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of <h1>India Cuts Customs Duty to 40% on Mining Tractors and Parts Under Notification 68/86-Cus, Effective February 28, 1986.</h1> The Central Government of India, under the powers conferred by Section 25(1) of the Customs Act, 1962, has issued Notification No. 68/86-Cus dated February 17, 1986, exempting certain goods from a portion of customs duty. The exemption applies to specific items listed in the Customs Tariff Act, 1975, including tractors not designed for road transport, shuttle cars for mining, and parts for both. The duty on these items is reduced to 40% ad valorem. This notification is effective from February 28, 1986.
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