The CBIC amends the levy of export duty on several items in Notification No. 58/2022-Customs dated November 18, 2022, with effect from November 19, 2022, a nil rate of duty is imposed on the export of several stainless steel items, including flat-rolled products of stainless steel; other bars and rods of stainless steel; angles, shapes, and sections of stainless steel; bars and rods, hot-rolled, in irregularly wound coils, of other alloy steel, and so on.
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. 27/2011- Customs dated the 1st March, 2011, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 153(E), dated the 1st March, 2011, namely :-
In the said notification, in the Table,
(i) after S. No. 20 and the entries relating thereto, the following S. No. and entries shall be inserted, namely:
|
(1) |
(2) | (3) | (4) |
| “20A. |
2601 11 21, 2601 11 22, 2601 11 41, 2601 11 42 |
All Goods |
Nil |
|
20C |
2601 11 |
All Goods, other than goods mentioned in S. No. 20A |
30% |
| 20D | 2601 12 |
All Goods, other than iron ore pellets |
30%”; |
(ii) against S. No. 23, in column (4), for the entry “45%”, the entry “Nil” shall be substituted;
(iii) against S. No. 48, in column (4), for the entry “15%”, the entry “Nil” shall be substituted;
(iv) against S. No. 54, in column (4), for the entry “15%”, the entry “Nil” shall be substituted;
(v) against S. No. 55, in column (4), for the entry “15%”, the entry “Nil” shall be substituted;
(vi) against S. No. 56, in column (4), for the entry “15%”, the entry “Nil” shall be substituted;
(vii) against S. No. 57, in column (4), for the entry “15%”, the entry “Nil” shall be substituted;
(viii) against S. No. 58, in column (4), for the entry “15%”, the entry “Nil” shall be substituted;
(ix) after S. No. 61 and the entries relating thereto, the following S. Nos. and entries shall be inserted, namely: –
|
(1) |
(2) | (3) | (4) |
| “61A. | 7219 |
Flat-rolled products of stainless steel, of a width of 600 mm or more |
Nil |
|
61B. |
7222 |
Other bars and rods of stainless steel; angles, shapes and sections of stainless steel |
Nil |
| 61C. | 7227 |
Bars and rods, hot-rolled, in irregularly wound coils, of other alloy steel |
Nil”; |
This notification shall come into force on the 19th day of November, 2022.
The Notification can be accessed at: https://taxinformation.cbic.gov.in/view-pdf/1009553/ENG/Notifications
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