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of <h1>Government Lowers Customs Duties on Imports for Electronics Manufacturing Under Customs Act, 1962</h1> The Central Government, under the Customs Act, 1962, has issued an exemption for specified goods imported for manufacturing certain products. This exemption reduces customs duties on goods listed in a table, which are necessary for manufacturing items like electronic valves, tubes, capacitors, and semiconductor devices. The exemption applies to the excess of the standard duty rate and the additional duty under the Customs Tariff Act, 1975, subject to conditions such as certification by relevant government officials and a bond from the importer to ensure the goods are used as intended.
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