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of <h1>India's Central Government Exempts Certain Machinery for Gems & Jewelry from Customs Duties Under Notification No. 159/86-Cus</h1> The Central Government of India issued Notification No. 159/86-Cus on March 1, 1986, under the Customs Act, 1962, exempting specific machinery and equipment used in the manufacture of gems and jewelry from certain customs duties. This exemption applies to goods listed in the notification that fall under Chapters 82, 84, 85, or 90 of the Customs Tariff Act, 1975. Registered exporters and cooperative societies of goldsmiths and artisans can import these goods into India with a reduced customs duty of 25% ad valorem and full exemption from additional duties. The notification lists various machinery and equipment eligible for this exemption.
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