Customs exemption for silver allows duty-free import for the export-against-silver scheme subject to permit and bond.
Exemption applies to silver under Heading No. 71.06 imported under the notified Scheme for export of silver jewellery and articles against silver supplied by the foreign buyer, relieving such imports from the Customs duty in the First Schedule, subject to the importer holding a general or specific Reserve Bank permit and executing a bond (in form and sum specified by the Assistant Collector of Customs) to export jewellery or articles with silver content equivalent to the imported silver within the contractual or permitted extended period and to pay duty on any shortfall.

Approval under section 35(1)(ii) made time bound; institute must maintain separate research accounts and file annual audited returns.
Perpetual approval is superseded by a time-bound approval valid to 31-12-1987, conditioned on maintaining separate research accounts, filing annual returns of scientific research by 30th April, submitting audited annual accounts and balance-sheet to the prescribed authority and Commissioner by 30th June, and applying for extension to the Central Board of Direct Taxes at least three months before expiry.

Time-bound approval for research institution conditioned on separate research accounts, annual returns, audited accounts, and timely renewal application.
The perpetual approval is converted into a time-bound approval subject to maintaining a separate account for research receipts; furnishing prescribed annual returns of scientific research activities by the annual deadline; submitting audited annual accounts, income and expenditure statements, and balance-sheet to the prescribed authority and to the tax commissioner by the stated annual deadlines; and applying in advance for extension of approval, with late applications liable to rejection.

Approval under section 35CCB enables institutional recognition for afforestation programmes, subject to annual reporting and audit.
Approval under section 35CCB is granted to Vikram Sarabhai Centre for Development Interaction for the "Afforestation of Wastelands" programme for three years from 1 December 1986. The approval is subject to maintaining a separate donations account for conservation activities; furnishing annual progress reports to the prescribed authority by 30 June each year; submitting audited annual accounts and balance-sheet to the prescribed authority by 30 June with copies to the concerned Commissioner of Income-tax; and acceptance that the prescribed authority may withdraw approval, including retrospectively.

Customs notification insertion adds an exemption entry to the Schedule, amending a prior customs exemption notification.
The Central Government, under section 25(1) of the Customs Act and section 49(4) of the Finance Act, amends the Schedule to Notification No. 312/86 Customs by inserting after Serial No. 288 a new Serial No. 289 recording No. 28/87 Customs dated 27th January, 1987, thereby adding that notification entry to the Schedule of miscellaneous exemption notifications.

Customs exemption for newsprint imports reduces duty above per-tonne threshold and waives additional duty under tariff law
The Government exempts paper used for printing newspapers, books or periodicals (excluding specified specialty papers) that falls under Chapter 48 and contains at least 70% mechanical wood pulp by weight from so much of basic customs duty in excess of the amount calculated at a fixed per tonne rate and from the whole of the additional duty leviable under the Customs Tariff Act.

Exchange rate amendment updates customs conversion rates for specified foreign currencies, affecting valuation and tariff calculations.
The Central Government, invoking powers under the Customs Act, substitutes the schedule entries for Belgium Francs, Deutsche Marks, Dutch Guilders, and Swiss Francs in Notification No. 512-Cus., replacing their previous entries with updated conversion rates to be effective from 30-1-1987 for purposes of customs valuation and tariff application.

Exchange rate determination sets conversion rule for Russian rouble into Indian currency under Customs Act for customs valuation.
Determination sets the rate of exchange for conversion between the Russian rouble and Indian currency for purposes of the Customs Act, prescribing the conversion figure to be applied in customs calculations and valuation, superseding the prior notification and stating the date from which the new rate is effective.

Tariff heading amendment alters which goods qualify for MODVAT credit under the central excise exemptions entry.
Amendment under rule 57A substitutes the tariff references in the Table to Notification No. 177/86-Central Excises, replacing the earlier headings with 36.05 and 37.06, thereby changing which goods qualify for MODVAT credit under the annexed miscellaneous exemptions entry, with the substitution taking effect on the notified commencement date.

Tariff amendments revise excise notification classifications, substituting tariff headings and aligning exemption coverage and nomenclature.
The Government, under the Central Excise Rules, 1944, amends fifty existing Central Excise notifications by substituting specified tariff headings and sub headings, altering heading descriptions to include sub headings, omitting certain entries, and inserting revised classification ranges; these textual substitutions in the annexed Table update exemption classifications and take effect on the notified date in February 1987.

Appointment of commencement date: clause of Central Excise Tariff Amendment Act takes effect on government appointed date.
By notification dated 23 January 1987, the Central Government, under clause (b) of Section 2 of the Central Excise Tariff (Amendment) Act, 1986, appoints the 10th day of February, 1987 as the operative commencement date for that clause, thereby giving effect to the specified provision from the government appointed date.

Rescission of exemption notification: prior Central Excise notification withdrawn under rule eight authority, altering tariff exemption framework.
Notification No. 10/87-C.E., dated 23 January 1987, rescinds Notification No. 280/82-Central Excises dated 24 November 1982 under the authority of sub-rule (1) of rule 8 of the Central Excise Rules, 1944, thereby withdrawing the earlier miscellaneous exemption provided by the 1982 notification.

Import certificate requirement: importers must produce technical development certification proving goods are essential for exemption.
Amendment substitutes condition (ii) in Para 1 of Notification Nos. 514/86, 515/86 and 516/86 to require the importer to produce a certificate issued by a duly authorised officer of the Directorate General of Technical Development certifying that the goods are essential for the relevant project or purposes, with Notification No. 514/86 referencing the Gas Pipeline Project and the others referencing the above purposes.

Warehousing station designation enables export-oriented undertakings to access customs warehousing benefits and simplified export procedures.
Declaration of Industrial Development Area Gajulamandyam in District Chittoor, Andhra Pradesh, as a warehousing station under the Customs Act to enable the establishment of hundred per cent export-oriented undertakings and to extend customs warehousing treatment and related procedural facilitation to that area.

Warehousing station designation under Customs Act enables establishment of export-oriented units in Mannarpolleru for export activities.
Declaration under the Customs Act designates Village Mannarpolleru in Nellore District, Andhra Pradesh as a warehousing station to facilitate establishment and operation of export-oriented units, creating a customs-supervised facility to support export activity at the specified location.

Declaration of warehousing station enables customs warehousing under section 9 for Village Yelumala in Andhra Pradesh.
Declaration designates Village Yelumala in Ranga Reddy District, Andhra Pradesh, as a warehousing station under powers conferred by section 9 of the Customs Act, 1962, effecting the application of customs warehousing provisions to that locality.

Customs exemption amendment expands permitted imports to include gold jewellery and gold articles set with precious and semi precious stones.
The Central Government, exercising powers under clause (a) of section 7 of the Customs Act, 1962, amends Notification No. 75/75 Customs by substituting, for Serial No. 2 (Jaipur), Column 3, Item (b), sub item (iii): "(iii) gold jewellery and articles of gold including such jewellery and articles set with precious and semi precious stones."

Warehousing station designation enables export-oriented undertakings in Village Velu, Pune district under Customs Act notification.
Designation under the Customs Act declares Village Velu in Taluka Bhor, District Pune, Maharashtra to be a warehousing station to permit the setting up of hundred percent export-oriented undertakings, effected by Notification No. 20/87-Cus dated 23-1-1987 issued by the Central Board of Excise and Customs.

Central excise amendment removes a paragraph from prior notification, altering exemption treatment for stainless steel pattis and pattas.
The Central Government, exercising the authority under sub rule (1) of rule 8 of the Central Excise Rules, 1944, issues Notification No. 9/87-C.E. to amend Notification No. 450/86-Central Excises by omitting paragraph 2, thereby modifying the exemption provisions applicable to stainless steel "pattis" or "pattas".

Warehousing station designation: Village Jaliawas declared a customs warehousing station enabling regulated customs storage and procedures.
The Central Board of Excise and Customs, exercising the authority under section 9 of the Customs Act, has declared Village Jaliawas in Mohindergarh district, Haryana, to be a warehousing station, thereby authorizing customs warehousing operations and the regulatory regime for warehousing stations to apply to that location.