Jindal Stainless Ltd (JSL) MD Abhyuday Jindal has urged the government to remove import duty on raw materials in the upcoming Union Budget ...

Sources said that the government may consider removing customs duties on raw materials used for manufacturing of certain flat-rolled produc...

Ahead of the Budget, the Indian Stainless Steel Development Association (ISSDA) has urged the government to remove import duty on ferro-nic...

ISSDA has said in a submission to the government that ferro-nickel and stainless steel scrap attract an import duty of 2.5% each and are un...

ISSDA said that the decision of the government to continue levying import duty on ferro-nickel and stainless steel scrap will act as deterr...

Steel experts too believe that the landed price of raw materials is an important area to focus on.

The steel ministry had already made a request to the finance ministry in this regard, Steel Secretary Aruna Sharma said.

While it welcomed the move to remove basic customs duty on nickel it pointed out that a major part of the stainless steel industry's demand...

ISSDA said the duty hike on finished products must be looked upon from the viewpoint that Indian stainless steel industry has faced an unpr...

At the Multi Commodity Exchange, nickel for delivery in May gained Rs 6 or 0.70 per cent to Rs 865.80 per kg in a business turnover of 584 ...

At the Multi Commodity Exchange, nickel for delivery in April shed Rs 6.20 or 0.73 per cent to Rs 846.80/kg in a business turnover of 311 l...

The association is also looking forward to a reduction in the duty on basic raw material to 0% from the present level of 2.5%-7.5%.

Government may consider listing Ferro Manganese Slag under Free Items instead of Restricted Items under chapter heading 2621 9000.

The Budget has proposed to cut duty on scrap to 0 from 2.5% and that on ferro nickel to 2.5% from 5%.

IFAPA pre-budget memorandum has given the following recommendations for the Ferro Alloys Industry:

Government does not propose to abolish import duty on ferro-nickel, a key input for producing alloy and stainless steel.

Budget 2008 may bring in good news for homemakers. The finance ministry is considering cutting import duties on ferro nickel from present 5...