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of <h1>India Cuts Customs Duty on Imported Stainless Steel Coin Blanks to 65% Under Notification No. 210/92-Cus</h1> The Central Government of India has issued Notification No. 210/92-Cus, dated May 21, 1992, under the Customs Act, 1962, exempting certain imported stainless steel coin blanks from a portion of customs duties. These coin blanks, produced from cold rolled stainless steel strips sent out of India for coin blanking, are subject to a reduced duty rate of 65% of their value. This exemption applies to conversion charges, including labor, material costs (excluding the original strips), and other related charges, as well as insurance and freight charges. Conditions include importation within three years and evidence of origin from Indian-sent strips.
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