Reduced the Import duty on key raw materials used in the Steel and Plastics industry

The CBIC vide Notification No. 26/2022-Customs dated May 21, 2022 amended Notification No. 50/2017- Customs dated June 30, 2017 w.e.f. May 22, 2022 to reduce the customs duty and IGST on import in excess of as specified under: –

S. No.

Heading Description of Goods

Standard Rate

IGST

Condition No.

141A 2701

(a) Anthracite/Pulverized coal injection (PCI) coal.

(b) Coking coal

Nil

141B

2704

Coke and semi-coke of coal, of lignite or of peat, whether or not agglomerated

Nil
141C 2710 Naphtha 1%

191A

2910 20 00

Methyl oxirane (propylene oxide)

2.5%
267 3904

All goods other than polymers of vinyl chloride

All goods

7.5%

364D

7202 60 00

Ferro-nickel Nil

The Notification can be accessed at: https://taxinformation.cbic.gov.in/view-pdf/1009309/ENG/Notifications

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