Changes in Customs duties on iron and steel - Customs - F.No. 354/80/2004-TRU

Letter F.No. 354/80/2004-TRU Dated 20-8-2004 Government of India Ministry of Finance (Department of Revenue) Central Board of Excise Customs, New Delhi Subject : Changes in Customs duties on iron and steel. Notification No. 83/2004-Customs, dated 20th August 2004, has been issued today, for effecting the following changes in customs duties, in respect of iron and steel. These changes come into effect from today, i.e., 20th August 2004. (i) Customs duty on non-alloy steel (other than seconds and defectives) of headings 7201, 7203 to 7217 of the Customs Tariff, has been reduced from 10% to 5%; (ii) Customs duty has been exempted on melting scrap of iron and steel (other than stainless steel or heat resisting steel), for use in, or supply to, a unit for the purpose of melting (from 5%); (iii) Customs duty on ships for breaking up has been reduced from 15% to 5%. CVD exemption has now been withdrawn on such ships and additional duty of customs (CVD) as applicable will now be payable on import of such ships.