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Notifications
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Computer numerical control systems and parts thereof - Amendment to Notification No. 47/95-Cus.
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Customs amendment broadens chapter applicability while specifying computer numerical control systems as those in chapters eighty-four and eighty-five.
The notification amends the annexed Table at S. No. 2 by substituting in column (2) the words "Any Chapter" in place of the previous chapter figures, and by replacing column (3)'s description with "computer numerical control systems falling in Chapter 84 or 85 of the said Schedule", thereby making column (2) generically applicable while tying the described systems to chapters 84 or 85.
Notifies Shree Jain Swetamber Nakoda Paraswanth Tirth, Mewanagar, Rajasthan u/s 10(23C)(v)
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Tax exemption under section 10(23C)(v) granted subject to exclusive application of income and investment restrictions.
Shree Jain Swetamber Nakoda Paraswanth Tirth is notified for tax-exempt status under the charitable provision for assessment years 1993-94 to 1995-96, subject to conditions: income must be applied or accumulated wholly and exclusively for the objects of the assessee; investments or deposits of funds during the relevant previous years must be only in the forms or modes permitted by statute (excluding certain tangible voluntary contributions); and the notification does not apply to business income unless the business is incidental and separate books are maintained.
Notifies Chief Khalsa Diwan, Amritsar u/s 10(23C)(v)
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Charitable exemption under section 10(23C)(v) granted subject to income application, investment limits and business incidence conditions for specified years.
Notification confers status under 10(23C)(v) for assessment years 1994 95 to 1996 97 subject to conditions: income must be applied or accumulated wholly and exclusively for the institution's objects; investments or deposits are restricted to forms permitted by section 11(5) (excluding certain voluntary contributions held as jewellery or furniture); and the notification excludes business income unless incidental to objectives and maintained in separate books of account.
Exchange rates for export goods
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Exchange rate determination for export goods sets official currency conversion rates for customs valuation and export procedures.
The Central Government determines official rates of exchange for conversion between specified foreign currencies and Indian rupees for export goods, superseding a prior notification, and fixing rates effective from 1 April 1995. Schedule I provides rupee equivalents per one unit of listed currencies and Schedule II provides rupee equivalents per one hundred units for certain currencies; those rates are the authoritative conversion factors for export-related customs purposes.
Exchange rates for imported goods
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Exchange rate determination prescribes conversion rates for specified foreign currencies for customs and stamp duty purposes.
Prescribes conversion rates for specified foreign currencies for calculating stamp duty under the Indian Stamp Act, 1899 and determining values for imported goods under the Customs Act, 1962; fixes the rate of exchange for each currency listed in Schedules I and II for conversion into Indian rupees and vice versa, to take effect from 1 April 1995 and superseding the earlier notification.
Section 4A(2) of the Companies Act, 1956 - Public financial institutions - Notified public financial institutions
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Notified public financial institutions designation expands to include multiple state financial corporations, updating the official notification list.
Central Government specifies additional State Financial Corporations and one industrial development corporation as financial institutions and amends the existing notification by adding entries 17-34 to the prior list, thereby formally including those named State Financial Corporations and Tamilnadu Industrial Development Corporation Limited among the notified public financial institutions under the Companies Act.
Land Customs Stations - Sub-exchange office at Agra
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Land customs stations expanded to include sub-exchange office at Agra under customs notification, updating designated customs locations.
The Central Government, under the powers granted by clauses (b) and (c) of section 7 of the Customs Act, 1962, amends the prior customs notification by inserting, in the annexed Table against the relevant serial number and after item (4), a new item: "(5) Sub-exchange Office at Agra," thereby adding that office to the list of designated land customs stations.
Securities Contracts (Regulation) (Second Amendment) Rules, 1995
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Public offer requirement relaxation allowed for statutory corporations after Central Government approval and stock exchange consent.
A recognised stock exchange may relax the requirement that at least twenty five per cent of each class or kind of securities be offered to the public for a body corporate constituted by an Act of Parliament or State Legislature, provided it obtains the previous approval of the Central Government and complies with such instructions as the Government may issue from time to time.
Customs Tariff (Amendment) Act, 1995
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Countervailing and anti-dumping duties may be imposed provisionally, reviewed and appealed within 90 days to prevent injurious imports.
Central Government may impose countervailing duties on imports benefitting from foreign subsidies and anti-dumping duties on imports sold below normal value, each up to the measured subsidy or margin of dumping. Duties may be applied provisionally pending inquiry, reduced and refunded if later found excessive, and levied retrospectively up to ninety days where massive injurious imports occur. Duties are additional to other duties, generally cease after five years subject to extension, cannot both be applied for the same situation, may be avoided by satisfactory voluntary undertakings, and determinations are appealable to the Appellate Tribunal within ninety days.
SSI Exemption - Amendment to Notification No. 1/93-C.E. relating to yarns and fabrics etc.
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SSI exemption amendment updates tariff classifications for yarns, fabrics and related textile materials, altering Annexure coverage.
Amendment to the Annexure of Notification No. 1/93-C.E. substitutes specified tariff item figures in Serial Number (2) and replaces the Serial Number (3) description with an expanded list of covered goods, including rubber solution or vulcanizing solution; cotton yarn not containing synthetic staple fibres; rubberised textile fabrics (other than tyre cord fabrics); animal and horse hair yarns; waste of synthetic filaments; metallised yarns and narrow woven and coated or laminated textile fabrics.
Notifies Shree Somnath Trust, Gujarat u/s 10(23C)(v)
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Notification under section 10(23C)(v): trust status granted to Shree Somnath Trust for the specified assessment year.
The Central Government, by Notification No. S.O.1147 dated 23-3-1995, notifies Shree Somnath Trust, Gujarat, under sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961, for the purposes of that sub-clause for the assessment year 1989-90.
Goods of headings 47.01 to 47.05 - Duty reduced to 25%
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Customs duty reduction for specified textile goods via substitution of tariff entry under statutory powers.
The Central Government, exercising its statutory power under the Customs Act, amends Notification No. 69/95 Customs by substituting the entry in the annexed Table against S. No. 57, column (4), thereby reducing the ad valorem customs duty applicable to goods of tariff headings 47.01 to 47.05 as a Miscellaneous Exemption Notification made in public interest.
Notifies Association of State Road Transport Undertakings (ASRTU), New Delhi u/s 10(23C)(v)
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Tax exemption notification under section 10(23C)(v) recognizes Association of State Road Transport Undertakings for an assessment year.
The Central Government, exercising powers under 10(23C)(v) of section 10 of the Income-tax Act, 1961, notifies Association of State Road Transport Undertakings (ASRTU), New Delhi, as recognised for the exemption benefits of that sub-clause for the applicable assessment year, by way of S.O.995 issued in exercise of the statutory power to notify entities within the sub-clause.
Notifies the Indian Institute of Industrial Engineering, Bombay u/s 10(23A)
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Tax exemption notification conditions institutional recognition by requiring restricted application of income, permitted investments, and separate business accounts.
Notification recognizes the Indian Institute of Industrial Engineering, Bombay under section 10(23A) subject to conditions: income must be applied or accumulated solely for its objects in accordance with the law; investments or deposits of funds are limited to permitted forms; income must not be distributed to members except as grants to affiliated bodies; and exemption does not cover business income unless incidental to objectives with separate books maintained.
Notifies Jiv Prakash Vidyapeeth, New Delhi u/s 10(23C)(v)
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Tax exemption notification under section 10(23C)(v) conditions income application, permitted investments and incidental business treatment.
Notification under section 10(23C)(v) notifies Jiv Prakash Vidyapeeth for specified assessment years subject to conditions: income must be applied or accumulated wholly and exclusively for its objects; funds (except voluntary contributions in kind) must be invested only in modes permitted by the Income-tax provisions for charitable trusts; and business profits are excluded unless incidental to its objectives and accounted for in separate books.
Delegation by Central Government of its powers and functions under Act - Amendment in GSR No. 288(E), dated 31-5-1991
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Delegation of government powers amended by textual deletion in a prior company-law notification, narrowing the earlier reference.
Acting under section 637 of the Companies Act, 1956, the Department of Company Affairs amends GSR No. 288(E) dated 31 May 1991 by omitting the words and figures "sub-section (1) of section 31" from that notification, thereby making a narrow textual deletion to the earlier delegation notice.
Certain words substituted in rule 4A and rules 6 and 6A substituted in the Companies (Central Government's) General Rules and Forms, 1956
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Charge registration: amended filing, verification, signature and stamping requirements for charges and modifications under companies rules.
The amendment substitutes timelines in rule 4A and replaces rules 6 and 6A to prescribe that particulars and copies of instruments creating, modifying or satisfying charges be filed in triplicate in Form 8, Form 10 or Form 17; instruments must be verified by specified certificates depending on situs; Form 13 accompanies filings with a fee; forms must be signed by company and charge holder; the Registrar will stamp documents 'Registered' and provide copies; the statutory register is open for inspection on payment of a fee.
Delegation by Central Government of its powers and functions under Act - Amendments in GSR No. 627, dated 15-5-1978
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Delegation of powers under companies law: central government amends prior notification to raise the prescribed monetary threshold.
Delegation of Powers under the Companies Act is amended by substituting higher prescribed monetary limits in an earlier government notification. The Central Government revises the figures appearing in column (2) of the Table in the earlier notification, replacing the previously prescribed lower monetary amount with a higher amount for the entries corresponding to numbers 1 and 2, thereby altering the prescribed threshold applicable to those items.
Delegation by Central Government of its powers and functions under Act - Amendments in GSR No. 507(E), dated 24-6-1985
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Delegation of Central Government powers expanded under Companies Act by adding delegated provisions through notification amending the schedule.
The Central Government amended an earlier departmental notification to expand the list of provisions delegated to the Department of Company Affairs by inserting additional subsection and section references into the prior notification's delegation schedule; the textual insertions appear immediately below specified entries and operate under the Central Government's delegation power under the Companies Act.
Effective rate of standard/preferential duty for specified goods of various Chapters - Amendment to Notification No. 69/95-Cus.
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Customs notification amendment narrows an exemption by excluding previously listed items and specified tariff subheadings.
Amendment substitutes the entry at serial number seventy-one to cover all goods except those specified at serial numbers one to seventy and except goods falling under specified tariff subheadings, thereby narrowing the residual exemption category by textual replacement within the annexed table of the earlier notification.

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