Exclusion of specified goods from job-work exemption: machines, packaging materials, and gas cylinders not covered.
The amendment inserts Explanation II to exclude from the phrase "said goods" machines and equipment used in production or processing, packaging materials subject to an exemption on their excise value, packaging materials whose cost was not included in the assessable value of final products in the preceding financial year under section 4, and cylinders for packing gases, thereby narrowing the scope of goods treated as job-work inputs under the notification.

Excise exemption for in-factory inputs applies to inputs used in manufacture, excluding machinery and nil-rated final products.
The exemption relieves specified goods manufactured and used within the factory as inputs from the whole of excise duty when used in or in relation to the manufacture of specified final products, but does not apply where the final products are exempt or chargeable at nil rate; 'inputs' excludes machines and machinery, certain packaging materials, and cylinders for packing gases.

Exemption for small scale units alters clearance value thresholds and applicable excise duty rates for first and subsequent clearances.
Amendment revises exemption rules for small scale units by setting value bands for first and subsequent clearances of specified goods, specifying that manufacturers availing input-duty credit under rule 57A pay an amount equivalent to 10% ad valorem of the Schedule duty for first clearances while others receive exemption subject to a per-heading sub-limit; subsequent clearances attract duty equivalent to 10% ad valorem with a minimum 5% ad valorem effective duty, and aggregate clearances from any factory in a financial year are capped by an overall ceiling.

Approval under section 35CCB granted to institution and programmes, subject to annual reporting, audited accounts, and withdrawal risk.
Approval is granted to the Society for Promotion of Wastelands Development and its seven named eco development programmes for the purposes of section 35CCB, valid for three years from 1 January 1986. Conditions require maintenance of a separate donations account, annual progress reports to the prescribed authority by 30 June, submission of audited annual accounts and copies to the income tax commissioner by 30 June, and acceptance that approval may be withdrawn retrospectively at the prescribed authority's discretion.

Appointment of customs commissioner: Director designated to assume concurrent commissioner duties for multiple major ports.
Under statutory authority the Central Government designates a Director in the Central Board of Excise and Customs to assume additional responsibilities as Commissioner of Customs for multiple major ports, effecting an administrative appointment and delegation of commissioner functions by assigning concurrent duties to a Board officer.

Notification under section 10(23C)(v) grants tax-exempt recognition to Kadampuzha Bhagavathi Devaswom for specified assessment years.
The Central Government has recognised Kadampuzha Bhagavathi Devaswom, Kadampuzha, under 10(23C)(v) of the Income-tax Act by notification S.O.1685 dated 27-3-1986, conferring the provision's tax treatment for the assessment years 1984-85 to 1987-88.

Rate fixation under Fourth Schedule clause (b): a new income-tax rate prescribed and made effective by central government.
The Central Government prescribes twelve per cent. as the rate referred to in clause (b) of rule 6 of Part A of the Fourth Schedule to the Income-tax Act, 1961, effective from 1 April 1986, and supersedes the earlier notification No. S. O. 466(E) dated 18 June 1985.

Customs exemption extension for computer peripheral devices prolongs applicability for supplies to research institutions.
Amendment replaces the expiry date in paragraph 2 of the miscellaneous exemption notification so as to extend the customs exemption period for computer peripheral devices intended for manufacture of computer systems to be supplied to research institutions, without changing the substantive scope or eligibility of the original notification.

Customs exemption extension for scientific imports extends validity for non-commercial research institutions' import relief under Customs Act
The Central Government amends Notification No. 70/81-Customs by substituting the figures, letters and words denoting the earlier expiry with those denoting the extended expiry in paragraph 2, thereby extending the period of the miscellaneous exemption for scientific and technical instruments imported by non-commercial research institutions under powers conferred by the Customs Act.

Rate of exchange determination under Customs Act provision fixes official foreign currency conversion rates affecting customs transactions.
Determination of official rate of exchange for specified foreign currencies under the Customs Act provision, effective 1 April 1986, superseding the earlier 1 January notification. The Central Government prescribes the units of each listed foreign currency equivalent to Rs.100 for conversion into Indian currency or vice versa, and provides a Schedule of eighteen currencies with corresponding exchange rates to be used for customs valuation and related statutory purposes.

Removal of expiry clause extends customs exemption for food processing and packing machines under amended notification.
Amendment deletes the phrase in paragraph 2 of Notification No. 125/86-Cus. that limited the notification's operation to the 31st day of March, 1986, thereby removing the temporal limitation on the customs exemption for food processing and packing machines under the prior notification.

Delegation of Central Excise powers: Anti Evasion officers empowered with corresponding excise ranks to exercise nationwide authority.
Specified officers of the Directorate of Anti Evasion (Central Excise) are appointed as Central Excise Officers and vested with the powers of corresponding Central Excise ranks-Director as Collector; Deputy Director as Deputy Collector; Assistant Director as Assistant Collector; Senior Intelligence Officer as Superintendent; Intelligence Officer as Inspector-to be exercised throughout the Territory of India, under clause (b) of section 2 of the Central Excises and Salt Act read with rule 4 of the Central Excise Rules, superseding an earlier notification.

Tax exemption notification under section 10(23C)(iv) confirms charitable status for the society for specified assessment years.
The Central Government, exercising powers under sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, notifies Churhat Children's Welfare Society as eligible under the cited provision for the specified assessment years, administratively recognizing the society's charitable status and enabling application of the statutory income-tax exemption for that period.

Extension of customs notification expiry - government extends notification validity under section seven of the Customs Act.
Central Government, invoking clause (a) of section 7 of the Customs Act, 1962, amends paragraph 2 of Notification No. 257/85 Customs by substituting the previously specified expiry date with a later date, thereby extending the notification's period of validity.

Customs notification amendment extends exemption period for denatured ethyl alcohol, substituting the earlier expiry with a later 1986 date.
The Central Government amends Notification No. 39/85-Customs (28 February 1985) by substituting the expiry wording in paragraph 2, replacing the previously specified expiry date with a later expiry date, thereby extending the temporal effect of the exemption for denatured ethyl alcohol.

Customs amendment alters designated administrative authority for procedural oversight of imported capital goods on export.
The Central Government amends a customs notification by substituting the administrative authority named in condition (7), thereby changing the designated official responsible for procedural oversight of certain imported capital goods on export; the amendment is confined to that textual substitution and does not alter other operative terms of the original notification.

Job work exemption permits specified inputs manufactured as job work to be exempt when used or cleared for export/SEZ.
Exemption applies to specified inputs and goods manufactured as job work when used in or cleared in relation to the manufacture of final products, or cleared from the supplier's factory for use in manufacture, removal to SEZs/EOUs/technology parks, supply to international organisations, or export under bond. The supplier must give an undertaking to the Assistant/Deputy Commissioner, produce evidence of prescribed use or removal, and assume responsibility for excise liabilities on the final products. "Job work" is defined as processing of supplied raw or semi-finished goods to complete part or all of the manufacturing process.

Excise exemption: staged duty relief for specified goods in 1985-86 subject to investment and turnover caps.
Notification grants staged excise duty relief for excisable goods (except sandalwood oil) formerly under Tariff Item 68 cleared for home consumption between 1 April 1985 and 31 March 1986. Relief comprises three aggregate tiers giving full exemption on initial clearances, partial exemption on the next tier limited to duty in excess of twenty-five per cent, and further partial exemption on the subsequent tier limited to duty in excess of seventy-five per cent. Eligibility requires capital investment below a prescribed cap certified by an Assistant Collector and compliance with per-factory and manufacturer turnover exclusions; certain prior-notification eligibilities are preserved. Explanatory rules address investment valuation, exclusion of nil-rated or otherwise exempt clearances, and kiln-firing treatment for ceramic insulators.

Excise exemption for specified goods: tiered, value-based relief for clearances subject to aggregation and declaration conditions.
Exemption grants staged, value-based relief for clearances of sixty-eight specified excisable goods between 1 April 1985 and 31 March 1986: full exemption for initial clearances up to a prescribed aggregate value and graduated partial exemptions for subsequent clearance bands, with aggregation computed separately by serial number. Relief is unavailable if prior-year aggregate clearances of all excisable goods exceeded a prescribed ceiling; late-start manufacturers may obtain exemption on filing a declaration and subject to year-end aggregate limits. Valuation, exclusions for nil-rated or other exempt clearances, intra-factory input usages, and specific kiln-firing valuation rules are prescribed.

Excise exemption for paints and allied goods: reduced duty on home clearances for eligible manufacturers, subject to investment caps.
Exemption grants a reduced ad valorem excise duty of two per cent on specified pigments, paints and related goods manufactured with power and cleared for home consumption between 1 April 1985 and 31 March 1986, up to an aggregate clearance value of rupees one crore. Eligibility requires that the industrial unit's capital investment in plant and machinery not exceed rupees twenty lakhs as certified by an Assistant Collector of Central Excise; prior clearances under an earlier notification are included in the aggregate, manufacturers availing a different contemporaneous exemption are excluded, and Zinc Oxide is specifically excluded.