https://www.taxtmi.com/news?id=14365 Imposition of higher basic customs duty on imported steel was sought to counter alleged dumping; WTO bound rates set the permissible ceiling for duties on iron and steel. The Government noted that the bound rate for the tariff chapter covering iron and steel comprises specified ceiling figures, and that a recent Budget increased the scheduled basic customs duty rate for iron and steel items while leaving the effective applied rates unchanged. This position was stated by the Ministry of Finance in response to a parliamentary question. en-us Fri, 24 Apr 2015 18:07:50 +0530 Fri, 24 Apr 2015 18:07:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14365 Imposition of higher basic customs duty on imported steel was sought to counter alleged dumping; WTO bound rates set the permissible ceiling for duties on iron and steel. The Government noted that the bound rate for the tariff chapter covering iron and steel comprises specified ceiling figures, and that a recent Budget increased the scheduled basic customs duty rate for iron and steel items while leaving the effective applied rates unchanged. This position was stated by the Ministry of Finance in response to a parliamentary question. News - Fri, 24 Apr 2015 18:07:50 +0530 https://www.taxtmi.com/news?id=14365