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of <h1>Govt exempts mineral and vegetable tanning extracts from customs duty exceeding 60% under Section 25(1) of Customs Act 1962.</h1> The Central Government, under the authority of Section 25(1) of the Customs Act, 1962, has issued Notification No. 50/86-Cus dated February 17, 1986. This notification exempts mineral tanning and vegetable-origin tanning extracts, excluding gambier, classified under sub-heading No. 3201.90 of the First Schedule to the Customs Tariff Act, 1975, from a portion of customs duty. The exemption applies to the amount exceeding 60% ad valorem. This exemption is effective from February 28, 1986, and aims to serve the public interest by reducing the customs duty on these imports.
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