Govt may scrap steel export duty
Posted on Thu May 15, 2008 at 06:23:57 AM EST
The government is "seriously considering" doing away with export duty after steel-makers lowered prices to help contain inflation. "The demand of the steel producers on rolling back the export duty is under consideration and a decision is expected soon," Steel Secretary Raghav Sharan Pandey said. Inter-ministerial consultations are on in this connection. During their meeting with Prime Minister Manmohan Singh last week, steel producers pledged to lower prices of flat products by Rs 4,000 a tonne and prices of reinforcement bars and structural steel by Rs 2,000 and hold the price line for the next 2-3 months.
By djain128, Section EXIM Policy
Posted on Thu May 15, 2008 at 06:23:57 AM EST
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