Customs Act, 1962 — Chapter IX: Warehousing
66. Power to exempt imported materials used in the manufacture of goods in warehouse
If imported materials are used under section 65 to manufacture goods, and the duty rate on the materials exceeds the rate on the resulting goods, the Central Government, if satisfied it is necessary for establishing or developing a domestic industry, may, by notification, exempt the imported materials from the whole or part of the excess duty rate.
