Extension of validity of a customs exemption notification to a later date under Customs Act powers.
The Central Government, exercising powers under sub-section (1) of section 25 of the Customs Act, 1962, amends Notification No.160/87-Cus by substituting in paragraph 2 the earlier expiry date "31st day of March, 1988" with the new expiry date "30th June, 1988", stating the amendment is necessary in the public interest and issuing the change by notification dated 30-3-1988.

Notification validity extension: expiry date substituted to continue a customs exemption notification under Customs Act powers.
The Central Government, exercising its powers under the Customs Act and satisfied of the public interest, amends paragraph 2 of Notification No. 213/85-Customs by substituting the previously stated expiry date with a later date, thereby extending the validity of that miscellaneous exemption notification.

Operative date extension: customs exemption notifications' commencement deferred under statutory power to a later date.
Central Government, invoking sub-section (1) of section 25 of the Customs Act, 1962, directs amendment of three specified Customs exemption notifications by substituting in each notification's paragraph 2 the earlier stated commencement date with a later commencement date, thereby deferring the operative commencement of those notifications as set out in the Table.

Auxiliary duty amendment inserts new customs notification entries and deletes specified prior entries, making the changes operative from commencement.
Amendment to Notification No. 87/88 Customs inserts two new Schedule entries (Nos. 259 and 260) referencing Notifications No. 116 and No. 117 dated 30th March, 1988, and deletes the existing entries against Serial Nos. 213 and 224; the Central Government acts under section 25(1) of the Customs Act read with the Finance Bill provision (given force by the Provisional Collection of Taxes Act), and the amended notification takes effect on 1st April, 1988.

Customs duty exemption for imports under Import-Export Pass Book Scheme, conditional on licence, bond and export compliance.
Exemption from customs and additional customs tariff duty is granted for goods imported for manufacture of exportable resultant products, replenishment of materials used in such manufacture, and mandatory spares exported with those products under the Import-Export Pass Book Scheme, provided the importer holds the Pass Book incorporating an Import Licence, the goods are covered by that licence, the importer produces the Pass Book at clearance, claims the exemption in writing, furnishes bond or bank guarantee evidence, and declares to pay duty on goods not proved to have been used as required.

Advance licence duty exemption for imported materials contingent on certificate, bond and specified export and use conditions.
Exemption from whole customs duty and additional duty is available for goods imported against an Advance Licence where the importer holds a Duty Exemption Entitlement Certificate, makes a written claim at clearance, executes a bond or legal undertaking and declares to pay duty on demand for non compliance; exempt materials must match the particulars in Part C of the Certificate and resultant products and mandatory spares must be exported as specified in Part E within the prescribed period, with specified use, transfer, port restrictions and replenishment conditions.

Research institution approval under section 35(1)(ii) confirmed; reporting, audited accounts and renewal conditions apply for Potash Research Institute for one-year period.
Potash Research Institute, Gurgaon, is approved as an Institution under clause (ii) of sub-section (1) of section 35, subject to conditions: maintain separate research accounts; file annual returns of research activities by 31 May; submit audited annual accounts, income and expenditure statement and balance sheet to the prescribed authority by 30 June with copies to the central tax administration and Commissioner of Income-tax; and apply three months before approval expiry for extension. Approval effective 1 April 1987 to 31 March 1988.

Charitable trust recognition under section 10(23C)(iv) - trust notified permitting income-tax exemption for specified assessment years.
Central Government notification recognizes The Bhagavatula Charitable Trust, Visakhapatnam, as qualifying under the Income-tax provision granting exemption to certain charitable institutions, limited to the assessment years specified in the notification, and records the notification number and date.

Tax exemption recognition grants notified charitable trust eligible tax-exempt status for specified assessment years under income-tax law.
The Central Government notifies M. K. N. Mathurasa Trust, Adirampattinam (Tamil Nadu) as an institution eligible for income-tax exemption under the relevant exempting clause of the income-tax law, specifying that the notification applies to certain assessment years and thereby formally including the trust within the exempting category for those years.

Tax exemption recognition granted to Ramakrishna Vedanta Math for a specified assessment year under charitable institutions provision.
Notification designates Ramakrishna Vedanta Math, Calcutta as eligible under sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961; S.O.1455 dated 29-3-1988 records Central Government recognition of that status for the assessment year 1988-89.

Validity extension of a customs exemption notification substitutes its expiry date, prolonging the notification's operative period.
The Central Government, invoking powers under sub-section (1) of section 25 of the Customs Act, 1962, amends Notification No. 71/87-Cus. by substituting the figures, letters and words denoting the earlier expiry date in paragraph 2 with a new later expiry date, thereby extending the period during which the notification's exemption(s) remain in force.

Extension of notification validity under the Customs Act continues the operation of the specified customs exemption until a later date.
The Central Government, exercising powers under sub section (1) of section 25 of the Customs Act, 1962, amends Notification No. 230/82 Customs by substituting the expiry date in paragraph 2 with a later date, thereby continuing the operation of the specified customs exemption in the public interest. No other provisions of the original notification are altered.

Customs exemption amendment increases ad valorem rate and extends notification validity under Customs Act procedural power.
The Central Government, invoking powers under the Customs Act, substituted a higher ad valorem rate for the rate specified in Notification No. 319/85-Cus. and replaced the previously stated terminal date with a later terminal date, thereby extending the period of validity of that exemption notification by textual substitutions in the notification's first paragraph (rate) and paragraph 2 (validity).

Validity extension of a customs notification: government substitutes the expiry date to continue the exemption measure.
Under the enabling power of section 25(1) of the Customs Act, 1962, the Central Government amends Notification No. 158/87-Customs by substituting the expiry date in paragraph 2 with a later date, thereby extending the notification's period of validity without altering its other substantive terms.

Transfer notification requirement: transferee must notify the issuer promptly to secure tax benefit for specified NTPC bonds.
The Central Government specifies the 7 year 13% Secured Redeemable Non Convertible NTPC Bonds III as falling under the proviso to section 193; the tax benefit under that proviso is admissible on transfer by endorsement or delivery only if the transferee informs the issuer by registered post within sixty days of the transfer.

Tax deduction eligibility for specified NTPC bonds requires transferee to notify the issuer by registered post within sixty days.
The Central Government specifies the "7 Year 13% Secured Redeemable Non-Convertible NTPC Bonds-III Public Issue" as a specified security for the purposes of section 80L(1)(ii), creating tax deduction eligibility, and provides that benefit on transfer by endorsement or delivery is admissible only if the transferee informs the issuing corporation by registered post within sixty days of such transfer.

Tax-free bond exemption for specified MTNL secured bonds; entitlement requires holder registration with the issuing corporation.
Central Government specifies 10-year 9% tax-free secured redeemable non-convertible bonds issued by Mahanagar Telephone Nigam Limited as eligible under clause (15)(iv)(h) of section 10 of the Income-tax Act; the tax-free benefit is admissible only if the holder registers his name and the holding with the issuing Corporation.

Transferee notice requirement for specified bonds: transferee must notify issuer by registered post within sixty days.
Central Government designates the "7 Year 13% (Taxable) Secured Redeemable Non-Convertible Bonds (Second issue)" issued by Mahanagar Telephone Nigam Limited as eligible for the tax benefit under clause (ii) of sub-section (1) of section 80L, and stipulates that where such bonds are transferred by endorsement or delivery the transferee will only be entitled to the benefit if the transferee notifies the Company by registered post within sixty days of the transfer.

Tax-free bond specification: exemption for specified MTNL ten-year secured non-convertible bonds, subject to holder registration.
Government specifies the ten-year secured redeemable non-convertible bonds issued by Mahanagar Telephone Nigam Limited as tax-exempt under the relevant clause of the Income-tax Act; the exemption is subject to the bondholder registering his name and holding with the issuing company.

Specified bonds under section 80L carry deduction eligibility, transferable only if the transferee gives timely registered-post notice.
The Central Government specifies 7 Year 13% Secured Redeemable Non Convertible Bonds (Series I) issued by the Nuclear Power Corporation of India Limited as qualifying under Section 80L(1)(ii); where such bonds are transferred by endorsement or delivery, the transferee must inform the Corporation by registered post within sixty days of transfer for the benefit to be admissible.