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of <h1>Customs Duty Exemption for Red Cross Gift Items Rescinded in 2020; Paper Money, Woolen Fabrics Affected.</h1> The notification issued on February 4, 2003, under the Customs Act, 1962, exempts certain goods, including paper money and woolen fabrics and apparels received as gifts by the Indian Red Cross, from customs duties and integrated tax as per the Customs Tariff Act, 1975. This exemption was considered necessary in the public interest. Several items previously listed, such as works of art and antiques intended for public exhibition, were omitted in subsequent amendments, including those made in 2011 and 2017. The notification was rescinded by Notification No. 12/2020-Customs on February 2, 2020.
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