Effective Customs Duty Rates set for specified iron and steel imports, capping customs duty at prescribed ad valorem rates. The Central Government exempts specified Chapter 73 iron and steel imports from customs duty in excess of the ad valorem rates prescribed in the annexed Table, differentiating rates for stainless and other grades and for specific product subcategories. The exemption caps the portion of duty leviable under the First Schedule to the Customs Tariff Act at the stated effective rates, while preserving any higher priority exemptions granted by earlier notifications.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Effective Customs Duty Rates set for specified iron and steel imports, capping customs duty at prescribed ad valorem rates.
The Central Government exempts specified Chapter 73 iron and steel imports from customs duty in excess of the ad valorem rates prescribed in the annexed Table, differentiating rates for stainless and other grades and for specific product subcategories. The exemption caps the portion of duty leviable under the First Schedule to the Customs Tariff Act at the stated effective rates, while preserving any higher priority exemptions granted by earlier notifications.
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