Effective rates for specified goods of Chapter 72 - 51/94 - Customs -Tariff

Effective rates for specified goods of Chapter 72 Notification No. 51/94-Cus. Dated 1-3-1994 In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the goods specified in column (3) of the Table hereto annexed and falling under the Chapter or heading Nos. of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), specified in column (2) of the said Table, when imported into India, from so much of that portion of the duty of customs leviable thereon which is specified in the said First Schedule as is in excess of the rate specified in the corresponding entry in column (4) of the said Table, subject to conditions, if any, specified in the corresponding entry in column (5) of the said Table : TABLE Sl. No. Chapter No. or heading No. Description of goods Rate Conditions (1) (2) (3) (4) (5) 1. 72.07 Billets, blooms and slabs containing by weight less than 0.6% of Carbon 30% ad valorem Nil 2. 7204.21 Scrap of stainless steel 30% ad valorem For melting purpose. 3. 72.03 Hot briquetted iron (HBI) and sponge iron 30% ad valorem When imported into India by or on behalf of an electric arc furnace unit or induction furnace unit. 4. 72.02 Ferro-alloys (i) Ferro-nickel (ii) Ferro-molybde-num 30% ad valorem Nil 5. 72 Tin mill black plate (TMBP) coils 30% ad valorem When imported into India for manufacture of tin plates. 6. 72.01 Pig iron 20% ad valorem Nil