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of <h1>Government Exempts Certain Imported Goods from Auxiliary Customs Duty Beyond Specified Rates; Crude Petroleum Duty Set at Rs. 500/Tonne</h1> The Central Government, exercising its authority under the Customs Act, 1962 and the Finance Bill, 1992, exempts certain imported goods from auxiliary customs duty exceeding specified rates. Crude petroleum under heading No. 27.09 of the Customs Tariff Act, 1975, is subject to a duty of Rs. 500 per tonne, while all other goods are levied at 45% of their value as determined under the Customs Act, 1962. This exemption does not affect any other existing exemptions on auxiliary customs duty granted by the Government of India.
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