Appointment of customs airport: Visakhapatnam designated for unloading specified ship, electronics and steel project imports.
Visakhapatnam airport is appointed as a customs airport under clause (a) of Section 7 of the Customs Act, superseding earlier notifications, solely for unloading specified imported goods: ship manufacture inputs; ship repair and maintenance goods; electronic components for wireless communication equipment and radar; and spares/components for the Visakhapatnam Steel Project.

Tax exemption for specified MTNL tax free bonds contingent on registration of holders' names and holdings.
Central Government specifies that "MTNL 10 year 9 per cent. (tax free) Secured Redeemable Non Convertible Telephone Bonds 1989 (3rd Issue)", issued by Mahanagar Telephone Nigam Limited, are specified for the purposes of clause (15)(iv)(h) of section 10, and the exemption is admissible only if the holder registers his name and holding with the Nigam.

Customs amendment adds cotton and silk durries to the notified list, altering item classification under customs rules.
The Central Government, under clause (a) of section 7 of the Customs Act, 1962, by Notification No. 56/89 Cus. (N.T.), inserts sub item (viii) - cotton and silk durries - into Item (b), column 3, against Serial No. 2 of the Table to Notification No. 75 Customs dated 3 July 1975, thereby expanding the listed goods in that entry.

Central Excise amendment expands territorial coverage by adding Raigad District to the specified notification.
Amendment inserts Raigad District of Maharashtra into paragraph 2, clause (i) of the cited Central Excise notification, expanding the territorial scope of that notification under the Central Excise Rules by adding a new item after the existing enumerated entries.

Customs exemption for polypropylene masterbatch limits payable duty for manufacturers using it in yarn production, subject to certification and bond.
Exemption provides partial customs duty relief on polypropylene master batch imported for manufacture of polypropylene multi filament yarn by limiting duty payable to an amount calculated at a specified ad valorem rate. Conditions require production of a use certificate from the Assistant Collector of Central Excise within a period specified by the Assistant Collector of Customs and execution of a bond to secure payment of the difference where goods are not proved to have been used for the permitted manufacturing purpose.

Customs amendment: substitution of tariff entry to list polystyrene and copolymers of styrene under Customs Act authority.
The Central Government, invoking its statutory power under the Customs Act and citing public interest, amends Notification No. 47/89-Customs by substituting in the annexed Table, against serial number 3, the entry in column (2) with the description "polystyrene and copolymers of styrene."

Excise duty exemption for fireworks limited to duty exceeding a prescribed ad valorem rate under statutory notification.
A notification exempts fireworks under sub heading 3604.10 from that portion of excise duty which exceeds an amount calculated at a specified ad valorem rate, thereby capping the taxable liability for those fireworks at the prescribed ad valorem benchmark.

Central Excise tariff amendment: polystyrene and styrene copolymers now subject to a specified ad valorem charge under notification.
The Central Government, invoking sub section (1) of section 5A of the Central Excises and Salt Act, 1944, amends Notification No. 133/86 C.E. by substituting S. No. 1 in the annexed Table with an entry for headings 3903.10 and 3903.90, covering polystyrene and copolymers of styrene, and prescribing an ad valorem charge for those goods.

Designation of tax-free bonds: registration required to secure specified wealth-tax treatment for holders.
Central government notification designates MTNL 10-year 9 per cent (tax free) Secured Redeemable Non-Convertible Telephone Bonds, 1989 (3rd Issue) as specified for clause (xvie) of section 5(1) of the Wealth-tax Act, with eligibility for the benefit conditioned on the holder registering his name and holding with the issuing Nigam.

Port renaming updates a customs notification, replacing Nhava Sheva with Jawaharlal Nehru Port across the notification table.
Amendment under powers of section 4(1) of the Customs Act substitutes port nomenclature in clause (c) of Item No. 1 of Notification No. 251/83 Customs: column 1 replaces "The Port of Nhava Sheva" with "the Jawaharlal Nehru Port", and columns 2-4 replace every occurrence of "Nhava Sheva" with "Jawaharlal Nehru Port".

Customs port designation amended: Nhava Sheva replaced by Jawaharlal Nehru Port in notification under customs law.
Amendment substitutes the words "Kandla and Jawaharlal Nehru Port" for the words "and Kandla, Nhava Sheva" in clause 1 of Notification No. 38-Customs (1 February 1963), effected under the powers conferred by section 4(1) of the Customs Act, 1962.

Customs designation change: Collector of Customs, Jawaharlal Nehru Port inserted into notification list by Central Government.
Amendment substitutes the entry in the Table to Notification No. 48/88 Customs (N.T.), replacing the previous Serial No. 15 entry with the Collector of Customs, Jawaharlal Nehru Port, effected under the Central Government's powers under the Customs Act, 1962.

Appointment of Collector of Customs: Bombay designated to adjudicate specified cross regional smuggling cases involving seized fax machines.
The Central Government appoints the Collector of Customs, Bombay to act as Collector of Customs for Delhi, Bangalore, Calcutta, Ahmedabad, Chandigarh and Madras solely for the purpose of adjudicating matters arising from the seizure and alleged smuggling of 58 fax machines involving M/s. Micro Documentation Centre and M/s. Fototech Services, under sub section (1) of section 4 of the Customs Act, 1962.

Administrative discretion to extend prescribed periods now permits the Principal Collector to grant time extensions by reasoned order.
A proviso is added permitting the Principal Collector to extend the period specified in the first proviso to rule 173H(1) upon a representation, if in his opinion circumstances justify it, by an order recording reasons in writing.

Notification amendment: central excise notification reassigns administrative responsibility by substituting one ministry name for another.
The Central Government, exercising powers under sub section (1) of section 5A of the Central Excises and Salt Act, 1944, amends Notification No. 187/72 Central Excises by substituting the words Ministry of Agriculture with Ministry of Food Processing Industries in column (3) against Sl. No. 1 of the Table; the change is limited to that textual substitution and the reassignment of the named ministry.

Tax exemption for specified SCICI bonds requires holder registration with issuer to claim the tax-free interest benefit.
Central Government specifies 15-year 9 per cent. SCICI Bonds (Series 2) as entitled to tax exemption under clause (15)(iv)(h) of section 10, with the exemption admissible only if the bondholder registers his name and holding with the issuing company, making issuer registration a prerequisite to claim the tax-free treatment.

Declaration of warehousing stations under customs law supersedes prior notification, formally designating specified villages for warehousing.
The notification, issued under section 9 of the Customs Act, declares specified villages in Tehsil Dhar as warehousing stations, and supersedes an earlier board notification, thereby establishing those localities for application of customs warehousing procedures and territorial control.

Tax-free bond specification under wealth-tax law, benefit on transfer subject to timely registered notification by transferee.
Specification designates 15-year 9 per cent. (tax free) SCICI Bonds, (Series 2) issued by the Shipping Credit and Investment Company of India Limited as qualifying under the Wealth-tax Act; the tax benefit on transfer by endorsement or delivery is conditional on the transferee informing the issuing company by registered post within the prescribed notification period.

Exchange rate amendment: Pound Sterling rate substituted under statutory customs and stamp powers, effective mid-September.
Under the statutory powers cited, the Central Government substitutes the Schedule entry for Serial No. 14 in Notification No. 40/89-Cus. (N.T.) by specifying the Pound Sterling exchange rate as 3.8445, effective from 16-9-1989, via Notification No. 50/89-Cus. (N.T.).

Double taxation agreement limits taxation of business profits to the country where a permanent establishment exists, with concessional source taxation.
The Convention provides that business profits of an enterprise of one Contracting State are taxable in the other State only if the enterprise operates through a permanent establishment there; it also makes mutual exemption for shipping and aircraft profits and prescribes concessional source-country taxation for dividends, interest, royalties and specified service fees, with entry into force upon exchange of notes confirming completion of each State's legal procedures.