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of <h1>India Rescinds Customs Duty Exemption on Raw Cotton via Notification No. 107/2010-Customs, Effective Immediately.</h1> The Government of India, through the Ministry of Finance, has issued Notification No. 107/2010-Customs, dated October 1, 2010, to rescind Notification No. 59/2010-Customs from May 10, 2010. This earlier notification had provided an exemption from customs duty on raw cotton under the Second Schedule. The rescission is enacted under the authority of section 25(1) of the Customs Act, 1962, and is deemed necessary in the public interest. The rescission does not affect actions completed or omitted before its implementation.
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