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<h1>Central Government Rescinds 1976 Customs Notification; New Rule Effective July 1, 2017, for Public Interest.</h1> The Central Government, under the authority of the Customs Act, 1962, has decided to rescind Notification No. 318/1976-Customs, dated August 2, 1976. This decision, effective from July 1, 2017, is deemed necessary in the public interest. The rescission does not affect actions completed or omitted prior to this change. The notification is issued by the Ministry of Finance, Department of Revenue, as Notification No. 62/2017-Customs, and is documented in the Gazette of India.