Rupee hits all time low of 55 against Dollar Facebook shares drop below issue price FM okays transfer & posting orders of Commissioners of Customs & Excise-A dozen Commissioners posted in NCR in transfer list-Commissioner Gurgaon & Ghaziabad also in the list according to North Block sources Government tables White Paper on Black Money in Parliament India's first Interactive Online Course on Service Tax launched-Click on the link-Service Tax Online Certification Course-for full details and registration-Course begins on 22nd May 167 IRS(Customs & Excise) Probationers get postings- A dozen Probationers posted in Delhi Central Excise Rajya Sabha passes Finance Bill 2012 Petrol & Diesel prices to be hiked Tariff Value for import of Brass scrap is 4362 & for poppy seeds 3680-for gold 507 per 10 gram & for silver 920 per kg-Customs Non-Tariff Notification No.42 Customs duty exempted on import of 191 Products from Singapore-Customs Tariff Notification No.33 Import of 485 Products from Singapore exempted from Customs duty-Customs Tariff Notification No.34 Import of 496 Products from Singapore exempted from 50 per cent of applied rate of duty-Customs Tariff Notification No.35 Saurabh Chandra gets additional charge of Commerce Secretary ITAT Member N Vasudevan transferred from Mumbai to Bangalore-J Sudhakar Reddy moves from Mumbai to Delhi-IP Bansal from Delhi to Mumbai-IC Sudhir from Pune to Delhi CVD on imported electronics lowered due to higher rates of abatement from RSP notified-Abatement from MRP for excise payment on all electronic products prescribed at uniform rate of 35 per cent-Abatement revised for several products-Central Excise Non-Tariff Notification No.26 Suppliers to Mega Power Projects face silly excise demands-Click on the link below for full details Excise demand of Rs 32 Crore confirmed against Exide for not paying excise on MRP basis on lead acid storage battery RBI says Exporters required to convert 50 per cent of their foreign exchange holdings into Rupee within 15 days-Exporters will be allowed to buy foreign currency only after utilizing all their foreign currency holdings Articles of jewellery exempted from excise duty-Specified Railway Goods manufactured by Government exempted from excise -Central Excise Tariff Notification No.23 Excise on specified Petroleum Oils lowered Eye makeup preparations exempted from excise The excise exemption hitherto admissible on all Hawai Chappals will now be admissible to only Hawai Chappals of RSP up to Rs 500-Polyester staple fibre or polyester filament yarn, manufactured from plastic scrap or plastic waste including waste polyethylene terephthalate bottles exempted from excise-Excise on Motor chassis for vehicles lowered to 14 per cent excise-Excise on LED Lights of Chapter 85 lowered to 6 per cent-Inks for ball point pens exempted from excise-Central Excise Tariff Notification No.24-Parts of Footwear and hawai chappals of RSP not exceeding Rs. 500 per pair exempted from excise if consumed in factory-Central Excise Tariff Notification No.25-Excise exemption to goods required for initial setting up of solar power generation project or facility-Central Excise Tariff Notification No.26 CENVAT Credit (Fifth Amendment) Rules, 2012-No reversal of credit required for supplies made for setting up of solar power generation projects or facilities-Central Excise Non-Tariff Notification No.25 exemption from wholeof the additional duty leviable shall not apply to Hand held Metal/Mine/Bomb detectors etc.-Customs Tariff Notification No.30 Import of specified goods allowed at concessional rate of duty-Customs Notification No.31 FM defers the applicability of GAAR provisions by one year- GAAR provisions will now apply to income of Financial Year 2013-14 and subsequent years-The retrospective clarificatory amendments now under consideration of Parliament will not be used to reopen any cases where assessment orders have already been finalized-long term capital gain arising from sale of unlisted securities in case of non-resident investors, including PE investors lowered to 10 per cent-FM extends benefit of tax exemption on long term capital gains to sale of unlisted securities in IPO-lower rate of withholding tax of 5% for funding all businesses-FM withdraws the provision for levy of TDS on transfer of immovable property-FM raises the threshold limit for TCS on cash purchases of jewellery to Rs.5 lakh-only serious offences under the customs law involving prohibited goods or duty evasion exceeding Rs.50 lakh, shall be cognizable- all these offences shall be bailable-changes in the definition of “service” which will exclude the activities specified in the Constitution as “deemed sale of goods”-The definition of “works contract” also enlarged to include movable properties- Exemption for specified services relating to agriculture in the Negative List extended to agricultural produce enlarging the scope of the entry Anti-dumping duty on imports of Partially Oriented Yarn, originating in, or exported from China-Customs Notification No.22 Customs duty on import of 806 Products from Japan lowered Anti-dumping duty imposed on import of Phosphoric Acid of all grades and all concentrations (excluding Agriculture/FertilizerGrade) , falling under tariff item 28092010, originating in, or exported from,Israel and Taiwan-Customs Tariff Notification No.19 Customs duty on import of composite fertiliser lowered to 1 per cent-Customs Tariff Notification No. 24

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ANNEXURE II (see sub-rule (3) of rule 5) Serial Number Name of the State Sector Minimum Area (1) (2) (3) (4)

1. Andhra Pradesh Information Technology 6 hectares

2. Delhi Information Technology 6 hectares

3. Gujarat Apparel 38 hectares Pharmaceuticals 48 hectares

4. Haryana Information Technology 3 hectares

5. Jharkhand Automobiles and components 36 hectares

6. Karnataka Information technology 4 hectares

7. Kerala Information Technology 9 hectares Food processing 12 hectares

8. Maharashtra Pharmaceuticals and biotechnology 21 hectares

9. Madhya Pradesh Information technology 8 hectares

10. Punjab Pharmaceuticals 32 hectares

11. Tamil Nadu Footwear 60 hectares

12. West Bengal Leather Products 44 hectares

File No. F.1(7)/2005-EPZ

( Rahul Khullar )

Joint Secretary to the Government of India

TO BE PUBLISHED IN PART II, SECTION 3 SUB-SECTION (ii) OF THE GAZETTE OF INDIA EXTRAORDINARY, DATED THE 10th FEBRUARY, 2006

Government of India

Ministry of Commerce and Industry

(Department of Commerce)

New Delhi, 10th February, 2006

NOTIFICATION

S.O. (E).- In exercise of the powers conferred by sub-section (3) of section 1 of the Special Economic Zones Act, 2005 (28 of 2005), the Central Government hereby appoints the 10th day of February, 2006 as the date on which the following sections of the said Act shall come into force, namely:-

(1) sections 1 to 19 (both inclusive);

(2) sections 25 to 30 (both inclusive);

(3) sections 42 to 58 (both inclusive).

(File No. F.1/7/2005-EPZ)

( Rahul Khullar )

Joint Secretary to the Government of India

TO BE PUBLISHED IN PART II, SECTION 3 SUB-SECTION (ii) OF THE GAZETTE OF INDIA EXTRAORDINARY, DATED THE 10th FEBRUARY, 2006

GOVERNMENT OF INDIA

MINISTRY OF COMMERCE AND INDUSTRY

(DEPARTMENT OF COMMERCE)

New Delhi, dated the 10th February, 2006

NOTIFICATION

S.O. (E). - In exercise of the powers conferred by sub-section (1) of section 8 of the Special Economic Zones Act, 2005 (28 of 2005), the Central Government hereby constitutes a Board called the Board of Approval for the purposes of the said Act consisting of the following Chairperson and Members, namely:-

1. Additional Secretary to the Government of India, - Chairperson, ex-officio Ministry of Commerce and Industry, Department of Commerce;

2. Member (Customs), Central Board of Excise, and Customs, Ministry of Finance, - Member, ex-officio Department of Revenue;

3. Joint Secretary to the Government of India (TPL-II), Central Board of Direct Taxes, - Member, ex-officio Ministry of Finance,Department of Revenue;

4. Joint Secretary to the Government of India, - Member, ex-officio (Banking Division) Ministry of Finance,Department of Economic Affairs;

5. Joint Secretary to the Government of India, - Member, ex-officio Ministry of Commerce and Industry, Department of Commerce;

6. Joint Secretary to the Government of India,Ministry of Commerce and Industry, - Member, ex-officio Department of Industrial Policy and Promotion;

7. Joint Secretary to the Government of India, - Member, ex-officio Ministry of Science and Technology;

8. Joint Secretary to the Government of India, - Member, ex-officio Ministry of Small Scale Industries and,Agro and Rural Industries;

9. Joint Secretary to the Government of India, - Member, ex-officio (Internal Security) Ministry of Home Affairs;

10. Joint Secretary to the Government of India, - Member, ex-officio Ministry of Defence;

11. Joint Secretary to the Government of India, - Member, ex-officio Ministry of Environment and Forests;

12. Joint Secretary and Legislative Counsel, - Member, ex-officio Government of India, Legislative Department, Ministry of Law and Justice;

13. Joint Secretary to the Government of India (FS), - Member, ex-officio Ministry of Overseas Indian Affairs;

14. Joint Secretary to the Government of India, - Member, ex-officio Ministry of Urban Development;

15. A nominee of the State Government concerned; - Member, ex-officio

16. Director General of Foreign Trade or his nominee; - Member, ex-officio

17. Development Commissioner concerned; - Member, ex-officio

18. A professor in the Indian Institute of Management; - Member, ex-officio

19. Director or Deputy Secretary to the Government, - Member-Secretary

of India Ministry of Commerce and Industry, ex-officio Department of Commerce.

F. No. F.1/7/2005-EPZ

(Rahul Khullar)

Joint Secretary to the Government of India