Tax exemption for charitable association subject to application, investment, distribution and accounting conditions.
Notification designates The Bombay Hockey Association Limited as a notified charitable entity under section 10(23), subject to conditions: income must be applied or accumulated exclusively for its objects under the modified section 11 rules; investments limited to forms permitted by section 11(5) except certain notified tangible retention of voluntary contributions; no distribution of income to members except grants to affiliated bodies; business profits excluded unless incidental to objectives and maintained in separate books.

Export to Nepal or Bhutan: Central Excise notification amended to extend export procedures and references to include Bhutan.
Amendment expands the export provision in Notification No. 150/81 C.E. by substituting references to Nepal with references to Nepal or Bhutan across the opening paragraph, conditions, Appendix I, and Appendix II. Terminology changes include replacing "Nepal" with "Nepal/Bhutan" or "Nepal or Bhutan, as the case may be," substituting "Nepalese territory" with "Nepalese or Bhutanese territory," and revising references to Nepalese customs, land customs, and government to include their Bhutanese equivalents.

Auxiliary duty amendment alters customs notification schedule by omitting an entry and inserting a replacement.
The Government, invoking statutory delegated powers under customs and finance legislation, hereby amends Notification No. 190/92-Customs by omitting S. No. 282 and its entry from the Schedule and inserting, after S. No. 311, a new S. No. 312 cross-referencing another notification.

Customs duty exemption for defence missile programme imports allowed subject to authorised centres' certified lists and use restrictions.
The notification exempts specified machinery, equipment, instruments and related items imported for the Integrated Guided Missile Development Programme by listed Authorised Work Centres from the whole of customs duty and additional duty under section 3 of the Customs Tariff Act, 1975, provided the importer produces a Director-certified list confirming the goods are required for the Programme, not manufactured in India, and that import is authorised by the Ministry of Defence for use solely in the Programme.

Tax exemption under section 35AC: contributions to a specified institution qualify for benefit for a designated infrastructure project.
Exemption under section 35AC specifies eligible projects and estimated costs for named companies; the Peerless General Finance and Investment Company Ltd. is authorised for a pedestrian overbridge at Ultadanga, with contributions from 1-4-1992 qualifying for the section 35AC benefit; the notification approves the project's balance estimated cost and remains in force for assessment years 1993-94 to 1995-96.

Section 35AC approvals designate specified institutions and projects as eligible for tax-exempt donations, limited-term notification.
Approval under section 35AC designates the listed institutions and their specified projects as eligible schemes for tax-exempt donations, naming each project and its estimated cost. The notification lists three institutions with corresponding projects and estimated project costs. It further states the notification's temporal limit, remaining in force for a three-year period applicable to the specified assessment years, thereby setting the time-bound scope for eligibility under the provision.

Tax-free railway bonds designated as qualifying instruments; tax benefit contingent on holder registration with the issuer.
Central Government specifies 10-year 9 per cent. tax-free redeemable non-convertible railway bonds of one thousand rupees each (Sixth Series) issued by the Indian Railway Finance Corporation Limited as qualifying instruments for the income-tax exemption category. The notification makes entitlement to the exemption conditional on the holder registering his name and holding with the issuing corporation.

Exemption from auxiliary duty on imported copper products where excess duty reflects toll processing and transport costs.
Exemption from auxiliary duty on imported copper wire bars, cathodes and wire rods produced from concentrates sent out for toll smelting or processing, limited to the portion of duty exceeding the ad valorem ceiling where that excess represents toll smelting/processing costs (labour, materials excluding original goods, and other payable charges) and insurance and freight both ways, subject to import within one year and sufficient evidence of origin from the toll operation.

Customs exemption for toll processed copper limits assessable duty to tolling costs, insurance and freight when conditions are met.
Exemption reduces customs duty on imported copper wire bars, cathodes and wire rods produced from concentrates sent abroad for toll smelting or toll processing to an amount representing only toll smelting/processing costs (labour, material used abroad excluding cost of exported goods, and other payable charges) plus insurance and freight both ways, subject to import within one year of export of concentrates and sufficient evidence that the imports were produced from those concentrates.

Exemption from registration covers curers (excluding coffee), wholesale dealers and brokers, and non industrial users of excisable goods.
Exemption from registration under sub rule (2) of rule 174 of the Central Excise Rules, 1944 applies to three classes: curers of unmanufactured products (excluding curers of coffee); persons carrying on wholesale trade or acting as broker or commission agent of excisable goods; and persons obtaining excisable goods for purposes other than the special industrial purposes referred to in the Central Excise Rules. Each class is a standalone ground for non registration, tying exemption to the nature of activity and the end use of excisable goods.

Cost Inflation Index specified for past financial years to determine indexed cost for capital gains.
The Central Government, exercising powers under the Explanation to the Income-tax Act provision on indexed cost, specifies Cost Inflation Index figures for financial years 1981-82 to 1992-93 based on seventy-five per cent of the average rise in the Consumer Price Index for urban non-manual employees and publishes a table mapping each financial year to its index for use in computing indexed cost of acquisition for capital gains.

Tax exemption under section 10(23C)(iv): SOS Children's Village notified; income use and investment restrictions apply.
Notification grants SOS Children's Village of India tax-exempt status for specified assessment years provided income is applied wholly and exclusively to its objects, investments are limited to modes permitted for charitable trusts (with voluntary contributions permitted as jewellery or furniture), and business income is excluded unless incidental and maintained in separate books of account.

Tax exemption under section 10(23C)(iv) notified for a charitable mission, subject to exclusive application, permitted investments, and business restrictions.
Notification under 10(23C)(iv) notifies Shree Gadge Maharaj Mission, Bombay for assessment years 1991-92 to 1993-94 subject to conditions: income must be applied or accumulated wholly and exclusively for its objects; funds (except certain voluntary contributions retained as tangible items) must be invested only in modes specified in section 11(5); and business profits are excluded unless incidental to objectives and maintained in separate books.

Excise exemption: waste of fish or aquatic invertebrates from EOUs or FTZs allowed for domestic sale exempt from excise duty.
Exempts waste of fish, crustaceans, molluscs or other aquatic invertebrates under Heading No. 05.01 from the whole of the excise duty leviable under section 3 when produced or manufactured in a 100% export oriented undertaking or a free trade zone and allowed to be sold in India.

Credit of duty on Ethyl Alcohol disallowed where input duty credit for its manufacture has already been claimed.
The amendment inserts a proviso denying credit of duty on Ethyl Alcohol used in manufacturing final products where credit of duty paid on inputs used to make that Ethyl Alcohol has already been taken under the Central Excise Rules, thereby preventing duplicate credit claims.

Section 35AC eligible projects listed by government, specifying projects, costs and a three-year validity period.
The Central Government, on the National Committee's recommendation, specifies corporate-sponsored projects as eligible projects for the section 35AC tax incentive, listing each named company with its corresponding project or scheme and the estimated cost; projects include regional development, education centres, drinking water, rural health centres and school construction. The notification is limited to a three-year period covering specified assessment years and notes an amendment altering the village count for one school-construction entry.

Section 35AC approvals list eligible institutions and specified charitable projects with estimated costs for tax incentive eligibility.
Notification under section 35AC approves specified institutions on the National Committee's recommendation and specifies the eligible projects and schemes together with their estimated costs; the approvals are declared to remain in force for a limited three year period covering specified assessment years, thereby cataloguing the institutions and projects eligible under the provision for that duration.

Excise duty exemption for intermediates used in manufacture of rifampicin; external use requires Chapter X procedural compliance.
The notification exempts from excise duty specified chemical goods falling under Chapters 28 and 29 when intended for use in the manufacture of the bulk drug Rifampicin (including its salts and esters), removing liability for the whole of the duty leviable on those inputs; where such use is outside the factory of production, the procedure in Chapter X of the Central Excise Rules, 1944 must be followed.

Excise classification change: Rifampicin exempted; other bulk drugs now subject to ad valorem duty under revised notification.
The Government amends Notification No. 31/88-C.E. to create a separate entry granting Rifampicin a nil excise rate and to subject other bulk drugs, not including specified items, to an ad valorem duty, thereby changing tariff classification and applicable duty treatment within the miscellaneous exemptions schedule.

Appointment of Customs Officers designates specified central and regional revenue officials as Collectors and subordinate Customs officers.
The Central Government designates specified revenue officials as Collectors of Customs, including two central directors with nationwide jurisdiction and regional Collectors for named local jurisdictions; it also appoints Deputy Collectors and Assistant Collectors posted under those regional Collectors to the corresponding Customs posts within their respective jurisdictions, and supersedes the earlier notification.