Notification of archaeological and artistic importance for Sri Meenakshi Sundareswarar Temple enables Income-tax Act designation and related tax treatment.
Central Government designated Sri Meenakshi Sundareswarar Temple, Madurai as of archaeological and artistic importance under sub-section (6) of section 88 of the Income-tax Act, 1961 by Notification No. S.O.2573, thereby bringing the temple within the Act's regulatory/tax treatment for notified institutions.

Tax exemption for foreign loan interest allows industrial borrowers to exclude interest paid to approved foreign bank from income tax.
Approval designates Kreditanstalt fu r Wiederaufbau as an approved foreign financial institution so that interest payable by industrial undertakings in India on loans contracted under loan agreements with that institution is excluded from taxable income or super-tax under the specified exemption provision.

Tax Recovery Officer powers extended to gazetted officers serving as Certificate-Officers under public demands recovery law.
Authorises Gazetted Officers of the Government of Orissa appointed as Certificate-Officers under the Bihar and Orissa Public Demands Recovery Act, 1914 to exercise the powers of a Tax Recovery Officer under the Income-tax Act, 1961, thereby designating that class of officers to perform statutory tax recovery functions.

Tax recovery designation authorises gazetted officers to exercise Income-tax Act recovery powers as Tax Recovery Officers.
Authorises Gazetted Officers appointed to perform Certificate Officer duties under the Bihar and Orissa Public Demands Recovery Act, 1914 to exercise statutory tax-recovery powers under the Income-tax Act, 1961 by virtue of sub-clause (iii) of clause 44 of section 2, enabling those officers to act as Tax Recovery Officers.

Tax recovery officer powers extended to Gazetted Officers appointed as certificate-officers, enabling exercise of Income-tax Act recovery powers.
Authorises Gazetted Officers of the Government of West Bengal appointed as Certificate-Officers under the Bengal Public Demands Recovery Act, 1913, to exercise the powers of a Tax Recovery Officer under the Income-tax Act, 1961, by virtue of the Central Government's power under clause (iii) of clause (44) of section 2 of the Income-tax Act.

Income-tax certificate recovery rules set procedures for attachment, custody, sale and enforcement to recover tax arrears.
Rules for certificate proceedings set out appointment and jurisdiction of Tax Recovery Commissioners and Officers, requirements for issuing and transmitting recovery certificates and notices, and duties to report recoveries. They prescribe attachment and sale procedures for movable and immovable property-allowing attachment despite encumbrances, proclamation and reserve price rules, conduct of sales, confirmation and registration of sale certificates, delivery to purchasers and vesting orders. The rules also govern custody and maintenance of attached property, fees and poundage, appointment and accountability of receivers, and arrest and detention procedures under certificate execution.

Re-import exemption for aircraft catering supplies: duty waived subject to segregation, duty payment on uplifted goods and record conditions.
Exemption is provided for re-importation of catering cabin equipments and food and drink by Indian Airlines aircraft: goods are exempt from import duty provided they were not taken on board at any foreign port and the Indian Airlines Corporation executes an undertaking with the Chief Customs Officer to segregate exempt goods from other uplifted goods, pay duty on non-eligible uplifted goods, and maintain records for scrutiny.

Exemption for confiscated imports allowed to be exported in lieu of confiscation after breach of import control requirements.
The Central Government exempts goods imported but denied clearance for non fulfilment of Import Trade Control Regulations, which were confiscated under the Sea Customs Act and allowed to be exported in lieu of confiscation, on payment of a fine or otherwise.