Iron or steel

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....do, hereby exempts goods specified in column (3) of the Table hereto annexed and falling under the sub-heading No. of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), specified in column (2) thereof, 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 a....

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.... rectangular section, not less than 1.5 mm. thick and of a width exceeding 500 mm. and of a weight not less than 500 Kgs. per piece. 60% ad valorem   4. 7208.41 Iron or steel products of rectangular section, hot-rolled lengthwise in closed box or universal mill (having carbon content by weight less than 0.6%), of a thickness exceeding 5 mm. but not exceeding 100 mm. and of a wi....