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of <h1>India Grants Customs Duty Exemptions on Computer Goods: Notification No. 59/95-Cus, 1995 Reduces Rates for Key Imports</h1> The Central Government, under the Customs Act, 1962, has issued Notification No. 59/95-Cus dated March 16, 1995, granting exemptions on customs duties for certain computer-related goods imported into India. The exemptions apply to items specified in the annexed table, with varying duty rates: 40% ad valorem for most goods under heading 84.71, 25% for hard disk and floppy disk drives, 35% for goods under heading 8473.30, and 10% for computer software under headings 49 or 85.24. This exemption aims to serve the public interest by reducing the customs duty burden on these items.
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