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of <h1>Government Amends Customs Rules for Import Conditions; Changes Affect Capital Goods, Equipment, and Materials Clearance.</h1> The Central Government has amended several customs notifications to modify import conditions under the Customs Act, 1962. The amendments pertain to the clearance of goods within India, aligning with the Export and Import Policy from April 1992 to March 1997. Key changes include provisions for clearing capital goods, material handling equipment, office equipment, and captive power plants upon payment of customs duty on depreciated value. Other goods may be cleared at import value rates, while used packing materials may be cleared duty-free. Importers cannot claim exemptions under specific tariff headings or export promotion schemes. Depreciation is allowed from commercial production commencement to duty payment.
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