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of <h1>India Exempts Certain Goods from Customs Duty Exceeding 65% per Notification No. 37/93-Cus under Customs Act, 1962.</h1> The Central Government of India, under the powers granted by the Customs Act, 1962, has issued Notification No. 37/93-Cus dated February 28, 1993. This notification exempts certain goods, specified in Chapters 49 and 97 of the First Schedule to the Customs Tariff Act, 1975, from customs duty exceeding 65% ad valorem when imported into India. The specified goods include unused postage stamps, plans, drawings, designs, proofs, illustrations for bookbinding, and antique coins. This exemption is deemed necessary in the public interest.
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