<h1>Government Considers 25% Customs Duty on Imported Steel to Prevent Dumping, Within WTO Guidelines.</h1> The government has received requests to impose a 25% basic customs duty on imported steel to prevent dumping. According to WTO guidelines, the import duty can be as high as 40%. The bound rate for basic customs duty on iron and steel under Chapter 72 is either 25% or 40%. In the 2015-16 budget, the tariff rate for basic customs duty on iron, steel, and related articles was increased from 10% to 15%, but the effective rates remained unchanged. This information was provided by a government official in a written response to the Lok Sabha.