HS-Code Description
HS Code of 721420 (OTHER BARS AND RODS OF IRON ORNON-ALLOY STEEL, NOT FURTHERWORKED THAN FORGED, HOTROLLED, HOT-DRAWN OR HOTEXTRUDED, BUT INCLUDING THOSE TWISTED AFTER ROLLING)

Description:

OTHER BARS AND RODS OF IRON ORNON-ALLOY STEEL, NOT FURTHERWORKED THAN FORGED, HOTROLLED, HOT-DRAWN OR HOTEXTRUDED, BUT INCLUDING THOSE TWISTED AFTER ROLLING.

HS codes falls under this category.

Incentives of 721420 (OTHER BARS AND RODS OF IRON ORNON-ALLOY STEEL, NOT FURTHERWORKED THAN FORGED, HOTROLLED, HOT-DRAWN OR HOTEXTRUDED, BUT INCLUDING THOSE TWISTED AFTER ROLLING)
HS Codes Duty Drawback Unit Drawback Rate Drawback cap per unit in Rs.
72142010 Duty Drawback 1.5
72142090 Duty Drawback 1.5

REWARD UNDER MERCHANDISE EXPORTS FROM India SCHEME (MEIS) [AS % ON FOB VALUE OF EXPORTS]

PLEASE NOTE: TOTAL INCENTIVE EQUALS SUM OF MEIS AND DUTY DRAWBACK.FOR INSTANCE, FOR Other FALLING UNDER HS CODE: 150290 INCENTIVES FROM THE GOVERNMENT IS 0.15%.

HS Codes Product Description Reward under MEIS
72142010 Containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling:Spring steel quality -
72142090 Containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling:Other -
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