Excise duty exemption for specified pistols and rifles supplied to armed and police forces subject to ministerial recommendation.
The notification exempts "Pistol 9 mm" and "Rifle 7.62 mm SLR" manufactured by M/s. Bharat Dynamics Limited from the whole of excise duty when supplied to the Armed Forces of the Union and Police Forces, provided that, prior to clearance, a Ministry of Home Affairs officer not below the rank of Deputy Secretary recommends the exemption specifying full description and quantity of the goods to be supplied.

Regulation of client-broker funds and securities mandates segregation of client accounts and timely settlement, with limits on withdrawals.
Bye-law 247A mandates segregation of client and member funds, requiring a bank account titled to include "clients" and books distinguishing monies received for or on account of each client; it prescribes permissible credits to and withdrawals from the clients' account and preserves member recourse such as lien and set-off.

Exchange rate determination for export goods sets official foreign-currency conversion rates effective from early December 1994.
The Central Government determines official rates of exchange for specified foreign currencies for conversion into Indian rupees (and vice versa) for export goods, effective 1 December 1994, and supersedes the earlier notification; two schedules list the prescribed rates per one unit and per 100 units for the named currencies.

Exchange rate determination for import valuation and stamp duty set, prescribing specified foreign currency conversion rates effective December.
Prescribes the rate of exchange to be applied to specified foreign currencies for calculating stamp duty under the Indian Stamp Act and for purposes of section 14 of the Customs Act relating to imported goods, superseding the prior notification and fixing conversion rates effective from the stated commencement date. The notification implements two schedules: Schedule I giving rupee equivalents per one unit for certain currencies and Schedule II giving rupee equivalents per 100 units for others, and declares those scheduled rates binding for stamp duty computation and customs valuation of imports.

Inland container depot designation enables Kapadra Central Warehouse to load export goods under Customs Act authority.
Appointment of the Kapadra Central Warehouse as an inland container depot authorizes that facility to be used for the loading of export goods or specified classes of such goods under the statutory power conferred on the Central Government by the Customs Act.

Tax-free secured bonds specified for NTPC; tax benefit conditional on holder registration with issuer and semiannual interest.
Central Government specifies tax-free secured redeemable bonds (XI Series) issued by National Thermal Power Corporation Limited under section 10(15)(iv)(h), carrying semiannual interest and a ten-year tenor, identified by a defined serial number range; the tax exemption is admissible only if the bondholder registers his name and holding with the issuing corporation.

Specification under section 80L: NTPC XIth Series bond issues designated as qualifying securities for tax specification.
Central Government designates two XIth Series secured redeemable bond issues of National Thermal Power Corporation Limited for the statutory specification mechanism: the Seven Years 15.5% taxable series allotted 26 2 1994 (distinctive numbers K00000001-K00022600, Rs. 1,000 each, aggregating Rs. 2.26 crores) and the Seven Years 14% taxable series allotted 24 3 1994 (distinctive numbers K00022601-O1285000, Rs. 1,000 each, aggregating Rs. 126.24 crores), thereby specifying them for the purposes of the relevant income tax provision.

Tax exemption under section 10(23C)(v) granted subject to exclusive application of income and specified investment conditions.
Notification designates Shree Kashi Math Samsthan, Bombay as qualifying for the tax-exemption sub-clause for the stated assessment years, conditional on: (1) applying or accumulating income wholly and exclusively to its objects; (2) restricting investments to permitted forms with an exception for voluntary contributions held as jewellery or furniture; and (3) excluding business income unless incidental and recorded in separate books.

Delegation of Adjudicatory Authority: powers shifted to a designated customs collector to adjudicate specified Reliance Industries customs cases.
A statutory appointment empowers a designated customs collector to exercise the Collector of Customs' powers within the principal jurisdiction solely for adjudicating matters relating to M/s. Reliance Industries Ltd. arising from the specified show cause notice; the delegation is limited to that specific purpose and effected by notification dated 23-11-1994.

Approval under section 35AC extended for specified institutional projects, renewing tax-eligible status for listed assessment years.
Approval under the Income-tax Act is extended to Banwasi Seva Ashram, Govindpur, Sonbhadra, U.P., for the projects and schemes previously notified, on the National Committee's recommendation and pursuant to the applicable explanation and rules, because the National Committee was satisfied that the eligible projects were being executed properly; the approved status is extended for a further period covering the specified assessment years.

Amendment to section 35AC notification reduces specified villages for school construction, narrowing qualified activity scope.
The Central Government amends Notification No. S.O. 579(E) under the Explanation to section 35AC, substituting in the Table against serial number 2, column (3), the phrase "(c) Construction of school building in four villages" with "(c) Construction of school building in three villages," thereby reducing the enumerated number of villages specified for the qualified activity in that notification.

Tax deduction approvals for specified eligible projects under section 35AC enable capped deductions for contributions to listed institutions.
The notification approves named institutions and their specified projects as eligible for a tax deduction under section 35AC, listing each project's estimated cost and the maximum amount allowable as a deduction, and prescribing assessment year durations for which the approval and deductibility apply.

Customs exemption amendment expands approved importers to include travel agencies and classified hotels for air conditioned vehicles.
The notification amends the Explanation to Notification No. 73/94 Customs by substituting the phrase identifying eligible importers so that the exemption for import of air conditioned cars and coaches applies to "a Travel Agency or a Classified Hotel approved by the Director General of Tourism in the Ministry of Tourism, Government of India," thereby expressly including classified hotels alongside approved travel agencies.

Tax free bond specification: REC bond exemption conditioned on holder registration with the issuer.
The Central Government specifies 10.5 per cent tax free REC Bonds-2001 (XXVIth series) as exempt under item (h) of sub clause (iv) of clause (15) of section 10 of the Income tax Act, identifying distinctive bond ranges, face values and aggregate amount issued by Rural Electrification Corporation Limited, and conditions the admissibility of the exemption on the holder registering his name and holding with the issuing corporation.

Coastal ports designation permits specified ports to conduct coastal trade with all Indian ports, subject to port-specific cargo limits.
Notification appoints the listed ports as coastal ports under the Customs Act to carry coastal goods with all Indian ports; certain ports have port-specific commodity limitations or permissions (for iron ore pellets and raw materials, crude petroleum, boulder handling for a specific breakwater project, and exclusions for containers, project imports, hazardous cargo and liquid cargo), and the instrument has been modified by subsequent amendments altering port inclusions and cargo scope.

Land Customs Stations notification prescribes authorised border routes, limited-purpose crossings, and special rules for baggage and border haats.
Appoints specified places as Land Customs Stations and prescribes the authorised routes for import and export of goods by land or inland water under section 7 of the Customs Act, 1962. The notification covers frontiers with Bangladesh, Bhutan, China, Myanmar, Nepal and Pakistan, and links each station to the relevant road, rail, river, steamer, pipeline or other route in the schedule. It also creates limited-purpose stations for baggage, cargo, specified exports, and border haats limited to designated locally produced goods.

Customs port appointment defines port-specific authority for import unloading, export loading, specialised cargo handling, and ship-related operations.
Customs port appointment under clause (a) of section 7 of the Customs Act, 1962 designates listed ports as Customs Ports only for the stated purposes. Most ports are authorised to unload imported goods and load export goods, while others have restricted authorisations for specified commodities, crew baggage, mineral exports, coal and other identified cargo. Certain ports are authorised for ship breaking, ship manufacture or repair, and import or export of ships, barges, vessels, rigs and associated goods. Amendments insert ports and revise their permitted cargoes and operations.

Customs airports designated for unloading/load ing of imports and loading of exports, with notice rules for charter baggage.
The Central Government appoints specific aerodromes as Customs airports under section 7(a) of the Customs Act, 1962, and prescribes, by airport, the permitted customs functions-principally unloading of imported goods and loading of export goods or specified classes such as baggage, tourist-charter baggage, Nepal-origin goods, defence-related consignments, aircraft parts, and perishable produce-together with operational conditions including advance notice requirements for tourist chartered flight baggage.

Rescission of coastal ports notifications under Customs Act removes specified prior departmental instruments from administrative effect.
The Central Government, exercising the power under clause (d) of section 7 of the Customs Act, 1962, rescinds a specified list of earlier departmental notifications concerning coastal ports and Customs administration, thereby withdrawing those instruments from administrative effect and removing the legal and regulatory arrangements they established.

Customs rescission: government withdraws multiple prior notifications on import-export route designations under statutory powers.
Using powers under section 7 clauses (b) and (c) of the Customs Act, 1962, the Central Government rescinds fourteen specified Ministry of Finance/Department of Revenue notifications that had established customs routes for the import and export of specified goods by identifying each notification by number and date and declaring it withdrawn.