Avoidance of double taxation: treaty allocates taxing rights, limits source withholding, and mandates information exchange.
Convention sets a bilateral tax framework to avoid double taxation and prevent fiscal evasion between India and Korea, applying to residents and income taxes. It defines residence rules and a permanent establishment test (with exclusions and an agent rule) to allocate taxing rights over business profits and other income categories. The treaty prescribes source state withholding ceilings for dividends, interest, royalties and technical service fees where the recipient is beneficial owner, provides for elimination of double taxation by tax credits subject to domestic law and ceilings, and establishes mutual agreement and exchange of information mechanisms.

Tariff classification amendment expands motor vehicle exemption scope by adding an additional vehicle heading to the notification.
The Central Government, invoking sub-rule (1) of rule 8 of the Central Excise Rules, 1944, amends Notification No. 241/86-Central Excises by substituting the opening portion's reference so that the list of tariff headings reads "87.02, 87.03 or 87.04" instead of "87.02 or 87.04", thereby including the additional heading within the notification's scope.

Avoidance of double taxation: treaty allocates taxing rights and prescribes PE-based profit attribution and relief mechanisms.
The Agreement allocates taxing rights between India and Canada to avoid double taxation and prevent fiscal evasion by applying to residents and taxes on income, defining key terms and residency tie-breakers, and prescribing permanent establishment criteria and profit attribution on an arm's-length basis. It sets source-state withholding limits for dividends, interest and royalties/technical fees, provides rules for business profits, immovable property, capital gains, and various personal services, and establishes mechanisms for elimination of double taxation, mutual agreement procedures, exchange of information, non-discrimination, and entry into force and termination rules.

Appropriate authorities under section 269UB constituted as three-member panels to operate within specified metropolitan local limits.
Constitution of appropriate authorities under section 269UB of the Income-tax Act, forming each authority as a three-member body to discharge Chapter XXC functions, with specified member designations and defined metropolitan or municipal local limits. The notification takes effect on 1 October 1986 and notes later substitutions to member appointments and territorial descriptions by subsequent notifications.

Customs amendment: substitution of tariff item to include automatic grinding machines for fluted shank cutting tools.
Central Government, invoking section 25(1) of the Customs Act, 1962, amends Notification No. 154/86-Customs by substituting item 13 in the annexed Table against Sl. No. (i) in column (2) with: "Automatic Grinding Machine for Grinding Straight and Spiral Flutes in Shank type Cutting Tools."

Approval under section 35(1)(ii): institute approved as Association subject to annual scientific returns, audited accounts and timely renewal application.
Approval of Central India Institute of Medical Sciences, Nagpur, under section 35(1)(ii) as an "Association" is conditional on maintaining a separate account for research funds; filing annual scientific research returns by 30 April; submitting audited annual accounts, income and expenditure statements and balance-sheet copies to the prescribed authority and the Commissioner of Income-tax by 30 June; and applying to the Central Board of Direct Taxes at least three months before expiry for extension, with late applications liable to rejection.

Research institution approval requires separate research accounts, annual returns, audited accounts, and timely renewal application.
Vivekanand Medical Research Society, Latur, is approved as an institution for income-tax recognition for scientific research under clause (ii) of sub section (1) of section 35, subject to conditions: maintain separate accounts for research receipts; furnish annual returns of research activities by 30 April; submit audited annual accounts and balance sheet with copies to the Commissioner by 30 June; and apply to the Central Board of Direct Taxes three months before approval expiry for renewal, with late applications liable to rejection.

Approval under section 35(1)(iii): institution recognised for research, subject to separate accounts, annual returns and audited submissions.
Approval under section 35(1)(iii) recognises the Model Institute of Education and Research, Jammu as an Institution for research-related income-tax purposes, conditional on maintaining separate accounts for research receipts, furnishing annual research activity returns by 30 April, and submitting audited annual accounts with income and expenditure and a balance-sheet to the prescribed authority by 30 June with copies to the concerned Commissioner; approval is time-limited and requires timely application for extension.

Institutional approval under section 35(1)(ii): Visva Bharati recognised for research deductions subject to reporting and account conditions.
Visva Bharati is approved as a University for research-related tax purposes, subject to maintaining separate research accounts, filing annual research returns by 30th April, submitting audited accounts and balance-sheets to the prescribed authority and the Commissioner by 30th June, and applying for extension of approval at least three months before expiry; the approval is effective for a specified three-year period.

Research approval under section 35(1)(ii) requires separate research accounts, annual returns, audited accounts and timely renewal.
Approval is granted to Ram Narain Ruia College, Matunga, Bombay, under Section 35(1)(ii) as an approved research institution (category "College") for 1-9-1986 to 31-3-1989. Conditions: maintain a separate account for research receipts; furnish annual returns of scientific research activities by 30 April; submit audited annual accounts and balance-sheet to the prescribed authority and Commissioner by 30 June; and apply to the Central Board of Direct Taxes for extension at least three months before approval expiry.

Approval under section 35(1)(iii): institution recognised for research subject to annual reporting, audited accounts, and renewal application.
The Centre for Research in Rural & Industrial Development, Chandigarh, is approved under section 35(1)(iii) as an institution for scientific research, conditional on maintaining separate research accounts, filing annual research activity returns by 30 April, submitting audited accounts and balance-sheet to the prescribed authority and Commissioner by 30 June, and applying for extension of approval to the Central Board of Direct Taxes at least three months before expiry. The approval period runs from 1 August 1986 to 31 March 1988.

Exchange rate determination for Russian rouble under Customs Act established for conversion with Indian currency for customs purposes.
The Central Government, under section 14 of the Customs Act, fixes the rupee equivalent for conversion of one Russian rouble into Indian currency or vice versa for customs purposes, superseding the earlier notification and prescribing a uniform exchange rate to be applied in statutory customs computations.

Customs amendment adds a new schedule entry to an existing exemption notification, expanding auxiliary duty coverage.
The Central Government, invoking powers under the Customs Act and the Finance Act and in the public interest, amends Notification No. 312/86-Customs by inserting after Sl. No. 274 a new Sl. No. 275, recording No. 431/86-Customs dated 19th September 1986, thereby formally adding that auxiliary duty exemption notification to the schedule.

Customs duty exemption for specified imported machinery enabling initial plant setup for electronic PABX, conditional on departmental certificates.
Targeted customs exemption allows machinery and instruments in Chapters 84, 85 or 90 imported by Electronic Trade and Technology Development Corporation Limited for initial plant setup to manufacture electronic PABX equipment to be relieved of duty in excess of a capped ad valorem rate and of the additional customs duty, subject to production of a Department of Electronics certificate at clearance and a subsequent departmental certificate within six months (or extended period) confirming actual use for the specified purpose.

Declaration of warehousing station under statutory powers supersedes an earlier customs notification and fixes a designated storage location.
The Central Board, exercising statutory powers under section 9 of the Customs Act, declares Village Chandrapura to be a warehousing station and expressly supersedes an earlier Central Board notification, thereby establishing that location within the customs administrative framework for storage and related customs procedures.

Tariff classification amendment expands eligible chapter headings to include an additional heading for sports-goods imports.
The government amends the Table to Notification No. 68/80-Customs by substituting the figures and word "39 or 54" with "39, 54 or 56" against Sl. No. 1, thereby adding an additional tariff heading to the list of classifications eligible for imports used in the manufacture of sports goods.

Excise exemption prevents collection of excess duty short levied on matches due to a prevailing packaging practice.
The Government directed that the portion of excise duty payable in excess of the rate which would have applied under the earlier notification shall not be required to be paid in respect of matches on which that excess portion was short levied during the identified period, as a consequence of a prevailing practice involving use of power manufactured cardboard boxes.

Tariff amendment expands excise exemption to include papad alongside idli-mix under the relevant tariff heading by notification amendment.
Amendment substitutes the word "idli-mix" in an earlier Central Excise notification with the words "papad, idli-mix", thereby expressly extending the specified miscellaneous exemption to include papad alongside idli-mix under the relevant tariff heading.

Exemption for bulk-packed tea: duty waived where repacked tea is manufactured from previously duty-paid tea.
Tea packed in containers exceeding twenty kilograms is exempt from the excise duty specified in the Tariff Schedule when it is manufactured from tea on which the appropriate excise duty has already been paid; the exemption is conferred under sub-rule (1) of rule 8 of the Central Excise Rules and applies where the product falls within the relevant tariff sub-heading.

Excise duty exemption for beaters meeting IS specification removes whole central excise levy on specified tariff heading.
Beaters conforming to Indian Standard Specification IS:273-1983 and classifiable under the relevant Central Excise Tariff heading are exempt from the whole excise duty leviable thereon, the relief being granted under rule 8(1) of the Central Excise Rules, 1944 by a specific notification and conditional on compliance with the referenced Indian Standard.