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of <h1>New Customs Duty Rates on Iron & Steel Under Chapter 73: 35% to 155% Ad Valorem with Specific Exemptions</h1> The notification, issued by the Central Government under the Customs Act, 1962, prescribes the effective rate of basic customs duty on specified goods of iron and steel under Chapter 73 of the Customs Tariff Act, 1975. The document details various categories of iron and steel products, specifying different ad valorem duty rates based on the type of material, such as stainless steel or other forms. The rates range from 35% to 155% ad valorem, depending on the product category, with specific exemptions outlined in the notification.
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