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of <h1>India Exempts Capital Goods from Customs Duties Under SHIS; Applicable to Textiles, Jute, and More Sectors.</h1> The Government of India issued Notification No. 104/2009, exempting certain capital goods and their components, spares, and parts from customs duties when imported under the Status Holder Incentive Scheme (SHIS). This exemption is applicable to goods imported with a duty credit scrip issued under the Foreign Trade Policy. The scrip is non-transferable and must be used for specific sectors like textiles, jute, handicrafts, and engineering, among others. Imports must comply with actual user conditions, and the scrip must be presented at customs for duty debit. The notification outlines specific conditions and sectors eligible for the exemption.
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