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of <h1>Notification Rescinded: Customs Duty Exemption for Iron and Steel Inputs Under Engineering Products Export Scheme Ended.</h1> The notification issued on March 7, 1995, exempts customs duty on inputs required for manufacturing iron and steel intermediates imported into India, under specific conditions. Importers must possess a valid import license under the Engineering Products Export Scheme and provide a bond to cover potential duty liabilities. Imported inputs must be used solely for manufacturing and supplying iron and steel intermediates, and cannot be disposed of otherwise. The notification specifies designated ports and airports for import and export, and allows for the transferability of licenses only after obligations are fulfilled. This notification was rescinded on February 2, 2022.
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