Specified income exemption ensures license and application fees plus related interest are exempt subject to compliance. The Central Government notifies the Odisha Electricity Regulatory Commission for exemption of specified income comprising license fee, application processing fee, and interest on Government grants and those receipts, subject to conditions that the Commission shall not engage in commercial activity, the activities and nature of specified income remain unchanged, and the Commission files returns as required; the notification is applied retrospectively to the indicated financial year and to subsequent specified financial years.