<h1>POS Devices Exempt from Excise Duty and Customs Duties to Boost Digital Payments Until March 31, 2017.</h1> The government has exempted Point of Sale (POS) devices and goods required for their manufacture from Central Excise Duty until March 31, 2017, to promote digital payments following the demonetization of Rs. 500 and Rs. 1,000 currency notes. This exemption also applies to Additional Duty of Customs (CVD) and Special Additional Duty of Customs (SAD). The initiative aims to reduce the cost of POS devices, encouraging cashless transactions and supporting domestic manufacturers. Notification No.35/2016-Central Excise was issued on November 28, 2016, to formalize these exemptions.