Notification / Circular No – 45/2025 – Customs dated October 24, 2025
Applicable Act/Rule: Customs Act, 1962; Customs Tariff Act, 1975
Effective Date – November 01, 2025
The Ministry of Finance has introduced a unified notification consolidating decades of scattered customs exemptions. This step simplifies the exemption structure, removes redundant notifications, and ensures periodic review to maintain policy clarity and administrative efficiency.
The Government has rescinded 31 earlier notifications (issued between 1957 and 2025) and merged them under one comprehensive framework. Key examples include Notifications 1/2025, 57/2022, 50/2017, 81/2005, 51/1996, and 3/1957–Customs.
The new framework introduces four consolidated tables (Table I–IV) specifying tariff items, duty rates, and conditions. It covers exemptions for sectors such as agriculture, pharmaceuticals, renewable energy, electronics, defence, and SEZ operations.
Exemptions are now time-bound, expiring on March 31, 2026 / 2027 / 2029, subject to review.
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