October 12, 2008

No clarity on export duty on steel supply to SEZs

Mr RS Gujral director general of foreign trade said that there is no clarity on whether steel supplied by domestic units to special economic zones will be subject to export duty.

Responding to an issue raised by exporters at an open house organized, Mr Gujral said that it was not clear whether such supplies to SEZs by domestic manufacturers would be eligible for Duty Entitlement Pass Book and other such concessions.

Federation of Indian Export Promotion Organizations, Pharmaceutical Export promotion Council and Engineering Export Promotion Council have jointly organized the open house with the director general of foreign trade.

EEPC expressed doubt if automobile components and parts constituted part of engineering products as commercial banks excluded them from this category whereas Reserve Bank of India brought them under engineering products.