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of <h1>India's Central Govt Issues Customs Duty Exemption for Chapter 38 Chemical Products under Notification No. 59/92-Cus</h1> The Central Government of India issued Notification No. 59/92-Cus on March 1, 1992, under the Customs Act, 1962, providing exemptions on customs duties for certain chemical products classified under Chapter 38 of the Customs Tariff Act, 1975. The notification specifies that goods listed in the annexed table, when imported into India, are exempt from customs duties exceeding the rates specified. The standard rate of duty is set at 65% ad valorem, while the preferential rate is 55% ad valorem, applicable to all goods under the specified sub-headings in the table.
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