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of <h1>NRIs Get Reduced Customs Duty on Imported Medical Equipment; Pay 20% with Conditions Under Customs Act, 1962.</h1> The notification issued by the Central Government under the Customs Act, 1962, provides an exemption for specified equipment, spare parts, and accessories imported by Non-Resident Indians (NRIs). These goods, detailed in an annexed table, are subject to a reduced customs duty rate of 20% ad valorem and are exempt from additional customs duties, provided certain conditions are met. These conditions include no foreign exchange remittance for the cost of goods, payment of customs duty from foreign exchange remitted by the NRI, and the production of relevant evidence and certification at the time of importation. The specified goods include various dental, ophthalmic, and medical equipment.
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