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<h1>India Reduces Customs Duty to 40% for Select Goods Under Heading 98.06 of Customs Tariff Act</h1> The Central Government of India, under the Customs Act, 1962, has issued an exemption for certain goods classified under heading No. 98.06 of the Customs Tariff Act, 1975. These goods, when imported, will be subject to a reduced customs duty rate of 40% ad valorem. The specified items include refractory bricks for industrial furnaces, parts of instruments for physical or chemical analysis, and parts of microtomes. This exemption is deemed necessary in the public interest and aims to alleviate the customs duty burden on these specified imports.