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<h1>Government Exempts Customs Duty on RBI Imports for Currency Note Press Modernization in Nasik and Dewas</h1> The Central Government, under the authority of the Customs Act, 1962, has issued an exemption notification for the import of plant, machinery, equipment, and spares by the Reserve Bank of India. This exemption applies to items necessary for the expansion and modernization of the Currency Note Press in Nasik, Maharashtra, and the Bank Note Press in Dewas, Madhya Pradesh. The notification waives the entire customs duty and additional duty as outlined in the Customs Tariff Act, 1975, for these imports, recognizing them as being in the public interest.