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of <h1>Government Grants Customs Duty Exemptions for Specific Machinery and Electronics Under Notification No. 47/95-Cus</h1> The Central Government, under the Customs Act, 1962, has issued Notification No. 47/95-Cus dated March 16, 1995, granting exemptions on customs duties for specific machinery and electrical/electronic goods. The exemptions apply to items such as computer numerical control systems, parts for these systems, rice trans-planters, aseptic form fill seal machines, certain bearings, starting and ignition equipment, electric cloth cutting hand shears, and graphite electrodes used in furnaces. The exemptions are subject to conditions like intended use and the execution of bonds by importers to ensure compliance with specified uses.
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