Help Desk -
9958816305, 9810335381
Email
Password

Budget 2020 - Steel Mills Urge for Zero Import Duty on Coking Coal

Steel News - Published on Tue, 14 Jan 2020

Image Source: dmt-group.com
Indian steel producers have called for slashing import duties on critical ingredients such as pet coke, coking coal, anthracite coal and metallurgical coke. The country's steelmakers had substantive dependence on imports for these raw materials owing to lack of ample domestic resources. A steel mill official told Business Standard “Anthracite coal, coking coal, coke and pet coke are vital ingredients in steel making. Slashing import duties on these imported raw materials will help the steel industry to achieve and sustain cost competitiveness. Non-availability of these inputs both in quantity and quality is impeding the growth of the domestic steel industry.”

As per the existing duty structure, both coking coal and anthracite coal attract 2.5 per cent import duty. The government of India levies 10 per cent duty on pet coke imports whereas anthracite coal imports are taxed at 2.5 per cent.

Source :

Posted By : Rabi Wangkhem on Tue, 14 Jan 2020
Related News from Steel segment