Customs exemption for sponge iron for electric arc furnace: duty capped and additional duty waived subject to officer verification. The Central Government exempts sponge iron imported for use in electric arc furnace from customs duty in excess of a prescribed ad valorem cap and from the additional duty under section 3 of the Customs Tariff Act, conditional on satisfaction by the proper officer that the imports are actually used in electric arc furnaces; the notification supersedes the earlier cited notification and is limited to a specified period of operation.
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Customs exemption for sponge iron for electric arc furnace: duty capped and additional duty waived subject to officer verification.
The Central Government exempts sponge iron imported for use in electric arc furnace from customs duty in excess of a prescribed ad valorem cap and from the additional duty under section 3 of the Customs Tariff Act, conditional on satisfaction by the proper officer that the imports are actually used in electric arc furnaces; the notification supersedes the earlier cited notification and is limited to a specified period of operation.
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