TaxTMI Login
🎉 Festive Offer: Flat 15% off on all plans! →⚡ Don’t Miss Out: Limited-Time Offer →
TaxTMI 
Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Government Issues Notification for Exemption of Auxiliary Customs Duties on Certain Goods Under Customs Act and Finance Bill</h1> The Central Government, under the authority of the Customs Act, 1962, and the Finance Bill, 1987, has issued Notification No. 115/87-Cus dated March 1, 1987, to exempt certain goods from auxiliary customs duties. This exemption applies to goods partially or wholly exempt from customs duties as specified in the First Schedule to the Customs Tariff Act, 1975. The exemption is subject to conditions outlined in various notifications from the Department of Revenue and Banking or the Ministry of Finance. The auxiliary duty exemption is capped at 25% of the goods' value, as determined by the Customs Act.
TaxTMI 
