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<h1>Molasses (excluding flavoured/coloured) exempt from customs duty exceeding 60% under Section 25(1) Customs Act 1962.</h1> The Central Government, under the authority of Section 25(1) of the Customs Act, 1962, has issued Notification No. 43/86-Cus dated February 17, 1986, exempting molasses (excluding flavoured or coloured varieties) classified under Heading No. 17.03 of the First Schedule to the Customs Tariff Act, 1975, from a portion of the customs duty. The exemption applies to the extent that the duty exceeds 60% ad valorem. This notification is effective from February 28, 1986.