Notification under section 10(23C)(iv): Export Promotion Council for Handicrafts granted exemption subject to income application and compliance.
Notification accords the Export Promotion Council for Handicrafts tax-exempt status under sub-clause (iv) of clause (23C) of section 10 for assessment years 1999-2000 to 2001-2002, conditional on applying income wholly and exclusively to its objects, restricting investments to prescribed modes (except specified voluntary contributions retained as jewellery or furniture), excluding business income unless incidental with separate books, and timely filing of income-tax returns.

Tax exemption under section 10(23C)(iv) granted to Joint Plant Committee, subject to investment, business and filing conditions.
Notification designates the Joint Plant Committee, Calcutta, as eligible under section 10(23C)(iv) for assessment years 1996-97 to 1998-99, conditional on applying income wholly and exclusively to its objects or accumulating it for that purpose, investing funds only in modes specified in section 11(5) (with limited exceptions for certain voluntary contributions), excluding business income unless incidental with separate books, and regularly filing income-tax returns under the Act.

Customs exemption scope broadened: substitution expands specified notification entry from edible oils to all goods.
The Central Government, invoking powers under sub-section (1) of section 25 of the Customs Act, amends Notification No.16/2000 Customs by substituting the words "Edible Oils" with the words "All goods" against S.No.28 in the notification Table, thereby broadening the scope of that table entry.

Exemption for parts of air-conditioning machines: central excise duty removed, extending nil-rate treatment to specified components.
The government amended a central excise notification to substitute an entry providing a nil rate for preparations used in the manufacture of aerated waters supplied directly to bottling plants (other than vending machines), and inserted a new entry granting a nil rate exemption for parts of air-conditioning machines under the relevant tariff heading.

Excise duty non-levy on vending-machine aerated waters: no payment required where past practice prevented levy.
The Government, satisfied that a practice of non-levy existed for aerated waters prepared and dispensed by vending machines classified under the specified tariff headings, directed under section 11C that excise duty chargeable under section 3 shall not be required to be paid in respect of such aerated waters for the historical period during which the duty was not levied in accordance with that practice.

Delegation of adjudicating power: Commissioner of Central Excise, Lucknow authorised to investigate and adjudicate assigned cases nationwide.
The notification invests the Commissioner of Central Excise, Lucknow with adjudicating powers to exercise the functions of the Commissioner of Central Excise throughout India for the investigation and adjudication of cases assigned by the Central Board, under the Central Excise Act and the Central Excise Rules.

Company Law Board application fees increased under amendment, raising prescribed filing fees and revising Schedule entries.
Amendment revises prescribed filing fees in the Schedule to the Company Law Board (Fees on Applications and Petitions) Rules, 1991 by substituting new figures in column 4 for multiple schedule entries, specifying for each listed serial number the previous figure and the replacement figure, and bringing the Amendment Rules, 2000 into force on the appointed commencement date.

Remuneration ceiling for managerial persons set where company has no or inadequate profits; limits vary by effective capital.
Where a company has no profits or inadequate profits during a managerial person's tenure, it may pay salary, dearness allowance, perquisites and other allowances subject to a prescribed overall annual ceiling and corresponding monthly maxima. These limits are to be applied according to a scale linked to the company's effective capital, with progressive monthly caps across five capital bands substituted into para 1 of section II of Part II of Schedule XIII.

Appropriate and Special Duty condition added for goods made from specified yarn where duty paid and no credit claimed.
The notification amends an existing central excise notification by inserting entry 17A in the Table and adding Condition 17A in the Annexure, providing that goods manufactured from the specified yarn qualify only if duty (appropriate, special, or additional) has already been paid on that yarn and no credit for that duty has been taken under the relevant Central Excise Rules.

Restriction on securities contracts requires prior board permission, allowing only specified spot, delivery and exchange-traded instruments.
Restriction on entry into contracts for sale or purchase of securities across India requiring prior permission from the Board except for spot delivery, cash, hand delivery, special delivery and permissible derivative contracts under the securities statutes and exchange bye-laws. Exchange-traded government securities, gold-related securities, money market securities and ready forward contracts in debt securities are permitted only when entered on a recognised stock exchange and in conformity with securities law rules and directions, Reserve Bank rules and guidelines, and RBI notifications under the Securities Contracts (Regulation) Act.

Rescission of notification under Section 16 of the SCRA cancels the earlier government notification and its amendments.
Central Government rescinds, under the exercise of powers conferred by Sub-section (1) of Section 16 of the Securities Contracts (Regulation) Act, 1956, the earlier Government of India notification S.O. 2561 dated 27 June 1969, thereby terminating the operative effect of that notification as published in the Gazette and revoking the instrument and its subsequent amending entries.

Reserve Bank authority over specified securities contracts expanded, with concurrent compliance obligations under SEBI and RBI frameworks.
The amendment delegates to the Reserve Bank of India the Central Government's powers under section 16 of the Securities Contracts (Regulation) Act for contracts in government securities, money market securities, gold-related securities, securities derived therefrom, and ready forward contracts in bonds, debentures, debenture stock, securitised debt and other debt securities; such contracts on recognised stock exchanges must comply with rules and directions issued under the Securities Contracts (Regulation) Act and SEBI Act, with rules/guidelines/directions issued by the Reserve Bank under its enabling statutes, and with RBI notifications under the Securities Contracts (Regulation) Act.

Concessional duty exemption for Sri Lankan origin imports subject to origin proof and apparel quantity limits.
Concessional duty exemption under Notification No. 26/2000 reduces a specified portion of the applied customs duty for listed Sri Lankan origin goods imported from Sri Lanka, subject to proof of origin under the FTA origin determination rules and any procedural directions by the Government of India. Apparel in LIST 3 is subject to annual import quantity caps and certain subgroup caps; for S.No.1 in LIST 3 the duty after concession is the higher of the ad valorem or specific rate. The Table and Annexure set tariff lines receiving varying concession percentages and identify exclusions.

Exemption from customs surcharge removes surcharge on imports of goods listed in the First Schedule under Finance Act authority.
The notification exempts all goods specified in the First Schedule to the Customs Tariff Act, 1975, when imported into India, from the customs surcharge leviable under the Finance Act, 1999, effected by exercise of powers under section 25(1) of the Customs Act, 1962 and the corresponding provision of the Finance Act, 1999 as a public interest measure.

Rescission of prior customs exemption notification under Customs Act powers withdraws earlier exemption published in official gazette.
The Central Government, invoking powers under the Customs Act and the Finance Act, rescinds Notification No. 58/99 Customs previously published in the Official Gazette, thereby withdrawing the earlier miscellaneous exemption instrument and altering the applicable customs exemption position.

Rescission of customs notification under section 3A: government withdraws earlier exemption notification in public interest.
The Central Government, invoking section 3A of the Customs Tariff Act, 1975, rescinds an earlier exemption notification published in the Official Gazette, recording that the government is satisfied the rescission is necessary in the public interest and formally withdrawing the specified exemption notification issued by the Ministry of Finance (Department of Revenue).

Rescission of Customs Notifications removes specified exemption orders using statutory power as necessary in public interest.
Rescinds Notification No. 53/96-Customs and Notification No. 20/99-Customs by exercise of powers under sub-section (1) of section 25 of the Customs Act, 1962, as necessary in the public interest, thereby withdrawing those miscellaneous exemption notifications and citing their Official Gazette publications.

Customs tariff amendment adds a pipeline infrastructure project to the exemption list, expanding customs relief for development.
The Central Government, exercising tariff powers under the First Schedule to the Customs Tariff Act, 1975, substitutes serial number 18 in the principal exemption notification with the entry "Vishakh - Vijaywada - Secunderbad Pipeline Project," thereby updating the list of projects covered by the exemption regime on grounds of economic development.

Rescission of excise notification under rule 57A withdraws a prior exemption and restores the earlier tariff position.
The Central Government, exercising power under rule 57A of the Central Excise Rules, 1944, rescinds Notification No. 58/97 Central Excise (N.T.), dated 30 August 1997 (published as G.S.R. 500(E)), on grounds of public interest. Notification No. 20/2000 declares that the earlier miscellaneous exemption is withdrawn and that the rescission takes effect on and from 1 April 2000, thereby restoring the prior tariff position affected by the 1997 notification.

Customs exemption amendments expand duty-free imports for blind aids, research imports and adjust tariff lists accordingly.
The Central Government, under section 25(1) of the Customs Act, 1962, directs amendments to specified customs exemption notifications by inserting a new duty-free entry for tangible appliances, vocational aids and specially designed articles for the blind when imported for personal use; broadening eligible security forces for bomb-detection imports; adding parts, consumables and live animals for experimental purposes subject to prescribed certificates; inserting specified knitting machinery; and omitting, substituting and inserting multiple schedule entries across Lists A, B and C to clarify tariff and item descriptions.