Excise exemption for specified inputs when used in manufacturing cocoa or cereal preparations, subject to Chapter X procedures.
Exemption from excise duty is granted for malted barley malt extract, caramel, milk crumb and cocoa butter within specified Tariff chapters when used in manufacturing cocoa and cocoa preparations or preparations of cereals, flour, starch or milk; where such use occurs outside the factory of production, compliance with Chapter X procedural requirements of the Central Excise Rules is required.

Excise duty rates for motor vehicles: ambulances taxed ad valorem and auto rickshaws subject to specific duty with credit condition.
The amendment adds tariff entries imposing a fifteen per cent ad valorem excise duty on ambulances and a specific duty on three wheeled auto rickshaws, with the specific duty subject to reduction where input duty credit for the chassis or other inputs has been claimed under the Central Excise Rules; it also amends the notification proviso to reference the newly inserted rickshaw entry.

Central Excise amendment adds a packaged weight limit to size criteria for specified Chapter 84 goods in tariff table.
The Government, under sub rule (1) of rule 8 of the Central Excise Rules, 1944, amended Notification No. 155/86 by inserting in the Table against S. No. 7, column (3), item (i) the words "and weight with case not exceeding 7 kilograms" immediately after "25 centimetres", adding a packaged weight condition to the existing size-based specification for certain Chapter 84 goods.

Excise duty exemption: specified prepared food mixes relieved from whole excise duty for a limited period.
The Central Government, under sub rule (1) of rule 8 of the Central Excise Rules, 1944, exempts idli mix, dosa mix, jalebi mix and gulab jamun mix classified under the Central Excise Tariff from the whole of the excise duty specified in the Tariff schedule, the exemption being time limited by the notification.

Notification under 10(23C)(v) designates a temple as a notified charitable religious institution for tax classification.
Central Government notification designates Arulmigu Hirudayakamalanatha Swami Temple, Valivalam, as a notified religious/charitable institution under 10(23C)(v) of the Income-tax Act for specified assessment years, exercising executive power to identify the entity within the statutory category and specifying the temporal scope of the designation.

Rate of exchange adjustment: Japanese Yen entry updated under Customs notification to amend prior tariff schedule entries.
The Central Government, invoking sub-clause (i) of clause (a) of sub section (3) of Section 14 of the Customs Act, 1962, issues Notification No. 392/86-Cus dated 28 7 1986 to amend Notification No. 374-Cus by substituting serial No. 11 in the Schedule, restating the listed currency and its revised rate-of-exchange entry for customs tariff calculations.

Warehousing station designation permits a location to operate as a customs warehouse under the Customs Act framework.
Designation of a warehousing station authorizes a specified location to operate as a customs warehouse; the Central Board of Excise and Customs declares Khatima in District Nainital, Uttar Pradesh, as a warehousing station to bring that place within the regulatory framework for custody, storage and handling of goods under customs control.

Approval under section 35(1)(ii): research approval requires separate accounts, annual returns, audited accounts and timely renewal.
Approval under section 35(1)(ii) is granted to Span Research Centre, Udhna, Surat, as an "Association" subject to conditions: maintain separate accounts for research receipts; furnish annual returns of scientific research activities by 30 April; submit audited annual accounts, income and expenditure statements and balance sheet to the prescribed authority and the concerned Commissioner of Income-tax by 30 June; and apply to the Central Board of Direct Taxes three months before expiry for extension.

Appointment of customs officers: CEIB personnel designated to exercise customs powers nationwide under the Customs Act.
The Central Government appoints specified Central Economic Intelligence Bureau officers to hold customs ranks-Principal Commissioner/Commissioner, Joint Commissioner, and Assistant/Deputy Commissioner-and confers on them customs powers and nationwide jurisdiction under the Customs Act; the notification maps CEIB designations to corresponding customs ranks and records subsequent textual substitutions to those designations.

Research approval requires separate research accounts, annual returns, audited statements and advance renewal applications to retain tax recognition.
Approval of the Society for Research on Haematology and Blood Transfusion, Calcutta, as an approved institution for tax relief for scientific research is granted in the category of an association, subject to maintaining separate research accounts; filing annual returns of research activities to the prescribed authority; submitting audited annual accounts, income and expenditure statements and balance sheet to the prescribed authority and the tax commissioner; and applying in advance for extension of approval before expiry.

Section 269SS notification: HDFC Home Savings Plan and Loan Linked Deposit Scheme recognised under proviso clause (e).
Notification designates Housing Development Finance Corporation Limited, Bombay, as recognised under the proviso to section 269SS of the Income-tax Act, 1961 in respect of its Home Savings Plan Scheme and Loan Linked Deposit Scheme, pursuant to powers conferred by clause (e) of that proviso.

Specification under Section 138: Central Government authorises Uttar Pradesh Vigilance Commission for functions under the Income tax Act.
Central Government specifies the Uttar Pradesh Vigilance Commission, Lucknow, for the purposes of sub clause (ii) of clause (a) of sub section (1) of section 138 of the Income tax Act, 1961, and permits any officer specifically authorised by the Commission to act for the Commission in relation to that sub clause, effecting formal designation and delegation for the statutory function.

Rate of exchange set for Russian Rouble conversion, guiding customs currency conversion under section 14 of Customs Act.
The Central Government, under sub clause (i) of clause (a) of sub section (3) of section 14 of the Customs Act, determines the rate of exchange for conversion of one Russian Rouble into Indian currency or vice versa to be applied for purposes of section 14, and supersedes the earlier notification referenced in the preamble.

Customs exemption wording broadened to link life-saving drugs to tariff classification, altering the exemption reference accordingly.
The Central Government amends Notification No. 45-Customs (1 March 1979) by substituting in the first proviso the words "life saving drugs and medicines specified" with the phrase "life saving drugs and medicines falling within Chapter 99 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) or", altering the textual qualifier that governs exemption treatment for specified bulk drugs used in the manufacture of those life saving drugs and medicines.

Approval under section 35(1)(iii) requires distinct research accounts, annual returns, audited accounts and timely renewal applications.
Approval is granted to the Centre for Research, Planning & Action under section 35(1)(iii) read with rule 6, subject to maintaining a separate account for research funds, furnishing annual research returns by 30 April, submitting audited accounts and balance-sheet to the prescribed authority and Commissioner by 30 June, and applying to the Central Board of Direct Taxes for extension three months before expiry. The approval is effective from 1 April 1986 to 31 March 1988.

Research approval granted: institute must maintain separate research accounts and submit annual returns and audited accounts.
Approval is granted to Lal Chand Agro Research Institute, New Delhi, under section 35(1)(ii) as an "Association" for the period 1-4-1986 to 31-3-1987, subject to maintaining separate accounts for research receipts, furnishing annual returns of scientific research activities by 30 April each year, submitting audited annual accounts and balance-sheet to the prescribed authority and Commissioner by 30 June each year, and seeking extension of approval from the Central Board of Direct Taxes three months before expiry.

Specification of secured redeemable non-convertible bonds under the withholding proviso, altering their treatment for tax withholding.
Central Government, under the proviso to the income-tax withholding provision, specifies the "14% Secured Redeemable Non-convertible Bonds----1986, 'A' Series" issued by Indian Telephone Industries Limited, Bangalore, as falling within that proviso for withholding tax purposes and subject to the proviso's tax-withholding framework.

Specification under section 193 proviso designates NTPC Secured Redeemable Bonds for that provision, first series.
Central Government specifies the 14% Secured Redeemable N. T. P. C. Bonds - 1986, First Series, issued by National Thermal Power Corporation Ltd., New Delhi, under clause (iib) of the proviso to section 193 of the Income-tax Act by Notification S.O.2613 dated 16-7-1986, thereby designating those bonds for the purposes of that proviso.

Specified Secured Non-convertible Bonds designated under income tax proviso for tax treatment by government notification.
Central Government, invoking the proviso to section 193 clause (iib), designates the 14% Secured Non-convertible Bonds issued by Neyveli Lignite Corporation Limited, Neyveli, Tamil Nadu, as specified instruments for the purposes of that proviso under the Income-tax Act.

Specification of REC-13th Series Bonds clarifies applicability of the proviso to section 193 for tax purposes.
The Central Government, exercising the power conferred by clause (iib) of the proviso to section 193 of the Income-tax Act, 1961, specifies the "REC-13th Series Bonds" issued by Rural Electrification Corporation Limited, New Delhi, by Notification No. S.O.2611 dated 16-7-1986 for the purposes of that clause.