(a) the rates of duty on import of steel prevailing in the country during the last three years;
(b) whether any change is being considered in the near future; and
(c) if so, the details thereof alongwith reasons therefor?
(a) the rates of duty on import of steel prevailing in the country during the last three years;
(b) whether any change is being considered in the near future; and
(c) if so, the details thereof alongwith reasons therefor?
MINISTER OF STATE IN THE MINISTRY OF FINANCE(SHRI S.S. PALANIMANICKAM)
(a): The rates of basic customs duty applicable to different categories
of steel items during the last three financial years are indicated
below:
S.No. Categories of steel Rate of customs duty items 2007-08 2008-09 2009-10
1. Steel items i.e. ferro-alloys,flat 5% 5% 5% rolled products (hot rolled & cold rolled),bars,rods,angles,shapes and sections of stainless steel/other alloy steel,and wire of other alloy steel.
2. Tubes & pipes 10% 10% 10%
3. Seconds and defectives of iron and 10% 10% 10% steel
4. Melting scrap of iron and steel 5% Nil Nil
5. Melting scrap of Stainless steel 5% 5% 5%