Iron or steel - 61/86 - Customs -Tariff

Iron or steel Notification No. 61/86-Cus. Dated 17-2-1986 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 goods specified in column (3) of the Table hereto annexed and falling under the sub-heading No. of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), specified in column (2) thereof, 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 amount calculated at the rate specified in the corresponding entry in column (4) of the said Table. TABLE Sl. No. Sub-heading No. of the First Schedule to the Customs Tariff Act, 1975 Description of goods Rate of duty (1) (2) (3) (4) 1. 7204.50 Remelting scrap ingots of iron or steel other than stainless steel. 100% ad valorem 2. 7207.12 7207.19 7207.20 Semi-finished products of iron or non-alloy steel (excluding pieces roughly shaped by forging of iron or steel) containing less than 0.6% by weight of carbon. 60% ad valorem 3. 7208.12 7208.13 7208.14 7208.21 7208.22 7208.23 7208.24 7211.12 7211.19 Coiled, semi-finished, hot-rolled products of iron or steel (having carbon content by weight less than 0.6%), of a rectangular section, not less than 1.5 mm. thick and of a width exceeding 500 mm. and of a weight not less than 500 Kgs. per piece. 60% ad valorem 4. 7208.41 Iron or steel products of rectangular section, hot-rolled lengthwise in closed box or universal mill (having carbon content by weight less than 0.6%), of a thickness exceeding 5 mm. but not exceeding 100 mm. and of a width not exceeding 1200 mm. 60% ad valorem 5. 7211.21 Iron or steel products of rectangular section, hot-rolled lengthwise in a closed box or universal mill, of a thickness exceeding 5 mm. but not exceeding 100 mm. and of less than 0.6% by weight of carbon content. 60% ad valorem 6. 7212.21 7212.29 7212.30 7212.50 Hoops and strips of iron or steel, (of carbon content less than 0.6% by weight) namely rolled products with sheared or unsheared edges, of rectangular section, of a thickness not exceeding 6 mm. of a width not exceeding 500 mm. and of such dimension that the thickness does not exceed one-tenth of the width, in straight strips, coils for flattened coils. 60% ad valorem 7. 7213.20 7213.50 7214.10 7214.20 7215.10 7215.90 Bars and rods of iron or steel containing less than 0.6% by weight of carbon. 60% ad valorem 8. 72.16 Angles, shapes or sections of iron or steel hot rolled, forged, extruded, cold formed, or cold finished, with less than 0.6% by weight of carbon content. 60% ad valorem 9. 7228.80 Hollow drill bars and rods (containing less than 0.6% by weight of carbon), of which the greatest external dimensions exceeds 15 mm. but does not exceed 50 mm., and of which the greatest internal dimensions does not exceed one third of the greatest external dimensions. 60% ad valorem 2. This notification shall come into force on the 28th day of February, 1986.