Customs exemption for plain felt sheets limits payable duty when imported for manufacture of card clothing, subject to undertaking.
Exemption for plain felt sheets imported for manufacture of card clothing limits customs duty to an amount calculated at forty per cent ad valorem; excess duty is exempted. The exemption is conditional on an undertaking to the Assistant Collector of Customs that the goods will be used for the specified purpose, and requires payment on demand of the difference between duty otherwise leviable and duty already paid if the undertaking is breached.

Customs exemption caps duty on imported acetate filament yarn at an ad valorem rate, exempting excess charges.
The government exempts imported acetate filament yarn from so much of the customs duty as exceeds an amount calculated at a specified ad valorem rate, thereby capping the payable duty on that tariff-classified yarn and relieving importers from the excess duty.

Excise exemption for roasted coffee seeds and coffee powder removes duty under specified tariff heading.
Roasted coffee seeds and coffee powder falling under Sub heading No. 0901.90 of the Central Excise Tariff Act, 1985 are exempted from the whole of the duty of excise leviable thereon, under the powers conferred by sub rule (1) of rule 8 of the Central Excise Rules, 1944.

Credit restriction to indigenous inputs limits input credit and requires certificate for imported palm oil; rebate entries amended accordingly.
The amendment substitutes condition (v) to limit credit to indigenous inputs, requiring manufacturers to produce documents on demand and, for palm oil, to obtain within five months a certificate from an authorized Directorate officer confirming indigenous origin; it also revises rebate entries in the Table by substituting a revised entry against an existing serial number and inserting new serial entries for solvent-extracted sunflower oil, solvent-extracted sanflower oil, and palm oil with specified rebate amounts, and separately replaces the Table entry for the first serial entry of the other notification with a revised figure.

Customs exemption for raw wool: imports by handloom cooperatives and state handloom corporations relieved from scheduled customs duty.
The central government exempts raw wool under Customs Tariff heading 51.01, when imported into India by a Registered Apex Handloom Co-operative Society or a State Handloom Development Corporation, from the whole of the customs duty specified in the First Schedule to the Customs Tariff Act, 1975, exercised under statutory powers in the public interest.

Customs exemption for specified pesticide intermediates caps import duty for actual users manufacturing listed pesticides.
Exemption limits customs duty on six Chapter 29 pesticide intermediates imported by actual users for manufacture of specified pesticides, capping the portion of duty leviable under the First Schedule at an amount calculated at the rate of 15 per cent ad valorem and tying eligibility to importation by actual users and declared use in producing the listed pesticides.

Rebate on blended and packet tea: rebate capped by excise duty paid, with revised registration and documentation requirements.
A new proviso caps rebate claims so the rebate shall not exceed the excise duty paid on the goods. Exporters must register with the Collector of Central Excise in Form A and submit documentation in Form B, which is expanded to require detailed particulars of excise duty paid on consignments, including gate pass and garden or auction lot details, duty rate, total quantity and exported quantity for each consignment.

Rebate restriction for exported tea: applies only if excise duty paid after specified date and exported directly.
Amendment replaces the Table entries for S. No. 8: column (4) now reads "The whole", and column (5) limits the rebate to tea for which excise duty was paid on or after a specified date and which is exported directly from a factory or warehouse.

Customs duty exemption for specified pesticides on import caps payable duty at a fixed ad valorem rate.
The Central Government, under sub-section (1) of section 25 of the Customs Act, 1962, exempts specified pesticide and agrochemical imports falling under Chapter 29 or Chapter 38 of the First Schedule to the Customs Tariff Act, 1975 from so much of the customs duty as exceeds the amount calculated at the rate of 25 per cent ad valorem; the notification lists fifteen named substances eligible for that exemption.

Customs exemption for drug intermediates caps ad valorem duty, subject to importer undertakings and recordkeeping.
The notification exempts specified goods in Chapters 28-30 imported for manufacture of listed bulk drugs by relieving duty in excess of a capped ad valorem rate. The exemption requires an importer undertaking that the goods will be used for the stated manufacture, maintenance of accounts as directed by the Assistant Collector of Customs, production of a certified account extract within three months (or extended period), and payment on demand of any duty differential if conditions are not met. The annexed Table specifies eligible intermediates per bulk drug and the notification preserves other existing exemptions.

Rebate for exports of unblended tea: duty refund available to registered merchant exporters subject to procedural and eligibility conditions.
Rebate on excise duty is granted for export of unblended tea by merchant exporters exported outside India (excluding Nepal and Bhutan) where duty has been paid; exporters must register and renew with the Collector, submit claims in prescribed forms with certified Bill of Lading/Shipping Bill within the statutory period, and satisfy conditions that rebate claimed does not exceed duty paid and that export value meets the Collector's satisfaction; port-wise jurisdiction and documentation requirements apply, and exporters must refund erroneously paid rebates on demand.

Set-off of special excise duty allows exemption equal to duty already paid on inputs, preventing double taxation on manufacture.
Set-off of special excise duty permits an exemption from that portion of special excise duty on finished goods equivalent to the special excise duty already paid on inputs used in their manufacture, thereby reducing output duty to the extent of duty previously discharged on specified inputs and avoiding double taxation; the exemption applies only where specific government notifications permit such relief and identify the inputs to which it relates.

Customs exemption for ivory imports requires official wildlife certification proving lawful sourcing from exporting country.
The Central Government exempts ivory, ivory powder and waste under sub-heading 0507.10 from the whole of the customs duty on importation, superseding the earlier notification, provided the importer produces a certificate from designated wildlife officials confirming the goods were procured from a source authorised by the country of exportation.

Manufacture in bond permitted for goods liable to special excise duty, subject to the same conditions as rule-based bonded manufacture.
Where manufacture in bond of specified articles from goods liable to special excise duty has been permitted under the Central Excise Rules, such bonded manufacture is also permissible for the Finance Bill clause under the provisional collection declaration, subject to the same conditions that govern manufacture in bond under the applicable rule.

Special excise duty credit under MODVAT scheme includes provisionally declared special excise duty treated as having force of law.
Credit of special excise duty paid on inputs under the MODVAT scheme is clarified by substituting clause (ii) to expressly include the special duty of excise specified in the Finance Bill, which, by declaration under the Provisional Collection of Taxes Act, has the force of law and thus falls within the duties eligible for input credit.

Rebate of special excise duty on exported goods allowed where excise rebate is permitted, subject to identical conditions.
Where goods subjected to a special duty of excise have been exported and a rebate of excise duty has been allowed on such goods, a rebate of the special duty of excise shall also be allowed, subject to the same conditions that govern the rebate of the excise duty, operating through notifications or declarations under the Central Excise Rules and related provisional finance bill provisions.

Exemption for goods in free trade zones: special excise duty waived for goods made by fully export oriented undertakings.
Exemption from the whole of the special duty of excise is granted for goods produced or manufactured in a free trade zone or by a fully export oriented undertaking, by notification under the Central Excise Rules and with reference to the Schedule to the Central Excise Tariff Act, relying on the enabling clause in the Finance Bill given provisional force of law.

Exemption from special duty of excise for specified tariff-listed goods removes the special levy on designated commodity categories.
Notification No. 8/88-C.E. uses Rule 8(1) of the Central Excise Rules and a Finance Bill provision to exempt specified goods listed by tariff heading from the whole of the special duty of excise leviable under the cited clause; the annexed table identifies covered goods including coffee, tea, certain vegetable oils and fats, sugar, kerosene, matches, and cotton fabrics.

Securities Contracts amendment removes specified clauses from rule 8 and invites public comments within the prescribed period.
The draft amends the Securities Contracts (Regulation) Rules, 1957 by omitting Clause (g) of sub rule (1) and Clause (d) of sub rule (3) of rule eight. It is published under the Central Government's rulemaking power for public notice and invites objections or suggestions before consideration. The amendments are to be called the Securities Contracts (Regulation) Amendment Rules, 1988 and will come into force on final publication in the Official Gazette.

Approval withdrawal under section 35CCB: Institute of Human Ecosystem's prior approval is rescinded with retrospective effect.
Approval granted to the Institute of Human Ecosystem, Calcutta, under section 35CCB of the Income-tax Act, 1961 is withdrawn with effect from 1-12-1985, rescinding the prior notification granting approval and causing the institute's tax-approved status to cease from that effective date.