Export duties increased and levied on specified iron and steel products etc.

The CBIC vide Notification No. 28/2022- Customs dated May 21, 2022 has issued amendments in the Second Schedule to the Customs Tariff Act, 1975 w.e.f. May 22, 2022 in the following manner, namely: –

S. No.

Heading Description of Goods Rate of Duty

(Old)

Rate of Duty

(New)

21

2601 11

Iron ore and concentrates, non-agglomerated

30% 50%
22 2601 12

Iron ore and concentrates, Agglomerated

30%

50%

43

7210,

7212

Flat rolled products of iron or non-alloy steel, plated or coated with zinc

Flat rolled products of iron or non-alloy steel, clad, plated or coated

20%

20%

In sequence of S. No. 48, following entries shall be inserted namely: –

S. No.

Heading Description of Goods Rate of Duty
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%

The Notification can be accessed at: https://taxinformation.cbic.gov.in/view-pdf/1009311/ENG/Notifications

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