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of <h1>New Customs Duty Rates Announced: Most Goods at 'Nil' Rate, Others at 4% Under Customs Tariff Act, 1975.</h1> The notification specifies the effective rates of special additional duty for goods under the Customs Tariff Act, 1975, superseding a previous notification. It lists various goods and their corresponding duty rates, primarily set at 'Nil' for a wide range of items including agricultural products, fertilizers, gold, silver, machinery, and specific chemicals, subject to certain conditions. The general rate for goods not specified in the list is set at 4% ad valorem. This notification aims to align the duty rates with existing sales and local taxes applicable to similar goods in India.
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