Customs exemption expands life-saving drugs and equipment under Customs Act by adding specified pharmaceuticals and diagnostic items.
The notification amends the tariff exemption schedule by inserting specified pharmaceuticals and medical products into the list of life-saving drugs under heading A and adding certain implantable wires, anti-HLA sera and diagnostic kits under heading B, thereby expanding the items eligible for customs relief under the existing notification framework.

Approved research institution status affects tax deduction eligibility and compliance obligations for scientific research entities.
Approval is granted to VMA Oilseeds Research and Development Institute, New Delhi, as an approved institution for qualification under the provision for scientific research expenditure, subject to maintaining separate accounts for research receipts, furnishing annual returns of research activities by 31st May, submitting audited accounts and balance sheet to the prescribed authority and tax administration by 30th June, and applying for extension of approval at least three months before expiry.

Approval of Research Institution status requires separate research accounts, annual audited returns, and pre-expiry reapplication for extension.
World Wildlife Fund, India is approved as a research institution subject to conditions: maintain separate research accounts; file annual returns of scientific research activities by 31 May; submit audited annual accounts, income and expenditure statement and balance-sheet to the prescribed authority, central tax administration and the concerned tax commissioner by 30 June; and apply for extension of approval at least three months before expiry, with late applications liable to rejection. Approval is effective for the specified period.

Rate of exchange revised for Australian Dollars, updating customs conversion rate and substituting the prior schedule entry.
Amendment to Notification No. 329-Cus substitutes the Schedule entry at Serial No. 2 to revise the rate of exchange for the Australian Dollar, specifying a new conversion figure for customs purposes and providing an operative effective date from which the substituted schedule entry applies.

Customs exemption amendment expands covered goods to include moulds, dies and instruments under the relevant notification.
Amendment expands the Annexure entry for Sl. No. 9, column 2 by inserting the words "Moulds, Dies, Instruments" after the word "Fixtures", thereby including those items within the specified customs exemption under the notification.

Customs exemption amendment adds moulds, dies, instruments to exempted fixtures list under Customs Act by executive notification
The Central Government, under sub section (1) of Section 25 of the Customs Act, amends the Annexure to Notification No. 340 Customs/86 by inserting the words "Moulds, Dies, Instruments" after the word "Fixtures" against Sl. No. 9, thereby expanding the listed goods covered by that exemption.

Customs exemption amendment adds moulds, dies and instruments to the annexure entry under statutory powers.
The Central Government amends the Annexure to Notification No. 262-Customs/85 by inserting the words "Moulds, Dies, Instruments" after "Fixtures" against Sl. No. 9, column 2, expanding the items covered under the miscellaneous customs exemption notification, enacted under the Government's statutory powers and public interest declaration.

Customs exemption amendment adds moulds, dies and instruments to fixtures, expanding coverage under the existing exemption.
Amendment inserts the words "Moulds, Dies, Instruments" after "Fixtures" against Sl. No. 9 in the Annexure to Notification No. 263 Customs/85, enacted under the authority of sub section (1) of Section 25 of the Customs Act, 1962, to extend the exemption coverage to these additional goods.

Excise exemption for lime used in calcium carbonate manufacture confirms non payment of duty where established non levy practice applied.
Central Government directed a retrospective excise exemption for lime used as an input in the manufacture of calcium carbonate, stating that the duty that would otherwise have been payable need not be paid for the period during which a prevailing administrative practice resulted in non levy, thereby regularising the treatment of that input for that past period.

Excise exemption for rock phosphate: retrospective relief granted where administrative non-levy practice operated, relieving duty liability.
The Central Government directs retrospective relief from excise duty on rock phosphate used as a fertiliser or as an input in fertiliser manufacture where an established administrative practice resulted in non-levy, and therefore the duty that would otherwise have been payable for that historical period shall not be required to be paid.

Amendment to central excise rules adds a proviso clause specifically addressing cigarettes, altering Rule 97(1).
The notification amends the Central Excise Rules, 1944 by inserting clause (c) "on cigarettes" into the proviso at the end of Rule 97(1), effected under Section 37 of the Central Excises and Salt Act, 1944 and coming into force upon publication in the Official Gazette.

Specified bonds notification requirement: transferee must notify issuer within the prescribed period to obtain proviso benefit.
Central Government specifies 13 per cent. and 14 per cent. Secured Redeemable Non-Convertible Bonds-'B' Series-1987, issued by Indian Telephone Industries Limited, Bangalore, as covered by the proviso to section 193; the proviso benefit on transfer by endorsement or delivery is admissible only if the transferee informs the issuer by registered post within sixty days of the transfer.

Rate of exchange determination for conversion between Russian rouble and Indian currency, effective and superseding prior notification.
Determination under the Customs Act fixes the rate of exchange for conversion of one Russian rouble into Indian currency and vice versa, superseding the earlier customs notification and effective from the specified date noted in the instrument.

Excise exemption practice for body-built motor vehicles confirms excess duty need not be paid for earlier period.
The Central Government recognises that, by prevailing practice, excise on body-built motor vehicles cleared by independent body builders was levied at a nil or lower rate under Section 3 read with the March notification, and directs under Section 11C that any duty in excess of that amount shall not be required to be paid for the specified period, effectively validating the administrative practice for that timeframe.

Specified public sector bonds carry wealth tax benefit, subject to transferee notifying the issuer by registered post after transfer.
The Central Government specifies two classes of secured redeemable non-convertible bonds issued by the National Hydroelectric Power Corporation Ltd as debentures for the purposes of clause (xvie) of section 5(1) of the Wealth-tax Act, 1957: 10 year tax free 9% (B series) and 7 year 13% (B series). The tax benefit on transfer of these debentures is admissible only if the transferee informs the issuing company by registered post within sixty days of the transfer.

Specified bonds eligible under section 80L require transferee notification to preserve the tax deduction entitlement.
Central Government specifies certain secured redeemable non-convertible bonds issued in 1987 by a public hydroelectric corporation as qualifying instruments for the deduction under section 80L, bringing that class of bonds within clause (ii) of sub-section (1) for the purpose of the tax benefit.

Tax exemption for specified tax-free bonds conditioned on holder registration with the issuer to claim the benefit.
The notification designates a class of secured, redeemable, non-convertible bonds issued in 1987 as tax-exempt under the specified exemption clause; the tax benefit is conditional on the holder registering their name and holding with the issuing corporation.

Capital goods removal rules permit exit after qualifying use on payment of duty based on depreciated value.
Insertion authorises the Assistant Collector of Central Excise to permit capital goods to be removed from the Kandla Free Trade Zone to any place in India if the Board's permission to withdraw or dispose has been granted and the goods have been used in the Zone for the qualifying period, subject to payment of duty equal to the leviable amount on the goods' depreciated value at the time of clearance; the amendment also replaces the Zone definition with a list of survey numbers and precise boundary and fencing descriptions.

Exemption condition for waste and scrap of metals requires no input credit or equivalent credit debited back to qualify.
The exemption for waste and scrap of metals applies only if either no credit has been taken on the input from which such scrap has been generated under Rule 57A of the Central Excise Rules, 1944, or an amount equivalent to the credit taken, if any, has been debited back in the RG23A account or the current account maintained by the assessee.

Tariff amendment substitutes "L-Base" for "I-Base" in central excise notification, altering the schedule nomenclature.
Amends the schedule to a prior central excise notification by substituting the expression "L-Base" in place of "I-Base" against the specified serial entry, effecting a targeted change in the tariff schedule nomenclature under powers conferred by the Central Excise Rules.