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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Government Sets New Customs Duty Rates for Chapter 25 Goods Under Section 25 of Customs Act, 1962</h1> The Central Government, under section 25 of the Customs Act, 1962, has issued Notification No. 32/90-Cus dated March 20, 1990, prescribing effective basic duty rates on certain goods under Chapter 25 of the Customs Tariff Act, 1975. This notification consolidates existing exemptions and specifies reduced customs duties for certain imports, such as cryolite, natural mineral phosphate, insoluble sulphur, cement, raw asbestos, and fluorspar. The rates vary, with most goods subject to a 70% ad valorem rate, while others like insoluble sulphur and cement are subject to a 55% rate, and raw asbestos to a 40% rate.
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