Export Duty Revision to Iron ore, Pig Iron and Steel Products under Second Schedule of Customs Act, 1962

[Notification No. 28/2022-Customs dated 21 May 2022]

Seeks to amend Second Schedule of the Customs Tariff Act, 1975 to increase and levy Export duty.

G.S.R. (E).- Whereas, the Central Government is satisfied that export duty should be levied or increased on certain articles and that circumstances exist which render it necessary to take immediate action.

Now, therefore, in exercise of the powers conferred by sub-section (1) of section 8 of the Customs Tariff Act, the Central Government, hereby directs that the Second Schedule to the Customs Tariff Act shall be amended in the following manner, namely:-

In the Second Schedule to the Customs Tariff Act, -

(1) against Sl. No. 21, for the entry in column (4), the entry “50%” shall be substituted;

(2) against Sl. No. 22, for the entry in column (4), the entry “50%” shall be substituted;

(3) against Sl. No. 43, for the entry in column (3), the entry “Flat rolled products of iron or non-alloy steel, clad, plated or coated” shall be substituted;

(4) after Sl. No. 48 and the entries relating thereto, the following Sl. Nos. and entries relating thereto shall be inserted, namely:-

(1)	(2)	(3)	(4)
“48A.	7219	Flat-rolled products of stainless steel, of a width of 600 mm or more	15%
48B.	7222	Other bars and rods of stainless steel; angles, shapes and sections of stainless steel	15%
48C.	7227	Bars and rods, hot-rolled, in irregularly wound coils, of other alloy steel	15%”;

2. This notification shall come into force on the 22^nd day of May, 2022.

[F. No. 354/12/2022-TRU]