Duty exemption for EOU and FTZ clearances limited to excise equal to customs duty for newer licences.
The amendment substitutes the Export and Import Policy reference to permit para 64 or 65 and inserts a proviso limiting the exemption for clearances against advance release orders under duty free import licences issued on or after 1 April 1995: the exemption shall apply only to that portion of excise duty under section 3 of the Central Excises and Salt Act, 1944 equal to the customs duty specified for like goods in the First Schedule to the Customs Tariff Act, 1975.

Exemption under section 35AC: approval of corporate-funded school construction projects enabling tax deduction for specified eligible projects.
Approval under section 35AC designates the named company and specifies an eligible project-construction of school buildings in ten identified villages-together with the estimated project cost and the maximum amount of that cost allowable as a deduction under section 35AC, and limits the approval's operation to the three assessment years specified in the notification.

Appointment of Customs Officers: amendment removes a zone-adjacent territorial extension from prior notification, narrowing designated appointment area.
The amendment deletes the words and figure extending Notification No. 250/83-Customs to include "the area within a radius of 8 kilometers all around the Zone" from item 3, sub-item (a), column (1) of the Table, thereby removing that territorial extension from the notification.

EPCG Scheme amendment substitutes "receiving payments" for the prior phrase, changing the territorial scope of covered receipts.
Amendment to the EPCG Scheme notification substitutes the words "receiving payments" for "receiving payments from abroad" in the Explanation to clause (v), thereby altering the territorial qualifier in the clause and the scope of receipts captured by that Explanation under the notification.

Exemption withdrawal for monitors used in manufacture under Customs Act revokes a prior notification entry affecting imports.
Withdrawal of the exemption for monitors used in the manufacture and maintenance of specified goods and spare parts by omitting S. No. 26 from the table annexed to Notification No. 93/95 Customs, effected by amendment under sub section (1) of section 25 of the Customs Act, 1962 on public interest grounds.

Specified unit trust schemes designated for withholding under income tax facilitate prescribed plan-based payments to unitholders.
The Central Government specifies certain Unit Trust of India Monthly Income, Growing Monthly Income and Deferred Income schemes as specified schemes under section 194K(2)(iii), listing each scheme with its subscription period and redemption date to identify arrangements for plan based payments to unitholders subject to the withholding regime.

Deduction of tax from professional/technical fees: Form 13E application authorises payer on withholding based on declared income.
Rule 28(5) requires an application in Form No. 13E for a certificate under the withholding provision for fees for professional or technical services. Form 13E mandates a declaration that the applicant's total income (including such fees) is below the taxable minimum or a stated amount, and that no substantial increase is expected for the next three assessment years, and requests a certificate authorising payers to not deduct tax or to deduct at a specified rate; the form requires signature, address, PAN and a Schedule of payers and fee amounts.

Customs duty exemption for ordnance factory project imports allowed subject to certification and exclusive project use.
Exemption is granted to machinery, instruments, tools and accessories imported by the Ordnance Factory Board, Calcutta, for the Infantry Combat Vehicle EMP-II Project from the whole of customs duty specified in the First Schedule to the Customs Tariff Act, 1975 and from the whole of the additional duty under section 3, subject to production at import of a list of project goods certified by an officer not below Deputy Secretary in the Ministry of Defence stating the goods are required for the Project, are not manufactured in India, and will be used only for the Project.

Exemption under section 35AC extended for construction of an Eye Care Centre in Jodhpur after National Committee recommendation.
The Central Government, under the Explanation to section 35AC of the Income-tax Act, specifies the construction of an Eye Care Centre by Smt. Tarabai Desai Charitable Ophthalmic Trust in Jodhpur as an eligible project for tax-exemption; following a National Committee recommendation that the project is properly executed and likely to extend beyond three years, the specification is extended for a further three assessment years commencing from the assessment year 1996-97, noting the project's estimated cost.

Exemption under section 35AC: eligibility for charitable Bombay Heart Brigades project extended for further assessment years and project cost increased.
Central Government designates the five Bombay Heart Brigades of the Rotary Club of Bombay Medical Trust as an eligible charitable project under the income-tax explanation clause, and, after a National Committee recommendation under the procedural rule, extends eligibility for a further three assessment years commencing 1996-97 while increasing the authorised project cost to an estimated sixty lakhs.

Exemption under section 35AC: extension of specified technical education project for women as an eligible scheme for further period.
Central Government specified that the Maharshi Karve Stree Shikshan Samstha's technical education project for women, comprising an Industrial Training Institute and a Polytechnic at Shirgaon, qualified as an eligible project for tax exemption under the provision corresponding to section 35AC; the National Committee recommended, having found the project properly executed, that the specification be extended for a further three assessment years, and the Government notified that extension together with the estimated project cost.

Tax exemption under section 35AC extended for Preventive Diagnosis Curative Medical Aid programme; eligibility renewed for a further period.
Central Government specifies the Preventive Diagnosis Curative Medical Aid and Mass Awareness programme of the Family Planning and Medical Aid Trust as an eligible project or scheme under clause (b) of the Explanation to section 35AC of the Income-tax Act, following the National Committee's recommendation and extending the prior specification for a further period of three assessment years commencing from assessment year 1996-97.

Exemption under section 35AC: specified educational construction projects in Karvenagar retain eligibility following administrative extension.
Notification under section 35AC re specifies three construction projects at Karvenagar, Pune-the arts and commerce college with 75% beneficiaries from backward classes; Phase III of the engineering college for 180 students in three disciplines; and the hostel first floor with kitchen and dining for 226 students with specified mess concessions-as eligible projects. The National Committee recommended extension under rule 11M(5), and the Central Government extends their specification for a further three assessment years commencing from the assessment year 1996-97.

Transfer of unutilised excise credit permitted upon change of ownership or factory site, subject to conditions and input accounting.
The Commissioner of Central Excise may, on application and subject to conditions, permit transfer of unutilised excise credit in Form RG-23A, RG-23B or RG-23C accounts where change of ownership or change of factory site results from sale, merger, amalgamation or transfer to a joint venture with explicit provision for transfer of liabilities, provided stock of inputs and inputs-in-process are transferred and all credited inputs are accounted for to the Commissioner's satisfaction.

Compounded levy rate for embroidery machines set for manufacture of embroidered textiles per metre length per shift.
A compounded levy rate is prescribed for embroidery machines: the earlier notification is superseded and a specific duty is fixed per metre length of the machine per shift for machines manufacturing embroidery in pieces, strips or motifs on cotton, man-made, silk or woollen fabric bases.

Excise exemption for embroidery: duty waived for processed embroidery under the tariff heading, while unprocessed embroidery remains taxable.
The Central Government exempts embroidery falling within Heading No. 58.05 from the whole of the duty of excise, while expressly excluding embroidery that has not been subjected to any process; the exemption therefore waives excise liability for processed embroidery within the tariff description but does not extend to unprocessed pieces.

Exemption amendment: Typhoid vaccines expressly covered under life saving drugs exemption, widening scope of customs duty relief.
The Schedule to Notification No. 13/95 Customs under the heading Life Saving drugs or medicines is amended by substituting the words "Oral Typhoid Vaccines" at serial number 249 with "Typhoid Vaccines", effected by Notification No. 127/95 Cus under Section 25(1) of the Customs Act in the public interest.

Exemption under section 35AC approves institutions and specifies eligible projects and deductible costs for limited assessment years
Approval is granted for specified institutions and their listed projects to qualify for the Income Tax exemption under section 35AC, with each entry identifying the institution, the eligible project, an estimated project cost and the maximum amount of that cost allowable as a deduction. The notification specifies different temporal scopes for the approvals, including a one year period for one project and a multi year period for the remaining projects, and records later substitutions amending certain cost figures.

Amendment to Additional Duty Rules removes the first table entry, changing the schedule of additional duty upon notification.
Notification No. 126/95 amends the Additional Duty Rules, 1976 by exercising powers under the Customs Tariff Act to omit Sl. No. 1 and the entries relating thereto from the Table annexed to the 1976 Rules; the amendment is titled Additional Duty (Amendment) Rules, 1995 and comes into force on publication in the Official Gazette.

Additional duty on fabrics amendment removes a scheduled exemption entry, thereby changing the applicable customs exemption scope.
Under sub section (3) of section 3 of the Customs Tariff Act, 1975, Notification No. 357 Customs (2 August 1976) is amended by omitting Sl. No. 1 and the entries relating thereto from the Schedule, deleting the specified scheduled provision and thereby modifying the exemption coverage in respect of fabrics.