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of <h1>Customs Duty Reduced to 25% on Used Machinery for Project Exporters Under Chapter 84 or 85</h1> The Central Government has issued an exemption notification under the Customs Act, 1962, reducing customs duties on used machinery and equipment classified under Chapter 84 or 85 of the Customs Tariff Act, 1975, when imported by project exporters. The exemption includes a reduction of customs duty to 25% ad valorem and a waiver of additional duties. To qualify, importers must present a certificate from a Joint Secretary in the Ministry of Commerce confirming project clearance by the Export Import Bank of India, and a Chartered Engineer's certificate verifying the machinery's use in a project for at least five years.
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