Specification of public sector bonds confirms two seven year secured redeemable bonds specified for wealth tax treatment.
Specification under section 5(1)(xvie) designates particular public sector debentures as falling within the clause for wealth tax purposes. The Central Government, by notification dated 19 November 1986, specifies two instruments as eligible: a seven year secured redeemable non convertible bond issued by the Indian Petrochemicals Corporation Ltd., Baroda, and a seven year secured redeemable bond (13th Series) issued by the Rural Electrification Corporation Ltd., New Delhi.

Specification of debentures: government lists particular secured redeemable non-convertible bonds for wealth-tax recognition under the Wealth-tax Act notification.
The Central Government, exercising its statutory specification power under the Wealth-tax Act, identifies two categories of 7 year secured, redeemable, non convertible bonds issued by public sector undertakings as specified debentures for the purposes of the wealth tax provision, by formal notification.

Specified debentures under wealth tax clause classify particular public sector bonds for treatment under the Wealth tax Act.
The Central Government under clause (xvie) of section 5(1) of the Wealth tax Act, 1957 designates two public sector instruments as specified debentures: 7 year secured redeemable non convertible bonds (A Series) of Indian Telephone Industries Limited and 7 year secured redeemable National Thermal Power Corporation Bonds, 1986 Ist series, thereby fixing their classification for wealth tax purposes.