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of <h1>Government Amends Customs Tariff Act: New Export Duties on Steel Products, Effective May 22, 2022, Under Notification No. 28/2022-Customs.</h1> The Central Government has issued Notification No. 28/2022-Customs to amend the Second Schedule of the Customs Tariff Act, 1975, effective May 22, 2022. The amendment increases the export duty to 50% for items listed under Sl. Nos. 21 and 22. Additionally, it modifies the description for Sl. No. 43 to include flat-rolled products of iron or non-alloy steel, clad, plated, or coated. New entries 48A, 48B, and 48C have been added, imposing a 15% export duty on specified stainless steel and alloy steel products.
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