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of <h1>India Updates Customs Tariffs and Exemptions: New Duty Rates, Conditions for LNG, Road Construction, Human Embryos Under Notification No. 05/2014</h1> The Government of India has issued Notification No. 05/2014-Customs to amend Notification No. 12/2012-Customs, dated March 17, 2012. Key amendments include the insertion of new serial numbers and entries in the customs tariff table, changes in duty rates for certain goods, and the introduction of new conditions for exemptions. Notable changes involve exemptions for human embryos, liquefied natural gas for specific operations, and goods for road construction. The notification also extends the validity of certain provisions and updates conditions and lists related to customs exemptions.
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