Reports suggest that export of huge amount of galvanised steel is affected because of confusion over export duty on the product and consequently exporters are seeking clarity on the issue. The recent move by Kolkata port to impose 20 percent export duty on galvanised steel created confusion among primary steel manufacturers. Following this, EEPC India, (formerly known as Engin
Tag: tax
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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
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Copper makers suffer from high duty on raw material
Small and micro copper manufacturers in the country complain that their operation was unsustainable because of high import duty for raw material and less duty
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615.7 mt traffic in 2011-12
Union Minister of Shipping, GK Vasan said that the traffic handling at major ports is forecast at 615.70 million tonne for 2011-12 as per National Maritime Development Programme.
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No withholding tax: Power Min
The forthcoming budget is likely to withdraw withholding tax on overseas investment in power.