 "The steel ministry has urged the Ministry of Finance to double the basic Customs duty on imported finished steel products to 15 per cent from the current 7.5 per cent in the upcoming Union Budget for 2025–26, people aware of the matter said.")
The government is preparing a relief package for industries hit by the US tariffs under the steel and aluminium sectors, a senior commerce ministry official said on Tuesday.
“In response to the 50 per cent tariffs imposed by the US on Indian goods, we are discussing with the industry stakeholders and we are trying to formulate a package which should be beneficial to the entire Indian industry and help them in tiding over the crisis,” said Vimal Anand, joint secretary, Department of Commerce, Ministry of Commerce and Industry.
The US administration had in June raised the tariff on steel and
