Customs exemption for sponge iron and HBI imported for integrated steel plant use waives excess and additional duties. Exempts sponge iron and hot briquetted iron (HBI) in Chapter 72 when imported for use in integrated steel plants from customs duty exceeding the amount calculated at five per cent ad valorem and from the whole of the additional duty under the Customs Tariff Act, with eligibility limited to plants producing iron and steel from basic raw materials through to finished saleable items and the measure superseding an earlier notification.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption for sponge iron and HBI imported for integrated steel plant use waives excess and additional duties.
Exempts sponge iron and hot briquetted iron (HBI) in Chapter 72 when imported for use in integrated steel plants from customs duty exceeding the amount calculated at five per cent ad valorem and from the whole of the additional duty under the Customs Tariff Act, with eligibility limited to plants producing iron and steel from basic raw materials through to finished saleable items and the measure superseding an earlier notification.
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