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of <h1>India Grants Customs Duty Exemption for Goods Under Sub-heading 0507.10; Reduced Rates Announced in Notification No. 30/92-Cus</h1> The Central Government of India, under the authority of the Customs Act, 1962, has issued Notification No. 30/92-Cus dated March 1, 1992. This notification provides a customs duty exemption for goods classified under sub-heading No. 0507.10 of the First Schedule to the Customs Tariff Act, 1975. When these goods are imported into India, the duty levied will be reduced to 65% ad valorem if the standard duty rate applies, and to 55% ad valorem if the preferential duty rate applies, exceeding the specified amount in the First Schedule.
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