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of <h1>Customs duty exemption for R&D imports by recognised in-house R&D units with minimum 20% government funding, five-year resale ban</h1> Notification exempts specified equipment, instruments, raw materials, components, pilot plants and computer software imported for approved research and development projects from customs duty when imported by companies with an in-house R&D unit recognised by the competent authority. The project must be partly government-funded with the relevant government body contributing at least 20% of total project cost. Import requires a certificate from a designated government officer confirming project cost, government share, prior imports and purpose. Exempt goods cannot be sold or transferred for five years and exemption is limited to the value equivalent to the government share. Validity extended to 31 March 2029; superseded by a later notification effective 1 November 2025.
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