Excise tariff changes adjust duties on radios and monochrome television sets, specifying per-set rates and exemptions by screen size.
The amendment revises Central Excise tariff entries to set duties for radios with clocks at twenty per cent ad valorem and to classify monochrome broadcast television receivers (85.28) by screen-size bands with specified per-set duties for sets not exceeding 15 centimetres, nil duty for sets exceeding 15 but not exceeding 36 centimetres, and separate per-set duties for larger sets when combined with clocks or radios. Combination entries prescribe fixed per-set duties for various accessory combinations (clock, radio, cassette, cassette-plus-radio) for the smallest screen-size band and nil-rating for certain combinations in the mid band.

Amendment to central excise notification: substitutes tariff entries for cathode ray tubes and specified television picture tubes.
The notification amends the Schedule to Notification No. 74/85-C.E., substituting the Column (2) entry at S. No. 3 to list (a) cathode ray tubes falling under the tariff subheading for tubes, and (b) cathode ray television picture tubes of screen size exceeding fifteen centimetres but not exceeding thirty-six centimetres falling under the tariff subheading for television picture tubes.

Research institution approval requires compliance with annual reporting, audited accounts and timely renewal application to authority.
Approval is granted to Nimbkar Agricultural Research Institute, Satara, under section 35(1)(ii) for the category "Association" for 1-4-1987 to 31-3-1988, conditional on maintaining separate research accounts, filing annual research returns by 31st May, submitting audited annual accounts and balance sheet to the prescribed authority, the Central Board of Direct Taxes and the Commissioner of Income-tax by 30th June, and applying for extension at least three months before approval expiry.

Research institution approval requires separate research accounts, annual returns, audited accounts, and advance renewal application.
Approval of Salgaocar Medical Research Centre as an approved institution under clause (ii) of sub-section (1) of section 35 is effective from 1-4-1986 to 31-3-1989 and conditioned on maintaining a separate account for scientific research receipts, furnishing annual returns of research activities by 31 May, submitting audited annual accounts and balance-sheet copies by 30 June to the prescribed authority, the Central Board of Direct Taxes, and the concerned Commissioner of Income-tax, and applying for extension at least three months before expiry.

Approval under section 35(1)(ii) confirms research institution status with conditional reporting and renewal obligations annually.
Approval is granted to The Society for Reconstructive Surgery Rehabilitation and Research, Bombay, as a research institution subject to maintaining separate research accounts, filing annual returns of scientific research activities by 31 May, submitting audited annual accounts and balance sheet to the prescribed authority by 30 June with copies to the Central Board of Direct Taxes and the Commissioner, and applying for extension at least three months before expiry; the approval is effective from 1 April 1987 to 31 March 1989.

Tax approval for scientific research granted, subject to separate research accounts, annual returns, audited accounts, and timely renewal application.
The Foundation for Medical Research, Worli, Bombay is approved as an Institution for tax purposes relating to scientific research, effective 1-4-1986 to 31-3-1990, subject to conditions: maintain separate accounts for research funds; file annual returns of research activities by 31 May; submit audited accounts, income and expenditure statement and balance-sheet to the prescribed authority, the tax board and the Commissioner by 30 June; and apply for extension of approval at least three months before expiry.

Appointment of Customs Officers: substitution designates Collector (Bombay), Additional Collector and Assistant Collectors for Goa.
The Central Government, under section 4(1) of the Customs Act, 1962, substitutes Item No. 5 in Notification No. 251 Customs to designate the whole of the State of Goa and to appoint the Collector of Customs, Bombay, the Additional Collector of Customs, Goa, and the Assistant Collectors of Customs, Goa, as the authorised customs officers for that area.

Notification amendment removes clause affecting warehousing exemption, altering scope of the earlier central excise notification.
Notification No. 234/87-C.E., dated 6-10-1987, made under the Central Excise Rules, 1944, amends Notification No. 266/67-C.E. by omitting Clause (h) and the entry relating thereto in paragraph 1 of the earlier notification.

Approval under section 35(1)(ii) requires institutional research recognition subject to reporting, audit and timely renewal conditions.
Sangeet Research Academy, Calcutta, is approved as an Institution under the Income-tax Act research provision on condition that it maintain a separate account for research funds, file annual returns of scientific research activities by 31 May, and submit audited annual accounts and a balance-sheet with copies to the Central Board of Direct Taxes and the concerned Commissioner by 30 June each year; it must apply for extension to the Central Board at least three months before approval expiry.

Excise exemption for polyvinyl alcohol: duty capped where produced from vinyl acetate monomer with duty paid on the precursor.
Central government exempts Polyvinyl Alcohol from excise duty in excess of an amount calculated at a specified ad valorem rate when manufactured from Vinyl Acetate Monomer. The exemption applies only if the Vinyl Acetate Monomer used has had the appropriate excise or additional duty paid, making payment on the precursor a precondition to the reduced effective duty on the finished product.

Exemption for water coolers with geyser assemblies reduces excise liability to the extent of the cooler's value component.
Exemption applies to water coolers fitted with a geyser assembly by relieving excise duty to the extent corresponding to the value component attributable to the water cooler, isolating that part of assessable value and exempting from duty so much as would be chargeable on that part.

Credit of duty on ethyl alcohol: prescribed excise credit for use in manufacture, subject to notified price and limited utilisation.
Credit is permitted for duty on Ethyl Alcohol used as raw material in the manufacture of specified finished excisable goods listed in the Table, at a prescribed monetary rate per unit. The credit is restricted to indigenous Ethyl Alcohol purchased at the notified price, with an in house molasses production exception tied to a separate notified price. Credits taken in a calendar month become utilisable only after the start of the following month and may be applied exclusively against duty on the listed final products; any excess credit is not refundable nor usable for other goods.

Central Excise amendment adjusts molasses duty threshold and substitutes the prior per-tonne exemption rate under rule 8(1).
Amendment to Notification No. 117/86-Central Excises effected by Notification No. 230/87-C.E. substitutes the figures and words "Rs. 30 per tonne" in the earlier notification with the figures and words "Rs. 60 per tonne" under the authority of sub-rule (1) of rule 8 of the Central Excise Rules, 1944.

Section 10(23C)(v) notification grants charitable status to T.V.S. Charities under Income Tax law for specified assessment years.
The Central Government, invoking its authority under Section 10(23C)(v) of the Income-tax Act, notified T.V.S. Charities, Madurai as an organization eligible for the benefits of that clause for specified assessment years, identifying the temporal scope and citing the administrative file reference for the notification.

Specified free trade zones confer 10A tax recognition for export processing zones, effective for assessments from April 1988.
Specification of section 10A free trade zones designates named export processing areas as eligible under the Explanation to section 10A of the Income-tax Act, operative for assessment years commencing on or after 1 April 1988; the notification names specific export processing zones and thereby applies the statute's tax-eligibility framework to those territorial entities.

Tax approval for scientific research institutions requires separate research accounts and annual audited returns and renewal application prior to expiry.
Approval is granted to Jaslok Hospital and Research Centre as an institution for tax purposes for scientific research, conditioned on maintaining a separate account for research funds, filing prescribed annual returns of research activities to the prescribed authority by the annual deadline, providing audited annual accounts and balance sheet copies to the prescribed authority and tax authorities within the prescribed timeline, and applying in advance for renewal before the approval's expiry.

Approval under section 35(1)(ii) requires separate research accounts, annual returns and audited accounts for research associations.
Approval under section 35(1)(ii) is granted to the Eye Research Centre, Madras, as an "Association" subject to conditions: maintain separate accounts for research receipts; file annual returns of scientific research activities by 31 May; submit audited annual accounts and balance-sheet to the prescribed authority by 30 June and supply copies to tax authorities and the concerned income-tax commissioner; and apply for extension at least three months before approval expiry, with late applications liable to rejection. The notification specifies the effective approval period for the institution.

Auxiliary duty amendment adds a notification to the Customs exemption schedule, altering tariff exemption entries.
The Central Government exercises powers under section 25(1) of the Customs Act, 1962 read with section 93(4) of the Finance Act, 1987 to amend Notification No. 207/87-Customs by inserting, after serial number 303, a new entry adding Notification No. 332/87-Customs, dated 29th September, 1987, into the Schedule of miscellaneous exemption notifications governing auxiliary duty.

Customs exemption for lithium carbonate caps import duty at an ad valorem rate and waives additional duty for aluminium manufacturers.
Lithium Carbonate imported into India for energy saving and pollution control in the manufacture of aluminium by an organisation engaged in aluminium production is exempted from so much of the customs duty as exceeds the amount calculated at an ad valorem rate of 25% and from the whole of the additional duty leviable under Section 3 of the Customs Tariff Act.

Customs amendment: substitution of tariff entry to designate dicarboxylic acid and mixtures in exemption schedule.
The Central Government amends Notification No. 386/86-Cus by substituting the Table entry for Sl. No. 4 to specify the Customs Tariff chapter references and to describe the goods as Dicarboxylic Acid and Mixtures thereof, exercising powers under the Customs Act to revise the exemption schedule's descriptive entry.