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of <h1>Customs Duty Exemptions for SAFTA Imports Revised from 10% to 7% (2006-2011) Under Customs Act, 1962.</h1> The notification issued on June 30, 2006, under the Customs Act, 1962, provides exemptions on customs duties for goods imported into India under the South Asian Free Trade Area (SAFTA) agreement. The exemptions apply to goods specified in the annexed table, with different duty rates depending on the country of origin. Countries in Appendix I, such as Pakistan and Sri Lanka, have different rates compared to those in Appendix II, including Bangladesh, Bhutan, Maldives, Nepal, and Afghanistan. The notification was amended several times, with duty rates revised from 10% to 7% over the years, and was eventually superseded by Notification No. 125/2011-Customs on December 30, 2011.
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