The Indian government has hiked import duty on steel after a continuous lobbying by domestic steel players, in order to curb rising imports from China and CIS countries.
Duty on flat steel products were revised upwards from 7.5% to 10%.
On long products of steel like TMT bars, angles and channels, duty has been revised from 5% to 7.5%.
Duty on billets/slabs has also been revised from 5% to 7.5%.
Please find attached the updated structure of import duty in India post government’s notification.
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