Tax exemption under section 10(23D): BOB Mutual Fund set up by Bank of Baroda specified as public sector mutual fund.
The Central Government, exercising powers under clause (23D) of section 10 of the Income-tax Act, 1961, specifies BOB Mutual Fund, set up by the Bank of Baroda as a corresponding new bank under the First Schedule to the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, as a Mutual Fund of public sector banks by notification S.O.122(E) dated 24-2-1993.

Certificate requirement for section 35AC contributions: issuers must use Forms 58A/58B and submit annual donor reports.
The amendment requires that certificates under section 35AC be issued in Form 58A (payment) or Form 58B (expenditure). Certificate issuers-public sector companies, local authorities or associations/institutions-must deliver an annual Report to the Secretary, National Committee by 31st March each financial year detailing project progress and, for each contributor, name, address, PAN/G.I.R. number, contribution amounts, recipient project, total contributions in the previous year, and the project's total cost as approved by the National Committee. Issuers must also send an annual statement of donations and project details to the National Committee and to each contributor by 30th June following the relevant financial year.

Excise duty on cement imposed as cess under Industries (Development and Regulation) Act, effective March 1993.
The Central Government, under Section 9(1) of the Industries (Development and Regulation) Act, 1951, specifies that cement manufactured or produced in the scheduled industry is subject to a cess levied and collected as a duty of excise, effective 1 March 1993, with the Table identifying the class "Cement" and prescribing a unit based cess rate of seventy five paise per metric tonne.

Approval under section 35D authorises Projects and Development India Limited to prepare feasibility, project reports and market surveys.
The Central Board of Direct Taxes approved Projects and Development India Limited, Noida, to carry out preparation of feasibility reports, preparation of project reports, conduct market surveys or other surveys for the business of an assessee as referred to in the specified sub-clauses of the relevant tax provision. The approval is set out in Notification No. S.O.467 dated 23-2-1993 and is effective from 9-12-1991 to 8-12-1994.

Tax exemption recognition for a religious institution subject to exclusive income application and restricted investment conditions.
Notification recognizes The Malankara Orthodox Syrian Church, Kottayam, under sub-clause (v) of clause (23C) of section 10 for specified assessment years conditional on: applying or accumulating income wholly and exclusively to its objects; investing or depositing funds only in modes specified in sub-section (5) of section 11 except voluntary contributions maintained as tangible items; and excluding business income unless incidental to objectives with separate books of account.

Exchange rate amendment sets revised Japanese yen conversion under customs notification, specifying applicability and legal basis for the change.
The Central Government, invoking sub-section (2) of section 20 of the Indian Stamp Act, 1899 and sub-clause (i) of clause (a) of sub-section (3) of section 14 of the Customs Act, 1962, amends Notification No. 9/93-N.T.-Cus. by substituting the Schedule entry at serial No. 11 to set the Japanese Yen exchange rate at 365.6000, effective from 22nd February, 1993.

Deeming of export product: television sets of different sizes are treated as a single export product under the customs amendment.
An amendment inserts a proviso in the Explanation to clause (iii) after sub-clause (a) of the existing notification, providing that television sets of different sizes and specifications shall be deemed to be a single export product, thereby aggregating distinct television variants for application of the export exemption under the notification.

Transfer of Residence amendment adds fax machine to the list of permitted items under residency import rules.
The amendment inserts an additional entry in rule three of the Transfer of Residence Rules, adding "Fax Machine." to the list of enumerated items eligible under the Transfer of Residence regime, and takes effect on the date of notification made under the powers conferred by section 79(2) of the Customs Act.

Extension of tourist stay: customs authorities may grant sequential extensions up to beyond two years under Customs Act.
The amendment revises rule 2 of the Tourist Baggage Rules to authorize a staged extension regime: the Assistant Collector may grant a further six month extension for legitimate non immigrant purposes; the Collector may thereafter grant a further extension of one year; and the Board may extend the aggregate permitted stay beyond two years. The change implements sequential administrative power to extend a tourist's period of stay and is effective from the notification date.

Baggage exemption updated: qualifying returning workers may import specified portable equipment duty-free, subject to trade-use limits.
Amendment requires the passenger to have worked abroad and returned on termination after at least 365 days' stay in the two years preceding arrival; omits rule 4B. It replaces rule 5 proviso to allow duty-free import of portable equipments, instruments, apparatus and appliances for passengers engaged abroad over six months, applying the exemption to trade tools used by carpenters, plumbers, welders and masons and excluding items of common personal use. Appendix A adds Fax Machine and Appendix B replaces the figure at serial No. 5 with the word "one".

Baggage exemption eligibility tightened: valid passport and prolonged foreign residence required; one unit per family; fax machines added.
Amendments to Notification No. 137/90-Cus require a valid passport and return after at least 365 days' residence abroad within the two years before arrival, link that residence requirement to persons returning on termination of work abroad, limit concession to one unit of each item per family with a declaratory affirmation, add "Fax Machine" to the admissible items, and delete Explanation clause (i).

Tax exemption recognition under section 10(23C)(v) granted, subject to exclusive application of income and prescribed investment restrictions.
Notification recognizes Church of North India Trust Association under Section 10(23C)(v) subject to conditions: income must be applied or accumulated wholly and exclusively for its objects; funds may be invested only in modes specified by the Act except voluntary contributions retained as tangible items; and the notification excludes business income unless the business is incidental to objectives and maintained in separate books.

Tax exemption notification under section 10(23C)(v) imposes application and permitted investment conditions on the trust.
Notification under section 10(23C)(v) notifies Shri 108 Shri Prannath Ji Mandir Trust as eligible for income-tax exemption for specified assessment years, provided the trust applies or accumulates its income solely for its objects, confines investments to forms permitted by subsection (5) of section 11 (except certain voluntary contributions held as jewellery or furniture), and excludes business income unless incidental to objectives with separate books maintained for such business.

Notification under 10(23C)(v) confirms statutory tax recognition for an institution for specified assessment years.
Notification under section 10(23C)(v) designates Arch Diocese of Trivandrum as recognised for the purposes of that sub-clause, and confines the statutory recognition to specified assessment years, establishing the temporal scope of tax treatment.

Tax exemption recognition under Section 10(23C)(iv) notified for a charitable institution for the specified assessment year.
Notification confers income-tax exemption recognition on Maharanapratap Smarak Samiti, Udaipur, under Section 10(23C)(iv) of the Income-tax Act for the specified assessment year, the Central Government exercising the power conferred by that sub clause to notify the institution for the purposes of the provision.

Charitable institution notification: Mahanirvan Math recognised under section 10(23C)(v) with application, investment, and business conditions.
Notification under section 10(23C)(v) recognises Mahanirvan Math for specified assessment years subject to conditions: income must be applied or accumulated wholly and exclusively for institutional objects; funds (other than certain voluntary contributions in kind) must be invested only in forms or modes specified in section 11(5); and business profits are excluded from the notification unless the business is incidental and separate books of account are maintained.

Customs amendment reduces a specified import percentage requirement for gem and jewellery unit exemption conditions.
The Central Government, exercising powers under sub section (1) of section 25 of the Customs Act, 1962, directs substitution of the figures "15%" with the figures "10%" in condition (xii), column (1), entry against item A of notifications 196 Customs/87, 256 Customs/87, 258 Customs/87, 260 Customs/87 and 262 Customs/87, and in condition (xiv), column (1), entry against item A of notification 3 Customs/88.

Customs exemption for specified baggage limits additional duty for listed household and electronic items when imported by passengers.
Central Government exempts specified household and electronic articles under Heading 98.03 from customs duty to the extent duty exceeds the amount calculated at the rate of 105% ad valorem when imported as passenger baggage from countries other than Bhutan and Nepal, subject to conditions on personal or household use, an aggregate value cap of rupees one lakh and fifty thousand, and compliance with the Baggage Rules, 1978 for non-accompanying articles.

Transfer of Residence amendment: silver other than ornaments expressly included among goods admissible on change of residence.
The Central Government amends rule 3 of the Transfer of Residence Rules, 1978 by inserting a new serial entry: "Silver, in any form, other than ornaments." This insertion is made under powers of section 79(2) of the Customs Act, 1962 and is effected by the Transfer of Residence (Amendment) Rules, 1993.

Silver in baggage: new rule identifies non ornamental silver as a distinct listed item under baggage rules.
Amends the Baggage Rules, 1978 by inserting after serial No. 6 in Appendix B a new serial No. 7: Silver, in any form, other than ornaments. Made under the rule making power of the Customs Act and notified as the Baggage (Amendment) Rules, 1993 (Notification No. 13/93 Cus. (N.T.)), the rules come into force on 9 February 1993.