Customs exemption for specified iron and steel imports prescribes effective ad valorem rates and preserves other exemptions. The Central Government exempts, on import, specified iron and steel goods from that portion of customs duty in the First Schedule which exceeds the ad valorem rates set in the annexed Table, superseding Notification No. 77/92-Cus., and preserving other existing notificational exemptions; the Table fixes effective rates for specified tariff headings including pig iron, ferro-alloys, direct-reduction ferrous products, ferrous scrap, primary forms and various flat-rolled and semi-finished products, while excluding the exemption for certain flat-rolled products when galvanized, painted or variously coated.
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Customs exemption for specified iron and steel imports prescribes effective ad valorem rates and preserves other exemptions.
The Central Government exempts, on import, specified iron and steel goods from that portion of customs duty in the First Schedule which exceeds the ad valorem rates set in the annexed Table, superseding Notification No. 77/92-Cus., and preserving other existing notificational exemptions; the Table fixes effective rates for specified tariff headings including pig iron, ferro-alloys, direct-reduction ferrous products, ferrous scrap, primary forms and various flat-rolled and semi-finished products, while excluding the exemption for certain flat-rolled products when galvanized, painted or variously coated.
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