Baggage duty reduction: amendments lower specified customs rates and revise exemption and certification conditions. The Central Government amends multiple Customs notifications under section 25(1) of the Customs Act, 1962 to implement a customs duty reduction and revise exemption conditions by substituting ad valorem rates, deleting or replacing specific item descriptions, broadening contracting party language to include Indian companies and consortia with revised certification requirements, and adding concessional entries and procedural conditions for sports trophies, medals, prizes and goods gifted under bilateral agreements.
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Baggage duty reduction: amendments lower specified customs rates and revise exemption and certification conditions.
The Central Government amends multiple Customs notifications under section 25(1) of the Customs Act, 1962 to implement a customs duty reduction and revise exemption conditions by substituting ad valorem rates, deleting or replacing specific item descriptions, broadening contracting party language to include Indian companies and consortia with revised certification requirements, and adding concessional entries and procedural conditions for sports trophies, medals, prizes and goods gifted under bilateral agreements.
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