Valuation Ruling 1547/2021
In Valuation Ruling 1547/2021, Customs Values of Iron & Steel Scrap (Remeltable/HMS scrap/ Shredded scrap/ Re-Rollable scrap, Compressor scrap & other scraps under Section 25-A of the Customs Act, 1969.
Customs Values of Iron & Steel Scrap
Customs values hereinafter specified shall be assessed to duty / taxes at the following minimum Customs Values of Customs Values of Iron & Steel Scrap (Remeltable/HMS scrap/ Shredded scrap/ Re-Rollable scrap, Compressor scrap & other scraps).
Description of goods:
Iron & Steel Remeltable Scrap ‘Shredded Scrap, HMS Scrap, Press Bundle Scrap etc.
HS Code of Iron & Steel Scrap: 7204.4100, 7204.4990
Origin: All Origins
Customs Values of Iron & Steel Scrap: 530 US $ / MT (C&F)
Description of goods:
Iron & Steel Re-Rollable Scrap.
HS Code of Iron & Steel Re-Rollable Scrap: 7204.4910
Origin: All Origins
Customs Values of Iron & Steel Re-Rollable Scrap: 595 US $ / MT (C&F)
Description of goods:
Compressor Scrap.
HS Code of Compressor Scrap: 7204.4940
Origin: All Origins
Customs Values of Compressor Scrap : 820 US $ / MT (C&F)
Description of goods:
Motor Scrap.
HS Code of Motor Scrap: 7204.4990
Origin: All Origins
Customs Values of Motor Scrap : 620 US $ / MT (C&F)
Description of goods:
Aluminum Broken Parts without Iron attachment.
HS Code of Aluminum Broken Parts: 7602.0090
Origin: All Origins
Customs Values of Aluminum Broken Parts : 1500 US $ / MT (C&F)
Description of goods:
Aluminum Broken Parts with Iron attachment.
HS Code of Aluminum Broken Parts: 7602.0090
Origin: All Origins
Customs Values of Aluminum Broken Parts : 1275 US $ / MT (C&F)
Description of goods:
Aluminum Auto Parts Scrap.
HS Code of Aluminum Auto Parts Scrap: 7602.0010
Origin: All Origins
Customs Values of Aluminum Auto Parts Scrap : 1275 US $ / MT (C&F)
