Tax exemption under Section 10(23C)(iv) - government notification recognises a charitable institution's eligibility for specified assessment years.
Notification under Section 10(23C)(iv) designates The Muncherjee Nowrojee Banajee Industrial Home for the Blind, Bombay as a qualifying charitable institution for tax-exemption purposes, recognising its eligibility for the specified assessment years under the Income-tax Act by formal Central Government notification.

Social Security Certificates amendment updates departmental titles to Director General, Posts and Department of Posts.
The Social Security Certificates (Amendment) Rules, 1986 substitute the wording "Director General, Posts and Telegraphs" with "Director General, Posts" across specified rules and replace "Indian Posts and Telegraphs Department" with "Department of Posts" in Forms 2 and 3; the rules are made under section 12 of the Government Savings Certificates Act, 1959 and commence on publication in the Official Gazette.

Excise exemption for platinum rhodium bushings used within factory in manufacture of glass fibres under central rules.
Exemption for platinum-rhodium alloy bushings classified under Chapter 71 from the whole excise duty, subject to the condition that such bushings are used within the factory of production in the manufacture of glass fibres.

Exemption conditions for motor vehicle parts require proof of use as original equipment and compliance with Chapter X procedure.
Amendment substitutes certain tariff chapters and omits specified Table entries in a Central Excise exemption notification, and replaces the proviso to require (a) proof to the satisfaction of an officer not below Assistant Collector that the goods are intended as original equipment parts for manufacture of internal combustion engines under Chapter 84, and (b) compliance with the procedure set out in Chapter X of the Central Excise Rules, 1944 where use is outside the factory of production.

Exemption for electric storage batteries conditional on original-equipment use and prescribed procedural compliance under central excise rules.
Exemption for electric storage batteries under Chapter 85.07 is conditioned on proof to the satisfaction of an officer not below Assistant Collector that the batteries are intended as original equipment parts in the manufacture of specified Chapter 87 vehicles or tractors with limited PTO capacity, or vehicles manufactured in a Central Government Ordnance Factory, and on compliance with the Chapter X procedural requirements where use occurs outside the factory of production.

Exemption for I.C. engines as original equipment: intended use must be proven to an Assistant Collector for specified vehicle manufacture.
The notification amends the tariff exemption proviso to require proof, to the satisfaction of an officer not below the rank of an Assistant Collector of Central Excise, that specified internal combustion engines are intended as original equipment in the manufacture of certain tractors, electrically operated two and three wheeled motor vehicles, or vehicles manufactured in a Central Government Ordnance Factory.

Excise exemption for motor vehicle parts permits duty relief when proven as original equipment, subject to procedural compliance.
Exemption from excise duty for parts and accessories of motor vehicles, tractors and trailers is allowed provided it is proved to a competent Central Excise officer that the goods are intended as original equipment parts in the manufacture of internal combustion engines, motor vehicles, tractors or trailers, or their parts, and where use occurs outside the factory of production the prescribed procedural regime in the Central Excise Rules must be followed.

Correction of exempt institution name under section 10(23C): government amends temple name in earlier notification.
The Central Government, invoking the authority under the provision relating to clause (23C) of the Income-tax Act, amends Notification No. 6515 dated 29-11-1985 by replacing the name "Sree Padmanabhaswamy Temple Trust, Trivandrum" with "Sri Padmanabhaswamy Temple, Trivandrum," effecting a formal corrigendum in the notification dated 20-05-1986.

Section 10(23C)(v) notification recognises an institution for tax-exemption for specified consecutive assessment years.
The Central Government, invoking clause (23C)(v) of section 10 of the Income-tax Act, notifies The Late Ervad D. B. Mehta's Zoroastrian Anjuman Adash Adaran as recognised for the purposes of that provision for the specified consecutive assessment years, thereby designating the institution within the tax-exemption framework for the stated period.

Excise duty amendment increases the chargeable tariff component for certain paper and paperboard categories under Central Excise Rules.
Amendment to excise tariff for specified paper and paperboard categories by substituting the monetary component in Notification No. 44/86 Central Excises under sub rule (1) of rule 8 of the Central Excise Rules, 1944, replacing the previously prescribed words expressing the additional rupees per metric tonne with a higher figure, thereby altering the stated chargeable component applicable to paper and paperboard other than kraft paper, printing and writing paper.

Excise duty cap on gummed adhesive paper limits liability to a prescribed ad valorem rate; excess duty excluded.
The notification exempts gummed or adhesive paper in strips or rolls by capping excise liability: any duty in excess of the amount computed at an ad valorem rate of 15 per cent is excluded, applying to the product as classified in the tariff schedule and implemented under rule-making powers derived from the Central Excise Rules.

Exemption scope narrowed: amendment excludes gummed or adhesive paper in strips or foils from converted paperboard exemption.
The notification amends a miscellaneous exemption for converted paper and paperboard by substituting the prior exclusion wording with a new formulation that expressly excludes gummed or adhesive paper in strips or foils and specifies the tariff headings applicable to excluded papers, thereby narrowing the exemption by textual substitution under the Central Excise Rules.

Excise exemption for compressed air removes all duty leviable under the tariff classification specified in the schedule.
Notification exempts compressed air within Chapter 28 or Chapter 38 from the whole excise duty specified in the Schedule to the Central Excise Tariff Act, 1985, exercising the exemption power under the Central Excise Rules, 1944 to remit the duty otherwise leviable on such tariff-classified compressed air.

Certificate requirement for gas procurement entity conditions exemption on Joint Secretary certification and global tender supply.
Amendment expands eligible recipients for a customs exemption and requires, for the newly included gas procurement entity, a certificate from an officer not below Joint Secretary in the Ministry of Petroleum stating supply under a global tender for a specified project and that similar production facilities are not available in India except with the supplying undertaking.

Capital goods transfer: removal from export zone permitted subject to customs duty on depreciated value after approval.
Removal of capital goods from an Export Processing Zone to anywhere in India is permitted on payment of customs duty equal to the duty leviable on those goods calculated on their depreciated value at time of clearance and at import rates, where the Collector of Customs is satisfied that withdrawal or disposal outside the Zone was authorised under the Import Export Policy and the goods were used within the Zone for not less than three years.

Capital goods removal from export processing zone permitted if conditions satisfied, subject to duty on depreciated value at import rates.
Collector of Customs may allow capital goods to be taken outside an Export Processing Zone to any place in India on payment equal to the duty leviable on such goods computed on their depreciated value and at rates in force at the time of their import, provided the Madras Export Processing Zone Board authorised the withdrawal or disposal under the prevailing Import Export Policy and the goods were used within the Zone for not less than three years.

Capital goods transfer from export processing zone allowed on duty payment based on depreciated value after minimum use period.
The Collector of Customs may allow capital goods to be taken outside the Zone to any place in India where it is shown that the unit was permitted by the Zone Board to withdraw or to dispose of capital goods outside the Zone in accordance with the Import Export Policy, and that the capital goods have been used within the Zone for not less than three years, on payment of an amount equal to the duty leviable on the depreciated value of those goods at import rates.

Excise rule amendment expands covered goods to include benzene, toluene and xylene under the relevant tariff provisions.
An amendment adds benzene, toluene and xylene, classified under Chapter 29, into clause (8) of rule 173N as it relates to rule 162A, thereby expanding the list of goods treated alongside those under Chapter 27 for the specified excise provision.

Warehousing amendment adds benzene, toluene and xylene to the exempted goods list under central excise notification.
Amendment revises the opening paragraph of Notification No. 21/86 by substituting the phrase ", 27.15 and the goods of the following description, namely, benzene, toluene and xylene, falling within Chapter 29" for the prior wording "and 27.15", thereby explicitly including benzene, toluene and xylene classified in Chapter 29 within the notification's warehousing/exemption scope.

Approval under Section 35(1)(ii) conditions institute recognition on separate research accounts, annual returns, audited filings and timely renewal.
Approval under clause (ii) of sub section (1) of section 35 read with rule 6 recognizes INYS Medical Research Society as an approved institute for research, subject to maintaining separate research accounts, filing annual scientific returns by 30th April, submitting audited accounts and balance sheet to the prescribed authority and Commissioner by 30th June, and applying to the Central Board of Direct Taxes for extension at least three months before approval expiry.