Warehousing station designation allows storage of petroleum and lubricating oils under Customs Act powers for customs warehousing purposes.
Designation pursuant to section 9 of the Customs Act, 1962 declares Ambala Cantonment a warehousing station exclusively for warehousing petroleum oils and lubricating oils, limiting permitted storage at that location to those categories of goods.

Warehousing station declaration under the Customs Act designates a specified locality as an official warehousing station.
Exercising powers under section 9 of the Customs Act, 1962, a notification dated 20 April 1987 declares Village Heggasanahalli in Raichur district to be a warehousing station, effecting a statutory designation for customs warehousing and related tariff administration.

Rags, trimmings and tailor cuttings clearance allowed from Kandla Free Trade Zone subject to percentage limits set by the Board.
Amendment authorizes clearance from the Kandla Free Trade Zone of rags, trimmings and tailor cuttings arising in the course of manufacture of readymade garments, provided the percentage of such waste does not exceed the percentage fixed in this regard by the Free Trade Zone Board, and inserts a corresponding clause in paragraph 2 to permit their clearance from the zone.

Customs exemption amendment expands approving authorities to include the technical development directorate, widening administrative concurrence scope.
The Central Government amends Notification No. 41/85 Customs by inserting, in the proviso after the words Department of Electronics, the additional approving authority of the Directorate General of Technical Development in the Ministry of Industry, thereby expanding the list of entities referenced for administrative concurrence under the exemption.

Magnesite specification updated to include dead burnt magnesite meeting prescribed oxide and silica composition requirements for customs exemption.
Amendment adds that dead burnt magnesite, meeting the prescribed minimum magnesium oxide content and maximum silica content, is to be included alongside the existing bulk density criterion in the opening paragraph of Notification No. 474/86-Customs, thereby expanding the notification's defined commodity description for the relevant customs exemption.

Tariff change for aluminium ingot: duty converted from ad valorem to specific rate and notification limited in duration.
The notification amends the customs duty on aluminium ingot by substituting the previous 35% ad valorem duty with a specific duty of Rs. 3,700 per tonne and inserts a provision limiting the notification's force to the period ending 30th September, 1987, pursuant to the Central Government's powers under the Customs Act.

Central Excise exemption rates for railway rolling stock updated, replacing prior table with unit wise tariff charges.
Amendment to the Central Excise notification substitutes the Table annexed to Notification No. 452/86 by prescribing revised unit-wise excise rates for specified railway rolling stock. Under rule 8(1) of the Central Excise Rules, 1944, the Government replaces the previous tariff schedule with a list identifying goods by subheading and describing discrete units-such as DCEMU units, broad and metre gauge coaches, and various wagons-and attaches corresponding excise charges per unit, thereby fixing specified amounts for each listed class of rolling stock.

Input duty credit rules tightened: duplicate credits barred, documentary evidence required and adjustments mandated on duty variations.
The amendment prohibits credit under Rule 56A where credit for the same inputs or products has been taken under Rule 57A; refines explanatory clauses in Rule 57A; requires documentary evidence of receipt (Gate Pass, AR-1, Bill of Entry or other prescribed document) before credit can be taken under Rule 57G; mandates adjustment or cash recovery/refund of credit when input duty is subsequently varied under Rule 57E; and permits the Assistant Collector to allow credit for inputs received immediately before the Rule 57G declaration subject to conditions and exclusion for exempt or nil-rated final products under Rule 57H.

Warehousing station designation enables exclusive export-oriented unit warehousing under Customs Act authorization for specified villages.
The Central Board of Excise and Customs designates village Babanpur and village Bhassur in Malerkotla Tehsil, Sangrur District, Punjab, as warehousing stations to facilitate warehousing for exclusive export-oriented units under the Customs Act authorization.

Specified Industrial Development Bank bonds under section 54E recognized as qualifying investment for capital gains exemption treatment.
The Central Government specifies the 3 year Industrial Development Bank of India Capital Bonds issued by the Industrial Development Bank of India as meeting the requirements of the Explanation to sub section (1) of section 54E of the Income tax Act, invoking clause (d) of that Explanation and designating those bonds as the prescribed instruments for the statutory category.

Excise duty exemption for castor oil cakes from free trade zones allowed into domestic market subject to indigenous inputs and plant.
An exemption permits castor oil cakes classifiable under sub heading 2301.00 manufactured in a free trade zone to be brought into any place in India free of excise duty under the Central Excises and Salt Act, provided those castor oil cakes are manufactured from indigenous castor oil seeds on indigenous plant and machinery.

Excise duty relief for gelatine and glue flakes: excess and special duties not required where short levied under prevailing practice.
Direction that payment of the excess portion of excise duty and the whole of the special duty shall not be required in respect of gelatine and glue flakes falling under Tariff Item 15A where, due to a generally prevalent administrative practice during the specified period, such duty was short levied and the special duty was not levied, the Government exercising its statutory remission power to relieve those affected transactions.

Approval conversion under section 35(1)(ii): time-bound status imposed with specified accounting, reporting and investment compliance.
Perpetual tax approval granted to The Tuberculosis Association of India under section 35(1)(ii) is converted into time-bound approval valid to 31-3-1987, conditional on maintaining separate accounts for research receipts, furnishing annual research returns by 31 May, submitting audited accounts and balance-sheet with copies to the prescribed authority, Commissioner and Central Board by 30 June, amending investment rules to conform with statutory investment provisions, and applying for extension at least three months before expiry.

Research association approval under section 35(1)(ii) requires separate research accounts and annual audited returns to authorities.
Approval under Section 35(1)(ii) has been granted to the All India Institute of Physical Medicine and Rehabilitation Society as an Association for scientific research, subject to maintaining separate research accounts, furnishing annual returns of scientific research activities by 31 May, submitting audited annual accounts and balance-sheet with copies to the prescribed authority, CBDT and the concerned Commissioner by 30 June each year, and applying for renewal at least three months before expiry.

Approval under section 35(1)(ii) converted to time-bound approval, subject to accounting, annual returns and extension procedures.
Perpetual approval under section 35(1)(ii) for Skin Institute, New Delhi, is converted into a time-bound approval valid until the end of 1987, subject to conditions: maintain separate accounts for scientific research receipts; furnish annual research returns to the prescribed authority by 31st May; submit audited annual accounts and balance sheet to the prescribed authority and tax authorities by 30th June; and apply for extension at least three months before expiry, with late applications liable to rejection.

Approval under section 35(1)(ii) conditions institute research tax recognition on accounting, returns, audits and timely renewal.
Approval under section 35(1)(ii) recognises the institute for research-related tax purposes subject to maintenance of a separate research account and annual filing of prescribed research returns. The institute must also submit audited annual accounts, income and expenditure statements and balance sheet copies to the prescribed authority and tax administration by the annual deadline, and apply for renewal sufficiently before approval expiry to avoid rejection.

Approval under section 35(1)(iii) confirms institution status subject to separate research accounts, annual returns and audited filings.
Approval under Section 35(1)(iii) designates the Institute of Company Secretaries as an Institution for research-related tax purposes, subject to maintaining separate research accounts, filing annual research returns by 31 May, submitting audited annual accounts and balance sheet to the prescribed authority and tax authorities by 30 June, and applying for renewal at least three months before the approval's expiry.

Research approval conversion under tax law: time-bound validity requires separate accounts, annual returns, audited accounts and timely extension application.
The perpetual approval under section 35(1)(ii) is converted into a time-bound approval valid up to 31-3-1988, conditional on maintaining a separate account for research receipts; furnishing annual research activity returns by 31st May; submitting audited annual accounts and balance-sheet to the prescribed authority, the Central Board of Direct Taxes and the Commissioner by 30th June; and applying to the Central Board for extension three months before expiry, with late applications liable to rejection.

Excise exemption for copper wrought goods supplied to ordnance factories, limited to duty above prescribed cap, subject to conditions.
Exempts wrought copper plates, sheets, blanks and strips supplied to ordnance factories from excise to the extent duty exceeds a fixed per tonne amount, provided the goods are manufactured from materials supplied by the factories, the manufacturer produces a receipt certificate within a period specified by the Assistant Collector, and no credit of duty paid on the supplied materials is claimed under the rules.

Excise rate reduction for cotton fabrics: notification reduces specified excise duty rate under Central Excise Rules.
Amendment reduces the excise exemption rate for cotton fabrics by substituting in the Table to Notification No. 58/87-C.E., at S. No. 02, column (3), the words "Fifty per cent" with "Twenty-five per cent" under powers granted by the Central Excise Rules, 1944 and the Additional Duties of Excise Act, 1957.