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of <h1>India Exempts Specified Industrial Goods from Customs Duty Over 35% Under Customs Act, 1962; Conditions Apply</h1> The Central Government of India, under the Customs Act, 1962, has issued an exemption notification for specified goods used in certain industries, which fall under Chapters 39, 69, 84, 85, or 90 of the Customs Tariff Act, 1975. These goods, when imported into India, are exempt from a portion of the customs duty exceeding 35% ad valorem and the entire additional duty. Conditions for this exemption include certification by relevant authorities, coverage under the Technological Upgradation Scheme, and an undertaking by the importer to use the goods as specified. The notification details various machinery and equipment eligible for this exemption, categorized by their intended industrial use.
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