Customs duty exemption for outboard motor parts permits state fisheries corporations and recognised cooperatives to import specified parts duty-free. Exemption applies to specified outboard motor parts imported into India by State Fisheries Corporations or Fisheries Cooperative Federations recognised by the State Government, waiving customs duty in excess of that calculated at a 35 percent ad valorem rate and exempting the whole of the additional duty under section 3, limited to the enumerated components listed in the notification.