Seeks to amend Second Schedule of the Customs Tariff Act, 1975 to increase and levy Export duty. - 28/2022 - Customs -Tariff

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION NO. 28/2022-Customs New Delhi, the 21st May, 2022 G.S.R. 380(E).- Whereas, the Central Government is satisfied that export duty should be levied or increased on certain articles and that circumstances exist which render it necessary to take immediate action. Now, therefore, in exercise of the powers conferred by sub-section (1) of section 8 of the Customs Tariff Act , the Central Government, hereby directs that the Second Schedule to the Customs Tariff Act shall be amended in the following manner, namely:- In the Second Schedule to the Customs Tariff Act, - (1) against Sl. No. 21, for the entry in column (4), the entry 50% shall be substituted; (2) against Sl. No. 22, for the entry in column (4), the entry 50% shall be substituted; (3) against Sl. No. 43, for the entry in column (3), the entry Flat rolled products of iron or non-alloy steel, clad, plated or coated shall be substituted; (4) after Sl. No. 48 and the entries relating thereto, the following Sl. Nos. and entries relating thereto shall be inserted, namely:- (1) (2) (3) (4) 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% ; 2. This notification shall come into force on the 22nd day of May, 2022. [F. No. 354/12/2022-TRU] NITISH KARNATAK, Under Secy.