<h1>India Exempts Customs and Excise Duty on Bunker Fuels for Domestic Shipping; Rs. 57 Crore Revenue Impact Annually.</h1> The Indian government has exempted Customs and Excise Duty on bunker fuels IFO 180 CST and IFO 380 CST used by Indian flag vessels for transporting EXIM and empty containers between Indian ports. This exemption, announced through notifications No. 31/2014-Customs and No. 21/2014-Central Excise on November 11, 2014, is expected to result in a revenue impact of Rs. 57 crore annually. Currently, there are no plans to review customs duty rules regarding gold brought by air passengers from abroad, as stated by the Minister of State in the Ministry of Finance in the Lok Sabha.