Exclusion of Acetic Anhydride from customs exemptions: imports of the substance are expressly removed from earlier notification benefits.
The Government amends five prior customs exemption notifications by adding an identical proviso in each notification's Explanation that expressly excludes import of Acetic Anhydride from the benefit of those notifications, thereby removing that substance from exemption coverage as a matter of public interest.

Amendment to customs exemption replaces the specified entry for wind generator components, altering tariff description and coverage.
The Central Government, invoking sub section (1) of section 25 of the Customs Act, 1962, amends Notification No. 89/91 Customs by substituting in the annexed Table the entry in column (2) against S. No. 2 with the description "Gear box and parts thereof", thereby altering the tariff description of goods linked to wind operated electricity generators for the purposes of the exemption.

Statutory notification under section 47(ix) designates Indira Gandhi National Centre for Arts as a notified institution for specified assessment years.
The Central Government, exercising powers under clause (ix) of section 47 of the Income-tax Act, hereby notifies the Indira Gandhi National Centre for Arts, New Delhi as a notified institution for the assessment years specified in the notification, thereby establishing the statutory basis and temporal scope of the designation.

Governance amendment: imposes term limits for exchange office-bearers and reduces membership threshold to tighten oversight.
Amendments require renumbering certain sub-clauses of Article 53 into Article 54, substitute the membership threshold in a renumbered sub-clause, insert a provision that the President, Vice President and Treasurer shall hold office for one year and be eligible for re election with a restriction preventing those who have served two consecutive terms as President or Vice President from immediate re election until a one year gap, and delete the existing Article 54; effective from publication in the Official Gazette.

Disclosure exemption for tea cultivation and processing companies limits Schedule VI reporting but requires inventory and purchase disclosures.
The Central Government exempts companies engaged in cultivation or processing of tea from disclosing certain Schedule VI particulars in the profit and loss account, provided they disclose the quantity and other particulars (excluding value) of green leaf tea produced and processed with opening and closing stocks, and, where green leaf tea is purchased, additionally disclose the value, quantity and particulars and opening and closing stocks of such purchases.

Delegation of administrative authority: government authorised a SEBI officer to exercise powers over specified companies law offences.
The Central Government authorises a named officer of the Securities and Exchange Board of India to exercise the government's delegated powers under the Companies Act for enforcement of designated offences, limiting the delegation to the specific company law contraventions listed in the notification and confining the authorised function to execution of statutory powers for those offences.

Specified bonds under section 80L: NHPC H Series seven-year secured non-convertible bonds made eligible under the clause.
Central Government specifies 7 year taxable Secured Non convertible Bonds (H Series) issued by the National Hydroelectric Power Corporation Limited as falling within clause (ii) of sub section (1) of section 80L of the Income tax Act, 1961, identifying the series by serial numbers 80000001 to 80751935 and aggregating a stated principal amount, by notification S.O.900(E) dated 23 11 1993.

Housing finance company approval under section 36(1)(viii) granted, subject to statutory compliance under the Income tax Act.
M/s. Peerless Abason Finance Limited is approved as a housing finance company for purposes of section 36(1)(viii) of the Income tax Act for the specified assessment years, subject to the condition that the company conforms to and complies with the provisions of that section for the approval to remain effective.

Specified taxable secured non-convertible bonds under section 80L designated by central government for tax purpose by notification.
Central Government specifies a class of 7-year taxable secured non-convertible G Series bonds issued by the National Hydroelectric Power Corporation Limited as qualifying for the purposes of clause (ii) of section 80L of the Income tax Act, 1961 by Notification No. S.O.899(E) dated 23 11 1993, identifying the bonds by series and serial number range.

Tax-free bonds specified for public power company; tax exemption available only if holders register their holdings with issuer.
Central Government specifies ten year, nine percent, tax free, secured, redeemable, non convertible bonds of one thousand rupees each issued by the National Hydroelectric Power Corporation, identifying a particular series and aggregate issuance; the income tax exemption is made conditional on the holder registering his name and holding with the issuing corporation.

Exemption under section 35AC: specific institutions' projects approved for tax benefit limited to two assessment years.
Approval under the Explanation to section 35AC designates two charitable health projects as eligible, names the Smt. Tarabai Desai Charitable Ophthalmic Trust for an eye care centre in Jodhpur and Sanjeevan Medical Foundation for a community care and research centre at Miraj, fixes maximum approved costs for each project, and limits the approvals to a two-year period applicable to the assessment years 1994-95 and 1995-96.

Double taxation avoidance treaty allocates taxing rights, caps cross border withholding and mandates mutual agreement and information exchange.
Bilateral treaty establishes rules to avoid double taxation and prevent fiscal evasion between India and the U.A.E., applying to residents and specified taxes on income and capital. It allocates taxing rights by source and nexus, defines residence and permanent establishment (including inclusions, exclusions and time thresholds), and prescribes withholding tax ceilings for dividends, interest and royalties, with exceptions for amounts connected to permanent establishments. The Agreement provides elimination of double taxation, a mutual agreement procedure for disputes, exchange of information for tax administration subject to confidentiality limits, and non discrimination protections.

Warehousing amendment adds a Tamil Nadu location for excise warehousing under Central Excise Rules notification.
The Central Government, under sub rule (2) of rule 49 and rule 139 of the Central Excise Rules, 1944, amends Notification No. 266/67 Central Excises by inserting item (zzm) in paragraph 2, clause (i), specifying Muttam village, Melevanjore Post Office, Nagore Nagapattinam Quaid E Milleth District, Tamilnadu as an additional designated locality for the purposes of the notification.

Customs exemption for imported machinery enables duty free import for ammunition filling project subject to specified certification conditions.
Exempts from customs duty and additional duty machinery, instruments, tools and accessories imported for establishing ammunition filling facilities at the Bolangir ordnance factory project by the Ordnance Factory Board, Calcutta, subject to production at importation of a list certified by an officer not below Deputy Secretary in the Ministry of Defence confirming requirement for the project, non availability in India, and exclusive use for the project.

Section 80G recognition: temple designated a place of public worship for purposes of the Income tax Act.
The Central Government, exercising powers under clause (b) of sub section (2) of section 80G of the Income tax Act, notified the Sri Veera Bhadra Swami and Durga Papanaseswara Swamy Temple, Lepakshi, Anantapur District, as a place of public worship of renown throughout the State of Andhra Pradesh for the purposes of the said section.

Tax-free bond specification under Section 10(15)(iv)(h): registration required to claim exemption for specified bonds.
The Central Government specifies certain ten-year 9 per cent tax-free secured redeemable non-convertible bonds as falling within item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, identifying the E Series 5th issue by distinctive numbers; the tax benefit is admissible only if the holder registers his name and holding with the issuing corporation.

Specification under Section 80L: 7 year secured non convertible bonds issued by a power corporation designated for tax provision.
Central Government designates a tranche of 7 year taxable secured non convertible bonds (E Series, 5th issue; serial numbers E 8421801 to E 13281800) aggregating to a stated principal amount issued by the Nuclear Power Corporation of India Limited as specified instruments for the purposes of the clause in sub section (1) of the Income tax Act that permits governmental specification of instruments.

Central excise tariff amendment adds an entry for matches in retail boxes, adjusting their excise classification and rate.
Amendment to Notification No. 116/85-Central Excises adds a new table entry specifying matches packed in retail boxes of forty, setting a charge per hundred boxes, under the authority of sub-section (1) of section 5A of the Central Excises and Salt Act, 1944.

Place of public worship recognition under section 80G enables tax-deduction eligibility for donations to the Sri Sarangapani Swami Temple.
The Central Government notifies the Sri Sarangapani Swami Temple, Kumbakonam, as a place of public worship of renown throughout the State of Tamil Nadu for the purposes of clause (b) of sub-section (2) of section 80G of the Income-tax Act, 1961, exercising the power conferred by that provision and identifying the temple for the statutory tax treatment applicable to recognized places of public worship.

Credit of duty on inputs allowed with conditional condonation, removal rules, and transitional filing requirements.
The amendments allow the Assistant Collector to condone delayed declarations and permit credit of duty on inputs if inputs were received within specified temporal limits, duty has actually been paid, and inputs are used or to be used in manufacture. Rule 57F clarifies permitted use or removal of credited inputs, including removal for home consumption or export on intimation and acknowledgement, and removal for external processing or intermediate manufacture provided waste is returned or duty paid. Transitional rule 57H requires declarations and prescribed documentary evidence before credit may be taken.