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of <h1>Central Government exempts specific goods like gold, silver, and electronics from customs surcharge under Customs Act, 1962.</h1> The notification, issued by the Central Government under the Customs Act, 1962, exempts certain goods from the surcharge of customs duty. Effective from May 12, 2000, it applies to specified items listed in the notification, including gold and silver, various agricultural products, machinery, electronic components, and telecommunications equipment. The exemption is subject to conditions outlined in the notification, with specific provisions for goods falling under certain serial numbers. However, the exemption does not apply to some goods if the duty calculated exceeds a specific rate. The notification aims to facilitate imports in the public interest.
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