Register to Subscribe



Home arrow Aerospace arrow No proposal from Ministry of Steel regarding roll back of the duties
No proposal from Ministry of Steel regarding roll back of the duties Print E-mail
Written by Anand   
Tuesday, 06 May 2008

CLARIFICATION REGARDING MEDIA REPORT ON ROLL BACK OF EXPORT DUTIES ON STEEL

New Delhi: It has been recently reported in a section of the Press/Media that Government is considering a partial rollback on the proposals announced recently regarding export duty on certain steel products. In this regard, the following is clarified: 

1. There is no proposal from Ministry of Steel regarding roll back of the duties announced by the Ministry of Finance.

2. Some of the steel producers engaged in the manufacturing of value added steel products have represented that export duty on Cold Rolled, galvanized and coated sheets as well as pipes and tubes, the input material of which is procured through import of hot rolled coils under the Advance Licensing Scheme, should be exempted from the purview of the proposed export duty. This matter has been taken up with Department of Revenue for consideration.

 
Related news
More recent
Earlier on
< Prev   Next >

Sponsors

Mazak - The world's largest machine tool builder
JYOTI - India's most dynamic machine builder
TaeguTec - Cost effective tooling solutions
Advertisement

<< SHARE

Social

AD

Subscribe

Subscribe to MACHINIST by Email

Search

 
RSS 1.0
© 2014 MACHINIST
This site is best viewed with Firefox 2.0 or higher at a minimum screen resolution of 1024x768