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of <h1>India exempts petroleum products from additional customs duties under Customs Act, 1962 for public interest.</h1> The Government of India, through the Ministry of Finance, issued Notification No. 51/2017-Customs, effective from July 1, 2017, under the Customs Act, 1962. This notification exempts specified goods from additional customs duties exceeding the standard rate. The exempted goods include petroleum crude, petrol, diesel, petroleum gases, fuels, and compressed natural gas used in the transport sector. This supersedes a previous notification from March 17, 2012, maintaining actions taken before its supersession. The exemption is deemed necessary for public interest.
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