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Notifies "The Board of Trustees of the Temples, Charitable Institutions and Funds of the Goud Saraswat Brahman Community of Bombay" u/s 10(23C)(v)
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Charitable trust notification recognises a board under section 10(23C)(v), establishing tax-exemption status for specified assessment years.
The Central Government, under clause (v) of sub section (23C) of section 10 of the Income tax Act, 1961, notifies The Board of Trustees of the Temples, Charitable Institutions and Funds of the Goud Saraswat Brahman Community of Bombay for the purpose of that clause, specifying the assessment years to which the notification applies.
Notifies "Arulmigu Thiagarajaswami Thirukoil, Thiruvainur" u/s 10(23C)(v)
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Tax exemption under Section 10(23C)(v): notification confers recognized status on a religious institution for specified years.
The Central Government, exercising the power under clause (v) of sub-section (23C) of section 10 of the Income-tax Act, notifies "Arulmigu Thiagarajaswami Thirukoil, Thiruvainur" for the purpose of that clause, thereby recognizing the institution under the provision for the specified assessment years and recording the administrative reference for the notification.
Notifies "Indian Merchants' Chamber, Bombay" u/s 10(23C)(iv)
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Notification under Section 10(23C)(iv): Indian Merchants' Chamber recognised for specified assessment years for income tax purposes.
The Central Government, exercising powers under clause (iv) of sub section (23C) of section 10 of the Income tax Act, notifies Indian Merchants' Chamber, Bombay for the purposes of that clause, applying the notification to the assessment years 1986-87 and 1987-88.
Notifies "Indian Merchants' Chamber, Bombay" u/s 10(23C) (iv)
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Tax exemption notification under section 10(23C)(iv) recognizes Indian Merchants' Chamber for specified assessment years.
Central Government, exercising the power under 10(23C)(iv) of the Income-tax Act, 1961, notifies Indian Merchants' Chamber, Bombay as an entity covered by that clause for the assessment years 1986-87 and 1987-88, providing formal recognition for those specified years.
Exchange rate
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Exchange rate adjustment for Pound Sterling updates customs tariff valuation and takes effect to govern customs calculations.
Amendment to a Ministry of Finance customs notification substitutes the Schedule entry for Pound Sterling with a revised exchange rate for customs purposes, and declares that the new rate applies from a specified effective date to update customs valuation and related tariff schedule references.
Approved Institution Nutrition Foundation of India, New Delhi u/s 35(1)(ii)
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Approval under tax provision for scientific research grants association status subject to reporting, audited accounts, and timely renewal.
Approval is granted to the Nutrition Foundation of India as an Association eligible under the tax provision for scientific research, conditional on maintaining separate research accounts; filing annual research returns by 31 May; submitting audited accounts and balance sheet to the prescribed authority, the Central Board of Direct Taxes and the concerned Commissioner by 30 June; and applying for renewal at least three months before expiry. The approval is effective from 1 April 1987 to 31 March 1990.
Approved Institution The Research Society for the Care, Treatment and Training of Children in Need of Special Care Bombay u/s 35(1)(ii)
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Research institution approval requires separate research accounts, audited annual returns, and timely renewal applications.
Approval is granted to The Research Society for the Care, Treatment and Training of Children in Need of Special Care, Bombay, as an institution for the specified tax provision relating to scientific research, subject to conditions requiring the maintenance of a separate account for research receipts, a separate account for non-research activities, annual furnishing of prescribed research activity returns, submission of audited annual accounts and balance sheet to the prescribed authority, CBDT and the concerned Commissioner, and timely application for extension of approval.
Delegation of power of investigation and adjudication
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Delegation of investigation and adjudication authority amended to vest those powers in Director (Legislation and Adjudication).
Notification No. 93/87-C.E. amends Notification No. 20/87-Central Excises by substituting the designation "Officer on Special Duty (Bills)" with "Director (Legislation and Adjudication)" under the authority of clause (b) of section 2 of the Central Excises and Salt Act, 1944 and rule 4 of the Central Excise Rules, 1944, thereby reallocating the delegated investigatory and adjudicatory functions to that Director.
Supersession of the Notification No. S.O. 5651, dated the 4th December, 1985 u/s 193(iia) - Central Government and the State Government, the interest on which is payable to the nationalised banks mentioned below whose ratio of published profits to working funds is less point one per cent
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Designation of nationalised banks under section 193: interest on government securities payable to specified banks.
In exercise of powers under clause (iiia) of the proviso to section 193, the Central Government supersedes the earlier notification and specifies all Central and State Government securities the interest on which is payable to the listed nationalised banks by reference to their published profits-to-working-funds ratio, naming the banks to be treated as corresponding new banks for the purposes of the proviso.
Approved Institution Centre for Development of Telematics New Delhi u/s 35(1)(ii)
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Research institution approval under income tax rules requires separate research accounts and annual audited filings before renewal.
Centre for Development of Telematics, New Delhi, is approved as an Association under the income tax research provision subject to conditions: maintain separate research receipts accounts; furnish annual research activity returns to the prescribed authority by 30th April; submit audited annual accounts and balance sheet to the prescribed authority and send copies to the Commissioner by 30th June; and apply to the Central Board for extension at least three months before approval expiry.
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Insertion of sub-section (2) of section 20 Stamp Act into customs exemption notifications alters recital wording in notices.
Corrigendum directs insertion of sub-section (2) of section 20 of the Indian Stamp Act, 1899 into the first line of the recital in Notifications Nos. 10/87, 26/87, 32/87, 37/87, 39/87 and 41/87, to be placed after the words "In pursuance of" and before the words "sub-clause (i)", as published in the Gazette of India, Extraordinary.
Central Government specifies the "HDFC-12.5% Bonds (1997)" issued by the Housing Development Finance Corporation Limited, Bombay u/s 193(iib)
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Designation of specified bonds under section 193(iib) confirms HDFC bonds as covered for withholding tax provisions.
Central Government designates the HDFC-12.5% Bonds issued by Housing Development Finance Corporation Limited, Bombay, as specified securities under clause (iib) of the proviso to section 193 of the Income-tax Act, thereby identifying those bonds for the application of the statute's withholding tax framework; the action is effected by notification referenced by number and date.
Customs and Central Excise Duties drawback (Amendment) Rules, 1987
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Drawback rules amendment removes export-date timing reference, altering the temporal basis for drawback provisos under customs law.
The amendment removes the explicit temporal reference tying the provisos to the date of export by omitting the words that linked operation of the proviso to the export date in both the proviso to rule 6 and the proviso to rule 7 of the Customs and Central Excise Duties Drawback Rules, 1971, and it takes effect on publication in the Official Gazette under the relevant statutory powers.
Exemption to goods produced in Free Trade Zone and 100% export oriented undertakings from special duty
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Exemption from special duty for free trade zone and 100% export-oriented goods through government notification.
Goods produced or manufactured in a free trade zone and in a hundred per cent export-oriented undertaking are exempted from the whole of the special duty of excise leviable on them by a central government notification issued under the delegated rule-making power, applying to goods falling under the Schedule to the Central Excise Tariff Act.
Exemption from special duty
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Exemption from special duty: notification removes special excise duty on specified tariff-schedule goods under delegated powers.
By notification dated 1-3-1987, goods falling under the Schedule to the Central Excise Tariff Act are exempted from the whole of the special duty of excise leviable under the cited clause of the Finance Bill, exercised under sub rule (1) of rule 8 of the Central Excise Rules, 1944 and the Provisional Collection of Taxes Act.
Rescinding certain notifications
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Rescission of notifications: central government withdraws specified excise exemption notifications under statutory rule powers.
The Central Government, invoking powers under the Central Excise framework and the Additional Duties of Excise Act, formally withdraws seven specified prior notifications that had conferred miscellaneous excise exemptions, thereby terminating the operation of those listed exemption notifications.
Amending of 19 Notifications
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Amendment of Central Excise notifications: tariff descriptions and ad valorem duty rates revised across multiple exemptions.
Under sub rule (1) of rule 8 of the Central Excise Rules, 1944, the Central Government amends nineteen specified Central Excise notifications by directing omissions of particular schedule serial numbers, substitutions of tariff descriptions and column entries, and replacement or alteration of specified ad valorem duty rates, thereby revising the scope and terms of miscellaneous exemptions and tariff treatments enumerated in those notifications.
Rescinding of certain notifications
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Rescission of central excise notifications revokes specified miscellaneous exemption notifications under the Central Excise Rules.
The Central Government, invoking sub rule (1) of rule 8 of the Central Excise Rules, 1944, rescinds a listed series of prior Central Excise notifications that granted miscellaneous exemptions within the tariff framework, identifying each notification by number and date and withdrawing their force under the cited rule.
Revinding of Notification No. 198/86
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Notification revocation under rule 57J terminates a prior central excise exemption, rescinding the earlier notification.
The Central Government, under rule 57J of the Central Excise Rules, 1944, rescinds a prior notification issued by the Department of Revenue that had granted miscellaneous central excise exemptions, thereby withdrawing the administrative basis for that exemption and restoring the default tariff position.
Amendment to notification No. 351/86
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Excise exemption amendment broadens tariff-based coverage but excludes specific headings, altering which goods qualify as inputs or products.
Amendment under rule 57J substitutes the Table in Notification No. 351/86 to specify exempted inputs, intermediate products and final products by reference to an extensive list of tariff Chapters in the Schedule to the Central Excise Tariff Act, 1985, while expressly excluding goods falling under Heading Nos. 36.05 and 37.06.

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