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May 23, 2022

Reduction of Import Duty on key raw materials used in the Steel and Plastics industry.

by CA Shivam Jaiswal in Circular and Notifications

Reduction of Import Duty on key raw materials used in the Steel and Plastics industry.

MINISTRY OF FINANCE

(Department of Revenue) New Delhi

NOTIFICATION NO 26/2022-CUSTOMS | DATED: 21.05.2022

G.SR. 378(E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12) of section 3 of the Customs Tariff Act, 1975 (51 of 1975), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue),No. 50/2017-Customs, dated the 30th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 785(E), dated the 30th June, 2017, namely:

In the said notification, –

I. in the Table, –

  • after S. No. 141 and the entries relating thereto, the following S. Nos. and entries shall be inserted, namely: –
(1)(2)(3)(4)(5)(6)
141A2701
Anthracite/Pulverized coal injection (PCI) coal;
Coking coal
Nil
141B.2704Coke and semi-coke of coal, of lignite or of peat, whether or not Coke and semi-coke of coal, of lignite or of peat, whether or notNil
141C2710Naphtha1%
  • after S. No. 191 and the entries relating thereto, the following S. No. and entries shall be inserted, namely: –
(1)(2)(3)(4)(5)(6)
191A2910 20 00Methyloxirane (propylene oxide)2.5%
  • against S. No. 267, in column (3), for the entry, the entry “All goods” shall be substituted;
  • after S. No. 364C and the entries relating thereto, the following S. No. and entries shall be inserted, namely: –
(1)(2)(3)(4)(5)(6)
364D7202 60 00Ferro-nickelNil

This notification shall come into effect on the 22nd day of May, 2022.

[F. No. 354/12/2022-TRU] NITISH KARNATAK, Under Secy.

Note : The principal notification No. 50/2017-Customs, dated the 30th June, 2017 was published in the

Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i), vide number G.S.R. 785(E), dated the 30th June, 2017 and was last amended vide notification No. 02/2022-Customs, dated the 1st February, 2022, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i), vide number G.S.R. 76 (E), dated the 1st February, 2022.

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