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of <h1>Government Amends Customs Notification: Sponge Iron Import Duty Rate Increased from 30% to 50% Ad Valorem</h1> The Central Government has amended Notification No. 197/90-Customs, originally issued on June 18, 1990, under the Customs Act, 1962. The amendments pertain to the import tariff on sponge iron. Specifically, the heading number in the notification has been changed from '72.03' to '72.05,' and the duty rate has been increased from '30% ad valorem' to '50% ad valorem.' These changes are deemed necessary in the public interest and are effective as of October 19, 1990, under Notification No. 257/90-Cus.
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