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of <h1>2007 Customs Budget Cuts Non-Agricultural Duty Rates, Adds Education Cess, and Adjusts Exemptions for Specific Goods.</h1> The 2007 Customs Budget introduces several changes to customs duties. The peak rate for non-agricultural goods is reduced from 12.5% to 10%, with exceptions for motor vehicles and certain goods like natural rubber. A new 1% Secondary and Higher Education Cess is added to imported goods. Export duties are imposed on iron and chromium ores. Various reductions in customs duties are made across numerous chapters, affecting items such as corals, dammar batu, glycerol, sunflower oil, and polymers. Exemptions and concessions are adjusted for specific goods, including machinery, mobile handset parts, and research equipment. Some exemptions are withdrawn, notably for aircraft and media production materials.
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