Authorised representatives appointed to represent SEBI under appeal rules, enabling Executive Directors and General Counsel to act.
The Board designates its Executive Directors and General Counsel, and any officer authorised by them, as authorised representatives under clause (b) of rule 2 of the Securities and Exchange Board of India (Appeal to the Central Government) Rules, 1992, empowering those officers to act on behalf of the Board and to authorise other officers to perform such representative functions.

Tax exemption under section 10(23C)(v) granted to religious institution subject to application, investment and business conditions.
Notification under sub-clause (v) of clause (23C) of section 10 notifies Jagadguru Sri Sankaracharya Swamigal Srimatam Samsthanam, Kancheepuram, as eligible for the specified assessment years subject to conditions: its income must be applied or accumulated solely for its objects; investments or deposits of funds are restricted to the statutory forms or modes (excluding certain voluntary contributions held as jewellery, furniture, etc.); and profits and gains of business are excluded unless incidental to its objectives with separate books of account maintained for such business.

Tax exemption notification under section 10(23C)(iv) designates Kerala Toddy Workers Welfare Fund Board for specified assessment years.
Central Government notification designates The Kerala Toddy Workers Welfare Fund Board, Trivandrum, under section 10(23C)(iv) of the Income tax Act, 1961, applying that designation to the assessment years 1985 86 through 1987 88.

Customs exemption amendments permit Collector discretion for re export and shared use of telematic equipment for software exports.
The notifications substitute the earlier committee reference with the Inter Ministerial Standing Committee for Hundred Percent EOUs in EHTP and STP appointed by the Ministry of Industry on 22 February 1993, and insert two conditions: the Collector of Customs may, subject to prescribed conditions and permission from the Chief Executive of the STP or the Standing Committee, allow re export of goods; and imported telematic infrastructural equipment may be utilised for export of software developed by other software development units.

Amendment to customs notification adds an additional customs notification to the list of exempted references.
The Central Government, invoking sub-section (1) of section 25 of the Customs Act, 1962, amends Notification No. 155/86-Customs by substituting the text of EXPLANATION (2) to replace the prior single referenced notification with a two-item list, thereby adding an additional customs notification to the set of references governing the parts-imported-for-manufacture exemption.

Restriction on disposal of imported materials: materials under Advance Intermediate Licence must be retained and may be used for manufacture.
Amendment to Notification No. 204/92-Cus inserts a proviso to condition (vii) that materials imported against an Advance Intermediate Licence issued after 31 March 1993 shall not be disposed of after discharge of the export obligation and realisation of sale proceeds, and such materials may be utilised by the importer for manufacture of any other goods.

Restriction on transfer of imported materials: licences issued after the cutoff bar post-obligation transfers; materials may be used in manufacture.
The amendment adds a proviso restricting that materials imported against licences issued after a specified cutoff date shall not be transferred after discharge of export obligation, realisation of sale proceeds and redemption of bond by the licensing authority, and permits such materials to be used by the importer for manufacture of any other goods.

Transfer restriction on imported materials bars transfers after export obligation discharge and bond redemption; importer may use them for manufacture.
The notification proviso provides that for licences issued after the specified cut off, no transfer of materials imported under such licences shall be made until discharge of export obligation, realisation of sale proceeds and redemption of bond by the licensing authority; after those obligations are completed the materials may be used by the importer for manufacture of other goods.

Transfer restriction on imported materials: prohibits post-obligation transfers; importer may use materials for manufacture of other goods.
The amendment adds a proviso restricting transfer of materials imported under licences issued after the cutoff so that no transfer shall be made after discharge of the export obligation, realisation of sale proceeds and redemption of the bond by the licensing authority, and permitting the importer to use such materials for manufacture of any other goods.

Restriction on transfer of imported materials requires retention until export obligation, sale proceeds realisation and bond redemption.
The amendment adds a proviso that materials imported against a licence issued after 31st March, 1993 shall not be transferred until the export obligation is discharged, sale proceeds realised and the bond redeemed by the licensing authority; after those steps the importer may use the materials for manufacture of other goods.

Export treatment for software consultancy: consultancy fees in convertible foreign currency deemed exports, enabling customs exemption on imported goods.
The amendments add a provision extending customs exemption to goods imported by units developing computer software when imports are for software development for export or for providing on site software consultancy abroad, provided the unit complies with the notification conditions and follows the Collector of Customs' procedure. Consultancy fees received in convertible foreign currency for on site software consultancy abroad are deemed exports for fulfilling export obligations under the notifications.

Customs exemption for telematic equipment: allowed for STP export use, subject to certification, bond, re export and depreciation rules.
Exempts specified telematic infrastructural equipments imported for use in exporting software under the STP Hundred Percent Export Oriented Scheme from customs duty, subject to conditions: certificate from the Director of the Software Technology Park Society, exclusive use by STP units on ISP premises, execution of a customs bond imposing installation, non removal, payment of duty on non used goods and compliance with customs procedures, permission based re export, and option to clear on payment of duty on depreciated value computed by the prescribed quarterly straight line schedule; Annexure lists covered equipment.

Exemption under section 35AC approves eligible projects and institutions for tax relief over specified assessment years.
Exemption under section 35AC approves named charitable and development institutions as sponsors of specified eligible projects and prescribes the maximum approved estimated cost for each project; institutions must undertake the approved projects within the scope and cost limits set in the notification table to qualify for the income-tax exemption, and the notification fixes the period of effectiveness for approvals in relation to particular assessment years, with subsequent substitutions amending project descriptions, cost ceilings and expiry schedules.

Notification amendment under Section 35AC updates charitable institution's specified project, enabling repair and maintenance of a school.
The Central Government amends the earlier notification by substituting item (ii) for Bhoruka Charitable Trust to specify the repair and maintenance of a school in Churu District, Rajasthan as the qualifying project for that trust, to the stated monetary extent, on the National Committee's recommendation under the relevant provision of the Income-tax Act.

Section 35AC amendment: funding ceiling increased and project designation revised by Central Government under income tax notification.
The Central Government amended a Section 35AC notification to substitute the project title with Mahatma Gandhi Mission for Gram Swarajya and to increase the authorised funding ceiling for that project, by modifying the relevant entry for the named institution in the earlier notification.

Inland Container Depot designation enables Tughlakabad to handle import unloading and export loading under Customs Act authority.
Appointment of Tughlakabad as an Inland Container Depot under statutory customs authority authorizes the depot to receive imported goods for unloading and to load export goods, including any specified classes of such goods.

Tax exemption under section 10(23C)(v): charitable trust notified subject to application, investment, and business conditions.
The Central Government notifies Sri Ganapati Sachchindananda Avadhoota Datta Peetha Trust (R), Mysore under section 10(23C)(v), subject to conditions requiring that the trust apply or accumulate its income exclusively for its objects, restrict investments or deposits to forms permitted by section 11(5) (with an exception for certain voluntary contributions retained as movable assets), and exclude application of the notification to business income unless the business is incidental and separately accounted.

Tax exemption under section 10(23) granted to Sports Authority of India subject to application, investment, and distribution conditions.
Notification grants tax-exempt status to The Sports Authority of India for specified assessment years subject to conditions: application or accumulation of income exclusively for its objects in accordance with the law; restricted forms and modes of investment for funds other than voluntary contributions; prohibition on distributing income to members except as grants to affiliated bodies; and exclusion of business income unless incidental and recorded in separate books of account.

Customs port designation restricts authorized activities to loading/unloading crew baggage and specified cargo handling for export.
The Central Government, exercising powers under clause (a) of section 7 of the Customs Act, 1962, substitutes clause (i) of the earlier notification to designate the port of Redi as a customs port limited to: loading and unloading of crew baggage; unloading of metallurgical coke and coal; and loading of iron ore for export.

Exchange rate determination for export goods: notified conversion rates for specified foreign currencies govern customs conversion.
The Central Government notifies specific conversion rates for a listed set of foreign currencies into Indian currency and vice versa for purposes of the Customs Act, applicable to export goods, specifying the exchange equivalent of each listed foreign currency to Rs. 100 and declaring that these rates operate from the stated commencement date while superseding the prior notification.