<h1>Government Reduces Customs Duty and Offers Service Tax Relief to Boost Textile Exports under Notifications 115/2007-Customs and 43/2007-ST.</h1> The government issued three notifications providing customs duty and service tax relief to the export sector, particularly benefiting the textile industry. Notification No.115/2007-Customs reduces basic customs duty on various textile-related items, including polyester and other man-made fibers, from 7.5-10% to 5%. Notification No.43/2007-ST offers service tax refunds on business exhibition services for textile manufacturers registered as exporters. Additionally, Notification No.42/2007-ST extends service tax refunds to storage, warehousing, and cleaning services related to export goods. These measures aim to support exporters by neutralizing service tax on input services and other taxable services linked to exports.