Increase export duty on specified iron and steel products

The CBIC vide Notification No. 29/2022-Customs dated May 21, 2022 amended Notification No. 27/2011 dated March 1, 2011 to increase export duty on certain iron and steel products, namely: –

S. No.

heading Description of goods Rate of Duty

(Old)

Rate of Duty

(New)

20A 2601 11 21, 2601 11 22,

2601 11 41, 2601 11 42

All goods Nil

–

23

26011210 Iron ore pellets Nil 45%
48 7201

Pig iron and spiegeleisen in pigs, blocks, or other primary forms

Nil

15%

54

7208

Flat rolled products of iron or non-alloy steel, hot rolled, not clad, plated, or coated

Nil 15%
55 7209

Flat rolled products of iron or non-alloy steel, cold rolled (cold-reduced), not clad, plated, or coated

Nil

15%

56

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, of a width of 600 mm or more, clad, plated or coated

Nil 15%
56A 7212

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

 

Nil

57

7213

Bars and rods, hot-rolled, in irregularly wound coils, of iron or non-alloy steel

Nil 15%
58 7214

Other bars and rods of iron or non-alloy steel, not further worked than forged, hot-rolled, hot-drawn or hot-extruded, but including those twisted after rolling

Nil

15%

The Notification can be accessed at: https://taxinformation.cbic.gov.in/view-pdf/1009312/ENG/Notifications

We have recently released the 7th Edition (May, 2022) of our book on Goods and Services Tax, titled, “GST LAW AND COMMENTARY – WITH ANALYSIS AND PROCEDURES”, updated with the Finance Act, 2022 in a set of 4 Volumes. We thank you all for the support and your enduring response.

Have a look at the complete tour of the Book at: https://cutt.ly/nF6O0oN

Order your copy now and be a part of the GST learning excursion in the most comprehensive and lucid form !!

For more details and purchase online at: https://cutt.ly/RFMox8D

Scroll to Top