Govt to raise tariffs on some base metals by 2.5%

Iron and steel, copper, nickel and aluminium are among commodities whose tariffs may be raised

The government will increase the import duty on some base metals by 2.5%, according to a list of business on the website of the upper house of parliament on Wednesday.

Finance Minister Arun Jaitley will lay papers seeking to "increase the basic customs duty by 2.5% on specified goods falling under Chapter 72", the list said.

Iron and steel, copper, nickel and aluminium are among commodities listed as base matals under Chapter 72 of the Central Board of Excise and Customs.