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of <h1>India Reduces Customs Duty to 1% for Specific Imports Under Notification No. 24/2012-Customs, Effective March 28, 2012.</h1> The Government of India, through the Ministry of Finance's Department of Revenue, issued Notification No. 24/2012-Customs to amend Notification No. 12/2012-Customs. This amendment, effective from March 28, 2012, modifies the customs duty rate on certain imported goods. Specifically, in the table of the original notification, for Serial No. 200, item (i), the duty rate is changed to '1%'. This adjustment is made under the authority of Section 25(1) of the Customs Act, 1962, in the public interest.
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