Exemption for hand-made carpets removes central excise duty on specified carpets under rule eight authority.
The Central Government exempts hand-made carpets within Chapter 57 of the Central Excise Tariff from the whole of the excise duty leviable on them, under sub rule (1) of rule 8 of the Central Excise Rules, 1944, and supersedes the earlier notification 167/83; the effect is a complete waiver of central excise liability for the specified goods as set out in the Tariff Schedule.

Approval conversion under section 35(1)(ii): perpetual approval converted to time-bound approval with specified expiry notification.
The perpetual approval previously granted to Indian Drug Association, Poona under the Income tax Act for purposes of section 35(1)(ii) is converted by Notification No. S.O.4101 dated 12 9 1986 into a time bound approval valid up to 31 3 1987, thereby limiting the temporal scope of the institution's prior indefinite approval.

Tax approval conversion: perpetual approval under section 35(1)(ii) converted to limited approval affecting institution status.
Perpetual approval granted to the Indian College of Allergy and Applied Immunology, New Delhi, under section 35(1)(ii) of the Income-tax Act, 1961, has been converted to a limited approval valid up to 30-6-1986 by notification dated 12-9-1986, superseding the earlier perpetual approval issued in 1973.

Time-bound approval converted from perpetual status for an approved institution, limiting its Income-tax Act approval duration.
Approval under section 35(1)(ii) for "The Santal Paharia Sewa Mandal Baidyanath--Deoghar, Bihar" is converted from perpetual status into a time-bound approval by Notification S.O.4098 dated 12-9-1986, limiting the institution's approved status and related tax benefits to the notification's terminal date.

Approval under section 35(1)(ii) requires separate research accounts, annual returns and audited accounts submission by prescribed dates.
Approval of the Tuberculosis Research Centre, Shri K. J. Mehta T.B. Hospital, Amargarh as an Association under section 35(1)(ii) requires maintenance of a separate account for scientific research receipts; annual returns of research activities to the prescribed authority by 30 April; audited annual accounts and balance sheet to be submitted to the prescribed authority and the concerned Commissioner of Income-tax by 30 June; and an application for extension to the Central Board of Direct Taxes at least three months before expiry. The notification is effective from 14 May 1986 to 31 January 1988.

Customs exemption amendments: capacitor descriptions revised and certain notification entries removed, altering tariff exemption scope.
Amendments revise two customs exemption notifications by substituting the description at serial number 9 in Notification No. 232/83 to read "Capacitors (excluding paper capacitors, power capacitors and disc ceramic capacitors)" and by omitting serial number 20 and its entries from that Table; and by omitting serial number 2 and its related entries from the Table to Notification No. 67/85, thereby removing those items from the exemption schedules.

Name correction: Indian Copper Development Centre replaces Indian Copper Information Centre in finance notification, effective 4 March 1986.
Corrigendum substitutes Indian Copper Development Centre, Calcutta for Indian Copper Information Centre, Calcutta in Ministry of Finance (Department of Revenue) Notification No. 5940 (F. No. 203/85/84-ITA. II) dated 14 August 1986, with effect from 4 March 1986, under file reference 203/147/86-ITA-II.

Approval under Section 35(1)(ii) restricted: prior recognition for Tuberculosis Research Centre limited to a specified termination date.
Approval under Section 35(1)(ii) of the Income-tax Act granted to the Tuberculosis Research Centre, Amargadh is administratively restricted by notification, limiting the period of recognition under the earlier notification to a specified terminal date and thereby curtailing the temporal scope of the Centre's entitlement to benefits from that approval.

Approval restriction under section 35(1)(ii): research foundation's tax approval limited to a specified period.
Approval previously granted to Shri Ram Scientific and Industrial Research Foundation under the Income-tax Act research-approval provision is administratively restricted to a limited terminal period, with the notification narrowing the temporal scope of the earlier approval and thereby limiting the foundation's entitlement under that provision.

Approval under section 35(1)(ii) recognizes a research association subject to separate accounting, annual filings, and renewal conditions.
Approval is granted to Dr. Ramazini Research Institute of Occupational Health Services, Pune as an approved research association subject to maintaining separate research accounts, furnishing annual research returns by 30 April, submitting audited accounts and balance-sheet with copies to the tax commissioner by 30 June, and seeking renewal three months before expiry; the notification specifies the Institute's address and an operative approval period covering two consecutive financial years.

Approval under Section 35(1)(ii) granted; approved research association must maintain separate accounts and meet annual reporting and renewal conditions.
Approval is granted to the Process Engineering Design Development Institute, Calcutta, as an association for purposes of research-related income-tax deduction, subject to maintaining a separate account for research receipts, furnishing annual returns of scientific research activities by 30 April, submitting audited accounts and balance-sheet copies to the prescribed authority and Commissioner by 30 June, and applying for extension three months before the approval's expiry to avoid rejection.

Research approval under section 35(1)(ii) requires separate research accounts, annual returns and audited filings before extension.
Approval under section 35(1)(ii) is granted to the Alchemic Research Centre as an "Association" for tax recognition of scientific research expenditure from 1-4-1986 to 31-3-1988, subject to conditions: maintain separate research accounts; furnish annual research activity returns by 30 April; submit audited accounts, income and expenditure statements and balance-sheets to the prescribed authority and the Commissioner by 30 June; and apply to the Central Board of Direct Taxes three months before expiry for extension.

Research institution approval under section 35(1)(ii) requires annual returns, audited accounts and advance renewal application.
Bhaskaracharya Pratisthan, Pune is approved as an association for purposes of clause (ii) of sub section (1) of section 35 of the Income tax Act, read with rule 6, subject to maintaining a separate research account, filing annual research returns by 30 April, submitting audited accounts and balance sheet by 30 June with copies to the Commissioner, and applying for extension to the Central Board of Direct Taxes at least three months before approval expiry; effective 1 April 1986 to 31 March 1987.

Research institution approval under section 35(1)(ii) requires project-limited activities, separate research accounts, and annual compliance filings.
Approval of Batra Medical Research Centre, New Delhi as an approved institution under the tax provision for research expenditure is granted subject to conditions: maintenance of separate accounts for research receipts and expenditure; restriction to listed research programmes with prior clearance required for others; annual returns of research activities by 30 April; audited accounts and balance-sheet submission by 30 June to the prescribed authority and Commissioner of Income-tax; and advance application for extension before expiry.

Research institution approval under section 35(1)(ii) requires separate accounts, annual reports, audited accounts and timely renewal.
The Spastics Society of India is approved as an Institution for research-related tax purposes on condition that it maintains a separate account for research receipts, files annual research activity returns to the prescribed authority by 30 April, submits audited annual accounts and balance-sheet to the prescribed authority and copies to the tax commissioner by 30 June, and seeks extension of the approval from the central tax authority three months before expiry; the approval runs from 1 July 1986 to 30 June 1987.

Research approval under section 35(1)(ii) requires separate research accounts, annual returns and audited account submissions.
Approval under the income-tax provision for research expenditure was granted to Gujarmal Modi Institute of Medical Sciences, New Delhi, as an association subject to conditions: maintain separate research accounts; file prescribed annual returns of scientific research activities; submit audited annual accounts, income and expenditure statement and balance-sheet to the prescribed authority and the commissioner by the annual deadline; seek timely advance application for extension of approval; and limit activities to specified research programmes while excluding capital medical care equipment from funding under the research provision, with ability to obtain case by case clearance for additional programmes.

Excise exemption for unlevied cinematograph film prints: retrospective non-requirement to pay duty for specified period
The Central Government directs that the whole of the excise duty and the special excise duty on master positives, exposed negatives, dupes and rush prints of exposed cinematograph films shall not be required to be paid where those duties were not levied in accordance with a generally prevalent practice, and applies only to film elements not cleared for public exhibition for the period during which the non-levy practice prevailed.

Free Trade Zone designation defines Madras Export Processing Zone boundaries and security enclosure requirements under central excise notification.
The amendment designates the Madras Export Processing Zone as a Free Trade Zone by substituting the explanatory clause in the central excise notification to provide a precise legal definition. The clause lists the zone's survey numbers, proximity to ports and airports, and prescribes perimeter security features including masonry brick walls, Y angle barbed wire fencing, directional boundary runs with measured lengths, and aggregated circumferences for different fence types as the operative boundary and enclosure criteria for the zone.

Excise exemption for excess sugar production allowed when output exceeds prior-year averages, subject to specified computation and exclusions.
Exemption is granted for sugar produced in a factory between 1 October and 30 November 1986 that exceeds the factory's average production for the corresponding periods of 1984-85 and 1985-86, relieving such excess sugar of the whole excise duty specified in the tariff. Production must be computed from Form R.G.1 or Collector specified records; sugar from refining gur, khandsari, or beet-root is excluded; reprocessed prior in process stock is included; reprocessed defective or brown sugar already counted is excluded. The exemption applies to home-consumption clearances equivalent to the excess; special rules address nil-production years.

Tariff classification amendment revises exemption table entries under customs notifications to alter applicable subheadings in the Customs Act framework.
Amendment directs substitution of tariff subheading references in the exemption tables of specified customs notifications: Notification No. 341-Customs has the column entry at S. No. 118 amended to add an alternative subheading; Notification No. 83-Customs has the entry at S. No. 9 replaced by two specified subheading entries, thereby altering the listed tariff classifications in the exemption schedule.