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of <h1>India Exempts Parts Under Customs Act From Excess Duty; Applicable to Chapters 84 & 85 for Specific Uses</h1> The Central Government of India, under the Customs Act, 1962, exempts certain parts under Chapters 84 and 85 of the Customs Tariff Act, 1975, from customs duty exceeding the rate applicable to complete articles, reduced by 15% ad valorem. This exemption applies to parts required for initial setup, assembly, or manufacture of specific articles, contingent on certification by relevant authorities. Importers must execute a bond to pay duty differences if parts are not used as specified. The notification supersedes previous exemptions dated February 17, 1986, and lists specific articles eligible for this exemption.
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