Exemption to oxygen chlorine ammonia: amendment removes the corresponding entry from the annexed exemption table.
The Central Government amends Notification No. 40/85-Central Excises under the Central Excise Rules, 1944 by omitting S. No. 11 and the entries relating thereto from the Table annexed to that notification, thereby deleting the specified serial entry from the list of miscellaneous exemptions for gaseous substances.

Exemption of di-calcium phosphate: excise duty waived where product meets IS specification and is for animal feed.
Exemption from the whole of excise duty applies to di-calcium phosphate that conforms to I.S. Specification No. 5470-1969 and is classified within Chapter 28 or 31 of the Central Excise Tariff, provided the material is intended for use as an ingredient in the manufacture of animal feed supplements.

Time-bound approval under section 35(1)(ii): institute must keep separate research accounts and file annual and audited returns.
Perpetual approval under section 35(1)(ii) for the National Sugar Institute, Kanpur is converted into a time-bound approval valid to 31-12-1985. Conditions: maintain a separate account for sums received for scientific research; furnish annual returns of scientific research activities to the prescribed authority by 30 April each year in prescribed forms; and submit audited annual accounts showing income, expenditure, assets and liabilities to the prescribed authority by 30 June each year, with a copy to the concerned Commissioner of Income-tax.

Approval withdrawal under tax law for Belle Vue Clinic removes previously granted exemption-related approval effective retrospectively.
Approval granted to Belle Vue Clinic, Calcutta under clause (ii) of sub section (1) of section 35 of the Income tax Act is withdrawn, the withdrawal taking effect from 6 1 1981 and communicated by departmental notification dated 5 11 1986 which revokes the prior 4 2 1981 notification.

Warehousing station designation enables establishment of export-oriented units in Gururajapalayam under Customs Act section 9.
The Central Board of Excise and Customs, exercising powers under section 9 of the Customs Act, 1962, declares Village Gururajapalayam in North Arcot District, Tamil Nadu, to be a warehousing station for the purposes of setting up hundred per cent export-oriented units by means of a Miscellaneous Exemption Notification.

Amendment to customs notifications inserts a new exemption entry under Customs Act and Finance Act powers.
The Central Government, invoking powers under section 25(1) of the Customs Act and section 49(4) of the Finance Act and being satisfied of the public interest, amends Notification No. 314/1986-Customs by inserting after Sl. No. 71 a new Sl. No. 72 identifying Notification No. 455/86-Customs dated 5-11-1986.

Customs exemption for power transmission components conditions import duty relief on certified, approved manufacture with post use verification.
Exemption limits customs duty on imported components for manufacture of power transmission systems for earth moving machinery to an amount calculated at the rate of 40 per cent ad valorem, exempting duty in excess of that amount, subject to certification that components are on certified lists, that imports are under a Ministry of Industry approved programme, and that a post use certificate confirming manufacture under the approved programme is produced within a period specified by the Assistant Collector of Customs.

Section 10(23C)(iv) notification: Spastics Society of Eastern India recognised for certain assessment years under the Income tax Act.
The Central Government notifies Spastics Society of Eastern India under clause (iv) of sub section (23C) of section 10 of the Income tax Act for the assessment years 1986 87 to 1988 89, formally recognizing the Society within the statutory category specified by that clause for those assessment years.

Approval under section 35(1)(iii) conditions research institution tax recognition on separate accounting, annual returns, audited accounts, and renewal.
Approval under section 35(1)(iii) recognises Thakur Research Foundation, New Delhi as an eligible research institution subject to maintaining separate research accounts, furnishing annual research activity returns by 30 April, and submitting audited annual accounts and balance sheet to the prescribed authority and Commissioner of Income-tax by 30 June, with time limited approval requiring timely renewal applications.

Approval under section 35(1)(ii): institution must keep separate research accounts and file annual audited returns.
Approval under Section 35(1)(ii) is granted to Kamayani Udyog Kendra Society, Pune, as an Institution for the period 1-4-1986 to 31-3-1987, subject to maintaining separate accounts for research receipts and furnishing annual returns of research activities to the prescribed authority by 30 April. The Society must submit audited annual accounts showing total income, expenditure and a balance-sheet to the prescribed authority and provide copies to the Commissioner of Income-tax by 30 June. Extension applications must be filed with the Central Board of Direct Taxes at least three months before expiry.

Approval under section 35(1)(ii) grants tax recognition to a research association, subject to annual reporting and audit.
Approval is granted to Aspee Agricultural Research and Development Foundation, Bombay as an association for purposes of approval under section 35(1)(ii) of the Income-tax Act, subject to conditions: maintain separate research accounts; furnish annual returns of scientific research activities in prescribed forms by the annual deadline; submit audited annual accounts, income and expenditure statements and balance-sheet to the prescribed authority and the Commissioner of Income-tax by the prescribed date; and apply for extension of approval three months before expiry to avoid rejection.

Constituency allowance exemption under income tax notified, applying to Members of Parliament from the first day of April.
Notification designates the Constituency Allowance paid to Members of Parliament under the Members of Parliament (Constituency Allowance) Rules, 1986 as exempt from income tax under clause (17) of section 10. The Central Government notifies that the exemption takes effect from the first day of April, 1986.

Validity period amendment extends the effective term of a prior income tax notification, altering its stated expiry to a later date.
This corrigendum modifies Office Notification No. 6891 by directing that the validity period of the earlier notification be read as 1-4-1986 to 31-3-1989 instead of 1-4-1986 to 31-3-1987, for general information and administrative application.

Constituency Allowance tax exemption under section 10(17) notified for Members of Parliament, effective from April.
Notification under clause (17) of section 10 of the Income-tax Act, 1961, notifies the Constituency Allowance payable to Members of Parliament under the Members of Parliament (Constituency Allowance) Rules, 1986, as within the scope of that clause, and states that the notification takes effect from 1 April 1986.

Specification of certain secured redeemable non-convertible bonds confirms their treatment under withholding tax provisions.
The Central Government, exercising powers under the proviso to section 193 of the Income-tax Act, specifies the "1986--IPCL--14% Secured Redeemable Non-convertible Bonds" issued by Indian Petrochemicals Corporation Limited, Baroda, as specified bonds for the purposes of that proviso, thereby identifying their treatment under the withholding tax framework of that provision.

Specification of bond under withholding tax proviso clarifies tax treatment for issued secured redeemable nonconvertible bond.
Central Government specifies the 7 Year 14% Secured Redeemable Non convertible Bond (A. series) issued by the National Hydroelectric Power Corporation Limited, New Delhi, under clause (iib) of the proviso to section 193 of the Income tax Act, thereby bringing the named instrument within the scope of that proviso for income tax withholding purposes by Notification No. S.O.3830 dated 29 10 1986.

Specification of bonds under Section 193 treats listed HDFC bonds as specified for withholding-rule applicability.
The Central Government, under clause (iib) of the proviso to section 193, specifies three categories of bonds issued by Housing Development Finance Corporation Limited, New Delhi-HDFC 12.5% Bonds (1992-1996), HDFC 12.5% Bonds (1995), and HDFC 12.5% Bonds (1996)-for the purposes of that clause by notification dated 29-10-1986.

Section 269SS notification: HDFC authorised for its Home Savings Plan, Loan Linked Deposit and Certificate schemes.
Central Government notifies Housing Development Finance Corporation Limited, Bombay, under the proviso to section 269SS for the Home Savings Plan Scheme, Loan Linked Deposit Scheme and Certificate of Deposit Scheme, including the Cumulative Interest Scheme, and modifies the earlier notification dated 18 7 1986 to that extent.

Notification under section 269SS: HDFC schemes for home savings and deposit plans recognised for section purposes.
The Central Government, under clause (e) of the proviso to section 269SS of the Income tax Act, 1961, notifies Housing Development Finance Corporation Limited in respect of its Home Savings Plan Scheme, Loan Linked Deposit Scheme and Certificate of Deposit Scheme, including the Cumulative Interest Scheme, for the purposes of that proviso, and modifies the earlier notification dated 18 7 1986 to that extent.

Extension of exemption period under Customs Act by substituting the notification expiry date to a later date.
Amendment to Notification No. 257/86-Customs substitutes the expiry date in paragraph 2, extending the period of the Soda Ash exemption by replacing the earlier specified date with a later date; the change is effected under the authority of sub-section (1) of section 25 of the Customs Act, 1962.