Section 35AC deduction eligibility: specified institutions' approved projects qualify for tax deduction within prescribed cost limits and periods.
The Central Government approves specified institutions and their named projects as eligible for deduction under section 35AC, sets estimated project costs and prescribes the maximum portion of such costs allowable as deduction. The notification lists projects across health, education, vocational training, rural development and child welfare, and imposes service delivery conditions for certain projects. It also fixes temporal applicability by prescribing assessment year periods for listed serial numbers and records subsequent substitutional amendments to names and cost ceilings.

Tax-exempt recognition confirms a teachers' welfare foundation's notified status for specified assessment years under income-tax rules.
The Central Government notifies The National Foundation for Teachers' Welfare, New Delhi, as recognised under sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961, for the purpose of income-tax assessments for the assessment years 1985-86 to 1989-90, confirming its tax-exempt recognition for that period.

Tax exemption notification amended to recognise rural road construction near Pune as the qualifying charitable project for donations.
The Central Government amended a tax-exemption notification to substitute the listed charitable activity for Krishnumurti Foundation India with construction of a rural road near Pune serving the Bhim Chas Kaman Lake residential school, thereby specifying the operative project that qualifies under the notification for tax-deduction purposes.

Section 35AC approval extends Ujjain Charitable Trust Hospital eligibility to carry out approved projects under amended notification.
Approval under Section 35AC designates Ujjain Charitable Trust Hospital and Research Centre as an approved institution to carry out specified eligible projects and schemes at the estimated costs shown in the corresponding table, and the notification amends the earlier notification by substituting a paragraph that allocates differing periods of assessment-year coverage to various listed projects, thereby fixing the temporal scope of approval for those projects.

Excise duty exemption on specified pharmaceutical goods reduces effective levy rates for listed formulations and medicaments under defined conditions.
Notification exempts specified Chapter 30 pharmaceutical goods from excise duty in excess of amounts calculated at lower effective rates set in the Table, granting nil duty for listed formulations based on bulk drugs and certain named drugs, reduced ad valorem rates for other medicaments and specified surgical products, subject to conditions such as packaging limits, and defines bulk drugs, formulations and brand name for determining scope and eligibility.

Land customs station designation: Champai authorized for land clearance of imports and exports with exclusive route to Myanmar.
Designation under section 7 of the Customs Act, 1962 appoints Champai, Mizoram, as a land customs station for clearance of goods imported from or exported to Myanmar (including any class of goods), and prescribes the road from Champai to Malbek Tiau as the sole route by which such goods may pass by land to or from Myanmar.

Approval under section 36(1)(viii) granted to a housing finance company, subject to compliance with that provision.
Central Government approves Messrs. Can Fin Homes Limited as a company under section 36(1)(viii) of the Income-tax Act for assessment years 1994-95 to 1996-97, and conditions the approval on the company's conformity with and compliance to the provisions of section 36(1)(viii) of the Income-tax Act.

Excise exemption for specified rubber products grants nil duty where input credit was not availed and for in factory use.
The amendment adds nil-duty entries for specified rubber goods: unvulcanised plates, sheets and strips exempt if no input duty credit under rules 56A/57A was availed; compounded rubber exempt when used in the producing factory to make Chapter 40 goods; and non-cellular rubber sheets and strips exempt when used to manufacture footwear soles, with exclusions for goods used in tyre resoling, retreading or repair.

S.S.I. Exemption amended to substitute specified tariff headings, altering eligible items effective from April.
Amendment to S.S.I. exemption notification substitutes an updated list of tariff headings in the Annexure to Notification No. 1/93-C.E., replacing the figures against Serial Number (2) with a revised series of tariff items and thereby redefining which goods qualify for the small-scale industrial exemption; the substitution is made operative from the stated April implementation date.

Excise exemption for specified footwear removes excise duty where value and product conditions are met.
Exemption from the whole excise duty is granted for specified footwear within Chapter 64, subject to conditions in the notification: a value cap per pair and a separate exemption entry for non leather "hawai chappals" and parts, with "chappal" defined as a sole without upper attached by thongs over the instep but not round the ankle.

Exchange rate determination sets statutory conversion rates for export goods under the Customs Act, governing currency conversion into Indian rupees.
Determines exchange rates for conversion of specified foreign currencies into Indian rupees and vice versa for export goods under the Customs Act, 1962, effective from 1st April, 1994, superseding the earlier notification. Rates are set out in two schedules: Schedule I (rupees per one unit) and Schedule II (rupees per 100 units), listing the covered currencies and corresponding conversion rates to be applied for customs purposes.

Exchange rate schedule set for calculating stamp duty and customs valuation for imported goods under notification.
Prescribes an exchange rate schedule of specified foreign currencies to be used for calculating stamp duty under the Indian Stamp Act and to determine values for purposes of the Customs Act in relation to imported goods, superseding the prior notification and listing rupee equivalents in two schedules for statutory use in import and stamp duty calculations.

Mutual Fund specification: Taurus Mutual Fund designated under section 10(23D) for tax-exemption recognition under Income-tax law.
The Central Government, under clause (23D) of section 10 of the Income-tax Act, specifies Taurus Mutual Fund as a Mutual Fund, noting that it is authorised by the securities regulator and registered under the mutual fund regulations made under securities legislation, thereby recognising it for the purposes of that tax provision.

Licence duration and renewal: fixed term with renewal conditioned on performance, timely clearance, and compliance.
The amendment fixes a licence under the Customs House Agents Licensing Regulations at a five-year validity and allows the Collector of Customs to renew it for further five-year periods upon timely application. Renewal is subject to a satisfactory performance assessment focusing on cargo quantity or value conforming to Collector-prescribed norms, absence of delays in clearance or duty payment attributable to the licencee, and absence of misconduct or non-compliance with obligations in regulation 14.

Exemption for processed cotton and cellulosic spun yarn where produced from yarn on which excise duty has already been paid.
Addition to the notification: cotton yarn and cellulosic spun yarn subjected to beaming, warping, wrapping, winding or reeling, with or without power, shall qualify where produced out of cotton yarn or cellulosic spun yarn on which the appropriate excise duty has already been paid.

Export oriented STP scheme permits duty free imports and bonded area status while imposing a defined export obligation.
The Software Technology Park scheme designates STP units as 100 percent export oriented entities eligible for duty free imports, bonded area treatment under the Customs Act, and a defined export obligation calculated from hardware CIF value and annual wage bill; administration is by the Department of Electronics through STP directors and an Inter Ministerial Standing Committee, with specified allowances for DTA sales, domestic supplies counting toward export obligations, tax holiday and foreign equity permissions.

Customs exemption amendments update relief for replacement of worn membranes in membrane-cell plants and remove a specified exemption entry.
Amendment under section 25(1) of the Customs Act directs substitution in the Table to Notification No. 57/94-Cus. to permit replacement of worn out membranes in an industrial plant based on membrane cell technology, and directs omission of a specified serial number and its entries from the Table to Notification No. 93/94-Cus., effectuating the changes by substitution and omission in the annexed Tables.

Mutual Fund recognition under section 10(23D) confirms a specified fund's qualification for statutory tax-related recognition.
The Central Government has designated Kothari Pioneer Mutual Fund as a Mutual Fund for the purposes of clause (23D) of section 10, conferring statutory recognition of the fund's qualification under that provision by means of a formal notification.

Tax exemption recognition under Section 10(23C)(iv) designates Research Information System as eligible for notified exemption.
Notification records the Central Government's exercise of power under Section 10(23C)(iv) of the Income-tax Act to designate Research Information System for the Non-Aligned and Other Developing Countries (RIS), New Delhi, as an institution covered by that sub-clause for a specified assessment year, identifying RIS as meeting the criteria for recognition and citing the administrative notification reference.

Tax exemption for notified institution subject to exclusive application of income and permitted investment modes.
Notification grants tax-exempt status to Sri Devarajaswamy Devasthanam for the specified assessment years under section 10(23C)(v), conditioned on exclusive application of income to the institution's objects or lawful accumulation, investment or deposit of funds only in modes permitted by law (excluding certain tangible voluntary contributions), and exclusion of business income from the notification unless the business is incidental to the objectives and is evidenced by separate books of account.