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of <h1>India Grants Customs Duty Exemptions for Moulds, Tools, and Dies for Electronics Manufacturing Under Notification No. 343/86-Cus</h1> The Central Government of India issued Notification No. 343/86-Cus on June 16, 1986, under the Customs Act, 1962, granting exemptions for moulds, tools, and dies under Chapters 82 and 84 of the Customs Tariff Act, 1975. These items, when imported for manufacturing electronic components, are exempt from certain customs duties. Specifically, the exemption covers the portion of customs duty exceeding 30% ad valorem and the entire additional duty. This exemption is contingent upon certification by a Joint Director in the Department of Electronics, confirming the necessity and specifications of the items for the intended purpose.
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