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of <h1>India Grants 35% Customs Duty Exemption for Electronics Industry Raw Materials Under Notification No. 94/92-Cus</h1> The Central Government of India issued Notification No. 94/92-Cus on March 1, 1992, under the Customs Act, 1962, granting a customs duty exemption for specific raw materials and components used in the electronics industry. The exemption applies to goods listed in the notification, provided they are imported for manufacturing purposes specified in the notification's table. The duty exemption reduces the payable customs duty to 35% ad valorem, subject to conditions such as certification by a designated government officer and the execution of a bond by the importer to ensure proper use of the goods.
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