The Ministry of Finance, through Notification No. 43/2025-Customs dated September 30, 2025, has introduced a customs duty exemption on specified goods imported into India from Iceland. This exemption, enacted under Section 25(1) of the Customs Act, 1962, is in the public interest. The notification provides relief on three levies: the basic Customs Duty, the Agriculture Infrastructure and Development Cess (AIDC), and the Health Cess.
For the goods listed in the appended TABLE (which is not included in the summary input), the duty and cess payable are reduced to the specific rates mentioned in columns (4), (5), and (6) respectively. A critical condition for availing this reduced duty is the requirement for the importer to prove, to the satisfaction of the relevant Customs officer, that the imported goods genuinely originate from Iceland. This proof must align with the Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020, ensuring that the exemption benefits are limited to goods meeting the stipulated criteria for Icelandic origin.
MINISTRY OF FINANCE
(Department of Revenue)
Notification No. 43/2025 – Customs | Dated: 30th September, 2025
G.S.R. 730(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, being satisfied that it is necessary in the public interest so to do, hereby exempts goods of the description as specified in column (3) of the TABLE appended below and falling under the Tariff item of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) as specified in the corresponding entries in column (2) of the said TABLE, –
(i) from so much of the duty of customs leviable thereon, as is in excess of the amount calculated
at the rate specified in the corresponding entries in column (4) of the said TABLE;
(ii) from so much of the Agriculture Infrastructure and Development Cess (AIDC) leviable under section 124 of the Finance Act, 2021 (13 of 2021), as is in excess of the amount calculated at the rate specified in the corresponding entries in column (5) of the said TABLE;
(iii) from so much of the Health Cess leviable under section 141 of the Finance Act, 2020 (12 of 2020), as is in excess of the amount calculated at the rate specified in the corresponding entries in column (6) of the said TABLE,
when imported into Republic of India from Iceland:
Provided that the exemption shall be available only if importer proves to the satisfaction of the Deputy Commissioner of Customs or Assistant Commissioner of Customs, as the case may be, that the goods in respect of which the benefit of this exemption is claimed are of the origin of Iceland, in terms of the Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 and rules as may be notified in this regard by the Central Government by publication in the official Gazette.
2. This notification shall come into force with effect from the 1stday of October, 2025.
[F. No. CBIC-190354/91/2025-TRU]
DHEERAJ SHARMA, Under Secy.
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MINISTRY OF FINANCE
(Department Of Revenue)
CORRIGENDUM
New Delhi, the 1st October, 2025
G.S.R.732(E).—In the notification of the Government of India, Ministry of Finance (Department of Revenue) No. 43/2025-Customs, dated the 30th September, 2025, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 730(E), dated the 30th September, 2025, at page 454,-
in line 38, in column (3), for ‘All Goods’ read ‘All Goods other than Imidacloprid (ISO)’.
[F No. CBIC-190354/91/2025-TRU]
DHEERAJ SHARMA, Under Secy.
