Amendment to customs notification updates listed bulk drug entries, revising the exemption schedule under delegated customs authority.
Government amends a customs exemption notification by substituting three specified bulk drug entries in the Table annexed to the principal notification, updating the nomenclature of pharmaceutical items covered by the miscellaneous exemption while maintaining the existing exemption framework.

Approval under section 35(1)(ii) grants research institution recognition subject to separate accounts, annual returns and audited accounts.
Approval under section 35(1)(ii) recognises the organisation as an Institution for research-related tax purposes, subject to maintaining separate research accounts, filing an annual research return to the Secretary, Department of Scientific and Industrial Research by 31 May each year, and submitting audited annual accounts to designated tax and research authorities by 30 June annually; the approval is effective for a specified period and requires timely application for extension through the jurisdictional Commissioner/Director.

Approval under section 35(1)(ii) requires institutions to maintain separate research accounts and submit annual audited returns.
Approval under section 35(1)(ii) recognises the Central Machine Tool Institute as an institution for research-related tax purposes, subject to maintaining separate accounts for scientific research, filing an annual research return to the Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts to the Director-General of Income-tax (Exemptions), the Secretary of the Department of Scientific and Industrial Research, and the jurisdictional Commissioner/Director of Income-tax (Exemptions) by 30 June. The approval is effective from 1 April 1991 to 31 March 1993 and requires timely application for extension prior to expiry.

Tax approval for scientific research granted to Sri Aurobindo Institute subject to separate accounts, annual returns and audited filings.
Approval granted to Sri Aurobindo Institute of Applied Scientific Research Trust as an Association for purposes of the Income-tax Act research provision, effective for the stated year, subject to conditions: maintain a separate account for scientific research receipts; furnish an annual return of scientific research activities to the Department of Scientific and Industrial Research by the prescribed deadline; and submit audited annual accounts showing income, expenditure, assets and liabilities to specified tax and departmental authorities by the prescribed yearly date. Procedures and timelines for applying for extension of approval are specified.

Tariff classification change: substitution of a tariff heading in customs notification affecting chemical item classification.
The Central Government, under Section 25(1) of the Customs Act, 1962, amends Notification No. 39/90-Customs by substituting the figures in the Table annexed to that notification: against Sl. No. 08, column (2), the previously stated figures are replaced with the substituted figures specified in this amendment, effecting a technical correction to the tariff entry for the referenced chemical heading.

Exemption of Chapter 26 goods from additional customs duty restores duty relief for specified tariff items under executive authority.
Exemption from additional Customs duty is granted for goods classified under Chapter 26, removing the whole of the additional duty leviable under Section 3 of the Customs Tariff Act by exercise of the Central Government's powers under the Customs Act in the public interest.

Footwear component exemption revised: scope narrowed and subject to restriction where input duty credit has been taken.
Amendment substitutes the table entry to redefine excise exemptions for footwear components: all component parts of footwear except soles, half soles, heels and combined soles and heels are covered, provided no input duty credit has been availed; soles, half soles, heels and combined soles and heels made of wood or leather and soles designed for sponge rubber chappals are separately identified.

Medicinal grade oxygen exemption: direct use or manufacture-based use permitted subject to prescribed procedural compliance.
The amendment exempts oxygen when used as medicinal grade oxygen directly without further manufacture, and exempts oxygen used in the manufacture of medicinal grade oxygen provided that, when such use occurs outside the factory of production, the procedural requirements of the Central Excise Rules governing such movement and use are followed.

Warehousing station designation enables establishment of export oriented units under customs law via statutory declaration.
The notification declares the village of Thavalakuppam in Ariyankuppam commune, Pondicherry, to be a warehousing station under the powers conferred by Section 9 of the Customs Act, 1962, to permit establishment of export oriented units and to give the named location the corresponding customs warehousing status.

Warehousing station designation enables customs warehousing benefits for export oriented units in the declared locality.
Under Section 9 of the Customs Act, 1962 the Central Board of Excise and Customs declares village Chembarakkam in Chengalpattu district, Tamil Nadu, to be a warehousing station to facilitate the setting up of export oriented units, enabling warehousing-related customs procedures and related regulatory facilitation within that locality.

Central Excise rule amendment updates the list of designated Collectors and appellate Collector offices upon Gazette publication.
Amendment to the Central Excise Rules substitutes sub clauses in Rule 2, clause (iia) to list specific designated Collectors of Central Excise and specified Collectors (Appeals) for particular locations, and comes into force on publication in the Official Gazette.

Research Expenditure Approval under Section 35(1)(ii) granted with mandatory accounts, annual DSIR return and audited filings.
The K.E.M. Hospital Research Centre was approved as an Institution for purposes of research expenditure under rule 6 and the income-tax provision, subject to maintaining a separate account for scientific research receipts; furnishing an annual scientific research return to the Secretary, Department of Scientific and Industrial Research by 31 May; and submitting audited annual accounts to specified tax and departmental authorities by 30 June. Approval was effective from 1 April 1991 to 31 March 1993 and includes prescribed procedures for timely application for extension.

Approval under section 35(1)(ii) requires separate research accounts, annual activity returns, and audited annual account submissions.
Approval under section 35(1)(ii) is granted to the Medical Research Centre of Bombay Hospital Trust as an Institution for the specified period, subject to maintaining a separate account for research funds, filing an annual return of scientific research activities to the Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts showing income, expenditure, assets and liabilities to the Director General of Income tax (Exemptions), the Secretary of the Department of Scientific and Industrial Research, and the jurisdictional tax authority by 30 June each year.

Approval under section 35(1)(ii) for research institution requires separate accounts, annual return and audited accounts.
Approval is granted to Maharashtra Rajya Draksha Bagaitdor Sangh as an institution under clause (ii) of sub section (1) of section 35 for 1 4 1991 to 31 3 1992, on condition that it maintain separate scientific research accounts, furnish an annual research return to the Secretary, Department of Scientific and Industrial Research by 31 May, and submit audited annual accounts to the Director General (Exemptions), the Secretary, DSIR, and the local Commissioner/Director by 30 June; procedures and timelines for applying for extension are prescribed.

Exchange rate determination for specified foreign currencies to compute stamp duty and customs valuation, effective from November 1991.
Notification No. 68/91 prescribes fixed conversion rates for specified foreign currencies as the equivalent of Rs.100 for use in calculating stamp duty under the Indian Stamp Act, 1899 and for purposes under Section 14 of the Customs Act, 1962, effective 1 November 1991, and supersedes the earlier notification No.66/91 N.T.

Tax exemption for notified charitable institution conditioned on exclusive use of income and specified investment restrictions.
Notification designates Maharashtra Gandhi Smarak Nidhi, Pune, as a notified charitable institution under section 10(23C)(iv) for specified assessment years, conditioned on applying or accumulating income wholly and exclusively to its objects, limiting investments to the forms or modes in subsection (5) of section 11 (with an exception for certain tangible voluntary contributions), and excluding business income unless incidental and recorded in separate books.

Specified securities: transfer of designated taxable bonds requires transferee notice to claim proviso withholding tax benefit.
Central Government designates the 7 year non cumulative secured redeemable 4th Series D(II) taxable bonds issued by Nuclear Power Corporation of India Limited as specified securities under the proviso to the withholding provision of the Income tax Act, and conditions transferee entitlement on the transferee informing the Corporation by registered post within sixty days of transfer.

Specification of bonds under section 80L creates tax benefit subject to transferee's obligation to notify issuer within specified period.
Central Government specifies the 7-year 13 per cent Non-Cumulative Secured Redeemable Bonds 4th Series D(II) issued by the Nuclear Power Corporation of India Limited, Bombay, as eligible under clause (ii) of sub-section (1) of section 80L of the Income tax Act, 1961; benefit on transfer by endorsement or delivery is admissible only if the transferee informs the Corporation by registered post within sixty days of transfer.

Tax approval for research institution under section 35(1)(ii) requires separate accounts and annual audited returns.
Approval is granted to the National Institute of Advanced Studies, Bangalore, as an Institution under section 35(1)(ii), subject to maintaining a separate account for scientific research, furnishing an annual return of research activities to the Secretary, Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts to specified tax and scientific authorities by 30 June. The approval is effective from 30 September 1991 to 31 March 1993 and includes directions for applying for extension through prescribed channels.

Approval under section 35(1)(iii) establishes research exemption with mandatory annual reporting, audited accounts and renewal procedure.
Approval is granted to Sri Aurobindo Society, Unit: Sri Aurobindo Institute of Research in Social Sciences, Pondicherry as an institution for purposes of clause (iii) of sub-section (1) of section 35 of the Income-tax Act, subject to maintaining a separate account for research receipts, filing an annual return of scientific research activities to the Secretary, Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts to the Director-General of Income-tax (Exemptions), the Secretary, DSIR and the relevant Commissioner/Director by 30 June.