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of <h1>India Cuts Customs Duty on Furskins and Artificial Fur to 10% Under Notification No. 66/92-Cus, 1992</h1> The Central Government of India, under the authority of the Customs Act, 1962, has issued Notification No. 66/92-Cus dated March 1, 1992, to exempt goods classified under heading numbers 43.01 and 43.02 of the Customs Tariff Act, 1975, from a portion of the customs duty. This exemption applies to furskins and artificial fur imported into India, reducing the duty to a rate of 10% ad valorem. This decision is made in the public interest to alleviate the customs duty burden on these specific goods.
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