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of <h1>Government Cuts Customs Duty by 50% on Electronics under Customs Act 1962; Supports Public Interest with Duty Waivers</h1> The Central Government, under the Customs Act, 1962, has issued an exemption notification for certain goods under Chapters 38, 84, 85, 90, and 98 of the Customs Tariff Act, 1975. This exemption reduces the customs duty to 50% ad valorem and waives the additional duty for specified items such as resistors, printed circuit boards, electronic valves, photo cells, diodes, capacitors, connectors, loudspeakers, and various electronic components. The notification details a comprehensive list of 30 categories of goods eligible for this exemption, aiming to support public interest by easing import duties on these items.
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