Research institution approval requires separate research accounts, annual returns, audited accounts, and timely renewal application.
Approval under Section 35(1)(ii) recognizes Kaivalyadhama Sreeman Madhav Yoga Mandir Samiti as an approved research institution subject to conditions: maintain a separate account for research funds; furnish annual returns of scientific research activities by 30 April; submit audited annual accounts and balance-sheet to the prescribed authority and the Commissioner by 30 June; and apply for extension to the Central Board of Direct Taxes three months before approval expiry. The approval period is from 1 April 1986 to 31 March 1988.

Research institution approval requires separate research accounts, annual returns, audited accounts, and timely renewal application.
Income Tax research approval is granted to Adi Sankara Advaita Research Centre, Madras subject to maintaining separate accounts for research funds, filing annual research returns to the prescribed authority by 30 April, submitting audited annual accounts and balance sheet to the prescribed authority and the Commissioner by 30 June, and applying for extension three months before approval expiry; approval effective 1 April 1984 to 31 December 1984.

Customs tariff amendment: Schedule entries revised to omit one entry and insert a new notification reference.
The Central Government, invoking powers under sub section (1) of section 25 of the Customs Act, 1962 read with sub section (4) of section 49 of the Finance Act, 1986, amends Notification No. 312/86 Customs by omitting Sl. No. 258 from the Schedule and inserting after Sl. No. 274 a new entry, Sl. No. 274A, referencing Notification No. 424/86 Customs dated 28th August 1986.

Auxiliary duty amended: government removes a specified item from customs exemption notification, affecting tariff table entries.
Notification No. 440/86-Cus dated 6-10-1986 amends Notification No. 311/86-Customs (13 May 1986) by omitting item No. (3) and its entry in column (3) against S. No. 23 of the Table, thereby removing that specific table entry from the exemptions schedule.

Customs notification amendment: substitution of tariff heading and omission of schedule entry alters exemption scope.
Amendment substitutes the prior reference to multiple tariff headings with heading No. 44.03 and omits Sl. No. 3 and its entry from the Schedule, thereby narrowing the tariff classification cited in the exemption notification and altering the scope of the miscellaneous exemption.

Tariff amendment expands exemption scope by adding Chapter 52 to the referenced chapters in the excise notification.
The amendment substitutes the phrase "Chapter 54 or 55" with "Chapter 52 or 54 or 55" in both the opening paragraph and the proviso of the notification, thereby expanding the tariff chapters referenced for the notification's miscellaneous exemptions concerning yarn doubled or multifold.

Tariff exemption amendment removes lime, burnt lime and bleach liquor from specified exemption entries, altering exemption table.
The government amends the annexed Table to Notification No. 40/85-Central Excises by deleting "lime" from Column (2) against S. No. 7, deleting "burnt lime" from Column (2) against S. No. 9, and deleting "and bleach liquor" from Column (3) against S. No. 19, thereby removing those goods from the exemption entries under the Central Excise notification.

Excise exemption for lime and hydrated lime when used in manufacture of sugar, bleach liquor and paper.
Notification exempts lime and hydrated lime from the whole duty of excise when intended for use in the manufacture of sugar, bleach liquor and paper and paperboard, where such use is in the factory where the goods are manufactured or in any other factory of the same manufacturer; if use is in a different factory of the same manufacturer, the exemption is allowable only subject to the procedure set out in Chapter X of the Central Excise Rules, 1944.

Shipyard goods exemption: excisable items for use in building ocean-going vessels are fully exempt, subject to Chapter X compliance.
Excisable goods manufactured in a shipyard and intended for use in the manufacture of ocean-going vessels in the same shipyard are exempt from the whole of the duty of excise specified in the Schedule to the Central Excise Tariff Act, 1985. If such use occurs in a different shipyard of the same manufacturer, the exemption applies only upon compliance with the procedure set out in Chapter X of the Central Excise Rules, 1944.

Section 10(23C)(v) notification: Dharmapuram Adhinam recognized for specified assessment years by Central Government.
The Central Government, invoking clause (v) of sub section (23C) of section 10 of the Income tax Act, 1961, notifies "Dharmapuram Adhinam" for the purposes of that clause, applying the notification to assessment years 1985-86 and 1986-87 and publishing the action as Notification No. S.O.4093 dated 3 10 1986 (No. 6948/F. No. 197/159/86-IT(AI)).

Tax exemption notification under section 10(23C)(v) recognizes an institution for specified assessment years under the Income-tax Act.
The Central Government, exercising powers under clause (v) of sub-section (23C) of section 10 of the Income-tax Act, notifies Paramekkavu Devaswom, Trichur for the purposes of that clause and designates the institution as recognized for the assessment years 1985-86 to 1986-87, citing the official notification reference.

Exemption condition clarified: dyes exempt only if made from Chapter 29 or 32 precursor dyes with duty already paid.
The notification amends the exemption condition for dyes to require that the dyes be manufactured from a precursor dye falling under Chapter 29 or Chapter 32 of the Central Excise Tariff Schedule and that the excise duty or additional customs duty leviable on that precursor dye has already been paid, replacing the earlier, broader phrasing.

Approval under Section 35(1)(ii) for research association requires annual returns, audited accounts, and timely renewal application.
Approval under section 35(1)(ii) is granted to Sangeet Research Academy, Calcutta, as an "Association" subject to conditions: maintain a separate account for research receipts; furnish annual returns of scientific research activities to the prescribed authority by 30 April; submit audited annual accounts, income and expenditure statement, and balance sheet to the prescribed authority and the Commissioner of Income-tax by 30 June; and apply to the Central Board of Direct Taxes for extension three months before approval expiry.

Extension of exemption notification expiry extends specified customs exemption notifications' operative date to a later date.
Substitutes in paragraph 2 of the listed customs exemption notifications the figures, letters and words "30th day of September, 1986" with the figures, letters and words "31st day of December, 1986," thereby extending the operative period of the specified exemption notifications (2-Customs, 210/85-Customs and 255/86-Customs).

Extension of exemption period for cork wood and cork waste, amending prior customs notification to prolong its effective date.
The Central Government amends Notification No. 111/84-Customs by substituting the expiry date in paragraph 2, thereby extending the period during which the miscellaneous exemption for cork wood and cork waste applies under the Customs Act.

Nationwide adjudicatory jurisdiction granted to a Collector for investigation and adjudication of Board assigned excise cases.
The Central Board of Excise and Customs vests the Collector of Central Excise, Pune, with the powers of a Collector to be exercised throughout India for investigation and adjudication of cases assigned to him by the Board under clause (b) of section 2 of the Central Excises and Salt Act, 1944 read with rule 4 of the Central Excise Rules, 1944.

Research institution approval under section 35 requires compliance with accounting, reporting, audit and renewal application conditions.
Approval is granted to the Asian Centre for Organisation, Research and Development, New Delhi as an institution under Section 35(1)(iii), conditional on maintaining separate research accounts, filing annual research returns by 30 April, submitting audited annual accounts and balance-sheets to the prescribed authority and the Commissioner by 30 June, and applying for extension three months before approval expiry; approval covers the period from 1-4-1986 to 31-3-1989.

Research approval under section 35(1)(ii) establishes compliance conditions for institutions seeking tax recognition for scientific research.
Approval under section 35(1)(ii) recognises the Bai Jorbai Wadia Hospital for Children and Institute of Child Health Research Society as an "Association" for tax purposes, conditional on maintaining a separate account for research receipts, filing annual returns of scientific research activity by 30 April, and submitting audited annual accounts and balance-sheet to the prescribed authority and Commissioner of Income-tax by 30 June; renewal requires application to the Central Board of Direct Taxes at least three months before expiry.

Customs notification amendment: exemption for trawler components extended by substituting the prior expiry date under Section 25 authority.
The Central Government, exercising powers under Section 25(1) of the Customs Act, 1962, hereby amends Notification No. 247/84-Customs by substituting the figure, letters and words specifying the earlier expiry date in paragraph 2 with a later date, thereby extending the temporal application of the exemption concerning components for manufacture of trawlers on the stated grounds of public interest.

Exchange rate determination under the Customs Act fixes specified foreign-currency-to-rupee conversion rates, superseding prior notification.
Determination of conversion rates under the Customs Act prescribes, effective from the first day of October 1986, the rate of exchange for each listed foreign currency as the amount of that currency equivalent to one hundred rupees, and supersedes the earlier government notification; the schedule provides the definitive conversion figures for customs and tariff purposes.