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of <h1>India Raises Customs Duty on Iron & Steel Products, Amends Notification No. 12/2012-Customs with New Duty Rates</h1> The Government of India has issued Notification No. 45/2015-Customs to amend Notification No. 12/2012-Customs, increasing the Basic Customs Duty (BCD) on certain iron and steel products. Changes include revised duty rates for specific serial numbers in the notification table. For instance, a 10% duty applies to goods under serial number 329A, while goods under serial number 333B are subject to a 12.5% duty. The amendments aim to adjust the customs tariff structure for various iron and steel products, effective from the date of publication in the Gazette of India.
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