Specification of security: proviso to section 193 allows transfer benefit if transferee notifies issuer by registered post within sixty days.
Central Government specifies 11 per cent. IDBI Bonds, 2001 (43rd Series) as falling within clause (iib) of the proviso to the Income-tax Act for tax purposes. The proviso's benefit on transfer by endorsement or delivery is conditional on the transferee informing the Industrial Development Bank of India by registered post within sixty days of such transfer.

Specified bonds: transfer of NTPC secured redeemable bonds permits proviso benefit if transferee notifies corporation within sixty days.
Central Government specifies the "14 per cent. Secured Redeemable NTPC Bonds, 1986-Second Series" as specified bonds under the proviso to section 193 of the Income-tax Act. The proviso benefit on transfer by endorsement or delivery is admissible only if the transferee notifies the issuing Corporation by registered post within sixty days of the transfer.

Excise exemption for tank parts: duty waived where parts are proven OEM components and procedural rules are followed.
Exemption removes excise duty on parts of main battle tanks falling within Chapters 45, 48, 68, 73, 85 or 87 of the Tariff Schedule, provided an officer not below Assistant Collector is satisfied the parts are intended as original equipment parts for main battle tank manufacture and, where such parts are used outside the factory of production, the procedural requirements of Chapter X of the Central Excise Rules, 1944, are complied with.

Exemption for metal containers: duty waived when used to pack specified milk powders and ghee, subject to procedural compliance.
Substitutes tariff entry 8312.12 to grant a Nil duty exemption for metal containers and parts thereof when intended for packing whole milk powder; skimmed milk powder packaged for retail in containers not exceeding one kilogram net; milk powders specially prepared for infants and baby foods; and ghee, subject to the condition that use outside the factory of production follows the procedural requirements in the Central Excise Rules (Chapter X).

Bench seating locations for the Wealth-tax Settlement Commission specified; principal and additional benches have designated ordinary seats.
The Central Government, under statutory authority in the Wealth-tax Act, designates New Delhi as the ordinary place for the principal Bench and Bombay as the ordinary place for the additional Bench of the Wealth-tax Settlement Commission, establishing the ordinary venues for each bench's sittings.

Approval under section 35(1)(iii) imposes accounting, annual reporting and renewal conditions for research institutions.
Vivekananda Nidhi, Calcutta is approved under clause (iii) of sub-section (1) of section 35 of the Income-tax Act for 1-4-1987 to 31-3-1990, subject to maintaining separate research accounts, filing annual returns of scientific research activities by 31st May, submitting audited annual accounts and balance-sheet to the prescribed authority by 30th June with copies to the Central Board of Direct Taxes and the Commissioner, and applying for extension three months before approval expiry.

Exemption restriction for specified tea when an alternative central excise exemption has already been availed.
The amendment inserts a paragraph excluding application of the exemption in Notification No. 193/86 C.E. to tea under sub heading No. 0902.19 where the exemption under Notification No. 217/86 Central Excises has been availed, thereby preventing concurrent use of both exemptions.

Customs exemption for imported raw materials allowed for replenishment and limited to project supplies; transfers require prior approval.
The notification permits replenishment imports of raw materials and components for manufacture of goods supplied to specified international or aided projects, forbids their sale or disposal, and allows subsequent use for other manufacture or transfer to an actual user with prior approval of the competent import licence authority; exemption also covers imports under an Open General Licence if the import licence is produced at clearance.

Appointment of Customs officers: Narcotics Control Bureau officers vested with Customs powers under section 4(1) of Customs Act.
The Central Government, exercising powers under sub-section (1) of section 4 of the Customs Act, amends a prior customs notification by inserting clause 5 to expressly appoint all officers of the Narcotics Control Bureau as officers of Customs, thereby extending customs authority to those officers under the cited notification.

Auxiliary duty amendment inserts a new customs notification entry into the exemption schedule under statutory powers.
An amendment effects the insertion of Sl. No. 288 into the Schedule of Notification No. 207/87-Customs, adding the entry "No. 231-Customs, dated the 5th June, 1987," by exercise of the Central Government's statutory powers, to modify the exemption schedule under the existing customs notification.

Customs duty exemption for magnetic tapes limits excess duty to an ad valorem cap subject to industrial use certification.
Magnetic tapes other than for sound recording imported into India are exempted from customs duty in excess of the amount calculated at the rate of 60 per cent ad valorem, provided a specified senior officer certifies that the importer is an Actual User (Industrial). The certification requirement is waived for three named importers, so the exemption operates as a conditional ad valorem duty cap tied to industrial user certification except for those listed importers.

Exemption for tensilised polyester film reduces customs duty for imports used to manufacture magnetic tapes, subject to certification and undertakings.
Exemption grants reduced ad valorem customs duty and a capped additional duty on tensilised polyester film ( 30 microns) imported for manufacture of magnetic tapes, conditional on a recommending officer's certification (unless imported under supplementary licences) and an importer undertaking to use the goods for that purpose and to pay duty differences if the undertaking is breached; "Polyester Film" excludes any magnetic treatment or magnetic tapes themselves.

Customs exemption amendments narrow product scope, delete a table entry, and limit duty relief by an excess over rate formula.
Central Government amends three customs exemption notifications by substituting or omitting specified textual provisions: replacing "magnetic tape" with "magnetic tapes for sound recording" to narrow product scope; deleting Sl. No. 1 and its entries from a notification table; and replacing descriptive duty language with a formula limiting exemption to that portion of customs duty in the First Schedule exceeding an amount calculated at fifty per cent ad valorem.

Exemption wording amended: low density polyethylene coated or laminated paper and paperboard explicitly included in notification
The Table to Notification No. 43/86 Central Excises is amended by substituting in S. No. 3, column 3, clause (i) the words "low density polyethylene laminated paper or paper board" with "low density polyethylene coated or laminated paper or paper board", thereby expressly including coated as well as laminated paper and paperboard within the specified exemption entry under rule 8(1) of the Central Excise Rules, 1944.

Central Excise amendment removes a proviso from a scheduled exemption, altering tariff exemption scope under rule authority.
The Central Government, under sub-rule (1) of rule 8 of the Central Excise Rules, 1944, amends Notification No. 34/86-Central Excises by omitting the proviso in S. No. (2) of the Schedule to that notification, thereby altering the operative terms of the listed exemption.

Excise duty exemption for sago: notification removes the excise levy on sago classified under the tariff sub heading.
The Central Government, exercising the power under sub rule (1) of rule 8 of the Central Excise Rules, 1944, by notification exempts sago falling under tariff sub heading 1903.10 from the whole of the excise duty leviable thereon as specified in the Schedule to the Central Excise Tariff Act, effecting a complete duty waiver for that tariff item.

Extension of notification expiry date under Central Excise Rules, prolonging the operation of the specified exemption period.
Amendment substitutes the expiry date in paragraph 2 of Notification No. 185/83-C.E., using the power under sub-rule (1) of rule 8 of the Central Excise Rules, 1944, to extend the temporal operation of the specified miscellaneous exemption by replacing the earlier date with a later date.

Excise exemption for magnetic tapes limits duty to a specified per area rate, capping excess liability under rule 8.
Exemption limits excise duty on magnetic tapes for sound recording under Chapter 85 by capping liability to the amount computed at a specified per square metre rate, with the Central Government acting under sub rule (1) of rule 8 of the Central Excise Rules, 1944 to exempt duty in excess of that prescribed per area amount.

Customs exemption for specified stainless steel strips allows reduced duty when used to manufacture tubes for electrical heating elements.
An exemption grants reduced customs duty treatment for imported stainless steel strips within Chapter 73 by limiting duty to an amount calculated at a sixty percent ad valorem rate; the relief applies only where strips meet specified composition and dimensional criteria and are used in the manufacture of tubes for electrical heating elements, and it supersedes an earlier notification.

Approval under section 35(1)(ii): association approved subject to separate research accounts, annual returns, audited accounts and renewal application.
Approval under section 35(1)(ii) is granted to Sri Aurobindo Institute of Applied Scientific Research, Pondicherry, as an Association subject to maintaining a separate research account, furnishing annual returns by 31 May, submitting audited annual accounts and balance-sheet to the prescribed authority and copies to the Central Board of Direct Taxes and the concerned Commissioner by 30 June, and applying for extension to the Central Board of Direct Taxes at least three months before approval expiry.