Research exemption approval under section 35 imposes accountability, reporting and audit obligations for notified research institutions.
LPG Equipment Research Centre (LERC) is approved as an Institution under clause (ii) of sub section (1) of section 35, subject to maintaining separate research books of account, furnishing an Annual Return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited Income & Expenditure Account for research to the Director General of Income Tax (Exemptions), the Secretary, DSIR, and the relevant Commissioner/Director of Income Tax by 31 October, plus its income tax return; renewal applications must be filed in triplicate.

Tax exemption approval for a notified infrastructure project, contingent on compliance with law and submission of audited accounts.
Central Government approved M/s GVK Industires Ltd as a notified project for the purpose of section 10(23G), read with rule 2E, for its 440 MW Phase II gas based combined cycle power project, subject to conformity with the provisions of section 10(23G) and rule 2E; approval is liable to withdrawal if the enterprise ceases to carry on the infrastructure facility, fails to maintain and audit books of account as required, or fails to furnish the audit report.

Tax exemption approval under section 10(23G) subject to audit, accounts maintenance and potential withdrawal for noncompliance.
Approval under Section 10(23G) read with rule 2E is granted to M/s GVK Jaipur Kishangarh Expressway Pvt. Ltd. for its BOT highway widening and rehabilitation project for specified assessment years, subject to compliance with section 10(23G) and rule 2E, maintenance and audit of books as required by sub rule (7) of rule 2E, and furnishing the audit report; the Central Government may withdraw approval if the undertaking ceases the infrastructure activity or fails the accounting and reporting requirements.

Classification change: Anthranilic Acid added under ITC(HS) 2901, free with required No Objection Certificate from Narcotics Commissioner.
Amendment to ITC(HS) adds Anthranilic Acid under code 2901 as Free in Table B of Schedule 2, subject to a No Objection Certificate from the Narcotics Commissioner of India, Gwalior for specified sub-items, incorporated pursuant to the Foreign Trade (Development & Regulation) Act and the Export and Import Policy, 2002-2007.

Research expenditure approval granted; association must maintain separate accounts and file annual returns and audited accounts.
Approval is granted to M/s Centre for Materials for Electronics Technology as an Association for research related tax exemption, subject to maintaining separate books for research, furnishing an annual scientific research return to the Department of Scientific & Industrial Research by the prescribed deadline, and submitting audited annual accounts and audited income & expenditure accounts for research activities to designated tax and departmental authorities by the annual filing deadline; renewal applications must be made in triplicate and copies sent to the Department.

Section 35 approval for research institutions conditions tax-exemption eligibility subject to accounting, annual returns, and audited submissions.
M/s Vedanta Cultural Foundation is approved under section 35 for the period 1.8.2003 to 31.3.2006, subject to maintaining separate books for research and meeting reporting requirements: annual scientific research returns to the Department of Scientific & Industrial Research by 31 May, and submission by 31 October of audited annual accounts and audited income & expenditure accounts for research activities to the designated tax and departmental authorities; renewal applications must be submitted in triplicate through the tax exemption authority and directly to the Department.

Import licensing conditions removed: specified sub clauses in Chapter One of ITC(HS) classification notes are deleted.
Amendment effects the deletion of specified import licensing conditions from the ITC (HS) Classifications 2002-2007: the conditions listed at serial entries identified as sub clauses (2)(iii), (2)(iv) and (2)(v) of the Import Licensing Notes to Chapter One are removed, altering the regulatory text that implements import licensing requirements under Chapter One of the classifications.

Anti-dumping duty on caustic soda imports imposed to counter dumping by exporters from specified foreign jurisdictions.
Anti-dumping duty is imposed on imports of Sodium Hydroxide (Caustic Soda) under sub-heading 2815 11 and tariff item 2815 12 00 following designated authority findings of dumping, material injury and causal link. The duty equals the difference between a specified per Dry Metric Tonne amount in US Dollars and the landed value of the imported goods; the notification's Table identifies country of origin, country of export, producer, exporter, unit of measurement and currency for each entry. Duty is payable in Indian currency, landed value is defined by the Customs Act, and exchange rates for calculation are determined by the Central Government based on the bill of entry date.

Tariff value fixation updates for palm products, soyabean oil and brass scrap altering import valuation rules under Customs.
The Board, under section 14(2) of the Customs Act, 1962, substitutes the Table in Notification No.36/2001-Cus. (NT) to fix US$ per metric tonne tariff values for specified goods. The revised table lists tariff values for crude palm oil, RBD palm oil, other palm oil, crude palmolein, RBD palmolein, other palmolein, crude soyabean oil (no change) and brass scrap (all grades; no change), thereby updating benchmark import valuation for customs purposes.

Deduction under section 80LA requires an accountant's Form 10CCF certifying eligible offshore banking income in SEZs.
The rules insert Form 10-CCF under rule 19-AE as the required accountant's report for claiming the deduction for Offshore Banking Units in Special Economic Zones, mandating certification that the deduction is based on income received in convertible foreign exchange and supported by Annexure-A detailing assessee identification, Offshore Banking Unit particulars, permissions, gross income, non-convertible receipts, attributable expenses and computed income eligible for deduction.

Anti-dumping duty on metallurgical coke imposed on imports from Japan, payable in Indian currency during the provisional period.
The Central Government imposed a provisional anti-dumping duty on low ash metallurgical coke (ash

Rescission of customs notification withdraws a prior exemption, while preserving actions completed before the rescission.
The Central Government rescinds the earlier customs exemption notification under section 9A(2) of the Customs Tariff Act, 1975 read with rules 13 and 20 of the 1995 Anti-dumping Rules, withdrawing the prior instrument issued in January 2003 and preserving acts or omissions completed before the rescission.

Anti-dumping duty on float glass targeting dumped imports from China and Indonesia, with exporter-specific rates and exchange rules.
Imposition of anti-dumping duty on float glass 2 mm-12 mm (excluding green/reflective/processed varieties) from China and Indonesia, with exporter- and producer-specific rates per metric tonne set in US dollars. Duty applies under tariff heading 7005, is payable in Indian currency, effective from the provisional duty date, and calculated using the exchange rate specified by the Ministry of Finance with the bill of entry date as the relevant date. The notification remains in force until the specified expiry unless revoked earlier.

Research institution approval requires separate research accounts and annual audited submissions to designated authorities by set deadlines.
Approval under clause (ii) of sub section (1) of section 35 read with Rule 6 is conditional on maintaining separate books for research, furnishing an annual return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and an audited Income & Expenditure Account for research activities to designated tax and DSIR authorities by 31 October, in addition to filing the income tax return; renewal applications must be made in triplicate via the relevant Commissioner/Director and three copies sent directly to the Secretary, DSIR.

Research institution approval under section 35 requires separate research accounts and annual audited submissions to designated authorities.
Approval under clause (ii) of sub-section (1) of section 35 is granted to the Gujarat Institute of Desert Ecology as an Institution, subject to maintaining separate books for research, furnishing an annual return of scientific research activities to the Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited income & expenditure accounts for research to designated authorities by 31 October, alongside the regular income-tax return.

Approval under section 35: research association must keep separate accounts and file annual returns and audited research accounts.
M/s. National Institute of Ocean Technology is approved as an "Association" under clause (ii) of sub section (1) of section 35 for 1.4.2001 to 31.3.2004, subject to maintaining separate books for research, filing an Annual Return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31 May, submitting audited annual accounts and audited Income & Expenditure Account for research to designated authorities by 31 October, and applying in triplicate for renewal through the Commissioner/Director (Exemptions) with copies to the Secretary, Department of Scientific & Industrial Research.

Research institution approval under section 35(1) requires separate research accounts and annual audited submissions to authorities.
Approval is granted to M/s. Medical Research Centre of Bombay Hospital Trust as an Institution under clause (iii) of sub section (1) of section 35 of the Income tax Act, 1961, subject to maintaining separate books for research and filing an annual return of scientific research activities with the Secretary, Department of Scientific & Industrial Research by 31 May. The institution must also submit copies of audited annual accounts and audited income & expenditure accounts for research activities to designated tax and scientific authorities by 31 October each year and apply in triplicate for renewal.

Tax approval for research institutions requires separate research accounts, annual returns by May and audited reports by October.
Approval of M/s International Board of Yoga as an institution under clause (iii) of sub section (1) of section 35 read with Rule 6 is notified for 1 April 2001 to 31 March 2004 and is subject to conditions: maintain separate books for research activities; furnish annual return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31 May; submit audited annual accounts and audited income & expenditure accounts for research to the Director General of Income Tax (Exemptions), the Secretary, DSIR, and the Commissioner/Director of Income Tax by 31 October; and apply in triplicate for renewal through the Commissioner/Director of Income Tax while sending copies to the Secretary, DSIR.

Research institution approval under income tax law requires specified recordkeeping and annual submissions to designated authorities by prescribed dates.
Approval is granted to M/s The Mother's Service Society as an Institution under section 35 for 1 April 1999-31 March 2002, subject to maintaining separate books for research; furnishing the annual return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31 May each year; and submitting audited annual accounts and audited income & expenditure account for the research activities to specified tax and DSIR authorities by 31 October each year, in addition to filing the income tax return. Renewal applications must be submitted in triplicate through the Commissioner/Director and three copies sent to the Secretary, DSIR.

Section 35 approval: research institutions must keep separate research accounts and file annual returns and audited research accounts timely.
Approval for M/s Gujarat Institute of Development Research as an Institution under section 35 is subject to maintaining separate books for research, filing an annual return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and a separate audited income & expenditure account for research to designated tax and DSIR authorities by 31 October, alongside the income tax return. Renewal must be applied for in triplicate through the Commissioner/Director of Income tax (Exemptions) with three copies to the Secretary, DSIR.