Regulatory powers: SEBI issues Stock Brokers and Sub-Brokers Regulations establishing a delegated regulatory framework.
SEBI, invoking powers under the Securities and Exchange Board of India Act, 1992, promulgates the SEBI (Stock Brokers and Sub-Brokers) Regulations, 1992, as a delegated regulatory instrument to govern stock brokers and sub-brokers. The regulations are notified in the Gazette of India as an official Board notification establishing the regulatory framework for these intermediaries.

Notification under section 10(23C)(v): charitable recognition subject to exclusive income application, specified investment modes and business conditions.
Notification under section 10(23C)(v) notifies The Divine Life Society for specified assessment years subject to conditions: the assessee must apply or accumulate income wholly and exclusively to its objects; restrict investments and deposits (other than certain voluntary contributions maintained as jewellery, furniture, etc.) to forms or modes specified in sub section (5) of section 11; and the notification does not apply to business income unless the business is incidental to the objectives and separate books of account are maintained for such business.

Tax exemption under section 10(23C)(v) granted subject to exclusive application of income and investment limits.
Notification under section 10(23C)(v) notifies Govind Bhavan Karyalaya as eligible for the clause's tax-exempt status subject to conditions: the assessee must apply or accumulate income wholly and exclusively to its objects; must confine investments and deposits to permitted forms for charitable funds (with limited exceptions for certain voluntary contributions held in kind); and the notification does not cover business profits unless the business is incidental and maintained in separate books of account.

Tax exemption notification under section ten twenty-three C v: institute notified with conditions on application and investment
Notification under section 10(23C)(v) recognizes Institute of Dharmsthala, Karnataka for exemption purposes, conditional on applying or accumulating income wholly and exclusively for its objects. It restricts investments or deposits to modes specified under the Act (excluding certain voluntary contributions maintained in kind) and excludes profits and gains of business from the notification unless the business is incidental to the institute's objectives and is maintained in separate books of account.

Section 80L deduction: National Savings Scheme specified as eligible scheme, enabling deduction under clause (iii) of law.
Central Government specifies the National Savings Scheme under the National Savings Scheme Rules, 1992, as a scheme qualifying for deduction under clause (iii) of sub section (1) of section 80L of the Income tax Act, 1961, by Notification No. G.S.R.820(E), effective from 1 October 1992.

Deposit scheme designation confirms National Savings Scheme's tax classification and fixes its effective application date.
The Central Government designates the National Savings Scheme under the National Savings Scheme Rules, 1992 as a deposit scheme for the purposes of subsection (2)(ix) of section 88 of the Income-tax Act by formal notification, and specifies an effective date from which this regulatory classification applies.

Excise exemption for arms and ammunition supplied to police conditional on Ministry of Home Affairs recommendation.
Exemption from central excise duty applies to arms and ammunition manufactured in an Ordnance Factory and falling under Chapter 93 when supplied to State or Union Territory Police Forces, removing excise liability for qualifying supplies; the exemption is conditional on a prior recommendation by an officer not below Deputy Secretary in the Ministry of Home Affairs specifying full description and quantity of the goods before clearance.

Exemption amendment expands covered hydrocarbons used in manufacture of specified products under central excise notification.
The central government, under Section 5A of the Central Excises and Salt Act, 1944, amends Notification No. 30/89-Central Excises by inserting two entries after Sl. No. 6 in the annexed Table. The inserted entries specify that ethane/propane mixtures and ethylene/propylene falling under Chapter 27, and mixed C4 hydrocarbons and butadiene falling under Chapter 27 or Chapter 29 of the Tariff Schedule, are included among the goods covered by the notification's table for exemption purposes.

Customs exemption amendment adds essential oils to the exemption table under the Customs Act via notification issued.
Amendment to Notification No. 203/90-Cus by Notification No. 288/92-Cus under section 25(1) of the Customs Act, 1962 inserts, after serial No. 94 in the Table to the original notification, nine new entries (serials 95-103) naming specified oils: Cintronella Oil, Jata Mansi Oil, Valerian Resionoid Oil, Eucalyptus Oil, Basil Oil, Chamomille Oil, Tagates Oil, Valerian Absolute, and Calamuc Oil.

Customs exemption amendments add material handling equipment and revise authority references to Development Commissioner in notifications.
The Government amends specified miscellaneous customs exemption notifications to add material handling equipments (fork lifts, over head cranes, mobile cranes, crawler cranes, hoists and stackers) to their exemption Tables; substitutes the designation "Export Commissioner" with "Development Commissioner" in certain paragraphs; and, in one notification, adds tools, jigs, gauges, fixtures, moulds, dies, instruments and accessories to the exemption Table.

Transhipment designation: customs airport specified to permit regulated transhipment of goods under applicable customs law provisions.
The central customs authority exercises its statutory power to designate a specific airport as authorised for transhipment of goods, formally specifying the airport for the purposes of the relevant statutory provision and thereby enabling the application of the regulatory framework and procedural controls governing transhipment operations at that location.

Customs airport amendment limits airport operations to loading exports and unloading raw materials for textile manufacture.
The Central Government amended the notification appointing certain airports as Customs Airports by substituting the Varanasi entry to permit (a) the loading of export goods or any class of such goods and (b) the unloading of imported raw materials where those materials are for manufacture of specified finished products: silk textiles and made-ups, woollen carpets, and zari embroidered goods.

Customs port appointment permits Ranpar Port to receive unloaded ethylene under statutory authority.
Ranpar Port in Ratnagiri district, Maharashtra, is designated as a customs port authorised for the unloading of ethylene, using the executive's statutory powers to appoint ports for customs purposes and to enable import-handling activities for that commodity at the named port.

Exemption from registration: manufacturers using third-party fabricators exempt if authorised fabricator completes excise formalities and discharges liabilities.
Exemption from registration is available where a manufacturer gets goods produced by another and authorises that producer to comply with all procedural excise formalities; the manufacturer must furnish information necessary for value determination including selling price, and the authorised producer must agree to discharge all liabilities under the excise law and rules in respect of those goods.

Exemption from registration: amendments revise Form wording to specify home consumption and remove percentage qualifier.
The Central Board directs amendments to two prior Central Excise notifications by altering the Forms: inserting the phrase for home consumption after "cleared" in paragraph 2 of one Form, and deleting the percentage-based qualifying words from paragraph 2 of the other Form, thereby changing the operative wording of those notifications.

Delegation of Central Excise authority: Collector of Customs empowered to investigate and adjudicate assigned cases in export processing zones.
The Central Board of Excise & Customs invests the Collector of Customs, Delhi with the powers of a Collector of Central Excise to be exercised in the NOIDA Export Processing Zone, NOIDA (U.P.) for the purposes of investigation and adjudication of such cases as may be assigned to him by the Board under the Central Excises and Salt Act and Central Excise Rules.

Annuity plans specified: Jeevan Dhara and Jeevan Akshay recognised as eligible under the income tax annuity provision.
Central Government specifies the Jeevan Dhara and Jeevan Akshay plans of the insurer as the annuity plans for the purposes of the income tax annuitization provision, based on filings under the Insurance Act and Insurance Rules; the specification is deemed effective from 1 April 1992.

Auxiliary duty amendment adds a new notification entry to the customs exemption schedule under Notification 190/92.
The Central Government, invoking statutory powers under the Customs Act and the Finance Act on public interest grounds, amended Notification No. 190/92 by adding Notification No. 285-Customs dated 7th October, 1992 as Serial No. 319 to its Schedule, thereby updating the list of miscellaneous customs exemption notifications.

Customs exemption for fire services equipment permitted, contingent on official certification confirming firefighting necessity.
Exempts specified firefighting equipment and related spares imported by Central, State, Union Territory or local fire services from the whole of customs duty in the First Schedule and the whole of the additional duty under section 3 of the Customs Tariff Act, subject to production at clearance of a certificate from an officer not below the rank of Deputy Secretary in the Ministry of Home Affairs confirming the goods are required for firefighting and recommending the concession. The notification lists eligible items and states a defined period of validity.

Excise duty non-recovery for ammonium nitrate fuel oil manufactured in cement sheds within mine precincts during a specified past period.
A central government direction provides that the whole of the excise duty that would have been payable on Ammonium Nitrate Fuel Oil, manufactured by cement factories in sheds within mine precincts and intended for use in mines, shall not be required to be paid in respect of such product on which duty was not levied during the period when a prevailing administrative practice operated (from 28 February 1986 to 26 July 1988).