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of <h1>New Customs Notification Exempts Goods from Excess Duty Over 60% under Sub-heading 8201.50, Supersedes 1990 Notice</h1> Notification No. 81/92-Cus, dated March 1, 1992, issued by the Central Government under the Customs Act, 1962, supersedes the previous notification No. 92/90-Customs from March 20, 1990. This notification exempts all goods under sub-heading No. 8201.50 of the First Schedule to the Customs Tariff Act, 1975, from a portion of the customs duty. The exemption applies to the extent that the duty exceeds 60% ad valorem when these goods are imported into India, as deemed necessary in the public interest.
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