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of <h1>India Amends Customs Notification: Changes to Capital Goods Use and LoP Definition; Duty Exemptions for Destroyed Goods Specified</h1> The Government of India issued Notification No. 34/2015-Customs, amending Notification No. 52/2003-Customs. The amendments involve changes to conditions regarding the use of capital and other goods within the validity period of the Letter of Permission (LoP). It specifies that duty is not leviable on certain goods destroyed within or outside the unit with Customs' permission, except for units manufacturing and exporting precious metals and stones. Additionally, the definition of 'Letter of Permission (LoP)' is updated to align with the Foreign Trade Policy 2015-20.
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