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of <h1>Government notification (24 Oct 2025) standardises customs duty, IGST and cess, grants conditional concessions, effective 1 Nov 2025</h1> Government notification dated 24 October 2025 supersedes 31 earlier customs exemption notifications and prescribes standard rates of basic customs duty, integrated GST and compensation cess on specified imported goods via extensive Tables I-IV and appended Lists. It grants conditional exemptions or concessional rates across numerous tariff headings (agriculture, pharmaceuticals, chemicals, metals, electronics, defence, aviation, medical devices, vehicles, renewable energy, research equipment, etc.), sets time-limited provisions for certain items, and imposes documentary, certification and bond conditions for concessional treatment. The notification takes effect 1 November 2025 and includes annexures detailing conditions, eligible entities and procedural requirements.
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