Prescribes effective rates of basic duty on specified goods of iron and steel falling under Chapter 72
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Customs duty exemptions on iron and steel imports adjust effective basic duty rates and carve out coated flat rolled products from relief.
Prescribes effective basic duty rates and a partial exemption mechanism for specified iron and steel imports by exempting that portion of the scheduled basic customs duty which exceeds the stated effective rate for each listed commodity. The table identifies Chapter 72 headings and subheadings, distinguishes products by form, alloy and carbon content, and sets ad valorem percentages or per tonne specific duties. An exclusion denies the exemption for certain flat rolled products if galvanized, painted, alloy coated, colour coated, plastic coated or lacquer coated, while preserving any other in force exemptions.