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of <h1>India Revises Customs Duty: Medical Goods at 5%, Manufacturing Inputs at 2.5% Under Notification No. 4/2016-Customs.</h1> The Government of India has issued Notification No. 4/2016-Customs, amending Notification No. 12/2012-Customs to update the concessional duty rates for certain medical-related imports. Specifically, the amendments revise the entries for serial numbers 473 and 474 in the notification's table. Goods required for medical, surgical, dental, or veterinary use now have a standard duty rate of 5%, while raw materials, parts, or accessories for manufacturing related goods have a duty rate of 2.5%. These changes aim to support public interest by adjusting import duties on essential medical goods.
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