Valuation Ruling 1547/2021 – Customs Values of Iron & Steel Scrap

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)

Download Valuation Ruling 1547/2021