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of <h1>Finance Bill 2018 introduces Sections 25A and 25B for customs duty exemptions on goods for repair, processing, or manufacturing.</h1> Clause 60 of the Finance Bill, 2018 proposes the addition of sections 25A and 25B to the Customs Act. Section 25A allows the Central Government to exempt customs duties on imported goods intended for repair, processing, or manufacturing, provided they are re-exported within a year and remain identifiable. Section 25B permits duty exemptions on goods re-imported after export for similar purposes, also requiring re-import within a year and identifiability. Both sections are contingent on conditions specified in notifications issued by the government.
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