special invitee, with nominee rank requirements for certain offices.

Special Economic Zone notification designates a pharmaceuticals SEZ at Panoli enabling development, operation and maintenance under SEZ rules.
Notification designating a sector-specific Special Economic Zone for pharmaceuticals at Panoli, Gujarat, following grant of approval to M/s. J.B. SEZ Private Limited under Section 3 of the Special Economic Zones Act, 2005; the Central Government, invoking Section 4(1) of the Act and rule 8 of the SEZ Rules, 2006, lists the survey numbers, parcel areas and the aggregate area as the notified SEZ for development, operation and maintenance.

Import restriction on agglomerated artificial stone rough blocks; processed tiles/slabs allowed subject to minimum cif value per sqm.
Amendment restricts import of rough blocks and slabs of agglomerated or artificial stone under ITC(HS) 6810 headings while permitting import of processed tiles and slabs of such material provided they meet a prescribed minimum cif value per square metre; changes apply to specified Exim codes in Schedule I (Imports) of the ITC(HS).

Cess exemption on sugar manufactured from taxed inputs prevents double levy under Sugar Cess Act
Exemption from levy of cess is provided where sugar is manufactured from other sugar on which cess under the Sugar Cess Act, 1982 has already been paid, so that cess charged as a duty of excise under the Act shall not be levied again on sugar produced from such previously taxed sugar.

Renewal of recognition granted subject to final approval for establishment of a settlement and trade guarantee fund before trading.
SEBI granted renewal of recognition to Jaipur Stock Exchange Limited for a one year period commencing January 2009, subject to regulatory conditions. The Exchange is required to commence trading only after obtaining final approval for establishment of a Settlement Guarantee Fund/Trade Guarantee Fund, linking commencement of trading to approval of mandated clearing and guarantee arrangements.

Import policy amendment: certain machine imports reclassified from restricted to free under foreign trade policy notification.
Import policy for Exim Code 8483 10 99 in Schedule I (Imports) of the ITC (HS) Classifications, 2004-09 is amended to read as Free instead of Restricted by a notification dated 7 January 2009, issued under the foreign trade statutory and policy powers and stated to be in the public interest.

Tax-free bonds permit capped interest and require holder registration to secure tax exemption.
Government specification allows a designated infrastructure finance corporation to issue tax-free bonds in the 2008-09 financial year with interest capped at eight percent per annum and an aggregate notified issue; the tax exemption applies only where each bondholder registers their name and holding with the issuer.

Scientific research association approval under Section 35 requires specified accounting, audit and reporting compliance or approval may be withdrawn.
Aeronautical Development Agency is approved as a scientific research association under section 35 read with rules 5C and 5D, effective from 1.4.2006, subject to conditions: sole objective of undertaking scientific research; carrying out research activities itself; maintaining books of account and obtaining an audit by a qualified accountant with the audit report furnished to the Commissioner/Director by the return due date; and maintaining a separate certified statement of donations and amounts applied to scientific research. Approval may be withdrawn for failures to comply with these requirements or if research activity is not genuine.

Scientific research association recognition approved, conditional on carrying out research, audited accounts, and certified donation reporting.
Approval is granted to the Centre for Liquid Crystal Research, Bangalore as a scientific research association under the income tax law from 1 April 2005, conditional on undertaking research as its sole objective, carrying out research itself, maintaining audited books of account and furnishing the audit report to tax authorities by the return due date, and maintaining an auditor certified statement of donations and amounts applied to scientific research attached to the audit report.

Scientific research approval: conditions for tax-deductible donations to approved social science research institutions, including audit and reporting requirements.
Approval is granted to the Centre for Policy Research as an approved institution for social science scientific research under the relevant statutory provision, subject to conditions: sums received must be used for social science research carried out by faculty or enrolled students; separate books of account for research receipts and expenditures must be maintained and audited by a qualified accountant with the audit report furnished to the tax authority by the income-tax return due date; and a separately certified statement of donations received and amounts applied to research must accompany the audit report. Approval may be withdrawn for specified failures to comply.

Double taxation avoidance: treaty allocates taxing rights, limits withholding on cross-border income and ensures information exchange.
The Central Government, under Section 90 of the Income-tax Act, 1961 and Section 44A of the Wealth-tax Act, 1957, directs that the Convention between India and Serbia and Montenegro for the Avoidance of Double Taxation with respect to taxes on income and on capital be given effect in India. The Convention defines scope and key terms, allocates taxing rights including treatment of permanent establishments, sets withholding limits on dividends, interest, royalties and service fees where the beneficial owner is a resident of the other State, provides elimination of double taxation, non-discrimination, mutual agreement and information exchange provisions, and includes a Protocol permitting taxation of immovable property income and related capital gains in both States.

Double taxation avoidance treaty: allocates taxing rights, limits withholding on passive payments and provides relief, cooperation and information exchange.
The Government has directed that the Convention for the Avoidance of Double Taxation between India and Montenegro be given effect in India. The Convention applies to residents and to taxes on income and capital, defines residence and key terms, adopts a permanent establishment standard with profit attribution rules, and allocates taxing rights across income categories (including dividends, interest, royalties, fees for technical services and capital gains) with specified withholding ceilings. It provides for elimination of double taxation by credit, non discrimination, mutual agreement procedures, exchange of information, entry into force and termination rules, and a Protocol allowing both States to tax immovable property income and related capital gains.

Exemption under Section 11C: duty on in-factory parts for certain railway rolling stock waived if input credit reversed.
The Central Government, invoking statutory power, directs that excise duty payable under section 3 on parts produced and used within the factory for manufacture of railway rolling stock goods need not be paid where duty was not levied under a prevailing practice during the specified historical period, provided the unit claiming the benefit reverses any input credit taken in respect of inputs used in those goods.

Inland Container Depot designation deems the handicraft SEZ at Village Kalwara to be an ICD under customs law.
The Central Government appoints 6 January 2009 as the date from which the handicraft sector Special Economic Zone at Village Kalwara, proposed to be developed by M/s. Mahindra World City (Jaipur) Limited, shall be deemed to be an Inland Container Depot under the Customs Act, 1962, thereby imparting the SEZ with the legal status and regulatory framework applicable to an ICD.

Approval Committee for SEZ establishes specified membership and substitution rules for the handicraft sector SEZ at Kalwara.
Constitutes an Approval Committee under Section 13 of the Special Economic Zones Act, 2005 for the handicraft sector Special Economic Zone at Village Kalwara, Jaipur, and lists the committee membership: Development Commissioner (Chairperson), Department of Commerce nominee, Joint Director General of Foreign Trade, Customs Commissioner (or nominee), Income Tax Commissioner (or nominee), Director (Banking), State Industries Commissioner, State industrial development MD, and the developer's representative as special invitee, with a substitute rule for the Development Commissioner.

Special Economic Zone notified for handicraft sector in Kalwara, enabling development and operation under SEZ Act provisions.
The Central Government notifies a sector specific Special Economic Zone for the handicraft sector in Kalwara, Tehsil Sanganer, Jaipur, declared under section 4(1) of the SEZ Act and rule 8 of the SEZ Rules following a proposal by M/s. Mahindra World City (Jaipur) Limited and grant of a letter of approval under Section 3; the notification lists individual Khasra numbers with areas and totals 102.7659 hectares as the notified SEZ area for development and operation.

Inland Container Depot designation confers customs ICD status on a sector specific SEZ for light engineering and automotive.
The Central Government, exercising powers under the Special Economic Zones Act, 2005, designated the sector specific SEZ for light engineering including automotive at Kalwara and Bhambhoriya, Jaipur, developed by M/s. Mahindra World City (Jaipur) Limited, as an Inland Container Depot under the Customs Act, with effect from 6 January 2009.

Approval Committee constitution for light engineering SEZ establishes membership and developer representation under Section 13 authority.
Constitutes an Approval Committee under sub section (1) of Section 13 of the Special Economic Zones Act, 2005 for a light engineering including automotive/automotive component SEZ at Kalwara and Bhambhoriya Villages, Tehsil Sanganer, District Jaipur developed by M/s. Mahindra World City (Jaipur) Limited, and specifies the committee's composition including the Development Commissioner as Chairperson (ex officio), specified ex officio central and state officials, and the developer's representative as a special invitee.

Special Economic Zone notified for light engineering and automotive sector, established following SEZ Act approval and land allocation.
Notification formally designating a sector specific Special Economic Zone for light engineering including automotive and automotive component sector at Kalwara and Bhambhoriya villages, following grant of a letter of approval to M/s. Mahindra World City (Jaipur) Limited under the SEZ Act. The Central Government, invoking its statutory powers and SEZ Rules, specifies the particular land parcels by khasra numbers with corresponding hectare measurements, aggregating to a notified area of 103.1775 hectares.

Newsprint control amendment adds an indigenous mill to approved manufacturers list, expanding the regulated production roster.
Amendment inserts a new Schedule entry to the Newsprint Control Order, 2004, formally adding M/s. Srisri Nivas Paper Mills Private Limited as an indigenous newsprint manufacturer and specifying its location in Jagannathpuram Village, Ponneri, Thiruvallur District, Tamil Nadu, under the powers of Section 18G of the Industries (Development and Regulation) Act, 1951; the Order takes effect on publication in the Official Gazette.