|
| |
|
|
|
|
| |
24th
April, 2002
|
| Ministry
of Steel |
|
|
|
 |
DUTY HIGHLIGHTS PERTAINING STEEL SECTOR IN BUDGET-2002-03
/BACKGROUNDER/
- Customs
duty on refractory raw materials, low silica limestone and graphite
electrodes has been revised as follows in the year 2002-03 budget:
|
Commodity
|
From (%)
|
To (%)
|
|
Natural Graphite
Powder
|
35
|
25
|
|
Andalusite
|
25
|
15
|
|
Fused Mullite
|
25
|
15
|
|
Aluminous Cement
|
35
|
25
|
|
Silicon Metal (99
per cent purity)
|
35
|
25
|
|
Micro/Fumed Silica
|
35
|
25
|
|
Calcined Alumina
|
35
|
25
|
|
Brown fused Alumina
|
35
|
25
|
|
Sintered/Tabular
Alumina
|
35
|
25
|
|
Fused Zirconia
|
35
|
25
|
|
Sodium Hexametaphosphate
|
35
|
25
|
|
Barcon Carbide
|
35
|
25
|
|
Silicon Carbide
|
35
|
25
|
|
Reactive Alumina
|
35
|
25
|
|
Low Silica Limestone
(less than 0.6 per cent Silica Content)
|
25
|
15
|
|
Graphite Electrodes
(above 24 inches)
|
25
|
15
|
- HR SS Coils for coin blanks
exempted from customs duty.
- Customs Duty
on Metcoke imported by cores technology based steel plants reduced
from 15 per cent to 5 per cent.
- Customes Duty
on HRGO/HRNGO reduced from 35 per cent to 25 per cent.
- Customs Duty on ships for breaking
has been increased from 5 per cent to 15 per cent along with
exemption from CVD and SAD.
- Customs duty on seconds and defectives
of steel increased to the bound rate of 40 per cent.
- Non-Ferrous Metals
- Custom
Duty on copper, zinc and lead has been reduced from 35 per cent
to 25 per cent.
- Custom
Duty on tin reduced from 25 per cent to 15 per cent.
- Custom
Duty on aluminum reduced from 25 per cent to 15 per cent.
|
| |
|
|
|
|
|
|