Prescribes effective rates of basic duty on specified goods of iron and steel falling under Chapter 72
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....ariff Act, 1975 (51 of 1975) specified in column (2) of the said Table, when imported into India, from so much of that portion of the duty of customs leviable thereon which is specified in the said First Schedule as is in excess of the amount calculated at the rate specified in the corresponding entry in column (4) of the said Table : Provided that nothing contained in this notification shall affect the exemption granted under any other notification of the Government of India for the time being in force from the duty of customs specified in the said First Schedule in respect of the goods referred to in this notification. TABLE S. No. Heading No./Sub-hea­ding No. Description of goods Rate (1) (2) (3) (4) ....
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.... (i) containing by weight less than 0.6% of carbon - (a) billets, blooms and slabs 15% ad valorem (b) sheet bars 45% ad valorem (c) pieces roughly shaped by forging 70% ad valorem (d) other 60% ad valorem (ii) containing by weight 0.6% or more of carbon - (a) blooms, billets, slabs and sheet bars 50% ad valorem (b) other 70% ad valorem 8. 72.08 Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated, containing by weight less than 0.6% of carbon - &nb....
TaxTMI