Provisional anti-dumping duty on wire rod imports from China PR imposed to offset dumped imports and protect domestic industry temporarily.
Imposition of provisional anti-dumping duty on Wire Rod of Alloy or Non-Alloy Steel from the People's Republic of China follows preliminary findings of dumping below normal value causing material injury; duty equals the gap between landed value and specified reference amounts where landed value is less, with differentiated reference amounts for specified producer/exporter combinations, application per metric tonne in US dollars, payment in Indian currency, limited temporary duration, and definitions for landed value and exchange rate determination tied to bill of entry presentation.

Deferred payment of import duty allowed for AEO Tier-Two/Tier-Three, authorised public undertakings, and eligible manufacturer importers.
Permits specified classes of importers to make deferred payment of import duty: AEO (Tier-Two) and AEO (Tier-Three), Authorised Public Undertaking, and Eligible Manufacturer Importer - with Eligible Manufacturer Importer allowed deferred payment only up to 31 March 2028. Defines AEO, Authorised Public Undertaking, and Eligible Manufacturer Importer as Manufacturer Importer approved by the customs directorate.

Deferred payment of import duty permits eligible importers to pay customs duty by specified due dates subject to electronic payment rules.
Notification prescribes Deferred Payment rules under section 47 proviso of the Customs Act, 1962: eligible importers must notify the Principal Commissioner/Commissioner to obtain permission; duty is payable by specified due dates linked to Bill of Entry return periods; payment is to be made electronically unless a written exemption is granted; repeated defaults within three months disqualify an importer from deferred payment until full duty and interest are paid; goods not assessed or not declared are excluded.

Commencement of Insolvency and Bankruptcy Code provisions: specified sections declared in force, enabling statutory framework for insolvency processes.
Central Government appoints 1 November 2016 as the commencement date under the Code's empowering provision, bringing into force specified parts of the Insolvency and Bankruptcy Code, 2016 by ministry notification; the instrument lists selected definitional clauses, designated substantive sections, and enumerated sub clauses as operative and records the Ministry of Corporate Affairs file reference and issuing officer.

Fixation of tariff values set for specified edible oils, scrap, seeds, nuts, gold and silver under customs tariff regulation.
Substitutes TABLE 1, TABLE 2 and TABLE 3 of Notification No. 36/2001 Customs (N.T.) with schedules fixing tariff values for specified imported commodities, including edible oils, brass scrap, poppy seeds, areca nut, and unit values for gold and silver when certain notification benefits are availed, thereby providing the operative per unit valuation references for customs purposes.

Drawback Rules amendment removes sub rule altering entitlement and procedural scope under customs and excise regimes.
Amends the regulatory framework governing drawback by omitting sub rule (1) of rule 8 of the Customs, Central Excise Duties and Service Tax Drawback Rules, 1995; promulgated as the Customs, Central Excise Duties and Service Tax Drawback (Amendment) Rules, 2016 under powers conferred by the Customs Act, the Central Excise Act and the Finance Act, thereby altering the operative provision and fixing its commencement.

All Industry Rates Drawback: notified rates, caps, Cenvat/ITC exclusions and procedural conditions effective 15 Nov 2016.
Notification No.131/2016 determines All Industry Rates of duty drawback effective 15 November 2016, superseding the earlier notification, and prescribes Schedule rates and caps (Customs and combined components) aligned to tariff headings. Rates are ad valorem or specific, include packing unless stated, and require satisfaction of procedural Drawback Rules and exporter declarations to establish non availment of Cenvat/ITC or non claim of IGST refund. The Schedule excludes goods exported under bonded/Advance Authorisation/EOU/FTZ/SEZ schemes and sets special classification, composite article, jewellery and provisional drawback provisions.

Tax treaty amendment expands information exchange and adds cross-border tax collection assistance between contracting states.
The Central Government directed that the Protocol amending the India-Japan tax Convention be given effect in India as of the Protocol's entry into force. The Protocol replaces Article 11(3)-(4) to limit source state taxation of interest to specified cases involving governments, central banks or wholly government owned financial institutions and clarified eligible institutions lists; it replaces Article 26 to broaden exchange of foreseeably relevant tax information subject to confidentiality and exceptions; and it adds Article 26A establishing mutual assistance in collection of defined revenue claims, including conservancy and collection measures under domestic law, with enumerated limitations.

Asset Reconstruction Companies: non resident investors permitted full ownership under automatic route, SR investments subject to RBI directions.
Persons resident outside India may invest up to 100% in Asset Reconstruction Companies under the automatic route, with sponsor shareholding and other investor limits governed by the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act. A single FII/FPI must hold below 10% of paid up capital. FIIs/FPIs may invest in Security Receipts issued by ARCs up to 100% of each tranche, subject to Reserve Bank of India directions/guidelines and applicable regulatory caps.

Specified income exemption: Bihar Electricity Regulatory Commission's notified income exempt subject to specified non-commercial conditions.
Notification designates Bihar Electricity Regulatory Commission's exempt specified income as: government grants; licence fee from electricity licensees; application processing fees; and interest on grants and fees. The exemption is conditional: the Commission shall not engage in commercial activity; activities and the nature of the specified income must remain unchanged across the financial years; and the Commission must file returns as required under the relevant income-tax filing provision. The notification applies for financial years 2016-17 to 2020-21.

Benami property prohibition: valuation, attachment, custody and disposal procedures with prescribed registers and appeal requirements.
The rules implement provisions on valuation, information transmission, provisional attachment and custody, confiscation procedures, administration and disposal of benami property, and appeals. Unquoted equity shares' fair market value is determined by the higher of cost, a discounted cash flow valuation by a merchant banker/accountant, or a specified formula. Income-tax authorities must transmit statements electronically to the Initiating Officer; the Initiating Officer effects provisional attachment per Income-tax Second Schedule. Authorised Officers and the Administrator must follow prescribed notice, custody, deposit, register-keeping and disposal procedures. Appeals require a prescribed form, fee and grounds, with provision for delayed filing.

Commencement of Benami Transaction Amendment: the Act's provisions come into force, fixing the operative date and enabling enforcement.
The Central Government, under the power conferred by sub section (2) of section 1 of the Benami Transaction (Prohibition) Amendment Act, 2016, has notified that the provisions of the Amendment Act shall come into force with effect from 1 November 2016, thereby fixing the operative date for implementation and enforcement of the amended statutory regime governing benami transactions.

Prohibition of Benami Property Transactions: PMLA Adjudicating Authority and Appellate Tribunal to discharge Act functions.
With effect from 1 November 2016, the Central Government directed that the Adjudicating Authority appointed under the Prevention of Money Laundering Act shall discharge the functions of the Adjudicating Authority under the Prohibition of Benami Property Transactions Act, and that the Appellate Tribunal referenced in the Prevention of Money Laundering Act shall discharge the functions of the Appellate Tribunal under the Benami Act, until authorities are appointed and the Appellate Tribunal is established under the Benami Act.

Exchange-traded currency derivatives permit non-residents to hedge eligible Rupee currency risks, subject to prescribed regulatory conditions.
Persons resident outside India may transact exchange-traded currency derivative contracts on a recognised stock exchange to hedge Rupee currency risk. Eligible exposure includes risk arising from a permitted current account transaction, a Rupee-denominated asset held by the person, or a Rupee-denominated liability incurred by the person where permitted under the Foreign Exchange Management Act, 1999. Transactions are subject to terms and conditions specified in directions issued by the Reserve Bank of India.

Rescission of a customs notification withdraws its future effect while preserving prior actions completed under it.
The Central Government, invoking powers under the Customs Act and the Customs Tariff Act and citing public interest, rescinds the earlier 1996 customs notification, terminating its prospective effect while expressly preserving actions done or omitted to be done before such rescission.

Common Adjudicating Authority appointed to adjudicate specified customs show cause notices, reallocating adjudication responsibilities among designated officers.
The Central Board of Excise and Customs appoints designated officers as a Common Adjudicating Authority under the Customs Act to exercise the powers and discharge the duties of specified officers for adjudication of the particular show cause notices listed in the Table. Each Table entry maps a noticee and show cause notice to the originally answerable officer and the appointed common adjudicating officer, effecting a targeted administrative reassignment of adjudicatory responsibility solely for those notices.

Common Adjudicating Authority appointment centralizes adjudication of specified customs show cause notices under the Customs Act.
Appointment of officers as Common Adjudicating Authority under the Customs Act to adjudicate the listed show cause notices, superseding prior orders identified in the Table; each Table entry specifies the noticee, show cause notice details, the previous authority answerable, and the officer now appointed to exercise adjudicatory powers, with subsequent substitutions recorded in Notes.

Prohibition of benami property transactions: Income-tax officers designated to perform authority roles across specified territories.
The Central Government designates specified Income-tax officers to exercise the functions and powers of the Authority under the Prohibition of Benami Property Transactions Act, 1988, assigning them the roles of Approving Authority, Initiating Officer and Administrator for the territorial areas listed in the schedule, by mapping officer ranks and headquarters to specific jurisdictions.

Appointment of VAT Inspectors appoints Gr II (DASS) officers to assist Commissioner under Delhi VAT Act.
The Lt. Governor, invoking the power under clause (a) of sub section (2) of section 66 of the Delhi Value Added Tax Act read with rule 47 of the Delhi VAT Rules, appoints the listed Gr. II (DASS) officers as Value Added Tax Inspectors to assist the Commissioner, effective from the date of assumption of charge.

Selection Committee appointments set panel-based selection, open advertisement for vice-chair and medical fitness requirement for retirees.
The amendment establishes a Selection Committee comprising a Supreme Court nominee as Chairman and Secretaries of Finance (Revenue), Law (Legal Affairs) and Personnel; any three members including the Chairman form a quorum. The Committee must recommend a panel of three names and submit recommendations within one hundred and twenty days. Chairman vacancies are referred to the Committee; Vice Chairman vacancies are to be advertised publicly with applications forwarded through Registrars of High Courts. Appointment of retired persons requires medical fitness certification by a Central Government Medical Board.