Corrigendum corrects a notification's amendment label and rectifies a statutory order citation for accuracy.
Corrigendum to Notification S.O.812(E) dated 14 July 2004 corrects two published textual errors: at page 9, line 19 change "(8th Amendment)" to "(9th Amendment)"; and at page 17, line 11 change "S.O.No.434(E) dated the 31st March, 2004" to "S.O.No.514(E) dated the 20th April, 2004".

Customs duty reductions expand concessional tariff treatment to specified petrochemical feedstocks and polymers, facilitating domestic polymer production.
The tariff schedule is amended to insert entries reducing customs duty on specified petrochemical feedstocks (naphtha, ethylene, propylene, butadiene, benzene, toluene, xylenes, styrene, ethylbenzene, EDC, VCM, acrylonitrile) used for polymer manufacture and on specified polymers (including LDPE, LLDPE, HDPE and related polyethylene grades and other polymer headings), thereby conferring concessional import duty treatment for these inputs and polymer goods under the Customs Act, 1962.

Provisional assessment of anti-dumping duty on specified tile imports pending new shipper review, with security and retrospective liability.
The Central Government ordered provisional assessment of anti-dumping duty on vitrified and porcelain tiles under headings 6907/6908 produced or exported by specified Chinese producers/exporters and a UAE exporter, pending completion of their new shipper review. Provisional assessment may be secured by a security or guarantee to cover any deficiency if definitive duty is later imposed. If the review results in a recommendation for anti-dumping duty, the importer will be liable to pay the duty retrospectively from the initiation of the review.

Tax exemption for charitable organisation subject to conditions on application, investment, accounting, returns and dissolution.
Notification under section 10(23C) grants tax-exempt status to The South Arcot Diocesan Corporation for specified assessment years subject to conditions: income must be applied or accumulated solely for its objects; investments are limited to forms specified in Section 11(5) except certain voluntary contributions; business income is excluded unless incidental and kept in separate books; regular filing of returns is required; and on dissolution surplus and assets must be transferred to a charitable organisation with similar objectives.

Tonnage tax scheme: prescribed Form No.65 procedure for exercising or renewing option, with verification and documentary requirements.
The rules insert a tonnage tax scheme into the Income-tax Rules, 1962, requiring companies to apply in Form No.65 to exercise or renew an option under section 115VP or 115VR. The Form and Annexure (Parts A and B) collect corporate and ship particulars, verification that the company is a qualifying Indian company with place of effective management in India, and require specified ship certificates and DG Shipping approvals. Applications must be filed with the Joint Commissioner and signed by the managing director or prescribed alternate signatories; incomplete applications or false statements have prescribed consequences.

Anti-dumping duty on Sun Control Polyester Film imposed, calculated as difference between reference amount and landed value.
Definitive anti-dumping duties are imposed on Sun and/or Dust Control Polyester Film (headings 3006 10 or 3920 69) from Chinese Taipei and UAE following findings of dumping and material injury. Duties are calculated as the difference between specified reference amounts in the notification and the landed value of imports, applied per the notification table, paid in Indian currency, effective from the provisional duty imposition date. "Landed value" is the assessable value under the Customs Act (excluding certain tariff duties) and applicable exchange rates are those notified by Government with the bill of entry date as the relevant date.

Investor identification requirement mandates unique IDs for specified resident and foreign investors before notified compliance date.
Resident investors not being bodies corporate who enter into securities market transactions of value of one lakh rupees or more are designated as specified investors and a notified compliance date is prescribed for their inclusion in the central database; foreign institutional investors, sub accounts and foreign venture capital investors are likewise designated as specified investors with a notified compliance date. "Resident investors" is explained by reference to persons resident in India under the Foreign Exchange Management Act, 1999.

Venture Capital Undertaking specified for tax treatment under income tax rules; notification designates qualifying domestic companies.
The Central Board of Direct Taxes specifies that a domestic company which qualifies as a venture capital undertaking under the Securities and Exchange Board of India (Venture Capital Funds) Regulations is to be treated as a Venture Capital Undertaking for the relevant income tax provision; the specification is made under the explanation to that provision and links the tax designation to the SEBI regulatory definition, with an effective date set by the notification.

Value of taxable securities transaction set by volume weighted average or trade price, governing calculation and remittance of transaction tax.
Rules prescribe how to determine the value of a taxable securities transaction for equity shares and equity-oriented fund units: in netted settlement, a person's daily volume weighted average price (aggregate trade value divided by total quantity) rounded to the nearest paisa; in trade-for-trade settlement, the transaction price; in auction purchases, the volume weighted average for the auction session; in auction sales, the sale price. Trustees or authorised managers of Mutual Funds are responsible for collection and payment; recognised stock exchanges and Mutual Funds must remit tax using a challan and furnish verified annual returns on prescribed computer media.

Commencement of Chapter VII appointed under Section 96(2) to commence on 1 October 2004 by central government.
The Central Government, exercising the power conferred by sub section (2) of Section 96 of the Finance (No.2) Act, 2004, appoints 1 October 2004 as the date on which Chapter VII of that Act shall come into force, thereby effecting the statutory commencement of that chapter for income tax and related miscellaneous provisions.

Anti-dumping duty continues on Styrene Butadiene Rubber imports from Korea Japan and USA, preserving country-specific import duties.
Continuation of anti-dumping duty on Styrene Butadiene Rubber (SBR) imports from Korea R.P., Japan and the USA is imposed following a sunset review which found dumping below normal value and material injury to the domestic industry. The notification prescribes country-specific duty rates per kilogram for all exporters/producers, directs conversion into Indian currency using the Government-specified exchange rate with the bill of entry date as the relevant date, and cites section 9A of the Customs Tariff Act and rule 23 of the 1995 Rules as statutory authority.

Continuation of anti-dumping duty on Styrene Butadiene Rubber series rescinds earlier notification while preserving prior actions and omissions.
The Central Government continues anti-dumping duty on imports of Styrene Butadiene Rubber series by rescinding the earlier July 2004 notification under the second proviso to section 9A(5) of the Customs Tariff Act read with rules 18 and 20 of the 1995 Anti-dumping Rules, while preserving actions done or omissions occurring before the rescission.

Invoice requirements updated to mandate specific identification, transport and duty particulars for excisable goods upon removal.
The Central Excise (Fourth Amendment) Rules, 2004 substitute sub rule (2) of rule 11 to require that the invoice be serially numbered and contain the registration number, name of the consignee, description, classification, time and date of removal, mode of transport and vehicle registration number, rate of duty, quantity and value of goods, and the duty payable thereon.

Exchange rate determination sets statutory conversion rates for export goods under the Customs Act effective 1 October 2004.
The Board, exercising powers under section 14(3)(a)(i) of the Customs Act, 1962, fixes statutory exchange rates for specified foreign currencies for conversion into Indian rupees or vice versa, effective 1 October 2004, for purposes relating to exported goods, and supersedes the prior notification dated 26 August 2004; Schedules I and II annexed set out the currency-specific rupee equivalents.

Exchange Rate Determination sets new import conversion rates under Customs Act, affecting valuation of imported goods.
The government, exercising powers under the Customs Act, prescribes specific conversion rates for designated foreign currencies into Indian currency for import-related customs valuation, superseding the prior notification and providing two schedules: one giving rupee equivalents per unit of listed currencies and another giving the rupee equivalent for one hundred units of Japanese Yen; those listed rates are to be used for conversion in import transactions under the referenced statutory provision.

Monthly return form requirement for excisable goods and inputs specified, replacing earlier notification and prescribing reporting format.
Specification of a monthly return form for excisable goods and for receipt of inputs and capital goods, issued under the Central Excise Rules and the CENVAT Credit Rules; the notification supersedes an earlier notification and prescribes the standardized format and reporting requirements for manufacturers and registrants to comply with excise and CENVAT credit administration.

Central excise forms require monthly return filing and CENVAT credit reporting through specified official form.
The Central Board specifies prescribed forms under the Central Excise Rules and CENVAT Credit Rules for monthly returns concerning production, removal of goods and CENVAT credit particulars, and expressly supersedes an earlier notification by identifying the official monthly return form to be used for these reporting obligations.

Tax exemption notification: trust recognition conditioned on exclusive application of income, permitted investments, and compliance.
Notification recognizes the trust under the tax exemption provision for the specified assessment years subject to conditions: income must be applied or accumulated wholly and exclusively for its objects; investments or deposits must be in permitted forms except voluntary contributions held as jewellery or furniture; business income is excluded unless incidental and maintained in separate books; the trust must file returns regularly; on dissolution surplus and assets must transfer to a similar charitable organisation.

Anti-dumping duty on methylene chloride imports from Republic of Korea imposed, definitive per unit duties and retroactive application announced.
Definitive anti dumping duty imposed on methylene chloride (tariff item 290312 00) from the Republic of Korea based on final findings of dumping and material injury; the Central Government prescribes producer and exporter specific per unit duties (expressed in US dollars per metric tonne) and a residual rate for other imports, declares duties payable in Indian currency with the applicable rate of exchange determined by government notification, and makes the duty effective from the date of provisional imposition.

Appointment of Customs Adjudicating Authority to adjudicate a Directorate of Revenue Intelligence show cause notice concerning Union International Fashions.
The Central Board of Excise and Customs, exercising its statutory power under the Customs Act, appoints the Commissioner of Central Excise (Adjudication), Delhi to act as Commissioner of Customs for the Inland Container Depot and Air Cargo (Exports) posts for the limited purpose of adjudicating the show cause notice issued by the Directorate of Revenue Intelligence to M/s Union International Fashions.