Tax exemption specification: United News of India recognised as news-agency under income-tax clause, covering three assessment years.
Central Government specifies the United News of India as a news agency set up in India solely for collection and distribution of news for the purposes of clause (22B) of section 10 of the Income-tax Act, by Notification S.O.2524 dated 10-3-1995, applying to the assessment years 1994-95 through 1996-97.

Rescission of customs notifications removes listed non tariff instruments governing inland container depot operations.
Rescission of twenty-two prior customs notifications concerning inland container depot operations is effected under the grant of power in clause (aa) of the Customs Act, 1962. The central government withdraws a series of earlier notifications, thereby removing the listed non-tariff customs instruments that previously governed certain procedural or regulatory aspects of inland container depot functioning.

Inland container depots appointed for unloading imported goods and loading export consignments under Customs Act authority.
The Central Government, under clause (aa) of section 7 of the Customs Act, 1962, appoints the places listed in the Table as inland container depots for unloading imported goods and loading export goods or classes thereof, subject to a proviso that certain listed places are appointed only for loading export goods. An explanation defines "goods" for a specified place to include diamonds, precious and semi-precious stones, pearls, jewellery of precious metal, industrial diamonds and synthetic stones.

Appointment of Collector of Customs powers to adjudicate designated importers' show cause notices across specified airport jurisdictions.
The Central Government appoints the Collector of Customs-II, Bombay to exercise the powers of Collector of Customs in the Sahar (Bombay) airport, Delhi airport and Madras airport jurisdictions for the specific purpose of adjudicating the particular show cause notices listed in the Table against the named importers, under the statutory powers of the Customs Act.

Central Excise rule amendment revises bill of entry copy requirement and expands clause references affecting compliance.
The amendment mandates that in rule 57G(2) first proviso the term "Bill of Entry" be replaced by a requirement for a triplicate copy of a Bill of Entry, specifying the documentary copy requirement. It also expands the cross reference in rule 173Q(1) by substituting the reference to "clause (bb)" with "clause (bb) or clause (bbb)", thereby bringing an additional clause within the scope of that paragraph.

Importer registration with Central Excise Officer recognized under amended rule, expanding eligible invoice issuers for documentation.
The Government, under rule 57G of the Central Excise Rules, substitutes item (iii) in the earlier notification to state that an importer registered with the Central Excise Officer is included among the persons authorised to issue invoices under the notification.

Exemption under income tax: government extends eligible project status to rural housing and mobile medical services.
Central government extends tax-exempt status under Income Tax law to two Ramakrishna Mission Belur Math schemes for a further three assessment years commencing 1996-97: construction of dwelling units for the rural poor at Hooghly, and mobile medical services and health education in Bankura District; the extension is based on a National Committee recommendation that the schemes are properly executed and follows procedural rules governing specification of eligible projects.

Exemption under section 35AC extended to specified hospital project with mandated free and concessional patient services.
Exemption under section 35AC is extended to the Ramco Appollo Diagnostic Centre at Rajapalayam for two further assessment years from 1996-97, subject to conditions: specified percentages of clinical, X ray, ECG and other routine tests must be provided free or at concessional rates, free treatment must be given to patients below a prescribed family income threshold, and concessional treatment provided to families in a higher income band; these service and income based conditions underpin the project's continued eligibility.

Exemption under section 35AC extended to hospital project, preserving donor tax benefit for further assessment years.
Central Government specifies the Hospital Project at Trivandrum of the Ramakrishna Math, Belur Math, District Howrah, West Bengal as an eligible project or scheme under the Explanation to section 35AC of the Income tax Act for a further period of three assessment years commencing from the assessment year 1996 97, following the National Committee's recommendation and at an estimated cost of rupees fifty six lakhs.

Tax exemption for specified social welfare projects extended after administrative confirmation of ongoing project execution and eligibility.
Exemption under section 35AC designates specified social welfare projects-slum re-housing, rural housing, school building reconstruction, and training and self-employment for handicapped poor-as eligible for tax-deductible contributions and formally extends their specification for a further three-assessment-year period following a National Committee recommendation that execution was satisfactory.

Listing requirements now apply to corporations created by statute, bringing statutory bodies within stock-listing obligations.
The amendment inserts an obligation that all requirements with respect to listing prescribed by the Securities Contracts (Regulation) Rules, 1957 shall, so far as they may be, also apply to a body corporate constituted by an Act of Parliament or any State legislature, thereby bringing statutory corporations within the scope of listing requirements and the associated regulatory compliance framework.

National Savings Certificates amended to permit single-holder certificates for adults, minors, and trusts effective April 1, 1995.
The amendment deletes three definition clauses in the principal rules and replaces the single Holder Type Certificate provision so that such a certificate may be issued to an adult for himself, an adult on behalf of a minor, a minor, or a trust, effective 1 April 1995.

Duty exemption for inputs for manufacture of iron and steel intermediates subject to licensing, bond and utilisation conditions.
Exemption from customs duty for inputs used to manufacture iron and steel intermediates is granted subject to production of the import licence under the Engineering Products Export (Replenishment) Scheme, furnishing a bond with surety to secure duty payment and interest where conditions are breached, prohibition on disposal or use except for fulfilment of the licenced supply obligation, restrictions on spares and consumables, endorsement rules for transferability of licence benefits, adherence to I-O Norms and Release Advice, and prescribed ports, airports or ICDs for import/export.

Customs duty exemption for specified Myanmar imports conditioned on proof of Myanmar origin and land-route importation.
Notification No. 9/95 Customs exempts specified goods imported from the Union of Myanmar from customs duty to the extent that duty in excess of a fixed ad valorem threshold is not leviable, provided the importer satisfies the Assistant or Deputy Commissioner of Customs with evidence that the goods were produced in Myanmar and imported via the land route through a notified land customs station.

Export prohibition rescission under Customs Act restores exportability of specified agricultural and natural commodities after public interest determination.
Rescission of export prohibitions exercised under section 11(1) of the Customs Act, 1962, withdrawing eighteen specified government notifications that had prohibited export of named commodities (including tobacco, oils, wool, vegetable oils, pulses, onions and related agricultural and natural products), thereby removing those administrative export bans and listing the rescinded notifications alongside their corresponding commodities for customs implementation.

Customs exemption for edible vegetable oils limits import duty above a prescribed ad valorem rate for qualifying bulk imports.
The Government exempts imports of edible-grade vegetable oils in loose/bulk form, excluding coconut oil, RBD palm oil, RBD palm kernel oil and palm stearin, from customs duty in excess of a prescribed ad valorem rate, exercising statutory power to grant exemptions in the public interest and thereby capping customs liability on qualifying imported edible vegetable oils.

Depreciation allocation clarified: small value plant and machinery may follow Schedule rates when collectively exceeding a materiality threshold.
Amendment omits the words "other than those" from sub item (b) of item (i) under heading II Plant and Machinery and inserts a proviso to Note No. 8 providing that where the aggregate actual cost of individual small value items of plant and machinery exceeds a specified proportion of the total actual cost, the depreciation rates for such items shall be the rates specified in Item II of the Schedule.

Seizure of perishable or hazardous goods: notification amends schedule to replace the relevant item with 'Conveyance'.
The Central Government, under sub-section (1A) of Section 110 of the Customs Act, 1962, by Notification No. 10/95-Cus. (N.T.), dated 1-3-1995, amends the schedule to Notification No. 31/86-Customs (as amended) by substituting the entry for Item No. 6 with the single-word entry "Conveyance", thereby altering the schedule's categorisation relevant to seizure of perishable or hazardous goods.

Exchange Rate Determination for export goods fixes specified currency conversion rates to apply for customs valuation.
Determination of exchange rates for export goods under the Customs Act, 1962 prescribes specific rupee equivalents for listed foreign currencies in two schedules (one giving values per unit, the other per one hundred units), superseding a prior notification; those rates are declared effective from the first day of March, 1995 and apply to conversions between foreign currency and Indian rupees for export-related customs purposes.

Exchange rate determination set for conversion of specified foreign currencies to Indian rupees for stamp duty and customs.
Fixes the rates of exchange for specified foreign currencies into Indian rupees for use in calculating stamp duty and for conversion purposes under section 14 of the Customs Act insofar as they relate to imported goods, superseding the prior notification and taking effect from 1 March 1995, with the specific rates set out in Schedule I (per unit) and Schedule II (per 100 units).