2.5 % import duty on select metals

May 10, 2013 11:47 pm | Updated November 17, 2021 02:29 am IST - NEW DELHI:

The Central Government has imposed 2.5 per cent import duty on various types of scraps — melting steel, stainless steel and aluminium scraps, and has withdrawn exemption of special additional customs duty on brass scrap.

The measures were taken through two different notifications issued on Wednesday by the Finance Ministry. It did not give reasons for making changes except saying that it is in public interest.

“In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments...,” said the notification, imposing 2.5 per cent import duty on steel and aluminium scraps. The scrap is used by medium and small scale industries.

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