Customs duty exemption reduces import duty on specified electrical goods to prescribed ad valorem rates. Notification No. 162/86 exempts specified Chapter 85 electrical goods on import by substituting the customs duty chargeable under the First Schedule with specified reduced ad valorem rates set out in the Table. The measure, issued under section 25(1) of the Customs Act, 1962 and superseding an earlier notification, identifies categories including DC generators, specified electric motors and their parts, flame-proof transformers and inductors, resistors, protective electrical apparatus, switchboards, carbon electrodes for electrolysers, and insulators, assigning either a reduced 50% or 40% ad valorem rate as applicable.
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Customs duty exemption reduces import duty on specified electrical goods to prescribed ad valorem rates.
Notification No. 162/86 exempts specified Chapter 85 electrical goods on import by substituting the customs duty chargeable under the First Schedule with specified reduced ad valorem rates set out in the Table. The measure, issued under section 25(1) of the Customs Act, 1962 and superseding an earlier notification, identifies categories including DC generators, specified electric motors and their parts, flame-proof transformers and inductors, resistors, protective electrical apparatus, switchboards, carbon electrodes for electrolysers, and insulators, assigning either a reduced 50% or 40% ad valorem rate as applicable.
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