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Indian stainless steel maker pitches for higher customs duty-The 19th China(Guangzhou)Int'l Stainless Steel Industry Exhibition
9/14/2017 不锈钢展-不锈钢展会-效果最好的不锈钢展会- Stainless Steel Exhibition |
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Business Standard reported that Indian domestic stainless steel industry seeks stronger support from the government as it hopes for an upward revision of basic customs duty for stainless steel, bringing it at par with duty on primary steel products, which currently attracts a 12.5% levy. Mr NC Mathur, independent director at Jindal Stainless (Hisar) told Business Standard "We are hoping that the government, would further support this industry in a similar manner as it has done for the carbon steel producers (primary steel makers) where they were protected with series of duties while we (stainless industry) were left high-and-dry.”
He said "Stainless steel producers, just like primary steel producers also have exposure to banks and this duty will only place us in a better position to service our debt.”
Currently, stainless steel imports draw a basic customs duty of 7.5 percent.
-The 19th China(Guangzhou)Int''l Stainless Steel Industry Exhibition
- Stainless Steel exhibition,2018
Stainless Steel exhibition, China
Stainless Steel exhibition, Guangzhou Stainless Steel expo
Guangzhou
Stainless Steel exhibition, 2018 Stainless Steel expo,
China Stainless Steel expo
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