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of <h1>Government Exempts Certain Parts for Medical Electronics from Auxiliary Customs Duty under Customs Act, 1962 and Finance Bill, 1987.</h1> The Central Government, under the Customs Act, 1962 and the Finance Bill, 1987, exempts certain parts required for manufacturing medical electronic equipment from auxiliary customs duty. This exemption applies to parts not containing thermionic valves, transistors, similar semiconductor devices, LEDs, electronic micro circuits, or non-paper capacitors. These parts must fall under Chapters 85, 90, or 98 of the Customs Tariff Act, 1975, and be imported into India. The exemption is subject to conditions outlined in a 1983 notification, as amended, and requires approval from the Assistant Collector of Customs to ensure the parts are used for the specified manufacturing purpose.
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