Customs Notification Exempts Certain Lead Articles from Duty; Rates Set at 35%-40% Ad Valorem

Notification No. 40/95-Cus, dated March 16, 1995, issued under the Customs Act, 1962, exempts certain lead and articles thereof from portions of customs duty when imported into India. The exemption applies to goods falling under specified headings of the Customs Tariff Act, 1975. For goods under headings 78.01 or 78.02, the effective duty rate is 35% ad valorem, while for goods under headings 78.03 to 78.06, the rate is 40% ad valorem. The notification specifies that these rates apply subject to any conditions mentioned in the corresponding entry of the exemption table.

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