Customs Duty on Steel Raised Again by 2.5%

7.5% Items go to 10%; 10% is now 12.5%

[Customs Notification No. 45 dated 12th August 2015]

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 12/2012-Customs, dated the 17th March, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 185(E), dated the 17th March, 2012, namely:-

In the said notification, in the Table,-

(i)   for serial number 329A and the entries relating thereto, the following serial number and the entries shall be substituted, namely:-

“329A

72

All goods other than goods mentioned against serial number 333B

10%

-

-”;

(ii)  for serial number 330 and the entries relating thereto, the following serial number and the entries shall be substituted, namely:-

“330

72 (except 7202 60 00, 7208, 7209, 7210, 7211, 7212, 7225 30 90, 7225 40 19, 7225 50 or 7225 99 00)

All goods other than the following:-

(i) goods mentioned against serial numbers 331, 332, 333, 333A, 333B and 334;

(ii) seconds and defectives of goods falling under Chapter 72

5%

-

-”;

(iii) after serial number 333 and the entries relating thereto, the following serial numbers and the entries shall be inserted, namely:-

“333A

7206, 7207, 7213, 7214, 7215, 7216, 7217, 7221, 7222, 7223, 7225 (except 7225 11 00, 7225 3090, 7225 4019, 7225 50 or 7225 9900), 7226 (except 7226 11 00), 7227 or 7228

All goods

10%

-

-

333B

7208, 7209, 7210, 7211, 7212, 7225 30 90, 7225 40 19, 7225 50 or 7225 99 00

All goods

12.5%

-

-”;

(iv) for serial number 334 and the entries relating thereto, the following serial number and the entries shall be substituted, namely:-

“334

7219, 7220

All goods other than seconds and defectives

7.5%

-

-”.

[F. No. 354/58/2015-TRU-(Part-I)]

 

SNo

Chapter/Heading
(Old)

Chapter/ Heading
(New)

Description of goods

Standard rate
(Old)

Standard rate
(New)

329A

72

 

All goods other than goods mentioned against serial number 333B

[45/12.08.2015 – The words in bold letters inserted;
10/01.03.2015 – SNo. 329A inserted]

NC

NC

330.

72 (except 7202 60 00, 7208, 7209, 7210, 7211, 7212, 7225 3090, 7225 4019, 7225 50 or 7225 9900)”

72 (except 7202 60 00, 7208, 7209, 7210, 7211, 7212, 7225 3090, 7225 4019, 7225 50 or 7225 9900)”

All goods other than the following:-

5%

5%

 

 

 

(i) goods mentioned against S. Nos. 331, 332, 333, 333A, 333B and  334

 

 

 

 

 

(ii) seconds and defectives of goods falling under Chapter 72

 

 

 

 

 

[45/12.08.2015 – Snos. 333A and 333B inserted

39/16.06.2015 – HS Codes amended]

 

 

333A

 

7206, 7207, 7213, 7214, 7215, 7216, 7217, 7221, 7222, 7223, 7225 (except 7225 11 00, 7225 3090, 7225 4019, 7225 50 or 7225 9900), 7226 (except 7226 11 00), 7227 or 7228

All goods

7.5%

10%

333B

 

7208, 7209, 7210, 7211, 7212, 7225 3090, 7225 4019, 7225 50 or 7225 9900

All goods
45/12.08.2015 – Snos. 333A and 333B inserted

10%

12.5%

334.

7206, 7207, 7213, 7214, 7215, 7216, 7217, 7219, 7220, 7221, 7222, 7223, 7225 (except 7225 11 00, 7225 3090, 7225 4019, 7225 50 or 7225 9900), 7226 (except 7226 11 00), 7227 or 7228

7206, 7207, 7213, 7214, 7215, 7216, 7217, 7219, 7220, 7221, 7222, 7223, 7225 (except 7225 11 00, 7225 3090, 7225 4019, 7225 50 or 7225 9900), 7226 (except 7226 11 00), 7227 or 7228

All goods other than seconds and defectives

[45/12.08.2015 – HS Codes amended
39/16.06.2015 – HS Codes amended
12/11.07.2014 - HS Codes amended; 45/13.07.2012 - HS Codes amended; Amended by Corrigendum/22.03.2012]

7.5%

7.5%