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of <h1>Central Government Revises Import Duty Rates on Steel and Crude Soybean Oil Under Customs Act, 1962</h1> The Central Government has amended Notification No. 21/2002-Customs, dated March 1, 2002, to revise the effective rates of import duties. As per Notification No. 122/2008-Customs dated November 18, 2008, a 5% import duty is imposed on steel items, while a 20% duty is applied to crude soybean oil. These changes are enacted under the authority of the Customs Act, 1962, and are deemed necessary in the public interest. Adjustments are made to specific entries in the original notification, reflecting the updated duty rates.
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