Excise duty revision reduces high speed diesel excise while motor spirit (petrol) is exempt under amended notification.
Amendment inserts tariff entries assigning motor spirit (petrol) a nil excise rate and high speed diesel oil a reduced excise rate equal to seventy-five percent of the duty specified in the First Schedule; the change is effected under section 5A(1) of the Central Excise Act and takes effect on 30 September 2000.

Exemption for defence supplies to Programme SAMYUKTA requires pre-clearance certificate and lapses after notified expiry.
Amendment inserts an exemption for all goods supplied to Programme SAMYUKTA under the Ministry of Defence, conditional on production, before clearance, of a certificate from the Programme Director to the proper officer that the goods are intended for the programme; the exemption is time limited and ceases to have effect on or after the notification's stated expiry date.

Research association approval requires separate research accounts, annual return to scientific department, and audited research accounts submission.
Approval is granted to specified organisations as Association for research-related tax exemption subject to maintaining separate books for research activities, filing a scientific research annual return to the departmental secretary by 31 May each year, and submitting audited annual accounts plus a separate audited income and expenditure statement for research activities to designated tax-exemption and research authorities and the local tax commissioner/director by 31 October each year, in addition to filing the return with the designated assessing officer.

Approval of institutions for research exemption under section 35 imposes mandated accounting, reporting, and audited submission requirements.
Notification approves specified organisations as institutions for clause (ii) of sub section (1) of the Income tax Act, subject to maintaining separate research accounts, filing an annual scientific research return with the Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts and audited income and expenditure accounts for research activities to designated income tax and DSIR authorities and the Assessing Officer by 31 October each year.

Research association approval under section 35 requires separate research accounts and prescribed annual filings to designated authorities.
Associations are approved for purposes of clause (ii) of sub-section (1) of section 35, subject to maintaining separate research books, filing an annual scientific return to the Department of Scientific & Industrial Research by 31st May, and submitting audited annual accounts and audited income & expenditure accounts for research to the specified tax and scientific authorities by 31st October, in addition to filing the return of income. Raman Research Institute and Mandke Foundation are listed for the period 1-4-2000 to 31-3-2003.

Research institution approval conditions tax-exempt research on accounting, annual scientific returns, and audited submissions to authorities.
Specified organisations are approved as Institutions for the purposes of clause (ii) of sub section (1) of section 35 of the Income tax Act, subject to conditions: maintain separate research accounts; file an annual return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by the prescribed deadline; and submit audited annual accounts and audited income & expenditure accounts for research activities to the Director General of Income tax (Exemptions), the Secretary of the Department of Scientific & Industrial Research, and the local Commissioner/Director of Income tax (Exemptions) by the prescribed deadline, alongside the return of income to the designated assessing officer.

Deduction under section 10A requires accountant's Form 56F report certifying export undertaking and repatriation details.
Rule 16D and Form 56F require an accountant's report to be filed with the return to claim deduction under section 10A, certifying the export undertaking's registration in FTZ/EPZ/EHTP/STP/SEZ, the deduction amount with Annexure A particulars, verification of information against accounts, and an opinion as to their correctness. The report must be signed by a Chartered Accountant or a person entitled under companies law to act as auditor; any negative answers or qualifications must state reasons. Annexure A lists turnover, profits, export proceeds in convertible foreign exchange, registration and commencement dates, repatriation details, and the deduction working sheet.

Minimum Alternate Tax report requirement: certified Form 29B mandates book-profit computation and annexure details for companies.
The amendment adds Part VIIB and prescribes Form No. 29B as the required accountant's report under section 115JB, mandating a qualified accountant's certification that book profit has been computed in accordance with the provision, specifying the tax determined on that basis and requiring an Annexure A detailing company identification, profit and loss reconciliation, increases and reductions under the section's explanation, the computed book profit, and the reference computation used to assess the applicable tax.

Export profit deduction certification required via accountant's Form 56G to substantiate claims under section 10B.
The rules require a certified accountant's report in Form 56G to accompany the return when claiming the export-oriented undertaking deduction; the report must certify the undertaking as a hundred per cent EOU, state location and registration zone, specify the deduction claimed determined from Annexure A, confirm verification of relevant accounts and records, and be signed by an eligible Chartered Accountant or auditor, with negative or qualified answers explained.

Rescission of customs anti-dumping notification withdraws prior notice while preserving previously completed actions and effects.
The Central Government, under sub section (2) of section 9A of the Customs Tariff Act, 1975 read with rule 13 of the Anti dumping Rules, 1995, rescinds Notification No. 70/2000 Customs dated 19 May 2000. The rescission withdraws the earlier notification's effect but expressly preserves actions done or omissions made before the rescission, so that administrative acts carried out under the earlier notification remain valid to the extent already completed.

Anti-dumping duty on EPDM imports from specified exporters to counter dumped imports causing material injury.
Imposition of anti-dumping duty on Ethylene Propylene Diene Rubber (EPDM) originating in or exported from Korea RP and specified exporters is ordered. The duty equals the difference per metric tonne between amounts set for each exporter in the annexed table and the landed value of the imported EPDM; it is payable in Indian currency and levied from the date of provisional imposition. "Landed value" is the assessable value under the Customs Act (excluding certain customs duties) and the exchange rate is as notified by the Government, with the bill of entry date as relevant.

Infrastructure project approval under section 10(23G) grants tax-exempt status subject to compliance and audit requirements.
Central Government approval was granted to the 400 KV Kolaghat Durgapur transmission line project for tax exemption under section 10(23G), read with rule 2E, for the specified assessment years. Approval is conditional on compliance with section 10(23G) and rule 2E, including maintenance of books and obtaining and furnishing the audit report required by sub rule (7) of rule 2E. The approval may be withdrawn if the enterprise ceases the infrastructure activity or fails to meet the accounting and audit obligations.

Tax exemption under section 10(23G) granted to transmission line project, subject to compliance and audit conditions.
Approval is granted to the 400 kV Kolaghat-Durgapur single circuit transmission line project of the West Bengal State Electricity Board for the purpose of section 10(23G) of the Income-tax Act, read with rule 2E, for assessment years 2000-2001 to 2002-2003, subject to conformity with those provisions. The Central Government may withdraw approval if the undertaking ceases the infrastructure activity, fails to maintain books and obtain the required audit, or fails to furnish the mandated audit report.

Tax exemption approval under section 10(23G) granted to a cellular infrastructure enterprise, subject to compliance and audit conditions.
Approval is granted to Cellular Mobile Telephone Service of RPG Cellcom Limited for specified assessment years under the Income-tax Act provision for approved enterprises read with the Income-tax Rules. The approval is conditional on conformity with the statutory provision and rule, including maintaining books of account, obtaining an accountant's audit, and furnishing the audit report. The Central Government may withdraw approval if the enterprise ceases to provide infrastructure facility or fails to meet the audit and reporting obligations. The notification identifies the enterprise and cites its licensing background and the assessment years to which the approval applies.

Specified IT-enabled services listed for tax incentive eligibility, covering back-office, call centres, content and web services.
The Central Board of Direct Taxes designates a defined set of IT-enabled products and services as falling within the scope of specified explanatory clauses of the Income-tax Act, and enumerates fifteen service categories-including Back-office Operations, Call Centres, Content Development, Data Processing, Engineering and Design, GIS Services, Human Resource Services, Insurance Claim Processing, Legal Databases, Medical Transcription, Payroll, Remote Maintenance, Revenue Accounting, Support Centres, and Web-site Services-as the operative specification for eligibility under those clauses.

Tax exemption recognition under section 10(23C)(iv) conditions charitable status on exclusive application of income and compliance obligations.
Notification grants tax-exempt charitable recognition under clause (iv) of clause (23C) of section 10 for Shri Ramkrishna Ashram for specified assessment years, subject to conditions: exclusive application or accumulation of income for objects; restricted investments to forms permitted under section 11(5) (except certain voluntary contributions); exclusion of business income unless incidental with separate books; regular filing of income-tax returns; and disposal of surplus and assets on dissolution to a similar charitable organisation.

Tax exemption recognition for professional institute conditioned on exclusive application of income, filing returns and compliance.
Notification grants tax-exempt recognition to the Institute of Chartered Accountants of India under section 10(23C)(iv) for specified assessment years subject to conditions: income must be applied wholly and exclusively to its objects; funds may only be invested in modes specified in section 11(5) (excluding certain voluntary contributions held as jewellery or furniture); business income is excluded unless incidental and separately accounted; regular filing of income-tax returns is required; and on dissolution surplus assets must transfer to a charitable organisation with similar objectives.

Tax exemption under section 10(23G) approved for cellular service, conditional on compliance, audited accounts and reporting.
Approval is granted to the Cellular Mobile Telephone Service of M/s RPG Cellcom Limited in the M.P. Circle for specified assessment years, conditional on conformity with the tax exemption provisions and related rules. The enterprise must maintain books of account, obtain an accountant's audit, and furnish the audit report as required; the Central Government may withdraw approval if the enterprise ceases to provide the infrastructure facility or fails to maintain, audit, or furnish accounts and the audit report.

Exchange rate determination for export goods sets specified currency conversion values to govern export valuation and conversion.
Determination under the Customs Act fixing the rate of exchange for conversion of specified foreign currencies into Indian rupees for export goods; Notification No. 58/2000-Customs (N.T.) supersedes the prior notification and states that, with effect from 1st October 2000, the rates set out in Schedule I (per unit rates) and Schedule II (aggregate-unit rates) shall be the operative conversion values for export purposes.

Exchange rate fixation sets official monthly conversion rates for customs valuation and stamp duty calculations.
Fixes monthly foreign exchange conversion rates effective from the first day of the month for calculating stamp duty and for customs valuation of imported goods, superseding the prior notification; Schedule I lists per unit currency rates and Schedule II lists rates per one hundred units to be used as the authoritative conversion figures in statutory calculations.