Research Institution Approval requires separate research accounts, annual returns, audited accounts and timely renewal application to tax authority.
The Asthma Bronchitis and Cancer Lung Foundation is approved as an Institute under section 35(1)(ii) subject to maintaining separate accounts for scientific research, filing annual research activity returns by 30 April, submitting audited accounts and balance-sheet to the prescribed authority and the Commissioner by 30 June, and applying to the tax board for extension of approval at least three months before expiry; late applications may be rejected.

Tariff heading substitution updates customs classification for parts of stationary and industrial piston engines, altering exemption coverage.
The Central Government, invoking statutory authority and public interest, amends an earlier customs exemption notification by substituting the reference to Heading No. 84.09 with Heading No. 84.07 or 84.08, thereby changing the tariff headings that apply to parts of stationary or industrial internal combustion piston engines under the cited notification.

Exemption for castings of iron: statutory direction that duties need not be paid where non-levy practice prevailed.
Central Government directs that excise duty and the special duties of excise shall not be required to be paid on castings of iron made from waste and scrap of steel which, by an established practice, were not levied with such duties during the relevant prior period, thereby regularising the non-levy for that retrospective period.

Excise exemption for aluminium sheets: prior non-levy practice relieves payment of excise and special duty for affected manufacturing periods.
The government directs that the whole of the duty of excise and the special duty payable on specified aluminium sheets, where such duties were not levied due to an established administrative practice during the identified historical periods, shall not be required to be paid; the relief applies only to those aluminium sheets and manufacturing circumstances specified, and relieves liability that would otherwise have arisen but for the prior non-levy practice.

Excise exemption for preserved latex and related rubber products confirms non-requirement to pay historical excise duty.
The Government directed that excise duty shall not be required to be paid on preserved latex, latex concentrates, smoked rubber sheets, crepe rubber and crump rubber which, under a generally prevalent administrative practice, were not being levied to excise duty during the specified historical period prior to the Central Excise Tariff Act, 1985, thereby relieving such goods of duty that would otherwise have been payable but for that practice.

Tax notification designates Shri Arulmigu Mariamman Temple as an archaeological and historical place across Tamil Nadu.
Central Government, invoking sub section (2)(b) of section 80G of the Income tax Act, 1961, notifies Shri Arulmigu Mariamman Temple, Karuvalur, Coimbatore as a place of archaeological and historical importance throughout the State of Tamil Nadu by Notification No. S.O.2398 dated 8 5 1986, thereby formally designating its heritage status for tax purposes.

Rate of exchange updated to substitute listed currency entries, revising customs exchange-rate schedule for specified currencies.
Under authority of the Customs Act, the Central Government amends the Schedule to Notification No. 226-Cus by substituting the Schedule entries for Austrian Schillings, Belgian Francs and Swiss Francs with new rate of exchange figures, thereby updating the currency conversion entries used for customs valuation and tariff calculations.

Modvat credit: notification amended to include special duty under Finance Act, expanding duties eligible for input credit.
The Central Government, exercising powers under rule 57A of the Central Excise Rules, 1944, amends notification No. 177/86 by inserting the words "the Finance Act, 1984 (21 of 1984), and" after the phrase "special duty of excise under" in clause (ii) of the opening paragraph, thereby including that special duty among duties considered for credit under Modvat.

Excise credit portability for unutilised inputs permitted to offset duty on corresponding finished goods after amendment.
The amendment permits the credit of special duties of excise lying unutilised in a manufacturer's account immediately before commencement to be utilised after commencement towards payment of duty on finished excisable goods for the manufacture of which those materials or component parts were permitted to be brought into the factory under sub-rule (2).

Excise exemption for mohair top and mohair yarn removes duty liability when classified under specified tariff subheadings.
The Central Government exempts Mohair Top and Mohair Yarn from the whole of the excise duty leviable under the Schedule to the Central Excise Tariff Act, 1985 when classified under sub headings 5102.90 and 5105.00, by virtue of powers under sub rule (1) of rule 8 of the Central Excise Rules, 1944.

Approval for scientific research institutions requires separate research accounts, annual audited returns, and timely renewal applications.
Approval under section 35(1)(ii) is granted to Hyderabad Science Society as an "Association" subject to conditions: maintain a separate account for research receipts; furnish annual returns of scientific research activities to the prescribed authority by 30 April; submit audited annual accounts showing income, expenditure, assets and liabilities to the prescribed authority and the Commissioner of Income-tax by 30 June; and apply for extension to the Central Board of Direct Taxes at least three months before approval expiry.

Customs tariff headings updated to include additional electronic apparatus classifications and remote-control toy components under Customs Act amendment.
Amendment to a customs exemption notification substitutes additional tariff headings to broaden coverage of electrical and electronic goods and inserts specific items into the permitted list: parts suitable solely or principally for apparatus under the electronic apparatus headings and radio apparatus for the remote control of toys and their parts, thereby explicitly including those components within the notification's exemption scope.

Excise exemption for speciality oils limits duty to a specified ad valorem rate; blending-produced oils excluded unless duty charged.
Notification exempts speciality oils under specified tariff subheadings from excise duty to the extent the duty exceeds an amount calculated at a prescribed ad valorem rate, but excludes oils manufactured by blending or compounding mineral oils if excise or additional duty on those mineral oils has not been paid; speciality oil is defined as a preparation of mineral oils blended with other oils or substances for industrial use other than as a lubricant, with any lubrication function secondary.

Excise duty exemption for specified soya products removes whole excise liability for the listed tariff headings.
Exemption removes the whole of the duty of excise for goods specified by tariff sub-heading entries under the Schedule to the Central Excise Tariff Act, 1985, namely soya textured protein and soya milk, pursuant to sub-rule (1) of rule 8 of the Central Excise Rules, 1944.

Warehousing station designation enables export-oriented units to access customs warehousing benefits under the Customs Act.
Declaration under section 9 of the Customs Act designates the G.I.D.C. Industrial Estate at Panoli in District Bharuch, State of Gujarat, as a warehousing station to facilitate setting up hundred per cent export-oriented units and to permit those units to avail customs warehousing treatment and related procedural benefits under the Act.

Approval under section 35(1)(ii) confirms college research eligibility with conditions on accounts, returns and renewal.
Approval is granted to Maharashtra Academy of Engineering and Educational Research (Maharashtra Institute of Technology) as a college for research-expenditure recognition, subject to maintaining a separate account for research receipts, furnishing annual returns of scientific research activities to the prescribed authority by the annual deadline, submitting audited annual accounts and balance-sheet with copies to the concerned Commissioner of Income-tax by the stated date, and applying for extension of approval in advance of expiry.

Approved research institution status requires separate research accounts, annual returns and audited accounts submission to authorities.
Poona District Leprosy Committee is approved as an institution eligible for the Income tax research exemption under clause (ii) of sub section (1) of section 35, conditional on maintaining separate accounts for research receipts, furnishing annual returns of scientific research activities to the prescribed authority by 30th April each year, and submitting audited annual accounts and balance sheet to the prescribed authority by 30th June each year with copies to the concerned Commissioner of Income tax; the approval covers the period from 29 12 1984 to 31 3 1986.

Rate of exchange revised for Japanese Yen, updating the customs valuation basis under the Customs Act notification.
Amendment to a customs exemption notification substitutes the Schedule entry for serial No. 11, revising the prescribed rate of exchange for Japanese Yen as the operative exchange rate for customs valuation and tariff calculations under the earlier notification.

Customs exemption amendments clarify exempt medical equipment and redefine power projects, refining scope of tariff relief.
Amendments to Customs exemptions modify four notifications by deleting and substituting Schedule and Table entries to refine exempt medical and laboratory equipment descriptions, and by inserting a definition of power projects that excludes captive plants not primarily engaged in power generation; a further substitution specifies insulators for use in higher voltage electrical circuits.

Excise duty non-recovery on animal feed concentrates where prior administrative practice led to non-levy, statutory direction issued.
The Central Government, exercising power under section 11C, directs that the whole of the duty of excise otherwise payable on animal feed concentrates need not be paid where, according to a prior administrative practice, that duty was not levied on those concentrates during the identified historical period.