TaxTMI 
TaxTMI 
Increase in Basic Customs Duty on Imported Steel
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....ncrease in Basic Customs Duty on Imported Steel <br>News and Press Release<br>Dated:- 24-4-2015<br><BR>The Government has received representations for imposition of 25% basic customs duty on imported ....
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....steel to prevent dumping of steel. As per World Trade organization's (WTO) guidelines import duty can be imposed to the extent of 40%. The bound rate for basic customs duty on iron and steel failing....
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.... under Chapter 72 is 25% or 40%. In Budget 2015-16, tariff rate of basic customs duty on iron and steel and articles of iron and steel was increased from 10% to 15%. However, no change was made in the....
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.... existing effective rates of basic customs duty on these goods. This was stated by Shri Jayant Sinha, Minister of State in Ministry of Finance in written reply to a question in the Lok Sabha today.<....
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....BR> News - Press release - PIB....