Tariff amendments raise import duties on specified steel products and transmission components, imposing higher protective rates. The First Schedule to the Customs Tariff Act substitutes Heading No. 73.15 to impose a 60% duty on alloy and high carbon steel not elsewhere specified and a 300% duty on coils for re-rolling, bars, rods, wire rods, strips, sheets and plates of stainless steel; it also substitutes Heading No. 84.63 to impose a 60% duty on transmission and gearing items not elsewhere specified and a 100% duty on plain shaft bearings, with or without bearing housings.
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Tariff amendments raise import duties on specified steel products and transmission components, imposing higher protective rates.
The First Schedule to the Customs Tariff Act substitutes Heading No. 73.15 to impose a 60% duty on alloy and high carbon steel not elsewhere specified and a 300% duty on coils for re-rolling, bars, rods, wire rods, strips, sheets and plates of stainless steel; it also substitutes Heading No. 84.63 to impose a 60% duty on transmission and gearing items not elsewhere specified and a 100% duty on plain shaft bearings, with or without bearing housings.
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