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of <h1>Govt exempts medical equipment parts from customs duty over 40% and additional duty under Customs Act 1962.</h1> Notification No. 66/88-Cus, dated March 1, 1988, issued by the Central Government under the Customs Act, 1962, grants exemptions for component parts of medical equipment specified in Notification No. 65/88-Cus. When these components are imported into India for manufacturing the specified goods, they are exempt from customs duty exceeding 40% ad valorem under the Customs Tariff Act, 1975, and from the entire additional duty under section 3 of the same Act. This exemption is deemed necessary in the public interest.
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