Customs exemption for alloy and high carbon steel imports caps duty at a prescribed ad valorem rate for specified forms. The Central Government exempts specified forms of alloy steel (excluding stainless steel) and high carbon steel within Chapter 72 from customs duty exceeding the amount calculated at a 40% ad valorem rate on import. The exemption covers iron or steel coils for re-rolling, universal plates of iron or steel, and iron or steel wire (whether or not coated but not insulated). The notification provides dimensional and compositional definitions for coils for re-rolling, universal plates, and high carbon steel, and comes into force on 28 February 1986.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption for alloy and high carbon steel imports caps duty at a prescribed ad valorem rate for specified forms.
The Central Government exempts specified forms of alloy steel (excluding stainless steel) and high carbon steel within Chapter 72 from customs duty exceeding the amount calculated at a 40% ad valorem rate on import. The exemption covers iron or steel coils for re-rolling, universal plates of iron or steel, and iron or steel wire (whether or not coated but not insulated). The notification provides dimensional and compositional definitions for coils for re-rolling, universal plates, and high carbon steel, and comes into force on 28 February 1986.
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