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of <h1>Central Government Amends Notification No. 318/86-Customs; Updates Duty Exemptions for Mining Equipment and Electrical Apparatus</h1> The Central Government, under the Customs Act, 1962 and the Finance Act, 1986, has amended Notification No. 318/86-Customs to modify customs duties. The amendments include the omission of certain references to Chapters 84 and 85 of the Customs Tariff Act, 1975, and the addition of new items in the exemption list. These items include various goods such as rock drilling bits, power cranes, specific electrical apparatus, and shuttle cars designed for mining. Certain exclusions apply, such as ferrite permanent magnets and specific types of tractors. The changes are aimed at serving the public interest.
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