Resident Foreign Currency Account permits residents to hold non interest foreign currency balances for specified receipts and permitted transactions.
A resident may open and maintain with an Authorised Dealer a Resident Foreign Currency (Domestic) Account funded from specified foreign exchange receipts (currency notes, bank notes and travellers cheques acquired on travel, honoraria or gifts from non residents, or unspent travel foreign exchange). Debits are permitted for current account transactions under the Current Account Transactions Rules and permissible capital account transactions; the account is a non interest Current Account and there is no ceiling on balances.

Anti dumping duty on Poly Iso Butylene offsets dumping by specified exporters, measured against landed value on entry.
Anti dumping duties apply to imports of Poly Iso Butylene (sub heading 3902.20) from specified countries and exporters; the duty equals the difference between a specified US$ amount per metric tonne and the landed value (assessable value under the Customs Act excluding certain duties), is payable in Indian currency, effective from the provisional duty date, and requires use of the government specified exchange rate on the bill of entry date.

Anti-dumping duty on D (-) Para Hydroxy Phenyl Glycine Base equalizes dumped imports with landed value.
The Central Government imposed a definitive anti-dumping duty on imports of D (-) Para Hydroxy Phenyl Glycine Base from specified countries following findings of dumping, material injury, threat of further injury and retardation of new industry; the duty is equal to the difference between the tabled amount and the landed value (assessable value under the Customs Act) per kilogramme, payable in Indian currency, with the exchange rate for conversion set by Government notification for the bill of entry date.

Anti-dumping duty on sodium hydroxide imports from Qatar imposed, with exporter-specific margins and landed-value calculation.
Imposition of a anti-dumping duty on Sodium Hydroxide imports from Qatar, calculated as the difference between specified exporter-specific amounts and the landed value (assessable value under the Customs Act) per metric tonne. Duties are payable in Indian currency, the rate of exchange for calculation is set by Government notification with the relevant date as presentation of the bill of entry, and the notification specifies exporter-specific margins and duration subject to earlier revocation.

Anti-dumping duty imposed on Flexible Slabstock Polyol imports, with country- and exporter-specific duty differentials applied.
Definitive anti-dumping duty imposed on imports of Flexible Slabstock Polyol (molecular weight 3000-4000) from specified territories following findings of export below normal value, material injury to Indian industry and causation. Duty is charged as the difference between specified per-tonne amounts for listed exporters and the landed value of imports; exporter-specific and territory-wide entries create differentiated rates. Duty is leviable from the provisional duty date, payable in Indian currency; ''landed value'' follows assessable value rules and applicable exchange rates are those notified by the Government, determined as of bill-of-entry presentation.

Anti-dumping duty on Pentaerythritol imposed for imports from Canada, Japan and Taiwan effective from provisional imposition date.
The Central Government, relying on the designated authority's findings of dumping, material injury and cumulative causation, imposes definitive anti-dumping duty on Pentaerythritol (sub-heading 2905.42) originating in or exported from Canada, Japan and Taiwan. Country-specific duty rates are prescribed, the duty is leviable with effect from the provisional imposition date and payable in Indian currency, the notification remains in force until a specified expiry date, and no duty shall apply to imports from Canada from a later specified date; rate of exchange and relevant bill of entry date govern calculation.

Exemption scope expanded to include additional paragraph coverage under the central excise notification for finished products, rejects, waste/scrap.
The notification amends Notification No. 8/97-Central Excise by substituting the words "paragraph 6.8" with "paragraph 6.8 or paragraph 6.20", thereby extending the notification's exemption coverage to include items falling within paragraph 6.20 alongside those in paragraph 6.8 for purposes of exemption of finished products, rejects, waste or scrap under the Central Excise framework.

Jurisdictional amendment reallocates central excise commissionerates and appellate jurisdiction across specified districts and areas.
The notification substitutes entries in Tables I, II and III of Notification No. 14/2002-CE(N.T.) to reallocate commissionerate and appellate jurisdictions: Guwahati (Dibrugarh and Guwahati) as Chief Commissioner territory; substituted commissioner jurisdictions for Belapur, Bhopal, Raigad and Tiruchirappalli defining included and excluded areas; and Commissioner of Central Excise (Appeals), Guwahati matched with Dibrugarh and Guwahati, effected under sub rule (2) of rule 3 of the Central Excise Rules, 2002.

Central Excise Commissioners designation updated: Commissioners (Adjudication) assigned to Chennai, Delhi, Kolkata and Mumbai per rule amendment.
The Central Board, invoking powers under the Central Excise Rules, substitutes the Table entry for S. No. 2 in Notification No. 39/2001-Central Excise (N.T.) to designate Commissioners of Central Excise (Adjudication) at Chennai, Delhi, Kolkata and Mumbai as the officers concerned; the substitution takes effect from the notified operative date.

Income-tax exemption notification: Marwari Relief Society recognised under clause 10(23C)(iv) subject to specified compliance conditions.
The Central Government notifies Marwari Relief Society, Kolkata under clause (23C)(iv) of section 10 for specified assessment years subject to conditions: income must be applied or accumulated solely for its objects; investments limited to modes permitted by the Act (except certain voluntary contributions); business income excluded unless incidental and separately accounted; regular income-tax return filing required; and on dissolution surplus/assets must be transferred to a charitable organisation with similar objectives.

Tax exemption recognition under clause 23C(v) granted to a society, subject to purpose, investment, filing, and dissolution conditions.
Notification recognizes The Institute of the Franciscan Missionaries of Mary, Society, No. 12, Nilgiris T.N. as eligible under clause (23C)(v) of section 10 of the Income-tax Act for assessment years 1989-90 to 1991-92, provided its income is applied wholly and exclusively to its objects, investments are limited to statutory modes (except certain voluntary contributions held as physical articles), business income is excluded unless incidental and maintained in separate books, regular income-tax returns are filed, and on dissolution assets and surplus transfer to a similarly purposed charitable organization.

Tax exemption notification: trust recognised as exempt subject to conditions on income application, permitted investments, business separation, returns and dissolution
Notification recognises Shree Siddhivinayak Ganapati Temple Trust as eligible for exemption under clause (23C)(v) of section 10 for specified assessment years on conditions: income must be applied or accumulated wholly and exclusively to its objects; investments restricted to forms permitted by section 11(5) except certain voluntary contributions in kind; business income allowed only if incidental with separate books; regular filing of income tax returns; and on dissolution surplus assets to be given to a charitable body with similar objectives.

Charitable trust notification: recognition for tax exemption subject to income application, permitted investments, filing, and dissolution conditions.
Notification recognises the trust for clause (23C)(iv) of section 10 for specified assessment years on conditions that the trust apply or accumulate income solely to its objects; limit investments to forms permitted under section 11(5) (except voluntary contributions held as jewellery, furniture, etc.); exclude business profits unless incidental and separately accounted; regularly file income-tax returns; and on dissolution transfer surplus and assets to a similar charitable organisation.

Anti-dumping duty revised: polyester film imports subject to updated landed values and amended price undertaking affecting tariff classification.
The Central Government, invoking section 9A of the Customs Tariff Act and rules 18 and 20 of the Anti-dumping Rules, has substituted the earlier tariff table with a new Table I that sets revised landed values and product classifications for packaging polyester film and polyester film excluding packaging or sun/dust controlled film, reflecting a revised price undertaking entered into by the designated authority and an exporter.

Safeguard duty on epichlorohydrin imports imposed, temporary ad valorem levy applied with exemption for developing countries.
The Central Government, relying on findings of injury by the Director General (Safeguard) and exercising powers under section 8B(1) and relevant rules, imposes a temporary ad valorem safeguard duty on Epichlorohydrin imports (sub heading 2910.30) for a specified period, while exempting imports from countries notified as developing under section 8B(6).

Appointment of Customs Officers under the Customs Act formalises DGRI, DGI and Commissioners' designation by government notification.
Appointment of DGRI, DGI, Deputy Commissioners and Assistant Commissioners as Customs Officers is made effective by Central Government notification, implementing Notification No. 18/2002-Cus. (N.T.), under the statutory authority of the Customs Act and thereby formalising their customs officer status for enforcement and administrative purposes.

Handloom exemption compliance: manufacturers must declare, label, maintain records and submit to annual audits by authorized officials.
Manufacturers seeking the handloom exemption must annually or prior to first use intimate the distinctive profile of goods to the Deputy/Assistant Commissioner, maintain records of quantity, value and daily stock of handloom fabrics with the distinctive profile, declare in the invoice and affix a label that goods are made from handloom fabrics, and submit to annual audits and sample testing by a team authorized by the Commissioner including a Central Excise officer and a Textiles Committee officer.

Tax exemption approval for infrastructure facility conditioned on continued operation and strict audit compliance.
Approval is granted to M/s Chennai Container Terminal Limited for tax-exempt status for its Chennai Container Terminal development and management project, conditioned on operation as an infrastructure facility and strict compliance with income-tax provisions and relevant rules. The Central Government may withdraw approval if the undertaking ceases to carry on the infrastructure facility, fails to maintain and audit its accounts as required, or fails to furnish the mandated audit report.

Research institution approval under section 35(1)(ii) requires separate research accounts and annual audited returns to tax and science departments.
Approval of NICMAR as an Institution under clause (ii) of sub section (1) of section 35 is subject to maintaining separate books for research, furnishing an annual scientific research return to the Department of Scientific and Industrial Research by 31 May, and annually submitting audited annual accounts and audited income & expenditure accounts for the research activities to the Tax Exemptions Office, the scientific research department, and the local Commissioner/Director of Income Tax by 31 October, in addition to filing the income tax return; renewal applications should be filed in triplicate well in advance.

Specified Capital Gains Bonds require transferee to notify National Housing Bank by registered post to claim tax proviso benefit.
The Central Government specifies the "7.15% NHB Capital Gains Bonds, 2002" issued by the National Housing Bank as qualifying under the proviso to section 193 of the Income-tax Act, 1961. For transfers by endorsement or delivery, the benefit under the proviso is admissible only if the transferee informs the National Housing Bank by registered post within a period of sixty days of such transfer.