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of <h1>Export Duties Increased to 15% on Certain Steel Products per Customs Notification 29/2022, Effective May 22, 2022.</h1> The Ministry of Finance, Department of Revenue, has issued Notification No. 29/2022-Customs, amending Notification No. 27/2011-Customs dated March 1, 2011. The amendment increases export duties on certain goods. Specifically, the duty for certain flat-rolled products of iron or non-alloy steel has been adjusted to 15%, while some entries have been omitted or replaced. These changes are made under the authority of the Customs Act, 1962, and take effect on May 22, 2022. The notification aims to address public interest considerations by modifying the existing customs tariff framework.
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