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Govt not to raise import duty further on steel products

Press Trust of India  |  New Delhi 

The has decided not to increase the import duty further on iron and steel products as of now, was informed today.

In view of the measures taken by the and taking into concerns the views of the domestic user industry, "the has decided not to increase the import duty further on iron and steel products for the present", Minister of State for Santosh Kumar Gangwar said in a written reply to the Lok Sabha.



The has received representations from the steel industry to increase the import duty, he said.

On the other hand, he added, user industries have requested not to increase the duty.

During the last one and a half year, the has increased basic customs duty on ingots and billets, alloy steel and non-alloy long products from 5 per cent to 7.5 per cent.

Also, anti-dumping duties at specified rates have been imposed from time to time on certain specified steel products. Safeguard duty was imposed on hot rolled flat products.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Govt not to raise import duty further on steel products

The government has decided not to increase the import duty further on iron and steel products as of now, Parliament was informed today. In view of the measures taken by the government and taking into concerns the views of the domestic user industry, "the government has decided not to increase the import duty further on iron and steel products for the present", Minister of State for Finance Santosh Kumar Gangwar said in a written reply to the Lok Sabha. The government has received representations from the steel industry to increase the import duty, he said. On the other hand, he added, user industries have requested not to increase the duty. During the last one and a half year, the government has increased basic customs duty on ingots and billets, alloy steel and non-alloy long products from 5 per cent to 7.5 per cent. Also, anti-dumping duties at specified rates have been imposed from time to time on certain specified steel products. Safeguard duty was imposed on hot rolled flat ... The has decided not to increase the import duty further on iron and steel products as of now, was informed today.

In view of the measures taken by the and taking into concerns the views of the domestic user industry, "the has decided not to increase the import duty further on iron and steel products for the present", Minister of State for Santosh Kumar Gangwar said in a written reply to the Lok Sabha.

The has received representations from the steel industry to increase the import duty, he said.

On the other hand, he added, user industries have requested not to increase the duty.

During the last one and a half year, the has increased basic customs duty on ingots and billets, alloy steel and non-alloy long products from 5 per cent to 7.5 per cent.

Also, anti-dumping duties at specified rates have been imposed from time to time on certain specified steel products. Safeguard duty was imposed on hot rolled flat products.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Govt not to raise import duty further on steel products

The has decided not to increase the import duty further on iron and steel products as of now, was informed today.

In view of the measures taken by the and taking into concerns the views of the domestic user industry, "the has decided not to increase the import duty further on iron and steel products for the present", Minister of State for Santosh Kumar Gangwar said in a written reply to the Lok Sabha.

The has received representations from the steel industry to increase the import duty, he said.

On the other hand, he added, user industries have requested not to increase the duty.

During the last one and a half year, the has increased basic customs duty on ingots and billets, alloy steel and non-alloy long products from 5 per cent to 7.5 per cent.

Also, anti-dumping duties at specified rates have been imposed from time to time on certain specified steel products. Safeguard duty was imposed on hot rolled flat products.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

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