Notification under section 10(23C)(v): tax exempt status granted to religious trust subject to application, investment, and business conditions.
Notification under section 10(23C)(v) notifies Shri Sai Baba Sansthan, Shirdi as eligible for that sub clause for the assessment years specified, subject to conditions requiring that income be applied or accumulated exclusively for the assessee's objects; investments be restricted to forms permitted by the Act (with an exception for certain voluntary contributions maintained as jewellery, furniture, etc.); and that business income is excluded unless the business is incidental and accounted for in separate books.

Double taxation treaty allocates taxing rights between India and Malta, limiting source state taxation of dividends, interest and royalties.
The Agreement sets a bilateral double taxation framework allocating taxing rights by income categories and prescribes elimination methods: resident taxation subject to source state taxing of immovable property, business profits attributable to a permanent establishment, exclusive taxation for international shipping and air transport profits, and situs/residence rules for gains. It defines resident, permanent establishment (including construction, substantial equipment and dependent agents with contracting authority) and provides withholding ceilings for dividends, interest, royalties and technical fees with beneficial owner and effective connection exceptions, together with mutual agreement, exchange of information and non discrimination procedures.

Project imports exemption extended to a pipeline project via amendment to customs notification, expanding the exemption schedule.
Amendment adds the Bombay Manmad pipeline project to the list of project imports covered by the miscellaneous exemption notification under the Customs Tariff framework, invoking delegated power and the objective of economic development to insert a new serial entry into Notification No.110/86 Customs so the pipeline project is specified as a beneficiary under the exemption scheme.

Specification under income tax provision: SAIL secured redeemable nonconvertible bonds notified as qualifying instruments for tax purpose.
Central Government notifies specified secured redeemable non convertible bonds issued by Steel Authority of India Limited as qualifying instruments under the income tax provision, listing three discrete issues distinguished by maturity, coupon characterisation, distinctive serial number ranges, face value per bond and aggregate issue value.

Commencement of customs tariff amendments: administrative appointment brings specified Finance Act changes into force under delegated authority.
The Central Government, invoking delegated authority under the Finance Act, appoints the first day of January as the date on which the amendments to the Customs Tariff Act specified in the Third Schedule to the Finance Act shall come into force, thereby giving operative effect to those Schedule changes by administrative notification.

Excise rule amendment expands packaging coverage to include crates and glass bottles used for aerated waters upon Gazette publication.
The amendment inserts a new clause in the Explanation to rule 57A expressly covering crates and glass bottles used for aerated waters, adds the conjunction "and" to the preceding clause for continuity, and provides that the Central Excise (Thirteenth Amendment) Rules, 1995 shall take effect on publication in the Official Gazette under the powers of the Central Excises and Salt Act.

Foreign Institutional Investors regulations establish SEBI's regulatory regime under the SEBI Act via 1995 notification.
The notification promulgates the Securities and Exchange Board of India (Foreign Institutional Investors) Regulations, 1995, made by the Board under the authority of the Securities and Exchange Board of India Act, 1992, and issued by formal notification dated 14 November 1995 (S.O. No.918(E)), constituting the operative regulatory basis for SEBI's oversight of foreign institutional investors.

Anti-dumping duty on acrylonitrile-butadiene rubber imports from Japan into India to counter identified dumping.
The Central Government imposed an anti-dumping duty on Acrylonitrile-butadiene rubber (NBR) exported from Japan to India, relying on the Customs Tariff Act and the anti-dumping rules after the designated authority found dumping in respect of NBR under the tariff schedule; the notification prescribes an additional duty rate per metric tonne on such imports.

Exemption for re-imported goods for repairs allows duty-free return subject to re-export, identity verification and bonded undertakings.
Exemption from customs duty and integrated tax is granted for goods re-imported for repairs, reconditioning, reprocessing, refining or remaking, subject to specified time limits, re-export obligations, identity verification by designated Customs officers, and execution of a bond undertaking that secures re-export and payment of differential duties on non-compliance; further conditions require processing in registered or bonded premises, maintenance of certified accounts, and handling of waste or operational loss under Customs supervision.

Railway goods exemption: relief applies only when intended use by the railway and ownership vesting conditions are both met.
Exemption applies only where goods are (i) intended for use by Indian Railways or Konkan Railway Corporation Limited and (ii) the ownership of the goods vests in Indian Railways or Konkan Railway Corporation Limited; the amendment substitutes the prior entry to impose these conjunctive conditions for relief under the Central Excise notification.

Housing finance company approval granted subject to compliance with section 36(1)(viii) and long term residential fund utilisation.
Approval was granted to M/s. Parashwanath Housing Finance Corporation Limited as a housing finance company under the Income tax Act for specified assessment years, subject to conformity with the Act's housing finance company provisions and the condition that not less than seventy five percent of investible funds are continuously utilised to provide long term housing finance for residential purposes.

Customs duty exemption amendment: restrictions on use and transferability of imported inputs, spares valuation limit, and release advice rule.
Amendment restricts exempted imports to use only for fulfilling the licence-holder's manufacturing and supply obligations; spares and consumables must remain in the importer's factory and cannot be loaned, transferred, sold or disposed of. Transfer of benefit to third parties requires a transferability endorsement on the licence, which cannot be granted until the supply obligation is fulfilled. Inputs are defined to include specified raw materials, components, intermediates, consumables and spares limited in value for maintenance of installed capital goods, and Release Advice will not be issued where exemption has been availed under another scheme.

Offshore mutual fund designation recognizes specified Indbank fund under tax exemption provision, conferring status for income-tax purposes.
Central Government designates Indbank Communications (Offshore) Fund as an offshore mutual fund for purposes of the Income-tax Act, based on its establishment by trust deed dated 6 September 1994 by Indbank Merchant Banking Services Limited and its approval by the Securities and Exchange Board of India.

Excise exemption for twisted filament yarn where manufacture uses inputs on which duty has already been paid.
The notification amends the Table to provide that twisted nylon filament yarn and twisted viscose filament yarn attract nil excise duty if manufactured out of corresponding filament yarn within Chapter 54 on which the appropriate excise duty or, as applicable, the additional duty under the Customs Tariff Act, 1975, has already been paid.

Interest exemption on customs duty accruals for warehoused goods cleared by hundred percent export oriented and park units.
Exemption of interest accrued on customs duties is granted for specified goods cleared from customs bonded warehouses when imported for use by hundred percent export oriented units and by units in Electronics Hardware Technology Parks and Software Technology Parks. Covered goods include capital goods, components and spares, material handling equipment, permissible office equipment as approved by competent authorities, captive power plant equipment and spares, and tools, jigs, gauges, fixtures, moulds, dies, instruments and accessories.

Effective rates of duty updated for gold and silver, specifying per-weight customs rates and scope of covered items.
Amendment substitutes a tariff table prescribing per-weight customs rates for gold and silver in any form and explains that the expressions include medallions, coins and jewellery made of those metals, excluding foreign currency coins and jewellery studded with stones or pearls.

Tariff values for aerated waters set by bottle size, prescribing fixed excise valuation per bottle for assessment.
Fixes tariff values for aerated waters containing added sugar or flavouring under the Central Excise Tariff Heading, specifying fixed per bottle excise values differentiated by three bottle capacity bands, to be applied for excise assessment in lieu of transaction values.

Public financial institution designation: Industrial Investment Corporation Limited specified by amendment under Section 4A notification.
The Central Government, under subsection (2) of Section 4A of the Companies Act, 1956, specifies an institution to be a public financial institution by substituting the entry against the relevant serial number in the earlier notification S.O. 1329 (dated 8-5-1978) with the name of the institution, thereby including it among notified public financial institutions.

Exemption under section 35AC extended: eligible rural welfare project retained following national committee recommendation.
The Central Government specifies the Sri Sathya Sai Gramin Jagriti Seva Sadan, a multi dimensional rural welfare project providing health care, education, sports, spiritual activities and vocational training at Village Darwa, Yamuna Nagar, Haryana, as an eligible project under section 35AC for a further period of three assessment years commencing from the assessment year 1996 97, following the National Committee's recommendation and noting the estimated project cost.

Client account segregation requires separate client accounts and prompt delivery/payment timelines under amended OTCEI bye laws.
Members/dealers must maintain a consolidated separate client account and distinct books to segregate clients' securities and monies; deposit and withdrawal from the client account are limited to prescribed categories while preserving members' lien rights. The bye laws impose 24 hour issuance of receipts/contract notes and two day payment/delivery deadlines for listed and permitted securities, permit discretionary margin requirements with a stated minimum and authorise close out of non compliant client positions with specified treatment of profits, losses and charges. Governance changes mandate SEBI approved board and sub Committee nominations, managing director appointment and oversight, and structured arbitration, disciplinary and default procedures.