Notice requirement under section 193 proviso requires transferee to notify issuer by registered post within prescribed period.
The Central Government specifies 7-year 13% taxable secured redeemable non-convertible bonds issued by Indian Petrochemical Corporation Limited for the purposes of the proviso to section 193; the benefit under the proviso applies to transfers by endorsement or delivery only if the transferee informs the issuing corporation by registered post within sixty days of such transfer.

Specification of eligible bonds under section 80L conditions tax benefit on transferee notice within prescribed period.
The Central Government designates certain IPCL bonds as eligible under clause (ii) of sub section (1) of section 80L of the Income tax Act, identifying them as 7 year 13% (taxable) Secured Redeemable Non convertible IPCL Bonds. Continued entitlement to the section 80L benefit after transfer by endorsement or delivery is conditional on the transferee informing the issuing corporation by registered post within sixty days of the transfer.

Excise exemption: duty not recoverable for steel bead wire rings used in cycle tyre manufacture where duty was not levied.
The Central Government directs that the whole of the duty of excise payable on steel bead wire rings used in the manufacture of cycle/cycle rickshaw tyres, where duty was not levied under a prevailing practice, shall not be required to be paid in respect of such rings on which duty was not levied in accordance with that practice.

Appointment of Appropriate Authority: Delhi's entry replaced to name Shri S.K. Lal as Commissioner of Income-tax.
The Central Government, under the powers of Section 269UB of the Income-tax Act, issues Notification No. 0690(E) dated 31-08-1989 to amend S.O. 684(E) by substituting in column 2 of the Table, against Serial No. 1, item (i) relating to the Appropriate Authority, Delhi, with the entry naming Shri S.K. Lal, Commissioner of Income-tax.

Appropriate Authority appointment under statutory Income tax powers: substitution names new Commissioner of Income tax in the notification.
Amendment substitutes the item (ii) against Serial No. 1 in the Table of notification No. S.O. 392(E), dated 31st May, 1989, replacing the listed entry with a new entry naming the Commissioner of Income tax as the Appropriate Authority for Ahmedabad, effected by the Central Government under its statutory powers in the Income tax Act.

Wealth tax specification: specified secured redeemable non-convertible bonds eligible under clause subject to transferee notice within sixty days.
The Central Government specifies 7-year 13% (taxable) Secured Redeemable Non-Convertible IPCL Bonds as eligible under clause (xvie) of sub-section (1) of section 5 of the Wealth-tax Act, subject to the condition that benefit on transfer is admissible only if the transferee informs the Corporation by registered post within sixty days of such transfer.

Double taxation relief for international air transport: profits of designated airlines exempt from tax in the other jurisdiction, covering pools.
Profits derived by an enterprise of a Contracting State from the operation of aircraft in international traffic shall be exempt from tax in the other Contracting State. This exemption also applies to profits from participation in a pool, joint business or international operating agency, and interest on funds connected with the operation of aircraft in international traffic shall be regarded as profits from such operation. The Agreement applies to the specified income taxes of each Contracting State and to substantially similar taxes enacted later.

Excise exemption for woven sacks: duty not required where prevailing practice resulted in non-levy during the earlier period.
The Central Government directs that the full excise duty payable shall not be required to be paid in respect of woven sacks of polymers of ethylene or propylene manufactured on looms other than circular looms, where a prevailing practice resulted in non-levy of excise during the relevant period.

Rescission under Rule 57K removes specified Central Excise notifications, withdrawing their continuing regulatory applicability.
The Central Government, exercising powers under Rule 57K of the Central Excise Rules, 1944, rescinds specified earlier Central Excise (Non-Tariff) notifications, withdrawing their continuing applicability under the Central Excise regulatory framework.

Customs exemption rate increase changes tariff concession and extends expiry period under statutory amendment from specified date
The Central Government, exercising powers under sub section (1) of section 25 of the Customs Act, 1962, amends Notification No. 247/84 Customs by substituting a higher percentage in the opening clause effective from the operative date and by substituting a later expiry date in paragraph 2, thereby increasing the tariff exemption rate and extending the notification's period of application.

Specified secured redeemable non-convertible bonds: transferee must notify issuer within sixty days to secure withholding proviso benefit.
Central Government designates specified secured redeemable non-convertible bonds issued by the Nuclear Power Corporation as taxable instruments covered by the proviso to the tax withholding provision; the benefit on transfer by endorsement or delivery is conditional on the transferee informing the issuer by registered post within sixty days of transfer.

Specified Secured Redeemable Non-convertible Bonds under tax law require transferee notification to issuer to retain tax benefit.
Specified Secured Redeemable Non-convertible Bonds issued by the Nuclear Power Corporation qualify for the statutory tax benefit, subject to a condition that the transferee, on transfer by endorsement or delivery, informs the issuing Corporation by registered post within sixty days of such transfer for the benefit to be admissible.

Tax-exempt bond specification: exemption for secured redeemable non-convertible bonds subject to holder registration with issuer.
Central Government specifies secured, redeemable, non-convertible bonds issued by the Nuclear Power Corporation as tax-exempt under the relevant income tax provision; the tax benefit is admissible only if the holder registers his name and holding with the Corporation, making registration a prerequisite for entitlement to the exemption.

Tax exemption for specified secured redeemable non-convertible bonds requires holder registration to qualify for the benefit.
Central Government specifies 10-year 9% tax-free Secured Redeemable Non-Convertible Bonds (D Series) issued by the National Hydroelectric Power Corporation Limited as specified securities under the relevant item of section 10 of the Income-tax Act, making them eligible for the stated tax exemption. The exemption is conditional on the holder registering his name and holding with the issuing corporation; entitlement to the benefit is admissible only upon such registration.

Customs notification amendment inserts an additional exemption schedule entry, effected under statutory customs and finance act powers.
The Central Government, under the Customs Act and the Finance Act, amends Notification No. 161/89-Customs by inserting after Sl. No. 97 a new Sl. No. 98 entry referencing Notification 228/89-Customs dated 23rd August, 1989, effected by Notification No. 229/89-Customs dated 23-8-1989 to expand the Schedule to the original notification.

Customs exemption for lyophilizer imports for antibiotic manufacture, conditional on certification and specified export obligation and monitoring.
Exemption reduces customs duty on lyophilizer equipment within Chapter 84 imported for antibiotic manufacture by exempting duty above a fixed ad valorem threshold and the entire additional customs duty under the Tariff Act, conditional on production of a technical certificate confirming requirement for antibiotic manufacture and a certification that the importer has executed a bond undertaking a multi fold export obligation and will comply with monitoring instructions to enforce that obligation.

Exemption for outboard motor imports conditioned on fisheries certification and importer undertaking, with state fisheries bodies exempted.
The amendment makes the exemption for imported outboard motors under the Customs Tariff Act conditional on (i) a certificate from a senior State fisheries officer confirming fitment to boats used exclusively for fishing and recommending the concession, and (ii) an importer's undertaking to the Assistant Collector to use the motors as specified and to pay, on demand, the difference between duty otherwise leviable and duty paid if the conditions are not complied with; these conditions do not apply to State Fisheries Corporations or recognised Fisheries Co-operative Federations.

Specified bonds tax benefit: transfer qualifies only if transferee notifies issuer within prescribed notice period.
Central Government specifies two categories of Nuclear Power Corporation bonds as eligible under clause (xvie) of section 5(1) of the Wealth-tax Act, 1957: 10-year 9% (tax-free) Secured Redeemable Non-Convertible Bonds (Private Placement) and 7-year 13% (taxable) Secured Redeemable Non-Convertible Bonds (Private Placement). The notification makes the benefit conditional on transferees informing the Corporation by registered post within sixty days of any transfer by endorsement or delivery.

Tax-free bond specification: transfer benefit conditioned on transferee giving registered notice within the prescribed period.
The Central Government specified 10-year 9% tax-free secured redeemable non-convertible bonds (D-Series) issued by the National Hydroelectric Power Corporation Limited as eligible under clause (xvie) of sub-section (1) of section 5 of the Wealth-tax Act, 1957. The tax benefit on transfer by endorsement or delivery is payable only if the transferee informs the issuing Corporation by registered post within sixty days of such transfer.

Compounded levy amendment updates the reference date in the textile fabrics notification, changing the temporal benchmark for levy applicability.
The amendment substitutes the reference date in the proviso to clause (2) of Notification No. 211/82-C.E., altering the temporal benchmark used to determine compounded levy rates for textile fabrics, effected under rule 96 ZI of the Central Excise Rules, 1944.