Corrigendum to notification: Commissioner of Customs location amended from Chennai to Cochin for administrative clarity.
Corrigendum amends the earlier customs notification by substituting in serial no.(iii) the reference to "the Commissioner of Customs, Customs House, Chennai" with "the Commissioner of Customs, Customs House, Cochin", altering the administrative designation specified in the original notification.

Officer designation correction: replaces 'Joint Commissioner' with 'Commissioner' in customs notification, clarifying appointing authority term.
The corrigendum amends Notification No. 38/2007-Customs (N.T.), substituting Commissioner for "Joint Commissioner" at the specified line in the original Gazette publication, thereby correcting the officer designation referenced in the notification and clarifying the intended administrative authority.

Pledge of promoter shares allowed to secure external commercial borrowings subject to authorised dealer no objection and conditions.
Promoters of Indian companies that have raised external commercial borrowings may pledge shares of the borrowing company or its resident associates to secure those ECBs only with prior no objection from a bank authorised dealer. The authorised dealer must ensure compliance with ECB guidelines, an executed loan agreement containing a security clause, and that a Loan Registration Number has been obtained. The pledge must be co terminous with the ECB maturity; transfers on invocation must comply with FDI policy and Reserve Bank directions; and the statutory auditor must certify permitted use of ECB proceeds.

Common adjudicating authority appointed to exercise Customs adjudication powers over a show cause notice involving a company's export matter.
In exercise of powers under sub section (1) of section 4 and sub section (1) of section 5 of the Customs Act, 1962, the Central Board of Excise and Customs appoints the Joint Commissioner of Customs (Export), Jawaharlal Nehru Custom House, Nhava Sheva, Raigad, Maharashtra as the common adjudicating authority to exercise the powers and discharge the duties of the Joint Commissioner of Customs, Kandla for adjudicating matters arising from a Show Cause Notice issued by the Additional Director, Directorate of Revenue Intelligence, Ahmedabad Zonal Unit relating to M/s Electrotherm (India) Limited.

Appointment of Common Adjudicating Authority to hear customs show cause notices in a non tariff matter involving MMTC Limited.
The Central Board of Excise and Customs, under powers conferred by the Customs Act, 1962, appoints the Commissioner of Customs and Central Excise, Vishakhapatnam-II, as the common adjudicating authority to exercise the powers and duties of the Commissioner of Customs and Central Excise, Bhubneshwar-I, for adjudicating show cause notices issued to M/s MMTC Limited and others by the Additional Director General, Directorate of Revenue Intelligence, Zonal Unit, Chennai.

Common adjudicating authority appointed to hear show cause matters relating to A.D. Adhesive Industries under customs jurisdiction.
The Central Board appoints the Commissioner of Central Excise, Delhi IV, as common adjudicating authority empowered under sub section (1) of section 4 and sub section (1) of section 5 of the Customs Act, 1962, to exercise the powers and duties of specified Commissioners of Customs for the purpose of adjudicating the Show Cause Notice(s) relating to M/s. A.D. Adhesive Industries and others issued by the Additional Director General, Delhi Zonal Unit, Directorate of Revenue Intelligence.

Appointment of Common Adjudicating Authority to adjudicate DRI show cause notice involving AGS Infotech under customs law
Appoints the Commissioner of Customs, Sea Port Import, Nhava Sheva as a common adjudicating authority to exercise the powers and discharge the duties of certain named Customs officers for adjudicating the show cause notice issued to M/s AGS Infotech Private Limited and others arising from revenue intelligence zonal proceedings.

Common adjudicating authority appointed to adjudicate DRI show-cause notices by conferring commissioner powers to another officer.
The Central Board of Excise and Customs appointed the Commissioner of Customs, Inland Container Depot, Tughlakabad, New Delhi as a common adjudicating authority to exercise the powers and discharge the duties of the Commissioner of Customs (Import), Jawaharlal Nehru Port Trust, Nhava Sheva for adjudicating show-cause proceedings arising from a Directorate of Revenue Intelligence notice concerning M/s Panchsheel Soap Factory and another.

Common adjudicating authority appointed: Commissioner, ICD Tughlakabad to adjudicate DRI show cause notices concerning M/s G.N. International.
The Central Board of Excise and Customs, invoking sections 4(1) and 5(1) of the Customs Act, appoints the Commissioner of Customs, Inland Container Depot, Tughlakabad as a common adjudicating authority empowered to exercise the powers and duties of the Commissioner of Customs (Import), Jawaharlal Nehru Custom House, solely for adjudicating matters arising from a show cause notice issued by the Directorate of Revenue Intelligence in relation to M/s G.N. International and others.

Common Adjudicating Authority appointed to adjudicate show cause notices arising from a DRI inquiry into Rachna Seeds.
A Common Adjudicating Authority is appointed under sections 4(1) and 5(1) of the Customs Act, 1962: the Commissioner of Central Excise, Bhavnagar is designated to exercise the powers and duties of the Commissioners of Customs at Kandla, Jamnagar (Preventive) and Nhava Sheva (Import) solely to adjudicate show cause notices issued in respect of M/s. Rachna Seeds Industries and others following the Directorate of Revenue Intelligence, Ahmedabad Zonal Unit inquiry.

Customs notification amendment expands eligible ports for export promotion schemes by adding multiple industrial locations to the list.
The Central Government, exercising powers under the Customs Act, directs amendment of thirty-one specified Customs exemption notifications under Export Promotion Schemes by substituting the reference "Waluj (Aurangabad)" with the expanded port/location list: Waluj (Aurangabad), Talegoan (District Pune), Dhannad Rau (District Indore), Kheda (Pithampur, District Dhar) and Patli (Gurgaon) in the cited conditions and opening paragraphs of those notifications.

De-notification of Special Economic Zone area authorised under Special Economic Zones Act, removing specified land from SEZ designation.
The Central Government denotifies 7.75.78 hectares comprising part of Survey Number 361/1A2 at Perungalathur Village, Chennai from the sector-specific Special Economic Zone for information technology and IT enabled services, acting on the developer's proposal and a granted letter of approval, under the second proviso to sub section (1) of Section 4 of the Special Economic Zones Act, 2005 and rule 8 of the Special Economic Zones Rules, 2006.

Assignment of Show Cause Notice: administrative transfer to designated adjudicating authority for adjudication under customs delegation.
The Board, invoking Notifications issued under sub section (1) of section 4 of the Customs Act, assigns the Show Cause Notice dated 24.10.2008 issued by the Additional Director General, DRI, Delhi Zonal Unit in the case of M/s. Neelam Steels and others to the Commissioner of Central Excise (Adjudication) I, New Customs House, New Delhi for adjudication, with copies circulated to the zonal chief commissioner, the designated adjudicating commissioner and the Additional Director General, DRI.

Constitution of National Advisory Committee on Accounting Standards: Government substitutes Reserve Bank nominee with Shri P. Vijay Bhaskar.
The Central Government amends the earlier Gazette notification constituting the National Advisory Committee on Accounting Standards by substituting, at serial entry (5), the Reserve Bank of India nominee with Shri P. Vijay Bhaskar, Chief General Manager-in-charge, Reserve Bank of India, as notified by the Ministry of Corporate Affairs and referencing the principal notification dated 21st July, 2009.

Depository receipts voting rights trigger takeover obligations, requiring disclosure and public announcement upon acquiring voting entitlement.
Amendments specify that takeover provisions do not apply to Global or American Depository Receipts unless holders become entitled to exercise voting rights on underlying shares or exchange receipts for voting shares; they add an obligation to publicly announce acquisitions of such receipts that confer voting rights in excess of applicable thresholds within four working days, and adjust disclosure, aggregation, and proviso language in related takeover provisions to address acquisitions with persons acting in concert and post-acquisition shareholding parameters.

Renewal of recognition subject to operational Settlement Guarantee Fund approval and full regulatory compliance.
Renewal of recognition to Cochin Stock Exchange Limited under Section 4 of the Securities Contracts (Regulation) Act, 1956 is granted for one year, subject to conditions. The Exchange shall commence trading only after operationalisation of a Settlement Guarantee Fund/Trade Guarantee Fund duly approved by the regulator and after complying with all regulatory requirements imposed by the regulator.

Excise duty exemption for certain village-industry goods subject to KVIC certification and reversal of input credit by manufacturers.
Directs that the whole of the duty of excise payable under section 3 on goods in Chapter 69 and headings 94.01-94.03 for the period 1 September 1987 to 28 February 1989 shall not be required to be paid where, in accordance with the prevailing practice, duty was not levied, provided the goods are genuine products of a village industry, were marketed by or with the assistance of the Khadi and Village Industries Commission, the manufacturer produces a Commission certificate verifying genuineness and marketing assistance, and the unit reverses any input credit claimed.

Retrospective amendment to foreign exchange derivative regulations removes listing requirement for contracts, broadening eligibility under FEMA.
The Second Amendment Regulations, 2009 omit the words "and listed on a recognised stock exchange" from Regulation 6(II) of the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000, thereby removing the listing requirement for certain derivative contracts. The amendment is made under clause (h) of sub section (2) of Section 47 of the Foreign Exchange Management Act, 1999, and is deemed to have come into effect from 3 June 2008 with a clarification that no person will be adversely affected by its retrospective effect.

Safeguard duty imposed on Soda Ash imports from China to address market disruption and protect domestic industry.
Imposition of a safeguard duty on imports of Soda Ash from the People's Republic of China pursuant to section 8C(1) of the Customs Tariff Act, 1975 read with the Customs Tariff (Transitional Product Specific Safeguard Duty) Rules, 2002, based on DG(Safeguards) findings that increased imports had caused and threatened market disruption to the domestic industry, with the Central Government specifying an ad valorem duty on the product classified under tariff item 2836 20 and fixing the measure's one-year temporal scope.

Appointment of Assistant Value Added Tax Officers to assist the Commissioner in administering the Delhi Value Added Tax regulatory framework.
Pursuant to powers under the Delhi Value Added Tax Act and applicable rules, the Lt. Governor has appointed named officers as Assistant Value Added Tax Officers to assist the Commissioner of Value Added Tax in administration of the Act, with appointments effective from the date of assumption of charge.