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of <h1>Government Reduces Customs Duty on Prawn Feed Imports to 35% Under Customs Act, 1962 for Export Cultivation</h1> The Central Government, under the Customs Act, 1962, has issued an exemption for prawn feed classified under sub-heading No. 2309.90 of the Customs Tariff Act, 1975. This exemption applies to imports into India intended for prawn cultivation for export purposes. It reduces the customs duty to 35% ad valorem and waives the additional duty, provided the importer presents a certificate from a Director-level officer in the Marine Products Export Development Authority confirming their engagement in prawn cultivation for export and recommending the exemption.
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