Sunday, 9 November 2014

Finance Ministry Raising Import Duty on Stainless Steel



The Steel Ministry has pitched for a duty hike to safeguard domestic stainless steel industry from Chinese imports, but a final call in this regard will be taken by the Finance Ministry.

Acknowledging problems of domestic stainless steel industry on account of rising imports, a senior Steel Ministry official said today that a call on raising import duty to the optimum 10 per cent level would be taken by the Finance Ministry.

For more info | Source: Economics Times

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