On the 17th March 2021, the Minister of Finance, Tengku Datuk Seri Zafrul announced that an additional customs duty tariff is set to be imposed on several items of trade, in accordance with the Customs Duty Act 1967 (CDA). An export tariff of 15% is to be imposed on the following items involving ferrous waste and scrap ie. remelting scrap ingots of iron or steel which previously enjoyed a 10% tariff rate according to the Customs Duties Order List 2017.
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