CBIC notifies 36 Items on which Custom Duty reduced [Budget 2025]:

CBIC notifies 36 Items on which Custom Duty reduced [Budget 2025] The Central Board of Indirect Taxes and Customs (CBIC) has notified 36 items on which custom duty reduced via issuing a Notification. The Notification Read as Follows: 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:- This notification shall come into force on the 2nd day of February, 2025. For Official Notification Download PDF Given Below: