Minimum duty on removed inputs must at least match the input credit claimed, preventing duty lower than credit allowed.
Where materials or component parts are removed from the factory for home consumption or home use on payment of duty, such duty shall in no case be less than the amount of input credit that has been allowed in respect of those materials or component parts, creating a floor on duty equal to the credit claimed and enabling recovery of previously granted credit on such removals.

Excise exemption for specified automotive parts permits duty-free treatment when used as original equipment in exempt engine manufacture.
Exemption from excise duty applies to a specified list of parts and accessories for motor vehicles, tractors and trailers when proved to be intended as original equipment parts in the manufacture of engines exempt from excise duty; use outside the factory of production requires adherence to the procedural requirements of Chapter X of the Central Excise Rules.

Excise exemption for motor vehicle parts: relief conditioned on original equipment use and prescribed procedural compliance.
Parts and accessories of motor vehicles, tractors and trailers are exempt from the whole of excise duty when it is proved to an officer not below Assistant Collector that they are intended as original equipment parts for specified exempt engines or exempt vehicle parts, and where use outside the factory of production requires following the procedural regime in Chapter X of the Central Excise Rules, 1944.

Rescission of central excise notifications withdraws specified prior exemptions under Rule 8 authority of the excise rules.
The Central Government, exercising the power under sub rule (1) of Rule 8 of the Central Excise Rules, 1944, rescinds Notification No. 75/86 Central Excises dated 10 February 1986 and Notification No. 309/86 Central Excises dated 20 May 1986, thereby withdrawing the legal effect of those notifications.

Approval under section 35(1)(ii): institute granted research-association status subject to accounting, reporting and renewal conditions.
Approval under section 35(1)(ii) was granted to Lal Chand Agro Research Institute as an Association on condition that it maintain separate accounts for research receipts, furnish annual returns of scientific research activities by 31st May, and submit audited annual accounts and balance sheet to the prescribed authority, the Central Board of Direct Taxes, and the concerned Commissioner by 30th June. The Institute must seek extension from the Central Board of Direct Taxes at least three months before approval expiry; late applications may be rejected.

Tax approval under section 35 enables association status subject to separate research accounts, annual returns and audited filings.
The Lions Cancer Research Centre, Surat, is approved as an association for purposes of section 35(1)(ii) of the Income-tax Act, subject to maintaining a separate research account, furnishing annual scientific research returns by 31 May, submitting audited accounts and a balance-sheet with copies to the prescribed authority, the Central Board of Direct Taxes and the Commissioner by 30 June, and applying for extension at least three months before approval expiry.

Approval under section 35(1)(ii) grants research-institution status with annual reporting, accounting and prior renewal conditions.
Approval of the Indian Copper Development Centre, Calcutta as an Institution under section 35(1)(ii) is subject to maintaining a separate account for research funds, furnishing annual returns of scientific research activities by 31st May, submitting audited accounts and balance sheet to the prescribed authority and tax authorities by 30th June, and applying for extension of approval at least three months before expiry.

Approval under section 35(1)(ii) conditions research tax recognition on separate accounts, annual returns and audited filings.
Approval under section 35(1)(ii) is granted to Diabetes Research Centre Foundation, Madras as an "Association" conditioned on maintaining a separate account for research receipts, filing annual returns of scientific research activities by 31st May, and submitting audited annual accounts, income and expenditure statements, and a balance-sheet to the prescribed authority, the Central tax board, and the concerned Commissioner by 30th June. The institution must apply for extension three months before approval expiry; late applications may be rejected. The approval is effective from 1 April 1987 to 31 March 1988.

Research institution approval permits tax-recognition subject to separate research accounts, annual returns, audited accounts, and timely renewal.
Approval is granted to the Man-Made Textiles Research Foundation, Bombay, as an Institution under section 35(1)(iii), subject to maintaining a separate account for research funds, furnishing annual research returns by 31 May, submitting audited annual accounts and balance-sheet to the prescribed authority, CBDT and the Commissioner by 30 June, and applying to CBDT at least three months before approval expiry for extension. The approval period is 1 January 1987 to 31 March 1988.

Approval under section 35(1)(ii) requires approved institutions to maintain separate research accounts and file annual audited returns.
The Tuberculosis Association of India, New Delhi, is approved as an approved institution under section 35 for the category "Association" for 1 4 1987 to 31 3 1988, subject to maintaining a separate account for research funds, furnishing annual returns of scientific research activities by 31 May, submitting audited accounts and balance sheet to the prescribed authority, Central tax administration and Commissioner by 30 June, and applying for extension three months before expiry.

Customs notification amendment removes proviso, changing scope of earlier issued exemption under the Customs Act.
The Central Government, invoking the powers conferred by section 25(1) of the Customs Act, 1962, amends Notification No. 186/87-Customs (29 April 1987) by omitting the proviso, thereby removing that proviso from the earlier exemption notification.

Exemption for goods sent abroad extended to include demonstration and tests, broadening trade fair exemption scope.
Extends the existing exemption for goods sent abroad for participation in an international trade fair by inserting "or sent abroad for the purposes of demonstration or for carrying out tests or for trials" after "Exhibition," thereby broadening eligible outward bound purposes to include demonstration, tests, and trials under the original notification.

Customs notification amendment specifies riverine route between Lalgola Town and Godagarighat as an exempted entry under the exemption framework.
Amendment substitutes Serial No. 8 in the notification schedule to specify Lalgola Town and the riverine routes originating from Lalgola Town to Godagarighat in Bangladesh across the river Padma, thereby defining the geographic corridor covered by the schedule entry under the existing customs exemption framework.

Tax exemption for specified railway finance bonds requires holder to register their name and holding to claim benefit.
Central Government specifies 10% secured redeemable non-convertible bonds issued by the Indian Railway Finance Corporation as falling within the tax-exempt item of clause (15)(iv)(h) of section 10, with the tax benefit subject to a condition that the holder registers his name and the holding with the issuing corporation.

Section 10(23C)(iv) notification recognizes Akhil Bharat Krishi Goseva Sangh for tax-exemption purposes for specified assessment years.
The Central Government, invoking clause (iv) of sub section (23C) of section 10, notifies Akhil Bharat Krishi Goseva Sangh, Wardha as entitled to the benefits of that clause for a defined series of assessment years, identifying the organization by name and fixing the temporal scope of recognition.

Tax exemption for specified railway finance bonds conditioned on holder registration with the issuing corporation.
Central Government specifies 10 per cent. Secured Redeemable Non-convertible Bonds of Rs. 1,000 each issued by the Indian Railway Finance Corporation Limited as covered by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961; the exemption is admissible only if the holder registers his name and the holding with the issuing corporation.

Excise exemption for oilfield supplies subject to certificate and procedural verification under Central Excise rules.
The notification exempts specified goods cleared for supply to the Oil and Natural Gas Commission or Oil India Limited from central excise duty in excess of the amount calculated at the rate of 10 per cent ad valorem, subject to production of a certificate from the recipient confirming required use in oil exploration or exploitation, furnishing evidence as required by the proper officer to verify use, and adherence to the procedural requirements of Chapter X of the Central Excise Rules, 1944.

Excise duty exemption for gas project supplies requires pre clearance certificate and post use verification under prescribed procedures.
Relief limits excise duty on specified tariff goods supplied to the gas sector by capping chargeable duty at a fixed ad valorem rate while exempting the remainder; applicability is confined to goods listed in the Central Excise Tariff Schedule and contingent upon use in the Hazira Bijapur Jagdishpur Project, subject to production of a pre clearance certificate from the gas undertaking, post use verification as required by the proper officer, and compliance with Chapter X procedures of the Central Excise Rules, 1944.

Manufacture in Bond notification adds tariff entries for textured filament yarn and synthetic graphite electrode inputs.
Amendment under rule 191B inserts two new tariff entries into the 1959 notification: one for Textured Filament Yarn described as filament yarn not textured (flat), and one for Synthetic/Artificial Graphite Electrodes, Anodes, Nipples and Files linked to inputs of calcined petroleum coke, binder pitch and coking coal, thereby expanding the Table of covered items for central excise tariff and exemption treatment.

Territorial jurisdiction extended to specified Bombay municipal wards and designated continental shelf/EEZ areas under excise rules.
The amendment substitutes item (p) in rule 2(ii)(A) of the Central Excise Rules, 1944, assigning jurisdiction to the Collector of Central Excise, Bombay-I over (a) Municipal wards A to H and K (East) of the Municipal Corporation of Greater Bombay and (b) areas in the Continental Shelf or Exclusive Economic Zone declared designated areas by Government notification No. S.O. 429(E).