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Income-tax (First Amendment) Rules, 2008
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Eligibility of industrial parks for tax benefits under section 80-IA requires central notification and ongoing scheme compliance.
Eligibility for benefits under section 80-IA requires an undertaking to begin developing, developing and operating, or maintaining and operating an industrial park within the prescribed commencement window; the undertaking and park must be notified under the Industrial Park Scheme, 2008; and the undertaking must continue to fulfill the Scheme's conditions to retain entitlement.
Amendment in Newsprint Control Order, 2004, in the Schedule
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Amendment to Newsprint Control Order adds an indigenous mill to the Schedule, effective on Gazette publication.
The Central Government, under the Industries (Development and Regulation) Act, 1951, amends the Newsprint Control Order, 2004 by inserting a new entry in the Schedule to add an indigenous newsprint manufacturer with its name and location; the amendment takes effect upon publication in the Official Gazette and is recorded against the notifying file reference.
Prohibition on export of wheat and wheat products-exemption for export of wheat flour to Maldives
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Export prohibition exception for wheat flour permits specified shipment to Maldives via designated state trading companies under Foreign Trade Policy.
Prohibition on export of wheat and wheat products is modified to exempt export of wheat flour to Maldives, such that the export ban on wheat flour shall not apply to specified consignments to Maldives routed through designated state trading companies; the amendment takes immediate effect under powers of the Foreign Trade Act and Foreign Trade Policy and is issued in public interest as an addition to the earlier prohibition notification.
Anti Dumping Duty of Float Glass imported from China and Indonesia shall be effective upto 6-1-2009 - Notification no. 165/2003 dated 12-11-2003
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Anti-dumping duty extension on float glass continues pending review under Customs Tariff Act until 6 January 2009.
The Central Government, acting on the Designated Authority's initiated review and request for extension, amended Notification No.165/2003-Customs to provide that the anti-dumping duty on float glass from China and Indonesia shall remain in force up to and inclusive of 6 January 2009, unless revoked earlier, thereby extending the duty pending completion of the administrative review under the Customs Tariff Act and relevant anti dumping rules.
Amends Notification No. 102/2006-Customs, dated the 29th September, 2006 on anti-dumping duty on Para Hydroxy Phenyl Glycine Methyl Potassium Dane Salt (PHPG DS)
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Anti-dumping duty continuation extended on PHPG DS from Singapore pending review, remaining in force until 10 November 2008.
The Central Government amends Notification No.102/2006-Customs to insert a provision extending the anti-dumping duty on D(-) Para Hydroxy Phenyl Glycine Methyl Potassium Dane Salt (PHPG DS) from Singapore, pursuant to sub-sections (1) and (5) of section 9A of the Customs Tariff Act and rule 23, so that the notification remains in force up to and inclusive of 10th November 2008 unless revoked earlier, preserving the duty during the ongoing review.
Amends Notification No. 117/2003-Customs, dated the 24th July, 2003 on anti-dumping duty on Para Hydroxy Phenyl Glycine Methyl Potassium Dane Salt (PHPG DS)
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Anti-dumping duty continuation extended for Para Hydroxy Phenyl Glycine methyl potassium dane salt originating from China pending review.
Amendment adds an operative paragraph extending the anti-dumping duty on D(-) Para Hydroxy Phenyl Glycine Methyl Potassium Dane Salt (PHPG DS) originating in or exported from the People's Republic of China, pending completion of a designated authority review; the extension preserves the existing duty in force up to and inclusive of 10th November, 2008 unless revoked earlier, effected under powers conferred by the Customs Tariff Act and the Customs Tariff Rules.
E. COMPLEX PRIVATE LIMITED, GUJARAT
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Special Economic Zone approval enables establishment of an engineering goods SEZ under the SEZ regulatory framework.
The Central Government notified specified survey parcels as a sector specific engineering goods Special Economic Zone, following grant of a letter of approval to the private developer and exercise of powers under the Act and Rules; the notification enumerates survey numbers and areas totaling 124.1199 hectares and brings those parcels within the SEZ regulatory regime for development, operation and maintenance.
Section 35(1)(iii) of the Income-tax Act, 1961 - Scientific research expenditure - Approved social science or statistical research associations or institutions
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Scientific research expenditure approval conditioned on audited accounts and use for social science research; noncompliance risks withdrawal of approval.
Kripa Foundation, Mumbai is approved under Section 35(1)(iii) as an 'other Institution' from 1-4-2002, subject to conditions: use of sums for social science research; research conducted through faculty or enrolled students; maintenance of books of account and an audit by a qualified accountant with the audit report filed by the return due date; and a separate auditor-certified statement of donations received and amounts applied to research. Approval may be withdrawn for failure to maintain books, furnish the audit report or certified statement, cease genuine research activity, or otherwise fail to comply with clause (iii) and rules 5C and 5E.
Amends in notification no. S.O. 1520(E) dated 11-9-2007
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SEZ amendment corrects village name and replaces survey numbers for a sector specific SEZ at Udupi location parcels.
Amendment under the Special Economic Zones Act, 2005 and rule 8 revises site identification for the sector specific SEZ by M/s. Suzion Infrastructure Limited in Udupi, Karnataka: the village name "POLIMARU" is corrected to "PALIMARU" and the survey numbers at serial number 145 and serial numbers 199-203 are replaced by the alternative survey identifiers specified in the notification's table.
Renewal and recognition of the Stock Exchange Limited, Vadodara
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Renewal of recognition for a stock exchange granted under securities regulation, subject to prescribed regulatory conditions.
SEBI, exercising powers under section 4 of the Securities Contracts (Regulation) Act, 1956, has granted renewal of recognition to Vadodara Stock Exchange Limited in respect of contracts in securities following an application under section 3; the renewal is subject to conditions which SEBI may prescribe or impose hereafter and is founded on the Board's satisfaction that renewal is in the interest of trade and the public.
Amends Notification No. 36/2001-Cus (N.T.), dated, the 3rd August 2001 (Palm oil, Palmolein, Soyabean Oil (Crude) and Brass Scrap (all grades) - Tariff Values)
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Tariff value fixation for imported commodities establishes updated import valuation consequences under customs rule.
Substitutes the Table in Notification No.36/2001-Cus (N.T.) by fixing tariff values in US dollars per metric tonne for listed imported goods, including crude palm oil, RBD palm oil, palmolein variants, crude soyabean oil, brass scrap (all grades) and poppy seeds, under the Board's power conferred by section 14(2) of the Customs Act, 1962.
Amends Notification No. 106/2003-Customs, dated the 10th July, 2003 on anti-dumping duty on Mulberry Raw Silk
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Anti-dumping duty extension on Mulberry Raw Silk continued under statutory review powers, preserving duty protection during review.
The Central Government, invoking the statutory continuation power and the Customs Tariff review rule, amends the principal notification to insert a clause that the anti-dumping duty on Mulberry Raw Silk (not thrown) 2A grade and below from the People's Republic of China shall remain in force up to and inclusive of 1st January, 2009, unless revoked earlier, thereby extending the notification pending completion of a review requested by the designated authority.

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