Customs duty cap on iron and steel imports limits payable duty to notified ad valorem rates, subject to other exemptions. Exempts specified iron and steel imports classified under Chapters 72 and 73 from customs duty to the extent that duty exceeds amounts calculated at the notified ad valorem rates for each listed product; a table prescribes product descriptions and corresponding rates, with explanatory definitions for certain product categories and a proviso preserving other existing exemption notifications, effective from the stated commencement date.
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Customs duty cap on iron and steel imports limits payable duty to notified ad valorem rates, subject to other exemptions.
Exempts specified iron and steel imports classified under Chapters 72 and 73 from customs duty to the extent that duty exceeds amounts calculated at the notified ad valorem rates for each listed product; a table prescribes product descriptions and corresponding rates, with explanatory definitions for certain product categories and a proviso preserving other existing exemption notifications, effective from the stated commencement date.
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