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of <h1>New Excise Duty Rates Announced for Iron and Steel Products Under Chapters 72 and 73 of Central Excise Tariff Act</h1> The notification issued by the Central Government prescribes the effective rates of basic excise duty for various iron and steel products under Chapters 72 and 73 of the Central Excise Tariff Act, 1985. This supersedes a previous notification from March 1, 1989. The rates are specified per tonne for different categories, including pig iron, ferrous products, flat-rolled products, bars, rods, wires, and tubes, among others. Rates vary depending on the product type and material, with examples such as Rs. 300 per tonne for pig iron and Rs. 2000 per tonne for stainless steel tubes. The notification aims to adjust duties in the public interest.
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