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of <h1>Govt Exempts Chapter 36 Goods from Customs Duty Exceeding 60% Ad Valorem per Notification No. 58/92-Cus</h1> The Central Government, exercising its authority under the Customs Act, 1962, has issued Notification No. 58/92-Cus dated March 1, 1992. This notification exempts all goods under Chapter 36 of the First Schedule to the Customs Tariff Act, 1975, from the customs duty specified therein when imported into India. The exemption applies to the extent that the duty exceeds 60% ad valorem, aligning with public interest considerations.
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