Domestic steelmakers who have been urging the government to raise customs duty on steel in the wake of huge surge imports this year, were keeping their fingers crossed. "For finished and semi-finished products of steel sector, tariff rate limit has been enhanced from 10 % to 15 %. This has created possibility of increase in import duty in the interest of domestic steel industry," steel & mines minister Narendra Singh Tomar said.
Article Source: http://economictimes.indiatimes.com/articleshow/46411469.cms
Publication Date: 28 February 2015