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of <h1>India Exempts Raw Wool and Wool Waste Imports from Customs Duties Over 30% Under Customs Act, 1962</h1> The Central Government, under the authority of the Customs Act, 1962, has issued Notification No. 55/87-Cus dated March 1, 1987, granting an exemption for raw wool and wool waste, including yarn waste and garnetted stock, from certain customs duties. These items, classified under headings 51.01, 51.03, and 51.04 of the First Schedule to the Customs Tariff Act, 1975, are exempted from customs duties exceeding 30% ad valorem when imported into India. This exemption is deemed necessary for public interest.
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