Duty on Iron scrap

[P Ovhal]

Dear Team,

What is the rate of import duty on iron scrap

Please suggest notification & duty structure

Regards

Povhal

[YAGAY and SUN]

Basic 10% +Ed Cess 2% + SHE Cess 1% + CVD 10% +Ed Cess 2% + SHE Cess 1%+SAD 4%

AI Summary

Import duty on iron scrap involves layered basic duty, cesses, countervailing duty and a special additional duty in sequence.
Importation of iron scrap attracts a layered levy: a basic customs duty with education cess and secondary and higher education cess on that duty; a countervailing duty with its education and SHE cesses; and thereafter a special additional duty, applied in sequence to compute the total import tax on the goods.