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of <h1>Government Grants Customs Duty Exemptions for Specific Machinery and Electronics Under Customs Act Notification No. 153/92-Cus</h1> The Central Government, under the Customs Act, 1962, has issued Notification No. 153/92-Cus dated March 26, 1992, granting exemptions on customs duties for specific machinery, equipment, electronics, and electrical goods under Chapters 84 and 85 of the Customs Tariff Act, 1975. The exemptions apply to goods such as compressor components, various types of valves, certain electrical resistors, and apparatus for electrical circuits, among others, when imported into India. The specified goods are subject to a customs duty rate of 25% ad valorem, as detailed in the notification's annexed table.
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