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of <h1>Central Government Issues Notification for Customs Duty Exemption on Raw Wool, Reducing Duty to 40% Ad Valorem</h1> The Central Government, exercising its authority under the Customs Act, 1962, has issued Notification No. 279/90-Cus dated December 15, 1990, granting an exemption on raw wool classified under Heading No. 51.01 of the Customs Tariff Act, 1975. This exemption applies to the customs duty levied on raw wool imported into India, reducing the duty to 40% ad valorem. This measure is deemed necessary in the public interest to facilitate imports of raw wool.
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