2.5% Basic Custom Duty Applicable on Melting Scrap of Stainless Steel

Zero Basic Duty is only for Melting Scrap of Iron or Steel (other than Stainless Steel)

The underlined words included in the item description of SNo. 202 of 21/01.03.2002.

[Customs Notification No. 69 dated 23^rd June 2010]

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), 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. 21/2002-Customs, dated the 1st March, 2002 which was published in the Gazette of India, Extraordinary, vide G.S.R. 118 (E) of the same date, namely: -

In the said notification, -

(I) in the Table,-

(i) against S.No. 200, for the entry in column (3), the entry “Melting scrap of iron or steel (other than stainless steel)” shall be substituted.

[F. No. 354/94/2010-TRU]