Excise exemption for blankets and terry towels subject to prior duty payment on corresponding textile fabrics.
The amendment substitutes Sl. No. 5 to list blankets and terry towels (tariff 6301.00) with a Nil excise duty, conditioned on the appropriate excise duty leviable on corresponding textile fabrics having already been paid.

Tax deduction for donations: Temple recognised as public place of worship; donations limited to renovation under accounting conditions.
Notifies Sri Kamakala Kameswarar Devasthanam, Triplicane, Madras as a place of public worship of renown for purposes of section 80G, subject to conditions that the temple maintain separate books of account and that donations received be utilised exclusively for the renovation of the temple.

Tax exemption under section 10(23C)(iv) notified for Swami Ramananda Tirtha Memorial Committee for several assessment years.
Central Government, exercising powers under section 10(23C)(iv) of the Income-tax Act, 1961, notifies Swami Ramananda Tirtha Memorial Committee, Hyderabad, as eligible under that sub-clause for the assessment years 1984-85 to 1988-89; recorded as Notification No. S.O.186 dated 22-8-1988.

Packaging included within duty-free inputs; permitted capital goods withdrawal from export zones subject to conditions and duty on depreciation.
Notifications are amended to include packaging within the scope of duty-free inputs for goods intended solely for export, add a provision permitting the Assistant Collector of Central Excise to allow capital goods to be taken out of an Export Processing Zone to any place in India where the unit has been authorised by the Zone Board and the goods have been used in the Zone for not less than three years, subject to payment of duty on the depreciated value at the time of clearance, and impose responsibilities on customs officers to ensure utilisation or accounting of non-duty-paid goods.

Exemption from foreign exchange conservation travel tax for pilgrimage to Hayat Pitafi removes tax on foreign exchange releases.
The Central Government, exercising powers under the Finance Act, exempts the whole foreign exchange conservation (travel) tax on any release of foreign exchange for pilgrimage to Hayat Pitafi, Pakistan, declaring such releases relieved from the travel tax levied under Chapter V of the Act.

Specified bond exemption applies but transferee must notify the issuer by registered post within sixty days of transfer.
The Central Government designates "11.00% Exim Bank Bonds, 2003 (Fifth Series)" as specified bonds under the proviso to section 193, making them eligible for the proviso's withholding treatment, provided the transferee notifies the issuer by registered post within sixty days of any transfer effected by endorsement or delivery.

Warehousing station designation: Baska Village brought within Customs regulatory framework following statutory declaration.
The Central Board of Excise and Customs, invoking powers under section 9 of the Customs Act, 1962, declares Baska Village in Halol Taluka, Panchmahals District, Gujarat, to be a warehousing station by notification dated 18-8-1988, thereby bringing that territory within the regulatory framework for declared warehousing stations.

Customs notification amendment removes a specified entry from a prior notification, altering applicable tariff provisions.
Notification No. 55/88-Cus, issued under the Customs Act, amends Notification No. 51/85-Cus by directing that item No. (iv) and its accompanying entry in the earlier notification be omitted, thereby deleting that provision from the earlier notification.

Declaration of warehousing station: statutory power used to designate a village as a customs warehousing location.
The Central Board of Excise and Customs, exercising powers under section 9 of the Customs Act, 1962, declares Village Vasind in Taluka Shahpur, Thana District, Maharashtra to be a warehousing station for customs purposes, identifying the locality as authorized for customs-controlled warehousing under the statutory notification mechanism.

Export duty exemption for coffee caps payable customs charge at a set baseline per quintal, altering prior tariff treatment.
Exempts coffee exported from India from customs duty in excess of a specified baseline per quintal, by executive authority under the Customs Act, operating through the customs tariff classification for coffee and applying at the point of export; the notification supersedes an earlier notification and is framed as necessary in the public interest.

Excise exemption for steel wheel castings grants full duty relief where castings arise during manufacture for central government departmental use.
An exemption removes the whole excise duty on steel castings of wheels under Chapter 86 where the castings arise during manufacture of wheels in a Central Government factory and the wheels are intended for use by a Department of the Central Government; the exemption is conferred under section 5A(1) of the Central Excises and Salt Act on public interest grounds.

Excise exemption for liquid paraffin of I.P. grade where duty on source refrigeration oil has been previously paid.
The Central Government exempts liquid paraffin of I.P. grade under sub-heading 2710.99 from the whole of excise duty under the statutory power in section 5A(1), provided the paraffin is manufactured from refrigeration oil on which excise duty or the relevant additional duty has already been paid, thereby conditioning the exemption on prior payment of duty on the input oil.

Tariff exemption rate reduction: amendment lowers notified ad valorem exemption under Customs Act via executive notification.
The Central Government, exercising its statutory power to amend under the Customs Act and acting in the public interest, issued a notification dated 16 August 1988 that amends Notification No. 210/76-Customs by substituting the previously specified higher ad valorem exemption with a lower ad valorem exemption rate; the amendment replaces the earlier figures and words with the newly specified figures and words.

Exemption of international air transport income bars taxation by the other State for designated airlines under the bilateral tax treaty.
Income derived by an enterprise of a Contracting State from the operation of aircraft in international air traffic is exempt from tax in the other Contracting State, including income from participation in pools, joint airline businesses or international operating agencies, and interest on funds connected with such operations. The Agreement specifies covered taxes and designates competent authorities, while allowing application of domestic meanings for undefined terms and prescribing a mutual agreement procedure for resolving interpretive or application disputes.

Customs valuation adjustments reduce statutory percentage margins for determining transaction value of imported goods under valuation rules.
Amendment to the Customs Valuation rules reduces the percentage thresholds in the provisos to the valuation rule, altering the comparative adjustment margins applied when determining the transaction value of imported goods; the changes are effected by the Customs Valuation (Determination of Price of Imported Goods) Amendment Rules, 1988, and commence on 16th August 1988.

Rescission of customs notification under Customs Act withdraws a prior administrative notification as unnecessary.
The Central Government, invoking sub-section (1) of section 25 of the Customs Act, 1962, rescinds Notification No. 1/87-Customs dated 1 January 1987 as necessary in the public interest, by Notification No. 52/88-Cus. (N.T.), dated 10 August 1988, thereby withdrawing the earlier administrative notification issued by the Ministry of Finance (Department of Revenue).

Customs exemption: addition of a life-saving drug to the notified schedule, extending tariff relief for Ceftazidine injection.
Amendment to the Customs exemption schedule by Notification No. 236/88-Cus. inserts Ceftazidine injection as Item 187 under the heading Life saving drugs or medicines in the Schedule to Notification No. 208/81-Cus., effected under the statutory authority of the Customs Act to modify exemption notifications in the public interest.

Excise rate adjustment amends tariff entry, increasing the specified rate under a central excise notification amendment.
Amendment substitutes the figures and symbol shown in column (4) against S. No. 9 of the Table annexed to Notification No. 180/88 Central Excises (dated 13 May 1988) with a new percentage, the change being made under the statutory power to amend notifications and justified in the public interest.

Effective duty rates for aluminium goods exempt excess excise beyond prescribed levels, with special per tonne duties and use-based reduction.
Notification fixes effective excise duty rates for specified aluminium goods by exempting duty in excess of the rates set in the annexed Table, including differentiated rates for unwrought metal, scrap, powders, sheets, foil, tubes, profiles, and wire categories, plus particular per tonne charges for some wire rod and wire where input credit conditions apply. It provides a reduced rate for strips used to manufacture exempt pipes when prescribed procedural requirements are met and defines "primary producer" for eligibility.

Customs notification validity extension: government amends a prior customs notification to extend its period of operation.
The Central Government, invoking statutory amendment power under the Customs Act and acting in the public interest, amends paragraph 2 of Notification No. 30/83-Customs by substituting the originally specified expiry date with a later expiry date, thereby extending the notification's validity.