Customs Duty on Most Steel Raised by 2.5%; 5% Items go to 7.5%, 7.5% up to 10%

Semi Finished Steel, Bars and Rods, CR and HR Coils of Carbon Steel and Stainless Steel Affected

[Ref: Notification No. 39/2015-Customs dated 16 June 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, which was 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)     against S. No. 330, for the entry in column (2), the entry “72 (except 7202 60 00, 7208, 7209, 7210, 7211, 7212, 7225 3090, 7225 4019, 7225 50 or 7225 9900)” shall be substituted;

(ii)    against S. No. 334, for the entry in column (2), the entry “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” shall be substituted.

[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
[10/01.03.2015 – SNo. 329A inserted]

10%

NC

330.

72 (except 72026000)

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 and  334

 

 

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

 

 

334.

7208, 7209, 7210, 7211, 7212, 7219, 7220, 7225 30 90, 7225 40 19, 7225 50 or 7225 99 00

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

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

7.5%

7.5%

 

 

7208, 7209, 7210, 7211, 7212

 

7.5%

10%

 

 

7225 3090, 7225 4019, 7225 50 or 7225 9900

 

7.5%

10%