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of <h1>RBI Exempted from Customs Duty on Imports for New Note Press Projects in Salboni and Mysore Under Customs Act 1962</h1> The Central Government, under the authority of the Customs Act, 1962, has issued an exemption notification for the Reserve Bank of India (RBI). This exemption applies to the import of plant, machinery, equipment, special tools, spares, consumables, and security systems necessary for establishing new note press projects in Salboni, West Bengal, and Mysore, Karnataka. The imports are exempt from both the customs duty specified in the First Schedule of the Customs Tariff Act, 1975, and the additional duty under section 3 of the same act.
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