Duty exemption for imported hot rolled non alloy steel coils limits customs liability to a prescribed composite duty rate. The Central Government exempts imported iron or non alloy steel hot rolled coils with carbon content below 0.6% from so much of the customs duty as exceeds the amount computed at an ad valorem rate of 15 percent plus a specific per tonne charge, under powers conferred by the Customs Act. 'Hot rolled coils' are defined as flat rolled products in coils, not further worked than hot rolled, of at least 1.5 mm thickness, width over 500 mm and weight not less than 500 kg per piece.
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Provisions expressly mentioned in the judgment/order text.
Duty exemption for imported hot rolled non alloy steel coils limits customs liability to a prescribed composite duty rate.
The Central Government exempts imported iron or non alloy steel hot rolled coils with carbon content below 0.6% from so much of the customs duty as exceeds the amount computed at an ad valorem rate of 15 percent plus a specific per tonne charge, under powers conferred by the Customs Act. "Hot rolled coils" are defined as flat rolled products in coils, not further worked than hot rolled, of at least 1.5 mm thickness, width over 500 mm and weight not less than 500 kg per piece.
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