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of <h1>India Reduces Customs Duty on Chemicals Under Chapters 28 & 29; New Rates Range from 15% to 70%</h1> The Central Government of India, under the Customs Act, 1962, has issued an exemption notification reducing the basic customs duty on specified chemicals listed under Chapters 28 and 29 of the Customs Tariff Act, 1975. The notification details the applicable duty rates for various chemicals, including ammonia (40%), propylene (15%), benzene (15%), and monoethylene glycol (70%), among others. The exemptions aim to adjust the customs duty to the rates specified in the notification, which vary from 15% to 70% ad valorem, depending on the chemical. This measure is intended to serve the public interest.
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