CUSTOMS Notification No 28 of 2022 dated 21st May, 2022
Seeks to amend Second Schedule of the Customs Tariff Act, 1975 to increase and levy Export duty.
The extract of CUSTOMS Notification No. 28/2022- CUSTOMS is given below:
Notification No. 28/2022-CUSTOMS
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification No. 28/2022-Customs
New Delhi, the 21st May, 2022
G.S.R. (E).- Whereas, the Central Government is satisfied that export duty should be levied or increased on certain articles and that circumstances exist which render it necessary to take immediate action.
Now, therefore, in exercise of the powers conferred by sub-section (1) of section 8 of the Customs Tariff Act, the Central Government, hereby directs that the Second Schedule to the Customs Tariff Act shall be amended in the following manner, namely:-
In the Second Schedule to the Customs Tariff Act, -
(1) against Sl. No. 21, for the entry in column (4), the entry “50%” shall be substituted;
(2) against Sl. No. 22, for the entry in column (4), the entry “50%” shall be substituted;
(3) against Sl. No. 43, for the entry in column (3), the entry “Flat rolled products of iron or non-alloy steel, clad, plated or coated” shall be substituted;
(4) after Sl. No. 48 and the entries relating thereto, the following Sl. Nos. and entries relating thereto shall be inserted, namely:-
|
(1)
|
(2)
|
(3)
|
(4)
|
|
“48A.
|
7219
|
Flat-rolled products of stainless steel, of a width of
|
15%
|
|
|
|
600 mm or more
|
|
|
48B.
|
7222
|
Other bars and rods of stainless steel; angles, shapes
|
15%
|
|
|
|
and sections of stainless steel
|
|
|
48C.
|
7227
|
Bars and rods, hot-rolled, in irregularly wound coils,
|
15%”;
|
|
|
|
of other alloy steel
|
|
This notification shall come into force on the 22nd day of May, 2022.
[F. No. 354/12/2022-TRU]