September 06, 2008
Indian export tax on steel becomes official
Indian government’s finance ministry’s revenue department vide notification No 66/2008-CUSTOMS dated May 10th 2008 under sub section (1) of section 25 of the Customs Act of 1962 (52 of 1962), said that the central government, on being satisfied that it is necessary in the public interest so to do, hereby exempts the goods specified in column 3 of the table and falling under Heading No of the Second Schedule to the Customs Tariff Act of 1975 (51 of 1975), specified in the corresponding entry in column 2 of the table, when exported out of India, from so much of the duty of customs livable thereon under the said Second Schedule as is in excess of the amount calculated at the rate specified in the corresponding entry in column 4 of the table
| Sl | Heading | Description of goods | Duty |
| "1" | "2" | "3" | "4" |
| 1 | 27 | Pig iron and spiegeleisen in pigs, blocks or other primary forms | 15% |
| 2 | 28 | Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having minimum purity by weight of 99.94%, in lumps, pellets or similar forms | 15% |
| 3 | 29 | Ferrous waste and scrap, remelting scrap ingots of iron or steel | 15% |
| 4 | 30 | Granules and powders, of pig iron, spiegeleisen, iron or steel | 15% |
| 5 | 31 | Iron and non alloy steel in ingots or other primary forms | 15% |
| 6 | 32 | Semi finished products of iron or non alloy steel | 15% |
| 7 | 33 | Flat rolled products of iron or non alloy steel, hot rolled, not clad, plated or coated | 15% |
| 8 | 34 | Flat rolled products of iron or non alloy steel, cold rolled (cold reduced), not clad, plated or coated | 10% |
| 9 | 35 | Flat rolled products of iron or non alloy steel, plated or coated with zinc | 5% |
| 10 | 36 | Bars and rods, hot-rolled, in irregularly wound coils, of iron or non alloy steel | 10% |
| 11 | 37 | Other bars and rods of iron or non alloy steel, not further worked than forged, hot rolled, hot drawn or hot extruded, but including those twisted after rolling | 10% |
| 12 | 38 | Other bars and rods of iron or non alloy steel | 10% |
| 13 | 39 | Angles, shapes and sections of iron or non-alloy steel | 10% |
| 14 | 40 | Wire of iron or non alloy steel | 10% |
| 15 | 41 | Tubes and pipes, of iron or steel | 10% |
