Warehousing station designation: Loni Railway Station declared a customs warehousing station under the Customs Act powers.
Loni Railway Station in District Ghaziabad, Uttar Pradesh, is declared a warehousing station by the Central Board of Excise and Customs under the powers conferred by the Customs Act, by Notification No. 73/89-Cus. (N.T.) dated 20-12-1989, thereby designating the station as a customs warehousing facility for the purposes of the Act.

Exchange Rate Determination: Russian Rouble conversion rate fixed for customs under Section 14, effective from late December.
The Central Government, under Section 14 of the Customs Act, 1962, determines the official rate of exchange for conversion of one Russian Rouble into Indian currency for customs purposes and supersedes the prior notification; the notification fixes the rupee equivalent of one Russian Rouble as the applicable customs exchange rate and makes that rate effective from the specified date.

Customs valuation defaults set presumptive cost percentages for imports, including capped freight cost for air shipments.
The amendment to rule 9(2) prescribes fixed presumptive percentages when specified cost components are not ascertainable: twenty percent of the free on board value for clause (a) costs; one percent for clause (b) charges; and 1.125 percent for clause (c) costs. It further caps the ascertainable clause (a) cost for goods imported by air at twenty percent of the free on board value.

Rules of origin determine eligibility for GSTP preferential concessions, requiring origin certification and direct consignment.
These Rules set origin criteria for GSTP preferential concessions: goods qualify if wholly produced in the exporting participant or if non originating content and processing satisfy specified value content and local processing requirements. Importers must claim preference and present evidence; the Assistant Collector must be satisfied. The Schedule prescribes treatment of wholly produced goods, valuation of non originating inputs, cumulative origin, direct consignment conditions, packing treatment, and certification by a designated authority via a Certificate of Origin.

Appointment of Commissioner of Customs (Appeals): Director of Statistics and Intelligence assigned appellate jurisdiction for North Zone.
Designation of the Director, Directorate of Statistics and Intelligence, Customs and Central Excise, New Delhi, as Commissioner of Customs (Appeals) with appellate jurisdiction over North Zone collectorates, effected by government notification under the statutory power conferred by Section 4 of the Customs Act.

Ministerial reference change in excise exemption: Agriculture ministry name replaced with Food Processing Industries in the notification.
The amendment, made under sub-section (1) of Section 5A of the Central Excises and Salt Act, 1944, substitutes the words "Ministry of Agriculture" with "Ministry of Food Processing Industries" in the proviso to Notification No. 187/72-Central Excises, effecting a ministerial reference change in the existing exemption notification.

Specified secured non-convertible bonds: transferee must notify issuer by registered post within sixty days to claim transfer benefit.
Central Government specifies the 10-year 13 per cent. (taxable) Secured Non-convertible Bonds issued by Hindustan Zinc Limited for the purposes of the proviso to section 193 of the Income-tax Act. The transfer benefit under that proviso is admissible only if the transferee informs Hindustan Zinc Limited by registered post within sixty days of the transfer.

Specified secured non-convertible bonds: tax benefit available only if transferee promptly notifies issuer after transfer.
Central Government specifies 10-year 13 per cent. (taxable) Secured Non-Convertible Bonds issued by Hindustan Zinc Limited as eligible under section 80L(1)(ii); the tax benefit on transfer by endorsement or delivery is available only if the transferee notifies Hindustan Zinc Limited by registered post within sixty days of transfer.

Transfer of specified bonds requires transferee to notify issuer within prescribed period to secure wealth-tax benefit entitlement.
Central Government specifies 10-year 13 per cent. (taxable) Secured Redeemable Non-Convertible Bonds as specified bonds under the Wealth-tax Act, and makes admissibility of the benefit on transfer by endorsement or delivery conditional on the transferee informing the issuer by registered post within sixty days of such transfer.

Customs exemption for specified yarn: table duty entry replaced with 'Nil', amending the earlier notification under Customs Act.
The Central Government, invoking sub section (1) of Section 25 of the Customs Act, 1962, amends Notification No. 38/78 Customs by substituting the column (3) Table entry against Serial No. 6 with "Nil", thereby changing the tariff treatment for specified yarn falling within Chapters 54 and 55.

Rescission of exemption notification: central government withdraws a prior excise exemption under its statutory rescission power.
The Central Government, exercising its statutory rescission power under the Central Excises and Salt Act, 1944, hereby rescinds Government Notification No. 47/76 Central Excises dated 9 March 1976; Notification No. 195/89 C.E., dated 12 December 1989, withdraws the earlier miscellaneous excise exemption as necessary in the public interest.

Tax exemption notification under section 10(23C)(v) notifies a charitable trust as exempt for specified assessment years.
Notification declares that Sri 108 Prannathji Mandir Trust is granted statutory recognition for income-tax exemption under section 10(23C)(v), specifying the trust's name, location and the assessment years covered, thereby fixing the temporal scope of the exemption and recording the Central Government's exercise of power to notify qualifying charitable or religious institutions for the purpose of applying that sub-clause.

Notification under section 10(23C)(v): Baba Kali Kamliwala Panchayat Kshetra notified for assessment year 1989-90 by Central Government.
The Central Government issued S.O. 345 dated 11-12-1989 notifying "Baba Kali Kamliwala Panchayat Kshetra" under sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961 for the assessment year 1989-90, thereby designating the entity for the purpose of that provision by statutory notification.

Section 10(23C)(iv) recognition: notification designates an educational charity as eligible for tax exemption for the assessment year.
The Central Government, under the provision of section 10 relating to charitable educational institutions, notifies The Music Academy, Madras as recognised for tax-exempt status under the relevant sub-clause for the specified assessment year, recording the administrative recognition and reference details.

Income tax exemption under section 10(23C)(iv) notified for Sri Krishnagopal Ayurved Bhavan for assessment year 1989 90.
Central Government notifies Sri Krishnagopal Ayurved Bhavan (Dharmarth Aushdhlaya), Kalera, Ajmer under sub clause (iv) of clause (23C) of section 10 of the Income tax Act, 1961, designating the institution for the income tax exemption purpose for the assessment year 1989-90 (S.O.1227 dated 11 12 1989; No. 8530/F. No. 197/129/89 IT(A1)).

Tax exemption under section 10(23C)(iv) notified for The Tribune Trust, granting recognition for specified assessment years.
The Central Government, by Notification No. S.O.1226 dated 8 12 1989, notifies The Tribune Trust, Chandigarh under section 10(23C)(iv) of the Income tax Act, recognising the Trust for the assessment years 1984 85 to 1989 90.

Tax exemption for foreign companies' fees for technical services: income from Seabird project excluded from taxable income.
Central Government declares under section 10(6C) that fees for technical services received by REDECON, Australia Pty. Ltd. and NEDECO, Netherlands pursuant to the agreement dated 9 February 1989 for the Seabird project shall not be taken into consideration for computing the total income of those companies under the Income-tax Act, 1961.

Exchange rate notification establishes new Italian lire conversion rate under Stamp and Customs Acts, effective from specified date.
Fixes the exchange rate for the Italian lire by substituting a Schedule entry in an earlier customs notification under the Stamp Act and Customs Act, prescribing a specific conversion rate to be applied in customs and stamp transactions and stating the date from which that rate is to be effective.

Appointment of Appropriate Authority: Shri G.R. Reddy designated Commissioner of Income-tax under amended notification effective now.
The Central Government, exercising powers under the Income-tax Act, amends Notification No. S.O. 392(E) by substituting in column 2 of the Table, for item (i) against Serial No. 1 (Appropriate Authority, Bangalore), the entry: "Shri G.R. Reddy, Commissioner of Income-tax."

Appointments under section 269UB amended; replacement commissioners named for designated Appropriate Authority posts in specified regions.
The Central Government, under section 269UB, amends Notification No. S.O. 684(E) by substituting the Table entries for Appropriate Authority: Delhi entries replaced by Shri N. Sahu and Smt. K. Shukla, Commissioners of Income-tax; Bombay entries replaced by Shri J.B. Badve and Shri N.K. Nayak, Commissioners of Income-tax, by Notification No. 0983(E) dated 5-12-1989 (File No. 316/97/89-OT).