Customs exemption for Hot Briquetted Iron: imports for integrated steel plants relieved from excess customs duty and additional duty. The Central Government exempts hot briquetted iron (HBI) imported for use in integrated steel plants from customs duty in excess of the amount calculated at the rate of fifteen per cent ad valorem and from the whole of the additional duty leviable under Section 3 of the Customs Tariff Act; 'integrated steel plants' are defined as plants producing iron and steel from basic raw materials through to finished saleable items, and the notification is effective until 31 March 1988.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption for Hot Briquetted Iron: imports for integrated steel plants relieved from excess customs duty and additional duty.
The Central Government exempts hot briquetted iron (HBI) imported for use in integrated steel plants from customs duty in excess of the amount calculated at the rate of fifteen per cent ad valorem and from the whole of the additional duty leviable under Section 3 of the Customs Tariff Act; "integrated steel plants" are defined as plants producing iron and steel from basic raw materials through to finished saleable items, and the notification is effective until 31 March 1988.
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