Iron or steel

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..... to do, hereby exempts high Carbon Steel in the forms described in the Table below and falling within Chapter 72 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), 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 of 50% ad valorem . TA .....

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..... eel" means steel hollow bars of any cross section, suitable for mining drills, of which the greatest external dimension exceeds 15 mm. but does not exceed 50 mm and of which the greatest internal dimension does not exceed one-third of the greatest external dimension. 2. This notification shall come into force on the 28th day of February, 1986. - Notification Tax Management India - taxma .....

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