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of <h1>India Grants Partial Customs Duty Exemptions for Selected Imports Under Notification No. 174/92-Cus, Effective April 30, 1992.</h1> The Central Government of India issued Notification No. 174/92-Cus on April 30, 1992, under the Customs Act, 1962, granting partial customs duty exemptions on specific imported goods. These goods, listed in an annexed table, fall under various chapters of the Customs Tariff Act, 1975, and are intended for manufacturing specified products. The exemption reduces the duty to 55% ad valorem, subject to conditions such as approval by designated government officials and the execution of a bond by the importer. The notification outlines a comprehensive list of goods and their corresponding manufacturing purposes, ranging from electronic components to industrial materials.
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