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of <h1>Indian Govt Revises Customs Duty & IGST Rates; New Exemptions for Pecan Nuts, Fish Lipid Oil, More Under Notification 02/2023.</h1> The Indian government has issued Notification No. 02/2023-Customs, amending Notification No. 50/2017-Customs to revise customs duty and IGST rates on certain imported goods. Changes include new exemptions and modifications to existing ones, affecting items such as pecan nuts, fish lipid oil, crude glycerin, algal flour, and various automotive and industrial products. The notification also introduces new conditions for importers, including compliance with the Customs Rules, 2022, and outlines specific goods and testing agencies eligible for concessions. These amendments aim to align with public interest and are effective from February 2, 2023.
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