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of <h1>Customs Duty Exemption for Cinematographic and Magnetic Films Introduced Under Amended Notification No. 17/2001-Customs</h1> The Central Government has amended Notification No. 17/2001-Customs, originally issued on March 1, 2001, under the Customs Act, 1962. This amendment, effective from September 3, 2001, introduces a new entry, 121A, to the existing notification. It grants an exemption from customs duty for cinematographic films that are exposed but not developed, as well as recorded magnetic films used for producing TV serials. Both categories are assigned a nil rate of customs duty, reflecting the government's intent to support the film and television production industry by waiving these specific import duties.
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