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of <h1>Central Government Reduces Customs Duty on Select Goods Under Finance Bill 2002, Aligns with Public Interest Goals</h1> The notification, issued by the Central Government under the Customs Act of 1962, prescribes reduced effective rates of customs duty for certain goods as specified in the Finance Bill, 2002. It lists various goods under specific chapters, headings, or sub-headings of the Customs Tariff Act, 1975, and provides the standard and preferential rates of duty applicable to them. The notification aims to exempt these goods from the excess customs duty beyond the specified rates, thereby aligning with public interest objectives. The detailed table includes numerous categories with corresponding duty rates, either as a percentage or a fixed amount per unit.
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