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<h1>India Cuts Customs Duty on Uranium Oxide for Nuclear Fuel Fabrication to 40%; Waives Additional Duty Under Section 3</h1> The Central Government of India, under the authority of the Customs Act, 1962, has issued an exemption for uranium oxide classified under Chapter 28 of the Customs Tariff Act, 1975. This exemption applies when the uranium oxide is imported for the purpose of fabricating fuel elements for nuclear power reactors. The exemption reduces the customs duty to 40% ad valorem and waives the entire additional duty specified under section 3 of the Customs Tariff Act. This measure is deemed necessary in the public interest.