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of <h1>India Exempts Specified Goods From Customs Duties Exceeding Standard Rates Per Notification No. 27/2003-Customs Under Customs Act, 1962</h1> The Central Government of India issued Notification No. 27/2003-Customs on March 1, 2003, under the Customs Act, 1962, to exempt specified goods from customs duties exceeding the standard and preferential rates outlined in the notification. The notification lists various goods categorized by chapter, heading, sub-heading, or tariff item under the First Schedule to the Customs Tariff Act, 1975. It specifies the applicable standard and preferential duty rates for these items, with some rates defined as ad valorem or based on quantity, such as per square meter or per kilogram, ensuring public interest is maintained.
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