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PPMAI seeks removal of import duty

PPMAI seeks removal of import duty

Process Plant and Machinery Association of India (PPMAI) wants government to abolish import duty on on stainless steel and special steels which are used by the manufacturers of Process Plant machineries. Specifically, the industry demands removal of import duties on import of stainless steel hot rolled sheets, coils and cold rolled products. The association seeks removal of duty because of the steep depreciation of rupee against the dollar and also because of the fact that some of the steel prod

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NMCC asked to probe import from China

NMCC asked to probe import from China

Following complaints from industry players, the Standard Board of Safeguards asked National Manufacturing Competitiveness Council (NMCC) to study the impact of import of raw materials for stainless steel products from China. NMCC is asked to study the impact of such imports on the competitiveness of the user industry of the product under consideration. The Board has also sought clarifi