Customs Duty on Steel Increased
GOVERNMENT has increased the Customs duty on steel by a complicated amendment to Sl. Nos.329A 330 and 334 and inserting new Sl. Nos333A and 333B in the table to Notification No. 12/2012- Customs, dated the 17th March, 2012.
Though the steel industry is not very much excited, the Steel Minister is.
The Steel Minister Narendra Singh Tomar tweeted:
Heartfelt gratitude to Hon'ble Shri Narendra Modi and Shri Arun Jaitley for the decision to increase import duty in keeping with the immediate needs of the steel industry.
Legal Corner Icon — the image was hosted by the publisher and was not captured.A similar exercise was done in June this year and the Steel Minister had then tweeted that it was a solid initiative towards fulfilling the government's goal of ‘Make in India' - See .
Notification No. , Dated: August 12, 2015