Exemption of high carbon steel imports from excess customs duty under a capped ad valorem rate, with composition criteria specified. Exemption is granted for imported products of High Carbon Steel (sub Chapter II) and Alloy Steel (sub Chapter IV) of Chapter 72 from that portion of customs duty in the First Schedule which exceeds an amount calculated at a specified ad valorem rate. High Carbon Steel is defined as steel with at least 0.60% carbon by weight and specified maximum phosphorus and sulphur contents. The notification specifies its commencement date in February 1986.
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Provisions expressly mentioned in the judgment/order text.
Exemption of high carbon steel imports from excess customs duty under a capped ad valorem rate, with composition criteria specified.
Exemption is granted for imported products of High Carbon Steel (sub Chapter II) and Alloy Steel (sub Chapter IV) of Chapter 72 from that portion of customs duty in the First Schedule which exceeds an amount calculated at a specified ad valorem rate. High Carbon Steel is defined as steel with at least 0.60% carbon by weight and specified maximum phosphorus and sulphur contents. The notification specifies its commencement date in February 1986.
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