Tax exemption notification requires Delhi Golf Club to apply and invest its income under specified conditions for specified years.
Notification grants tax exemption under clause (23) of section 10 to Delhi Golf Club Ltd. for specified assessment years, conditional on applying or accumulating income solely for its objects as per section 11 (as modified), investing or depositing funds only in permitted forms, not distributing income to members except as grants to affiliated bodies, and excluding business profits from the exemption unless incidental and accounted for separately.

Anti-dumping duty on metallurgical coke from China PR imposed, making such imports subject to a specified duty for a fixed period.
The Central Government, under sub-section (2) of section 9A of the Customs Tariff Act, 1975 read with rule 13 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty) Rules, 1995, imposed an anti-dumping duty on metallurgical coke originating in or exported from China PR following preliminary findings of dumping in respect of Heading 27.04; the notification specifies a duty rate per metric tonne and an effective period ending in November 1998.

Anti-dumping duty: rescission of prior exemption notification following final imposition alters tariff treatment of graphite electrodes.
The Central Government rescinded Notification No. 77/97-Customs concerning graphite electrodes consequent to the imposition of a final anti-dumping duty, invoking sub-section (2) of section 9A of the Customs Tariff Act, 1975 read with rule 13 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, thereby withdrawing the prior exemption and placing tariff treatment under the anti-dumping duty framework.

Anti-dumping duty on graphite electrodes imposed by origin, exporter and electrode size, with specified differentiated rates.
Imposition of anti-dumping duty on graphite electrodes under Chapter 85 is directed by the Central Government based on designated authority findings, with duties specified by country of origin/export, named exporters where applicable, and electrode size. The schedule sets a nil duty for certain larger sizes from specified countries and distinct duty rates for exporters from the People's Republic of China, the United States, Germany, and for France, Italy, Austria, Spain and Belgium, each rate tied to the corresponding exporter/origin and size range as listed in the annexed table.

Anti-dumping duty on magnesium from China PR imposed, applying to imports under Customs Tariff provisions until November.
The Central Government, under s.9A(2) of the Customs Tariff Act, 1975 read with rule 13 of the 1995 Rules, imposed an anti-dumping duty on magnesium under Chapter 81 originating in or exported from China PR based on the designated authority's preliminary finding of dumping; the duty is specified per metric tonne and the notification is effective up to and inclusive of 3 November 1998.

Exemption from additional duty prevents recovery on historic gold wastage where industry practice matched policy allowances.
The Central Government directs that customs duty and additional customs duty asserted on gold loss in excess of percentages under notification No. 196/87 for the period 1 April 1988 to 29 March 1992 need not be recovered where such excess does not exceed the wastage levels permitted under the Export and Import Policy 1988-91 for plain and studded gold jewellery, the exemption being grounded on the prevailing industry practice in the Domestic Tariff Area.

Import exemption for edible oils: temporary duty waiver under amended customs notification until specified deadline.
The Government amends Notification No. 11/97-Cus by substituting S. No. 8 to provide that edible oils and materials from which edible oil can be extracted, when imported up to and inclusive of the specified cutoff date, are subject to concessional tariff treatment reflected by Nil duty entries in the schedule, effecting a temporary waiver of basic customs duty for the listed imports.

Removal of minimum NFE requirement allows electronic hardware units to be set up without export percentage conditions.
The Foreign Trade Policy, 1997-2002 is amended: the phrase basic custom duty is replaced by basic custom duty and special customs duty in paragraph 7.25; DEPB transfers are limited to import at the port specified in the DEPB, being the port of export; and electronic hardware units may be established without any minimum NFE earning as a percentage of exports or export obligation.

Recognition under securities regulation renewed for Cochin Stock Exchange, extending authority to transact in securities contracts.
Statutory recognition under the Securities Contracts (Regulation) Act, 1956 was renewed for Cochin Stock Exchange Ltd., authorising it to deal in contracts in securities for a three-year period beginning 8 May 1998 and ending 7 May 2001, following an application for renewal and a determination that continuation was in the interest of trade and the public.

Interest and penalty for delayed excise duty payments: outstanding liabilities attract interest and additional penalties for nonpayment.
Amendments create an interest and penalty regime: outstanding duty for the specified period attracts interest from the first day of April until payment, and if unpaid by the 30th day of April an additional penalty equal to the outstanding duty or a fixed minimum amount is imposed; similarly, unpaid monthly duties attract interest from the day after the due date and a penalty equal to the outstanding monthly duty or a fixed minimum amount.

Permanent Account Number application deadline extended; affected persons must apply to the assessing officer for the new PAN series.
Amendment extends the deadline for persons required to obtain a Permanent Account Number under section 139A to apply to the Assessing Officer for allotment under the new PAN series by substituting the words fixing the earlier application cut off in paragraph 1 of the prior notification with the revised deadline for the specified assessment year.

Amendment to Land Customs Routes updates designated roads for Moreh and Nampong under customs notification.
The Central Government, invoking clauses (b) and (c) of section 7 of the Customs Act, 1962, amends the Table to Notification No. 63/94-Customs (N.T.) for serial number 5 (Myanmar). It substitutes the route entry for Moreh with Imphal-Pallel-Tamu Road (NH-39) and the route entry for Nampong with Ledo-Tirap-Nampong Pangsu Pass Road, under Notification No. 26/98-Cus. (N.T.).

Appointment of Commissioner of Customs authorises adjudication of specified show cause notices under customs law.
The Central Government, invoking powers under sub section (1) of section 4 of the Customs Act, 1962, appoints the Commissioner of Customs, Ahmedabad as the proper Commissioner for adjudicating cases arising from a specified show cause notice and its addendum/corrigendum, thereby allocating adjudicatory responsibility for those proceedings to that office.

Package weight threshold for courier imports amended, replacing prior clause; impacts clearance eligibility upon official publication.
The Courier Imports (Clearance) Amendment Regulations, 1998, made under section 157 of the Customs Act, substitute clause (b) of regulation 2(2) of the 1995 Regulations to provide that clause (b) shall apply to goods where the weight of the individual package exceeds thirty two kilograms; the amendment is effective on publication in the Official Gazette.

Customs duty exemption for refined and raw sugar extended to cover the relevant tariff heading by notification amendment.
The amendment inserts entry 7A in Notification No. 12/97-Cus to exempt refined sugar, including white crystal sugar, and raw sugar under the relevant tariff heading from special customs duty, made under powers conferred by the Customs Act and the Finance (No. 2) Act as necessary in the public interest.

Tariff amendment: refined and raw sugar now attract a specified customs rate under substituted tariff entry.
Amendment to Notification No. 11/97 Customs substitutes Serial No. 10 in the Table by inserting a tariff entry for refined sugar including white crystal sugar, and raw sugar under heading 17.01 and specifying the corresponding customs duty notation, thereby updating the tariff schedule for those sugar products.

Anti-dumping duty rescission: notification cancelling prior provisional measure following imposition of final duty on terephthalic acid.
The Central Government rescinds a prior notification concerning Purified Terephthalic Acid by issuing Notification No. 14/98-Cus., cancelling Notification No. 85/97-Customs, consequent to the imposition of a final anti-dumping duty and effected under the Customs Tariff Act and governing anti-dumping rules.

Anti-dumping duty on purified terephthalic acid: country- and exporter-specific duties apply on imports.
The Central Government, under the Customs Tariff Act and anti-dumping rules, notifies imposition of anti-dumping duty on Purified Terephthalic Acid originating in or exported from Korea RP, Thailand and Indonesia, based on the designated authority's final findings; the notification prescribes country- and exporter-specific duty rates to be applied on importation.

Exchange rate determination for export goods prescribes updated foreign currency conversion rates to govern export valuation procedures.
The Central Government prescribes specific exchange rates for conversion between Indian currency and listed foreign currencies for export goods, superseding the earlier notification; the rates in the appended Schedule I (per one unit) and Schedule II (per one hundred units) are to be applied for customs valuation and export procedures from the stated commencement date.

Exchange rate determination for calculating stamp duty and customs valuation specified by central government in notification.
Central Government prescribes the rate of exchange for specified foreign currencies for converting into Indian currency and vice versa for calculating stamp duty under the Indian Stamp Act, 1899 and for purposes of section 14 of the Customs Act, 1962 in relation to imported goods; the notification supersedes the earlier notification and fixes the rates set out in Schedule I (per unit) and Schedule II (per 100 units) to be effective from the stated commencement date.