Income-tax notification under section 10(23C)(v): Shree Somnath Trust notified as qualifying charity for assessment year 1988-89.
The Central Government, invoking its authority under section 10(23C)(v) of the Income-tax Act, notifies Shree Somnath Trust, Gujarat as qualifying for the purposes of that sub-clause for the assessment year 1988-89, by Notification No. S.O.2007 dated 20-5-1988.

Excise duty exemption for specified aluminium goods reduces applicable duty rates and sets conditions for strips and primary producers.
Notification exempts specified aluminium goods from central excise to the extent that duty exceeds reduced rates set for each listed tariff heading and subheading, listing goods and corresponding reduced duty rates, distinguishing certain wire products made by non primary manufacturers, excluding goods covered by an earlier notification, providing a conditional reduction for strips used to manufacture exempt pipes subject to procedural requirements, and defining primary producer by licence or registration under the Industries (Development and Regulation) Act.

Tariff amendment: Wire-rods meeting IS 5484-1978 now subject to ad valorem duty under Central Excise rules.
The Central Government, under sub-rule (1) of rule 8 of the Central Excise Rules, 1944, by Notification No. 203/88-C.E., substitutes S. No. 4 in the Table to Notification No. 150/86-Central Excises so that wire-rods, whether or not in coils, conforming to IS 5484-1978, are subject to an 18 per cent. ad valorem duty.

Excise exemption for specified iron and steel final products where inputs are duty paid and no input credit is claimed.
Exemption from excise duty is provided for specified iron and steel final products within Chapters 72, 73 or heading 84.54 when manufactured from listed inputs on which excise or additional customs duty has already been paid, provided no credit for duty on those inputs has been claimed under rule 56A or 57A; stocks in the country are deemed duty paid except those clearly recognisable as non duty paid or nil rated.

Auxiliary duty amendment adds a new schedule entry to prior customs notification, altering exemption framework under statutory customs powers.
The Central Government amends Notification No. 159/88-Customs by inserting, in its Schedule, a new Sl. No. and entry that adds Notification No. 179-Customs to the list, effectuated under the powers of the Customs Act and the Finance Act.

Customs duty exemption for imported parts used in manufacture of specified goods, removing basic and additional customs duties.
The Central Government exempts parts of goods covered by the antecedent notification, when imported for manufacture of those goods, from the whole of the duty of customs payable under the First Schedule to the Customs Tariff Act and from the whole of the additional duty leviable under the Customs Tariff Act, effecting a public-interest exemption for specified manufacturing inputs.

Customs exemption amendments alter tariff schedules by removing and adding specified medical and ophthalmic equipment entries.
The Central Government, exercising its statutory power under the Customs Act, directs textual amendments to Notifications 65/88-Cus. and 144/88-Cus., deleting specified entries under "Ophthalmic Equipments" and "Other Medical Equipments" from Notification 65/88-Cus. and inserting specific medical and ophthalmic devices (including slit lamp biomicroscope, surgical operating microscopes, and argon/krypton and yag lasers) into the Table of Notification 144/88-Cus., thereby altering the catalogue of equipment referenced in those exemption notifications.

Warehousing station designation permits establishment of export-oriented undertakings under Customs Act authority for customs warehousing purposes.
Declaration under section 9 of the Customs Act, 1962 designates Village Yaswantapur in Warangal District as a warehousing station to enable customs warehousing facilities and to facilitate the setting up of export-oriented undertakings, classifying the locality for customs warehousing treatment and applicable customs procedures.

Warehousing station declaration enables export oriented undertakings under Customs Act authority to set up operations in designated village areas.
Declaration designates Village Baita Kodiambedu as a warehousing station to facilitate establishment of export-oriented undertakings, made pursuant to powers conferred on the central customs administrative board to classify the specified locality for warehousing facilities connected to export activity.

Warehousing station declaration enables export-oriented undertakings to use designated customs facilities for export promotion and procedural relief.
Declaration under section 9 of the Customs Act, 1962 designates Village Netali in District Thana, Maharashtra, as a warehousing station for customs purposes to support hundred per cent export-oriented undertakings, enabling use of warehousing and related customs procedures at the designated location.

Warehousing station declaration permits export-oriented undertakings to establish operations under section nine of the Customs Act.
The Central Board of Excise and Customs, exercising powers under section 9 of the Customs Act, 1962, declares Village M. Venkatayapalem in Thirumalayapalam Taluk, Khammam District, Andhra Pradesh, to be a warehousing station for the purposes of setting up of hundred per cent export-oriented undertakings, thereby creating a customs warehousing facility to facilitate export-oriented operations.

Warehousing station designation permits establishment of export-oriented undertakings under the Customs Act through section nine powers.
Declaration under section 9 of the Customs Act designates Village Dondapadu (General Survey No. 188) in Nalgonda District, Andhra Pradesh, as a warehousing station by notification of the Central Board of Excise and Customs to permit establishment of export-oriented undertakings in the specified location.

Customs exemption amendment: Cellulose acetate sheets and strips granted ad valorem concession under revised notification.
An amendment inserts S. No. 6A in the Table to Notification No. 88/87-Customs to grant an ad valorem exemption for Cellulose Acetate Sheets and Strips, the Central Government acting under sub-section (1) of section 25 of the Customs Act, 1962, and stating the change is made in the public interest.

Rescission of customs exemption removes a prior notification under section 25(1) as necessary in the public interest.
Rescission of a customs exemption notification is effected under the executive power conferred by section 25(1) of the Customs Act, 1962. The Central Government, being satisfied that rescission is necessary in the public interest, withdraws Government Notification No. 26/79-Customs dated 31st January, 1979, thereby revoking the earlier exemption.

Customs and excise exemption and revision powers expanded, with refund and electronic evidence rules newly codified.
The amendment law revises the Customs Act, 1962 and the Central Excises and Salt Act, 1944 by inserting provisions on refund of duty following notifications, excluding rate and valuation questions from existing revision powers, and creating new revision powers for the Board or Collector. It also introduces rules making microfilms, facsimile copies, and computer printouts admissible as documents and evidence under specified conditions, and updates appellate tribunal jurisdiction and parliamentary laying requirements for rules and notifications.

Customs valuation rules for imported goods were amended to govern price determination under the statutory framework.
Customs valuation for imported goods was realigned by inserting a new sub-section (1A) in section 14 of the Customs Act, 1962, providing that the price of imported goods is to be determined in accordance with the rules made for that purpose, subject to section 14(1). Consequential changes were made to section 14(2) to extend its reference to the new sub-section (1A). The rule-making power in section 156 was also amended so that regulations may prescribe the manner of determining the price of imported goods under section 14(1A).

Customs exemption amendment refines covered goods, limiting conductors and specifying metglass amorphous alloy electrical steel sheets.
Amendment substitutes specified product descriptions in the Table to the earlier customs notification: replacing "copper conductors" with "hollow copper conductors" and substituting the existing entry for electrical steel sheets with "electrical steel sheets of metglass amorphous boron silicon alloy", thereby refining the class of exempted goods and the scope of the exemption.

Notification under section 10(23C)(v) recognising Shri Nanak Jhira Saheb Foundation for tax-exempt status for the assessment year 1988-89.
Notifies Shri Nanak Jhira Saheb Foundation, Karnataka under section 10(23C)(v) of the Income-tax Act, the Central Government designates the foundation for the purposes of that sub-clause for the assessment year specified, operating as an executive recognition that the foundation qualifies under the statutory exemption category and enabling the fiscal treatment contemplated by that clause.

Manufacture origin requirement for excise exemption: cement must use clinker produced within the same manufacturer's factories.
The substituted proviso requires that exempt cement be manufactured from clinker produced either within the same factory where the cement is made or within another factory of the same manufacturer where clinker production commenced during the relevant period, thereby linking exemption eligibility to the clinker's in house or same manufacturer origin.

Local manufacture requirement for cement: cement exempt only if produced from clinker made within same factory.
The amendment substitutes existing provisos to require that cement qualifying under the notification must be manufactured out of clinker produced within the same factory in which such cement is manufactured, creating a factory level production linkage for the notified exemption.