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of <h1>Govt Reduces Customs Duty to 35% for Certain Machinery Imports Under Section 25(1) of Customs Act, 1962</h1> The Central Government, under the authority of Section 25(1) of the Customs Act, 1962, has issued an exemption for specified goods under Chapter 84 of the Customs Tariff Act, 1975. This exemption applies to goods imported into India, reducing the customs duty to 35% ad valorem and waiving the additional customs duty under Section 3 of the Customs Tariff Act. The specified goods include stretch blow moulding machines, multi-layer coater/extruder machines, plastic and laminate collapsible tube making machines, and aluminium collapsible tube making machines.
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