Increase in Basic Customs Duty on Imported Steel

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..... Increase in Basic Customs Duty on Imported Steel - News and Press Release Dated:- 24-4-2015 - News - The Government has received representations for imposition of 25% basic customs duty on imported .....

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..... steel to prevent dumping of steel. As per World Trade organization s (WTO) guidelines import duty can be imposed to the extent of 40%. The bound rate for basic customs duty on iron and steel fail .....

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..... ing under Chapter 72 is 25% or 40%. In Budget 2015-16, tariff rate of basic customs duty on iron and steel and articles of iron and steel was increased from 10% to 15%. However, no change was made i .....

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..... n the existing effective rates of basic customs duty on these goods. This was stated by Shri Jayant Sinha, Minister of State in Ministry of Finance in written reply to a question in the Lok Sabha .....

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..... today. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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