Tariff amendment reclassifies ceftazidime as a drug intermediate and reduces its customs duty under amended notifications.
Central government amends three customs exemption notifications by omitting a specified table entry in one, inserting tariff designation 7 ACA in another, and adding ceftazidime as a listed entry in a third, thereby altering the tariff classification and treatment of that drug intermediate.

Advisory Committee under section 410 constituted; specified members appointed for a two-year term effective from publication.
Constitution of an Advisory Committee under section 410 of the Companies Act, 1956 is effected by Central Government notification naming four members - Shri Bansi Dhar, Shri N.J.N. Vazifdar, Dr. E.V. Mani and Shri S.C. Vasudeva - and fixing their term of office at two years from the date of publication of the notification.

Securities Contracts Rules amendment proposes omission of a specified sub clause and invites public comments within the prescribed period.
Draft rules propose omission of sub clause (iii) of clause (4A) of rule 8 in the Securities Contracts (Regulation) Rules, 1957; the amendment is notified as the Securities Contracts (Regulation) third Amendment Rules, 1994 and will come into force upon final publication in the Official Gazette. The draft is published for public consultation and invites objections or suggestions to be sent to the Secretary, Department of Economic Affairs, Ministry of Finance within the period specified in the notification.

Land Customs Station designation establishes a sole permitted land route for cross-border goods movement under Customs Act authority.
The Central Government, exercising powers under section 7(b) and (c) of the Customs Act, appoints the place under the Collector of Central Excise, Chandigarh as a Land Customs Station for clearance of goods imported from or exported to China by land, and prescribes the specific land route identified in the Table as the sole permitted route for movement of those goods.

Specification of bonds under section 80L: secured, redeemable, non cumulative issue designated for tax purposes by notification.
The Central Government, under clause (ii) of sub section (1) of Section 80L of the Income tax Act, specifies the VIth Series secured, redeemable, non cumulative bonds (taxable interest at 17.5 per cent) identified by serial numbers F 13281801 to F 14671800 and by aggregate issuance amount, by Notification No. S.O.540(E) dated 14 7 1994, thereby designating that series for the purposes of the cited clause.

Tax-exemption amendment substitutes the registered institution name in an existing notification under the income-tax framework.
The Central Government, exercising powers under the tax-exemption provision and on the National Committee's recommendation, amends Notification No. 267(E) dated 29 March 1994 by substituting the institutional name at serial number 14 in the Table: replacing P.A.C. Ramasamy Centenary Trust with P.A.C. Ramasamy Raja Centenary Trust, Ramamandiram, Tenkasi Road, Rajapalyam, Kamarajar district, Tamilnadu-626177, as published in S.O. 527(E) dated 14-7-1994.

Amendment to Section 35AC notification clarifies specified exemption periods for listed projects across assessment years.
The Central Government amends a notification under the Income tax Act to substitute its concluding paragraph with a schedule specifying exemption periods for listed projects: one year for the project at serial number 6 (assessment year 1994 95); two years for projects at serial numbers 3, 10 and 11 (assessment years 1994 95 and 1995 96); and three years for projects at serial numbers 1, 2, 4, 5, 7, 8, 9 and 12 (assessment years 1994 95 through 1996 97).

Section 35AC notification amendment substitutes the named institution and updates its address in the tax-exemption schedule.
The Central Government, under Section 35AC of the Income-tax Act and on the National Committee's recommendation, amends Notification No. 15(E) dated 11 January 1994 by substituting the entry at serial number 5 in the Table: replacing "Rotary Club of Bombay" and its address with "Rotary Club of Bombay Medical Trust" and the specified Indian Red Cross Society Building address in Bombay.

Section 35AC approval extends Tarun Sangha's project eligibility for an additional assessment year under amended notification.
Tarun Sangha is approved as an eligible institution to carry out the specified project or scheme for a further period in relation to assessment year 1995-96 under the authority of sub section (1) read with the Explanation to section 35AC, with reference to the estimated cost in the Table; the notification also substitutes the concluding paragraph to set two and three year periods of force for listed projects, thereby defining assessment year eligibility for the projects enumerated in the Table.

Tax exemption under section 35AC: approval of a corporate construction project permitting a capped deduction for project costs.
Approval under section 35AC designates Mafatlal Industries Limited's construction of a centre at Nadiad, including building, furnishing and fixtures, as an eligible project, specifies the estimated project cost and the maximum amount allowable as a deduction, and confines the notification's application to two specified assessment years.

Exemption under section 35AC: specified charitable projects approved as eligible for deductible project costs across listed institutions.
Approval under section 35AC authorises specified institutions and their listed projects as eligible for deduction by setting the maximum project costs allowable as deductions. The notification enumerates each institution, describes the project or scheme (child care, rehabilitation, health, education, rural development and sports related activities) and specifies the maximum amount of project cost that may be deducted. It also prescribes differing periods of assessment year applicability for groups of projects.

Tax exemption for technical service fees: specified defence related services income excluded from taxable total under government declaration
Central Government declares that any income arising to the State Foreign Economic Corporation for Export and Import of Armament and Equipment by way of fees for technical services received in pursuance of the agreement dated 11 September 1992 with the President of India, for providing services in or outside India in projects connected with security of India, shall not be taken into consideration for computing the total income of the said company under the Income tax Act, 1961.

Section 35AC cost limits revised, altering approved project cost ceilings and notification durations for eligibility.
The notification amends earlier approvals under section 35AC by increasing the approved maximum project cost ceilings for specified serial numbers and by substituting the prior duration clause with a new schedule: one-year duration for serial number 9, two-year duration for serial numbers 1 and 12, and three-year duration for serial numbers 2, 3, 4, 5, 6, 7, 8, 10 and 11 in relation to the stated assessment years.

Banker-to-issue regulations establish a regulatory framework for bankers' roles in securities issuances through notified rules.
Notification establishes the Bankers to an Issue Regulations, 1994 as a regulatory instrument for the role of bankers in securities issuances, made under statutory rulemaking authority with prior governmental approval and published as a SEBI notification dated 14 July 1994.

Banker to an issue registration: certificate required with agreement, fee payment, grievance redressal, and fixed-term validity.
These rules require banks acting as bankers to an issue to hold a Board-issued certificate; applicants pending registration may continue until disposal. Certificates are granted or renewed only if the banker enters into a binding agreement with the issuer defining duties, pays prescribed registration fees, implements investor grievance redressal within one month while reporting complaint particulars and redressal to the Board, and accept that certificates are valid for three years. Renewals are subject to the same conditions.

Exemption for defence, police and anti-smuggling equipment from customs and additional duty when imported under specified conditions.
Notification No. 155/94 grants exemption from customs duty and from additional duty under the Customs Tariff Act for goods in the First Schedule when imported into India, subject to conditions in the Table. The Table's List A covers government ordered defence aircraft, parts and specialised military stores appropriated at shipment or clearance; List B covers anti smuggling equipment for government or authorised importers certified by the Department of Revenue; List C covers police use munitions and protective equipment certified by the Ministry of Home Affairs.

Commercial samples, advertising materials and free price lists exempt from import duty subject to value, unit and documentation conditions.
Exemption from customs duty and integrated tax is granted for commercial samples, advertising materials and free price lists under the 1952 Convention, subject to conditions: goods must be marked as samples, importer must produce Import Export Code and declaration of use to secure or execute export orders, value and unit limits apply (including special gem and jewellery rules backed by an export council certificate), and the importer must give an undertaking to pay duty if declarations are false; prototypes for export orders require council certification, re export or destruction within nine months for specified values, and bonds to secure compliance.

Foreign goods imported for repair and return must be re exported within specified periods under bond and identity verification.
Articles of foreign origin imported for repair and return are exempt from customs duty and integrated tax provided the importer declares the purpose, re exports the goods within prescribed periods (generally six months with permitted extensions), permits customs to verify identity, and executes a bond undertaking to re export and to pay duty if re export does not occur.

Imports of assistive devices, educational tapes and research kit exempt from customs duty subject to institutional certificates and use conditions.
Exemption permits specified imported assistive appliances, educational video media and research equipment to enter duty free (nil rate shown) when imported by eligible institutions, subject to production of prescribed certificates and written undertakings at clearance, and to use, disposal and commencement of operations conditions; the notification is time limited and some entries have been omitted by amendment.

Aircraft equipment import exemptions require re-export within one month or duty payment obligation and customs supervision.
Exemption grants full customs duty and integrated tax relief on specified aircraft-related goods imported for maintenance or fitment, conditional on customs supervision, importer declaration of fitment and re-export, re-export within one month (or extended period allowed by Assistant/Deputy Commissioner), presentation for identification before re-export, and execution of an undertaking to pay duty if re-export obligations are not met.