logo
 

Government has slapped safeguard duty on import of certain steel products like hot rolled flat sheets and plates of alloy or non-alloy steel to protect domestic manufacturers from cheap in-bound shipments.

A Revenue Department notification said, the effective duty rate would be calculated after deducting the value of the goods and the anti-dumping duty payable when the import price is below 504 US dollars per tonne. It said, the duty arrived at would be 10 per cent in the first year and will gradually reduce to 6 per cent by 2019.


No Comments For This Post, Be first to write a Comment.
Leave a Comment
Name:
Email:
Comment:
Enter the code shown:


Can't read the image? click here to refresh

Todays Epaper

Mob lynching is continuously occurred in different parts of India. Is this threat to democracy?

Yes
No
Can't say