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FICCI Seeks Zero Duty On Coke & Coking Coal Imports

Steel News - Published on Tue, 25 Jun 2019

Image Source: Coalshastra
The Federation of Indian Chambers of Commerce and Industry is lobbying the country's government to remove basic import duties on coking coal and met coke to protect domestic steelmakers. Ficci wants Delhi to scrap a 2.5% import duty on coking coal and a 5% import duty on met coke in the next federal budget on 5 July, which it said would help the industry to be cost competitive.

Ficci has also sought higher export duties on graphite electrodes, which are used in electric arc furnace-based steel production. India exports 60% of its domestic output, leading to higher prices for steel mills. The association wants the current 7.5% import duty on graphite electrodes to be scrapped.

Source :

Posted By : Ratan Singh on Tue, 25 Jun 2019
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