Customs tariff amendments revise ad valorem rates and definitions for specified iron and steel notifications, altering duty treatment. Amendments revise tariff treatment of specified iron and steel products by substituting revised ad valorem duty rates, changing the duty calculation method to limit exemption to the portion in excess of an amount calculated at a stated rule, omitting a table entry, substituting the definition of high carbon steel, revising a per tonnage charge, and extending a specified expiry date under powers of the Customs Act, 1962.
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Customs tariff amendments revise ad valorem rates and definitions for specified iron and steel notifications, altering duty treatment.
Amendments revise tariff treatment of specified iron and steel products by substituting revised ad valorem duty rates, changing the duty calculation method to limit exemption to the portion in excess of an amount calculated at a stated rule, omitting a table entry, substituting the definition of high carbon steel, revising a per tonnage charge, and extending a specified expiry date under powers of the Customs Act, 1962.
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