Approval under section 35(1)(ii) subjects research institutions to separate accounting and specified annual reporting deadlines.
Approval is granted to Conwest Jain Medical Research Society, Bombay, under section 35(1)(ii) of the Income-tax Act, categorising it as an Association, effective 1-4-1986 to 31-3-1988, and subject to conditions: maintain separate research accounts; furnish annual research activity returns by 30 April; submit audited accounts and balance-sheet to the prescribed authority and the Commissioner by 30 June; and apply to the Central Board for extension at least three months before expiry.

Tax exemption under income tax law confirms charitable status of Tirumala Tirupati Devasthanams for specified assessment years.
The Central Government, invoking sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961, notifies a specified charitable institution for the purpose of that provision and limits the notification to the assessment years set out in the instrument, thereby defining the temporal scope of the statutory tax recognition.

Customs exemption scope expanded to cover goods used in production or packaging for export and packaging materials.
The notification amendment broadens a customs exemption for articles destined for export to include goods used in connection with the production or packaging of goods for export, and inserts a new table entry categorising Packaging Materials as an exempt class, thereby explicitly extending procedural exemption coverage to packaging inputs and related imported capital goods used in export production.

Set off of duty on naphthalene permits reduction of excise on specified manufactured products when used as input.
Exemption permits set off of excise duty on specified final products to the extent of duty already paid on naphthalene (sub heading 2707.40) when such inputs are used in manufacture. The relief, exercised under rule 8(1) of the Central Excise Rules, applies to final products in specified Tariff Chapters by reducing duty payable on the final product by an amount equivalent to duty paid on the naphthalene inputs, conditioned on actual use of those inputs in the listed final products.

Approval under section 35CCB: institutional and programme recognition subject to annual reporting and accounting conditions.
Approval under section 35CCB was granted to Auromitra for its afforestation and agroforestry programme, valid from 1 January 1986 to 31 December 1988. Conditions require an annual progress report by 30 April, maintenance of a separate donations account for the programme, submission of audited annual accounts and a programme-specific balance-sheet by 30 June each year, and permit the prescribed authority to withdraw approvals, including retrospectively, for non-satisfaction.

Notification under charitable institutions provision grants recognition to association for income-tax purposes for specified assessment years.
Notification under sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 notifies "Wildlife Association of South India, Bangalore" for the purpose of the said section, by Notification No. S.O.3576 dated 5-6-1986, and limits the notification to the period covered by the assessment years 1986-87 to 1988-89.

Auxiliary duty amendment inserts new Schedule entry, modifying customs exemption notification and invoking Customs Act powers.
The Central Government amends Notification No. 312/86-Customs by inserting, after Sl. No. 263, a new Schedule entry Sl. No. 264 referencing Notification No. 335/86-Customs dated 5-6-1986, exercising powers under the Customs Act and the Finance Act to modify the Schedule of miscellaneous exemption notifications.

Customs exemption for filter papers permits duty-free import by tea bag manufacturers for manufacturing use.
Exemption is granted for importation of filter papers within Chapter 48 by tea bag manufacturers for manufacture of tea bags, relieving such imports from the whole of the customs duty specified in the First Schedule to the Customs Tariff and from the whole of the additional duty of customs leviable under section 3 of the Customs Tariff Act.

Approval under section 35(1)(ii) granted to Goa Cancer Society with conditional reporting and renewal obligations.
Goa Cancer Society is approved under section 35(1)(ii) as an Association for scientific research, subject to maintaining separate accounts for research receipts; furnishing annual research activity returns by 30 April; submitting audited accounts, income and expenditure statements and a balance sheet to the prescribed authority and Commissioner by 30 June; and applying for renewal to the Central Board of Direct Taxes at least three months before approval expiry.

Approval under section 35(1)(ii) grants research-related tax recognition subject to annual accounting and reporting obligations.
Approval under section 35(1)(ii) recognises Arvind Medical Research Foundation, Madurai, as an approved institution (Association) subject to maintaining a separate account for scientific research, filing annual returns of research activities by 30 April, submitting audited accounts and balance-sheet with copies to the Commissioner by 30 June, and applying for extension to the Central Board of Direct Taxes at least three months before approval expiry; the approval runs from 1 April 1986 to 31 March 1989.

Company member eligibility tightened: directors must have unlimited liability and majority be member-shareholders to join stock exchanges.
Amendment substitutes clause (4) of rule 8 of the Securities Contracts (Regulation) Rules, 1957: a company shall not be eligible to be elected as a member unless it is formed in compliance with Section 322 of the Companies Act, 1956; all its directors have unlimited liability; and a majority of its directors are members of the stock exchange and shareholders of the company.

Auxiliary duty amendment inserts a new serial entry into the Customs exemption schedule under statutory authority backing.
The Central Government, under sub-section (1) of section 25 of the Customs Act, 1962 and sub-section (4) of section 49 of the Finance Act, 1986, amends Notification No. 312/86-Customs (13 May 1986) by inserting after Serial No. 262 a new Serial No. 263 referencing Notification No. 333/86-Customs dated 3 June 1986, thereby recording an auxiliary duty entry in the Schedule to that notification.

Duty exemption for coal tar pitch caps ad valorem liability and waives the additional duty on imports.
Exemption limits customs duty on imported coal tar pitch to an ad valorem rate of 15 per cent and exempts the product from the additional duty under the Customs Tariff Act, effecting a temporary reduction of customs liabilities for coal tar pitch classified in Chapter 27 under authority of the Customs Act.

Excise duty exemption for fuel-efficient small-capacity petrol vehicles meeting prescribed mileage thresholds and certification tests.
Exemption from excise duty is granted for petrol-driven motor vehicles of engine capacity not exceeding 1000 cubic centimetres under heading 87.03, limited to duty in excess of the prescribed ad valorem rate. A vehicle qualifies only if it meets the notified fuel-efficiency kilometre per litre thresholds and is certified by a Deputy Secretary in the Ministry of Industry based on fuel efficiency tests conducted by the Vehicle Research Development Establishment, Ahmednagar or the Automotive Research Association of India, Pune under prescribed payload, fuel octane, track, speed, run averaging and environmental correction conditions.

Deemed imported material: specified inputs in exported goods treated as imported for customs classification and reliefs.
The Central Government, exercising powers under sub section (1A) of section 75 of the Customs Act, declares that the whole of the materials specified in the annexed Table, when contained in goods manufactured in India and exported outside India, shall for the purpose of sub section (1) of the said section be deemed to be imported material; the Table lists specified raw materials, metals, chemicals and polymers and the notification has a defined period of operation.

Drawback filing deadlines changed: pre-export applications allowed, shorter post-export claim period, plus de minimis threshold for trivial claims.
Rules 6 and 7 are amended to allow drawback applications at any time before export instead of within 120 days after export, with provisos replacing the 120 day reference by "the aforesaid time" and shortening the subsequent claim window from sixty to thirty days from export. New Rule 7A excludes determination of drawback where the amount would be less than two per cent of the F.O.B. value. Rule 16(4) provides transitional filing windows for exports made in the 120 days before commencement and for exports within sixty days after commencement.

Approval under section 35(1)(ii): Indian Register of Shipping recognised as Association with research accounting and reporting conditions.
Approval under section 35(1)(ii) recognises Indian Register of Shipping, Bombay as an Association for income-tax treatment of scientific research, subject to conditions: maintain separate research accounts; furnish annual research returns by 30 April; submit audited accounts and balance-sheet copies to the prescribed authority and the concerned Commissioner of Income-tax by 30 June; and apply to the Central Board of Direct Taxes for extension at least three months before approval expiry. The notification is effective from 1 April 1986 to 31 March 1988.

Approved Institution status under section 35(1)(ii) requires separate research accounts, annual returns and audited accounts filings.
Approved Institution recognition for Potash Research Institute of India requires maintenance of separate research accounts; annual returns of scientific research activities to the prescribed authority by 30th April; and submission of audited annual accounts, income and expenditure statements and a balance sheet to the prescribed authority by 30th June with copies to the Commissioner of Income-tax. The Institute must apply to the Central Board of Direct Taxes for extension of approval three months before expiry; late applications may be rejected. The approval is effective for a specified limited period.

Exemption amendment: deletion of a table entry modifies tariff notification treatment for specified goods under relevant chapters.
Under sub-rule (1) of rule 8 of the Central Excise Rules, 1944, the Central Government amends Notification No. 64/86-Central Excises by omitting the entry in column (5) of Sl. No. 3A in the Table attached to that notification, thereby modifying the exemption schedule for specified goods falling under Chapter 84 or Chapter 82.

Approval under section 35(1)(ii): research association status granted subject to separate accounts, annual returns, audited accounts, and renewal notice.
Approval under section 35(1)(ii) is granted to Aspee Research Institute, Bombay, as a research Association for the period 1-4-1986 to 31-12-1986, subject to maintaining separate accounts for scientific research, furnishing annual research returns to the prescribed authority by 30 April, submitting audited accounts and balance-sheet with copies to the Commissioner by 30 June, and applying to the Central Board of Direct Taxes at least three months before expiry for extension.