Approval under Section 35(1)(iii) permits donor deductions where the institution keeps separate accounts and auditor certificates.
Approval of Madras School of Economics under Section 35(1)(iii) permits donor deductions for contributions to its research activities for 1-4-2005 to 31-3-2008, subject to conditions: maintain separate accounts for research; submit audited Income & Expenditure accounts for each approved year to the Commissioner/Director of Income-tax (Exemptions) by the return filing due date or within 90 days of the notification; and include an auditor's certificate specifying amounts received for eligible research and certifying that expenditure was for social science or statistical research.

Baggage rules amendment designates a new entry in Annexure IV, adding a specified baggage point and taking effect immediately.
Amendment inserts Chakan-da-bagh as a specified baggage point in Annexure IV to the Baggage Rules, 1998 for Poonch District, effected by Notification No. 76/2006 and coming into force on 30 June 2006.

Rules of origin determine SAFTA preferential tariff eligibility based on origin tests and Certificate of Origin procedures.
Rules prescribe when goods qualify for SAFTA preferential treatment: products are originating if wholly produced in the exporting Contracting State or if, when not wholly produced, they meet prescribed working/processing and value content or tariff classification changes, or qualify under regional cumulation or product specific rules in Annex A. The valuation of non originating materials is by CIF or earliest ascertainable price. Direct consignment, packing treatment and specific non qualifying minimal operations are defined. Annex B governs issuance, verification, validity, retrospective issuance and retention of Certificates of Origin and mandates inter State cooperation against circumvention and fraud.

Tariff value fixation updated for specified imported oils and brass scrap under Customs Act powers.
Amendment substitutes the tariff-value Table in Notification No.36/2001 Cus (N.T.) under Section 14(2) of the Customs Act, 1962, prescribing tariff values per metric tonne for specified imported goods for customs valuation, including categories of vegetable oils and brass scrap, and thereby updating the valuation schedule in the principal notification.

SAFTA concessions implementation amends customs exemption notifications to update cross references from earlier notifications.
Gives effect to SAFTA concessions by directing that specified customs miscellaneous exemption notifications be amended under section 25(1) of the Customs Act, 1962, substituting updated lists of earlier notifications in the preambles and Explanations to harmonise and consolidate cross references; the amendments operate prospectively and take effect from the stated commencement date.

SAFTA tariff concessionary exemption reduces customs duty for qualifying imports from SAFTA countries upon origin proof.
Exempts imports from specified SAFTA countries from that portion of customs duty exceeding the ad valorem rates set in the Table, with column (4) rates applying to APPENDIX I countries and column (5) rates to APPENDIX II countries, contingent on the importer proving origin under the SAFTA Rules of Determination of Origin to the satisfaction of the Deputy or Assistant Commissioner of Customs; rates are ad valorem unless otherwise stated and specified tariff headings and descriptions are listed in the schedule.

Customs duty reduction under SAFTA: preferential import rates for listed countries with origin proof required.
The notification prescribes preferential customs duty rates for specified goods imported from SAFTA partner countries: column (4) rates apply to APPENDIX I countries and column (5) rates to APPENDIX II countries, normally as ad valorem rates unless otherwise specified. Importers must satisfy the Deputy Commissioner or Assistant Commissioner of Customs that goods satisfy the SAFTA Rules of Determination of Origin to claim the reduced duty. The notification excludes items listed in Annexure I (for APPENDIX I), Annexure II (for APPENDIX II) and Annexure III generally, and takes effect from 1 July 2006.

Appointment of Administrator under securities regulation: new Administrator empowered to exercise Governing Board powers during supersession.
An Administrator is appointed to replace the resigning Administrator and to exercise and perform all the powers and duties of the superseded Governing Board for the remaining period of supersession; the Administrator may engage such persons as he deems necessary to assist in discharging his functions pursuant to the regulatory notification.

Audit of cost accounts ordered for specified pharmaceutical companies under statutory power, imposing annual cost-records audit requirement.
An audit order under section 233B mandates annual audits of cost accounting records maintained under the Cost Accounting Records (Bulk Drugs) Rules, 1974 and the Cost Accounting Records (Formulations) Rules, 1988 for specified pharmaceutical companies for the year ending 31-3-2006 or the current financial year and every financial year thereafter, with a list of named manufacturers and locations to which the requirement applies.

Import liberalisation for durum and other wheat: imports permitted freely during the abeyance period under FTP amendment.
Amendment to Schedule I (Imports) of the ITC (HS) Classification places Exim Codes 10011090 (Durum Wheat: Other) and 10019020 (Other Wheat) in abeyance, permitting the importation of those items freely for the notified abeyance period; the change is effected under the Foreign Trade (Development and Regulation) Act and the FTP and is stated to be in the public interest.

Charitable receipt exemption prevents recipients including income received on behalf of a research institution if conditions are met.
Notification exempts income received by any person on behalf of the National Council of Applied Economic Research from inclusion in that person's total income for the specified assessment years, provided the Institution applies or accumulates income solely for its objects with limited accumulation, confines investments to permitted modes, treats business receipts as incidental only if separate books are kept, files returns regularly, and transfers surplus assets on dissolution to a similar organization.

Exemption for income received on behalf of Rural Cultural Centre subject to conditions on application, investment, business and dissolution.
Notification under Section 10(23C)(iv) exempts income received by any person on behalf of the India International Rural Cultural Centre from inclusion in the recipient's total income for the specified assessment years, subject to conditions: exclusive application or limited accumulation of income, permitted modes of investment, exclusion of business income unless incidental with separate books, regular filing of returns, and transfer of surplus on dissolution. The exemption applies only to recipients' receipts on behalf of the Institution; the Institution's own taxability is to be considered separately.

Industrial park approval conditions: entitlement to tax incentives tied to infrastructure thresholds, unit occupancy limits, and compliance.
Notification designates M/s. Hiranandani Builders' undertaking as an approved industrial park for tax incentives under clause (iii) of the relevant industrial-park provision, specifying location, area, permitted activities, allocable industrial and commercial area percentages, minimum units, investment figures, and commencement date. Conditions require minimum infrastructure expenditure ratios, defined common infrastructure components, a cap on any single unit occupying more than fifty percent of allocable industrial area, separate statutory approvals for foreign investment, developer's continued operation for benefit-period eligibility, transfer notification procedures, and grounds for invalidation or withdrawal for misrepresentation, nondisclosure, delay, or noncompliance.

Specified asset status under section 54EC: bonds by Rural Electrification Corporation treated as long-term specified asset.
Notification designates bonds to be issued by Rural Electrification Corporation Limited in financial year 2006-07 as long-term specified asset for purposes of section 54EC, specifying a three-year redemption term and thereby enabling the statutory treatment applicable to such tax-saving bonds under the Income-tax Act.

Section 54EC specified asset designation: tax savings bonds issued by National Highways Authority qualify as long term specified assets.
Notification designates bonds issued by the National Highways Authority of India during the 2006-07 financial year as long term specified assets under section 54EC, specifying that tax savings bonds redeemable after three years qualify for the section's tax saving treatment and limiting the notified issuance to the stated aggregate amount for that year.

Customs duty on wheat adjusted; new tariff entry adds wheat under specified tariff codes with future duty applicability.
The notification inserts a new proviso clause and adds Schedule entry 18A, covering tariff items 10011090 and 10019020 described as Wheat, subject to a customs duty of 5%, applicable on or after 1 January 2007; the amendment supplements Notification No.21/2002-Customs under section 25(1) of the Customs Act, 1962.

Cost accounting records wording revised: 'proper' and 'adequate' qualifiers removed, simplifying books and schedule particulars.
Amendments simplify statutory terminology by replacing "keep proper books of account" with "keep books of account" and changing "the particulars specified in the Schedule" to "the particulars of records specified in the Schedule". The Schedule replaces all occurrences of "proper records", "proper and adequate records" and "adequate records" with the single term "records", standardising the description of recordkeeping obligations and taking effect on publication in the Official Gazette.

Disclosure of information: Director of Enforcement may share PMLA-obtained intelligence with specified agencies to perform statutory functions.
Specification under the Prevention of Money laundering Act empowers the Director of Enforcement or an authority specified by him to furnish or cause to be furnished information received or obtained under the Act to a defined set of agencies and bodies for the purpose of performing their functions, establishing an institutional information sharing framework to enable inter agency exchange of PMLA derived information.

Export prohibition on pulses extended with exemptions for kabuli chana and certified organic pulses subject to APEDA conditions.
A prohibition on the export of specified pulses has been enacted by inserting multiple pulse tariff entries into the ITC(HS) Schedule with an export policy of "Prohibited." The ban covers named pulse sub headings and generally disallows export, while exempting exports to Bhutan, certain permitted exports to Sri Lanka, and kabuli chana. Limited annual exports of organic pulses are permitted subject to APEDA certification, APEDA contract registration, a fixed annual quantity cap, and shipment only through Customs EDI ports; additional narrow humanitarian and bilateral exemptions are recorded.

Exchange rate determination for exports establishes notified rupee equivalents for specified foreign currencies, superseding prior notification.
Determines the notified rate of exchange for conversion of specified foreign currencies into Indian rupees for export purposes, effective 1st July, 2006, superseding the earlier notification of 26th May, 2006; Schedule I lists rupee equivalents per one unit for various currencies and Schedule II lists the rupee equivalent per one hundred units for Japanese Yen, to be applied for export-related customs conversions.