Foreign exchange asset inclusion refines Gift-tax exclusions and Capital Investment Bond ownership limited to individuals or HUFs. The amendment substitutes the prior description beginning with 'savings certificates' and ending with 'rules made thereunder' by the phrase 'any foreign exchange asset as defined in clause (b) of section 115C of the Income-tax Act', and substitutes the words 'of property in the form of such Capital Investment Bonds' with 'being an individual or a Hindu undivided family, of property in the form of such Capital Investment Bonds', thereby narrowing the excluded property category and limiting Capital Investment Bond property to individuals or Hindu undivided families.