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Indian stainless steel producers hopeful of zero duty on ferronickel import-The 20th China(Guangzhou)Int'l Stainless Steel Industry Exhibition
8/28/2018 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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Money Control reported that Stainless steel industry body ISSDA is expecting the government to look into the demands of local players to remove 2.5 percent basic customs duty on import of ferro nickel and stainless steel scrap It is a long-standing demand of domestic stainless steel producers that the duty on import of ferro nickel and stainless steel scrap key raw materials used in producing stainless steel should be removed or made zero. Indian Stainless Steel Development Association (ISSDA) President K K Pahuja said that "The two raw materials are not available in the country and the industry is importing it. Steel Secretary Aruna Sharma has assured us that the duty will be removed and her ministry is already in touch with the finance ministry in this regard.”
Mr Pahuja said that the government had removed customs duty on pure nickel in the last budget, but the move did not help the industry much since most of nickel used by stainless steel makers is in the form of ferro nickel. He added that the same relief should be extended to ferro-nickel and along with it the duty should be removed on stainless steel scrap also.
不锈钢展-2019第二十届广州国际不锈钢工业展-效果最好的不锈钢展会-The 20th China(Guangzhou)Int''l Stainless Steel Industry Exhibition
- Stainless Steel exhibition,2019
Stainless Steel exhibition, China Stainless Steel exhibition,
Guangzhou Stainless Steel expo,Guangzhou
Stainless Steel exhibition, 2019 Stainless Steel expo,
China Stainless Steel expo
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