Extension of notification deadline for central excise exemption, substituting the prior terminal date to extend the exemption period.
Exercising powers under sub-rule (1) of rule 8 of the Central Excise Rules, 1944, the Central Government amends Notification No. 463/86-Central Excises by substituting in paragraph 2 the previously specified terminal date with a later terminal date, thereby extending the period during which the miscellaneous exemption in that notification remains operative.

Exemption to gases: excise duty waived where qualifying gases are vented to atmosphere via flare or similar system.
The Central Government exempts gases falling under the Tariff Schedule from the whole of the duty of excise leviable thereon under rule 8(1) of the Central Excise Rules, 1944, provided that the said gases are allowed to escape into the atmosphere by flare system or otherwise.

Double taxation agreement corrigendum corrects textual errors in notification implementing the India Germany income tax treaty.
Corrigendum to the notification publishing the Agreement for the Avoidance of Double Taxation between India and Germany correcting typographical, punctuation and formatting errors in the Gazette notification; it lists precise line by line substitutions across specified pages and columns to ensure the official text accurately reflects the treaty wording and presentation.

Approval under section 35(1)(ii): research association subject to separate research accounts, annual returns and audited filings.
Approval of Bakul Finechem Research Centre as an Association under section 35(1)(ii) is effective 1-4-1987 to 31-3-1989. Conditions: maintain separate accounts for research receipts; file annual returns of scientific research activities by 31 May; submit audited annual accounts, income and expenditure statement and balance-sheet to the prescribed authority by 30 June with copies to the Central Board of Direct Taxes and the concerned Commissioner; apply to the Central Board three months before expiry for extension.

Approved institution status under section 35(1)(ii) requires separate research accounts, annual returns and audited accounts filing.
Approval of the Centre for Earth Science Studies, Trivandrum, as an approved institution under clause (ii) of sub section (1) of section 35 is notified subject to conditions: maintaining separate accounts for research receipts; furnishing annual returns of scientific research activities by 31 May; submitting audited annual accounts, income and expenditure statement, and balance sheet to the prescribed authority, the Central Board of Direct Taxes and the concerned Commissioner by 30 June; and applying for renewal at least three months before approval expiry.

Amendment to customs exemption notifications substitutes Deputy Secretary for Joint Secretary and removes higher-rank reference.
Central Government, under section 25(1) of the Customs Act, 1962, amends Notifications 502/86-Cus. and 503/86-Cus. by omitting the reference to a higher-ranking officer in condition (i) of the first notification and substituting the designation "Deputy Secretary" for "Joint Secretary" in the Explanations to both notifications, thereby lowering the prescribed administrative rank specified in those provisions.

Extension of exemption notification expiry under Customs Act by substituting the original expiry with a later date.
Amendment substitutes the textual reference to the expiry date in paragraph 2 of Notification No. 474/86 Customs, effecting a temporal extension of the exemption by replacing the earlier specified date with a later one under the statutory power exercised by the central government.

Customs notification amendment expands exempted hydrocarbons list by adding Hexene and mixed Octenes to exemptions.
Amendment replaces the existing item descriptions in paragraph 1 and its proviso of the customs exemption notification to expand the listed hydrocarbons: "Di-iso-butylene, Heptene and Nonene" is substituted with "Di-iso-butylene, Heptene, Nonene, Hexene and mixed Octenes," and the proviso is correspondingly updated to include "Hexene or mixed Octenes."

Section 10(23C)(iv) notification extends tax-exempt recognition to Railway Women's Central Organisation for specified assessment years.
The Central Government, under clause (iv) of sub section (23C) of section 10 of the Income tax Act, 1961, by Notification No. S.O.2968 dated 26-6-1987, notifies Railway Women's Central Organisation for the purposes of section 10(23C)(iv) for the assessment years 1985-86 to 1988-89.

Section 10(23C)(iv) notification recognising a charitable society for tax-exempt status for specified assessment years.
Notification under clause (iv) of sub section (23C) of section 10 designates the Delhi Society for the Welfare of Mentally Retarded Children as a notified charitable institution and specifies the assessment years covered by that notification.

Research institution approval requires separate research accounts, annual returns, audited accounts and timely renewal application.
Approval is granted to Vision Research Foundation, Madras, as an approved institution under the Income-tax framework for research associations for 1 April 1987 to 31 March 1988, subject to conditions: maintain a separate research account; furnish annual research returns by 31 May; submit audited annual accounts and balance sheet by 30 June to the prescribed authority, the Central Board of Direct Taxes and the Commissioner of Income-tax; and apply for extension at least three months before expiry or risk rejection.

Tax exemption notification under section 10(23C)(v) designates Catholic Mission of Western Bengal as notified for the assessment year.
The Central Government, exercising powers under the exemption clause of section 10, issued Notification No. S.O.2179 dated 26-6-1987 notifying the Catholic Mission of Western Bengal for the purpose of that clause for the assessment year 1987-88.

Charitable notification under section 10(23C)(v) recognizes Dakshineswar Ramkrishna Sangha for specified assessment years, conferring tax exemption by Central Government.
The Central Government, exercising powers under clause (v) of sub section (23C) of section 10 of the Income tax Act, 1961, notifies Dakshineswar Ramkrishna Sangha, Dakshineswar, Calcutta, as qualifying under that clause for the stated assessment years, thereby recognizing the institution for the statutory charitable/exempt category.

Rates of exchange prescribed for conversion between specified foreign currencies and Indian currency, governing stamp duty and customs.
The Central Government prescribes rates of exchange for specified foreign currencies to be used in calculating stamp duty and for customs purposes, effective 1 July 1987, superseding the earlier notification; a Schedule lists each foreign currency with the rate equivalent to Rs.100 for conversion into Indian currency or vice versa.

Extension of exemption period for a customs notification to support domestic automobile industry and ensure regulatory continuity.
Amendment substitutes the expiry date in paragraph 2 of Notification No. 522/86-Customs, replacing "30th day of June, 1987" with "30th day of September, 1987" to extend the period during which the notification's customs exemption remains available, effected under the Central Government's statutory power to amend notifications in the public interest to support the domestic automobile industry.

Baggage allowance amendment increases exempt value and restricts frequency; adds electronic items and prevents concurrent transfer of residence claims.
Amendments raise the exempt baggage allowance under rule 4-A and limit its use to once every three years; they add video cameras (and related television, sound and video apparatus), computers and computer peripherals (excluding calculating machines), and word processing machines to the list of admissible duty free items. New rule 4-B allows ignoring short visits to India when computing the required period abroad provided such visits total no more than thirty days and the period abroad excluding them is at least one year. A new provision bars claiming rule 4-A benefits simultaneously with Transfer of Residence Rules benefits.

Customs exemption scope expanded to explicitly include computer systems and qualifying software under relevant tariff heading.
Amendments expand specified customs exemption notifications to include computer systems and qualifying software: Notifications 282 and 348 are amended by inserting "and computer systems" after "computers", and Notification 68 is amended to exempt "computers and computer systems", to insert that software of such computers and systems falling under heading 85.24 of the First Schedule is included, and to substitute wording so that "the computers, computer systems and software are" are covered.

Amendment to customs exemption phrasing excludes quartz crystals from component parts of electronic modules scope
The Central Government amends Notification No. 345/85-Customs by substituting the phrase "component parts of electronic modules" with "component parts (excluding quartz crystals) of electronic modules", thereby excluding quartz crystals from the scope of the exemption in that notification.

Specified debentures under wealth tax clause require transferee notice to issuer within sixty days to retain tax benefit.
The notification designates two categories of secured redeemable NTPC bonds as specified debentures for clause (xvie) of section 5(1) of the Wealth tax Act, making them eligible for the clause's tax treatment. It conditions availability of the benefit on the transferee's fulfilment of a notice requirement: following transfer by endorsement or delivery, the transferee must inform the issuing corporation by registered post within sixty days to retain the benefit.

Approval under section 35(1)(ii) requires separate research accounts, annual returns, audited accounts, and timely renewal applications.
Approval under section 35(1)(ii) grants the Karnataka Cancer Therapy and Research Institute approved research institution status, conditional on maintaining separate research accounts, filing prescribed annual returns of research activities by 31st May, and submitting audited annual accounts, income and expenditure statements, and a balance sheet to the prescribed authority, the Central Board of Direct Taxes, and the concerned Commissioner by 30th June each year; extensions require advance application.