Exempt the import duty on goods which are being rationalized in the tariff

Last updated: 01 February 2025

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The Indian Government, through the Ministry of Finance, has issued a notification regarding customs duties. This notification exempts certain imported goods from full customs duty. The exemption applies to goods specified in a table, where the duty levied will be less than the standard rate as per the Customs Tariff Act, 1975. This measure is deemed to be in the public interest.

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)

Notification No. 04/2025–Customs

New Delhi, the 1st February, 2025

G.S.R…. (E). — In exercise of the powers conferred by sub-section (1) of section 25 of the Customs
Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts the goods of the description specified in column (3) of the Table below and falling within the heading, sub-heading or tariff item of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) as are specified in the corresponding entries in column (2) of the said Table, when imported into India, from so much of the duty of customs leviable thereon under the said First Schedule as is in excess of the amount calculated at the rate specified in the corresponding entry in column (4) of the said Table, namely

Official copy of the circular has been attached

FAQ :

The notification aims to exempt specific imported goods from paying the full customs duty, as part of a tariff rationalisation process, when it is deemed necessary in the public interest.

Goods eligible for exemption are described in column (3) of the table provided in the official notification and fall under specific headings, sub-headings, or tariff items of the Customs Tariff Act, 1975.

The exemption is granted by the Central Government under sub-section (1) of section 25 of the Customs Act, 1962, based on satisfaction that it is necessary in the public interest.

The duty of customs leviable on these goods will be calculated at a rate specified in column (4) of the table, which is less than the amount that would normally be charged under the First Schedule of the Customs Tariff Act, 1975.

An official copy of the circular detailing these exemptions has been attached to the notification.

Notification No : Notification No. 04/2025–Customs
Source : https://www.indiabudget.gov.in/doc/cen/cus0425.pdf

Attached File : 322600_11428_cus0425.pdf

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