Steel industry seeks duty cut on key raw materials in Budget - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Steel industry seeks duty cut on key raw materials in Budget

The basic customs import duty on anthracite coal is 2.5 per cent. Since ferro alloy industry plays a vital role in steel manufacturing, it is necessary to make available these reductants at international competitive price to make Indian steel mills more competitive, it said while recommending that customs duty on anthracite coal be reduced to zero from 2.5 per cent.

from Industry-Economic Times
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