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of <h1>Govt exempts goods under Customs Tariff Act from duty over 35% per Notification No. 71/90-Cus, boosting imports.</h1> The Central Government, under the authority of section 25(1) of the Customs Act, 1962, has issued Notification No. 71/90-Cus dated March 20, 1990. This notification exempts goods classified under Heading Nos. 53.01 to 53.05 of the First Schedule to the Customs Tariff Act, 1975, from customs duty exceeding thirty-five percent ad valorem when imported into India. This exemption is deemed necessary in the public interest, reducing the applicable customs duty to the specified rate for these goods.
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