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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>India Updates Customs Rules: Changes to Free Trade Zones, Export Obligations, and Duty-Free Inputs Under Customs Act, 1962.</h1> The Government of India, through the Ministry of Finance, has amended several customs notifications under the Customs Act, 1962, to align with public interest. Key changes include the removal of exemptions for goods in free trade zones, adjustments to export obligations, and updates to definitions and conditions related to export-oriented units and domestic tariff areas. Specific amendments address duty payments on duty-free inputs, redefine 'status holder' terms, and modify conditions for the use of imported goods. These amendments affect notifications from 1994, 1996, 2000, and 2003, ensuring compliance with updated trade policies and standards.
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