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of <h1>Government Removes Export Duties on Iron Ore and Steel Products Effective November 19, 2022 under Customs Act, 1962.</h1> The Central Government has amended Notification No. 27/2011-Customs, dated March 1, 2011, to withdraw export duties on certain iron ore and steel products. Effective November 19, 2022, the export duty on specific goods under tariff headings 2601, 7219, 7222, and 7227 is set to nil. Notable changes include the removal of a 45% duty on certain goods and a 15% duty on others, including flat-rolled products of stainless steel and bars and rods of alloy steel. These amendments are enacted under the Customs Act, 1962, in the public interest.
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