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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>India Grants Customs Duty Exemptions for Specified Imported Goods under Notification No. 173/92-Cus, Conditions Apply</h1> The Central Government of India issued Notification No. 173/92-Cus on April 30, 1992, under the Customs Act, 1962, granting customs duty exemptions for specified goods imported for manufacturing certain products. The exemption applies to goods listed in a table, which fall under various chapters of the Customs Tariff Act, 1975. These goods, when imported for manufacturing specified items, are subject to a reduced customs duty rate of 55% ad valorem. Conditions include verification and recommendation by a qualified government officer and an undertaking by the importer to use the goods as specified, with penalties for non-compliance.
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